Arizona republican., 1913-11-15
RESOLUTION NO. 643

!
 bonds for funding the floating in-
 debtedness of the City of Phoenix mn to July 1, 1913; for purchasing
 two tracts of land for park purposes, for street improvements; for the enlargement and improvement of the 1 Fire Department of the City of
 Phoenix and for Street Lighting Bonds.
 THE COMMON COUNCIL OF 1 PHOENIX DO RESOLVE AS 1 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 1 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 1 the 26th day of November. A. D. 1913. in said City, County and State, viz: The incurring of the indebtedness hereby proposed to be created by the ! Common Council of the City of 1 Phoenix. in the County and State 1 aforesaid, together with the existing indebtedness of said City would eX- | ceed four per centum (4Ho) Of the value of the taxable property in said City. as ascertained by the last as | sessment of taxable property in said l City for city purposes made previous
 to the mourning of the indebtedness
 contcmpIated by this Resolution, shall 1 inc Common Council of the City of Phoenix. in said County and State i issue the following bonds of the City of Phoenix for the following ! purposes and in the following 1 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 C$125, ,OOOOO).
 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,oo0-o).
 STREET IMPROVEMENT Bonds,
 for the purpose of street improve
 ments and particularly the widening of Van Buren Street by condemna- ton 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 (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-
 tw-five Thousand Dollars G25,000,-
 o0).
 FIRE DEPARTMENT IMPROVE
 MENT Bonds for the purpose of l 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 Thousand Dollars ($75,O0O.O0).
 ) 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
 (S25. .O00.0O).
 ] All said bonds shall be in denomin- I ations of Five Hundred Dollars e (s500.0O) each, shall bear the date T of their issuance and be numbered Q consecutfveIy from One upwards the e principal to be due in forty (4O) :. years from date hereof, provided that ?. The Common Council of the City ol r Phoenix reserves the right to pay oil r. such bonds in their numerical order : at the rate of Thirteen Thousand : Seven Hundred and Fifty Dollar: r. lS13.75O.0O) thereof per annum iron = ard after the expiration of twenty Y (2O) years from their date, al e of said bonds to bear intercs - at the rate cf five per cen { per annum, interest thereon shall b. paid semi-annually on the first da'
 of January and July of each year af
 ter their issuance. Principal and in = terest shall te paid in lawful none,
 of the United States of America Il 'l the office of the City Treasurer O 'o Inc Ci4v os Phoenix, Maricopa Coun , tv State of Arizona, or at such Ban .A in the City of PhoenIX, in said Stat and County, 1r in the City of NeN York. in the State of New York, O I' such place as maybe designated D x the Common Council of the City O II Phoenix at the option of the h0lde
 of said bonds; place of payment [ If be mentioned in said bonds, and sha " be made payable to bearer, and sal IT bonds are to be signed by the M~yo T. of said City of Phoenix and atteste T by the City Recorder thereof. an ar have the sea, of the said City C a. Phoenix attach q thereto, and eac
 ond shall have interest coupons at . tached thereto so that the same ma
 be removed therefrom without mu - tilating the bonds, for the semi annual interest to accrue thereon . which coupons shall have a fac-sl % mile of the signatures of the Mayo - and Recorder of said City of Phoe a- nix Autographed or printed thereon al provided that it shall not be neces g. sary to impress upon such coupon ii the seal of said City of PhOeni :. Said bonds shall be sold by I'll { Common Council of the City of Phoe r.i.- rcG,lIar nr snncial naaI in