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1/64-e <br /> <br />the object and purpose se~ forth in said resolution and <br />in said ballot proposition. <br /> <br /> Section 2. That the estimated cost of the <br />municipal improvement des:ribed~.inSa~d ~aXlot proposi- <br />tion is the st~mof'$2,~O00.O~ ~e~:est~ma'ted~coet <br />of said municipal improvement includes the following: <br />(a) legal or other fees incidental to o~ connected with <br />the authorization, issuance and sale of the bonds, and <br />(b) the costs of printing the bonds and other costs and <br />expenses incidental to or connected with the authorization, <br />issuance and sale of the bonds. <br /> <br /> Section 3. ~hat the maximum rate of interest <br />to be paid on said indebtedness shall no~ excee~ the maxi- <br />mum rate permitted by law, to wit, six per cent (6~) per <br />annum, the actual ra~e or rates of interest on said bonds <br />to be determined at or prior to the time of the sale or <br />sales thereof. Said interest shall be payable semiannually <br />except that interest for the first year may be made payable <br />at the end. of said year. <br /> <br /> Section 4. That the polls for said election <br />shall be opened at seven o,clock A.M. of the day of said <br />election and shall remain open continuously from said <br />time until seven o,clock P.M, of the same day, when said <br />polls shall be closed, except as provided in Section 14456 <br />of the Elections Code of the State of California. <br /> <br /> Section 5. That on the ballots to be used at <br />said special election, in addition to any other matters <br /> <br />® <br /> <br /> <br />