1922 (#755-899) - Laserfiche WebLink

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L bonds numbere¢ from 1 to 20 in the denominatlon of ~1,000.005 bonds numbered from 21 to 30 in the denomination of vSQO.O0, bonds numbered from 31 to 39, ir the denomination cf Bond numbered 40 in the denomination of 3298.98. The for-c,, of the bonds shall be substantiallX as ~'ovided by Sac. 8 of the ImprovCmen~ Bond Act of 1~15, provid~d that the same shall contain the appropriate wo~ds and figures to make the said bonds and the form thereof applicable to the denomi~atlons, annual series, and purposes for which the bonds are to be issued, as herein set forth. '~he bonds shall b~ signed by the Treasurer and the Clerk of the city of Santa ,~na. There shall be attached to each bond interest coupons representing the ~ents of semi-annual interest accruing and made payable upon t~e prlnelral of the bonds to w~!ch they are attached. All of said bonds shall be signed by the Treasurer of the city of Santa ~na, but the Treasurer's s~gnature may be engraved, printed or llthogrsyhed on the interest coupons in place of the treasurer's signature by hmnd. The interest couponc shall be consecutively numbered from I upward, on sack bond and the interest thereby represented shall be paid on the 2nd day of January and July in each year, c~enc!~ with the 2nd day of January, 19~4, provided that the coupons repro seating the first payment of interest which shall become due thc 2nd dal of January, 19S~, being six montbs before the maturity of the first annual series of the bonds, shall be for interest accruing thereon from the Gth day of Novastor, 1922. Two bonds in the denomination of ~1000.00, one bond in the denomimatlon of $500.00, and one bond in the denomination of $~88.90 in the successive numerical order of the bonds i~ such denominations shall be p~id ~ach year on the 2nd day of July until all are paid, commencing on the ~n~ day of July, 19B4, excepting the last year in wh!.ch one bond in th~ denomination of ~88.98 is to be paid. The bonds payable in any one year shall constitute the annual series of that year. Fourth All of the bonds shall be sold to the highest bi,der there~ for, but not less than their par 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 credit of Patton-Van Ness Improvement Bond Redemption Fund, and from which there shall be paid to the contractor, or his assigns, the balance due him upon the assessment ~nd warrant for the work done ~nd improvement made upon a portion of Patton Street and Van Ness Avenue, including interest upon the principal amount at the rate of seven per cent per annum from the ~th day o~ November, t92Z, and the surplus of such ?roceeds, if any, shall be credited to said redemption fund for the payment of suck bonds. ,