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let day of the months of September and March thereafter until the whole of said prin-
<br />cipal and interest shall h~v,~ be~n well and truly paid in gold coin of the United States.
<br />
<br /> (i) In the principal sum cf $40,000.00 for the construction of cement pavement and
<br />wearing surface upon those portions of certain public streets in the city of Sants Aha,
<br />not already paved with cement pavement, and wearing surface, which abut upon, and in so
<br />far as they do abut upon, the school grounds of certain public sohoolm in the city of
<br />Fanta Aha, and the sum of $40,000.00 shall be represented by fifty (50) bonds, e~ch dated
<br />the let day of September, 1920, and jumbcred consecutively from one (1) to fifty (~0~,
<br />both inclusive, and e ch odd numbered bond thereof being in the denomination of $1,000.00,
<br />and each even numbered bond thereof being in the denomination of $~00~O0. On the let
<br />day of September, 192~, two of said bonds, one in the denomination of $1000.00, and being
<br />Bond No. 1, and one in the denomination of $600.00, and being Bond No.2, shall be paid,
<br />~nd annusl]y thereafter on the let day of September two additional of said fifty bonds in
<br />like denominations and in successive numerical order shell be paid until the whole sum of
<br />$40,000.00 shall be well and truly paid, in gold coin of the United States, making an
<br />annual payment of $1600.O0 on the principal of the said indebtedness, the said sum being
<br />not less than one-fortieth part of the amount of the principal cf said indebtedness.
<br />
<br /> The principal of the indebtedness in the sum of $~OrO00.O0 shall bear interest from
<br />the let day of September, 1920, and at the rate of 5½% per annum, p~yabl$ semi-annually
<br />the first installment of interest eh~ll be paid on the let day of March, 192~, and on
<br />
<br /> the let day of the months of September and March therea£ter until the whole of ssid prin-
<br />cipal and interest shall have been well and truly paid in gold coin of the United States.
<br />
<br /> (J) In the principal sum of $5,000.00 for the construction of concrete and steel
<br />constructed culverts under and across Second, Third, and Fourth Streets~ public streets
<br />in the city of Santa Aha, and the sum of $5,000.00 shall be r~presentsd by twenty-five (2~)
<br />bonds, each dated the 1st day of September, 1~20, and numbered consecutively from ~ne (1)
<br />to twenty-five (25), ~oth inclusive, e~ch bond in the denomination of $200.00. On the
<br />1st dayof September, l~l, one of said bonds, being Bond No. 1, in such denomination,
<br />shall be paid, and annually thereafter on the let day of September one additional of said
<br />twenty-five bonds in successive numerical order and of like denomination shal~ be paid
<br />until the whole sum of $5,000.00 shall be well and truly paid in gold coin of the
<br />
<br /> State~ making an annual payment of $200.00 on the principal of the ssid indebted-
<br />United
<br />
<br />ness, the said sum being not less than one-fortieth part of the amount of the principal
<br />
<br />of the said indebtedness.
<br />
<br /> The principal of the indebtedness
<br />the let day of September,
<br />the first instalment of
<br />
<br /> in the sum of $5000.00 shall bear interest from
<br />
<br />1920, and at the rate of 5~% per annum, payable semi-annually,
<br />interest shall be paid on the 1st day of March, 1921, and on the
<br />
<br />let day of the months of September
<br />and interest shall
<br />
<br /> 8ectio~ 51.
<br />
<br />object and ?urpose,
<br />
<br /> and March thereafter until the whole of saidprincipal
<br />h~ve been wel~ and truly paid in gold coin of the United States.
<br />
<br /> The principal of the indebtedness to be incurred for e~ch separate
<br /> as set forth in Resolution No. 65?, recited in this Ordinance, and
<br />
<br />stated in the separate propositions on said ballot, shall be represented by a separate
<br />distinct issue of bonds.
<br />
<br /> Each every, and all bonds thst may be authorized at said special election and
<br />hereafter issued by the Board of Trustees oK the city of Santa Ana shall be signed by
<br />the President of the Board of Trustees of the city of Santa Ana, also si~zned by the
<br />Treasurer thereof, and shall be countersigned by the Clerk,
<br />
<br />and
<br />
<br />
<br />
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