The Coconino sun., 1925-02-13

of the Town OF flagstaff, Coc3nin
County, Arizona, this 1st day Of Jan
uary, A. D. 1926.
(SEAL)
Clerk Of the Town of Flagstaff, CO
conino County, Arizona.
Section 4. That each of the bond
hereby authorized shall be sigaed b
the Mayor and Town Clerk of sat
Town, sealed with the corporate sea
of the said Town, which seal shall b
impressed thereon and each of the in
terest coupons to be attached to eac'
Of said bonds shall be executed by tn
engraved fac-simile signatures Of tn
said Mayor and Town Clerk and tn
officers in this paragraph mentione
are hereby authorized, ordered and .di
rected to- cause said bonds and cor
pons to be prepared substantially j
the forms respectively herein Sc
forth and to execute the same
herein provided for and on behalf o
said Town, ard after their execute
and before said bonds are delivered
the purchasers thereof, they shall b
recorded by the Town Clerk in a pub
lie record book kept for that parros
in his office, which shall show tha
said bonds were issued by said town
the amount Of each bond, its nambeI
date of issuance, time and pace
payment, rate Of interest, number o
interest coupons attached, name an
post office address Of the purchase
and any further description thereo
for future Identification.
Section s. That The sale and aware
of said beads to Geo. w. Vallery {
Co, and James n. Wright & Co, Den
ve-, Colo, is hereby ratified, approve
and confirmed, the said sale being fo
a price Of not less than the par value
Of said bonds with all interest there
on to the date Of their delivery, an
when prepared, executed and record
ed as herein provided, said bonds sha
be by the town treasurer of said tow
delivered to the lawful purchase
thereof, upon receipt Of the agree
purchase price therefor; the said pur
chase price to be held by the tow
treasurer and used exclusively for tn.
purpose for which said bonds wer.
authorized to be issued and when s.
executed, recorded, issued and de
livered to the lawful purchase
thereof, said bonds and each Of tn
interest coupons thereto attached shal
constitute binding and irrevocabl
contract between said town and thf
purchaser and holder from time t,
time of any of said bonds or interes
coupons and their legality, or the le
gality of any of the proceedings au
thorizing their issuance shall nc
thereafter be open to question
contest by said town or by any on
for it or in its behalf.
Section 6. That the interest falling
DIE on said bonds on the 1st day Of
July, 1925 and the 1st day of January
1928. or until the money. received from
the tax levies herein provided i.
available, shall be paid from the gen
eral 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
viding funds with which to pay tht
interest accruing on said bonds afte
the 1st day of January, 1926, prompe4
when and as the same becomes du'
and is payable and for the purpose o.
providing sinking fund with whic'
TO pay The principal amount of saiA
bonds as they respectively mature
there shall be levied on all of the tax
able property in said Town, the fol
lowing direct, annual, al valoren1 tax
to-wit:
n the year A. p. 1925, tax suf
ficient to produce the net sum o
$50. .25o.0o, being $52.25O.oo fer in
terest and 100000 for principal.
In each Of the years A. D. 1926 t
A. D. 1884, both years inclusive, a IA,
sufficient to produce in each year Z