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NOI~, BE IT iiESOLVED, that the Board of Trustees
<br />
<br />does hereby f~nm an~ determine that no cause has been shown
<br />
<br />Why bonds should not be issued upon the security of said
<br />
<br />unpaid assessments and does hereby overrule all objections
<br />
<br />the~-eto, and does hereby d~rect the issuaYme of said bonds,
<br />
<br />and further
<br />
<br />BE IL HESOLVED ~ FOLLO,o, that bonds hhall be
<br />
<br />isaued upon the securits- of said unpaid assessments to said
<br />
<br /> i~unmr~d an~ Twelve and 06/100t~a (~412.06)
<br />amount of Four '~' = ~
<br />
<br />D'ollars.
<br />
<br />The sai~ bonds shall be T~n (10) in number and
<br />
<br />shall be dated Nove~r7oer 6ti:, 1~2o, an~ bear interest at the
<br />
<br />rate of seven (7/~J) per cent per anm~m, and the denomination
<br />
<br />of s~d bonds and the date~ of the respective maturities
<br />
<br />thereof, shall be as follows:
<br />
<br />~e. ie. Bond Nv. Amount Date of ~.~aturity
<br />
<br />:j41.20 July 2, 1925
<br />41.20 July 2, 1926
<br /> ' " 1927
<br /> 4~.20 July 2,
<br /> 41.20 J~ly 2, 1928
<br /> ~' ~- 1929
<br /> ~1.21 ~al~ 2,
<br /> 41.21 July 2, ]930
<br /> 41 21 ~ ~ ~
<br /> ~u~.y 2,
<br /> ~1.21 ~u,~ ~'- 2, ]932
<br /> 41.21 July 2, ]933
<br /> 4~.2! ~'~" ~, 1934
<br />
<br />TOTAD ~412.06
<br />
<br /> The f~:rst coupon of interest shall be for inter-
<br />eat from October 25th, 192~, to Ja::uary 2nd, 1925, and the
<br />several coupons thereafter shail each be f.or the semi-
<br />annual interest, and
<br />
<br /> BE IT ~,Tt .... ~ .... OLV~L, +hat the ~
<br /> ~ gna ~u~.e of
<br />
<br />tI~e Treasurer of '~'o,e sale ~'~t~- upon the coupons attached to
<br />the s~d bonds sha]t be lithographed or prlmted signature
<br />in place of a signature by hand, and
<br />
<br /> bE iT ~.ILO FUi{THEk E]?~OLVED, that the City Clerk
<br />of said City of L~]ta Dna be, and he is hereby authorized
<br />and directed to deliver forthwith the bonds herei~sbove
<br />enumerated to the contractor, T. '.7. Ogleaby, in satisfac-
<br />tion of the balarce due upon his ssaesgmect and warrant.
<br />
<br /> I hereby certify that the ~oregolng Eeso!ution
<br />
<br />was duly and regularly Uasaed by the Board of Trustees of
<br />t~e City of Santa Aha at a re gu]ar meeting of the sa id Board,~]
<br />held on the 5th day of November, 1923, by the following
<br />
<br />vote, to-wit:
<br />
<br /> Ayes, Trustees,
<br />
<br /> ~oes, Trustees,
<br /> Absent, Trustees,
<br />
<br />C.R. Chapma~ , Goo Y-cPI se, .or
<br />Neff, C.L. Killen, ~.~.. Tubbs
<br />
<br />None
<br />
<br /> J. T';. Tubbs
<br />~resident of the Board of Trustees
<br />
<br />of the City of SantaAna, California.
<br />
<br />
<br />
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