Arizona republican., 1919-07-09

of the sale thereof shall be used for the purpose of purchasing, construct ing and installing a waterworks Sys- tVrn to be owned and controlled by said City; that said bonds shall bear the date of their issuance and shall mature January l, 1850; they shall be in the denomination of s1,00000 each and shall be numbered consecutively from one to thirteen hundred, both inclusive; they shall be payable to bearer and bear interest as evidenced by coupons at tached thereto at the rate of per cent per annum, payable semi-annually on the first days of January and July, beginning January l, 1920, at some bank in the City of New York, State of New York; said bonds shall be signed and attested by the Mayor and City Clerk and coupons for the interest thereon shall be attached to each of said bonds and each of said coupons shall bear a fac -simile of the sigma lures of the Mayor and City Clerk as such signatures appear on said bonds.
 Section ?. That special election by the property tax payers of the City Of Phoenix. who in all other respects shall be qualified electors of said City, be, and the same is, hereby called and di- 1 rected to be held in accordance with law on the 26th day of July, A. D. 1919. for the purpose of determining whether such Indebtedness in such amount shall be authorized.
 Section 3. That at said special cleo ton the following question shall be, and is, hereby submitted to the legally qualified property taxpayers of the City of Phoenix, Maricopa County, Arizona, who in all other respects shall be quali- fled electors in said City for their de- 1 termination. to-wit:
 Shall the Commission of the City Of | Phoenix, Maricopa county State of | Arizona, be authorized to create an in- | debtedness for and on behalf of the said City of Phoenix, and upon the credit thereof in excess of four per centum of the value of the taxable | property of said City. but not in excess of fifteen per centum of the value of said taxable property of the City of Phoenix by issuing negotiable coupon | bonds of said City in the amount of One Million Three Hundred Thousand Dollars, for the purpose of acquiring funds for the purchase. construction and installation of waterworks sys- tenn to be owned and controlled ex- clusively by the said City of Phoenix. Said bonds to consist of thirteen hun l dred bonds, numbered one to thirteen hundred, both inclusive, in denomina- tions of One Thousand Dollars each; which bonds shall bear the date of their issuance; shall be payable to bearer, and bear interest as evidenced by cou- pons attached thereto at the rate oi per centum per annum, payable semi annually on the first days of January and July beginning January 1, 1920. at some bank in the City of New York
 State of New York. and said bonds shall mature January 1, 1850"
 Section 4. That sad special election
 shall be held at the regular voting
 places within the City of Phoenix which have been designated by ordi-
 nance No. 27O, as follows:
 First Precinct: Adams street school
 Second Precinct: Central schoo
 building.
 Third Precinct: 285 North Centra avenue.
 Fourth Precinct: Monroe schoo
 building.
 Fifth Precinct: Northwest corner
 Second avenue and Madison street !, Sixth Precinct: City Hall. !; That said election shall be conducted