The border vidette., 1924-01-05

value VI VIC UdAdUI6 pEOp0Ity VI
the city Of Nogales but not ex-
ceeding 1870 thereof, by issuing
bonds to the aggregate amount
Of 500, 900, for the purpose Of
paving and improving the streets
Of said city of Noga!es. Santa
Cruz county, Arizona; the said
improvements to be owned and
controlled exclusively by the
said city of Nogales;
| WHEREAS, ia the opinion Of
the Mayor and Board of Alder
men of the city of Nogales. .
municipal corporation within the
County OF Santa Cruz, in the
State Of Arizona, the interests
of said city require that bonds
of said city be issued for the
purpose of acquiring funds for
the purpose of paving and i'm
proving the streets Of said city,
said improvements to be owned
and controlled exclusively by
said city Of Nogales, and that an
Indebtedness be created therefor
by issuing the bonds of said city
in the aggregate amount OF
500, 900; and
WHEREAS, the Mayor and
Board of Aldermen of the said
city of NoRales have ascertained
from the last preceding assess
ment of said city of Nogales--
the same being the assessment
for the year 1928-that such in
debtedness of 100000 will not
exceed 1879 of the value of the
said taxable property Of said
city, the taxable values for the
year 1928 hereby being declared
to be Sc, $50, 794.OO; and
WHEREAS, it is provided by
Chapter II. Title So of the Re.
vised Statutes of Arizona, 1918,
Civil Code, that prior to the
creation OF such indebtedness
and the issuance OF bonds there
for the question OF whether said
Indebtedness shall be authorized
shall be submitted to the vote Of
the property tax payers, who, in
all other respects shall be quail
fed electors, for their determine
tion:
Now. THEREFORE,. BE 1T RE-
TsoLvED AND ORDERED, and it is
hereby ordered by the Mayor
and Board of Aldermen of the
city of Nogsles, Santa Cruz
county, Arizona;
FIRST: That q special election
by the property tax payers OF
the city of Nogales. who in all
other respects shall be qualified
electors of said city, be and the
same is hereby called and di-
rected to be held in accordance
with law on Thursday, the Oath
day of January, A. D. 1924.
for the purpose of determining
whether such indebtedness. in
such amount. shall be authoriz-
ed.
SECOND: That at said special
election the following questions
shall be submitted and are here
by submitted to the legally quail.
ifed property tax payers Of the
city of Nogales. Santa Cruz
county, Arizona. who in all other
respects shall be qualified cleo.
tors in said city, for their deter.
mination, to-wit:--
Shall the Mayor and Board Of
Aldermen of the City of Nogales,
Santa Cruz county, State OF
Arizona, be authorized to create
an Indebtedness for and on be.
half of said city of Nogales and
upon the credit thereof in excess
of 40 of the value of the taxa.
BILE property of said city but not
in excess of 15% of the value of
said taxable property by issuing
negotiable coupon bonds OF said
city in the amount of 500, 600. 90
for the purpose of paving and
improving the streets in said
city, said improvements to be
owned and controlled exclusively
by said city of Nogales; said
bond issue to consist of 100
bonds numbered from l to 100
both inclusive, in the denomins-
ton of 81 900 each. said bonds
to be dated March /, 1924. and
to become due and payable 90
follows tO-wit:
! $4,000 on the 1st day of March
in each of the years 1929 to 1888,
both inclusive;
$1,000 on the 1st day of March
in each of the years 1884 to 1888,
both inclusive;
81 600 IN the at C1av of March