Arizona republican., 1913-11-21
RESOLUTION NO. 643

 for street improvements; for the enlargement and improvement of the Fire Department of the City of Phoenix and for Street Lighting Bonds
 THE COMMON COUNCIL OF
 PHOENIX DO RESOLVE AS
 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. D. 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 of Phoenix, in the County and State aforesaid, together with the existing indebtedness of said City would ex- ceed four per centum (4%o) of the value of the taxable property in said City. as ascertained by the last as sessment of taxable property in said A1 to the fncurring of the indebtedness contemplated by 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.O 5.OOOOO).
 PARK Bonds, City of Phoenix. for the purpose of providing a 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 ($25,0O0.OO).
 STREET IMPROVEMENT Bonds, for the purpose of street improve ments and particularly the widening of Van Buren Street by condemna- tion 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 (57O, said Van Buren Street, when so widcncd to be for the use of the public, said bonds to be issued to the amount of Twen- tw-five Thousand Dollars G25.OOO. 0O).
 FIRE DEPARTMENT IMPROVE l \ ' IN eel the Fire Department of | the City of Phoenix, increasing it's equipment, extending it's fire alarm | system and the establishment of sub stations for said Fire Depart ment. said bonds to be in the amount l of Seventy-five Thousand Dollars | (s75, ,OOO.O0).
 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 l of Twenty-Five Thousand Dollars | ($25, ,OOO.O0).
 All said bonds shall be in denomin- | ations of Five Hundred Dollars l (s5OO.OO) each, shall bear the date | of their issuance and be numbered | from One upwards, the | prlnclpdI. IO De Cu0 III 1OIty nv | 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 1 Seven Hundred and Fifty Dollars l ($13, ,75O.0O) thereof per annum from | and after the expiration of twenty l (2O) 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 | .he City oe 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 ,f said bonds: place of payment to 1e mentioned in said bonds, and shall 1e made payable to bearer, and said ponds are to be signed by the Mayor ,f said City of Phoenix and attested Dy the City Recorder thereof, and nave the sea, of the said City of Phoenix attach q thereto, and each ond shall have interest coupons att ached thereto so that the same may pc removed therefrOm without mu- Hating the bonds, for the semi annual interest to accrue thereon, which coupons shall have a fac-si- nile of the signatures of the Mayor md Recorder of said City of Phoe- fix Autographed or printed thereon. provided that it shall not bc neces- ;ary to impress upon such coupons he seal of said City of Phoenix Said bonds shall be sold by The Common Council of the City of Phoe- lix at a regular or special meeting :alled for that purpose after caus- ng to be entered upon the records -rnil nrrn (Nn11r1ni1 nf the