The copper era and Morenci leader., 1919-04-25

ton, County of Greenlee, State of Ari- zona, to the lawful purchaser thereof in accordance with law and the con- tract of purchase made to that end, and the amount of bonds sold, their numbers and dates shall be entered upon the Minutes of the Common Council of the said Town of Clifton, County of Greenlee, State of Arizona. and the proceeds derived from the sale of said bonds shall be used ex- clusively for the purpose of said bonds as hereinbefore set forth, but the pur- chaser of said bonds shall in no wise be responsible for the application of the proceeds of the said bonds by the said Town of Clifton or any of it's of- ficers.
 It is further ordered that at the time of making the levy of taxes for Town purposes, the Common Council of the Town of Clifton shall annually hereof levy tax upon the taxable property within the corporate limits of the said Town of Clifton sufficient to pay the interest on said bonds, and shall annually levy tax upon the taxable property within the corporate limits of the Town of Clifton sufficient to pay the principal sum of each bond maturing. during the year such tax is levied. and said tax collected shall constitute separate funds for the pay ment of the principal and intefest of said bonds respectively, and shall be called respectively Interest Fund" and Redemption Fund" Said funds shall be kept for and applied soley to the purpose of the payment of the in- terest on said bonds, and for the re- demption of said bonds according to the number of their issue, and for no other purpose whatsoever until the indebtedness so contracted under this order, principal and interest, shall have been fully paid, satisfied and discharged; but nothing herein con- tained shall be so construed to prevent the said Common Council of the Town of Clifton from applying any other funds that may be in the treasury of the said Town of Clifton, and avail able for that purpose, to the payment Lof the principal or interest as the same respectively mature, and the levy or levies of taxes herein provided for may to that extent be diminished. That public notice be given of the intention of the Common Council of the Town of Clifton to issue, negotiate and sell such bonds herein specified; that sealed proposals will be received l by the Common Council of the Town of Clifton for the purchase of said bonds on Tuesday, the first day of July, A. D. 1919, at the hour of 10 o'clock A. M. of said day, and that the Common Council of the Town of Cliff ton will at such time, at meeting to be held for said purpose, open all sealed proposals received by them and award the purchase of said bonds to the highest and best responsible bid der; provided, however, that none of
 said bonds will be sold for less amount than par with accrued inter.
 est.
 A copy of this order shall be pub-
 lished for at least four consecutive
 weeks before said sale in the Copper
 Era, a newspaper designated by the Mayor of the Town of Clifton, being
 a newspaper printed and published in
 said Town of Clifton and of general
 circulation therein, together with no
 tice that sealed proposals will be re
 ceived by the said Common Counci
 of the Town of Clifton for the pur
 chase of said bonds on the day an6
 hour named in this order, which no tice shall be insubstantially the fol
 lowing form:
 Notice of Bond Issue and Sale
 Notice is hereby given that th' Common Council of the Town of Cliff ton, County of Greenlee, State of Ari
 zona, intends to issue, negotiate ant
 sell on Tuesday, the first day of July
 A. D. 1919, at the hour of 10 o'cloci A. M. of said day, at the Town Hal
 in the Town of Clifton, County o Greenlee, State of Arizona, negotiabl !, coupon bonds of said Town in the az !, gregate amount of Nine Thousan : ($9, 100000 Dollars for the purpose o acquiring funds to provide a publi t park with in the said Town of Cliftol t and the purchase of lands and proper g ty necessary therefor; said bonds wi ,, consist of eighteen QS) bonds in tn ;, denomination of Five Hundre q (S500.00) Dollars each, payable in gol e coin of the United States of America t of or equal to the present standard c d weight and finenesS, bearing date, an
 bearing interest from and after Jun
 3Oth, 1919, at the rate of six (6%o) pc l. centum per annum, payable in lik l. medium semi-annually on the 30th da
 of June and the 3Oth day of Decembe
 of each year, both principal and inte r. est payable at the office of the Tow e Clerk of the said Town of Clifton,
 Clifton, Arizona, or at the Hanove n National Bank in the City of Ne