Arizona republican., 1913-11-03

 Phoenix reserves the right to pay off , such bonds in their numerical order at the rate of Thirteen Thousand Seven Hundred and Fifty Dollars and after the expiration of twenty (20) years from their date, all of said bonds to bear interest at the rate of five per cent per 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 in the office of the City Treasurer of the City Q Phoenix, Maricopa Coun- ty 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 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, and have the sea; of the said City of Phoenix attach. d thereto, and each bond shall have interest coupons at tached thereto so that the same may be removed therefrom without nu tilating the bonds, for the semi annual interest to accrue thereon, which coupons shall have fac-si- mile of the signatures of the Mayor
 
 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. Said bonds shall be sold by The nix at a regular or special meeting called for that purpose after caus- ing to be entered upon the records 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 a copy of said order to be published for at least four copSecu- tive weeks before said sale in such daily or weekly newspaper or news papers as may be designated by said The Common Council of the City of Phoenix, together with a mo- tice 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 Com mon Council of the City of Phoenix shall at said time, and at a meeting to be held for such purpose, open all sealed proposals received by them and shall award the purchase of said konds to the highest and best Iii of said bonds shall be sold for less amount than par with ac crued interest; and all bids or proposals received for the pur- chase of said bonds or other evil dences of indebtedness shall be ac- by a certified check not less than five per cent G per cenD of the total amount of said bid ana 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 accepted and which are rejected, shall be returned to par ties rendering same.
 Certified check so deposited by the successful bidder shall be retained by said The Common Council of the City of Phoenix and shall b. for feited in the event that such bidder shall not carry out the terms of the contract, provided herein to be entered into. The City Recorder of the City of Phoenix shall enter upon the record of the proceedings of The Common Council of the City of Phoenix the amount of bonds sold, their numbers and dates.
 Second: That said election shall
 
 Der, A. D. 1913, between the hours of o'clock in the forenoon and 6 o'clock in the afternoon of that day at the regular voting places within the limits of said City of Phoenix, to be hereafter designated by the Common Council of the City of Phoe- nix, 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 fig ures as follows:
 FUNDING, PARK. STREET IM-
 PROvEMENT, FIRE DEPART
 MENT IMPROVEMENT AND
 STREET LIGHTING BOND ELEC-
 TON, CITY OF PHOENIX.
 To vote for the issuance of bonds. place an x in the square under the word Yes
 To vote against the issuance of bonds, place an X in the square under the word "No.''
 Shall bonds be issued by the Com mon Council of the City of Phoe- nix for the following purposes aud in the following amounts:
  funding the floating indebtedness of the City of Phoenix up to July 1, 1913, amounting to approximately One Hundred and Twenty-Five Thous- and Dollars (s125.OOO.OO). Said bonds to be issued to the amount of One Hundred and Twenty-Five Thousand Dollars.
 ($125, 900. 00).
 Yes. No.