1923 (#900-1161) - Laserfiche WebLink

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152 All of the said coupons shall be signed by the Treasurer of the City of Santa Ama, but the Treasurer's signature may be engraved printed, or lithographed on the interest coupons in place of the Treasurer's signature by hand. The interest coupons shall be consecutively numbered from 1 upward on each bond and the interest thereby represented shell be paid on the 2nd day of January and July in each year, commencing with the 2nd day of January, 1923, being six months before the maturity of the first annual series of the bonds, shall be for the interest accruing thereon from the 28rd day of April, 1923. Bond No. 1 in the denomination of $1000.00 end Bond No. 11 in the denomination of $504.38 shall constitute annual series No. 1 and be payable July 2nd, 1924, being the 2nd day of July next succeeding nine months after the date of the bond. Annually thereafter on the 2nd day of July of each year two additional bonds in li~e denominations and in successive numerical order shall fall due and be paid, until the last yesr when one bond in the denomination of $1000.00 and one bond in the denomination of ~504.38 shall be paid, and the bonds payable in each year shall constitute the annual series for the year in w~ich they are to be nejd. Fourth Ail of the bonds shall be sold at the hour of V:~O P.M. of ~onday, the 4th day of June, 1925, to the highest bidder therefor, but not less than their par and accrued interest at the date proceeds of the sale thereof treasury of the city of Salts of their delivex~y, and the shall be deposited in the Ana to the credit of West Sixth and Olive Streets improvement Bond redemption fund, and from ~ which there shall be paid to the contractor, or his assigns, the balance due him upon the assessment and warrant for the work done and improvement made upon a portion of West Sixth Street and Olive Street, including interest upon the principal amount at the rate of ~% ~er annum from the 23rd day of April, 1923, and the surplus of such proceeds, if any, shall be credited to sa~d redemption fund for the payment of such bonds. If no satisfactory bids are received, or the Board of Trustees determine that the bids received are not satisfactory as to price or responsibility of the bidder, the Board of Trustees reserves the right to reject all bids received, if any, and re- advertise the bonds for sale, or deliver said bonds to the con- -~ tractor or his assigns, in satisfaction of the sttm due him upon the assessment and warrant. Fi~ th ~he assessment, levy and collection of taxes in and for the city of Santa Ana being made through and by the County of Orange, a~d the officers thereof, it is ordered that a copy hereof be filed i~ the office of the Auditor of the county of Orange, California.