Arizona republican., 1919-07-05
ORDINANCE NO. 271.


 ORDINANCE NO. 271.
 AN ORDINANCE DIRECTING AND CALLING A SPECIAL ELECTION WITHIN THE CITY OF PHOENIX. ARIZONA. FOR THE PURPOSE OF SUBMITTING TO THE QUALIFIED ELECTORS THEREIN, THE PROP OSITION OF RECURRING AN IN DEBTEDNESS BY THE CITY OF PHOENIX, ARIZONA, IN EXCESS OF FOUR PER CENT OF THE VALUE OF THE TAXABLE PROP ERTY OF THE SAID CITY OF PHOENIX, BUT NOT EXCEEDING FIFTEEN PER CENT THEREOF, BY THE ISSUING OF THE NEGO- TABLE COUPON BONDS OF SAID CITY IN THE AGGREGATE PRIN- CIPAL SUM OF ONE MILLION, THREE HUNDRED THOUSAND DOLLARS FOR THE PURPOSE OF PURGE ASING, CONSTRUCTING AND INSTALLING A WATER WORKS SYSTEM TO SUPPLY SAID CITY WITH WATER. SAID WATERWORKS SYSTEM TO BE OWNED AND CONTROLLED EX- CI.USIVELY BY SAID CITY, AND DECLARING AN EMERGENCY.
 WHEREAS, in the opinion of the Commission of the City of Phoenix, a municipal corporation within the Coun- ty of Maricopa, State of Arizona, the public interests demand that bonds of said City be issued for the purpose of acquiring funds for the purchase, construction and installation of a waterworks system for said City, and the inhabitants thereof. to be owned and controlled exclusively by said City of Phoenix, and that an indebtedness be created therefor by the issuing Of bonds in the aggregate principal sum of One Million Three Hundred Thous- and Dollars, for the purpose of pur- C' asing, constructing and installing a waterworks system, and
 WHEREAS, it is provided by Chapter 2, Title 5. of the Revised Statutes of Arizona, 1913, (Civil Code) that prior 10 the creation of said indebtedness and the issuance of bonds therefor, the question of whether said indebted ness shall be authorized, shall be sub- mitted to the vote of the property taxpayer of the City of Phoenix, who in all other respects shall be qualified electors in said City, for their deter mination; NOW, THEREFORE
 BE IT ORDAINED BY THE 70 -dMIS- SION OF THE CITY OF PHOENIX, AS FOLLOW .:
 Section l. That with the assent of said property taxpayers, who in all other respects shall be qualified elec- tors of the City of Phoenix as hereinaf- - ter provided, bonds of the City of Phoe- nXi shall be issued in the aggregate sum of $1,300 00000, and the proceeds of the sale thereof shall be used for the purpose of purchasing, construct ing and installing a waterworks sys- cm to be owned and controlled by salt Iity; that said bonds shall bear th' date of their issuance and shall mature January 1, 1850; they shall be in the denomination of $1,000.00 each ano shall be numbered consecutively from one to thirteen hundred, both inclusive they shall be payable to bearer and beal interest as evidenced by coupons at tached thereto at the rate of per cen per annum, payable semi ol the first days of January and July beginning January l, 1920, at som bank in the City of New York, Stat of New York; said bonds shall b. signed and attested by the Mayor ant City Clerk and coupons for the interes thereon shall be attached to each o said bonds and each of said coupon shall bear a fac-simile of the sigma lures of the Mayor and City Clerk a such signatures appear on said bonds.
 Section 2 That a special election b. the property tax payers of the City o Phoenix, who in all other respects shal be qualified electors of said City, bt and the same is, hereby called and di rected to be held in accordance wit law on the 26th day of July, A. D. 191! for the purpose of determining whethe such indebtedness in such amount sha be authorized.
 Section 8. That at said special cleo ton the following question shall be, an is, hereby submitted to the legall qualified property taxpayers of the Cit of Phoenix, Maricopa County, Arizon; who in all other respects shall be quail fled electors in said City for their de termination. to-wit:
 Shall the Commission of the City ( Phoenix, Maricopa county, State ( Arizona, be authorized to create an in debtedness for and on behalf of tn said City of Phoenix, and upon u credit thereof in excess of four pc centum of the value of the taxab property of said City. but not in exces of fifteen per centum of the value ( said taxable property of the City ( Phoenix, by issuing negotiable coupe bonds of said City in the amount One Million Three Hundred Thousar Dollars, for the purpose of acquirir funds for the purchase. constructic and installation of waterworks sy' tenn. to be owned and controlled e, clusively by the said City of Phoeni Said bonds to consist of thirteen hun dred bonds, numbered one to thirtet hundred, both inclusive. in denonin; tions of One Thousand Dollars eacl which bonds shall bear the date of the issuance; shall be payable to beare and bear interest as evidenced by col ,ops attached thereto at the rate 5 per centum per annum, payable sem annually on the first days of Janua and July beginning January 1, 1920. some bank in the City of New Tor State of New York. and said bon shall mature January l, 1950.'
 Section 4. That said special electi' shall be held at the regular votil places within the City of Phoeni which have been designated by ord nance No. 270, as follows:
 First Precinct: Adams street scho
 Second Precinct: Central schc building.
 Third Precinct: 235 North Centr avenue.
 Fourth Precinct; Monroe sche building.
 Fifth Precinct: Northwest corn