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.379 <br /> <br />more of the propositions submitted then the issuauoe of the bonds <br />mentioned in such proposition or propositions shall be deemed to <br />be authorized and shall be issued and s~ld by the city of Santa <br />Ana for the several objects and purposes and in the several ~nounts <br />of the principal of the indebtedness t~ be incurred therefor, as <br /> <br />set forth in Resolution No. <br />stated on said ballot. <br /> <br />may be <br /> <br />recited in this 0rdinanoe, and <br /> <br /> Section 18. <br /> <br />The bonds for ~ny and all purposes for which indebtedness <br />authorized to be incurred at the spscial election herein <br /> <br /> called and ordered to be held, shall be issued end s~ld by the <br /> Board cf Trustees of the city of Santa Ana as they may determine, <br /> but f r not le~e than their par value, and accrued interest ou the <br /> date of delivery. And the proceeds of such bonds shall be plac~d <br /> in the mUnicipal treasury of the city of Santa Ana to the credit of <br /> the proper improvement fund and shall be applied exclusively to <br /> the purposes and objects mentioned in this 0rdinsnce, and for which <br /> <br /> the s~e was voted. <br /> Section l~. <br /> <br /> The bonds which may be issued for any one or more of the <br /> objects ~d purposes for which indebtedness is proposed to be in- <br /> curred shall be payable substantially in the following form: <br /> <br /> A part to be determined by the Board of Trustees of the <br /> city of Santa Aha v£nich shall be not less than one-fortieth part <br /> of the whole amount of such indebtedness shall be paid each and <br /> every year on a day and date, smd at a place to be fixed by s aid <br /> Board of Trustees, smd designated in the bonds, together with in- <br /> terest at a rate not exceeding the maximum rate in this Ordinance <br /> fixed and recited, and which interest shall be pays. ble semi-annuall~ <br /> <br /> Th~ bonds shall be issued in such demonination as the <br /> <br />Board of Trustees may detar~nine, except that no bond shall be of <br />less denomination than $100.00, nor of a greater denomination than <br />$1000.00, and shall be payable on the day and at the place so fixed <br />and designated in the bonds. <br /> <br /> All of the bonds shall be si~ned by the Pre~i'l~ut of ~he <br />Boaz'd of Trustees cf the city of Santa Aha, as the executive <br />thereof, also signed by the Treasurer thereof, ar.d ~untersigned <br />by the Clerk. Interest coupons shall be attached to the bonds <br />and numbered consecutively, ~r.d which shsA1 be signed by the <br />Treasurer, provided that the signature of the Tresmurar may be <br />placed on said interest coupons by a printed or lithographed <br /> <br />facsimilie of said Treasurer's sign~ture~ <br /> Section 20. <br /> <br /> Ail proceedings had under this Ordinance smd the issuance <br />and s=te of the bonds ~erein proposed to be issued shall b~ had in <br />accordance with au act of the Legislatur~ of the State of <br />C~lifcrnia entitled: "An Act authorizing the incurring of <br /> <br /> <br />