Chapter 142. To enable the city of Douglas, Cochise County, Arizona Territory, to issue bonds for the purpose of acquiring and constructing a waterworks plant in and for said city
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CHAP. 142.— An Act To enable the city of Douglas, Cochise County, Arizona Territory, to issue bonds for the purpose of acquiring and constructing a waterworks plant in and for said city. April 4, 1910.[[H. R. 13401](/us/bill/61/hr/13401).][[Public, No. 116](/us/pl/61/116).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Douglas, Ariz.May issue bonds for waterworks. That the city of Douglas, Cochise County, Arizona Territory, a municipal corporation duly organized and existing as a city under the general laws of said Territory, be, and it is hereby, authorized to incur and contract an indebtedness to the amount of three hundred and twenty-five thousand dollars for the acquisition of an adequate system of waterworks in and for said city by the purchase of the existing waterworks plant therein at a price not to exceed the sum of two hundred and twenty-five thousand dollars, and by the construction of additional waterworks by the way of the enlargement and extension of said plant at a cost not to exceed the sum of one hundred thousand dollars; and to issue its negotiable coupon bonds to said aggregate amount of three hundred and twenty-five thousand dollars.
Sec. 2. Result of election confirmed. That the acts and proceedings of the mayor and common council of said city of Douglas in and about the calling, holding, ascertaining, and declaring the result of a special election in said city on October sixteenth, nineteen hundred and nine, on the following proposition: “Shall the city of Douglas, Cochise County, Territory of Arizona, borrow the sum of three hundred and twenty-five thousand dollars and issue its negotiable coupon bonds therefor for the purpose of acquiring the existing waterworks plant and constructing additional waterworks in and for said city, of which sum two hundred and twenty-five thousand dollars is to be expended for the purchase of said existing waterworks plant, and not exceeding the sum of one hundred thousand dollars is to be expended for said additional waterworks construction,” and in and about the passage on December sixth, nineteen hundred and nine, of ordinance numbered ninety-three, entitled “An ordinance providing for the issuance of negotiable coupon bonds of the city of Douglas, Arizona Territory, to the amount of 291three hundred and twenty-five thousand dollars, for the purpose of providing funds for acquiring the existing waterworks plant in said city and constructing additional waterworks in and for said city; prescribingTax authorized to pay principal and interest. the forms of said bonds and of the interest coupons to be thereto attached, providing for an annual tax sufficient to pay the interest on and principal of said bonds when due, and fixing the other details of the issue,” be, and the same are hereby, in all respects, declared fully authorized, ratified, approved and confirmed, and the bonds of said city of Douglas, when executed and issued pursuant to the provisions of said ordinance numbered ninety-three, shall be, and the same are hereby, declared to constitute the valid and binding obligations of said city, and all of the taxable property in said city to be subject to the levy of a direct annual tax sufficient to pay the principal of and interest on said bonds when due.
Approved, April 4, 1910.