The Winslow mail., 1920-07-02
ORDINANCE NO. 81

GAS FOR THE PURPOSE OF
LIGHT AND HEAT, AND THE
FRANCHISE IN CONNECTION
THEREWITH. BEING. THE PRO-
PROPERTY OF THE WINSLOW
GAS. LIGHT AND HEAT CO.. A
CORPORATION. SAID PLANT TO
BE OWNED AND CONTROLLED
BY SAID TOWN, AND THE CALL
ING> OF A SPECIAL ELECTION OF
THE PROPERTY TAXPAYERS OF
SAID TOWN OF WINSLOW. WHO
SHALL IN ALL OTHER RE-
SPECTS BE QUALIFIED ELEC-
TORS IN SAID TOWN FOR THE
PURPOSE OF DETERMINING
WHETHER SUCH INDEBTED
NESS SHALL BE AUTHORIZED +
BE 1T ORDAINED BY THE MAYOR
AND COMMON COUNCIL OF THE
TOWN OF WINSLOW.
Sect. l. That the public interest
demands the purchase and acquisition
OF the Gas Plant. It's equipment and
distributing system and franchise in
connection Herewith, now owned by
the Winslow Gas. Light and Heat
Company, a corporation, to be owned
and controlled by the Town of Win
slow for the purpose of supplying
said town with gas for the
purpose Of light and heat;
That to provide the funds for the pur-
chase and acquisition of said plant it
is necessary that an issue of bonds of
the Town of Winslow in the aggregate
sum Of Thirty Thousand ($30,000)
Dollars be made with assent of a
majority Of the property taxpayers
of said Town, who are in all other
respects qualified electors of said
Town as by law provided.
Sect. 2. That with the assent of the
said property taxpayers as hereinaf
ter provided bonds Of the Town of
Winslow shall be issued in the aggre-
gate sum of Thirty Thousand ($30,000)
Dollars. and the proceeds of the sale
thereof shall be used for the purposel
of purchasing and acquiring said gas
plant to be owned and controlled by|
the said Town to supply the said
town with gas for the purpose of
light mad heat. and to provide reser-
We fund for Improvement and mainte-
nance of said plant; that said bonds
shall bear the date of their issuance
and be due and payable ten (10) oil
said bonds ten years after date.
ten (10) of said bonds shall be due
and payable fifteen years after
date. and ten (1O) Of said bonds bel
due and payable twenty years after
date. They shall be in denominations
of one thousand dollars each and shall
bear interest at the rate of six per
cent per annum. payable semi-annual-
ly on the First days of July and Jan
uary respectively of each year; said
bonds shall be numbered consecutive
ly from one to thirty. inclusive. and
shall be signed and attested by the
Mayor and Town Clerk: said bonds
shall be payable to bearer and cou-
pons for the interest shall be attach
ed to each of said bonds so that the
same may be removed therefrom with
out mutilating the bonds and each of
said coupons shall bear facsimile of
the signature of the Mayor and Town
Clerk. as said signatures appear on
said bonds.
Sect 8. That a special election is
hereby ordered to be held in said
Town of Winslow, State of Arizona,
on the oath day of July, 1920, for the
purpose of submitting to the property
taxpayers of said Town who shall in
all other respects be qualified electors
in and for said Town, the question
whether the Indebtedness of said
Town shall be incurred by the
issuance of said bonds in the sum of
Thirty Thousand ($3O.OOO) Dollars,
which said sum is not in excess of
four per cent of taxable property in
said Town. the proceeds thereof to be
used for as aforesaid for the purpose
of acquiring the Gas Plant. it's
equipment. distributing system and
franchise in connection Herewith now
owned by The Winslow Gas. Light
and Heat Company. corporation. to
supply said Town with gas for the
purpose of light and heat. said plant
to be owned and controlled by said
Town.
Sect. A. That said special election
shall be held at the regular voting
place within the Town of Winslow
to-wit: the City Hall, and shall be