1920 (#649-660) - Laserfiche WebLink

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289 berm of the Board of Trustees of said city aS the legislative branch thereof, that the public of street work therein, conelsting of the construction of cement pavement and a wearing s~face upon thet portion of East First St=eot, a public street in the city of S~ta Ana, ex- tending eaeterly from the intersection of said~st First Street ~ Main Street, also a public mtreet in amid city, to the intersection of said East First Street by the ,~esterly rail of the rai~ro~ track of the Atchison, Topeka & S~ta Me Railroad Company, in order to c~ry out the objects, p~poses and powers of the city of S~ta ~, an~3 the cost thereof will be too great to be paid out of the ordinary annual income ~d revenue of the said city. It is hereby f~ther determined and declared that the Bo~d of Trustees of the city of S~ta Anm proposes to inc~ a bonded debt to pey the coot of the conztruction of said municip~ improvement, end to issue ~d sell the bonds of the city of Santa Aha to pay the co~t of the construction of said cement pavement ~d wearing s~face upon the deecrlbed portion of ~ast First Street; Section 26. The object ~d p~pose for which theindebte~ess Is proposed to be curred ~a to pey the cost of the construction of cement pavement ~d we~in~ s~face by the city of Sentm Aha upon the described portion of E~t First Street in the cit~ of Ana, to make and render the s~e safe, sufficient and adequate for the purposes of public travel and transportation thereon, ~d the construction of s~d m~iolpal improvement to c~zy out the objects, p~poses and powers of the city of ~anta Cost of the construction of cement pavement and wearing surface upon the described portion of East First Street by the city of Santa Ana is estimated to be ~10,000.00 and the amount of the principal of the indebtedness to be incurred there- for is the sum of ~lO,OO0.O0 which sum is and will be too great to be p~id out of the or- dinary annual income and revenue of the city of Santa Aha. Section 28.. The rate of interest to be paid on the principal of the said indebt- edness of .~lO,O00.O0 which it is proposed to be incumred is hereby fixed at 5½% per annum, and the said interest at said rate shall be paid semi-annually. Section 29. It having been determined and declared by Resolution No. 657 of the city of Santa Ana, passed and adopted by the vote of two-thirds and more of ell the mem- bers of the B~ard of T~ustees of said city as the legislative branch thereof, that the public interest and also the public neceseity demands the construction by the city of Sant~ Ana~ of street work therein , consisting of the construction of cement pavement and a wearing su~face upon that portion of Bristol Street, a public street in the city of Santa Ana, extending South from the intersection of said Bristol Street by West Fifth Street, aleoa public street in said city, to ~he intersection of said Bristol Street by the eoutherly ex- terior boundaries of maid city, in order to carry out the objects, purposes and powers of the city of S~nta Ana, and the cost thereof will be too great to be paid out of the or- dinary annual income and revenue of the said city. It is hereby further determined and declared that the Board of Trusteea of the city of Sant~ Ana proposes to incur a bonded debt to pay the cost of the conetruction of said municipal improvement, and to issue and sell the bonds of the city of Santa Ana to pay the coot of the construction of said cement pavement and wearing surface upon the described portion of Bristol Street. Section 30. The object and purpoee for which the indebtedness is proposed to be in- curred is to pay the cost of the construction of cement pavement ~nd wearing surf eec by the city of Santa Aha upon the described portion of Brietol Street in the city of Sar~ a Ana, necessary and convenient Ana. Section 27. The