Arizona republican., 1913-10-03

authorize the issuance of bonds for
 funding the floating indebtedness of
 the City of Phoenix up to July 1. 1913; for purchasing two tracts of
 land for park purposes; for street improvements; and for the extension and improvement of the fire depart
 ment of the City of Phoenix.
 THE COMMON COUNCIL OF PHOENIX DO RESOLVE AS FOLLOWS:
 First: That the following prOpo- sitfon be, and the same is hereby sub mitted to the qualified electors and property tax payers subject to taxa ton within the corporate limits with in 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 the 11th day of October, A. D., 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 percentun of the value of the taxa bIe proptrty in said city, as is ascer- tanned Ly the last assessment Ol taxable property in said City for City purposes, made previous to incurring of the indebtedness contemplated by this resolution, shall The Common Council of the City of Phoenix, in said County and State, issue bonds of the City of Phoenix, in the amount of Two Hundred and Fifty Thousand Dollars (S25O, 100000, for the purpose z up to July l, 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 ($25000O0) 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 st line of Second avenue, in said City to an approximate width of fifty-seven (5D feet; said Van Buren Street when so widened to be for public use; and to provide funds to the amount of Seventy five ThOus- and Dollars ($75, ,OO000) for the pur- pose of enlarging 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 b-statfons for the said fire depart ment Said bonds shall be in de- nominations of Five Hundred Dollars ($5O000) 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
 ray off such bonds in their numeri-
 cal order at the rate of Twenty-Five
 Thousand Dollars ($25, 5,060OO) thereof
 per annum from and after the ex-
 piration of ten (1O) years from their
 date all of said bonds to bear interest
 al 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