Graham guardian., 1920-01-23
Of the Board of Supervisors oil

Loiid, anu JIle pTOCeeuS ueTlNcu
from the sale of said bonds shall
be used exclusively for the pur-
pose of said bonds as hereinbe-
fore set forth, but the purchaser
of said bonds shall in no wise be
responsible for the application of
the proceeds of said bonds by
said Graham county, or any of
its officers.
And it is further ordered that
at the time of making the levy
of taxes for county purposes, the
Board of Supervisors shall an
nually for twenty years from the
date hereof. levy a tax upon the
taxable property in said Graham
county, sufficient to pay the in
terest on said bonds and shall
annually levy a tax upon the tax
able property in said Graham
County, sufficient to pay a pro-
portion of the principal equal to
a sum produced by taking the
whole amount of said bonds out
standing and dividing it by the
number of years said bonds have
to run.
And said taxes collected shall
constitute separate funds for the
payment of interest and the prin-
cipal Of said bonds respectively
and shall be called respectively
the Interest Fund" and the
Redemption Fund. =
Said funds shall be kept for
and applied solely to the purpose
of the payment of the interest
Ion said bonds and for the re-
denption of said bonds accord
ing to the number of their issue
and for no other purposes what
ever, until the Indebtedness so
contracted under this order, prln-
cipal and interest, shall have
been fully paid, satisfied and dis
charged; but nothing herein con
tanned shall be so construed as to
prevent said Board of Supervisors
from applying any other funds
that may be in the treasury of
the county and available for that
purpose, to the payment of the
principal or interest as the same
respectively mature and the levy
or levies herein provided for may
to that extent be diminished.
That public notice be given of
the intention of the Board of Su-
pervisors to issue. negotiate and
sell such bonds herein specified;
that sealed proposals will be re-
ceived by the Board of Supervis-
ors for the purchase of said
bonds on Monday, the I'd day of
February. 1920, at the hour of
200 O'Clock p. m. of said day,
and that the Board of Supervis-
ors will, at such time, at a meet
ing to he held for such purpose,
open all sealed proposals received
by them and award the purchase
of said bonds to the highest and
best bidder; provided, however,
that none of said bonds will be
sold for a less amount than par
with accrued interest.
A copy of this order shall be
published for at least four con-
secutive weeks, before said sale,
in the Gila Valley Farmer, a
newspaper designated by the
Board of Supervisors, being a
newspaper published in the Town
of Pima, and of general circula-
tion in this county, together with
notice that sealed proposals will
be received by said Board of Su-
pervisors for the purchase of
said bonds on the day and hour
named in this order, which notice
shall be substantially in the fol-
lowing form:
Notice of Bond Issue and Sale
Notice is hereby given that the
Board of Supervisors of Graham
County. Arizona, intends to issue,
negotiate and sell on Monday,
the I'd day of February, A. d.
1920, at the hour of 200 O'Clock
p. M, at it's office in Stafford,
Graham County, Arizona, the
negotiable coupon bonds of said
county, in the aggregate amount
of Two Hundred Fifty Thousand
($250, 000.00) Dollars, for the
purpose of acquiring funds for
the reconstruction of the present
highways of said county and con-
structing new highways as en-
bodied in thirteen different pro-
jects recommended by the Gra-
ham County Highway Commits
sion, in its report filed in the
office of the Board of Supervisors
of Graham County, Arizona, on
November 3, 1919.
Said bonds will consist of two
hundred bonds in the denomina-
tion of 81. 100000 each. and one
hundred bonds in the denomina-
tion of Five Hundred $500. 00)
Dollars each, payable in gold
coin of the United States of
America, of or equal to the pres