1923 (#900-1161) - Laserfiche WebLink

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327 represented shall be paid on the 2nd day of January and July in each year, co~mnencing with the 2nd day of JanUary, 1925, provided that the coupons representing the first payment of interest which shall become due the 2nd day of January, 1925, being six mouths before the maturity of the first annual ser- ies of the bonds, shall be for the interest accruing thereon from the 20th day of September, 19~Z. Bond No. i lu the denomination of $1V36.~3 shall constitute annual series No. 1 and be payable July 2nd, 1925, being the 2nd day of July next succeeding nine months after the date of the bond. ~nnually thereafter on the 2nd day of July of each year one additional bond in like denomination and in succes- sive numerical order, shall fall due and be paid, until the first five are paid, thereafter, annually, said bonds in the denomination of $tV36.22 shall fall due and be paid; and the bonds payable in each year shall constitute the annual series for the year in which they are to be paid. Fourth All of the bonds shall be sold at the hour of o'clock P.E. of Monday, the 29th day of October, 1923, to the highest bidder therefor, but not less than their par, and accrues interest at the date of their delivery, and the pro- ceeds of the sale thereof shall be deposited in the treasury of the Oity of S~nta Aha to the credit of Bush Street, East 20th St., West ~Oth St., East Sant~ Clara Ave., 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 Said portion Of Bush Street, East'2Oth St., West 20th St., East Santa Clara Ave., including interest upon the principal amount at the rate of 6% per annum from the 20th day of September, 1923, and the surplus of such proceeds, if any, shall be credited to said redemption fund for the payme~ of such bonds. If uo satisfactory bids are received, or the Board of Trustees determine that the bids received are not satis- factory as to price or responsibility of the bidder, the Board of Trustees reserves the right to reject ail bids re- ceived, if any, and readvertise the bonds for sale, or deliv- er said bonds to the contractor or his assigns, in satisfac- tion of the stun due him upon the assessment and warrant. Fifth The assessment, levy, and collection of taxes in and for the City of Santa Aha being made through and by the County of Orange, and the officers thereof, it is ordered that a copy hereof be filed in the office of the auditor of the County of Orange, California.