Bisbee daily review., 1919-06-06

be filed with the City Clerk of said City, for the purchase of said bonds, on the date and hour named
 It is further ordered that a meeting of the Common Council of the City of -Bisbee be held, and it is hereby called to be held at said place, date and hour, for the purpose of receiving and open ing said bids. and to act thereon, at which meeting such sealed proposals will be opened, and there will be awarded the purchase of said bonds to the highest and best responsible bidder, or bidders therefor; provided that none of said bonds shall be sold for a less amount than par, and ac- crued interest All bids or proposals received for the purchase of said bonds shall be accompanied by a cer- tified check, for a sum of not less than five (59o) per cent of the total amount of such bid, and the Common Council of the City of Bisbee shall have the right to reject any, or all bids; and all such certified checks ac- companying bids which are mot accept ed, and which are rejected, shall be returned to the party rendering same.
 The certified check so deposited by the successful bidder shall be retained by this Council and shall be forfeited in the event that such bidder shall not carry out the terms of the contract herein provided to be entered into. provided, however, that such forfeit ure shall not be deemed or taken as stipulated or liquidated damages for breach of said contract, and shall not prevent the said Common Council from recovering damages under such contract for the benefit of the said City of Bisbee.
 Bidders shall be and are hereby mo- tified that the amount of interest said bonds shall bear is five and one-half (51R9o) per cent per annum.
 Said bonds are in the aggregate amount of Two Hundred Thousand Dollars ($2O0,00OOO), and the issue consists of Two Hundred (200) bonds, numbered from one CD to two hun dred (200- both inclusive, in the de- nomination of One Thousand Dollars (S1 ,000.00- each, which said bonds shall be dated and issued on the 18th day of May, 1919, and shall become due and payable as follows, to-wit: Bonds numbered serially from one (1) to ten (10), both inclusive, on or before the 18th day of May, 1920, and a like amount, according to serial number, due on the 18th day of May of each year thereafter following. un- til all of said bonds shall have been paid; both principal and interest of said bonds being payable in gold coin of the United States of America, of or equal to the present standard of weight and fineness, and bearing in- terest at the rate of five and one-half (51596) per centum per annum, pay able in like medium semi-annually on the 18th day of May, ana the 18th day of November of each year; both prin- cipal and interest payable at the office of the City Treasurer of the City of Bisbee, County of Cochise, State of Arizona, or at the Hanover National Bank, of the City and State of New York, at the option of the holder.
 Said bonds shall be signed by the Mayor of said City of Bisbee. and at tested by the Clerk of said City, with the Corporate Seal of the said City affixed thereto, and the annexed inter- est coupons shall be executed by the Autographed fac-simile signatures of said Mayor and City Clerk; provided, however, that it shall not be necessary to impress upon any snch coupon the Seal hereinbefore mentioned.
 Bidders are notified to address all communications, and to send all bids to "City of Bisbee, care of the City Clerk" and are notified to mark plain ly on the outside of the envelope con- taining any bid Proposal for the pur- chase of City of Bisbee 1919 Street Improvement Bonds"
 COMMON COUNCIL or THE CITY
 OF BISBEE,
 By JACOB ERICKSON, Attest-M. l.. BUTLER, Mayor.
 Cifu N1ort