Bisbee daily review., 1919-06-28

A E
 Street Improvement Bonds of the
 City of Bisbee, State of Arizona, and
 Notice That Sealed Proposals Will
 be Received by Said City of Bisbee
 for the Purchase of Said Bonds.
 It is ordered that the 1919 Street Improvement Bonds of the City of Bis bee, State of Arizona, the issuance of which was directed and authorized by the duly qualified electors of said City, being property taxpayers therein, at the election held in said City on the 24th day of March, 1919, be and the same are hereby directed to be sold; that such sale be made on the 2Sth day of June, 1919, at the hour of 4:30 o'clock, P. M, at the Council Chamber of the Common Council, in the City Hall of said City; that a copy of this order be published for at least four (4) consecutive weeks before said sale, in the following newspaper pub lished in the said City of Bisbee, State of Arizona, in the Bisbee Daily Re view, hereby designated by this body for such purpose; that notice shall be, and is hereby given that sealed pro- posals will be received by the Com mon Council of said City of Bisbee, to 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 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 i 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 less amount than par, and ac- crued interest. All bids or proposals | received for the purchase of said bonds shall be accompanied by cer- tified check, for a sum of not less
 than five (596) 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 not 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 1 stipulated or liquidated damages for a 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 no tified that the amount of interest sain bonds shall bear IS five and one-half
 (5152o) per cent per annum.
 Said bonds are in the aggregate amount of Two Hundred Thousand
 Dollars (s2OO, ,O0O.OO), and the issue consists of Two Hundred (200) bonds,
 numbered from one G) to two hun. dred (200- both inclusive, in the de- nomination of One Thousand Dollars 1 (S1 100000 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 i CD to tea (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 i (51z96) per centum per annum, pay
 able in like medium semi-annually on
 the 18th day of May, ana the 18th day of November of eacn year; both prin- ! cipal and interest payable at the office i of the City Treasurer of the City of | Bisbee, County of Cochise, State of 1 Arizona. or at the Hanover National ! Bank of the City and State of New
 York, at the option of the holder.
 Said bonds shall he 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 he executed by the Autographed fac-simile signatur of said Mayor and City Clerk; provided, however that it shall not he necessary to impress upon any such coupon the
 Seal hereinbefore mentioned.
 Bidders are notified to address all communications, and to sond all bids