The Holbrook news., 1922-06-30
NOTICE AND ORDER FOR THE ISSUE AND SALE OF $1l,150.OO SCHOOL BONDS OF SCHOOL DISTRICT No. 6. OF NAVAJO COUNTY, STATE OF ARIZONA.

WHEREAS, in accordance with an order of the Board Of Supervisors of Navajo County, State of Arizona, made and entered of record on the third day of April, A. D. 1922, a School Bond Election was duly cal led to be held on Saturday. the goth day of May, A. D. 1922, to determine whether or not the said School Dis trict No. (Tayl0r)' of Navajo Coun- ", should incur an indebtedness of Sl1, ,75O.O0 and issue it's Bonds in said sum therefore, for the purpose of purchasing proper school site, erecting school house and furnish ing and equipping the same; and WHEREAS, the returns of the said School Bond Election have been made to and duly canvassed by the Board of Supervisors of the said County of Navajo, and the result thereof declared and duly certified to, and which Certificate has been duly filed in the office of the County Recorder of Navajo County in the form and manner required by Sec ton 5270 and 5271 of the revised Statutes of Arizona, 1913: and the Board of Supervisors has hereto adopted a resolution declaring the result and validity of said election and that said Board of Supervisors of Navajo County had been duly authorized and empowered by more than a majority of the proper tax payers of said School District No 6 (Taylor), of Navajo County, and in all other respects qualified cleo tors of the said School District No 6 (Taylor), County of Navajo, yot ing at an Election held in the said School District No. (Taylor), to create an indebtedness of S11,750.00, and to sell Bonds in the said sum of 11.75000, said sum being less than six per centum of the value of the taxable property of the said School District No. 6 (Taylor), as ascertained by the last proceeding assessment for State and County pur- poses, for the purpose of purchas- ing a proper school site, erecting q school house and furnishing and equipping the same;
 NOW, THEREFORE. by reason of the Premises, it is ordered by the Board of Supervisors of the County of Navajo. as follows:
 Section l. That public Notice is hereby given that the Board of Sup ervisors of Navajo County. Arizona, has been authorized to order and does hereby order and direct the sale of the following described Bonds of the said School District No. 6 Cray ior), Navajo County, to-wit: Bonds in the aggregate principal sum of S1l, ,75000. comprised of twelve Bonds numbered from one CD to twelve Q2). Numbers one to II being in the denomination Of s1.000.00 each and number F being in the denomi- nation of S75000. dated July 1st. 1922, and absolutely redeemable in twenty years from date. bearing in- terest at the rate of per cent per annum. payable semi-annually on the Ist day of January and the 1st day of July. but reserving to the said School District No. 6 (Taylor), the right to redeem the said Bonds at any time after seven years from date of issue.
 Section ?. That sealed proposals will be received by said Board of Supervisors of the said County of Navajo for the purchase of said Bonds m the 7th day Of August, 1922. at he hour of 10:00 o'clock a m., at 'he office Of the Board of Supervis- 1r5, of Navajo County. in the Court House, at Holbrook, in the County
 I Navajo. Arizona, and at said time md place a meeting of the said Board of Supervisors will be held, t which meeting said Board of Sup 'ryisors will open all sealed pro oosals received by it, and award the purchase of said Bonds to the high 'st and best responsible bidder. All 'i'ls or proposals received for the purchase of said Bonds must be ac- .ompanied by all unconditional. cer- 'ifiod check drawn on National 70 the County Treasurer of Navajo County, Arizona, which certified check so deposited by the success ful bidder shall be retained by the said Board of Supervisors and be forfeited in the event the bidder shall not carry out the terms of the contract for the purchase of the Bonds. All checks from bidders other than the successful bidders, shall be forthwith returned to them after the said sale. No bid will be accepted for less than par and ac-