Arizona republican., 1919-06-30
Legal Advertising
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 PROF.
 OSITION OF RECURRING 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
 PUR c H 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 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 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 a waterworks system, and
 WHEREAS, 1t is provided by Chapter ?, 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 1 taxpayer of the City of Phoenix, who 1 in all other respects shall be qualified electors in said City, for their deter mination; NOW, THEREFORE | BE IT ORDAINED BY THE COMMIS- l 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 providedi 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- teTn to be owned and controlled by sait City; that said bonds shall bear tht 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 iron one to thirteen hundred, both inclusive they shall be payable to bearer and beal interest as evidenced by coupons at tached thereto at the rate of per cen per annum, payable semi mi-annually or the first days of January and July | beginning January 1, 1920, at somt bank in the City of New York, Stat ! of New York; said bonds shall b. 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 a special election b. 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. 1918 for the purpose of determining whethe such indebtedness in such amount shal be authorized.
 { Section 3. That at said special cleo ton the following question shall be, an,
 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 c f Phoenix, Maricopa county, State c : 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 c said taxable property of the City C : Phoenix, by issuing negotiable coupe
 bonds of said City in the amount (
 One Million Three Hundred Thousan
 Dollars, for the purpose of acquirin :, funds for the purchase, constructio ! and installation of a waterworks sys ' tenn, to be owned and controlled eX T 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 eacf | which bonds shall bear the date of the
 issuance; shall be payable to beare :; and bear interest as evidenced by cot | pons attached thereto at the rate
 per centum per annum, payable sem
 annually on the first days of Janual .> and July beginning January 1, 1920, n some bank in the City of New Tor 7 State of New York, and said bonC 3 shall mature January 1, 1850" oe Section 4. That said special electic = shall be held at the regular votir
 places within the City of Phoeni
 which have been designated by ord V nance No. 270, as follows;
 First Precinct: Adams street scho, n Second Precinct; Central scho = building.
 n; Third Precinct: 2s5 North Centr U avenue.
 Fourth Precinct: Monroe scho
 building.
 Fifth Precinct: Northwest corn
 Second avenue and Madison street
 Sixth Precinct: City Hall.
 f That said election shall be conduct = by such election officers as shall her
 after be appointed by resolution of t
 City Commission, and shall be co ~ ducted in the manner prescribed er law and the vote shall be counted, ca i'd vassed and returned and the result a III certained as provided by law. h Section 5. The form of ballot whi k shall be provided by the City Gle - to be used at said election s1all ur substantially as follows: