Arizona republican., 1913-10-28

l
 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
 of Seventy five Thousand Dollars l ($75.OOOOO).
 STREET LIGHTING Bonds for the purpose of installing light standards
 for lighting and beautifying the bonds to be issued to the amount
 of Twenty five Thousand Dollars 1 ($25, ,OO0.OO).
 All said bonds shall be in denomin- ations of Five Hundred Dollars | ($5OO.O0) each, shall bear the date of their issuance and be numbered | consecutively from One upwards, the principal to be due in forty (40) years from date hereof. provided that | The Common Council of the City of i Phoenix reserves the right to pay off such bonds in their numerical order | at the rate of Thirteen Thousand | Seven Hundred and Fifty Dollars l C$13,750.00) thereof per annum from i and after the expiration of twenty l (2O) years from their date all 1 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 eacn year af | ter their issuance. Principal and in | terest shall be paid in lawful money | of the United States of America in the office of the City Treasurer of 1 the City of Phoenix, Maricopa Coun- ty. State of Arizona, or at such Bank in the City of Phoenix, in said State i 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 i Phoenix, at the option of the holder 1 of said bonds; place of payment to i be mentioned in said bonds, and shall be made payable to bearer. and said bonds are to be signed by the Mayor of said City of Phoenix and attested by the City Recorder thereof, and have the seal of the said City of Phoenix attach.d q thereto, and each bond shall have interest coupons at tached thereto so that the same may be removed therefrom without mu- tilating the bonds, for the semi annual interest to accrue thereon, which coupons shall have a fac-si- mile of the signatures of the Mayor and Recorder of said City of PhOe- nix Autographed or printed thereon, provided that it shall not be neces- sary to impress upon such coupons the seal of said City of Phoenix.
 Said bonds shall be sold by The Common Council of the City Of Phoe- nix at a regular or special meeting called for that purpose after caus- ing to be entered upon the recOrds
 of said The Common Council of the City of Phoenix an order directing | 1n 1at tn
 and hour of said sale. and shall
 cause copy of said order to be published for at least four consecu-
 tive weeks before said sale in such
 daily or weekly newspaper or news
 papers as may be designated by
 said The Common Council of the
 City of Phoenix, together with no tice 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 Com mon 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 Oe
 said bonds to the highest and best
 responsible bidder, provided that none
 of said bonds shall be sold for less amount than par with ac- Crued interest: and all bids or proposals received for the pur- chase of said bonds or other evil
 dences of indebtedness shall be ac- companied by a certified check not
 less than five per cent 6 per cenD
 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 accepted and which are rejected, shall be returned to par ties rendering same.
 Certified check so deposited by the successful bidder shall be retained by
 said The Common Council of the
 City of Phoenix and shall b. 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 cf The Common Council of the City
 of Phoenix the amount of bonds
 sold. their numbers and dates.
 Second: That said election shall be held on the 26th day of Novela- Der, A. D. 1913, between the hours of o'clock 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 designated by the Common Council of the City of Phoe- nix, and such election shall be con- ducted by such election officers of
 said City of Phoenix to be hereafter named by said Common Council and
 the ballots used at said election shall