Bisbee daily review., 1919-04-23

provided to be levied for the payment of interest upon said bonds, levy the necessary tax for the purpose of redeeming said bonds, when the same shall mature, as speci- fled in the order and resolution of the Common Council of the City of Bisbee, calling for the election here inbefore mentioned, and all money de- rived from the levy of all taxes here in provided, when collected, shall con stitute fund and be called the 1919 Street Improvement Redemption Fund.- and shall be used for the re- demption of said bonds, said taxes to be levied annually so as to provide a fund for the redemption of said bonds when the same shall mature.
 Section 8. That proper certificate of the. holding of said, bond election, stating the object of such election, the proposition submitted to the vot- CTS thereat, the total number of votes cast at said election, the total number of votes foriiand against the proposi- tion submitted, the result of said cleo tion, and order creating the indebted ness authorized by said election, has been duly filed with the County Re corder of the County of Cochise, State of Arizona, and is now of record in said office,
 Section g. That public notice shall be given of the intention of the Con- mon Council of the City of Bisbee, to negotiate and sell the said bonds here in authorized. and that sealed pro- posals will be received by the said Common Council for the purchase of said bonds on Saturday, the 17th day of May, 1919, at the hour of five (5) o'clock P. M, of said day, and that the said Common Council will at such time and at the meeting to be held for such purpose open the sealed pro posals received by them, and award the said bonds to the highest and best responsible bidder; provided, however that none of said bonds shall be sold for a less amount than par and ac crued interest.
 A copy of this order shall be pub lished for at least four consecutive weeks before said sale in the Bisbee Daily Review, a newspaper designated by this Council, being newspaper published in the City of Bisbee, Coun ty of Cochise, State of Arizona, oi general circulation therein, together with notice that said proposals will be received by said Common Council foI the purchase of said bonds on the day and hour named in this order which notice so to be given shall be in sub stantially the following form:
 Section 10. That the provisions of this resolution and order, and of each | of the bonds and interest coupons is, sued pursuant hereto, shall constitute and the same are hereby declared to be binding and irrevocable contract between said City of Bisbee, Cochise County, Arizona, and the purchaser of said bonds, and the holder from time to time of each of said bonds and oi the interest coupons thereto attached or appertaining. , 5s
 Section Il. That all resolutions and orders or parts thereof, heretofore adopted by this Council, which may in anyway conflict with the provisions of this order be, and the same are hereby repealed, and this order shall be irrepealable until the indebtedness hereby created, both principal and in terest shall have been fully paid, sat isfied and discharged
 Section 12. That this order and res olution shall be entered of record in the minute book of said Common Council and the Clerk of said City is hereby authorized and directed to cause copy of this order to be pub lished for at least four (4) consecu tive weeks before the sale hereby or dered, together with a copy of the NOTICE OF BOND ISSUE AND SALE" herein contained, in the Bisbee Daily Review, newspaper designated by this council, being newspaper of general circulation, published in the City of Bisbee, Cochise County, Ari. zona; and the Clerk of said City is hereby directed and authorized to eff fectuate all other provisions of this order.
 Section 1S. That the Common Coun. cil of the City of Bisbee shall pass such other ordinance or ordinances as may be necessary prescribing in de. tail the form of the bond, the issuance of which is contemplated under these proceedings, and take any and all ne.