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202
<br />
<br /> and of like denomination shall be paid until the whole su~ cf ~507©.O0 aha!q be Tell an~
<br /> truly pai~ iu gold coin of the United States, making an annual payment o~ ~200.00 ou the
<br /> yrinci,ral of the ssi~ indebtedness, the said smsa b~ng not less than one-fortieth part
<br /> of the a~mount of the principal of said indebtedness.
<br />
<br /> The principal of the indebte.~ness io the su~ of .~$50DO.00 shall bear intere~t
<br />
<br />from the let day cf $eptember, 1920, at the rate of 5~1~, per annum, payable semi-an~u~lly,
<br /> the first installment of interest shell be paid cn the let day of March, 1921, arid on
<br /> the fid'st day of the months of September end ~arch thereafter until the whole of said:prin-
<br /> cipal and interest shall have be~n ,,'el! and truly paid in Eclat coin of the United States.
<br />
<br /> The said t~enty-five bonds shall be issued separately from all other bond~, and
<br />
<br /> Street Improvement Bonds.
<br />
<br />shall be designated:
<br /> Section 11.
<br />
<br /> Each, every, end all
<br />Reso:ution, both the'principal
<br />
<br /> bonds that are hereafter issued and sold pursuant to this
<br />
<br /> and interest, eha].l be paid at the office of the Treasurer
<br />of the city of Santa Ana in said city, County of Orande, State of California.
<br />
<br /> Section 1~.
<br />
<br /> ~P~" 000.OO which it is proposed to issue
<br /> The whole indebtednes~ in the sum of , ,~,
<br />
<br />together with al~ other indebtedness heretofore incurred by the city of S~nte Aha will not
<br />
<br />in the aggregate exceed flftee~ per cent of the assessed value of all
<br />
<br />property of the city of Santa Aha.
<br /> Section
<br />
<br /> Said bonds shall be serial
<br />
<br />the real and personal
<br />
<br />character and substantially in the following form:
<br />
<br />STATE OF CALIFORNIA
<br />
<br /> City of Santa Ana
<br />
<br />Bonds.
<br />
<br /> Be it known that the city of Santa Aha in the County of Orange,
<br />
<br />fornia, hereby acknowledges its indebtedness to She bearer of this Oond in
<br />
<br /> , in ~ol~ coin of the United States, an~ ~romiaes to pay tc the said ~earer
<br />
<br />State of C~?li-
<br />
<br />· the sum of
<br />
<br />said s~ cf ~
<br />
<br />in s~id gold coin of the ;;nited~ States on the !st day of c.e~t~ -
<br />
<br />ember, 19, . _, at the office of the City Treasurer of the city cf Santa Aha, together with
<br />
<br />interest thereon at the rate of 5~ per annum, interest payable semi-annually in like geld
<br />coin of the United States, on the let day cf ~arch and the let day cf September of each an~
<br />every year that this bond is to ru~,,at said Treasurer's office, upon presentation and
<br />surrender of the proper interest coup,rna hereto attached.
<br />
<br /> This bend is issued by the city of Santa Ana f~z;the purpose of (here briefly
<br />insert the pur~cee for which the ~ond is issued) and by the authority and in pursuance
<br />of an act cf the legislature o£ the State of Cali}ornia entitled: "An act authorizing
<br />the incurring of indebtedness by cities, towns and municipal corporations for municipal
<br />improvements, and regulating the acquisition, construction or completio~ thereof". (Decame
<br />a law February 25, l~O1) and all acts amendatory thereof. Also pursuant t o Resolution ~o.
<br />~5~ of said city, passed ar, d adopted on the let d~y of June, l~O, and Ordinance No. 6~1
<br />
<br />of sei,~ city, passed, by the ~noard of Trustees thereof
<br />tro-thirds of all the members thereof on the 14th day
<br />ed by tbs President of said ~_oard of, Trustees, and in
<br />
<br /> directinE the issue Of this bond.
<br />
<br />by the affirmative vote' of mere then
<br />of June, ]920, and on said day cpprov-
<br />f~rther pursuance of Resolution ~:o.
<br />
<br />
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