Arizona republican., 1913-10-26
RESOLUTION NO. 643

A RESOLUTION ordering an elec- ton to authorize the issuance of bonds flor funding the floating in- debtedness of the City of Phoenix up to July 1, 1913; for purchasing two tracts of land for park purposes, fer 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 incurring 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 4fo) of the value of the taxable property in said City as ascertained by the last as sessment of taxable property in said City for city purposes made previous to the incurring of the indebtedness the Common Council of the City of in 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 floa ting indebtedness of the City of Phoenix up to July 1st, 1913 amount ing to approximately One Hundred and Twenty-Five Thousand Dollars ($125.O00.0O).
 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. 100000
 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 (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,O0O,- OO).
 FIRE DEPARTMENT IMPROVE MENT Bonds for the purpose of enlarging the Fire Department of the City of Phoenix increasing it's equipment, extending it's fire alarm system and the establishment of substations for said Fire Depart ment said bonds to be in the amount of Seventy five Thousand Dollars ($75, ,O00.0O).
 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. .0OO.OO).
 All said bonds shall be in denomin- ations of Five Hundred Dollars ($5O0O0) each, shall bear the date of their issuance and be numbered consecutively from One upwards, the principal to be due in forty (4O) 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 Twelve Thousand Five at the rate of Thirteen Thousand Seven Hundred and Fifty Dollars ($13,750.00) thereof per annum from and after the expiration of twenty (2O) years from their date. all of said bonds to bear interest at the rate of five per cent