1920 (#649-660) - Laserfiche WebLink

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The interest to be paid on said bonds shall be evidenced by interest coupons attached to maid bonds and said interest coupons shall be numbered consecutively. The interest coupons shall be signed by the Treasurer of the city of Santa Aha. The principal and interest of each and every one of said bonS$ ahall be pay- able at the treasury of the city of santa Aha, in said city, County of Orange, Stmte of California. No bond, the issuance of which may be ~.uthorized at said special election, or which is hereafter issued or sold by the city of Santa Aha, shall be sold for less than its par value and proceeds of each bond sold shall be placed in the municipal treasury of the city of santa Ana to the credit of the proper improvement fund and shall be applied exclusively to the purposes and objects mentioned in this Orellnance. Section 52. The indebtedness which it is proposed to incur for all of the objects and purposes set forth in Resolution No. 65?, recited in this Ordinance, stated in the proposition on said ballot, to-wit: a proposed total indebtedness of $234,000.00, together with all other indebtedness heretofore incurred by the city of Santa Ana will not in the aggregate exceed fifteen per cent of the assessed value of all the real and persons1 property of the city of Santa Aha. ~ection 5]' All proceedings had under this Ordinance and the issuance and sale of the bonds therein proposed to be issued shall be had in accordance with an act of the Legislature of the State of California, entitled: "An Act authorizing the incurring of indebtedness by cities, towns and municipal corporations, for municipal improvements, and regulating the acquisition, construction or completion thereof" (became a law under constitutional provision without Go~Vernor's approval Feb. 25, 1901) and any and all acts that are amendatory thereof. Section ~4. This Ordinacne shall ~e published once a day for eight (g) days in the 8~NTA AMA DAILY EV~N~NC- REGISTER, a newspaper of general circulation, published in the city cf S~nta Ana six days a week, and this Ordinance and the publication thereof as provided for in this Section shall constitute a notice of said special election, and no other notice of such special election need be given. ~ection 5~. This Ordinance being s~ Ordinance calling ~nd otherwise relating to an election, the same shall go into effect and be in force from and after its fina~ passage. The foregoing Ordinance No. 651 w~s passed at an adjourned regular meeting of the Board of Trustees of the city of Santa Ana, as the legislative ~ranch thereof, held on the 14th day of June, 1920, by the vote of more tL~n two-thirds of all the members of the said Board of Trustees, and on said d..'.y was signed and approv=d by the President of the Board of Trustees of said city, the said Ordinance being pas~ed hy the affirmative vote of the following named trustees: Ayes, Trustees John G. Mitchell, J. W. A. Walter/Greenleaf. Noes, Trustees None. Absent, Trustees None. The above and foregoing Ordin~nce No. 14th day of June, 19Z0. Attest: Clerk Pro-tam of the City of Santa Aha. Tubb$, C. N. Chapman, H.H.D~le, 651 is signed smd a~proved by me this John ~. ~itchell President of the Board of Trustees of the city of Santa Aha.