1918 (#594-612) - Laserfiche WebLink

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S4 one-fortieth part of the eu~ount'of such indebtedness. On the let day of llay,l~lg, one of the said 55 bonds to be i8sued and sold for the acquisition ~-~ and constructionof said North Flower street bridge, being Bond No.1 In the denomination of t220.O0, shall be paid, and on the first day of May in each and every year thereafter one addition- al of said ~5 bonds, in successive numerical order, and of like denomination, shall be paid tntil all of said ~5 bonds, and the money thereby represented shall have been well and truly paid, principal and interest, the same being and constituting an annual payment of S220.00 of the principal of said bonds, and is not less than one-fortieth part of the amount of such indebtedness. The first installment of semi-annual interest on each and every of said bond and the indebtedness there- by evidenced shall fall due' and be paid on the first day of November,191S, and a like semi-annual payment of interest on said indebtedness shall fall dlae and be paid on the first day of t/ay and the first day of November In each and every year thereafter until all of said bonds, and the money thereby represented shall have been well and truly paid. The principal and interest of said bonds shall be paid at the office of the Treasurer of the city of Santa ~na, in said city, County of Orange,Ca~ifornia. Section ~. The indebtedness which it Is proposed to incur in the stl~ of S~,500.00 for the acquisition and construct- ion of said Main Street brtd~e, and also the indebtedness of S?,?00.00 which it ie proposed to inct:r for the acquisition and construction of said North Flower street bridge, together with all other indebtedness heretofore incurred by the city of Santa Ann will not in the aggregate exceed fifteen per cent. of the assessed value of all the real and personal property of the -~ city of Santa Ans. Section ~. Each, every, and all bonds issued pursuant to this resolution shall be serial In character and substantially in the following form: No. Series No. UNITED STATES OF AMERICA State of California. City of Santa Ans. Br idge Bonds S Be it known that the City of Santa Ann, in the County of Orange, State of California, hereby acknowledged its indebtedness to ~t.e besdlsr of this b&n~in the slim of ) dollars, in &old coin of the United States, and promises to pay the said bearer the said su~ of ~. in said gold ~ coin of the United States on the first day of May,l~ , at the office of the city treasurer in the city of Santa Ann, together with interest thereon at the rate of five per cent, per annum, interest payable semi-annually in like gold coin of the United States on the first day of May and the first day of November of each and every year that this bond is to run, at said Treasurer's