The Winslow mail., 1920-08-20

Council of the said Town of Winslow !
to proceed to carry out the object of /
said election.
NOW THEREFORE,
BE IT ORDAINED BY THE COMMON
COUNCIL OF THE TOWN OF WIN !
SLOW, AS FOLLOWS:
Section 1. That the Town Clerk of
the Town of Winslow, is hereby di-
rected to have prepared bonds of the
Town of Winslow. State Of Arizona,
in the aggregate sum of $3000000, of
the denomination of 100000 each, to
be numbered consecutively from 1 to
80 inclusive, to bear the date of the
issuance thereof, which shall be the
date of September 18th, 1920, when
the same shall be executed by the
Mayor and Town Clerk, said bonds
shall bear interest at the rate of 6
per cent per annum, payable semi
annually on the first days of January
and July, respectively, of each year
They shall be made due and payable
as follows: ten (10) of said bonds
numbered from l to 10, inclusive
shall be due and payable ten Q0)
years after the said date of issuance;
ten 10) Of said bonds numbered from
IL to 20 inclusive, shall be due and
payable fifteen (15) years after date
of issuance, and ten (10) of said bonds
numbered from 81 to 80 inclusive,
Shall be due and payable twenty (20)
years after the date of issuance They
shall be made payable to bearer and
coupons for the interest thereof shall
be attached to each of said bonds so
that the same may be removed there
from without mutilating the same,
and each of said bonds shall be signed
| by the Mayor and attested by the
| Town Clerk, and each of said coupons
| shall bear a facsimile of the sigma
| lures of the said Mayor and Town
| Clerk as such signatures shall appear
| on said bonds. Both principal and
| 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
the office Of the Town Treasurer of
the Town of Winslow, Navajo Coun-
ty, State of Arizona, or at such place
as may be agreed upon by and be-
tween the Mayor of said Town Of
Winslow and the purchaser or pur-
chasers of said bonds. The place of
payment thereof il so agreed upon,
to be mentioned in said bonds.
The form il said bonds shall be
substantially as follows:
GAS BOND OF THE TOWN OF
WINSLOW, ARIZONA.
100000 No.....
The Town of Winslow, State of Ari-
zona, for value received, promises to
pay to bearer, the sum of One Thou
sand ($1,O00.00) Dollars in gold coin
Of the United States of America of
the present standard of weight and
fineness, on the ......day of..........,
49,, with interest threon at the rate
OF per cent per annum, payable
semi-annually on the first days of
January and July Of each year upon
presentation and surrender of the an
nsxed coupons as they seyerally ma
ture. both principal and interest be-
ing payable at the office of the Town
Treasurer in the said Town of Win
slow, Navajo County, State of Arizo-
ma (or such place as may be agreed
upon by the Mayor and purchaser).
This bond is one of a series of
thirty (30) bonds of like tenure and
denomination, numbered from 1 to 80
inclusive, issued under and by virtue
OF the provisions Of the constitution
and laws Of the State of Arizona, and
particularly Of the provisions of
Chapter 2, Title 81. Revised Statutes
Of Arizona, 1913, and of an ordinance
Of the said Town of Winslow, State
Of Arizona, duly passed, approved and
published. The issuance hereof has
been authorized at an election duly
and lawfully had and held in accord
ance with the provisions of the con-
stitution and laws of the State of Ari-
| zona and also of said ordinance. at
| which election O majority Of the pro-
L perty taxpayers of said Town who
were in all other respects qualified
| electors Of said Town voting at said
election, voted affirmatiyely for the
issue hereof
1t is hereby certified that every re-
quirement of law as related to the is
suance hereof has been duly complied
with and that this bond and the debt