Arizona republican., 1913-10-24
RESOLUTION NO. 643

A RESOLUTION ordering an elec- ton to authorize the issuance oi bonds for funding the floating in debtedness of the City of Phoenix up to July l, 1913; for purchasing two tracts of land for park purposes. for street improvements, and for the enlargement and improvement of the Fire Department of the City of Phoenix and for Street Lighting Bonds
 THE COMMON COUNCIL OF THE CITY 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 i the 26th day of November X. D. 1913. in said City. County and State, 1 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 eN- ceed four per centum C4fc) of the value of the taxable property in said l City. as ascertained bv the last as i sessment of taxable property in said l City for city purposes made previous l to the incurring of the indebtedness contemplated by this Resolution, shall l the Common Council of the City of 1 Phoenix, in said County and State issue the following bonds of the 1 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. 5.OOO.o0).
 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 C$25.0OO.0O).
 | 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 widened to be
 for the use of the public, said bonds
 to be issued to the amount of Twen :
 twfive Thousand Dollars C$25,000,
 OO).
 FIRE DEPARTMENT IMPROVE l MENT Bonds for the purpose ot
 enlarging the Fire Department ot
 the City of Phoenix, increasing its
 equipment, extending it's fire alarm
 system and the establishment ot
 sub stations for said Fire Depart
 ment, said bonds to be in the amount | of Seventy five Thousand Dollars ($75. .000OO).
 l 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. 900. 0O).
 All said bonds shall be in denomin- ations of Five Hundred Dollars ($5OOO0) each. shall bear the date l of their issuance and be numbered
 consecutively from One upwards, the
 principal to be due in forty (40)
 years from date thereof provided thar
 The Common Council of the City o
 Phoenix reserves the right to pay of such bonds in their numerical orde1 ! at the rate of Twelve Thousand Five ' Hundred Dollars ($12. .50O.00) thereo ? per annum from and after the eXpir- } ation of twenty (2O) years from thei 5 ldate, all of said bonds to bear in