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115 <br /> <br /> 3. That the public interest and necessity require and <br /> it is hereby ordered that the work and improvements on <br /> Santa Ana Boulevard, from Main Street to Chapman Avenue, <br /> which includes those portions thereof which are to be <br /> acquired under these proceedings, together with the <br /> necessary parcels of land for slope easements, and revet- <br /> ment work to protect the improvements upon Santa Ana <br /> Boulevard, where the same crosses Santiago Creek, which <br /> parceis of land are also to be acquired under these pro- <br /> ceedings; upon Broadway from Santa Clara Avenue to Santa <br /> Ana Boulevard; and on portions of Charlotte Street, Roe <br /> Drive, Main Street, Chapman Avenue, ~lower Street and <br /> Riverside Drive, all as particularly set forth and des- <br /> cribed in said Resolution of Intention No. 2142, and in <br /> the specifications, plans, profiles and detailed drawings <br /> therein referred to, be made and done. <br /> 4. That the boundaries of the Assessment District and <br /> the grades to which said improvements are to be construc- <br /> ted shall be those set forth in said Resolution of Inten- <br /> tion No. 2142, and in the specifications therein referred <br /> to, reference to which is hereby made. <br /> 5. That the City Attorney of the City of Santa Ana is <br /> hereby ordered to bring an action in the name of the City <br /> of Santa Ana in the Superior Court of the State of Cali- <br /> fornia, in and for the County of Orange, for the condem- <br /> nation of the property necessary to be taken for the <br /> acquisition herein ordered, and described in Section 1 <br /> of said Resolution of Intention No. 2142, and to do all <br /> things necessary to prosecute said action to final <br /> determination. <br /> 6. That the public interest and convenience require <br /> and it is hereby ordered that the City of Santa Ana, <br /> plaintiff in the said condemnation action, take immediate <br /> possession and use of the property herein ordered to be <br /> acquired, upon complying with the requirements of law <br /> applicable thereto, and that the said City Attorney re- <br /> port to this City Council the amounts of money required <br /> therefor as soon as the s m me can be ascertained. <br /> 7. That the time hereby fixed for receiving bids for <br /> the doing of said work and improvements herein ordered is <br /> the 16th day of December, 1929, at the hour of 7:30 <br /> o~clock P.M., and the Clerk of this City Council is here~ <br /> ordered to post and to publish in the newspaper designate~ <br /> in said Resolution of Intention No. 2142, a notice invit- <br /> ing sealed bids, requiring in such notice that all bids <br /> shall be accompanied by a certified check or bond, all as <br /> required by the provisions of Section 12, of the "Acqui- <br /> sition and Improvement of 1925", as amended. <br /> 8. That to defray the expenses of the acquisitions, <br /> work and improvements herein ordered, bonds will be issue <br /> to the total amount of the same, said bonds to bear in- <br /> terest at the rate of six percent per ann,~n (except as <br /> herein stated, for acquisition and immediate possession <br /> bonds) payable semi-annually, the first interest payment <br /> to be made on the Snd day of January, or the 2nd day of <br /> July (whichever month first succeeds the date of the bond <br /> next succeeding one year after the date of such bonds, and <br /> the aggregate principal of all bonds issued under these <br />proceedings to be paid and discharged within twenty-three <br /> years after the date of is~uance, approximately one- <br /> twentieth part of suchaggregate principal to be paid <br /> annually, sll in gold coin, and that a special furn for <br /> the payment of said bonds will be constituted by the levy <br /> of special assessment taxes upon the land within the <br /> Assessment District (excepting the land owned by the City <br /> of Santa Ana, Santa Aha Board of Education and the County <br /> of Orange, @nd in use in the performance of s public func- <br /> tion) inaccordance with the provisions of the"~cquisitio~ <br /> and Improvement Act of 1925", and amen~nents thereto, <br /> according to the assessed value of said lands, exclusive <br /> of the imPrOvements thereon, except as otherwise in said <br /> act provided. That ~e first payment on the aggregate <br /> principal of the bonds issued will be made three years <br /> after the issuance thereof. <br /> That the interest rate to be paid on all acquisition <br />bonds and immediate possession bonds, if any, which shall <br />be issued under these proceedings, shall be issued at a <br />maximum rate which shall not exceed eight percent per <br />annum, payable semi-annually, the exact rate of interest <br />at which such bonds are to be issued and sold to be deter- <br />mined at the sale of such acquisition, or i~medtate <br />possession bonds. <br /> 9. That tho proceedings for said acquisition, work and~. <br />improvements shall be had and taken under and in accordan~ <br />with an Act of the Legislature of the State of California, <br />known and designated as the "Acquisition and Improvement <br />Act of 1925", approved May 23, 1925, and amendments there- <br />to, and said bonds shall also be issued in accordance wit~ <br />the provisions of said act. <br /> The foregoing Resolution was duly and regularly passed <br />and adopted by the affirmative vote of all five members o~ <br />the City Council of the City of Santa Ana, at an adjourned <br />regular meetim~ thereof, held on the 25th day of November, <br />1929, by the following vote, to-wit: <br /> <br /> <br />