Arizona republican., 1919-07-10
Legal Advertising
ORDNANCE NC. 271

! CALLING A SPECIAL EDECIlON l WITHIN THE CITY OF PHOENIX, |
 ARIZONA, FOR THE PURPOSE OF i SUBMITTING TO THE QUALIFIED
 ELECTORS THEREIN, THE PROP ! i OSITION OF INCURRING AN IN l 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 PR1N-
 CIPAL SUM OF ONE MILLION,
 THREE HUNDRED THOUSAND
 DOLLARS FOR THE PURPOSE OF
 PURC H ASING, CONSTRUCTING
 AND INSTALLING A WATER
 WORKS SYSTEM TO SUPPLY
 SAID CITY WITH WATER, SAID ! WATERWORKS SYSTEM TO BE
 OWNED AND CONTROLLED EX-
 CLUSTVELY BY SAID CITY, AND DECLARING AN EMERGENCY. Il WHEREAS, in the opinion or 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
 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- l fn chasing, constructing and installing waterworks system, and
 WHEREAS, it is provided by Chapter
 2, Title 52, of the Revised Statutes of Arizona, 1913, (Civil Code) that prior 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 . in all other respects shall be qualified electors in said City, for their deter imitation; NOW, THEREFORE BE IT ORDAINED BY THE COMM1S- SION OF THE CITY OF PHOENIX, , AS FOLLOWS:
 Section l. That with the assent of said property taxpayers. who in all 3 other respects shall be qualified elec- l tors of the City of Phoenix as hereinaf- 7 ter provided, bonds of the City of Phoe- p nxi shall be issued in the aggregate l sum of $1,3O00 100000, and the proceeds g of the sale thereof shall be used for
 the purpose of purchasing, construct ] ing and installing a waterworks sys- Q t,.ra to be owned and controlled by said . City; that said bonds shall bear the
 date of their issuance and shall mature V January l, 1850; they shall be in the |, ! nf
 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 r per annum, payable semi annually on . the first days of January and July, !. beginning January 1, 1920, at some V bank in the City of New York, State d of New York; said bonds shall be s signed and attested by the Mayor and d 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 l. such signatures appear on said bonds. 1, Section 2. That a special election by y the property tax payers of the City oi l. Phoenix,.who in all other respects shal s be qualified electors of said City, be e and the same is, hereby called and di- n rected to be held in accordance witt ,f law on the 26th day of July. A. D. 1919 g. for the purpose of determining whether e such indebtedness in such amount shal 10 be authorized.
 a Section 3. That at said special cleo "a ton the following question shall be, ant m is. hereby submitted to the legall. 'e qualified property taxpayers of the Cit! "a of Phoenix, Maricopa County, Arizona l. who in all other respects shall be quail Y fled electors in said City for their de to termination, to-wit:
 er Shall the Commission of the City 0 Id Phoenix, Maricopa county, State o l. Arizona, be authorized to create an in le debtedness for and on behalf of tn y said City of Phoenix, and upon tn le credit thereof in excess of four De to centum of the value of the taxabl sd property of said City. but not in exces 1e of fifteen per centum of the value 0 V said taxable property of the City 0 ys Phoenix, by issuing negotiable coupo to bonds of said City in the amount c l. One Million Three Hundred Thousan De Dollars. for the purpose of acquirin en funds for the purchase. constructio to and installation of a waterworks sys ry tenn, to be owned and controlled ex
 clusiyely by the said City of Phoeni, be Said bonds to consist of thirteen hun oy dred bonds, numbered one to thirtee
 hundred both inclusive, in denomina al tions of One Thousand Dollars each Id which bonds shall bear the date of thei S. issuance; shall be payable to bearel 8: and bear interest as evidenced by cou ol pons attached thereto at the rate (
 per centum per annum, payable semi ol annually on the first days of Januar
 and July beginning January 1, 1920, a al some bank in the City of New Yorl
 State of New York. and said bond ol shall mature January l, 1950.'
 Section 4. That said special electio CT shall be held at the regular votin
 places within the City of Phoeni,
 which have been designated by ordi ed nance No. 270, as follows:
 e. First Precinct: Adams street schoo he Second Precinct: Central schot on building.
 e. Third Precinct: 2s5 North Centr, be avenue.
 nd Fourth Precinct: Monroe scho, by building.
 Fifth Precinct: Northwest corns be Second avenue and Madison street all Sixth Precinct: City Hall.
 in That said election shall be conducte re by such election officers as shall here
 after be appointed by resolution of ti al City Commission, and shall be COT
 ducted in the manner prescribed b
 law and the vote shall be counted. car 1r. vassed and returned and the result as
 certained as provided by law.
 Section 5. The form of ballot which