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Aha of ~ mtuuicipal improve~ent, <br />power plant, consisting of the <br />power water tube boilers, <br />condensing steam engines, <br />power electric generators, <br /> <br />being ~n electric light and <br />acquisition of two 200 hor~e- <br />two 175 horsepower cross compound <br />directly connected with two 175 horse- <br /> <br /> one electric switchboard, approxi- <br /> <br /> mately six miles of electric transmission line, together with <br /> the necessary apparatus, appliances, equipment, machinery, and <br /> poles with which to construct and install and the construction <br /> and inst~llation of two electric generating units and transmission <br /> line, with which to generate and transmit electric auergy for <br /> lighting the public streets, buildings and places of the city of <br /> Santa Aha, and operating the pumps of the water system thereof, <br /> in order to carry out the objects, purposes and powers of the <br /> city of Santa Ana, and the cost thereof will be too g~eat to be <br /> paid out of the ordinary annual income and revenue of the city <br /> of Santa. Aha. <br /> <br /> (The use hereinafter in this Ordinance of the words or <br /> <br /> phrase "electric light and power plant" is intended to mean and <br /> shall at all times be construed .to mean the municipal improvement <br /> described in this Section ar.d set forth in Resolution No. 759.) <br /> <br /> It is hereby further determined and declared that the <br /> <br /> Board of Trustees of th~ city of Santa Aha propose to incur a bond- <br /> ed debt and to issue and sell the bonds of the city of Santa Aha <br /> to pay the cost of said municipal improver~ent, to-wit: said electric <br /> light and power plant. <br /> <br /> The objects and purposes for which the indebtedneas is <br />proposed to be incurred is to pay the cost of the construction of <br />t~e electric light and power plant in order to furnish and pro- <br />vide the city of Santa Ana with adequate facilities and means for <br />the generation and transmission of electric energy with which to <br />light the public streets, buildings, and places in and of the <br />city of Santa Aha, and tc operate the pm~ps of the water system <br />thereof. <br /> <br /> The cost of the electric light and power plant is esti- <br /> <br />mated to be $75,000.00, and the ~ount of the principal of the <br />indebtedness to be incurred therefor is the sum of $~5,000.00, <br />which sum is and will be t~.o great tc be paid cut of tls ordinary <br />annual inc~me and revenue of thc city of Santa Aha. <br /> <br /> The m'axim~m rate of interest to be paid on such inde?:ted- <br />ness is hereby fixed at five pot cent. per annum, payable s~ni- <br /> <br />~ ....... ~* , ....... r~ of inter~st shall not be exceede~l in the <br /> <br />issuance of bonds for such indebtedness. <br /> Section 4. <br /> <br /> It having been determined and declared by Resolution No. <br /> <br />~5~ of the city of Santa Anm, p~ssed by the vote of two-thirds <br /> <br />and more of all the members of the Board of Trustees of said city, <br /> <br />,,,J <br /> <br /> <br />