1920 (#649-660) - Laserfiche WebLink

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287 Section 12. The rate of interes, t to be paid on the principal of the said indebt- edness of $25,000.00 which it is proposed to be incurred is hereby fixed at 5½% per annum, and the said interest at said rate shall be paid semi-annually. Section l~. It having been determined and declared by Resolution No, 65? Of the city of Santa Aha, passed and adopted by the vote of two-thirds and more of ali the members of the Board of Trustees of said city as the legislative branch thereof, that the public interest and also the public necessity demands the completion and improvement. of the city Hall of the city of Banta Aha, a building therein constructed for municipal uses and purposes, the completion and improvement thereof to consist of the construction of a concrete besement beneath said building, the removal o£ the toilets now erected upon the ground floor of said building, and their installation in said basement, the construc- tion of of£ice rooms on the floor space now occupied by said toilets, and the repair of the roof of said building, in order to carry out the objects, purposes and powere of the city cf 9ants Ana, and the cost thereof will be too great to be paid out of the ordinary annual income and revenue of the said city. It is hereby further determined, anddeclared that the Board of Trustees of the city of ,canto Ana proposes to incur a bonded debt to pay the cost of the completion and improvement of said municipal improvement, and to issue and sell the bonds of the city of ~anta Ana to pay the cost of the completion and improvement of the said City Hall. .Section 14. The object and purpose for which the indebtedness is proposed to be incurred is to pay the coot of the completion and improvement of said City Hall of the City of ~snta An~ to make and render the same adequate for the use of the city of Santa Ana, as a City Hall, to provide more and necessary office rooms, and to be utilized for public purposes, and to preserve and protect the roof thereof, and the completion and improvement cf said city Hall is necessary and convenient to carry out the objects, purposes and powers of the city of Santa Ans. Sect.ion 1~. The cost of the completion and improvement of said Cit~ Hall is es- timated to be $12,000.00 and the ~mount of the principal of the indebtedness to be in- curred therefor is the sum of $12,000.00 which sum is and will be too gre~t to be paid out of the ordinary annual income and revenue of the city of £a~ta Aha. Section 16. The rate of interest to be paid on the principsl of the said indebt- edness of ~12,000.00 which it is proposed to be incurred is hereby fixe.d at 5~ per annum, and the said interest at said rate shall be paid semi-annuslly. Section 1~. It having been determined and declared by Resolution No. 65? of the city of Santa Aha, passed and adopted by the votebf two-thirds and more of ali the members of the Board of Trustees of said city as the legislative branch thereof, that the public interest and also thepubllc necessity demands the aoquisitio~ of certain property for muni- cipal uses and purposes in the street work of the city bf S-_nta Aha, and to be used in the improvement, repair and care of the public streets thereof, which property shallconsist of one power tr ac tot, in order driven and operated automobile truck with sweeper attachment, one power driven two automobile trucks,one asphalt heater and mixer, and one scarifier and disk, to carry out the o~jeots, purposes, andpow~rs of the city of Santa Au~, and the cost thereof will be too great to be paid out of the ordinary said city. It is hereby further determined and declared that of Santa Aha proposes to lnutzr property for s~d municipal uses and pumposes, annual inoome and revenue of the the Board of Trustees a bonded debt to pay the cost of the acquisiti n and to issue and sell of the city of said the bonds of the city