Bisbee daily review., 1919-05-07
pons shall be in substantially the fol- lowing forms: UNITED STATES OF AMERICA,
 State of Arizona,
 County of Cochise, No. ..... City of Bisbee. S1,000.0O
 1Q1Q


 No. ..... City of Bisbee. S1,O0O0OI
 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 ($2,00O.O0) on the fifteenth day of May. A. D., 1920, with interest there on from the date hereof, at the rate of five and one-half (51s) per centum per annum, payable semi-annually, on the fifteenth day of May and the fif- teenth day of November, in each year, on presentation and surrender of the annexed interest coupons as they sev- erally become due. Both principal and interest of this bond are hereby made payable in gold of the United States or weight and fineness, at the office of the Treasurer of the City of Bisbee, Ariz., 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 a series of two hundred (20O) bonds of like tenor, is- sued for the purpose of supplying funds for the construction or inn provement, or construction and im- 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 pond 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. s27.5O
 On the 18th day of November-May, A. D., 19.., the City of Bisbee, in the County of Cochise, and State of Arizona, promises to bay to bearer, Twenty-seven and 5O-1OO Dol. lars ($27.50), in gold coin, at the of. flee of the Treasurer of the City of 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 it's 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 Bisbee, 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 T. That for the purpose of providing the necessary funds, the Common Council of the City of Bisbee, until all of said bonds, together with the interest thereon, are paid, shall levy and cause to be collected the nec-