Arizona republican., 1919-07-10

IIoNlQlnB TOT q fpeCldl tlEIllOh i4NiS S4H- 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 RECURRING AN IN DEBTEDNESS BY THE CITY OF PHOENIX, ARIZONA, IN EXCESS OF FOUR PER CENT OF THE VALUE or 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 EX- 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 irn in ha cd 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 Thou sand Dollars, for the purpose of pur- chasing, constructing and installing a waterworks system, and
 WHEREAS, it is provided by Chapter 9, 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 mination; NOW, THEREFORE
 l1i4 I OhDAlN ELI HE CONI SION OF THE CITY OF PHOENIX AS FOLLOWS:
 Section 1 That with the assent o1 said property taxpayers, who in al other respects shall be qualified cleo 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 $1,30C 00000, and the proceed: of the sale thereof shall be used fol the purpose of purchasing, construct ing and installing a waterworks sys tenn to be owned and controlled by sai( City; that said bonds shall bear tht date of their issuance and shall mature January 1, 1850; they shall be in tht denomination of S1,0G0.00 each ana shall be numbered consecutively iron one to thirteen hundred, both inclusive they shall be payable to bearer anC bear interest as evidenced by coupons attached thereto at the rate of pc cent per annum. payable semi annual! on 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 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 wit law on the 18th day of July, A. D. 191! for the purpose of determining whethe such indebtedness in such amount sha be authorized.
 Section B. That at said special cleo ton the following question shall b. and 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 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 ( 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 el cusively by the said City of Phoeni Said bonds to consist of thirteen hur dred bonds, numbered one to thirtee hundred, both inclusive, in denomins tions of One Thousand Dollars eacf which bonds shall bear the date their issuance; shall be payable bearer, and bear interest as evidence by coupons attached thereto at the ra of 5 per centum per annum, payab semi annually on the first days of Jal usry and July, beginning January 1920. at some bank in the City of Ne York, State of New York, and sa bonds shall mature January l, 195C
 Section 4. That said special efectiC shall be held at the regular votiI places within the City of Phoeni which have been designated by ord nance No. 27O, as follows:
 First Precinct: Adams street schot
 Second Precinct: Central scho building.
 Third Precinct. 2S5 North Centr avenue.
 Fourth Precinct: Monroe scho building.
 Fifth Precinct: Northwest corn Second avenue and Madison street.
 Sixth Precinct: City Hall.
 That said election shall be conduct by such election officers as shall her after be appointed by resolution of t City Commissoin, and shall be co ducted in the manner prescribed tI .1-s.l1 !. f11 vassed and returned and the result a certained as provided by law.
 Section 5. The form Of ballot whi -aaII he nrnNided hu thn CitY Gle