Arizona republican., 1919-08-29
Legal Advertising
opnINAMrE No poo

ORDINANCE NO. 292
 AN ORDINANCE DIRECTING THE PREPARATION OF BONDS OF THE CITY OF PHOENIX TO THE AMOUNT OF $l,S00,00O.O0 AS AUTHORIZED BY ORDINANCE NO. 271. AND AS APPROVED AT THE SPECIAL ELECTION HELD ON THE 2eTH DAY OF JULY, 1919, AND PROVIDING FOR THE SALE OF SAID BONDS
 WHEREAS, under Ordinance No. Fl, providing for the issuance of bonds of the City of Pho nix, in the aggregate amount of One Million Three Hundred Thousand ($1,300 000) Dollars, the pro- seeds thereof to be used for the pur- pose of purchasing, constructing and installing water works system to supply said city with water, said works 0 be owned and controlled by said city, the city election therein provided for was held on the date therein named, to-wit: July 26, 1919, at which said election majority of the property tax payers of said City of Phoenix. who In all other respects were qualified electors in said city, voting at said election. voted in favor of the issuance of said bonds as appears by the certi- iicate duly made by the said city com mission of the said City of Phoenix on August Il, 1919. and duly recorded in he office of the county recorder of sne county of Maricopa, state of Ari- kona, and
 WHEREAS, by virtue of said ordin- ance and the result of said election, as shown by said certificate. it is now made the duty of the said city com mission of the said city of Phoenix to proceed to carry out the object of such siection.
 NOW THEREFORE. BE IT OR DAMNED BY THE COMMISSION OF THE CITY OF PHOENIX, AS FOL- LOWS:
 Section 1. That the city manager is hereby directed to have prepared bonds of the city of Phoenix. county Of Maricopa, state of Arizona, in the az gregate sum of one million three hun- dred thousand (s1,300,0G0) dollars, to be numbered consecutively from one CD to thirteen hundred (1S00) in- elusive, and to bear the date of the Issuance thereof which shall be the date when the same shall be executed by the mayor and city clerk. Said bonds shall bear interest at the rate of five (5) per cent per annum, payable seni-annually on the first days of Jan uary and July respectively, of each N6dI. 1uey SHdu DS 1ildUG pdydD1e IO bearer and coupons for the interest shall be attached to each of said bonds 30 that the same may De removed therefrom without mutilating the bonds, and each of said bonds shall be signed by the mayor and attested by the city clerk, and each of said coupons shall bear a fac-simile of the signatures of the said mayor and city clerk a5 such signature appear on said bonds. Both the principal and the interest on said bonds shall be made payable in gold coin of the United States of America, of the present standard of weight and fineness, at some bank in the city of New York state of New York, or at such place as may be agreed upon by and between the mayor and the purchaser or pur- chasers of said bonds The place of payment thereof, if so agreed upon, to be mentioned in said bonds.
 The form of said bonds shall be substantially as follows:
 WATER WORKS BOND
 OF THE
 CITY OF PHOENIX
 s1,OoO.0O No. .... The City of Phoenix, state of Ari- gona, for value received, promises to pay the bearer the sum of One Thou sand (s1,000) Dollars in gold coin of the United States of America, Of the pres ent standard of weight and fineness. on the first day of January, 1850, with interest thereon at the rate Of five (5) per cent per aEnum, payable semi an nually on the first days of January and July of each year, upon presenta tion and surrender of the annexed coupons as they severally mature, both principal and interest being pay able at some bank in the City of New York, stale of New York, tor such place as may be agreed upon.
 This bond is one of a series of thir- teen hundred bonds of like tenure and denomination, numbered from one to thirteen hundred inclusive, issued under and by virture of the provisions of the constitution and laws of the state of Arizona and particularly of the provisions of Chapter Il, Title 52, Revised Statutes of Arizona, 1913, and of an ordinance of the city commission of the city of Phoenix duly passed, approved and published. The issue hereof has been authorized at an cleo ton duly had and held in accordance with the provisions of said constitu- ton and of said laws, and also of said ordinance, at which election a major ity of the property tax payers of said city, who were in all other respects qualified electors of said city. voting at said election. voted affirmatively for the issue hereof.
 It is hereby certified that every re- quirement of law as related to the is- sue hereof has been duly compiled with and that this bond and the debt created hereby is fully authorized and prescribed by law.
 IN WITNESS WHEREOF, the said city of Phoenix has caused this bond to be signed by its mayor and at tested by it's clerk, and the seal of said city to be hereto attached, and the said interest coupons to be signed by the fac-simile signatures of the said mayor and city clerk, this. ........ day Of -...-.--..-..-...,1 1919.
 
 Mayor. Attest:
 .ss......-.'...'...
 City Clerk
 Form of Coupon)
 ss5.oo
 On the first day of tJanuary) (July) I9...., the city of Phoenix. state of Arizona. will pay the bearer $25.00 in gold coin of the United States of America. of the present standard oI weight and fineness, at the office oi the city treasurer in the said city of Phoenix, Maricopa county, state of Ari- zona, tor al such place as may be agreed upon by the mayor and pur- c.. .-s-. kl.. s4.