Arizona republican., 1913-10-09

1913, in said city. county and state. viz:
 The aggregate amount of indebted ness of the City of Phoenix, in the County of MaricOpa, State of Ari- zona, now being in excess of four | percentum of the value of the taxa ble proptrty in said city, as is ascer- tained by the last assessment of taxable property in said City for City purposes, made previous to incurring 1 of the indebtedness contemplated by i this resolution, shall The Common Council of the City or Phoenix, in said County and State, issue bonds of the City of Phoenix. in the amount of Two Hundred and Fifty Thousand Dollars ($250,00000), for the purpose ! of funding it's floating indebtedness ! up to July l, 1913, amounting to ap- 1 prOXimately One Hundred and Twen- ty-five Thousand Dollars ($125, ,000.00) :;
 to provide funds to the amount of 1 Twenty-Five Thousand Dollars for the purpose of purchasing two or more tracts of land to be hereafter select ed 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, ! amount of Twenty Thousand Dollars ($25, 100000 for the purpose of street improvements, and particu- larly the widening of Van Buren street by condemnation, or otherwise, from the west line of Central Avenue to the east line of Second avenue, in said City to an approximate width of fifty-seven (5O feet; said Van Buren Street when so widened to be for public use; and to provide funds 10 the amount of Seventy five Thous- ard Dollars ($75, ,00G.O0) for the pur- | pose of enlarging the fire depart ment of the City of Phoenix and in | creasing it's equipment by extending i the fire alarm system. by the pur- chase Of additional fire fighting ap- paratus and the establishment of 1 sub-stations for the said fire depart I ment. Said bonds shall be in de- nominations of Five Hundred Dollars ($5OO.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 mum eri-
 cal order at the rate of Twenty-Five
 Thousand Dollars Cs25. .0OO.OO) thereof
 per annum from and after the eX-
 pira ation of ten G0) years from their
 date, all of said bonds to bear interest
 at the rate of five per cent per an
 num- 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
 Al,
 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,s and said
 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
 he 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 inn 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 q copy of said order to be published for at least four consecutive weeks before said sale in such daily or weekly newspaper or newspapers 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 time l and at a meeting to be held for such ] purpose, open all sealed proposals re- | Ceived by them and shall award the i purchase of said bonds to the high l est and best responsible bidder, pro- l vided that none of said bonds shall | be sold for less amount than par l with accrued interest, and all bids or proposals received for the purchase | of said bonds or other evidences of | shall be accompanied by 1 a certified check not less than five l per cent G per cenD of the total 1 amount of said bid and The Common 1