1920 (#649-660) - Laserfiche WebLink

Home Browse Search

288 of Santa Aha to pay the cost of the acquisition of said property f~r said municipal uses and purposes. Section la. The object and purposes for which the indebtedness is proposed to be in- curred is to pey the cost cf the acquisition of the described property, to provide and fur- nish the city of Santa Aha with the necessary property, apparatus and appliances for the improvement, repair, an~ care of the public streets thereof, and the acquisition of the said property is necessary and convenient to ca~ry out the objects, purposes and powers of the city of Santa Ans. Seotic~ l~. The cost of the acquisition of the described property -is estimated to be $16,000.00, and the amount of the principal of the indebtedness to be incurred there- for is the sum of $16,OOO.OO which sum is and will be too great to be paid out of the ordinary annual income and revenue of the city of Santa Aha. .~$ection 20. The rate of interest to bepaid on the principal cf the said indebt- edness of $16, OOO.OO which it is proposed to b~ incurred is hereby fixed at 5½% per annum, and the said interest at said rate shall be paid semi-annually. Section 21. 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 all the members of the Board of Trustees of the said City as the legislative branch thereof, that the public interest and also the public neces.:ity demands the aonetruction by the city of S aura Aha of street work therein, consisting of the construction of cement pavement and a wearing surface upon that portion of North Main Street, a public street in the city of Santa Aha, extending northerly from the intersecl~on ofsaid North Main Street by First 1~treet, also a public street in said city, to the intersection of North Main Street by the northerly ex- 'terior boundaries of said city, in order to carry out the objects, purposes and pow=rs of the city of Santa Aha, and the cost thereof will be too great to be paid out of the ordinary annual income and revenue of the said city. It us hereby further determined and declared that the Board of Trustees of the city of Santa Ana proposes to incur a bonded debt to pay the cost of the construction of s~ d municipal improvement, and to issue and se 11 the bonds of the city of $enta Aha to pay the cost of the construction of said cement pavement and wearing surface upon the described portion of North Main Street. Section 22. The object and purpose for which the indebtedness is proposed to be incurred ia to pay the cost of the construction of cement pavement and wearing surface by the city of Santa Aha upon the described ~ortion of North MainStreet in the city of Santa Aha, to make and render the same safe, sufficient and adequate for the pu~rposes of public travel and transportation thereon, and the construction of said municipal improvement is necessary and convenient to carry out the objects, purpose~ and powers of the city of Santa Ans. Section 23. The cost of the construction of cement pavement and wearing sur- face upon the described portion of North Main Street by the city of S~nta Ana is estimated to be $36,000.00, and the amount of the principal of the indebtedness to be incurred there- for is the sum of $36,000.00, which sum is and will be too great to be paid out of the ordinary annuel income and revenue of the city of Santa Ans. Section 24. The rate of interest to be pal~ on the principal of the said indebt- edness of $36, O00fO0 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 25.- It having bee~ determined and declared by Resolution No. 65? of the city of Santa Aris, passe4 and adopted by the vote of two-thirds and more of all the mem-