1931 (#2272-2325) - Laserfiche WebLink

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to be paid for any property damaged in the partial separation of grades as proposed in said Resolution of Intention as to those owners who filed protests against the change of grade proposed in s~id Resolution of Intention in the manner provided in said Acquisition and Improvement Act of 1925, and to do all things necessary to prosecute said proceeding to final determination. 8. That the time hereby fixed for receiving bids for the doing of said work and improvements herein ordered is the 16th day of February, 19Gl, at the hour of V:30 otclock P.M., and the Clerk of this City Council is hereby ordered to Dost and to pub- lish in the newspaper designated in said Resolution ~ Intention No. 2~60, a notice inviting sealed bids, requiring in such notice that all bids shall be accompanied by a certified check or bond, all as required by the provisions of Section 12 of the Acquisit and Improvement Act of 19~$, as amended. 6. That to defray the expenses of the work and improvementE herein ordered~ and any damages allowed by the Railroad Con~aission of the State of California for property damaged in said partial separation of grados as proposed in said Resolution of Intention, bonds will be issued to the total amount of the same, said bonds to bear interest at the rate of six percent per annum, payable semi-annually, the first interest payment to be made on the 2nd day of January, or the 2nd day of July (whichever month first succeeds the date of the bonds) next succeeding one year after the date of such bonds, and the aggregate principal of all bonds issued under these proceedings to be paid and discharggd within twenty-three (23) years after the date of issuance, approximately one-twentieth part of such aggregate principal to be paid annually, all in gold coin, and that a special fund for the pa~nuent of said bonds will be constituted by the levy of special assessment taxes upon the lands within the Assessment District, in accordance with the provisions of the Acquisition and I~rovement Act of 1925~ and amendments thereto, according to the assessed value of such lands, exclusive of the improvements thereon, except as otherwise in said Act provided. That the first payment~ on the aggregate principal of the bonds issued will be made three years after the issuance thereof. V. That the proceedings for said work and i~rovements shall be had and taken under and in accordance with an Act of the Legislature of the State of California, known and designated as the "Acquisition and Improvement Act of 19~$", approved ~ay 2~, and amendments thereto, and said bonds shall also be issued in accordanco with the pro- visions of said Act. The foregoing Resolution was duly and regularly introduced, passed and adopted by the affirmative vote of all five members of the City Council of the City of Santa Ana at a regular meeting thereof, held on the 19th day of January, 19~1, by the fei]owing vote, to-wit: AYES, TRUSTEES: J.L.~cBride, W.J.Kell¥, B.0.Sutton, Stanley E. Goode, F.L.Purinton. NOES, TRUSTEES: None ABSENT, TRUSTEmS. None ATTEST: E. L. Vegely 'Clerk of the City of Santa Aha. on