Arizona republican., 1919-06-26
Legal Advertising
ORDINANCE NO. 271.

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 INCURRING 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,
 DOLLARS FOR THE PURPOSE OF
 PURC ASING. CONSTRUCTING
 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, 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 the inhabitants thereof, to be owned and controlled exclusively by said City of Phoenix, and that an indebtedness 1 be created therefor by the issuing of | bonds in the aggregate principal sum l of One Million Three Hundred Thous- | and Dollars, for the purpose of pur- chasing, constructing and installing a | waterworks system. and
 | WHEREAS, it is provided by Chapter i ?, 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 COMMIS-
 
 AS FOLLOWS:
 Section l. That with the assent of { said property taxpayers, who in all other respects shall be qualified cleo tors of the City of Phoenix as hereinaf ter provided, bonds of the City of Phoe- { nxi shall be issued in the aggregate sum of $1,300, 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 sad( City; that said bonds shall bear the date of their issuance and shall mature January 1, 1850; they shall be in the denomination of $1,00000 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 or 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 bt signed and attested by the Mayor anC 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 a: such signatures appear on said bonds,
 Section 2. That special election by the property tax payers 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 witt law on the 26th day of July, A. D. 1919 for the purpose of determining whether . such indebtedness in such amount Shal be authorized.
 Section 5. That at said special cleo ton the following question shall be, ant is, hereby submitted to the legall, , qualified property taxpayers of the Cit. of Phoenix, Maricopa County, Arizona 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 o Phoenix Maricopa county, State o 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 o said taxable property of the City o Phoenix, by issuing negotiable coupe bonds of said City in the amount c One Million Three Hundred Thousan , Dollars, for the purpose of acquirin funds for the purchase, constructio 2 and installation of Q waterworkS sys tenn, to be owned and controlled ex $ clusively by the said City of Phoeni, Said bonds to consist of thirteen hun : dred bonds, numbered one to thirtee ? hundred, both inclusive, in denomina ,. tions of One Thousand Dollars each which bonds shall bear the date of thei issuance; shall be payable to beare ,: and bear interest as evidenced by cou ! pons attached thereto at the rate ( per centum per annum, payable semi annually on the first days of Januar f and July beginning January 1, 1920, g : some bank in the City of New Yorl 4 State of New York, and said bond I shall mature January 1, 1850" Section 4. That said special electio
 shall be held at the regular votin
 places within the City of Phoeni,
 which have been designated by ord ;, nance No. 270, as follows:
 T First Precinct: Adams street schoo z Second Precinct: Central scho, - building.
 Third Precinct: 235 North Centri
 avenue
 V Fourth Precinct: Monroe scho
 building.
 1T Fifth Precinct: Northwest cornt le Second avenue and Madison street m Sixth Precinct: City Hall. - That said election shall be conducte
 by such election officers as shall hert
 after be appointed by resolution of u ~ City Commission, and shall be COT or ducted in the manner prescribed 1 l. law and the vote shall be counted, car e. vassed and returned and the result a: If certained as provided by law.
 Section 5 The form of ballot WhiC