Laserfiche WebLink
NO~, T~FORE, the City Council of the City of <br />Santa Ana DOES ORDAIN as follows: <br /> <br /> Section 1. That bonds of the City of Santa Ana, <br />California, in the principal sum of $700,000 be issued <br />and sold for the purpose set forth in the bond proposition <br />in the recitals hereof. Said bonds shall be designated <br /> <br />LIBRARY BONDS, 1957, <br /> <br />shall be seven hundred in number, numbered 1 to 700, both <br />inclusive, and shall be of the denomination of $1,000 <br />each. Said bonds shall be dated October l, 1957, and <br />shall be payable in consecutive numerical order $35,000 <br />on October i in each of the years 1958 to 1977, both <br />inclusive. <br /> <br /> Said bonds shall bear interest at a rate or <br />rates to be hereafter fixed by resolution, but not to <br />exceed six per cent (6%) per annum, payable annually <br />the first year and semiannually thereafter. Said bonds <br />and the interest thereon shall be payable in lawful <br />money of the United States of America at the office of <br />the City Treasurer of the City of Santa Ana, California, <br />in said city, or at any fiscal agency of the city in <br />Los Angeles, California, or in Chicago, Illinois, or <br />in New York, New York, at the option of the holder <br />thereof. <br /> <br /> <br />