Arizona republican., 1913-11-23
RESOLUTION NO. 643


 A RESOLUTION ordering an cleo
 tiOn to authorize the issuance Of
 bonds for funding the floating in
 debtedness of the City of Phoenix
 up to July 1, 1919; for purchasing
 two tracts of land for park purposes,
 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
 
 indebtedness of said City would ex ceed four per centum (4G6) of the value Of the taxable property in said 1 City, as ascertained by the last as l sessment of taxable property in said l City for city purposes made previous 1 to the incurring of the indebtedness contemplated by this Resolution, shall
 the Common Council of the City of ] Phoenix, in said County and State l issue the following bonds of the I 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 1 ($125 ,O0O.OO).
 | 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, ,0OO.0O).
 STREET IMPROVEMENT Bonds, | for the purpose of street improve l ments and particularly the widening l of Van Buren Street by condemna- ! tion or otherwise from the West line l of Central Avenue to the East line 1 of Second Avenue in said City of Phoenix, to an approximate width of fifty 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- ! five Thousand Dollars ($25,000, 0O).
 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
 sub-stations for said Fire Depart ment, said bonds to be in the amount | of Seventy five Thousand Dollars ($75, ,0OO.OO).
 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 0O00O).
 All said bonds shall be in denomin- ations of Five Hundred Dollars ($5O00O) 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 thereof, 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 Seven Hundred and Fifty Dollars 1 ($13, ,750.00) thereof per annum from 1 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 per annum. interest thereon shall be | paid semi on the first day of January and July of each year af- | ter their issuance. Principal and in 1 terest shall he paid in lawful money 1 of the United States of America in the office of the City Treasurer of the City oe Phoenix, Maricopa Coun- | ty, State of Arizona, or at such Bank l 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 of said bonds; place of payment to 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 PhOepiX and attested by the City Recorder thereof, and have the sea of the said City of Phoenix attach d thereto, and each