Arizona republican., 1919-06-25

Charter, and this ordinance shall take effect and become operative from and after it's passage and approval by the Mayor. Section 9. Ordinance No. 266, passed by the Commission and approved the 11th day of June, 1919, is hereby re- pealed.
 Passed by the Commission of the City of Phoenix, this 18th day of June, 1919 Approved:
 PETER CORPSTEIN,
 Mayor. Attest: FRANK THOMAS,
 City Clerk. NOTICE OF CALLING OF SPECIAL
 ELECTION
 WHEREAS, the City Commission of, the City of Phoenix did, on the 18th day of June, 1919, pass an ordinance providing for a special election herein after referred to, which said ordinance is as follows:
 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 INCURRING AN IN DEBTEDNESS BY THE CITY OF PHOENLX, 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 PURCHASING, CONSTRUCT ING AND INSTALLING A WATER WORKS SYSTEM TO SUPPLY SAID CITY WITH WATER, SAID WATERWORKS SYSTEM TO BE OWNED AND CONTROLLED FIX CLUSIVELY 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 i bonds in the aggregate principal sum of One Million Three Hundred Thou sand Dollars, for the purpose of pur- chasing, constructing and installing a waterworks system, and
 -NTnT A ! ! | 2, Title 52, of the Revised Statutes of | Arizona, 1913, l(Civil Code) that prior 1 to 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 1 in all other respects shall be qualified electors in said City, for their deter imitation; NOW, THEREFORE
 BE IT ORDAINED BY THE COMMIS- SION OF THE CITY OF PHOENIX 1 AS FOLLOWS:
 Section 1 That with the assent Of | said property taxpayers, who in all 1 other respects shall be qualified cleo l tors of the City of Phoenix as hereinaf | ter provided bonds of the City of Phoe- nix 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- tenn to be owned and controlled by saiC City; that said bonds shall bear the date of their issuance and shall mature January 1, 1850; they shall be in the denomination of s10G0.00 each an6 shall be numbered consecutively from one to thirteen hundred, both inclusive; they shall be payable to bearer ant bear interest as evidenced by coupon; attached thereto at the rate of pel cent per annum, payable semi annually on the first days of January and July beginning January l. 1920, at somt 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 coupons shall bear a fac simile of the sigma lures of the Mayor and City Clerk al such signatures appear on said bonds
 Section 2. That a special election b. the property taxpayers of the City o Phoenix, who in all other respects shal be qualified electors of said City, be and the same is, hereby called and di rected to be held in accordance witt law on the 26th day of July, A. D. 191s for the purpose of determining whethe such indebtedness in such amount shal be authorized.
 Section B. That at said special cleo tion the following question shall bt and is, hereby submitted to the legal qualified property taxpayers of the Cit of Phoenix, Maricopa County, Arizons 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 c Phoenix, Maricopa County, State c Arizona, be authorized to create an in debtedness for and on behalf of tn said City of Phoenix, and upon tn credit thereof in excess of four pc centum of the value of the taxabl property of said City, but not in eXces of fifteen per centum of the value C said taxable property of the City ( Phoenix, by issuing negotiable coupe bonds of said City in the amount ( One Million Three Hundred Thousan Dollars, for the purpose of acquirin funds for the purchase, constructio and installation of a waterworks sys tenn, to be owned and controlled eS clusively by the said City of Phoeni' I Said bonds to consist of thirteen hun : dred bonds, numbered one to thirtee hundred, both inclusive, in denomina T tions of One Thousand Dollars each v which bonds shall bear the date ( r their issuance; shall be payable e bearer and bear interest as evidence n by coupons attached thereto at the raj r of 5 per -centum per annum, payab semi annually on the first days of Jar f uary and July, beginning January . 1920, at some bank in the City of Ne t York, State of New York, and sai e bonds shall mature January 1, 1850
 Sactinn 4 That Sa id Snecial electic