1930 (#2159-2271) - Laserfiche WebLink

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~43,525.00, heretofore advanced by said City from its General Fund and deposited in Court, in order that immediate ~ossession and use of the public ways sought to be ac- quire~ under the proceedings in the above entitled matter might be had, to reimburse the Treasury of said City from the sale of s~id bonds as provided by law, and for the purpose of furnishing an opportunity to all persons owning lands within the said Assessment District, or otherwise interested, and Feeling aggrieved by any act or determination done or made in the said proceeding, or claiming that any of the previous acts~ determinations or proceedings are irregular, defective, erroneous or faulty, or having any objections to offer, or any reason to advance why bonds should not be issued in the amount above set forth, for the purpose above set forth, to appear before this City Council and be heard upon any of the above mentioned matters. Said bnnds so proposed to be issued in the sum of ~43,525.00 will be iasued under and in pursuance of the pro- visions of the "Acquisition and Improvement Act of 1925", as amended, and shall be issued at a maximum rate of interest which shall not exceed eight percent (8%) per annum payable semi-annually, the exact rate of interest at which the bonds are to be issued and sold to be determined at the sale of such bonds, and the aggregate principal of all bonds issued shall be paid and discharged within twenty-three years after the date of issuance, approximately one-twentieth part of such aggregate principal to be payable annually, all in gold coin, the first~ payment of the aggregate principal of the bonds will be made three (3) years after the issuance thereof. A special fund for the pay- ment of said bonds will be constituted by the levy of special assessment taxes upon the lands within the Assessment District, according to the assessed value of said lands, exclusive of the improvements, as finally determined by this City Council upon the 25th day of November, 1929, and as more fully set forth in the Resolution of Intention in the above entitled matter, adopted by said City Council on the 4th day of November, 1929. 2. The Clerk of this City Council shall prepare and sign a notice of the above mentioned hearing and shall canse the same to be published by at least two insert- ions in the newspaper designated in said Resolution of Intention, and a copy of said notice to be posted and kept posted for at least two days on or near the Chamber Door of said City Council. I hereby certify that the foregoing Resolution was regularly passed and adopted by the City Council of the City of Santa Ana, at a regular meeting thereof held on the 20th day of January, 1930, by the following vote of the members thereof: AYES, TRUSTEES: J.L.l~cBride, Homer C. Chaney, Stanley E. F.L.Puminton. NOES, TRUSTEES: None ABSENT, TRUSTEES: W. J. Kelly. (SEAL). ATTEST: E. L. Vesely Clerk of the City o£ Santa Ana.