1922 (#755-899) - Laserfiche WebLink

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OWNER ASST NO. Unknown V4 LOT BLOCK 8 B Realty Subdivision The N.50 it.of S.150 Ft. of the E.159 ft. of Lot 5,McFadden-Wilson2V2.28 " 152 The S. 100 it.of the E.159 it.of Lot 5,McFadden-Wilson Tract 544.56 Second The aggregated amount of the unpaid assess- ments for the work done and improvement made upon a portion of Cypress Avenue is $15,740.53. Third. Bonds shall be Issned upon the security of the unpaid assessments shown on the list thereof as hereinabcve determined for theaggregated principal of the sum of unpaid assessments, to-wit: $15,V40.53, and shall be payable in eleven(il) annual series on the 2nd day of July of each year next succeeding nine(9)months after theirdate until the whole sum of the aggregated principal thereof is paid. Said bonds and each of them shall bear interest at the rate of seven(7), per cent. per annum from the 18th day of September,1922, thedate of filing with the Clerk of the City of Santa Ana of the Street Superintendent's list of unpaid assessments, until the whole sum of the principal and the interest is paid. The interest shall be paidsemi-annually by coupons on the 2nd ~ay of January and July, respectively, of each year after the date of the bonds, provided,that thefirst payment of interest shall not become due until the 2nd day of January,192~,being six (6) months before maturity of the first annual series of the bonds. The bonds and interest shall be pai~ 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 bon~s and coupons, out of the redemption fund,and under no circumstances shall said bonds e~ interest thereon be paid out of any other fund. A redemption fund shall be kept by the Treasurer of the City of Santa Ana, designated C~z-ess Avenue Improvement Bond Redemption Fund, in which the Treasurer shall place all sums received from the collect- ions of Assessments made for the payment of the cost of the work and improvement upon which the bonds ar issued and the interestand penalties therein. Ail of the bonds shall be dated the 3rd day of October, 1922,and shall be numbered consecutively from 1 to22, both inclusive. Each odd numbered bon~, shall be in the de ~nomination of $1,000. and each even numbered bond shall be in the demomination of $~80.9~ The form of the bond shall be substant- ially,as provided by Section 8 of the Improvement Bond Act. of 1915, provided, that the same shall contain the appro- priate words and figures to make the said bond and the form thereof applicable to the denomination, annual series, and