Arizona republican., 1919-06-14

SAID CITY. AND THE CALLING
 OF 4 SPECIAL ELECTION OF
 THE PROPERTY TAXPAYERS OF
 SAID CITY OF PHOENIX WHO
 SHALL IN ALL OTHER RE-
 ,SPECTS BE QUALIFIED ELEC-
 TORS IN SAID CITY FOR THE
 PURPOSE OF DETERMINING
 WHETHER SUCH INDEBTED
 NESS SHALL BE AUTHORIZED.
 BE IT ORDAINED BY THE CON- MISSION OF THE CITY OF PHOE- NIX, AS FOLLOWS:
 Section 1. That the public interests demand that the City of Phoenix shall acquire, own, operate and control a water supply system sufficient to fur nish said City with water of suitable quality and in sufficient quantity to meet the needs of said City. and for that purpose that it shall purchase, construct and install pumping plants, pipe lines, reservoirs and other things needed for such water works; that to provide the funds for the purchase, construction and installation of said water works 1t is necessary that an issue of bonds of the said City of Phoe- nix be made in the aggregate sum of 1900 900 with the assent of a majority of the property tax payers of said City who are also in all other respects quail fled electors of said City, as provided in Section 8, Article IX, of the Consti- tuition of the State of Arizona.
 Section 2.-That with the assent of said property tax payers obtained as hereinafter provided, bonds of the City of Phoenix shall be issued in the az gregate sum of $1,300,00O and the pro- ceeds of the sale thereof shall be used for the purpose of purchasing. con- structing and installing the pumping plants, pipe lines, reservoirs and other works needed to supply said City with water of suitable quality and in suffi- cient quantity to meet the demands of said City, which said works are to be owned and controlled by said City; that said bonds shall bear the date of ! their issuance and be payable January ! 1st, 1860; they shall be in the denomi- nation of $1,000 each and shall bear in terest at the rate of 41s per cent per annum, payable mi-annually, on the first days of January and July re- l spectively of each year; said bonds shall be numbered consecutively from one upwards, and shall be signed and attested by the Mayor and the City 1 Clerk. Said bonds shall be payable tC i bearer and coupons for the interest 1 thereon shall be attached to each ot said bonds so that the same may be 1 removed therefrom without mutilatine i the bond and each of said coupons 1 shall bear a facsimile of the signatures l of the Mayor and City Clerk as said | signature appear on said bonds: pro- l vided, however, that it shall be stipu- lated in said bonds that the City o1 l Phoenix reserves the right to pay al such bonds in their numerical order at the rate of $65, 900 thereof per an mum from and after the expiration o1 l 20 years from their date.
 Section 3. That a special election is hereby ordered to be held in said City Of Phoenix, State of Arizona, on tho 18th day of July, 1919, for the purpose Of submitting to the property tax pay CTS of said city, and who shall in al other respects be qualified electors il and for said City, the question whetheI the indebtedness of said City shall b, increased over and above the De
 cent limitation as provided by law by the issuance of bonds of the said Cit,
 of Phoenix. in the aggregate sum O
 S1,300,000, the proceeds thereof to b. i used as aforesaid, for the purpose o purchasing, constructing and install
 Ing pumping plants, pipe lines, reser
 Voirs and other works needed to suppl
 said City with water of suitable dual
 lty and in sufficient quantity to mee
 the demands of said city, said works t
 be owned and controlled by said Cit,
 Section I. That said special electio | shall be held at the regular votin places within the City of Phoenix an
 shall be conducted by such election of
 ficers as shall hereafter be appointe
 by resolution of the City Commissio and shall be conducted in the manne
 prescribed by law and the vote shall b
 counted, canvassed and returned an
 the result ascertained as provided b
 law. The form of the proposition so { be submitted at such special electio
 shall be as follows
 Shall the indebtedness of the Cit , of Phoenix be increased over an above the 1 per cent limitation as pro , Vlded by law, by the issuance of bond , of said City of Phoenix, the proceed , Of the sale thereof to be used for tt
 purpose of purchasing, constructin
 and installing pumping plants, piI
 lines, reservoirs and other works need , ed to supply said City with water - suitable quality and in sufficie1 quantity to meet the demands ,
 said City, which said works are
 be owned and controlled by said Cit said bonds to be in the aggregate SUI 5 of 1900, 900, to be of the denominf . tion of $1.000 each, to mature on Il s first day of January, 1860, to bear u date of their issuance to bear intere Q from the date of issuance until pa ] a ,-1 fR nf
 payable semi annually on the fir days of January and July respective : of each year, to be numbered consecl lively from one upwards to be sign, l. and attested by the Mayor and u
 City Clerk, to be payable to bearer al
 the coupons for the interest thereon
 be attached to each of said bonds
 that the same may be removed ther
 from without mutilating the bonds. al | each of said coupons to bear a ia
 simile of the. signatures of the May
 and the City Clerk, as said Signatur .e appear upon said bonds. Provide n however, that it shall be stipulated a said bonds that the City of Phoen
 reserves the right to pay all such bon
 in their numerical order at the rate 7 $65,O00 thereof per annum from al
 after the expiration of 20 years fro D their date"
 F Sertion 5. Immediately following t E said proposition so to be submitted = the property tax payers of said ci F who shall be in all other respeC F qualified electors in said City, the = shall be printed on the ballot to R used at said election the words "Ye Y and NO" in such manner that Sd D electors of said City may clearly e LE press their approval or disapnroval