1923 (#900-1161) - Laserfiche WebLink

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326 succeeding nine months a?ter their date, until the whole sum of the aggregate principa]~ is paid; said bonds and each of them shall bear interest at the rate of 6% per annum from the 20th day of SePtember, 1923, the date of filing with the Clerk ~f the City of Santa Ana the Street Superintendent's list of unpaid assessments, and until the whole sum of prin- cipal and interest is paid: The interest shall be paid semi-annually by cou- pons on the 2nd day of January and July, respectively, of each year after the date of the bonds, provided, that the first pa2ment of interest shall not be until the 2nd day of January, 1925, being six months before the maturity of the first annual series of the bonds. The bonds and interest shall be paid at the office of the ~¥easurer of the City of Santa Aha, in said city, County of Orange, State of Cali- fornia, and upon the ~ esentation of the proper bonds and coupons out of the redemption fund, and under no circumstances] shall said bonds or interest thereon be paid out of any fund. A redemption fund shall be kept by the Treasurer of the City of banta ~ua designated: Bush Street, East 20th St. West 20th ~t. East Santa Clara Ave., Improvement Bond Bedemption Fund, in which the Treasurer shall place all sums received from the collection of assessments made for the pa~nt of the cost of the work and improvement upon which the bonds are issued, and the interest and penalties thereon. All said bonds shall be dated the 9th day of Octo- ber, 192~, and shall be numbered consecutively from i to lC, both inclusive. Bonds numbered from 1 to 5, inclusive, sh~ll be each in the denomination of $1V$6.2~; bonds numbered from 6 to 10, inclusive shall be The form of the provided by Sec. ~ of the each in the denomination of $1V36.22. bond~ shall be substantially as Improvement Bond Act of 1915, pro- vided, that the same shall contain the appropriate words and figures to make the said bonds and the form thereof applica- ble to the denomination, annual series, and purposed 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 ~na. There shall be attached to each bond interest coupons representing the pavements of semi- annual interest accruing and made payable upon the principal of the bonds to which they are attached. All of said con, pons sba]~], be signed by the Treasu- rer of the City of Santa An~, 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 num- bered from I upward on each bond, and the interest thereby