Laserfiche WebLink
114 <br /> <br /> denomination of $1000.00 and shall be numbered consecutive- <br /> ly from i tO 25, both inclusive; all of said 25 bonds shall <br /> be dated the 1st day of ~ay, 192Z, and b~ paid as follows: <br /> on the 1st day of May, 1924, one (19 of said bonds, being <br /> Bond No. l, shall be paid, and annually theveafter, on the <br /> 1st day of ~,~ay, one additional of said bonds, in successive--] <br /> <br /> paid, until all of said bonds, ~ <br /> numerical <br /> order <br /> shall <br /> be <br /> <br />both principal and interest, have been well and truly paid, <br />being an annual payment of not less than one-fortieth part <br /> <br /> of thevprincipal of said indebtedness. <br /> Section 6 <br /> <br /> The rate of interest to be paid on any ~nd all indebted- <br />ness proposed ~o b6 incurred and upon the bonds ordered to <br />be issued therefor is hereby fixed at five % per annum, <br />payable semi-annually and which ~s not in excess of the <br />maximum rate of interest recited in Ordinsnce No. ~0V of <br />the city of Sants Aha; the first installment of interest <br />on the principal sums of each and every one of said bonds,~ <br />and the money thereby represented, shall be p~id on the <br />l~ day of November, 192Z, and on the l~t day of May ~nd <br />November of each and e~ch year thereafter until all of <br />said bonds are paid, both the principal and interest shall <br />be payable in gold coin of the United States, ~nd at the <br />office of the Treasurer of the city of Sant~ Aha, in s~id <br />city, county of 0range, State of California. <br /> <br />Section V. <br />A separate <br />indebtedness in <br />objects and <br />issued, and <br />ing form: <br /> <br />series of bonds shall be issued for the <br />the principal sum ~or each of the sewral <br />purposes for.which bonds ~re herein ordered <br />the bonds shall be su~stantially in the followf-1 <br /> <br />"No. <br /> <br />( here <br /> <br /> UNITED STATES OF AMEHICA <br /> <br /> State of California <br /> <br /> City of Santa Aha <br /> <br />insert designation ) Bond. <br /> <br />Series No. <br /> <br /> BE IT KNOWN that the City of Santa Aha, in the County <br />of Orange, State of Callfornia, hereby a~nowledges ita <br />indebtedness to the bearer of this bond in the sum of <br /> <br /> Dollars, gold coin of the United <br />States, and promises to pay the bearer the sum of <br /> <br /> Dollars in gold coin of the United <br /> <br />States on the 1st day of May, 19 , at the office of <br /> <br />the City Treasurer in the city of Santa Lna, together with <br />interest thereon at the rote of <br />per centum per annum, interest p~y~bte semi-annually in <br />llke gold coin of the United States on the 1st day of <br /> <br /> <br />