1925 (#1403-1607) - Laserfiche WebLink

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1925, and show cause why bonds should not be issued upon the security of the unpaid assessments shown on said Street Super intendent's list; and whereas, at said hour on the 28th day of September, 1925, there was not a quorum present of said Board of Trustees, and no action waw taken other than to con- tinue said hearing unt'il the 5th d ay of October, 1925, at 7:30 o'clock P.M.; and WHEi{EAS, the Board of Trustees of the City of Santa Ana was duly in regular session at the Cot~cil Chamber therec at the hour of 7:30 o'clock P.M. of Monday, the 5th day of October, ~925, being the day, hour and place to ~ich said hearing was continued when and where any persons wishing to appear, might so appear and show cause why bonds should not be issued upon the security of the unpaid assessments shown on said Street Superintendent's list; and W~REAS, notice was duly given in the manner and for required by law that serial bonds to represent unpaid assess- ments bearing interest at the rate of six (6%) per cent per annum will be issued hereunder in the manner provided in the "Improvement Bond Act of 1915", the last installment of which bonds shall mature nine (9) years from the 2nd day of July, next succeeding ten (10) months from their date. And all interested persons having a~peared before this Board of Trustees and having been given full opportunity to show cause why bonds should not be issued upon the securi- ty of the unpaid assessments shown on said list, and all objections presented having been heard and considered; NOW BE IT RESOLVED, that the Board of Trustees do es hereby find and determine that no cause has been shown why bonds should not be issued upoa the security of said unpaid assessments, and does hereby overrule all objections thereto and does hereby ~rect the issuance of said bonds, and furth. BE IT RESOLVED AS FOLLOWS, that bonds shall be is- sued upon the security of said unpaid assessments to said amount of Two Thousand One Hundred Fifty-seven and 95/100 ($2157.95) Dollars. That said bonds shall be ten (10) in nut,bet, and shall be dated October 5th, 1925, and bear interest at the rate of six (6~) per cent per annum, and the denomination of said bonds, and the dates of thereof shall be as follows: the respective maturities Series Bond No. Amount Date of Mat~Pity V-1 1 $215.79 July 2, 192~ V-1 2 215.79 July 2, 1928 V-1 3 215.79 July 2, 192~ V-1 4 215.79 July 2~ 1930 V-1 5 215.79 July 2, 1931 V-1 6 215.80 July 2, 1932 V-1 7 215.80 July 2, 1933 V-1 8 215.80 July 2, 1934 V-1 9 215.80 July 2, 1935 V-1 10 215.80 July 2, 1936