1923 (#900-1161) - Laserfiche WebLink

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the date of the bonds, ~rovided, that the first payment of in- terest shall not be until the 2nd day of January, 1924, being six months before the maturity of the first annual series of the bonds. The bonds and interest shall be paid at the office of the Treasurer of the city of Santa Aha, in said city, county of Orange, State of California, and upon the presentation of the proper bonds and coupSns, out of the redemption fund, and under no circumstances shall said bonds or interest thereon be paid out of any other fund. A redemption fund shall be kept by the Trea- s~rer of the city of S~ta Aha designated Bush 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 ~d the interest and pcual~ies ~hercon. All of the bonds shall be dated the 16th day of July, 1925, and shall be numbered consecutively from I to 10, both inclusive. Bonds n,.umbered from i to 8, inclusive, shal2 be each in the denominatlou ~f :~555.39~ bonds numbered 9 and 10 shall be each in the denomination of $535.38. The form of the bonds shall be substantially as pro- vided by Sec. 6 of the Improvement Boud Act of 1915, provided, that the same shall contain the appropriate words and figures to make the said bonds and the form thereof applicable to the denom- ination, annual series, and purposes for which the bonds are to be issued, as herein set forth. The bonds shall be signed by the Treasurer and the Clerk of the city of Santa Ans. There shall be attached to each bond interest coupons representing the payments of semi-annual interest accruing and made payable upon the principal of the bonds to which they are attached. Ail of said coupons shall be signed by the Treasurer of the city of Santa Ana, but the treasurer's signature may be engraved, printed, or tith=graphed, on the interest co~pons in place of the Treasurer's signature by ha~d. The interest coupons baal! be consecutively numbered from 1 upward on each bond and the. interest thereby represented shall be paid on the 2nd day of January and July in each year, commencing with the 2nd day of January, 1924, provided, that the coupons representing the first payment of interest which shall become due the 2nd day of January, i~YA, being six months before the maturity of the first annual series of the bonds, shall be for the interest accruing thereon from the 2$th day of June, 1~2~ Bond No. 1 in the denomination of $§5~.8~ shall consti- tute annual series No. I and be payable July 2nd, 1~24, being the 2nd day of ~uly next succeeding nine months after the date of the bo~.