The Coolidge examiner., 1937-05-27
RESOLUTION
Florence, Arizona


Supervisors of Pinal County, State
of Arizona.
You and each of you are notified
that a Special Meeting of the Board
of Supervisors Of Pinal County, Ari-
zona, has been called and ordered
to be held at the office of said
Board in Florence, Arizona, on the
26th day of May, 1887, at the hour
of II A M. for the purpose Of pass
ing upon a Resolution passed and
adopted by the Board of Trustees
of School District No. q, Pinal Coun-
ty, Arizona, and presented to this
Board requesting that refunding
bonds in the total principal amount
of $27 10000 be executed and issued
and the proceeds from said refund
ing bonds used for retiring like
amount of outstanding bonds of
School District No. 4, on July 1.
1887, and if deemed necessary, and
advisable, to pass Resolution
authorizing the issuance of said
bonds, and making all other pro-
visions necessary relating to the is
suance of refunding bonds.
E. w. WEAVER,
Clerk of Board of Supervisors
Pinal County, Arizona
The Following members of the
Board of Supervisors of Pinal COun-
ty, Arizona, were present pursuant
to the above call.
George w. Burgess.
James Heron Jr.
EMS Thurman.
The Clerk reported that he had
received a Resolution from the
Board of Trustees of School District
No. 4, Pinal County, Arizona, re-
Questing that the Board Of Super
visors of Pinal County, Arizona in
Special Meeting, take such steps
as deemed necessary to authorize
the issuance of refunding bonds OF
School District No. 4, Pinal County,
Arizona, in the principal sum of
$27,500.00 bearing a lower coupon
interest rate than the present out
standing bond issue, the proceeds of
the refunding bonds to be used in
retiring the present outstanding
principal amount of 27,500.00, and
that the Board of Supervisors
authorize the County Treasurer of
Pinal County, to make a call for
redemption on July 1, 1887, the
$27,500.00 bonds bearing per cent
interest; which said Resolution as
submitted by the Board of Trustees
Of School District No. 4. Pinal
County, Arizona. was as follows.
RESOLUTION REQUESTING
THE BOARD OF SUPERVISORS
OF PINAL COUNTY, ARIZONA,
TO REFUND BONDS OF SCHOOL
DISTRICT NO. 4, PINAL COUNTY,
ARIZONA.
WHEREAS, School District No.
4, Pinal County, Arizona, issued
Thirty-five 35,0O0.OO) thousand
District No. bonds bearing inter
est at the rate of Is per cent? per
centum per annum on the 1st day
of July 1926; and,
WHEREAS, $7,50O0O of said
bonds has been paid, and,
WHEREAS, $27,500.00 principal
amount of said bonds are absolute
ly due and payable on July /, 1916
but optional on July /, 1886, and,
WHEREAS, it appears that said
outstanding bonds Of said School
District in the amount of $27 800.
90 are callable on or after July l,
1886, at the option of the School
District, and,
WHEREAS, the School District
has entered into refunding agree
ment whereby said per cent bonds
could be replaced with bonds bear
ing IA per cent interest to the
District, and,
WHEREAS, said refunding is
authorized by Section 1868 to 2671
Of the Revised Code of Arizona
1928 and amendments thereto
which authorizes the several Count
les, School Districts and Municipali
ties to refund their bonded indebt
edness, and empowers the Board OF
Supervisors of Pinal County, Ari
zona to issue refunding bonds on
behalf of said School District, and
WHEREAS, the bonds ($27,500.
COZ of Pinal County, Arizona, School
District No. are callable on the
next interest payment date and ii
appears that such refunding is
necessary and advisable.
NOW, THEREFORE, BE 1T RE,
SOLVED by the Board of School
Trustees of School District No. 4
of Pinal County Arizona:
Section l, That the Board of
Trustees request the Board of SUI
pervisors of Pinal County to call
the above described bonds in the
principal amount of $27,500.O0 bear,
ing interest at the rate of per
cent per annum for redemption on
July l, 1897.
Section 2. That the Board of
Trustees request the Board of Su-
pervisors to proceed in the issuance
Of refunding bonds in the principal
amount of s27,50O.OO bearing interest
at the rate of 4 IA percentum per
annum, to be sold, and the proceeds
used to redeem a like amount of
bonds now outstanding, but optional
on July l, 1887, due July /, 1916.
Section 8. That the Clerk of the
Board of School Trustees is hereby