The Winslow mail., 1920-06-25

4
light and heat; that to provide the
funds for the purchase and acquisition
OIL said plant it is necessary that an is
sue of bonds of the Town of WinsIow
IN the aggregate sum of Thirty Thou
sand ($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 the
said property taxpayers as hereinaf-
ter provided bonds of the Town of
Winslow shall be issued in the aggre-
Igate sum of Thirty Thousand $3.50 .OOO)
Dollars and the proceeds of the sale
thereof shall be used for the purpose
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 and heat, and to provide re-
serve fund for improvement and main
tenance of said plant; that said bonds
shall bear the date of their issuance
md be due and payable ten Q0l If
said tonds ten years after dale ten If
| said bonds shall be due and payable
ntteen years afte date, and ten (10)
Of said bonds shrall be due and pay
able 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-annually on the
First days of July and January res
pectlvely of each year; Said bonds
shall be numbered consecutively from
one to thirty. inclusive, and shall be
signed and attested by the Mayor and
Town Clerk; said bonds shall be pay
able to bearer and coupons for the in
terest shall be attached to each of
said bonds SO that the same may be
removed therefrom without mutilating
the bonds and each of said coupons
shall bear facimile of the signature
OF the Mayor and Town Clerk, as said
| signatures appear on said bonds.
| Sect. 3. That 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 be
| in all other respects be qualified cleo
tors in and for said Town. the ques-
ton whether the Indebtedness of said
Town shall be incurred by the is
suance of said bonds in the sum of
Thirty Thousand ($300OO) Dollars.
which said sum is not in excess of
four per cent of taxable property in
said Town, the proceeds thereof to be
used as aforesaid for the purpose of
purchasing and acquiring of the Gas
Plant, it's equipment. distributing sys--
tenn and franchise in connection
Herewith now owned by the Winslow
Gas, Light and Heat Company, cor
poration, to supply said Town with
gas for the purpose of light and heat,
| Isaid plant to be owned and controlled
by said town.
Sect. 4. That said special election
| shall be held at the regular voting
place within the Town of Winslow
to-wit: the City Hail. and shall be
conducted by such election officers
las shall hereafter be appointed by
Resolution of the Common Council of
said Town, and shall be conducted in
the manner prescribed by law, and
| the vote shall be counted. canvassed
and returned and the result ascer-
tanned as provided by law. The form
of the proposition SO to be submitted
shall be as follows:
Shall the Indebtedness of said Town
of Winslow be incurred by the issu-
ance of bonds of said Town of Win
slow, the proceeds of the sale thereof
to be used fore tn purpose of purchas-
ing and acquiring the Gas plant, its
equipment and distributing system
and franchise in connection there
with, now owned by the Winslow Gas,
Light and Heat Company, a corpora
ton. and to provide a reserve fund
for the improvement and maintenance
of said plant: to supply said town
with gas for the purpose of light and
heat. which said plant is to be owned
and controlled by said Town
said bonds to be in the aggregate sum
lof Thirty Thousand ($30000) Dollars.
to be in denominations of One Thou
sand dollars and shall be due and
payable ten (1O) of said bonds ten
years after date, ten QO) of said
bonds shall be due and payable fif-