1922 (#755-899) - Laserfiche WebLink

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289 and figures to make the said bonds and the form, ~ = ,Jh~reof appli- cable to the denomination, annual series, and purposes for which the bonds are to be issued, as herefn set forth. The bonds shall be signed by the Treasurer and the Clerk of the city of Santa 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 t~e bonds to which they are attached. All qf said coupons shall be signed by the Treasurer of t~e city of Santa Ana, but the Treas,~rer'S signature may be engraved, printed, or lithographed on the interest coupons in place of the Treasurer's slruature by hand. The interest coupons s~all be consecutively m~mbered from I upward, .on each bond, and the interest thereby represented shall be paid on the 2nd day of January and July in each year, Com- mencing with the 2nd day of January, 192S, being six months before the maturity of the first annual series of the bonds, shall be for the interest accruing thereon from the 4th day of November, Bond No. i shall constitute annual series No. l, and be payable July 2nd, 1924, being the second day of July next 'succeeding nine months after the 21st day of November, 192~, the date of said bonds. -Thereafter, on the 2nd day of bond in successive numerical order July ~ach year one additional shall fall due and be paid, and shall constitute the annual series for the year in which ~n~dsba~ to be paid. ~.ourth All of the bonds shall be sold to the highest bidder there- for, but not less than their par and accrued interest at the date of delivery, and the proceeds of the sale thereof shall be deposited in the treasury of the city of Santa Aha to the credit of Durant Street Improvement B~nd redeu~tlon Fund, and from which there shall be paid to the contractor, or his assigns, the balance due him upon the assessments and warrant for the work done and improvement made upon said Durant Street, including interest upon the principal amount at the rate of seven per cent. per annum from the 4th day of November, 1922, and the surplus of such proceeds, if any, shall be credited to said redemption fund the pa~nent ofsuch bonds. If no satisfactory bids are Trustees determine that the bids received, or the Board of received are not satisfactory as to price or responsibility of the bidder, the Board of Trustees reserves the right to reject all bids received, if any, and re- advertise the bonds for sale, or deliver said bonds to the co~- tractor in satisfaction of the sL~ due him upon the assessment warrant. Fifth The assessment, levy, and collection of taxes in and for the city of Santa Ana being made tbmough and by the county of