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the object and purpose set forth in said resolution and <br />in said ballot proposition. <br /> <br /> Section 2o That the estimated cost of the <br />municipal improvement described in said ballot proposi- <br /> <br />tion is the sum of $25,000,000 The estimated cost <br /> <br />of said municipal improvement includes the following: <br /> <br />(a) legal or other fees incidental to or connected with <br />the authorization, issuance and sale of the bonds, and <br /> <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. That the maximum rate of interest <br />to be paid on said indebtedness shall not exceed the maxi- <br />mum rate permitted by law, to wit, six per oent (6%) per <br />annum, the actual rate 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 7:00 o'clock P.M. of the same day, when said <br />polls shall be closed, except as provided in Section 1~436 <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 />