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198
<br />
<br /> The said twenty-five bonds shall be issued separately from -o.ll other bonds, and
<br />shall be designated: City Ball Bonds.
<br />
<br /> Section ~.
<br />
<br /> The bonds of the city cf S-nta ~a shall Es issued and sold in the sum of
<br /> $16,O00.O0 for the purpose of p~ying the costs of the ~cqui~ition o~ certain property for
<br /> · unicipal use~ and p~pose~ in the street work cf the city oF Santa Ana, and to be used
<br />
<br /> in the improvement ~n.~ repair
<br /> ~n. care cf the public streets thereof, ~dch property ~hal]
<br />
<br /> consist of One power-driven ~nd o~.erated automobile truck, ~th sweeper attachment, one
<br /> power-driven tractor, t,~'o _utomoo~e trucks, one asphalt heater and mixer and one scarifi¢r
<br /> end disk, in order to ~arry out the objects, p~poses ~d powers of the city of Sant~ An~,
<br /> ~nd the cost thereof will be too great to be paid out of the ordinary annual i~oome and
<br /> revenue of the s~td city.
<br />
<br /> Y The sum of ~16,~O0.~O shall be r~presented by twentya~lv¢ bonds, each dated the
<br />1st d~y of September, l~O, and n~bered consecutively from ~ne to twenty-five, both in-
<br />clusive, each bond in the denomination of ~64~.OO. On the 1st day of September, l~ one
<br />
<br /> of said bonds, b¢ing ~nd ~'
<br /> · ~o. 1, in such denomination, shell ~1 ~ paid, ~md annually there-
<br />
<br />after on the let day of September one additional of said t~enty-five bonds in successive
<br />numbeical order and of lik~ denomination shall b~ paid ~til the whole sum of
<br />shall be well ~d truly paid in =.1~ coin of the United ~t~tes, m~ing an ~nnu~l ~ v-
<br />ment of ~6~.OO o~ the principal of said indebtedness, the ~aid s~m t~ing not le~s th~
<br />
<br />one-fortieth part of the amount of the ~ ' ~'~
<br /> ~r~n.~al of s~id indebtedness.
<br />
<br /> The~r~nc]~al of the indebtedness in the sum cf ~lo, OOO.O0 shall bear interest
<br />from the let ~v,~. of September, 1~20, at the rate of 5~% per ~num,~payable se~__-~.nnu~lly
<br />the first installment of interest shall be paid on the 1st day cf ~srch, ].~P1, an~ on the
<br />first day of the moOths of September and ~arch thereafter until the wh3!e of ~ai! prin-
<br />cipal anf interest sh~ll have been well ~d ~ru]y paid in sold coin of the U~ited States.
<br />
<br /> The said twenty-five bonds shall ~ issued ~eparately from ~1 other bonds,
<br />
<br />end shall be designated: Street Appsratu~
<br /> Sect ~on 6.
<br />
<br /> The bonds of the c~t~ cf Santo Aha shall ?e ~s=ued and sold in the ~um of
<br />~36,000.00 for the purpose c~ payinE the costs of the construction in the city of
<br />
<br /> Aha of street work therein, consisting cf the construction of cement pavement ~d a wear-
<br />
<br />ing s~fecc upon that portion of i~orth Main c
<br /> ~tr.et~ a puOlic s treat in the city cf
<br />
<br />Aha, e~tendin~ northerly from the intersection cf s~id North ~{ain Street by First Street
<br />
<br />also a public street in ~ai~ city, to
<br />ly exterior boundaries of the city of
<br />poses and powers of the city of Santa
<br />
<br />the intersection of North ~!.o. in ~treet by the ~cr thor-
<br />Santa ;.'~3, in order to carry out the cbject~, pur-
<br />
<br />Ana, mud the cost thereof will be too greet to be
<br />
<br />paid out of the ordinary annual income and revenue of the =
<br /> ~az.~ city.
<br />
<br /> Tbs said sum of ~36, O00.0~ sh~ll ce represented by fifty bonds, each dated
<br />
<br />the 1st day o~ September, 1920, ~ ~
<br /> an,~t numbered consecutively froa: one to fifty, both in-
<br />
<br />clusive, and each odd numbered bond thee-eof 0sing[in the ~eno.mination of ~1,000.00 and
<br />
<br />each even numbered bond thereof ce~ng in the denomination of
<br /> ~!;.**0.00. On the 1st day of
<br />
<br />~eptember, 19~1, two of said 0onds, one in the denomination or ~1,03~.00 and bein~ Bond No.
<br />1, and one in the denomination of ~440.?~ and ceing Bond No. 2 , shall ~e p~id, and annually
<br />
<br />thereafter on the 1st day of ~eptember t,~o ~_dS~itio~al of o '~'
<br /> ~a~,~ ~ifty bonds in like denom-
<br />
<br />inations and in successive numerical order sh~]l ~=[~. paid until the whole sum of
<br /> ¥
<br />
<br />shall be well and truly Said in gold coin of the United Stet~s, m~kin~ ~n annual pay~nent o£
<br />
<br />
<br />
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