The Coconino sun., 1925-02-06

of the Town of Flagstaff, Coconino
County, Arizona, this 1st day of Jan
uary, A. D. 1925.
(SEAL)
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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-
pons to be prepared substantially in
the forms respectively herein set
forth and to execute the same as
herein provided for and on behalf of
said Town, and after their execution
and before said bonds are delivered to
the purchasers thereof, they shall be
recorded by the Town Clerk in pub
lie record book kept for that purpose
in his office, which shall show that
said bonds were issued by said town,
the amount of each bond, it's number,
date 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
of said bonds to Geo W. Vallery &
Co, and James n. Wright & Co., Den
yer, Colo, is hereby ratified, approved
and confirmed, the said sale being for
a price of not less than the par value
of said bonds with all interest there
on to the date of their delivery, and
when prepared, executed and record
ed as herein provided, said bonds shall
be by the town, treasurer Of. said town
delivered to the lawful purchaser
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
authorized to be issued and~when so
executed, recorded, issued and de-
livered to the lawful purchaser
thereof, said bonds and each of the
interest coupons thereto attached shall
constitute binding and irrevocable
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 le-
gality of any of the proceedings au-
thorizing their issuance shall not
thereafter be open to question or
contest by said town or by any one
for it or in its behalf.
Section 6. That the interest falling
due on said bonds on the 1st day of
July, 1926 and the 1st day Of January,
1926, or until the money received from
the tax levies herein provided is
available, shall be paid from the gen.
eral or expense funds of said Town,
or from any other funds belonging to
said Town and available for that pur-
pose, and, for the purpose of reim-
bursting such fund or funds and pro-
viding funds with which to pay the
interest accruing on said bonds after
the 1st day of January, 1926, promptly
when and as the same becomes due
and is payable and for the purpose OF
providing a sinking fund with which
to pay the principal amount of said
bonds as they respectively mature,
there shall be levied on all of the tax
able property in said Town, the fol-
lowing direct, annual, ad valorem tax,
to-wit
In the year A. D. 1926, tax suf-
ficient to produce the net sum of
s53, ,25oOo, being $52,25o.OO for in
terest and 100000 for principal.
In each of the years A. D. 1926 to
A. D. 1884, both years inclusive, tax
sufficient to produce in each year a
net sum Of $27,l25.00 in each year,