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paid until the last year when one bond in the denomina- <br />tion of $64.06 shall be paid, and the bonds payable <br />in each year shall constitute the annual'series for <br /> <br />the year in which they~are to be paid. <br /> Fourth. <br /> <br /> All of the bonds shall be sold to the highest <br />bidder therefor, but not less than their par and <br />accrued interest st the rate of their delivery, and the <br />proceeds of the sale thereof shall be deposited in the <br />treasury of the city of Santa Aha to the credit of <br />North Spurgeon Street Improvement Bond Hedemption Fund, <br />and from which there shall be paid to the Contractor, <br />or his assigns, the balance due kim u~on the assess- <br />ments, and warrant for the work done and i~rrovement <br />made upon a portion of North Spurgeon Street, includ- <br />ing interest upon the principal amount at the rate <br />of 6% per annum from the 6th day of February, 1925, <br />and the surplus of such proceeds, if any, shall be <br /> <br /> said redemption fund for the pavement of <br /> <br />credited to <br />such bonds. <br /> <br /> If no <br /> <br /> satisfactory bids are received, or the <br />Board of Trustees determine that the bids received are <br />not sstisfactory ss to price or responsibility of the <br />bidder, the Board of Trustees reserves the right to <br />reject all bids received, if any, and readvertise the <br />bonds for sale, or deliver said bonds to the contractor <br />or his assigns, in s~tisfaction of the sum due him <br />u~on <br /> <br />the assessment and warrant. <br />Fifth. ~ <br />The assessment, levy, and collection of taxes in <br /> <br />and for the city of Sant~ Aha being made through and <br />by the County of Orange, and the officers thereof, it <br />is ordered that a copy hereof be filed in the office <br />of the Auditor of the county of Orange, California. <br /> <br /> I hereby certify that the foregoing resolution <br /> and order w~s regularly introduced before and gassed <br /> by the Board of Trustees of the city of Santa Ana at <br /> an adjourned regular meetin~ thereof held on the ~Oth <br /> <br />day of February, 192~, <br />named members thereof: <br /> <br /> Ayes, Trustees <br /> <br />Noes., Trustees <br /> <br />Absent, Trustees <br /> <br />Attest: <br /> <br />by the vote of the following <br /> <br />J.W. Tubbs, H.H.Dale <br /> <br />~ohn O Mitchell <br /> <br />None <br /> <br />C.H.ChsFm~4U~ ~.A.Greenleaf <br /> <br />E.L. VEOELY (SEAL) <br />the city of Santa Aha <br /> <br />Clerk of <br /> <br /> <br />