Arizona republican., 1913-09-19
1913. in said city. county and state.

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 1 percentum of the value of the taxa i bIe proptrty in said city, is ascer- 1 tained by the last assessment of taxable property in said City for City purposes, made previous to mourning 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 ($250, ,000.00), for the purpose i Of funding it's floating indebtedness up to July l, 1913, amounting to ap-
 proXimately One Hundred and Twen- | ty-five Thousand Dollars 5,0O000)
 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 1 City of Phoenix, said land to be used i by said City of Phoenix and the ! inhabitants thereof as public parks. 1 and further to provide funds to the
 amount of Twenty-Five Thousand 1 Dollars ($25, ,000.00) for the purpose of street improvements, and particu- 1 larIy 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 l Buren Street when so widened to be
 for public use; and to provide funds 1 to the amount of Seventy-five Thous-
 and Dollars ($75, ,00O.0O) for the pur- ] pose of enlarging the fire depart l 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 1 sub- stations for the said fire depart l ment. Said bonds shall be in de- nominations of Five Hundred Dollars ! ($50O00) 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 1 that The Common Council of the ! City of Phoenix reserves the right to ray off such bonds in their numeri- cal order al the rate of Twenty five Thousand Dollars ($25,00O00) thereof per annum from and after the ex-
 
 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 their issuance. Principal and interest shall be paid in gold coin of the United States of America in the of flee of the City Treasurer of the City 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, and said bonds are to be signed by the Mayor of said City of Phoenix and at tested by the City Recorder thereof aEd 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 mutt lating the bonds for the semi-annuaI interest to accrue thereon. which coupons shall have q 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 a 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 l
 by it for the purchase of said bonds l on the date and hour named in said i order. Said The Common Council of | the City of Phoenix shall at said time 1 and at a meeting to be held for such 1 purpose, open all sealed proposals re- l Ceived by them and shall award the l purchase of said bonds to the high | est and best responsible bidder pro
 vided that none of said bonds shall | be sold for less amount than par | with accrued interest and all bids or i proposals received for the purchase | Of said bonds other evidences of indebtedness shall be accompanied by
 a certified check not less than five
 per cent c per cenD of the total amount of said bid and The Common Council of the City of Phoenix shall reserve the right to reject any and all bids and all such certified checks accompanying bids which are not aC- cepted and which are rejected, shall be returned to parties rendering the same. Certif ed check so deposited by the successful bidder shall be retained by said The Common Council of tho City of Phoenix and shall be for feited in the event that such bidder shall not carry out the terms of -I,gl