1922 (#755-899) - Laserfiche WebLink

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assessments shown on the list thereof as herein above determined for the aggregate principal of the sum of unpaid assessments, to-wit: $3vvg.2v, and shall be p~yable in ten (10) annual series on the 2nd day of July of each year next succeeding nine months after their date until the whole sum of the aggregate principal is paid. Said bonds and each of them shall bea~ interest at the ra~'e of seven per cent per annum, from the 28th day of movember, 1922, the date of filing with the Clerk of the city of Santa Aha the Street Superintendent's list of unpaid assessments, and until the whole sum of principal and interest is paid. The interest shall be paid semi-annually by coupons en the 2nd day of January and July, respectively, of each year after the date of the bonds, provided, that the first pay- ment of interest shall not be until.the 2nd day of Janual~y, 1924, being six months before the maturnity of the first -~ annual series of the bonds. The bonds and interest coupons shall be paid at the office of the ~reasu~er of the city of Santa Ana, in said ci~, County of Orange, State of California, and upon the presentation of the proper bonds and coupons out of the redemption fund, and under no circumstances shall said bonds or interest thereon be paid out ~f any other fund. ~ A redemption fund shall be kept by the Treasurer of the city of Santa Ana designated French Street Improvement Bond Redemption Fund, in which the Treasurer shall place all sums receiVed from the collection 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 sha~l be dated the 19th day of December, 1922, and numbered consecutively from 1 to 10, both inclusive. Bonds Ro. 1 to 9 inclusive, shall be each in the denomination of $3V~.9~ and Bond No. 10 shall be in the denomination of $~V~.90. The form of the bonds shall be substantially as provided by Sec. 6 of the Improvement Bond Act of 1915, provided, that the same shall contain the appropriate words and figures to make the said bonds and the form thereof . applicable to the denomination, annual series, and purposes for which the bonds are to be issued, as herein set fort~. ---~ The bonds shall be signed by the ~'ressurer and the Clerk of the city of Santa Ans. 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. Ail of said coupons shall be signed ~y the Treasurer of the city of Santa Ana, but the ~'reasurer's signature may be engraved, printed or lithographed on the interest coupgns in place of the Treasurer's signature by hand.