Arizona republican., 1913-09-11
RESOLUTION NO. 622.

RESOLO HON NO. 622.
 A resolution ordering an election to authorize the issuance of bonds for funding the floating indebtedness of the City of Phoenix up to July ], 1913; for purchasing two tracts of land for park purposes; for street improvements; and for the extension and improvement of the fire depart ment of the City of Phoenix
 THE COMMON COUNCIL OF
 PHOENIX DO RESOLVE AS
 FOLLOWS:
 First: That the following proposi- tion be. and the. same is hereby sub mitted to the qualified electors and property tax payers subject to taxa ton within the corporate limits with in the City of Phoenix. County of Maricopa. State of Arizona, to be voted upon by them a an election called for the purpose to be held on the 11th day of october, A. D. 1913, in said city, county and state, viz:
 The aggregate amount of indebted 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 ble property in said city, as is ascer- tained by the last assessment of tax able 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 (S250, ,000.00), for the purpose of funding it's floating indebtedness up to July 1. 1913, amounting to ap prOXimately One Hundred and Twen- ty-five Thousand Dollars ($125.000- OO); to provide funds to the amount Of Twenty-Five Thousand Dollars
 or the purpose of purchasing two or more tracts of land to be hereafter selected 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 (s25 000OO) for the purpose
 street improvements. and particu-
 arly the widening of Van Buren Street by condemnation. or otherwise, from the west line of Central Avenue to the east line of Second Avenue. said City to an approximate width
 fifty-seVen (5O feet; said Van Buren Street when so Widened to be or public use; and to provide funds t1 the amount of Seventy five Thous- and Dollars C750OOOO) 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 paratus and the establishment of
 ub- stations for the said fire depart nent. Said bonds shall be in de-
 ominations of Five Hundred Dollars ts500.00) each. shall bear the date
 f their issuance and be numbered
 Onsecutively from one upwards. the
 rincipal to be due in twenty (20)
 ears from date thereof provided
 hat The Common Council of the City of Phoenix reserves the right to pay off such bonds in their numeri-
 al order at the rate of Twenty-five Thousand Dollars (s25, 5,0O0.O0) thereof per annum from and after the ex- piration of ten GO) 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 -an- nually on the first day of January and July of each year after their is
 uance. Principal and interest shall be paid in gold coin of the United States of America in the office of the City Treasurer of the City of Phoe-
 ix. Maricopa County, State of Ari-
 Ona. or at such Bank in the City
 Phoenix, in said state and county,
 r in the City of New York. in the State of New York, or such place as may be designated by the Com mon Council of the City of Phoenix,
 t the option of the holder of said bonds; place of payment to be mem oned in said bonds and shall be made payable to bearer, and said
 Onds are to be signed by the Ma
 or of said City of Phoenix and at
 ested by the City Recorder thereof
 nd have the seal of the said City st Phoenix attached thereto and each
 ond shall have interest coupons at ached thereto so that the same may
 removed therefrom without mutt ating the bonds for the semi-annuaI interest to accrue thereon, which shall have a fac-simile of the of the Mayor and Re corder of said City of Phoenix litho- graphed or printed thereon, provided, that it shall not be necessary to inn
 ress upon such coupons the seal tf said City of Phoenix. Said bonds snail be sold by the Common Coun- c:l of the City of Phoenix at a regu- ar or special meeting called for that purpose after causing to be entered upon the record 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