Bisbee daily review., 1919-06-14

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 he 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 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 cer- tified check, for a sum of not less than five (5To) 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- 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 herein provided to be entered into. provided, however, that such forfeit ure shall not be deemed or taken as 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 saio bonds shall bear is five and one-hali (51k%o) per cent per annum.
 Said bonds are in the aggregate amount of Two Hundred Thousand Dollars (s200, ,000.0o), 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 15tf | 4f oI, due and payable as follows, to-wit Bonds numbered serially from ont CD to ten (10), both inclusive, on ol before the 18th day of May, 1920, ana like amount, according to seria number, due on the 18th day of May of each year thereafter following, un til all of said bonds shall have beer paid; both principal and interest O said bonds being payable in gold coiI of the United States of America, of ol equal to the present standard O weight and fineness, and bearing in terest at the rate of five and one-hal (5k96) per centum per annum, pay able in like medium semi-annually ol the 18th day of May, ana the 18th da! of November of each year; both prin cipal and interest payable at the offic' of the City Treasurer of the City o Bisbee, County of Cochise, State o Arizona, or at the Hanover Nationa Bank, of the City and State of Nev York, at the option of the holder.
 Said bonds shall be signed by th, Mayor of said City of Bisbee. and at tested by the Clerk of said City, witt the Corporate Seal of the said Cit, affixed thereto, and the annexed inter est coupons shall be executed by tn Autographed fac-simile signatures O said Mayor and City Clerk; provided however. that it shall not be necessar. tn impress upon any such coupon tn Seal hereinbefore mentioned.
 Bidders are notified to address al communications, and to send all bid to City of Bisbee, care of the Git. Clerk" and are notified to mark plain ly on the outside of the envelope con taining any bid Proposal for the puI chase of City of Bisbee 1919 Stree Improvement Bonds"
 | COMMON COUNCIL OF THE CITY
 OF BISBEE,
 By JACOB ERICKSON, Attest-M. L. BUTLER, Mayor
 City Clerk.