Bisbee daily review., 1919-04-23

pons shall be in substantially the fol- lowing forms:
 UNIFIED STATES OF AMERICA,
 State of Arizona,
 County of Cochise,
 No. ...... City of Bisbee. $1,OOO.OO
 1919.
 STREET IMPROVEMENT BOND
 KNOW ALL MEN BY THESE PRESENTS: That the City of Bisbee, in the County of Cochise and State of Arizona, acknowledges to owe and for value received hereby promises to pay the bearer One Thousand Dollars (s1,0O000) on the firteenth day of May, A. D., 1920, with interest there on from the date hereof, at the rate of five an done-half (51s) per centum per annum, payable semi-annually, on the 18th day of May and the 18th day of November, in each year, on pre- sentation and surrender of the annex ed interest coupons as they severally become due. Both principal and inter- est of this bond are hereby made pay able in gold of the United States of America, of the present standard weight and fineness, at the office of the Treasurer of the City of Bisbee, or at the Hanover National Bank of the City and State of New York, at the option of the holder. And for the prompt payment of this bond and the interest thereon, the full faith, credit and resources of the City of Bisbee are hereby irrevocably pledged.
 This bond is one of series of two hundred (2O0) bonds of like tenor, is sued for the purpose of supplying funds for the. construction or i'm provement, or construction and i'm provement of certain streets and high ways, or portions thereof, within the said City of Bisbee, Arizona, under the authority of Chapter 2, Title 52 of the Revised Statutes of the State of Arizona, 1913, and of an election duly called and held in said City.
 And it is hereby certified and recited that all acts, conditions and things re Quired to be done precedent to and in the issuing of this bond have been done, happened and been performed in regular and due form as required by law; and that the total indebted ness of the City of Bisbee, Arizona including this bond, does not exceed the statutory or constitutional limi tations.
 IN TESTIMONY WHEREOF, the Common Council of the City of Bis bee, County of Cochise, State of Ari zona, has caused this bond to be sign ed by the Mayor and countersigned by the City Clerk, with the seal thereof hereto affixed, and the annexed inter coupon to be executed with the fac simile signature of said officers, this 18th day of May, 1919.
 JACOB ERICKSON Mayor,
 Countersigned:
 M. L. BUTLER, City Clerk.
 (Form of Coupon) No...... S275C | On the 18th day, of November-May A. D. 19 , the City of Bisbee in the County of Cochise, in the State of Arizona, promises to pay to bearer, Twenty-seven and 5O-10o Dol lars ($2z5e), in gold coin, at the of flee of the Treasurer of the City oi Bisbee, Arizona, or at the Hanover National Bank of the City and State of New York, at the option of the holder, for interest due that day on its Street Improvement Bond, 1919.
 Dated May 18th, 1919.
 JACOB ERICKSON, Mayor.
 Countersigned,
 M. L. BUTLER, City Clerk.
 Section 6. Said bonds, when duly prepared and executed, as herein pro vided, shall be delivered by the Com mon Council of the City of Bisbec County of Cochise, State of Arizona to the lawful purchaser thereof, in accordance with the law and the con. tract of purchase made to that end and within the amount of bonds sold and the numbers and description of said bonds shall be duly entered of record on the records of the Common Council of the City of Bisbee; and the proceeds derived from the sale of said bonds shall be used exclusively for the purpose recited in said bonds as hereinbefore set forth; but the pur. chaser of the said bonds shall be in no wise responsible for the applica- tion of the proceeds of said bonds by said City of Bisbee, or any of it's of ficers.
 Section 2. That for the purpose of