1922 (#755-899) - Laserfiche WebLink

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qS~~' ~".30, and shall be payable in ten annual series on the 2nd day of Jnly of each year, next st~cceeding nine months after t!,~r date until the whoi~ sum of t~e a~gregste principal, is ~m!d. The said bonds, and each of them, shall bear interest at t~ rate cf ,/~ annum ~:~mai of October~ l~st, t~e date of f~.i.~ ~ with the Clerk of the City of Santa Ann t]~e °treet list of unpaid assess?~nts, and until t%e whole sum of prfnclnai and interest is ~afd. ~e interest shall be paid semi-annually by co~.~pons on t~e 2nd day of January an~ Jt~ly respec!iveiy of c~acli year after the ~te of t?e bond. Provided that the first pa~ent of interest shall not be paid until the Bnd day of January, 1924, being s~.x months before maturity of the first annual series of t~e bond. The bon~s and in- terest s~all be paid at the office of the Treasurer of the elty of Santa Ann In sa!~ city, Orange Co~_~nty, California, a~d i~pon tb~': sentat~on of t}~e rroppr bonds ~ coupons o~t of the redemption f~nd amd u~er no e~rcumetanees shall said bon~s or interest thereon be pa!~ out of any other fund. A redemption fund shall be kept by the Treasurer of the city of Santa Ann, ~esignated: West Ptn~ Street provement bond redemption fund, in which the ~eas~lrer s~a].l ~].a~e all sums received from the co lect~.on of assessments mass f:~r the pa~r,e?lt of the cost of the work a~d i~provement upon w?ich tbe bon~s are issued, and the intarest and penalties thereon. Ali of the bonds shall be dated the 16th day of October, 19~, aii~ sbal! be numbered consecutively from i to ~0, both inclusive. Each odd num- berad bond s?m]l be in t) e denomimatton of ~500.00 ai~i~ each evei~ n l~ ..... d b~.~,d shall be mi, she denomination of ~"~ ~3. 'l~e fc~ of the bonds shall be s,Jbstantlally as ty Soction 6 of the Improvement Bond Act of 1915, pro~-i~ed, that t~e same shall conCafn the ~ preprints words and figures to make the said bonds, and the fo~ thereof applicable to tbp denomination, znnual series a~d purposes for w):ich the bon~s s~.e to be Iss~e~, as herein set forth. ~¥e bonds shall be signed by the Treas~rer and the Clerk of the city of Fanta Ann. 'i~e~e s;m].l be attached to each bond interest coupons representing the payment of semi-annual interest accruing and made payable upon t~e principal of the bonds to which they are at- tached. All of said bonds shall be signed by the Treasl~rer of the city of Santa Ann but 2he treasurer's slgnat~rs may be engz'av~d, printed or lithographed on tie interest treasurer's ~ig:~ature by hand. 'i~:e interest coup-ohs s~!l be 1 upward on each bond, and the interest coupons in place of the consecui~Ivsly m~mber~d fro~i thereby represented st~a!], be pard on the 2nd day of January and July in each year, commencing with the ~nd day of January, 1924, provided that the co~pons re!.resent. ;ng the f.frst payment of'interest wblch shall become ~t~e ~he ~u~ ,nay' of January, 1924, being six months before the maturity of zbe f~rst