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m~turtty of the first annual series of the bonds, shall be <br />for tbs interest accruing thereon from the 1st day of <br />October, <br /> <br /> Bond No. i in the denomination of ~$79.8E shall consti- <br /> <br />tute annual series No. i and be payable July End, 1925, <br />being the 2nd day of July next succeed{ng nine months after t! <br />the date of the bond. <br /> <br /> Annually thereafter on t]~e 2nd day of July on each year <br /> <br />one additional bond in like denomination and in successive <br />numerical order shall fall due and be paid, until the <br />eighth year when one bond in the denomination of ~579.81 <br />shall be paid, annually thereafter one additional bond iu <br />like denomination and in successive numerical order shall <br />fall due~and be paid, ~nd the bonds payable in each year <br />shall constitute the annual series for the 5~ar in which <br /> <br />they are ~o be paid. <br /> Fourth <br /> <br /> ~l of the bonds shall be soIdat the hour of 7:~0 o'clock <br />p.m. of ~onday, the 19th day of Nonember, 1923, to the <br />highest bidder therefor, but not less than their par and <br />accrued interest at the ~ate of their delivery, and the pro- <br />ceeds of the sale thereof shall be deposited in the treasury <br />of the city of Santa Aha to the credit of Sewer District No. 31 <br />I~rovement Bend Redemption Fund, and from which there shall <br />be paid to the Contractors, or his assigns, the balance dna <br />him upon the assessment and warrant for t}~e work done and <br />improvement made upon said streets, including interest upon <br />the principal amount at the rate of 6% from tbs 1st day of <br />October, 1923, and the surplus of s~ch proceeds, if any, <br />shall be credited to said redemption fund for the payment of <br />such bonds. <br /> <br /> If uo satisfactory bids are received, or the Board of <br />Trustees determine that the bids received are not satis- <br />factory as to price or responsibility cf the bidder, t~e <br />Board of Trustees reserves the right to reject all bids <br />received, if any, and re~d~ertise the bonds fcr sa~e, or <br />deliver said bonds to the contractor or his assigns, in <br />satisfaction of the sum due him upon the assessment and <br />warrant. <br /> <br /> Fi. fth <br /> <br /> The assessment, levy and collectlou of taxes in and <br /> <br />for the city of Santa Aha being made through and by the <br />County of Orange, and the'officers thereof, it is ordered t <br />that a copy hereof be fi]ed in the'office of the Auditor of <br />the county of Orange, California.' <br /> <br />I hereby certify that the foregoing Y~esolution and <br />order was regularly introduced befo~.e and passed by the <br /> <br /> Board of Trustees of the clt~ of Santa Aha at a regular <br /> <br /> <br />