The Coconino sun., 1922-12-08

CY WHEREBY THIS ORDINANC SHALL BECOME EFFECTIVE IN MEDIATELY UPON ITS PASSAG AND APPROVAL
 WHEREAS, at Q special eIcctio held in and for the Town of FIagstaf Coconino County, Arizona, or Mor day, the 2hd day of October, A. 1922, 9 majority of the qualified taz paying electors of said town votin at said election voted in favor of tn question submitted thereat, to-wit:
 Quesion:
 Shall the Town Town of Flag
 staff, Coconino County, Arizona,
 be authorized to borrow money
 and issue coupon bonds of said
 town in the aggregate principal
 sum of Sixty Thousand Dollars
 ($60,G00) and thereby incur an
 Indebtedness in excess Of four
 per centum of the value of the
 taxable property in said town for
 the purpose of providing funds
 with which to purchase ground
 for a public park and improve
 and beautify the same in and for
 said town. The said bonds to be
 sixty in number, numbered from
 1 to 60, inclusive, of the denom-
 ination Of $1,0G0 each, dated No
 vember 1, 1922, bearing interest
 at the rate of six per centum per
 annum, payable semi-annually,
 the first days of November and
 May of each year, and maturing
 serially $5,000, on the 1st day of
 November in each of the years A.
 D. 1888 to 4. D. 1949, both years
 inclusive?"
 md
 WHEREAS, said election was cali d, conducted, held and the result! hereof canvassed in all respects a! provided by law and pursuant to tho conferred by said election he town council of said town dit make and enter an order providing or the advertisement and sale of the 'onds authorized to be issued at saic lection and did cause a copy of saic rder to be published in the manner provided by law, and
 WHEREAS, the Town Council did neet at the time and place stated in aid order and after considering all ids received for the purchase of said onds, did accept the bid of Bankers rust Company, Sidlo, Simons, Fels Company and Benwell, Phillips X and did award and sell aid bonds in accordance with the erns of said bid.
 NOW, THEREFORE, BE IT OR 'AINED BY THE TOWN OF FLAG TAFF, COCONINO COUNTY, ARI- ,ONA, AND THE MAYOR AND HE COMMON COUNCIL THERE IF, as follows:
 Section 1. That all things required y law to be done and performed and onditions required to exist precedent nd in order to authorize the Mayor nd Town Council of the Town of flagstaff, Coconino County, Arizona, 3 issue, execute and deliver to the swful purchaser thereof, the bonds f said town hereinafter described, ave been done and performed and do xist in the manner and form requir- l by law.
 Section ?. That for the purpose of rovidinG funds with which to pur- nase ground for a public park and nproye and heautify the same in and ,r said town, there shall be prepared, yecuted, issued and delivered to the .wful purchaser thereof the negoti- ole coupon bonds of the said Town [ Flagstaff, Coconino County, kri- ,na, in the aggregate principal sum Sixty Thousand Dollars (s60,000), } be designated as Park Bonds" and be comprised of sixty (60) bonds, lmhered consecutively from one to xty, both numbers inclusive, of the of $1 GOO each, said ,nds shall be dated the 1st day of ovember, A. D. 1922; shall be abso- tely due and payable serially in nu- erical order, five of said bonds in e aggregate amount of s5,000 on e 1st day of November in each of e years 1898 to 1949, both years in fS. s,sf i..sss s-. pes. '. s2% . .'~