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197
<br />
<br />imetely the intersection of West w~
<br /> ~.jrtle and ~outh Bristol Streete, also public streets there-
<br />
<br />in, a distance of about 7,~00 feet, in order to carry out the objects, purpose~ and powers of
<br />the'City of sant~,Ana, and the cost thereof will be too great to be paid out of the ordinary
<br />
<br />annual income
<br />
<br /> The
<br />of September,
<br />
<br />and revenue of the e~id city.
<br />
<br />sum of ~2g,000.00 shell be represented by
<br />1921, and numbered consecutively from cna
<br />
<br />fifty bonds each dated the let day
<br />to fifty, both inclusive, and each
<br />
<br />odd numbered bond..thereof~-being in the denomination cf ~'lOOO.O0 and e~ch even numbered bond
<br />thereof beinog in the denominetion of ~120.00. On the 1st day of September, 1~21, t,~.o of
<br />said bonds, one in the denomination of ~lO00.O0 and being ~ond No. 1, and one inthe denom-
<br />ination of ,~l~O.O0 and bein~ pond ~o. 2, shall be p~id and annually thereafter, on the l~t
<br />day of September, t,~o additions! of ~.e. id fifty bonds in like denominetion~ ~_nd in ~uc~e~eive
<br />numerical order shall b~ paid until the whole ~urn of ~2g,O00.O0 sh~ll ~-.e ~ell end truly
<br />pazd in gold coin of the United Stste~, making an. ~nm:._~l p~yment of ~.11=0.00 o~ the prin-
<br />cipal of said indebtedness, the said sum ~eing not le.=s th~n one-fortieth part o~ the amount
<br />
<br />of the principal of ss. id indebtedness.
<br />
<br /> The ~r~n~l~al of the ~nd~oteane~.s in the
<br />from the let day of September, 17~0, at the rate of
<br />
<br />sum of $28,000.00 shall bear interest
<br />
<br />5~%per annun~, p~yable semi-annually, the
<br />
<br />first installment of interest shall ce paid on the let day of ~arch, ].921, and on the
<br />first day of the months of September and ~rch thereafter until the whole Of said principa%
<br />and interest ~hall have been ~e/1 and truly paid in gold coin of the United ~tste~.
<br />
<br /> The said fifty bonds shall be issued separately from all other bonds, and shall
<br />
<br />be desi?ated: Sewer Sys,t~em Bonds.
<br /> Section 4.
<br />
<br /> The bonds of the city of ?ante Ana shall be issued and sold in the sum of ~12,000.00
<br />for the purpose of payinE the costs of-~the completion and improvement of the City H~I] of
<br />the City of S~nts Aha, e building therein constructed for municipal uses and purpose~, the
<br />completion and improvement thereof to consist of the construction of a concrete basement
<br />
<br />beneath said builling, the removal of the toilets now erected upon the ground floor of ~91d
<br />building, and their installation in said basement, the construction of office rooms on the
<br />
<br />floor SFaCe now occhpied by said tcitets, and the repair of the roof of said building, in
<br />order to carry out the objects, purposes end powers of the city of Santa An~, ~nd the co~t
<br />thereof will be too great to be paid out of the ordinary annual income an~ revenue of the
<br />said City.
<br />
<br /> The sum of $12,000.00 shall ce represented by twenty-five (25) bonds, each
<br />dated the let day of September, 1920, and numbered consecutively from I to 25, both in-
<br />clusive; each bond in the denomination of ~g0.O0. On the 1st day of September, ]??l, one
<br />of said Bond~, bein~ nond Mo. !, in such densmination shall be paid, and annuel].y there-
<br />after on the let day of September one additional of said t,~enty-five honda in successive
<br />n-~mberical orde~ and of like_ denomination shall be paid, until the whole sum o f ~%2,000.00
<br />shall b~ well and truly paid in gold coin of the United States, makin~ an annual payment
<br />of ~dgO.00 on the principal of said lnde~tedness, the said sum being not less thao one-
<br />fortieth part ~f the amount of the principal of said indebtedness.
<br />
<br /> The principal of the indebtedness in the sum of ~]2,O00.09 ~ha]] bear i~tere~t
<br />
<br />from the let day of ~
<br /> ~ptember, 1920, at the rat~ of 5~ ~ per znnum, payable ~emi-anuua]]y
<br />
<br /> '~ ~. ~a~ on .... t of ~arch, ]~21, ~d on the
<br />t..e first inst~tlment cf interest shall ~ ~ ',~ ~e !~ d~?
<br />
<br />first day of the months of ~=~+ '
<br /> ~.~,emoer and ~arch thereafter until the whole of s.~id prin-
<br />
<br />cipal and interest shall h~ve been well and truly paid in gold coin of the United £t~tes.
<br />
<br />
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