The Winslow mail., 1922-08-11

WlHSIOW, now owned DV Sald 1OWn
Of Winslow: that to provide funds
for the building and constructing
said City Hall it is necessary that
an issuance of bonds of the Town
OF Winslow, in the aggregate
amount Of Eight Thousand ($S,0OO)
Dollars, be made, with the assent of
a majority of said property tax
payers of said Town. who are in all
other respects qualified electors of
said Town as by law provided.
Sec g. That with the assent of
said property taxpayers as herein
after provided, bonds of the Town
Of Winslow shall be issued in the
aggregate amount of Eight Thous-
and ($8,O00) Dollars, and the pro-
ceeds of the sale thereof shall be
used for the purpose of building
and constructing said City Hall. to
be owned by said Town, on Lot
Seven CO, Block Eight (8) of the
Town of Winslow; that said bonds
shall bear the date Of their issu-
ance and be due and payable ten
'10) years after date: they shall be
n denominations of One Thousand
$1,000 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 Jan
larry respectively of each year: said
bonds shall be numbered consecu-
lively from one to eight inclusive,
and shall be signed and attested by
The Mayor and Town Clerk: said
bonds shall be payable to bearer
and coupons for the interest shall
De attached to each of said bonds
SO that the same may be removed
therefrom without mutilating the
shall bear q facsimile of the sigma
lures of the Mayor and Town Clerk
as said signatures appear on said
bonds.
Sec. g. That the interest falling
due on said bonds in the year 1923
shall be and same is hereby order
ed to be appropriated out of the
general fund tax levied by said
Town in the year 1922: and for the
purpose of reimbursing said general
fund for the amount so taken from
t, and of providing sufficient funds
to meet the interest falling due on
SISAo OOhoo, subsequently, W tIO yCdl
1928, promptly when and as the
same accrues, and also of creating
and maintaining a sinking fund for
the discharge of the principal
of said bonds at the date of
their maturity, there shall be
and there is hereby levied upon all
taxable property in said Town of
Winslow, in addition to all other
taxes, the following annual tax, to-
wit:
For the year 1923 a tax sufficient
Hundred Eighty Dollars, same being
Four Hundred Eighty Dollars for
the interest and Nine Hundred Dol
lars for principal; for each of the
years 1922 to 1882, both inclusive
a tax sufficient to prodnce the sum
CT Twelve Hundred Eighty Dollars
same being Four Hundred Eighty
Dollars for interest and Nine Hun
dred Dollars for principal.
Said annual tax shall, in each of
said years, be extended on the tax
rolls, and collected by the same Of
ficers, in the same manner and at
the same time as the taxes for gen
eral town purposes for said town in
that year are extended and collect
ed; and all funds therefrom shall be
placed in seperate fund to be de-
signated City Hall Bonds of 1922
Fund, which shall be irrevocably
pledged to and used for the peyment
Of interest on and pricipal of said
bonds when due, so long as any OF
the said bonds or the interest coup
ons thereto appertaining remain
outstanding and unpaid.
Sec 4. That a special election is
hereby ordered to be held in said
Town of Winslow, State of Arizona
on the End day of September, 1922
for the purpose of submitting to the
property taxpayers in said Town
who shall in all other respects be
qualified electors in and for said
Town, the question of whether the
Indebtedness of said Town of Wins
low shall be incurred by the issu-
ance of said bonds in the sum OF
Eight Thousand ($8,000) Dollars
which said sum is not in excess OF
four per cent of the taxable proper
ty in said Town; the proceeds
thereof to be used as aforesaid for
the purpose of building and con-
structing a City Hall including a
garage and JAIL on Lot Seven CD
Block Eight (8) of the Town OF
Winslow, now owned by said Town
Sec. 5. That said special election
shall be held at the regular voting
place within the Town Of Winslow
to-wit The City Hall, and shall be
conducted by such election officers
as shall hereafter be appointed by
resolution of the Common Ciuncil OF
said Town, and shall be conducted
in the manner prescribed by law,
and the vote shall be counted, can
vassed and returned, and the result
ascertained as provided by law. The
form of the proposition so to be sub
mitted shall be as follows:
Shall the Indebtedness of the said
Town of Winslow fe incurred by is
suance of bonds of said Town OF
of tha Ga le