Phoenix Voters Approve Bond Election
May 7, 1927 — Electric Railway Journal
PHOENIX — The proposed $750,000 bond issue for the complete rehabilitation of the Phoenix Street Railway, Phoenix, Ariz., was carried at the special election on April 30 by a 95 majority vote. An ordinance calling for the special election and approved by the City Commission calls for the purchase of new cars, rails, ties and other necessities for bringing the present municipal railway up to date. It means the rehabilitation of the entire system. Under the plan the system will be operated for a period of five years before the sinking fund provided to amortize the payment of the principal of the bonds begins to function.
The city of Phoenix acquired the properties of the railway by purchase on June 4, 1925, for $20,000 and assumed direct operation on Nov. 1, 1925.