Arizona republican., 1913-09-14

OI lIIe llIn Ody or OCtODSf, A. D-,
 1913. in said city, county and state. viz:
 The aggregate amount of indebted i ness of the City of Phoenix, in the County of Maricopa, State of Ari- zOna, now being in excess of four percentum of the value of the taxa 1 ble proptrty in said city, as is ascer- l tained by the last assessment of | taxable property in said City for City purposes, made previous to mourning | of the indebtedness contemplated by this resolution, shall The Common | Council of the City of Phoenix, in said County and State. issue bonds of the City of Phoenix, in the amount ! of Two Hundred and Fifty Thousand Dollars ($250, ,00000) for the purpose | tof funding it's floating indebtedness up to July 1, 1913 amounting to ap- proXimately One Hundred and Twen- ty-five Thousand Dollars ($125, ,O0O.O OO); to provide funds to the amount of Twenty Live Thousand Dollars for the purpose of purchasing two or more tracts of land to be hereafter select ed 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 and further to provide funds to the amount of Twenty-Five Thousand Dollars ($25,000.00) for the purpose of street improvements. and particu- larly the widening of Van Buren 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-
 and Dollars ($75, 5,000.00) 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-
 pdratus and the establishment of
 sub for the said fire depart
 ment. Said bonds shall be in de-
 nominations of Five Hundred Dollars
 ($500.00) each. shall bear the date of
 their issuance and be numbered con
 secutively from One upwards, the
 principal to be due in twenty (20)
 years from date thereof. provided
 that The Common Council of the l
 City of Phoenix reserves the right to l
 pay off such bonds in their numeri- l
 cal order at the rate of Twenty five !
 Thousand Dollars Cs25,00O.O0) thereof ,
 per annum from and after the ex-
 piration of ten G0) years from their '
 date, all of said bonds to bear interest 1
 at the rate of five per cent per an
 nun; interest thereon shall be paid !!
 semi annually on the first day of |
 January and July of each year after
 their issuance. Principal and interest |
 shall be paid in gold coin of the ,
 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 l
 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 1 said bonds; place of payment to be |
 mentioned in said bonds and shall be | made payable to bearer, and said l
 bonds are to be signed by the Mayor | of said City of Phoenix and at
 tested by the City Recorder thereof ! ard to have the seal of the said City | Of Phoenix attached thereto, and each | bond shall have interest coupons at tached thereto so that the same may he 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 inn 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 a regular or special meeting called for that purpose after causing to be entered upon the record of said The Common 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 newspapers as may be designated by said The Common Council of the City Of Phoenix, together with q 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, open 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, and all bids or proposals received for the purchase Of said bonds other evidences of indebtedness shall be accompanied by 3 certified check not less than five : per cent 6 per cenD of the total z amount of said bid and The Common '. Council of the City of Phoenix shall 4 reserve the right to reject any and Ill bids and all such certified checks / accompanying bids which are not ac- cepted and which are rejected, shall z oe returned to parties rendering the :, same. Certified check so deposited by Ia