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Section 8. <br /> <br /> The rate of interest to be paid on said indebtedness is <br />hereby fixed at five per centum per annum, payable semi- <br />annually, and which is not in excess of the maximum rate of <br /> <br />interest recited in Ordinance No. 6V7. <br /> Section V. <br /> <br /> The first instaliment of interest on the princi~al sum <br />each and every one of said bonds, and the money thereby repre- <br />sented,'shall be paid on the 1st day of November, 19~2, and <br />on the first days of May and November of each and every year <br />thereafter until all of said bonds are paid; both the principal <br />and interest, shall be payable in gold coin of the United States <br />and at the office of the Treasurer of the city of Santa Aha <br />in said city, County of Orange, State of California. <br /> <br />A separate series of bonds for the indebtedness of <br />$1VS,000.00 and for the indebtedness of ~149,000.00 shall be <br /> <br />issued and <br />ing form. <br />"NO. <br /> <br />the said bonds shall be substantially in follow- <br /> <br />Series No. <br /> <br /> UNITED STATES OF AMERICA <br /> <br /> State of California <br /> <br /> City of Santa Aha <br /> <br /> (here insert designation) Bond. <br /> <br /> BE IT KNOWN that the city of Santa Ana, iu the <br />County of Orange, State of California, hereby acknowledges <br />its indebtedness to the bearer of this Bond in the sum of <br />one thousand dollars ($1,000.00), gold coin of the United <br />States, and promises to pay bearer the .sum of one thousand <br />dollars (~l,000.00) in gold coin of the United htates on <br />the 1st day of May, 19__~_, at the office of the City <br />Treasurer in the city of Santa Ana, together with interest <br />thereon at the rate of five per centum per annum, interest <br />payable semi-annually in like gold coin of the.United States <br />on the 1st day of November and the 1st day of May of each <br />and every year that this bond is to r~ua, at said Treasurer's <br />office, upon presentation and surrender of the ~roper <br />interest comport hereto attached. <br /> <br /> This bond is issued by the city of Santa Aha for the <br />purpose of the construction ( of a joint outfall sewer) or <br />( of main sewer pipelines) and by authority and in pursuance <br />of an Act of the I.egislature of the State of California, <br />entitled: "An Act authorizing the incurring of indebtedness <br />by cities, towns, and municipal corporations for municipal <br /> <br />improvements, and regulating the <br />or completion thereof." (became <br />and all acts amendatory thereof. <br /> <br />acquisition, construction <br /> <br />a law Februar~ 25, 190l) <br />Also pursuant to Resolution <br /> <br /> <br />