The Coconino sun., 1922-12-22
(Form of Bond) UNITED STATES OF AMERICA STATE OF ARIZONA COUNTY OF COCONINO TOWN OF FLAGSTAFF
PARK BOND

PARK BOND
 KNOW ALL MEN BY THESE PRESENTS, That the Town of Flag , staff, of Coconino County, Arizona : acknowledges itself to owe and fol value received hereby promises to pay to the bearer hereof the principal sun of
 ONE THOUSAND DOLLARS
 on the first day of November, A. D.
 19-, together with interest on said
 sum from the date hereof until paid
 at the rate of six per centum per an
 mum, payable semi-annually on the
 first days of May and November, re-
 spectively, in each year, as evidenced
 by and upon the presentation and
 surrender of the interest coupons
 hereto attached as they severally be-
 come due; and both the said principal and interest are hereby made payable in lawful money of the United States
 of America at the Mechanics & Met
 als National Bank in the City and
 State of New York, U. S. A.
 This bond is issued by said Town for the purpose of providing funds with which to purchase ground for a public park and improve and beautify the same in and for said Town, pur- suant to the vote of majority of the property taxpayers of said Town, who in all other respects are qualified electors thereof, present and voting at an election duly called and held for that purpose, prior to the issu- ance of this bond, and under, by virtue of, and in all respects in full and strict compliance with the constitu- tion and Chapter of Title 52, Revis- ed Statutes of Arizona, 1913, all laws amendatory thereof and supplement tary thereto, and an ordinance of the council of said town duly adopted prior to the issuance of this bond.
 And it is hereby certified, recited and warranted that said Town has been for some years past and is now a body polite and corporate with the general powers of corporation, duly organized, existing and operating as a Town under and by virtue of the constitution and laws of the State of Arizona, and is now and always has been under the control of a duly or ganized town council as the duly con- stituted corporate authority thereof; that all things, acts and conditions re- quired by the constitution and laws of the State of Arizona to exist and to happen and be done and perform ed precedent to and in the issuance of this bond, in order to constitute the same the valid and binding obligation of said Town, do exist and have hap pened and been done and performed in regular and due form and time; that the total indebtedness of said Town, including this bond, does not exceed any constitutional or statutory limitation; and that due provision has been made for the levy, assessment and collection of a direct annual ad valorem tax on all of the taxable property of said Town, in addition to all other taxes, sufficient to pay the interest accruing upon this bond promptly when and as the same be- come due and to establish sinking fund with which to discharge the prin- cipal hereof at maturity.
 The faith, credit and all of the taxable property of said Town are hereby irrevocably pledged for the ranctual payment of the interest and redemption of the principal of this bond, respectively, as the same be- comes due and payable as aforesaid.
 In Testimony Whereof, The, Town of Flagstaff, of Coconino County, Ari- zona, by it's council, has caused this bond to be signed by the Mayor and Town Clerk of said Town, sealed with the corporate seal of said Town, and recorded by said Clerk, and each of the attached interest coupons to be signed with the engraved fac-simile of the said Mayor and town clerk, the first day of November, A. D., 1922.