The Coconino sun., 1922-12-22

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 ........................, A. D. 1922.
 i (SeaD
 
 1 Clerk of the Town of Flagstaff
 Coconino County, Arizona.
 Section 4. That each of the bond
 hereby authorized shall be signed by
 the Mayor and Town Clerk of saic
 Town, sealed with the corporate sea
 of the said Town, which seal shall b,
 impressed thereon and each of the in
 terest coupons to be attached to eacl
 of said bonds shall be executed by tht engraved facsimile signatures of tho said Mayor and Town Clerk and the officers in this paragraph mentioned are hereby authorized, ordered and di
 rected to cause said bonds and cou, pons to be prepared substantially ir the forms respectively herein set fortf 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 a 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 ment, 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 Cor pany, .Sidlo, Simons, Fels & Company and Benwell, Phillips & Company, c. Denver, Colorado, is hereby rati- fled, approved and confirmed, the said sale being for 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 thereof, said bonds and each of the interest 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- ance shall not thereafter be open to question or contest by said town or by any one for it or in its behalf.
 Section 6. That the interest falling due on said bonds on the 1st day of May, 1923, and on the 1st day of No vember, 1923, shall be paid from the general or expense funds of said Town, or from any other funds be- longing to said Town and available for that purpose, and for the purpose of reimbursing such fund. or funds and providing funds with which to pay the interest accruing on said bonds af- ter the 1st day of November, 1923, promptly when and as the same be- comes due and is payable and for the purpose of, providing a sinking fund with which to pay the principal amount of said bonds as they respect ively mature, there shall be levied on all of the taxable property in said Town, the following direct annual, ad tax, to-wit:
 In the year A. D. 1923, tax suf- ficient to produce the net sum of $9,- 5O7.OO, being s7,20O for interest and s2,SO7.00 for principal.
 In each of the years A. D. 1924, A. D. 1886, both years inclusive, a tax sufficient to produce in each year al net sum of s5,9O7.0O, being s3,6OO for interest and s2,3O7.00 for prin- cipal.
 In each of the years A. D. 1887 to A. D. 194S, a tax sufficient to pro- luce in each year for principal and the following net amounts: Years Interest Principal Total 1887 $500 s2,307 s5,907 1888 $500 2,307 5,607