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206 <br /> <br /> tko payments of semi-annual interest accruing and made <br /> pebble upon the principal of the bonds to which they are <br /> attached. <br /> <br /> All of said coupons shall be signed by the_ <br /> T~eqsurer of the City of SmSa Ana, but the Treasurer's <br /> signature may be engraved , printed, or lithographed, <br /> on the interest coupons in place of the ~reasurer~s si~- <br /> nature by hand. <br /> <br /> The interest coupons shall be consecutively <br />numbered from 1 upwqrd on each bond, and the interest <br />thereby reprsented shall be paid on the 2nd day of ~an- <br />usry and July in,each year, commencing with the 2nd day <br />of January, 192A, p~ovided, that the coupons representing <br />the first payment of in~erest which shall become due the <br />2nd day of ~anuary, 192A, being six montt-s before the mat- <br />urity of the 'first annual series of the bonds, shall be <br />for the interest accruing thereon from the l~th day of Juz <br />June, <br /> <br /> Bond No. 1 shall cinstitute annual series <br />No. 1 and be parable July 2nd, 1~24, being the 2nd day <br />of ~uly next succeeding.nine months ~fter the date of the <br />bond. Annually thereafter on the 2nd day of ~uly of each <br />year one additional bond. in successive numerical order <br />shall fall due and be paid, unti~ all said bonds are <br />paid, and the bonds payable in each year shall c~nstitute <br />tl~ annual series f~ the year in which they are to be <br /> <br />paid. <br /> <br /> THIHD <br /> <br /> All of the bonds shall be sold st the <br /> <br />hour of ~:SO o~clock p.m. of the z~r~ day fo ~uly, <br />1923, to the highest bidde~ therefor, but not less <br />than their par and accrued interest at the date ~ <br />their delivery, and the proceeds of the amle thereof <br />shall be deposited in the treasury of the city of <br />Santa ~na ct the credit ef ~ast ~alnut 'treet Improve- <br />merit Bond ~ede~fion~und, and from which thereshall <br />be paid to the" <br /> ontractor, or his assigns, the balance <br /> <br />due him upon the assessment and warrant for the work <br />done and improvement made Upon a portion of Sast <br />Walnut ~treet, including interest upon the principal <br />amount at the rate of ~% per annum from the 19th <br />day of "uno, 192~, and the surplus of such proceeds, <br />if any, shall bm credited ~o said redemption fumd fop <br />the payment of such bonds. <br /> <br /> <br />