1925 (#1403-1607) - Laserfiche WebLink

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150 WHEREAS, notice was duly given in the manner and form required by law that serial bonds to represent unpaid assessments bearing interest at the rate of six (6%) Der cent per annum will be issued hereunder in the manner provided in the "Imnrovement Bond $ct of 1915", the last installment of which bonds shall mature nine (9) years from the 2nd day of July next succeeding ten (10) months from their dste. And all interested persons having appeared before this Board of Trustees .nd having been given full opportuni%y to show cause why bonds should not be issued upon the security of the unpaid assessments shown on said list, and all object- tions presented having been heard and considered; NOW BE IT RESOLVED, that the Board of Trustees does hereby find and determine that no cause has been shown w~y bonds should not be issued upon the security of said unpaid assessments, ~nd does hereby overrule all objections thereto, and does hereby direct the Issuance of said bonds, nnd further BE IT RESoLvED AS FOLLOWS, that bonds shall be is- sued upon the security of said unpaid assessments to said amount of Three Thousand, Eight Hundred Thirty-three .nd 51/lOOths ($3833.51) That said bonds shall be ten (10) in number and shall be dated January 19th, 1925, and bear interest et the r. te of six (6%) per cent Der annum, and the denomination of said bonds and the dates shall be as follows: of the respective maturities thereof SERIES BOND NO. AMOUNT DATE OF MATURITY G-1 1 $883.$5 July 2, 1926 O-1 2 883.85 July 2, 192V G-~ 8 383.85 July 2, 1928 , G-1 4 383.35 July 2, lg29 G-1 5 383.35 July 2, 1930 G-1 6 383.35 July 2, 1931 G-1 V 383.35 July 2, 1932 G-1 8 383.35 July 2, 1933 G-1 9 383.38 July 2, 1934 G-1 10 383.36 July 2, 1935 The first couoon of interest shall be for interest from January 6th, 1925, to January 2nd, 1926, ~d the several coupons thereafter shall each be for the semi-annual and interest; BE IT FURTHER RESOLVED, that the signature of the of said City upon the coupons attached to said bonds shall be lithographed or printed signature in place of a sig- nature by hand; snd BE IT ALSO FURTHER RESOLVED, that the City Clerk of s~d City of Santa Aaa be, and he is hereby authorized and directed to deliver forthwith the bonds hereinabove enumerated to the contractor, Lawrence Masse, in satisfaction of the bal- ance due upon his assessment and diagram.