Arizona republican., 1913-11-05

1 tion or otherwise from the West line l of Central Avenue to the East line i of Second Avenue in said City of ] Phoenix. to an approximate width | of fifty-seVen feet (51D, said Van 1 Buren Street when so widened to be for the use of the public, said bonds i to be issued to the amount of Twen-
 tw-five Thousand Dollars ($25,00O,- oO).
 l FIRE DEPARTMENT IMPROVE MENT Bonds for the purpose of l enIarging the Fire Department of
 the City of Phoenix, increasing its 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 i ($75,OOO00).
 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 l ($25 ,OOO.OO).
 All said bonds shall be in denomin- ations of Five Hundred Dollars (s5OOOO) each shall bear the date of their issuance and be numbered consecutively from One upwards, the principal to be que III forty N4O) years from date hereof, 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
 ($13, ,75OOO) thereof per annum from 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-annually on the first day
 of January and July of each year af- ter their issuance Principal and in
 terest shall he paid in lawful money
 of the United States of America in the office of the City Treasurer Of
 the City e Phoenix, Maricopa Coun- ty, State of Arizona, or at such Bank
 in the City of Phoenlx, 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 Phoenix and attested by the City Recorder thereof, and
 have the sea, of the said City of
 Phoenix attach c thereto, and each
 ond 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- Of he ci0 nf 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
 the sale of said bonds and the date
 and hour of said sale, and shall
 cause a 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 a mo-
 tice that sealed. proposals will be 1 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 sea.ed proposals received by them and shall award the purchase of i said tonds to the highest and best responsible bidder. provi.lc5 that none of said bonds shall be sold for Crued interest; and all bids or proposals received for the pur- chase of said bonds or other evil l dences of indebtedness shall be ac- | companied by a certified check not l ! less than five per cent 6 per cenD 1 1 of the total amount of said bid ana | The Common Council of the City i of Phoenix shall reserve the right to reject any and all bids. and all such | certified checks accompanying bids 1 which are not accepted and which are rejected, shall be returned to por- 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 NoveIn- 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