The Winslow mail., 1922-10-27

WHEREAS, Under Ordinance No. 109,
the issuance of bonds of the Town
of Winslow, State of Arizona, in the
aggregate amount of S8,000.00, the
proceeds thereof to be used for the
purpose of building and constructing
@ City Hall, including Jail and Ca
rage. on Lot. No. z, in Block 8, OF
the said Town of Winslow, now
owned by said Town, special cleo
ton of the property taxpayers of the
said Town of WinslCw, who, in all
other respects are qualified electors
of said Town of Winslow, was held on
the second day of September, 1922, at
which election there was submitted
the proposition of the creation OF said
indebtedness by the issuance OF SAID
bonds for said purpose, and.
WHEREAS, At said election a ma
jority of said property taxpayers
voted in favor of the creation of said
indebtedness by the issuance Of said
bonds as fully appears by the certifi-
cate duly made by the members OF
said Common Council of the said
Town of Winslow, on the 18th day OF
September, 1922, and which certificate
is duly recorded in the office OF the
County Recorder of the County OF
Navajo, State Of Arizona, and
WHEREAS, BY virtue Of said ordi-
nance and the result of said election
as shown by said certificate, it is
now made the dtuy of said Common
Council of the said Town Of Wins
low to proceed to carry out the OBJ
ject of said election.
NOW, THEREFORE,
BE 1T ORDAINED BY THE COM
MON COUNCIL OF THE TOWN OF
WINSLOW, AS FOLLOWS:
Section /. That the Town Clerk
of the Town of WinslOw is hereby di-
rected to have prepared bonds Of the
Town Of Wisnlow, State Of Arizona,
in the aggregate amount of $S,0OO.00,
OF the denomination of $1,OOO.0O each,
to be numbered consecutively from
to inclusive, to bear the date OF the
issuance thereof, which, shall be the
date of November l, 1922, when the
same shall be executed by the Mayor
and Town Clerk: said bonds shall
bear interest at the rate of six 10 per
cent? 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 ten years after the date
of their issuance. They shall be
made payable to bearer and coupons
for the interest thereof shall be at
tached to each Of said bonds so that
the same may be removed therefrOm
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 signatures Of
the said Mayor and Town Clerk as
such signatures shall appear on each
OF 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 stan
dard of weight and fineness, at the
office of the Town Treasurer of the
Town of Winslow, Navajo County,
State of Arizona, or at such place as
may be agreed upon by the Mayor of
said Town of Winslow and the pur-
chaser or purchasers of said bonds;
the place of payment thereof, if so
agreed upon, to be mentioned in said
bonds.
The form of said bond shall be
substantially as follows:
CITY HALL BOND OF THE TOWN
OF WINSEOW, ARIZONA.
100000. No. ........
The Town of Winslow, State OF Ari-
zona, for value received, promises to
Pay the bearer the sum Of One Thou
sand (1,00000) Dollars i'll gold coin
OF the United States of America Of
the present standard of weight and
fineneSS, on the -- day
of --- ID,