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382 <br /> <br /> the bonds of said City to pay the cost of the acquisition of land in <br /> <br /> the City of Santa Ana for the purpose of public parks. <br /> <br /> The objects and purposes for which the indebtedness is pro- <br /> <br /> posed to be incurred is to pay the ca t of the acquisition of land in <br /> the City of Santa Ana for the purpose of public parks of said City, in <br /> order to furnish and provide the inhabitants of the City of Santa Ana <br /> with adequate public places for recreation. <br /> <br /> The cost to the City of Santa Ana for the acquisition of <br /> <br /> land therein for the purpose of public parks is estimated to be the sum <br /> of $280,000.00, and the amount of the principal of the indebtedness to <br /> be incurred therefor is the sum of $250,000.00, which cost is and will <br /> be too great to be paid out of the ordinary annual income and revenue <br /> <br /> of the City of Santa Ans. <br /> Section 3. <br /> <br /> The completion of the sewer system of the City of Santa Ana, <br /> including the outfall sewer, and the acquisition of land for the pur- <br /> pose of public parks in the City of Santa Aha are each necessary and <br /> convenient to carry out the objects, purposes and powers of the City <br /> of Santa Ans. <br /> <br /> Section 4. <br /> <br /> The maximum rate of interest to be paid on any of the indeb- <br />tedness in this Ordinance proposed to be incurred is hereby recited and <br />fixed at five per cent. per annum, and the said rate of interest shall <br /> <br />not be exceeded in the issuance of bonds for any of s aid indebtedness. <br /> Section 5. <br /> <br /> The Board of Trustees of the City of Santa Ana hereby orders <br /> <br />the submission to the qualified voters of the City of Santa Ana the <br />propositions of ~ncurring a bonded debt by the City of Santa Aha for <br />each of the objects and purposes, and in the amounts of the principal <br />of the indebtedness to be incurred therefor, as set forth in Resolu- <br />tion No. 1644 and as above described and recited in this Ordinance. <br /> <br /> For that purpose a special election is hereby called and <br /> <br />ordered to be held in and for the City of Santa Ana on the 26th day <br />of May, 1926, which day is hereby fixed as the date on which such spec- <br />ial election will be held. <br /> <br /> At the said special election there shall be and is hereby <br />submitted to the qualified voters of the City of Santa ~na the two <br />propositions to incur a bonded indebtedness by the City Of Santa Ana <br />for the two objects and purposes and in the two amounts of the princi- <br /> <br />pal of the indebtedness to be incurred. <br /> Section 6. <br /> <br /> The manner of holding said special election and the voting <br /> <br />for or against incurring such indebtedness shall be as follows: <br /> <br /> The two propositions of incurring a bonded indebtedness by <br /> <br />the City of Santa Aha shall be submitted to the qualified voters of <br />said City by means of a printed ballot; on the ballot the two propo- <br />sitions together with the amount ~ the principal of the indebtedness <br /> <br /> <br />