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SECTION 4. <br /> <br />SECTION 5. <br /> <br />SECTION 6. <br /> <br />SECTION 7. <br /> <br />That the Treasurer be, and hereby is, directed to have the bonds <br />printed immediately upon the expiration of the cash collection <br />period, and said Treasurer shall then have said bonds signed and <br />delivered to said bidder upon receipt of the amount of monies due <br />pursuant to said bid and upon the performance of all the conditions <br />as set forth in the written offer. <br /> <br />That the interest rate or rates on said bonds be, and the same <br />hereby is fixed at the rate or rates as set forth in said accepted <br />bid proposal. <br /> <br />That the Treasurer is hereby authorized and directed to keep a <br />redemption fund designated by the name of the proceedings, into <br />which he shall place all sums received for the collection of the <br />assessments and the interest thereon, together with all penalties, <br />if applicable, thereon and from which he shall disburse such funds <br />upon presentation of proper coupons. Under no circumstances shall <br />the said bonds or interest thereon be paid out of any other fund <br />except as provided by law. <br /> <br />That said fund shall be known as <br /> <br />"REDEMPTION FUND FOR <br />ASSESSMENT DISTRICT NO. 245" <br /> <br />APPROVED and ADOPTED this 15 th <br /> <br />ATTEST: <br /> <br /> COUN'CIL <br />A ANA <br />STATE OF CALIFORNIA <br /> <br />day of~ <br /> <br /> MAYOR ~'~ <br /> CITY OF SANTA ANA <br /> STATE OF CALIFORNIA <br /> <br />-- EDWARD <br /> City Attorney <br /> <br /> <br />