1924 (#1162-1402) - Laserfiche WebLink

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The interest shall be paid semi-annually by coupons on the 2nd day of Janusry and July, respectively, of each year after the date of the bonds, provided, that the first payment of interest shell not be until the 2nd day of Jsnusry, 1925, being six months before the maturity of the first annual series of the bonds. The bonds and interest shell be paid at the office of the Treasurer of the city of Santa Aha, in said city, County of Orange, ~tate of California, and upon presen- tation of the proper bonds and coupons, out of the redemption fund, and under no circumstances shal] said bonds, or interest thereon, be paid out of any other fund. A redemption fund shall be kept by the Treasurer of the city of Santa Ana desig- nated South Main Street Improvement Bond Hedemption fund, in which the Treasurer shall place all sums received from the collection of s~sessments made for the payment of the cost of the work ~nd improvement upon which the bonds are issued and the interest and penalties thereon. All of the bonds shall be dated the ~th day of January, 1924, and shall be numbered consecutively from 1 to 10, both inclusive. Bonds numbered 1 and 2 shall be each in the denomi- nation of $605.45; bonds numbered from 3 to 10, inclusive, shall each be in the denomination of $805.44. The form of the bonds shall be substantially as provided by Sec. 8 of the Improvement Bond Act of 1915, pro- vided, that the s~me shall contain the a~prcprlate words and figures to make the said bonds and the form thereof aoplica- bls to the denomination, 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 Zna. There shall be attached to each bond interest coupons representing the payments of semi- annual interest accruing snd made payable upon the principal of the bonds to which they ere attached. Ail of said coupons shell be signed by the Treasu- rer of the city of ~ants Ana, but the Treasurer's signature may be engraved, printed, or lithographed, on the interest coupons in place of the Treasurer's signature by hand. The interest coupons sha~ be consecutively num- bered from 1 upward on each bond, and the interest thereby reoresented shsll be paid on the 2nd day of January and July in each year, commencing with the 2nd day of January, 1925, provided, that the coupons representing the first payment of interest which shall become due the 2nd day of January, 1928, being six months before the maturity of the first annual series of the bonds, shall be for the interest accruing there- on from the 12th day of December, 1928.