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In Re
<br />
<br />Reso. No. 2196
<br />
<br />Ordering Work
<br />
<br />Main, Cypress, etal.
<br />
<br />the same; that the interest rate to be paid on all acqui-
<br />sition bonds and immediate possession bonds, if any,
<br />which shall be issued under these proceedings shall be
<br />issued at a maximum rate which shall not exceed eight
<br />percent (8%) per annum, payable semi-annually, the exact
<br />rate of interest at which such bonds are to be sold to
<br />be determined at the sale of such acquisition or imme-
<br />diate possession bonds, the first interest payment to De
<br />made on ~he End day of January or the End day of July
<br />(whichever month first succeds the date of the bonds)
<br />next succeeding one year after the date of such bonds,
<br />and the aggregate principal of all bonds issued to De
<br />paid and discharged within thirteen (13) years after the
<br />date of issuance, approximately one-tenth of said aggre-
<br />gate prineipal to be paid annually, all in gold coin,
<br />and that a special fund f~r the payment of said bonds
<br />will be constituted by the levy of special assessment
<br />taxes upon the lands within the Assessment District ac-
<br />cording to the assessed value of said lands, exclusive
<br />of the improvements thereon, and in the manner provided
<br />by the provisions of the said Act under which said acqui-
<br />sition proceedings are had and taken, the first payment
<br />on the aggregate principal of all bonds issued will be
<br />made three years after the issuance thereof.
<br /> 7. That the proceedings for said acquisition shall be
<br />had and taken under and in accordance with an Act of the
<br />Legislature of the State of California, known and desig-
<br />nated as the "Acquisition and Improvement Act of 1925",
<br />approved May E3, 1925, and amendments thereto, and said
<br />bonds shall also be issued in accordance with the provi-
<br />sions of said Act.
<br /> The foregoing Resolution was duly and regularly passed
<br />and adopted by the affirmative vote of the City Council
<br />of the City of Santa Aha, at a regular meeting thereof
<br />held on the 19th day of May, 1930, by the following vote,
<br />to-wit:
<br /> Ayes, Trustees: J.L. McBride, W.J. Kelly, B.O. Sutton,
<br /> Stanley E. Goode, F.L. Purinton.
<br /> Noes, T~ustees: None.
<br />Absent, Trustees: None
<br />
<br />(SEAL)
<br />
<br />Attest: E.L. Veselv
<br /> Clerk of the City of Santa Ana'.'
<br />
<br />This being the time and place set forth in Resolution of
<br />
<br />Intention No. 2189, to order the work and improvement mad.
<br />
<br />in, on and along portions of Main Street, Cypress Avenue,
<br />Orange Avenue, ~aple Street, Measor Street, Halladay
<br />Street, Evergreen Street, St. Andrew's Place, St. Ger-
<br />trude's Place, Delhi Road, Flora Street, Central Avenue,
<br />
<br />Adams Street, Emmett Street, Goetz Avenue, Dyer Road,
<br />
<br />Anahurst Place, Certain Rights-of-way, and a certain par-
<br />
<br />eel of City property, and the City Council being duly
<br />
<br />convened in open session, proceeded to hear and pass
<br />
<br />upon all protests presented.
<br />
<br />No owner of property liable to be assessed for said work
<br />
<br />made written protest or any protest against the proposed
<br />
<br />work or against the extent of the district to be assessed
<br />therefor and no person appearing to protest or object or
<br />show any cause why the improvement should not be carried
<br />out in accordance with Resolution of Intention No. 2189,
<br />
<br />the City Council deemed that it had acquired Jurisdiction
<br />
<br />to order the proposed improvement.
<br />
<br />A resolution was introduced ordering the work to be d one
<br />
<br />and improvement made as briefly set out in Resolution of
<br />
<br />Intention No. 2189. The resolution was ordered filed,
<br />
<br />read, considered, designated Resolution Ordering Work
<br />No. 2196 and passed by the following vote:
<br />
<br />
<br />
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