1923 (#900-1161) - Laserfiche WebLink

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being six months before the maturity of the first annual series of the bonds, shall be for the interest accruing thereon from the 12th day of December, 1922. Bond No. i in the denomination of $500.00, and Bond No. ll in the denomination of $564.20 shall constitute annual series No. 1 and be payable July 2nd, 1924, being the 2od day of July next succeeding nine months after the date of the bond. Annually thereafter on the 2nd day of each year two additional bonds in like denominations and in successive numerical order shall fall due and be paid, until the last year when one bond in the denomination of $500.00 and one bond in the denomination of $$84.23 shall ~ be paid, and the bonds payable in each year shall constitute the annual series for the year in which they are to be paid. Fourth. All of the bonds shall be sold to the highest er therefor, but not less than their par and accrued bidd- ~ interest at the date of their delivery, and the proceeds of the sale thereof shall be deposited in the treasury of the city of Santa Aha to the credit of East and ~'est Seventeen- th Street Improvement Bond Redemption Fur. d, and from which there shall be paid to the Oontractor, or his assigns the balance due him upon the assessment, and warrant for the work done and improvement m~de upon a portion of ~ast Seventeenth ~treet ~nd ;~est Seventeenth Street, including interest upon the principal amount at the rate of 7% per annum from the 12th day of December, 1922, and the surplus of such procesds, if any, shall be credited to said re- demption fund for the payment of such 'bonds. If no satisfactory bids are received, or the Board of Trustees determine that the bids received are not satisfactory as to price or responsibility of the bidder, the Board of Trustees reserves the right to reject all bids received, if any, and readvertise the bonds for sale, or deliver said bonds to the contractor or his assigns, in satisfaction of the sum due him upon the assessment and warrant. Fifths.. The assessment, levy, and collection of taxes in and for the city of Santa An~ being made through and by t~e County of Orange, and the officers thereof, it is ordered that a copy hereof be filed in the office of the Auditor of the County of Orange, I hereby certify that the california. foregoing resolution and order was regularly introduced before and passed by the Board of Trustees of the city of ~anta ~na at a regnlar adjourned meeting thereof held on the 2nd day of January, 1923, by the vote of the following named members