The copper era and Morenci leader., 1919-04-25


 Town Clerk of the Town of Clifton, County of Greenlee, State of Arizona
 (SeaD
 Said bonds shall be promptly pre- pared and executed as provided by law and shall be delivered by the Con- County of Greenlee, State of Arizona, to the lawful purchaser thereof in accordance with law and the contract of purchase made to that end, and the amount of bonds sold, their numbers and dates shall be entered upon the minutes of the Common Council of the said Town of Clifton, County of Greenlee, State of Arizona. and the proceeds derived from the sale of said bonds shall be used exclusively for the purpose of said bonds as herein before set forth, but the purchaser of said bonds shall in no wise be re- | sponsible for the application of the proceeds of the said bonds by the said Town of Clifton or any of it's officers. | It is further ordered that at the time of making the levy of taxes for Town purposes, the Common Council of the Town of Clifton shall annuallyfor fif- teen years from the date hereof levy tax upon the taxable property within the corporate limits of said Town of Clifton sufficient to pay the interest on said bonds, and shall annually levy a tax upon the taxable property within the corporate limits of the Town of Clifton sufficient to pay the principal sum of each bond maturing during the year such tax is levied, and said tax collected shall constitute separate funds for the payment of principal and interest of said bonds respective ly, and shall be called respectively Interest Fund" and Redemption Fund.- Said funds shall be kept for
 and applied solely to the purpose of the payment of the interest on said bonds, and for the redemption of said bonds according to the number of their issue, and for no other purpose whatsoever, until the indebtedness so contracted under this order, principal and interest, shall have been fully paid, satisfied and discharged; but nothing herein contained shall be so construed to prevent the said Common Council of the Town of Clifton from applying any other funds that may be in the treasury of the said Town of Clifton, and available for that purpose, to the payment of the principal or in- terest as the same respectively ma ture, and the levy or levies of taxes herein provided for may to that ex- i tent be diminished.
 l. That public notice be given of the intention of the Common Council of the Town of Clifton to issue, negotiate and sell such bonds herein specified; that sealed proposals will be received by the Common Council of the Town of Clifton for the purchase of said bonds on Tuesday, the first day of July, A. D. 1919, at the hour of 10 o'clock A. M. of said day, and that the Common Council of the Town of Cliff. ton will at such time, at a meeting to be held for said purpose, open all seal ed proposals received by them and award the purchase of said bonds to the highest and best responsible bid der; provided, however, that none oi said bonds will be sold for a less amount than par with accrued in terest.
 A copy of this order shall be pub lished for at least four consecutive weeks before said sale in the Copper Era, a newspaper designated by the Mayor of the Town of Clifton, being a newspaper printed and published in the said Town of Clifton and of gen eral circulation therein, together with notice that sealed proposals will be received by the said Common Council of the Town of Clifton for the pur chase of said bonds on the day and hour named in this order, which no tice shall be in substantially the fol lowing form:
 Notice of Bond Issue and Sale
 Notice is hereby given that the Common Council of the Town of Cliff ton, County of Greenlee, State of Ari zona, intends to issue, negotiate anG sell on Tuesday, the first day of July A. D. 1919, at the hour of 10 o'clock A. M. of said day, at the Town Hal in the Town of Clifton, County o Greenlee, State of Arizona, negotiable coupon bonds of said Town in tht aggregate amount of Fifteen Thousand ($15, 5,000.0O) Dollars for the purpose O ' acquiring funds for the construction O g Town Hall and a Town Jail within the said Town of Clifton, and the pur chase of lands ard property necessar! therefor; said bonds will consist n fifteen (15) bonds in the denomination of One Thousand ($1 100000 Dollars each, payable in gold coin of th' United States of America, of or equa to the present standard of weight an( fineness, bearing date and bearin: