Arizona republican., 1913-11-14
RESOLUTION NO. 643

bonds for funding the floating in 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 or Phoenix and for Street Lighting Bonds.
 THE COMMON COUNCIL OF
 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 U. 1913. in said City, County and State, viz:
 The mourning of the indebtedness hereby proposed to be created by the Common Council of the City oI Phoenix, in the County and State aforesaid. together with the existing indebtedness of said City would eX- ceed four per centum (4%o) ot the value of the taxable property In sald City, as ascertained by the last as sessment of taxable property in said Citv for city purposes made previous to the incurring of the indebtedness contemplated bv this Resolution, shall the Common Council of the City of Phoenix. in said County and State issue the following bonds of the City of Phoenix for the following purposes and in the following amounts:
 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, 5,OOO.OO).
 PARK Bonds, City of Phoenix, for the purpose of providing 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 ($25,000.0O).
 STREET IMPROVEMENT Bonds, 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 of Phoenix. to an approximate width of fifty-seven feet (57D, said Van Buren Street, when so widened to be for the use of the public, said bonds to be issued to the amount of TWen- tw-five Thousand Dollars (s25,000,- OO).
 FIRE DEPARTMENT IMPROVE MENT Bonds for the purpose of enlargfng the Fire Department of the City of Phoenix, increasing it's equipment, extending it's fire alarm system and the establishment of ub-stations for said Fire Depart ment. said bonds to be in the amount of Seventy five Thousand Dollars Cs75.OOO00).
 STREET LIGHTING Bonds for the purpose of installing light standards for lighting and beautifying the streets of the City of Phoenix, said bonds to be issued to the amount of Twenty-Five Thousand Dollars ($25,OOO.OO).
 All said bonds shall be in denomin- ations of Five Hundred Dollars ($50OOO) each. shall bear the date of their issuance and be numbered consecutively from One upwards, the principal to be due in forty C4O) years from date hereof, 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 Thirteen Thousand Seven Hundred and Fifty Dollars ($13.75O.OO) thereof per annum from and after the expiration of twenty (2O) years from their date, all of said bonds to bear interest ot the rate nf five per cent Der annum, interest thereon shall be paid semi-annually on the first day of January and July of each year af- ter their issuance. Principal and in terest shall he paid in lawful money of the United States of America Tn the office of the City Treasurer or the City oe Phoenix, Maricopa Coun- tv State of Arizona or at such Bank in the City of PhoenlX, in said state and County. or in the City of New York, in the State of New York, or such place as maybe designated by the Common Council of the City of Phoenix, 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 attested by the City Recorder thereof, ana have the sea, of the said City ol Phoenix attach.d thereto, and each
 ond shall have interest coupons at tached thereto so that the same may 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.