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Newspaper
Tucson Citizen
Location
Tucson, Arizona, United States of America
Date
Nov 30, 1918
Page
6
The Pima County Board of Supervisors approves issuing twenty five one thousand dollar bonds for the Mt Lemmon Road in cooperation with the Forest Service. Bonds bear six percent interest, mature in 1938, and are payable in Tucson with coupons. Proceeds fund road and bridge construction in Pima County, including the Ajo Gunsight and Casa Grande Highway projects.
The Board of Supervisors of Pima County Arizona issues a bond to fund road and bridge construction on Mt Lemmon Road. It bears six percent interest, semiannual coupons, payable at the County Treasurer in Tucson. Tax levies secure principal and interest. the county’s total debt complies with state limits. The bond is signed by the Chairman and Clerk with official seals.
Legal bond text outlines issuance of multiple highway bonds by Pima County Arizona for roads including Ajo Gunsight Casa Grande Borderland and more. Bonds totalling up to forty thousand dollars each of one thousand dollar denominations dated 1918 pay six percent interest semi annually with maturity in 1933 1938 or 1958 as described.
The Board of Supervisors of Pima County Arizona issues a bond to Fund road and bridge construction within the county known as the Ajo Gansight Highway. The bond is secured by an annual tax on all taxable property in Pima County to pay principal and interest. The issue was approved by electors voting on September 11 1918 and bears the Chairman’s and Clerk’s signatures.
Notice records a 1918 election in Pima County Arizona on a road and bridge fund bond issue authorized by state law. It notes a direct annual tax on property to pay principal and interest and specifies the formality of certification and signatures by the Clerk of the Board of Supervisors.
The text notes a bond issue approved under Arizona law with a direct annual tax levy on taxable property in Pima County to pay the bond and interest. It references conformity to the state constitution and statutes and states the election occurred in 1918 with qualified electors voting.
The Board of Supervisors of Pima County Arizona announces the sale of One Hundred Twenty Five Thousand Dollars in road bonds dated October 15 1918 to fund Mt Lemmon Ajo Gunsight and Casa Grande highways and Borderland Highway projects. Proposals open December 2 1918 at 10 a.m. at the Court House in Tucson with bids at par plus accrued interest and a 10 percent certified check.
The Board of Supervisors of Pima County Arizona orders a bond issue with bids to be opened at a set meeting. Certified checks must accompany bids and bids below par will not be accepted. The sale will be conducted for debt service with terms irrevocably binding on bidders and purchasers. The order calls for publication in the Tucson Citizen for four weeks.
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