The border vidette., 1921-08-27

1921.
 Present: Chairman Finley and Membe Noon and Clerk, absent Member Ashburn.
 The school board of Nogales school District No. 1, appeared before the board, certifying to them, all the proceedings had in the election had and held author izing the Issuance of S6O,OOO.OO Nogales school District No. 1 bonds, and upon motion duly made, seconded and carried, the following resolution and order was introduced:
 Whereas, pursuant to an act of the legisla ture of the State of Arizona, entitled an act to pro- vide the procedure for the issuance and sale of bonds by trustees of school districts for the purpose of raising money to purchase or lease school lott; to build school houses and supply said school houses with furniture and apparatus and to improve the grounds of said school houses, and to liquidate and validate any indebtednesses al- ready incurred for such pur- poseS", approved March 12th, 1917, and amendments thereto, the board of trustees of Nogales school district number, 1, of Santa Cruz county, Arizona, has certified to this board of super visors, all the proceedings had by said school district, pursuant to said act of the legislature of the State of Arizona, for the purpose of authorizing the issue of bonds of said school district in the sun sixty thousand ($6O,- OOO.OO) dollars, for the purpose of raising money for the election of school houses and supplying the same with furniture and apparatus, and
 Whereas, it appears in and by said proceedings that an election was duly called by posting notices thereof, signed by said trustees, in three of the most public places in said school dis trict for not less than twenty days before the time of holding said election, and by publishing such notice in the Border Vidette', newspaper published in said county, not less that once a week for three successive weeks prior to the 31st day of May, 1921, and
 Whereas, it further appears in and by said proceedings that said election was duly, and in due time, form and manner, held in strict accordance with said act of the legislature of the State of Arizona, and on the 9th day thereafter, the returns of said election having been made to the said board of trustees, the said board of trustees duly made and canvaSSed said returns and tn at it then and there ap- peared to the said board of truS- tees that majority of the ballots cast at said election were in favor of issuing said bonds, and
 Whereas, the amount of said bonds, including all the existing indebtedness of said school dis trict'is less that four per cent of the value of the taxable property SdlO SCllOOl doSOL- tained by this board of supervis- ors from the last assessment for state and county purposes pre- viouS hereto.
 Now, Therefore, It Is Ordered, that negotiable coupon bonds of said Nogales school district number 1 of Santa Cruz county, Arizona, be issued in the amount of sixty thousand ($6O, ,OOO,O dollars. and that said issue shall consist of 60 bonds of the demo- minatiOn of one thousand (S1, OOO OO) dollars each, and shall be dated the 9th day of July, 1921, and shall bear interest at the rate of six per centum (6 per cenD per annum, payable semi annually, and shall be due and payable as follows: The prin- cipal of said bonds shall mature at the rate of six thousand (S6,- OOOOO) dollars, annually begin- ming July 9th, 1881, July 9th, 1910, both inclusive, both in- terest and principal of said bonds to be payable at the Con tinental and Commercial National Bank, in the City of Chicago, State of Illinois, or at the Cffice of the county treasurer of Santa Cruz county at the op. tiOn of the holder. Said bonds