Arizona republican., 1912-09-14

a district and hereby declares that the district in said City of Phoenix benefited by said work or improve ment and to be assessed to pay the costs and expenses thereof is described as follows: All that portion of said City lying within the following des- cribed exterior boundary line; to-Wit: Beginning at the southeast corner of Central avenue and Jefferson street. thence easterly along the south line of Jefferson street to a point midway between the easterly line of Central avenue and the westerly line of First street to a point on the northerly line of Jackson street, thence westerly along the northerly line of Jackson street to a point midway between the westerly line of Central avenue and the easterly line of First avenue, thence northerly along the line mid way between the westerly line of Cen tral avenue and the easterly line of First avenue to a point on the south erly line of Jefferson street, thence easterly along the SOutherly line of Jefferson street to the point of begin ming, excepting therefrom any DOT
  which may be<included in the above described district.
 Section g. The City Engineer is hereby directed to make a diagram of the district described hereinabOVe in Section of this Resolution of In- tention and to be assessed to pay the expenses thereof. Such diagram shall show each separate lot, piece or par eel of land in said district, and the relative location of the same to the work proposed to be done.
 Section 4. The said Common Coun- cil finds that the public convenience requires that serial bonds be issued to represent the expense of such work or improvement, and said Common Council determines that serial bonds shall be issued to represent each as- sessment of twenty five dollars 1 ($25.00) or more for the cost of said work or improvement; said serial 1 bonds shall extend over period end | ing nine (9) years from and after the 1 2nd day of January next succeeding the date of said bonds, and an even annual proportion of the principal | sum thereof shall be payable by coupon on the 2nd day of January and 1 July respectively of each year at the rate of six per cent (6fO per annum on all sums unpaid until the whole of said principal sum and interest arc paid.
 Section D The serial bonds here in mentioned shall be issued in ac- 1 cOrdance with the provision of an act of the Legislature of the State ot Arizona known and designated as the Improvement Act of 1912" ap- proved May IT, 1912, and all the pro 1 ceedings of the aforesaid improve ment shall also be taken under saiC
 Improvement Act of 1912"
 1 Section G. The City Recorder shal
 certify to the passage of this Resolu tion of Intention and shall cause thu 1 same to be published ten times in th'
 Arizona Republican, a daily neWspape published and circulated in the Cit. of Phoenix and hereby designated fo that purpose.
 Section '. The Superintendent O Streets of the City of Phoenix shal post notice of said proposed improve
 ment as required by law, and in sai'
 notice shall refer to this Resolution of Intention"
 I hereby certify that the above an' foregoing resolution No. 536 was dul, passed by the Common Council o Phoenix at a meeting held Septem Der g, 1912, and that a quorum wa present thereat.
 FRANK THOMAS. City Recorder. First publication Sept. II, 1912.