Arizona republican., 1913-07-03

One upwards, the principal to be due in twenty years from date thereof, provided that the Common Council l of the City of Phoenix reserves the right to pay off such bonds in their numerical order at the rate of Seven 1 teen Thousand Five Hundred Dollars | ($17,5000O) thereof per annum from and after the expiration of ten (10) 1 years from their date, all of said | bonds to bear interest at the rate of l-- per cent per annum; inter- | est thereon shall be paid semi-annual- | ly on the first day of January and July of each year after their issuance. 1 Principal and interest shall be paid { in gold coin of the United States of
 America in the office of the City i Treasurer of the City of Phoenix. | Maricopa 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 1 of New York, or such place as may l be designated by the Common Coun- 1 cil 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 to be signed l by the Mayor of said City of Phoenix and attested by the City Recorder 1 thereof and have the seal of the said , City of Phoenix attached thereto, and l each bond shall have interest coupons attached thereto so that the same may be removed therefrOm without mutilat- 1 ing the bonds for the semi-annual in- terest to accrue thereon. which cou- ] pOns shall have a fac-simile of the signatures of the Mayor and Recorder | of said City of Phoenix lithogra phed l +ol +l x1o.1 ;+ shall not be necessary to impress upon such coupons the seal of said City of Phoenix. Said bonds to be sold by the Common Council of the City of Phoenix at a regular or special meet ing called for that purpose after caus- ing to be entered upon the record of said the Common Council of the City 1 of Phoenix an order directing the
 sale of said bonds and the date and hour of said sale and shall cause a 1
 copy of said order to be published l
 for at least four consecutive weeks !
 before said sale in such daily or
 weekly newspapers as may be desig- l
 mated by said Common Council of 1
 the City of Phoenix, together with 1 Notice that sealed proposals will be 1 received by it for the purchase of said , bonds on the date and hour named 1 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 received by them and shall | award the purchase of said bonds to the highest and best responsible bid der, provided 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 or other evidences of in debtedness shall be accompanied by a certified check not less than five per cent (5f6) of the total amount of said bid and the Common Council of the City of Phoenix shall reserve the right to reject any and all bids and all such certified checks accompany ing bids which are not accepted and which are rejected, shall be returned to the parties rendering the same. Certified check so deposited by sue cessfuI 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 the terms of the contract, provid- ed 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 be | held the 31st day of July A. D. 1913 between the hours of o'clock I 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 by The Common Council afore- . said and such election shall be con ducted by such election officers of 2 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:
 FUNDING, PARK AND STREET BOND ELECTION CITY OF PHOENIX.
 To vote for the issuance of bonds, Q place an x in the square under the Il word Yes" a
 To vote against the issuance of c bonds, place an x in the square under c the word No" c
 The indebtedness of the City of ' Phoenix now being in excess of four t per centum of it's taxable property t shall bonds be issued in the sum of t One Hundred and Seventy five Thou I sand Dollars ($175, ,0OOOO) for the pur- t pose of funding floating indebtedness S up to July 1, 1913, amounting ap- a to One Hundred and il Thousand Dollars (s125.- z 900 .OO), for providing a fund to the of Twenty-Five Thousand Dol lars ($25, ,0O000) in purchasing two or (