Arizona republican., 1919-07-18
Legal Advertising
ORDINANCE NC. 271

- ! | 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 PURC ASING, CONSTRUCTING 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 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 sad City, and
 
 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- and Dollars, for the purpose of pur- chasing, constructing and installing waterworks system, and
 WHEREAS, it is provided by Chapter 2, Title S52, 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 ol 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- SION OF THE CITY OF PHOENIX, 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 $500, 100000, and the proceeds of the sale thereof shall be used for the purpose of purchasing, construct ing and installing a waterworks Sys- tcrn to be owned and controlled by said City; that said bonds shall bear the date of their issuance and shall mature January 1, 1950 they shall be in the denomination of S1,O00.00 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- tacheG thereto at the rate of per cent per annum, payable semi annually on the first days of January and July, beginning January 1, 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 ?. That a special election by the property tax payers 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 18th day of July, A. D. 1919, for the purpose of determining whether such indebtedness in such amount shall be authorized.
 Section 8. 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 all 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 of 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 centun of the value of the taxable property of said City. but not in excess of fifteen per centum of the value of said taxable property of the City of Phoenix, by issuing negotiable coupon bonds of said City in the amount of 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 thirteen hundred, both inclusive, in denomina- tions of One Thousand Dollars each; which bonds shall bear the date of their issuance; shall be payable to bearer, and bear interest as evidenced by cou- I'Ons attached thereto at the rate oi 5 per centum per annum, payable semi- annually on the first days of January and July beginning January 1, 1920, at some bank in the City of New York. State of New York. and said bonds shall mature January l. 1950."
 Section 4. That saId special election shall be held at the regular voting places within the City of Phoenix, which have been designated by ordi- nance No. 270, as follows:
 First Precinct: Adams street school Second Precinct: Central school building.
 Third Precinct: 2s5 North Central avenue.
 Fourth Precinct: Monroe school building.
 Fifth Precinct: Northwest corner Second avenue and Madison street
 Sixth Precinct: City Hall.
 That said election shall be conducted by such election officers as shall here after be appointed by resolution of the City Commission, and shall be con- ducted in the manner prescribed by law and the vote shall be counted, can vassed and returned and the result as- certained as provided by law.
 Section 5. The form of ballot which shall be provided by the City Clerk to be used at said election shall be substantially as follows:
 OFFICIAL BALLOT
 City of Phoenix, Maricopa County,
 State of Arizona
 Election - July 26. 1919.
 QUESTION SUBMITTED
 Shall the Commission of the City
 of Phoenix, Maricopa County, State
 of Arizona, be authorized to create
 an indebtedness for and op behalf