Arizona republican., 1913-10-05

street by condemnation, or otherwise from the west line of Central Avenue to the east line of Second avenue, in , said City to an approximate width of fifty-seven (5O feet; said Van Buren Street when so widened to be for public use; and to provide funds to the amount of Seventy-five Thous- ard Dollars ($75. .0O0.G0) for the pur- pose of enlarging the fire depart ment of the City of Phoenix and in creasing it's equipment, by extending the fire alarm system by the pur- chase of additional fire fighting ap- paratus and the establishment of substations for the said fire depart ment. Said bonds shall be in de- nominations of Five Hundred Dollars C$50000) each. shall bear the date of their issuance and be numbered con secutively from One upwards, the principal to be due in twenty (2O). years from date thereof provided that The Common Council of the City of Phoenix reserves the right to ray off such bonds in their numeri- cal order at the rate of Twenty-f five Thousand Dollars ($25. 100000 thereof per annum from and after the eX- pira ton of ten G0) years from their
 
 a the rate of five per cent per. an num- interest thereon shall be paid scmi-annualIy on the first day of January and July of each year after United States of America in the of flee of the City Treasurer of the City Of Phoenix, Maricopa County, State Of Arizona. or at such Bank in the City of Phoenix. in said state and county, or in the City of New York. in the State of New York, or such place as may be designated by the Common Council of the City of PhOe- nix, at the option of the holder of said bonds; place of payment to be mentioned in said bonds and shall be made payable to bearer, and said bonds are to be signed by the Mayor Of said City of Phoenix and at tested by the City Recorder thereof and to have the seal of the said City os Phoenix attached thereto, and each bond shall have interest coupons at tached thereto so that the same may bc removed therefrom without mutt lating the bonds for the semi-annual interest to accrue thereon, which coupons shall have a fac Simile of the signatures of the Mayor and Re cOrder of said City of Phoenix IithO- graphed or printed thereon. provided. that it shall not be necessary to im- press upon such coupons the seal of said City of Phoenix Said bonds shall be sold by the Common Council of the City of Phoenix at regular or special meeting called for that purpose after causing to be entered upon the record of said The Common Council of the City of Phoenix an order directing the sale of said bonds and the date and hour of said sale and shall cause copy of said order to be published for at least four consecutive weeks before said sale in such daily or weekly newspaper or Eewspa pers as may be designated by said The Common Council of the City of Phoenix, together with a notice that sealed proposals will be received by it for the purchase of said bonds on the date and hour named in said order. Said The Common Council of the City of Phoenix shall at said time, and at a meeting to be held for such purpose, oren all sealed proposals re- ceived by them and shall award the purchase of said bonds to the high est and best responsible bidder, pro- vided that none of said bonds shall be sold for less amount than par With accrued interest, ana all DlOS or proposals received for the purchase of said bonds or other evidences of indebtedness shall be accompanied by certified check not less than five per cent 6 per cent) of the total amount of said bid and The Common Council of the City of Phoenix shall reserve the right to reject any and all bids and all such certified checks accompanying bids which are not ac- cepted and which are rejected, shall be returned to parties rendering the same. Certif ed check so deposited by the successful bidder shall be retained by said The Common Council of tha City of Phoenix and shall be for feited in the event that such bidder shall not carry out the terms of the contract. provided herein to be