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BONDS <br /> <br />SECTION 5. <br /> <br />That this Agency has determined and declared that Serial Bonds <br />bearin9 interest at the rate oF TEN percent (10%) per annum, <br />extending over a period ending NINE (9) YEARS from the 2nd day <br />of January next succeeding the next September 1st following <br />their date, wil) be issued hereunder in the manner as provided <br />by the "Improvement Act oF 1911", being Part 5 of Division 7 of <br />the Streets and Highways Code of the State of California, to <br />represent each assessment of One Hundred Fifty Dollars ($150.00) <br />or more remaining unpaid for thirty (30) days after date oF <br />mailin9 by the contractor or his assigns of the statement to <br />property owners pursuant to Section 5390 of the Streets and <br />Highways Code of the State of California. <br /> <br />PROCEEDINGS <br /> <br />SECTION 6. <br /> <br />That all of the work herein ordered shall be done and carried <br />through pursuant to an Act of the legislature of the State of <br />California designated the "Improvement Act of 19l)", being <br />Parts l, 2 and 3 of Division 7 of the Streets and Highways Code <br />of the State of California. <br /> <br />APPROVED and ADOPTED this <br /> <br />day of <br /> <br />ATTEST: <br /> <br />MAYOR <br />CITY OF SANTA ANA <br />STATE OF CALIFORNIA <br /> <br />CLERK OF THE COUNCIL <br />CITY OF SANTA ANA <br />STATE OF CALIFORNIA <br /> <br /> <br />