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'16S <br /> <br />issued to be paid and discharged within thirty ($0) years after the date of <br />issuance, approximately one-tenth of said aggregate principal to be paid annually, <br />all in gold coin, and theft a special fund for the payment of said bonds will be <br />constituted by the levy of special assessment taxes upon the lands within the <br />Assessment District according to the assessed value of said lands, exclusive of <br />the improvements thereon, and in'the manner provided by the provisions of the said <br />Act under which said acquisition proceedings are had and taken, the first payment <br />on the aggregate principal of all bonds issued will be made three years after the <br />issuance thereof. <br /> <br /> 7. That the proceedings for said acquisition shall be had and taken <br />under and in accordance with an Act of the Legislature of the State of California~ <br />known and designated as the "Acquisition and Improvement Act of 19~5", approved <br />May 23, 1925, and amendments thereto, and said bonds shall also be issued in <br />accordance with the provisions of said Act. <br /> <br /> The foregoing i(esolution was duly and regularly passed and adopted by <br />the affirmative vote of the City Council of the City of Santa Ana, at an adjourned <br />regular meeting thereof held on the 12th day of January, 1931, by the following <br /> <br />vote, to-wit: <br /> <br /> A~ES, <br /> <br />TRUSTEES: <br /> <br />J.L.McBride, W.J.Kelly, B.0.Sutton, <br />Stanley E. Goode, F.L.Purinton. <br /> <br />NOES, TRUSTEES: None <br /> <br />ABSENT, TRUSTEES: None <br /> <br />(SEAL). <br /> <br />ATTEST: <br /> E. L. Ve~ely <br /> Clerk of the City of Santa Ana. <br /> <br /> <br />