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Said bonds shall bear interest at the rate of seven percent (7%) per annum, payable semi-annually, and the last installment of said bonds shall mature nine (9) years from the second day of January next succeeding the first day of September following their date. The redemption provisions of said serial bonds shall provide, in addition to all other matters required by law, for the payment of a premium of five percent (5%) of the unmatured principal thereof, should the owner or any person interested in any lot or parcel of land upon which such bonds have been issued desire to pay off any of such bonds and discharge the land described in any of such bonds from the lien of said assessment prior to its maturity and the commencement of proceedings for sale. SECTION 5: NOTICE IS HEREBY GIVEN that on Monday, the 1st day of November,1971, at the hour of 7:30 o'clock P.M. of said day, in the council chambers in the City Hall Annex, .530 No~h Ross Street in said City of Santa Ana, California, the meeting place of said City Council, any and all persons having any objection to the proposed acquisition: work or improvement, or any objection to the grades to which said work is to be done, or any objection to the boun- daries of the district proposed to be assessed to pay the cost and expenses of said work and improvements may appear before said City Council and show why said proposed work or improvements should not be carried out in accordance with this resolution of intention, and may present written protests in the form and manner required by law not later than the hour hereinabove set for hearing objections against the doing of said work, the grades to which said work is to be done, or the extent of the territory to be assessed to pay the cost and expenses thereof. SECTION 6: NOTICE IS HEREBY FURTHER GIVEN that a public hearing will be held by said City Council pursuant to the provisions of Article XIII, Section 17, of the Constitution, and Division 4 of the Streets and Highways Code of the State of California, Sections 33-43 to 33-46, inclusive, of the Santa Ana Municipal Code, and Resolution No. ?~-8~ of this City Council adopted September 7, 1971, for the purpose of finding and determining whether the public convenience and necessity require the aforesaid work and improvement. Said public hearing shall be held concurrently and combined with the protest hearing provided for in Section 5 of this resolution of intention at 7:30 o'clock P.M. on Monday, Novemberl, 1971, or as soon thereafter as said public hearing can be held, in the council chambers in the City HallAnnex, in said C~y of Santa Ana, California at which time any person desiring may appear and be heard. SECTION 7: The Clerk of the Council of said City of Santa Ana shall cause this resolution of intention to be published twice in The Register, a newspaper of general circulation, published and circulated in said City of Santa Ana, California, which said newspaper has heretofore been designated by said City Council as the newspaper in which shall be printed and published all notices, resolutions, orders and other matters required to be published in the proceedings to be taken pursuant to this resolution and under the provisions of the Improvement Act of 1911; the first publication of said notice shall be not less than ten (10) days prior to the date herein fixed for the public hearing fixed by this resolution of intention. SECTION 8: The Superintendent of Streets of said City of Santa Ana shall cause to be conspicuously posted along the line of said contemplated work and improvements, and on all of the open streets within the assessment district, notice of the passage of this resolution of intention, in the time, form and manner required by law. -6-