Arizona republican., 1913-10-06

for public use; and to provide funds to the amount of Seventy five Thous- and Dollars ($75, ,0OO.0e) for the pur-
 pose of enlarging the fire depart
 ment of the City of Phoenix and in creasing its equipment, by extending the fire alarm system. by the pur- chase of additional fire fighting ap-
 paratus and the establishment of sub stations for the said fire depart
 ment. Said bonds shall be in de-
 nominations of Five Hundred Dollars
 ($500-00) each, shall bear the date of
 their issuance and be numbered con-
 secutively from One upwards, the
 principal to be due in twenty (20)
 years from date thereof, provided
 that The Common Council of the City of Phoenix reserves the right to
 pay off such bonds in their numeri- cal order at the rate of Twenty-five Thousand Dollars ($25,OOO00) thereof per annum from and after the ex-
 piration of ten (10) years from their date, all of said bonds to bear interest at the rate of five per cent per an
 mum; interest thereon shall be paid
 semi annually on the first day of
 January and July of each year after
 United States of America in the of
 flee of the City Treasurer of the City of Phoenix, MaricOpa County, 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 may be designated by the Common Council of the City of Phoe-
 nix, 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 1 bonds are to be signed by the Mayor of said City of Phoenix and at
 tested by the City Recorder thereof ard to have the seal of the said City of Phoenix attached thereto, and each
 bond shall have interest coupons at
 tached thereto so that the same may
 be removed therefrom without muti-
 lating the bonds for the semi-annual interest to accrue thereon. which coupons shall have a fac-simile of the signatures of the Mayor and Re
 corder of said City of Phoenix litho-
 graphed or printed thereon, provided,
 that it shall not be necessary to i'm
 press upon such coupons the seal
 of said City of Phoenix Said bonds
 shall be sold by the Common Council of the City of Phoenix at a regular 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 consecutive weeks before said sale in such daily or weekly newspaper or
 Iewspa pers as may be designated by said The Common Council of the City of Phoenix, together with a notice
 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 Common Council of the City of Phoenix shall at said tine. and at a meeting to be held for such purpose, open all sealed proposals re- Ceived by them and shall award the
 purchase of said bonds to the high est and best responsible bidder, pro- vided 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 Indebtedness shall be accompanied by a certified check not less than five per cent 6 per cent) 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 accompanying bids which are not ac
 cepted and which are rejected, shall be returned to parties rendering the same Certif ed check so deposited by the successful bidder shall be retained by said The Common Council of tho City of Phoenix and shall be 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 PhOe- nix the amount of bonds sold. their numbers and dates.
 Second: That said election shaB bt held on the 11th day of October. A. D. 1913, between the hours of 6 o'clock in the forenoon and 6 o'clock in the afternoon of that day at the regular voting places within the linn it's of said City of Phoenix to be hereafter designated by The Common 1 Council of the City of Phoenix and 1 such elections shall be conducted by i such election officers of said City of l Phoenix to be hereafter named by | said The Common Council and the . their issuance. Principal and interest shall be paid in gold coin of the ba lIatS I1SRd at said pIaCtiOnk shall he