1923 (#900-1161) - Laserfiche WebLink

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37i Bonds numbered from 1 to 10, each in the denomination of $500.00; 11 to 19, inclusive shall be each in $139.90; Bond No. 20 shall be in the The form of the bonds shall inclusive, sholt be bonds numbered 'from the denomination 6f denomination of $]39.96.~ be substantially as provided by Sec. 6 of the Improvement Bond Act of 1915, provided, that the same shall contain the ap~ropriate words and figures to make the said bonds and the form. thereof aprlicabie to the denomination, annual series, and p~rposes for which the bonds are to be issued, as her~in set forth. The bonds shall be signed by the Treasurer and the Clerk of the city of Santa Ana. There shall be attached to each bond inter, st coupons representing the payments of selma-annual interest accruing and made payable upon the principal of the bonds to which they are attached. All of said coupons shall be signed by the Treasurer of the city of Santa Aaa, but the Treasurerls signature may b~ engraved, printed, or lithographed, on the interest coupons in place of the Treasurer's signature by hand. The interest coupons shall be consecutively numbered from i upward on each bond and the interest thereby re- presented shall be paid on the 2nd day of January and July in e'ch year, commencing with the 2nd day of J~nuary, 1924, provided, that the coupons representing the first payment of interest which shall beco~e due the 2nd day of J~m~ary, 1924, being six months before the maturity of the first annual series of the bonds, shall be for the interest accruing thereon from the Bth day of January, 1923. Bond No. i in the denomination of $500.00 and Bond No. ll in the denomination of e139..0 shall constitute annual series No. i and be payable Jul~ 2nd, 1924, being the 2nd day of July next succeeding nine months after the date of the bond. Annually thereafter on the 2nd d~y of July of each year two additional bonds in like denominations and in successive numerical order s?m]l fall due and be paid, until the last 2ear when one bond in the denomination of $500~00 and one bond in the denomination of $139.96 shall be paid, and the bonds payable in earth year shall constitute the annual series for the year in which t~ey are to be paid. Fourth. All of the bonds shall be sold to the highest bidder therefor, but not less than their par and accrued interest at the date of their delivery, and the proceeds of the sale thereof sh~ll be deposited in the treasury of the city of Santa Aaa to the credit of ~est First Street Improvement Bond Redemption Fund, and from which there shall be paid to the Contractor, or his assigns, the balance due him upon the assessment, ~mnd warrnnt, for the work done mad improvement