1920 (#649-660) - Laserfiche WebLink

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292 All of which streets are public streets order to ca~ry out Zhe-objects, purposes thereof will be too great to be paid out said city. It is hereby further determined and declared that in and of the city of Santa Aha, and is in and powers of the city of Santa. Aha, and the cost of the ordinary annual income and revenue of t he the Board of Trustees of the city of Santa Aha proposes to incur a bonded debt to pay the cost of the construction of s~id municipal improvement, and to issue and sell the bonds of the city of Santa Aha to pay the cost of the construction of concrete and steel constructed culverts under and across the said Second, Third, end Fourth Streets of the city of Santa Ans. Section 3g. The object end purpose for which the indebtedness ia proposed to be in- curred is to pay the cost of the construction of concrete and steel constructed culverts under and across Second, Third and Fourth Streets, public streets in the city of Santa Aha, to provide sufficient and proper drainage for the storm water which from time to time is rreol~itated and accumulates upon and along said pu~olic streets, and that the construction of said municipal improvement is necessary and convenient to carry out the objects,pur- poses and powers of the city of santa Aha. Section 39' The cost of the construction of concrete and steel constructed culverts under and across said Second, Third end Fourth Streets, public streets in the city of Santa Aha, at the said intersections, by the city of Santa Aha, is estimated to be ~5,000.00 and the amount of the principal of the inde~edness to be incurred therefor ie the sum of ~5,000.00. which sum is and will he too greet to be paid out of the ordinary annual income and revenue cf the city of Santa Ans. Section ~O. The rate of interest to be paid on the principal of the said indebtedness of $5,000.00 which it is proposed to be incurred is hereby fixed at 5~ per annum, and the said interest at said rate shall be paid semi-annually. Section 41. The Board of Trustees of the city of ~anta Ana hereby orders the submission of the several above stated propositions of~%nourring bomded indebtedness by the city of santa Aha, for the several purposes, and in the several amounts of the principal of indebtedness to be incurred therefor, as set forth in said Resolution No. 65?, end in this Ordinance hereinbefore recited, described and stated, to the qualified voters of the city of santa Ana, and for that purpose an~. election is hereby called and ordered t~ be held at and within the city of Santa Aha on Tuzsday, the 2Oth day of July, 1920, which day is hereby fixed as the date on which said election shall be held, and the said election shall be a specia! election. Section 42. At the special election called, ordered to be held, and provided for by Section 41 of this Ordinance, there shall be and is hereby submitted to the qualified voters of the city of Santa Aha, the several propositions of incurring ~Onded indebtedness by the city of ~anta Aha, for the several purposes, and in the severa~amounts of the principal of the indebtedness to be incurred, as set forth in said Resolution No. 65?, and as in this Ordinance hereinbefore recited, described, and stated. ~ectlon 4~. The manner of holding such special election and the voting for or against incurring said indebtednes~ shall be as follows: The several propositions of incurring bonded indebtedness by the city of Santa Ana shall be submitted to the qualified voters the~-eof by printed ballot. On said ballot the several purposes togother with th, amount of the principal of the indebtedness to be incurred for such purpose shall he separately stated, each as a distinct proposition.