Bisbee daily review., 1919-05-14


 cry Gulch and Review Alley, to a point
 about 15O feet south of the Queen
 Laundry in the said City of Bisbee, of an approximate length of 2376 feet,
 and an approximate width of 30 feet,
 and the grading, paving, curOing and
 guttering that certain portion of Quar-
 " Canyon beginning at the spillway
 near the Loretto School, thence in a
 southedly direction up said Quarry
 Canyon for a distance of 750 feet,
 and of an approximate width ot
 32 feet; and the grading, paving, curbing and guttering of the full
 length of what is known as
 subway street, approximately 4S5I
 feet in length, and of an ap-
 pporximate width of 20 fee,; and the
 grading, paving, curbing and guttering
 of that certain portion of what is known as Upper Naco Road, beginning , at a point upon a line with the east line of the City Hall, thence to the
 corner of the Phelps-Dodge Corpora
 tions' office lot, and being of an ap- proximate distance of 345 feet, and of
 an approximate width of 59 feet, and , which construction or improvement, ; or construction and improvement herein before set out, is estimated at an aggregate sum total cost of Two Hundred Thousand Dollars (S2O0,- , 00O.00): All of such streets and high ways and work and improvement con templated being within the corporate
 limits of the City of Bisbee, County of Cochise, State of Arizona; Said bond issue to consist of Two Hundred (200) bonds, numbered from l to 200, both inclusive, in the denomi- nation of One Thousand Dollars (s1, 100000 each, which said bonds
 shall be dated May 18th, 1919, and bear interest at the rate of five and one-half (51z) per centum per annum, which said interest shall be due
 and payable semi-annually, on the 18th ? day of November and the 18th day of May, of each year, beginning Novem- ? Der 18th, 1919; Said bonds to run for l period of twenty (20) years, payable - as follows: Bonds numbered serially ] from 1 to 10, both inclusive, on or be- F fore the 18th day of May, 1920, and a
 like amount, according to serial nuJr- bers, due on the 18th day of May of each year thereafter following until l all of .aid bonns shall have been paid :; 3 both principal and interest of said 1 bonds being payable in gold coin of l. the United States of America, at the 3 office of the Treasurer of the City of ] Bisbee, Cochise County, State of Ari- l zona, or at the Hanover National bank r of the City and State of New York, at :, option of the holder, and each of said the option of the holder, and each of 9 said bonds shall be signed by the z mayor of said city and duly attested by
 the Clerk thereof, with the corporate + seal affixed thereto, and the annexed
 interest coupons shall be executed by Autographed fac-simile signature of ; said mayor and City Clerk, provided however, that it shall not be neces-
 sary to impress upon any such coupon the seal hereinbefore mentioned?
 Section 2. That at said election , there was cast total number of Three Hundred (300) votes; that Two Hun . dred and Fifty-eight (25S) of said , Three Hundred (SOO) votes were cast
 for the bonds and Forty-two C42) of
 said Three Hundred (30O) votes were cast against the bonds; that said Two Hundred and Fifty-eight (25S) votes !. cast for the bonds were majority of
 all the votes cast at said election, and
 that the proposition for issuing the said bonds was carried by a majority
 of the said votes cast at said election.
 Section 8. That for the purpose of
 acquiring funds to be used in the con-
 struction or improvement, or con- struction and improvement of certain
 streets, highways or portions thereof, 5 within said City of Bisbee, Arizona, '- there are hereby authorized to be is- sued and duly executed the negotiable coupon bonds of the City of Risbee, Arizona, in the aggregate amount of @ Two Hundred Thousand Dollars n ($2O0, 100000, which said issue shall 7 consist of Two Hundred (2OO) bonds, ], in denominations of One Thousand s Dollars t$1,OOO.OO) \, each, numbered t from One (D to Two Hundred (2OO), s both inclusive; shall be dated the 18th > day of May, 1919, and shall become r. due and payable as follows: As set :, forth in paragraph of this resolution | and order, f d Bonds shall run for a period of + twenty 12O) years, payable to bearer,