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107 <br /> <br />debtedness is proposed to be incurred is to p~y the <br />cost of the acquisition of said tract of land for a <br />public park, and to furnish and provide t~e inhabitants <br />of the ctty of Santa Aha a convenient and proper ~lace <br />in the southerly part of said city for reereatfon and <br />pleasure. <br /> <br /> The cost of the acquisition of the described South <br />public park is estimated to be $15,000.00, and the nmount <br />of the principal of the indebtedness to be incurred there- <br />for by the city of Santa Aha is the sum of $15,000.00, <br />and which sum will be too great to be raid out of the <br />ordinary annual income and revenue of the city of Santa <br />Ana. <br /> <br /> A maximum rate of interest to be paid on such indebted-! <br />ness is hereby recited and fixed at five per cent. per <br />annum, payable semi-annually, which r~te of interest <br />shall not be exceeded in the issuance of bonds for such <br />indebtedness. <br /> <br /> Section lC. The Board of Trustees of the <br /> <br />city of Santa Ann hereby orders the submission of the <br />several above stated propositions of incurrinm bonded <br />indebtedness by the city of Santa Aha, for the several <br />purposes, and in the several amounts of the principal <br />of indebtedness, to be incurred therefor, as set forth <br />in snid Resolution ~o. 939, and in this Ordinance here- <br />inbefore separately recited, described, and ststed, to <br />the qualified voters of the city of Santa ~na, ~nd for <br />that purpose an election is hereby called mud ordered <br />to be held at and within the city of ~anta Aha on <br />Thursday, the 29th day of M~rch, 1923, which day is <br />hereby fixed as the date on which said election shall <br />be held, mud it shall be a soecial election. <br /> <br /> At said special election tbere s>'all be and is hereby <br />submitted to the qualified voters of the c~ty of Smnta <br /> <br />Aha the several ~roposltions of incurring bonded indebted- <br />ness by the city of Santa Aha, for the several purooses <br />and in the several amo,mts of the principal of the in- <br />debtedness to be incurred, as set forth in sa~d Reso]utfon <br />No. 9~9, a~]d as in this Ordtnmnce hereinbefore set,rarely <br />recited, described and stated <br /> <br /> Section ll. The manner of holding such <br /> <br />special election and the voting for or against the <br />incurring of indebtedness shall be as follows: <br /> <br /> The several propositions of incurring bonded in- <br />debtedness by the city of Santa Lna shall be submitted <br />to the qualified voters thereof by printed ballot. On <br />ssid ballot the several purposes together with the <br />amount of the prlnci~l of the indebtedness to be in- i <br />cuffed for such purpose shall be set,rarely stated, each <br /> <br /> <br />