Bisbee daily review., 1919-06-15
ORDER DIRECTING SALE OF


 City of Bisbee, State of Arizona, and
 be Received by Said City of Bisbee
 for the Purchase of Said Bonds.
 It is ordered that the 1919 Street | Improvement Bonds of the City of Bis | bee, State of Arizona, the issuance of l which was directed and authorized by the duly qualified electors of said City, being property taxpayers therein, at the election held in said City on the 24th day of March, 1919, be and the same are hereby directed to be sold; that such sale be made on the 18th day of June, 1919, at the hour of 4:S0 o'clock, P. M., at the Council Chamber, of the Common Council, in the City Hall of said City; that copy of this order be published for at least four | (4) consecutive weeks before said sale, in the following newspaper pub lished in the said City of Bisbee, State 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 be 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 a 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 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 sum of not less than five (59o) 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
 companying bids which are not accept 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 carry out the terms of the contract herein provided to be entered into.
 provided, however, that such forfeit
 ure shall not be deemed or taken as stipulated or liquidated damages fol
 breach of said contract, and shal
 not prevent the said Common Council
 from recovering damages under sucf
 contract for the benefit of the said City of Bisbee.
 Bidders shall be and are hereby no
 tified that the amount of interest saic bonds shall bear is five and one-hal
 (51s9o) per cent per annum.
 Said bonds are in the aggregate ? amount of Two Hundred Thousand ? Dollars (S200, ,000.00), 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 Dollar:
 100000 each, which said bond:
 shall be dated and issued on the 15tf day of May, 1919, and shall become , due and payable as follows, to-wit I Bonds numbered serially from ont J CD to ten (10), both inclusive, on ol before the 18th day of May, 1920, ant Z a like amount, according to seria , number, due on the 18th day of May 1 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 k of the United States of America, of ol
 equal to the present standard 70 3 weight and fineness. and bearing in } terest at the rate of five and one-hal } (5h9o) per centum per annum, pay ' able in like medium semi-annually o1 the 18th day of May, ana the 18th day 3 of November of each year; both prin 5 cipal and interest payable at the office 2 of the City Treasurer of the City O Bisbee, County of Cochise, State O
 Arizona, or at the Hanover Nationa K Bank, of the City and State of New z York, at the option of the holder.
 7 Said bonds shall be signed by tho ? Mayor of said City of Bisbee. and at tested by the Clerk of said City, witl 2 the Corporate Seal of the said City ' affixed thereto, and the annexed inter : est coupons shall be executed by th' Autographed fac-simile signatures O said Mayor and City Clerk; provided 2 however, that it shall not be necessary to impress upon any such coupon th' Seal hereinbefore mentioned.
 Bidders are notified to address al ; communications, and to send all bid' n to "City of Bisbee, care of the Citl ! Clerk" and are notified to mark plain z ly on the outside of the envelope con ! taining any bid Proposal for the pur
 chase of City of Bisbee 1919 Stree
 Improvement Bonds"
 COMMON COTTNCIT. OI1 THE CITN