Arizona republican., 1913-10-08
1913, in said city, county and state,

1919, 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
 bIe proptrty in said city, as is ascer-
 tained by the last assessment of
 taxable property in said City for City
 purposes, made previous 10 mourning
 of the indebtedness contemplated by
 this resolution. shall The Common
 Council of the City or Phoenix, Tn
 said County and State, issue bonds
 of the City of Phoenix, in the amount
 of Two HU -dred and Fifty Thousand
 Dollars ($25O,00O.00), for the purpose
 Of funding it's floating indebtedness
 up to July ]. 1913, amounting to ap-
 proXimately One Hundred and Twen-
 ty-five Thousand Dollars ($125, ,000.00);
 to provide funds to the amount of
 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,
 and further to provide funds to the amount of Twenty-Five Thousand
 Dollars ($25, ,0OOOO) 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 10 be
 for public use; and to provide funds
 10 the amount of Seventy-five Thous- and Dollars ($75, ,00O.0O) for the pur- pose of enIarging the fire depart
 ment of the City of Phoenix and in creasing it's equipment. by extending
 the fire alarm system, by the pur- chase of additional fire fighting ap- paratus and the establishment of sub-statiOns for the said fire depart mcnt. Said bonds shall be in de- nominations of Five Hundred Dollars
 ($5O0.OO) 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
  cal order at the rate of Twenty five Thousand Dollars ($25,O00.OO) thereof per annum from and after the eX piration of ten 1O) years from their date. all of said bonds to bear interest at the rate of five per cent per an mum; 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 l flee of the City Treasurer Of the City of Phoenix, Maricopa County, State 1 of Arizona, or at such Bank in the 1 City of Phoenix. in said state and 1 or in the City of New York 1 in the State of New York, or such l place as may be designated by the 1 Common Council of the City of Phoe 1 lix, 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 ponds are to be signed by the Mayor If said City of Phoenix and at ested by the City Recorder thereof nd to have the seal of the said City f Phoenix attached thereto, and each 'ond shall have interest coupons at ached thereto so that the same may
 C removed therefrom without mutt ating the bonds for the Semi-annual interest to accrue thereon, which rupons shall have a fac-simile of the ignatures of the Mayor and Re order of said City of Phoenix litho- raphed or printed thereon, provided, hat it shall not be necessary to i'm ress upon such coupons the seal f said City of Phoenix. Said bonds hall be sold by the Common Council  r special meeting called for that ( urpose after causing to be entered pon the record of said The Common 'ouncil of the City of Phoenix an rder directing the sale of said bonds l nd the date and hour of said sale nd shall cause a copy of said order ] ) be published for at least four consecutive weeks before said sale in ( ewspapers as may be designated by 2 aid The Common Council of the City ( f Phoenix, together with a notice ( nat sealed proposals will be received l v it for the purchase of said bonds n the date and hour named in said rder. Said The Common Council of ] le City of Phoenix shall at said time { nd at a meeting to be held for such | { open all sealed proposals re- eived by them and shall award the ! urchase of said bonds to the high ! st and best responsible bidder, pro- ided that none of said bonds shall ! ? sold for less amount than par : ith accrued interest. and all bids or received for the purchase { r said bonds or other evidences of ! shall be accompanied by ,
 certified check not less than five ! PIT cent G per cent) of the total !