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Section 2. That the Mayor and the City Treasurer <br />of said city are hereby authorized and directed to sign all <br />of said bonds by their printed, lithoEraphed or engraved <br />facsimile signatures, and the Clerk of the Council of said <br />city is hereby authorized and directed to countersign said <br />bonds and to affix thereto the corporate seal of said city, <br />and the City Treasurer of said city is hereby authorized <br />and directed to sign the interest coupons of said bonds by <br />his printed, lithographed or engraved facsimile signature, <br />and to number said interest coupons of each of said bonds <br />consecutively. <br /> <br /> Section 3. That the proceeds of the sale of <br /> <br />said bonds (except premium, if any, and accrued interest) <br />shall forthwith be turned over to and placed in the munici- <br />pal treasury of the City of Santa Ana to the credit of a <br />fund hereby created and designated <br /> <br /> "LIBRARy BONDS, 1957, CONSTRUCTION FUND," <br /> <br />and the moneys in said fund shall be applied exclusively <br />to the acquisition and construction of the municipal improve- <br />ment described in the bond proposition in the recitals hereof, <br />except as provided in Section 43628 of the Government Code. <br /> <br /> Section 4. That any premium or accrued interest <br />received from the sale of said bonds shall forthwith be <br />turned over to and placed in said treasury in the interest <br />and redemption fund hereinafter created. That for the <br />purpose of paying the principal and interest of said bonds, <br />the City Council of the City of Santa Ana shall at the <br />time of fixing the general tax levy, and annually there- <br />after until said bonds are paid or until there is a sum in <br /> <br /> <br />