The Winslow mail., 1922-07-28

ECTORS IN SAID TOWN, FOR
THE PURPOSE OF DETERMINE
ING WHETHER SUCH INDEBT-
EDNESS SHALL BE AUTHOR
IZED.
BE 1T ORDAINED BY THE MAY
OR AND COMMON COUNCIL OF
THE TOWN OF WINSLOW:
Sec. 1. That the public interest
demands the building and construc-
ton of a City Hall including a jail
and garage, and furniture and equip
ment for same, on lot seven CD
.lock eight (8) of the Town of
Winslow, now owned by said Town
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 ($S,000)
Dollars, be made, with the assent of
payers of said Town, who are in all
other respects. qualified electors of
said Town as by law provided.
Sec. 2. That with the assent of
said property taxpayers as herein
after provided, bonds of the Town
of Winslow shall be issued in the
aggregate amount of Eight Thous-
and ($S000O 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 (S) 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
in denominations of One Thousand
($1,000) Dollars each, and shall bear
interest at the rate of six per cent
per annum, payable semiannually
on the. first days of July and Jan
uary 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
be attached to each of said bonds
so that the same may be removed
therefrom without mutilating the
bonds, and each of said coupons
shall bear a facsimile of the sigma
lures of the Mayor and Town Clerk
as said signatures appear on said
bonds.
Sec. 8. That the interest falling
due on said bonds in the year 1923
shall be and same is hereby order
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
it, and of providing sufficient funds
to meet the interest falling due on
said bonds, subsequently, to the year
1923, 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
to produce the sum of Thirteen
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
Of inI
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 a 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 he incurred hV the iSSu-