The Coconino sun., 1925-01-30

of the Town of Flagstaff, Coconinc
County, Arizona, this 1st day of Jan
uary, A. D. 1925.
! (SEAL)
Clerk of the Town of Flagstaff, Co
conino County, Arizona.
| Section 4. That each of the bonds
hereby authorized shall be signed by
the Mayor and Town Clerk of said
Town, sealed with the corporate seal
of the said Town, which seal shall be
impressed thereon and each of the in
terest coupons to be attached to each
of said bonds shall be executed by the
| engraved facsimile signatures Of the
said Mayor and Town Clerk and the
officers in this paragraph mentioned
are hereby authorized, ordered and di.
rected to cause said bonds and cou
oons to be prepared substantially ir
he forms respectively herein Sc
torth and to execute the same as
herein provided for and on behalf OF
laid Town, and after their execution
ind before said bonds are delivered tc
he purchasers thereof, they shall be
ecorded by the Town Clerk in a pub
ic record book kept for that purpose
n his office, which shall show thal
aid bonds were issued by said town
J he amount of each bond, its number
late of issuance, time and place Of
payment, rate of interest, number Of
interest coupons attached, name and
post office address of the purchaser
and any further description thereof
for future Identification.
Section 5. That the sale and award
IF said bonds to Geo, W. Vallery &
1o., and James n Wright G. Co., Dem
yer, Colo, is hereby ratified, approved
and confirmed, the said sale being fol
price of not less than the par value
Of said bonds with all interest there
IN to the date Of their delivery, anc
when prepared, executed and record
cd as herein provided, said bonds shall
be by the town treasurer of said town
delivered to the lawful purchase
thereof, upon receipt of the agreed
purchase price therefor; the said pur-
chase price to be held by the town
treasurer and used exclusively for the
purpose for which said bonds were
to be issued and when so
recorded, issued and de-
livercd to the lawful purchaser
thereof, said bonds and each of the
interest coupons thereto attached shall
constitute a binding and irreyocable
contract between said town and the
purchaser and holder from time to
time of any of said bonds or interest /
coupons and their legality, or the lie.
gality of any Of the proceedings au-
their issuance shall M /
thereafter be open to question oi
contest by said town or by any on
for it or in it's behalf.
Section 6. That the interest falling
due on said bonds on the LIST day Of I
July, 1925 and the 1st day Of January
1926, or until the money. received from /
the tax levies herein provided +
available, shall be paid from the gen
sraI or expense funds of said Town /
or from any other funds belonging t
said Town and available for that pur
pose,- and for the purpose of REIN
bursting such fund or funds and pro
yiding funds with which to pay th'
interest accruing on said bonds aftei
the 1st day of January, 1926, promptly I
when and as the same becomes duc
md is payable and for the purpose oi
sinking fund with whicF
ID pay the principal amount of sale
,onds as they respectively mature
here shall be levied on all Of the tax
lble property in said Town, the fol
owing direct, annual, ad valorenl tax
o-wit:
In the year A. D. 1926, tax suf
'icient to produce the net sum of
;53 ,250.OO, being $52 25O.G0 for in
crest and 100000 for principal.
In each of the years A. D. 1926 to
l. d. 1884, both years inclusive, tax
ufficient to produce in each year Il
let sum Of s27 ,125,QQNin each year