1923 (#900-1161) - Laserfiche WebLink

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27O Clerk of the city of Santa Ama the Street ~uperintendent's list of unpaid assessments, and until the whole sum of prin- cipal and interest is paid; The interest shall be paldsemi-annually by coupons ~-~ on the 2nd day of January and July, respectively, of each year after the date of the bonds, provided, that the first payment of interest shall not be until the 2nd day of January, 1924, being six months before the maturity of the first annual ser- ies of the bonds; the bonds and interest shall be paid at the office of the Treasurer of the City of Santa Ana, in said City, County of Orange, State of California, and upon the presenta- tion of the proper bonds and coupons, out of the redemption fund, and under not circumstances shall said bonds or inter- est thereon be paid out of any other fund. A redemption fund shall be kept by the Treasurer of the City of Santa Ana desig- nated West Chestnut and West Myrtle Streets Improvement Bond --~ Redemption fund, in which the Treasurer shall place all sums received from the collection of assessments made for the pay- ment of the cost cf the work m~d improvement upon which the bonds are issued and the interest and penalties thereon. .Ail of the bonds mb all be dated ~he 2Vth day of August, 1923, and shall be numbered consecutively from 1 to 20, both inclusive. Bonds numbered from 1 to 10, inclusive, shall be each in the denomination of $1000.00; Bond No. 11 shall be in the denomination of $505.45; bonds numbered from 12 to 20, inclusive, shall be each in the denomination of $505.~0. The form of the bonds shall be substantially as pro--~ vtded by Sec. 6 of the Improvement Bond Act of 1915, provided, that the same shall contain the appropriate words and figures to ma~e the said bonds and the form thereof applicable to the denomination, annual series, and purposes for which the bonds are to be issued, as herein set forth. The bonds shall be signed by the Treasurer and the Clerk of the city of Santa Ans. There shall be attached to ' each bond interest coupons representing the payments of semi- annual interest accruing and made payable upon the principal of the bonds to which they are attached. Ail of ssi d coupons shall be signed by the Treasu- rer of the city of Santa Ana, 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 represen- ted shall be paid on the 2nd day of January and July in each year, commencing with the 2nd day of January, 1924, provided that the coupons representing the first payment of interest which shall become due the 2nd day of January, 1924, being six months before the maturity of the first annual series of