1922 (#755-899) - Laserfiche WebLink

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285 All of the bon~ shall be dated the 21st day of ~ove~er, 19~, and shall be numbered consecutively from i to lC, Both inclusive, and shall each be in the denomination of g28~.~$8. ~he form of the bonds shall be substantially as provided by Sec. 8 of the ~mprovement Bond Act of 1915, prov!ded~ that the same shall contain the appropriate words a~d figures ~o make the said bonds and th~ for~ thereof ~r~lic~le to the denomination, annual series, and purposes for which the bonds are to be issued, as herein set forth. Who bonds shall be signed by the ~reasurer and the Clerk of the city of Santa Aha. There shall be a ttach~d 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 Treasurer of the city of Santa Ana, 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 i upward, on each bond, and the interest thereby repre- sented shall be paid on the 2nd day of January and July in each year, commencing with the 2nd day of January, 192~, bein~ six months before the maturity of the~first annual series of the bonds, shall be for the interest accruing there on, from the 31st dsy of October, 1922. Bond ~o. I shall constitute annual series No. 1, and be payable July 2nd, 1924, being the second day of July next succeeding nine months after the 21st day of November, ~1922, the date of said bonds. Thereafter, on the 2nd day al bond in successive numerical of July each year one additi~ order shall fall due and be paid, and shall constitute the annual series for the year in which the bonds are to be paid. Fourth AI~ of the bonds shall be sold to the highest bi,der therefor, but not less than their par ~a~ and accrued interest at the date of their delivery, and the proceeds of the sale thereof shall be deposited in the treasury of the city of Santa Ana to the c~edit of ~orth Garnsey Street and ~ickey Street Improve~ent Bond redemption Fund, and from which there shall be paid to the contractor, or his assigns, the balance due him upon the assessment and warrant for the work done and improvement made upon said North Garnsey Street and hickey Street, including interest upon the principal amount at the rate of seven per cent per annum from the 31st da~ of October, 1922, and the surplus of such proceeds, if any, shall be credited to said redemption fund for the paYment of s~ch bonds.