The Holbrook news., 1922-07-14
NOTICE AND ORDER FOR THE ISSUE AND SALE OF S11,750.0O 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. 6 (Taylor1 of Navajo Coun ty, should incur an indebtedness of s11, ,750.00 and issue its Bonds in said sum therefore, for the purpose of purchasing a 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 tion 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. i6 (TaylOr). of Navajo County, and in all other respects qualified cleo tors Of the said School District No. l6 tTaylor), County of Navajo, vot- ing at an Election held in the said School District No. 6 (Taylor), to create an indebtedness of $l1, ,75O.OO, and to sell Bonds in the said sum of Sl1,150.0O. 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 proper school site, erecting a | 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 lor). Navajo County, to-wit: Bonds in the aggregate principal sum of s11,75O.OO. comprised of twelve Bonds numbered from one CD to twelve Q2). Numbers one to II being in the denomination of $1,0OO.OO each and number F being in the denomi- nation of s750.00, 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 lst 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 2. That sealed proposals will be received by said Board of Supervisors of the said County of Navajo for the purchase of said Bonds on the 7th day of August, 1922. at the hour Of 10:00 o'clock a m., at the office of the Board of Superyis- 1rs' of Navajo County. in the Court nouse, at Holbrook, in the County Df Navajo, Arizona, and at said time ma place meeting of the said 3oard of Supervisors will be held. tt which meeting said Board of Sup- 'rvisors will open all sealed pro- 'osals received by 1t, and award the purchase of said Bonds to the high
 st and best responsible bidder All
 hds or proposals received for the purchase of said Bonds must be ac- companled by an unconditional, cer- lhed check drawn on a National 10 the County Treasurer of Navajo county, Arizona. which certified check SO deposited by the success iui 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 tran the successful bidders. snail De forthwith returned to them after the said sale.- No bid will be accepted for less than par and ac- crued interest. The Board of Sup eryisors reserves right to reject any and all bids.
 Section 3. That this order shall be published for at least five (5) consecutive weekly issues before the date of said sale in the "Hol- brook News. tn official paper of Navajo County. Arizona, and shall
 have as the caption therefor. the following:
 Notice and Order for the Issue and Sale of Sl1.750.0O School Bonds Of School District No. 6 (Taylor) of Navajo County, Arizona.
 | By order of the Board of Super- visors of Navajo County, Arizona. made this 9th day of June, A. D. 1922.
 | B. F. OWENS.
 Chairman of the Board of Super- l visors. Navajo County, Arizona. ATTEST:
 M. R. TANNER,
 1 ClQrk Of tha poord nf