1923 (#900-1161) - Laserfiche WebLink

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232 Annually thereafter on the 2nd day of July of each year one additional bond in like denomination and in successive numerical order shall fall due and be paid, until the last two years, in which years a bond in the denomination of $535.38 shall be paid, and the bonds payable in each year shall con- stitute the annual series fro the year in which they are to be paid. (4) All of the bonds shall be sold at the hour of V:30 o~clock p.m. of Monday, the 6th day of August, 1923, to the highest bidder therefor, but not less than their par and accrued interest at the date of their deltvez~y, and the proceeds of the sale thereof shall be deposited in the treasury of the city of Santa Aha to the credit of Bush Street Improvement Bond Redemp- tion Fund, and from which there shall be paid to the Contractor, i or his assigns, the balance due him upon the assessment, and war- rant for the work done and improvement made upon a portion o Bush Street, including interest upon the principal amount at the rate ef 6% per annum from the 26th day of June, 1923, and the surplus of such proceeds, if any, shall be credited to said redemption fund for the payment of such bonds. If no satisfactory bids are received, or the Board of Turstees determine that the binds received are not satisfactory as to price or responsibility of the bidder, the Board of Trus- tees reserves the right to reject all bids received, if any and readvertise the bonds for ssi e, or deliver said bonds to the contractor or his assigns, in satisfaction of the sum due him upon the assessment and warrant. (5) The assessment, levy, ~d collection of taxes in and for the city of Santa Ana being made th_rough and by the County of Orange, and the officers thereof, it ia ordered that a copy hereof be filed in the office of the Auditor of the county of Orange, California. I hereby certify that the foregoing resolution and order was regularly introduced before and passed by the Board of Trustees of the city of Santa Aha at a regular meeting thereof held on the lath day of July, 1923, by the vote of the following named members thereof: AYES: Trustees Geo. McPhee, Nat H. Neff C. L. Killen, J. W. Tubbs. NOES: Trustees None ABSENT: Trustees C.H. Chapman (SEAL) Attest~ E. L. Veg,e,,l~ ~le-~of the city of Santa Ans.