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106 <br /> <br /> contrued to mean the municipal imrrovement set <br /> forth in Resolution No. 9Z9 and sbove described <br /> <br />in this section. <br /> <br /> The objects and rurposes for which the Indebt%d- <br />ness is proposed to be inc~n~red is to p~y the cost <br />of t~e acquisition of s~ld tract of l~nd for a <br />rublic psrk, in order to fur~ish ~nd provide the <br />inhnbitants of the city of Santa Aha a convenient <br />and proper place in the northerly D~rt of said city <br />for recreation and pleasure. <br /> <br /> The cost of the acquisition of the described Nort-k~ <br />rublic park is estimated to be $15,000.00, and the <br />amount of the principal of t~e indebtedness to be <br />incurred therefor by the city of Sant~ An~ is the <br />sum of $15,000.00, which snm will be too great to <br />be p~id out of the ordinary annual income and revenue <br />of the city of Santa Aha. <br /> <br /> A maximum rate of interest to be p~id on such <br />indebtedness is hereby recited and fixed at five <br />per cent. ~er annum, p yable semi-~nnually, which <br />rate of interest shall not be exceeded in the <br />issuance of bonds for such indebtedness. <br /> <br /> Section 9. It havio~ been determined <br /> <br />by Resolution No. 939 of the city of Santa An~, <br /> <br />passed by the vote of two-thirds of all the ~e~bers <br /> <br />of the Board of Trustees of <br />public interest and also the <br />the acquisition ~y the city <br /> <br />said city, that t}:e <br />public necessity demands <br />of banta Ana of a <br /> <br />municipal improvement, to-wit: a p~:blicpark in <br />the southerly p~rt of the city of Ssnt~ Aha, con- <br />sisting of a tract of lond susceptible to i~rove- <br />merit, and of being beautified by the planting and <br /> <br />cultivation thereon <br />and grnss, in order <br />purposes and powers <br /> <br />of trees, shrubs, flowers, <br />to c~rry o~t the objects, <br />of the city of S~nts.~,~a, <br /> <br />the cost thereof will be too great to be p~id o~t <br />of the ordinary annual i~come and revenue of the <br />city of Santa Aha. <br /> <br /> It is further determined and declared that t~e <br /> <br />Board of Trustees of the city of Santa Aha oroposes <br />to incur a bonded debt and to issue and sell the <br />bonds of the city of ~nta Aris to p~y the cost of <br /> <br />the s~id municipal i~provement. <br /> <br /> The use hereinsfter of the words "South public <br />park" means and shall at all ti~es ~nd places be <br />held and construed to mean the ~nicio~l imrrove- <br />ment set forth in Resolution ~o. ~9 and above des- <br />cribed in t~is section. <br /> <br /> STye objects and ourposes for which the in- <br /> <br /> <br />