Arizona republican., 1913-11-04
RESOLUTION NO. 643

1 A RESOLUTION ordering an cleo tion to authorize the issuance of bonds for funding the floating in l debtedness of the City of Phoenix up to July 1, 1913; for purchasing two tracts of land for park purposes, for street improvements; for the enlargement and improvement of the Fire Department of the City of Phoenix and for Street Lighting Bonds.
 THE COMMON COUNCIL OF | PHOENIX DO RESOLVE AS | FOLLOWS
 First: That the following propo- sitions be, and the same are hereby submitted to the qualified electors and property taxpayers subject to taxation within the corporate limits within the City of Phoenix, County of Maricopa, State of Arizona, to be voted upon by them at an election called for the purpose to be held on the 26th day of November, A. D.. 1913, in said City, County and State, viz:
 The incurring of the indebtedness thereby proposed to be created by the Common Council of the City of Phoenix, in the County and State aforesaid, together with the existing indebtedness of said City would eX- ceed four per centum (4%o) of the value of the taxable property in said City, as ascertained by the last as sessment of taxable property in said City for city purposes made previous to the incuTring of the indebtedness Contemplated by this Resolution, shall the Common Council of the City Of Phoenix, in said County and State af In City of Phoenix for the following purposes and in the following amounts:
 l FUNDING Bonds, City of Phoenix, for the purposes of funding the floating indebtedness of the City of Phoenix up to July 1st 1913, amount ing to approximately One Hundred and Twenty five Thousand Dollars
 ($125,O00.0O).
 PARK Bonds, City of Phoenix, for the purpose of providing a fund for the purchase of two or more tracts of land by the Common Council of the City of Phoenix, said land to be used by said City of Phoenix and
 the inhabitants thereof as public
 parks; said bonds to be issued to
 the amount of Twenty-Five Thous- and Dollars ($25. 5.OOO.00).
 STREET IMPROVEMENT Bonds for the purpose of street improve
 ments and particularly the widening
 of Van Buren Street by condemna =
 tion or otherwise from the West line
 of Central Avenue to the East line of Second Avenue in said City ot Phoenix, to an approximate width
 Buren Street, when so widened to De
 for the use of the public. said bonds
 to be issued to the amount of Twen-
 tw-five Thousand Dollars ($25,000,-
 o0).
 FIRE DEPARTMENT IMPROVE
 MENT Bonds for the purpose Ot enlarginS the Fire Department ot
 the City of Phoenix, increasing its
 equipment, extending it's fire alarm
 system and the establishment o1 sub stations for said Fire Depart
 ment, said bonds to be in the amount of Seventy five Thousand Dollars
 ($75,OOO.OO).
 STREET LIGHTING Bonds for the lpurpose of installing light standard: for lighting and beautifying the streets of the City of Phoenix, sait
 bonds to be issued to the amount of Twenty-Five Thousand Dollars C$25, ,OOO.OO).
 l All said bonds shall be in denomin- ? ations of Five Hundred Dollar: 3 ($5O0.OO) each, shall bear the date
 of their issuance and be numbered consecutively from One upwards, the } principal to be due in forty (4Ol
 years from date hereof. provided tha
 The Common Council of the City O.
 Phoenix reserves the right to pay of
 such bonds in their numerical ordel at the rate of Thirteen Thousand Seven Hundred and Fifty Dollars ($13, 3,750.OO) thereof per annum from
 and after the expiration of twenty
 (2O) years from their date, al , at the rate of five per cen , per annum, interest thereon shall b,
 paid semi-annually on the first day
 of January and July of each year af-
 ter their issuance. Principal and in
 terest shall ke paid in lawful money
 of the United States of America il
 the office of the City Treasurer O the City oe Phoenix, Maricopa Coun'
 ty, State of Arizona, or at such Banl
 in the City of Phoen1x, in said Stat'
 and County, or in the City of New York, in the State of New York, Ol such place as maybe designated by the Common Council of the City O. Phoenix, at the option of the holder : of said bonds; place of payment tt 2 be mentioned in said bonds. and shal . be made payable to bearer, and saiC
 bonds are to be signed by the M~yo of said City of Phoenix and attesteC
 by the City Recorder thereof, anC have the sea. of the said City O 9 Phoenix attach. thereto, and eacf . bond shall have interest coupons at :. tached thereto so that the same ma! l be removed therefrom without mu' tilating the bonds, for the semi :. annual interest to accrue thereon !, which coupons shall have a fac-si'
 mile of the signatures of the Mayor and Recorder of said City of Phoe , nix Autographed or printed thereon
 provided that it shall not be neces sary to impress upon such coupons , the seal of said City of Phoenix