Arizona republican., 1913-06-29

sand Dollars ($l75, ,000.O0) for the pur- pose of funding it's floating indebted
 ness up to July 1st, 1919, amounting
 to approximately one Hundred and
 Twenty five Thousand Dollars C$125,- O0ooo0), and to provide funds to the
 amount of Twenty-Five Thousand Dollars C$25, ,000.o0) for the purpose of purchasing two or more tracts of land
 to be hereafter selected by The Com mon Council of the City of Phoenix, said land to be useG Sy said City of Phoenix and the inhabitants there of as public parks, and further to provide funds to the amount of TWen- ty-five Thousand Dollars ($25,O00.00)
 for the purpose of street improve ments, and particularly the widening of Van Buren Street by condemna- ton, or otherwise from the west line of Central Avenue to the east line of Second Avenue, in said City to an approximate width af fifty-seven
 (57D feet; said Van Ruren Street when SO Widened to be for public use.
 Said bonds to be in denominations of
 Five Hundred Dollars ($50000J each, shall bear the date of their issuance and be numbered consecutiVely from One upwards, the principal to be due in twenty years from date thereof, provided that the Common Council of the City Of Phoenix reserves the right to pay off such bonds in their numerical order at the rate of Seven teen Thousand Five Hundred Dollars
 ,$I7.500.60J thereof per annum from and after the expiration of ten l0) years from their date, all of said bonds to bear interest at the rate of
 per cent per annuln; inter est thereon shall be paid semI-annuaI-
 iv on the first day of January ana JuIx of each wear after their issuance.
 Principal and interest shall be paid in gold coin of the United States of America iu the office of the city
 Treasurer of the City of Phoenix, NIaricopa County, State of Arizona or at such Bank In the City of Phoe-
 nix. in said State and County, or in the City of New York, in the State of New York, or such place as may b, designated by the Common Coun- ciI of the City of Phoenix, at the option of the holder of said bonds; nIace of payment to be mentioned in said bonds and shall be made payable to bearer. and said bonds to be signed by the Mayor Of said City of Phoenix and atteeted hy the City Recorder thereof and have the seal of the sald C'itv of Phoenix attached thereto, ana each bond shalI have interest coupons attached thereto so that the same may be. removed therefrom without mutlial- ing the bonds for the semi-annbaI m t..r..st to accrue thereon. which cou- pons shall have q fac-simile of the sign:tlIreS of the Mayor and Recorder of said City of Phoenix Htho&raphed or printed thereon, provided, that u shall not be necessary to impress upon such coupons the seal oI slld Cftz- of Phoenix Said bonds to be sold bv inc Common Council of the City or Phoenix at q regular or special meet ing called for that purpose after caus- ing t1 be entered upon the record ol said the Common Council of the City of Phoenix an order directing the sale of said bonds and the date and hollr If said sale and shall cause a .onz- of said order to be published for, at least four consecutive weeks befora said sale in such daily CT weekly newspapers as may be deSlS- mated bx said Common Council o1 the city of Phoenix. together with Notice that sealed proposals Will pe received hy it for the purchase of said I.,7js on the date and hour named in said order Said The Common Council of the City of Phoenix shall at said time. and at d meeting to De held for such purpose, open all StdleV proposals received bN them and shaI award tht. purchase of Sald holldS to the highest and best responsible bid d.r. provided that none of said bonds shall be sold for less amount than par ,,itb accrued interest. and all bids or nroposaIs received for the purchase of said bonds or other evidences of ln- dehtedness shall be accompanied by a certified check not less than five ner cent C3"c) of the total amount of s4fd bid and the Common Council ot the Citv of Phoenix shall reserve the right to reject any and all bids ana all such certified checks accompany ing bids which are not accepted ana ,,.hich are. rejected. shall be returned to the parties rendering the same. Certified check so deposited by sue ,essful bidder shall be retained by said Common Council of the City of Phoenix and shall be forfeited in the event that such bidder shall not carry out th,. terms of the contract propd- ad herein to be entered into The City Recorder of the City ot PhoenlN shall enter upon the record of the proceedings ol the O'illIIl'li N'"iio1 II of the City of Phoenix the amount of bonds sold, their numbers and dates.
 second: That said election shall be held on the 3fst day of July A. D. 1913 between the hours of o'clock in the forenoon and o'clock in the afternoon of that day at the regular voting places within the limits of said City of Phoenix to be hereafter desig- mated bv The Common Council afore- said and such election shall be con ducted by such election officers of said City of Phoenix to be hereafter named by said Common Council and the ballots used at said election shall be substantially in form and have printed thereon the words and figures as follows: r-I-\-OT\-n AND FEET