1922 (#755-899) - Laserfiche WebLink

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until the whole sum of the principal and the interest is paid. ~l~e interest shall be paid semi-annually by coupons on the 2nd day of January and July, respectively, of each year after the date of the bonds, provided, that the first payment of interest shall not become due until the 2nd day of January, 1923, being six (6) months before the maturity of th~ first annual series of the bonds. The bonds and interest shall be paid at the office of the Treasurer of the City of Santa Ana in said city, County of Orange, State of California, upon the presentation of the proper bonds and coupons, out of the redemption fund, and under no circumstances shall s~d bonds or interest thereon be paid out of any other fund. A redemption fund st~all be kept by the Treasurer of the City of Santa Aaa, designated East First Street Im- provement Bond Redemption Fund, in which the Treasurer shall place all sums received from the collections of assessments made for the payment of the cost of the work and improvement upon which the bonds are issued and the interest and penalties thereon. All of the bonds shall be dated the ]4th day of February, 1922, and shall be n~u~bered consecutively from 1 to 11, both inclusive. Ail of said bonds shall be in i:he denomination of ~203.00. The form of the bond shall be substantially as provided by Section 6 of the Improvement Bond Act of 1915, provided, that the same shall contain the appropriate words and figures to make the said bond and the form thereof aprltcable to the denomination, annual series, and purposes for which the bonds are to be issued as here- in set forth. The bonds shall be signed by the Treasurer and Clerk of the City of Santa Aaa. There shall be attached to each bond interest coupons representing the ~ayments of semi-annual interest accruing and made payable upon the principal of the bonds ~_~ tO which they are attached. All of said coupons shall be signed by the Treasurer of the Ci.ty of Lanta Aaa, but the Treasurer's signature may be engraved, printed or litho- graphed on the interest coupons in place of the Treasurer's signature by hand. The interest coupons shall be consecutively numbered from 1 upward on each bond, and the interest thereby represented shall be paid on the 2nd day of January and July succeeding the ~th day of February, provided, that the eouDons reDresenting the f~rst ~myment of interest shall become due the 2nd day of January, 192~, being six (~) months before the mat~rtty of tVe first ~nnual series of the bonds and shall be for the interest accruing