1923 (#900-1161) - Laserfiche WebLink

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205 Bonds shallbe issued_upon the security of the unpaid assessments.shown on the list thereaf, as herein- above determined, for the aggregate principal of the sum of unpaid assessmenta,.to wit: $A868.06, and shall be payable in ten annual series on the 2nd~day of July of each year next succeeding.nine,momths~after their daye until the whole smm of thaggregate principal is paid; said bonds and each of them. shall.bear intemest at the rate of 6% per annum fox-m the lgth day of ~une, the date of filing.with the ~lerk of the ~ity of ~anta ~na the street ~uperintendent's list of unpaid aswess~ents, and until the whole sum of. principal and interest is paid. The intemest shall be paid semi,annually bN coupons on the.2nd day of Januax~ and July, respectively, of each year after the dat.e of the bonds, provided, that the first payment, of interest shall Uot be until the 2nd day of January, l~2A, being.six momths before the maturity of the fi~stannual series of the bonds. The~ bonds and ink,rest .shall be paid at the office of the Treasurer. of the 9ity of Santa Ann, in said ~ity, Count~ of O~ange_, ~t,te of Oalifornia, and upon the presentation, of the.proper bonds and coupons, out of the redemption fund, ~ d under no circumstances shall said bonds or interest thereon be paid out of any oSher fund. A redemption fund. shall be kept by the Treasurer of the City o~enta Ana designated ~ast "alnut ~treet Improvement BondRedemption ~und, in which the Treasurer shall place all sums received from the collec- tion fo assessments made for. the payment of the cos~ of the work and improcement upon which the bonds are issued a~d the interest and penalties thereon. Ail of the bonds shall be dated the 2nd.day of july, 1~23, and shall be nu/abered consecutively from 1 to 10, both inclusiwe. Bonds numbered f~om 1. to 4, both inclusive, shall be each in the denominat~.o.n of $466.80; Bonds numbered from 5 to 10, inclusive, shall be in the denomination fo $ 466.81. The form of the bonds shall be substan- tially as provided by SeC. 6 of the Improvement ~ond Act of 1~15, provided, that the same shall c~ntain the the apnropriate 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 Forth. The bonds shall be signed by the Treas- urer and the ~lerk of the ~ity of Santa Ans. Thereshall be attached to e ach bond interest coupons representing