Arizona republican., 1919-07-11
Legal Advertising
NOTICE OF CALLING OF SPECIAL
 ELECTION

zCJI G1lA 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 MOURNING AN IN 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 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,
 
 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 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 imitation; NOW, THEREFORE
 BEET ORDAINED BY THE COMMIS- SION OF THE CITY OF PHOENIX, AS FOLLOWS:
 Section That with the assent of said property taxpayers, who in all other respects shall be qualified elec- 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 S1300, 100000, 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 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 S10G000 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 attached 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 2. That a special election by the property taxpayers 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- 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 aH other respects shall be quali- fled electors in said City for their de- termination, to-wit:
 Shall the Commission of the City of Phoenix, Maricopa County. State oi 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 oi said taxable property of the City oi Phoenix, by issuing negotiable coupor bonds of said City in the amount oi One Million Three Hundred Thousand Dollars, for the purpose of acquiring funds for the purchase, construction and installation of a waterworks sys- tenn, to be owned and controlled ex. clusively by the said City of Phoenix Said bonds to consist of thirteen hun dred bonds, numbered one to thirteer hundred, both inclusive, in denomina. lions of One Thousand Dollars each, which bonds shall bear the date o their issuance; shall be payable tC bearer. and bear interest as evidenced by coupons attached thereto at the rate of per centum per annum, payable semi annually on the first days of Jan. uary and July, beginning January l 1920, at some bank in the City of New York, State of New York, and saiC bonds shall mature January 1, 1950.'