The Coconino sun., 1922-12-08

unto set my hand and affixed the sea
 of the Town of Flagstaff, Coconinc
 County, Arizona, this ............ day of
 ........-..............., A. D. 1922.
 (SeaD
 
 Clerk of the Town of Flagstaff
 Coconino County, Arizona.
 Section 1. That each of the bonds hereby authorized shall be signed by the Mayor and Town Clerk of said Town, sealed with the corporate seal Of the sad Town, which seal shall be impressed thereon and each of the in- tercst coupons to be attached to each of said bonds shall be executed by the engraved fac-simile signatures of the said Mayor ana Town Clerk and the officers in this paragraph mentioned are hereby authorized, ordered and di- rocted to cause said bonds and cou- pOns to be prepared substantially in the forms respectively herein set forth and to execute the same as herein pro- vided for and on behalf of said Town, and after their execution and before said bonds are delivered to the pur- chasers thereof, they shall be record ed by the Town Clerk in public record book kept for the purpose in his office, which shall show that said bonds were issued by said town, the amount Of each bond, it's number, date Of issuance, time and place of pay uent, rate of interest, number of in- terest coupons attached, name and postoffice address Of the purchaser and any further description thereof for future Identification.
 Section 5. That the sale and award of said bonds to Bankers Trust Com pany, Sidlo, Simons, Fels & Company and Benwell, Phillips & Company, of Denver, Colorado, is hereby rati- fled, approved and confirmed, the said sale being for a price of not less than par value of said bonds with all inter est thereon to the date of their deliv- cry, and when prepared, executed and recorded as herein provided, said bonds shall be by the town treasurer of said town delivered to the lawful purchaser thereof upon receipt of the agreed purchase price therefor; the said purchase price to be held by the town treasurer and used exclusively for the purpose of which said bonds were authorized to be issued and when so executed, recorded, issued and delivered to the lawful purchaser said bonds and each of the coupons thereto attached shall constitute a binding and ir- revocable contract between said town and the purchaser and holder from time to time of any of said bonds or interest coupons and their legality, or the legality of any of the proceedings authorizing their issu- lnce shall not thereafter be open to question or contest by said town or Jy any one for it or in its behalf. 1
 Section 6. That the interest falling lue on said bonds on the 1st day of May, 1923, and on the 1st day of No- yember, 1923, shall be paid from the general or expense funds of said Town, or from any other funds be- onging to said Town and available {. .or that purpose, and for the purpose ,f reimbursing such fund or funds and funds with which to pay he interest accruing on said bonds af- CT the 1st day of November, 1929, promptly when and as the same be- :Omes due and is payable and for the purpose of providing Q sinking fund with which to pay the principal mount of said bonds as they respect vely mature, there shall be levied on Ill of the taxable property in said Town, the following direct annual, ad 'alorem tax, to-wit:
 In the year A. D. 1923, a tax suf icient to produce the net sum of $9,- 07.0O, being S7,2O0 for interest and 2,30700 for principal.
 In each of the years A. D. 1924, A. ). 1886, both years inclusive, tax ufficient to produce in each year ct sum of S5,90700, being $3,600 or interest and s2,3o7.00 for prin- ipal.
 In each of the years A. D. 1887 to l. D. 194S, tax sufficient to pro- uce in each year for principal and lterest, the following net amounts: 'ears Interest Principal Total 937 $3,600 $2,307 S5,907