1922 (#755-899) - Laserfiche WebLink

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persentatton of the proper bonds and coupons, out of the redemption fund, and under no circumstances shall said bonds or interest thereon be paid out of any other fund. A redemption fund shall be kept by the Treasurer of the city of Santa Aha, designated North ~ain Street Improvement Bond Redemption ~und, 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. Ail of the bonds shall be dated the 14th day of February, 1922. and shall be mzmbered consecutively from 1 to ~, both inclusive. Ail of said bonds, excepting each sixth numbered bond, shall be in the denomination of $500 and each sixth numbered bond shall be in the denomination of $480.80. The form of the bond shall be substantially as provided by Section 8 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 applicable to the denomination, annual series, and purposes for which the bonds are to be issued as herein set forth. The bonds shall be signed by the Treasurer and Clerk of the city of [;anta Ana. There shall be attached to each bond interest coupons representing the payments 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 Treasttrer of the city of Santa Aha but the Treasurer's signature may be engraved, printed, or lithographed 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 4th day of February, 1922, provided, that the coupons represent- ing the first pa~rent of interest shall become due the 2nd day of January, 1923, being six (6) months before the maturity of the first annual series of the bonds and s~all be for the interest accruing thereon from the 4th day of February, 1922, to said date. Bon~s Numbered from 1 to 6, inclusive, shall constitute annual series No. 1 and shall fall due and be payable on the 2nd day of July, 19~3, being the 2nd day of July next succeeding nine (9) months after the 4th day of February, 1922, the date of said bonds. Bonds nt~mbered from V to 1~ inclusive, shall constitute annual series No. 2 and shall fall due and be payable on the 2nd day of July, 1924.