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RESOLUTION NO. 78-91 <br />PAGE TWO <br /> <br />for said work heretofore adopted by said City <br />Council and on file in the Office of the City <br />Engineer and City Clerk of said.City, and all <br />of said plans, drawings and specifications <br />heretofore approved by the City Council of said <br />City are incorporated herein and made a part <br />hereof, and reference is hereby made thereto <br />for a more particular description of said work. <br /> <br />BOUNDARIEs OF DISTRICT <br /> <br />SECTION 4. That said City Council has determined and de- <br /> clared that the contemplated works of improve- <br /> ment heretofore mentioned were, in the opinion <br /> of said City Council, of more than local or <br /> ordinary benefit, and said City Council has <br /> made the expense of said works of improvement <br /> 'chargeable upon an Assessment District. For <br /> a particular description of the. Assessment <br /> District, reference is hereby made to said <br /> Resolution of Intention. <br /> <br />BONDS <br /> <br />SECTION 5. <br /> <br />That said City Council has determined and de- <br />clared that Serial Bonds bearing interest at <br />the rate of SIX AND ONE-HALF <br />percent ( 6.50 %) per annum, extending over a <br />period ending NINE (9) years from.the <br />2nd day of January next succeeding the next Sep- <br />tember 1st following their date, will be issued <br />hereunder in the manner as provided by the <br />"Improvement Act of 1911", being Part 5 of Divi- <br />sion 7 of the Streets and Highways Code of the <br />State of California, to represent each assessment <br />of Fifty Dollars ($50.00) or more remaining unpaid <br />for thirty (30) days after date of mailing by the <br />Contractor or his assigns of the statement to pro- <br />perty owners pursuant to Section 5390 of the Streets <br />and Highways Code of the State of California. <br /> <br />PROCEEDINGS <br /> <br />SECTION 6. <br /> <br />APPROVED and ADOPTED this <br /> <br />ATTEST: <br /> <br />That all of the work herein ordered shall be done <br />and carried through pursuant to an Act of the <br />legislature of the State of California designated <br />the "Improvement Act of 1911". being Parts 1, 2 and <br />3 of Division 7 of the Streets and Highways Code of <br />the State of California. <br /> <br /> }~YOR <br /> CITY OF SANTA RNA <br /> STATE OF CALIFORNIA <br /> <br />CITY CLERK <br />CITY OF SANTA ANA <br />STATE OF CALIFORNIA <br /> <br />-2- <br /> <br /> <br />