1925 (#1403-1607) - Laserfiche WebLink

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Chamber of the City Hall of said City, at the hour of 7:30 otclock P.M. of Monday, the 9th day of November, 1925, and sho~ cause why bonds should not be issued upon the security of the unpaid assessments shown on said Street Superintendentts list; and whereas, at said hour on the 9th day of November, 1925, there was not a quorum present of said Board of Trustees, and no action was taken other than to continue said hearing until the 16th day of November, 1925, at 7:30 o'clock P.M.; and WHEREAS, the Board of Trustees of the City of Santa Ana was duly in regular session at the Council Chamber thereof at the hour of 7:30 o'clock P.M. of Monday, the 16th day of November, 1925, being the day, hour and place to which said hearing was continued when and where any persons wishing to ap- pear, might so appear and unpaid assessments shown on said Street Superintendent's list; and WHEREAS, 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 ~x (6%) per cent per annum will be issued hereunder in the manner provided in the "Improvement Bond Act of 19la", the last installment of whidh 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 appeared before this Board of Trustees and having been given full opportunity to show cause why bonds should not be issued upon the security of the unpaid assessments shown on said list, snd all objection presented having been heard and considered; NOW BE IT RESOLVED, that the Board of Trustees does hereby find and determine that no cause has been shown why bond should not be issued upon the security of said unpaid assess- ments,and does hereby overrule all objections thereto, and does hereby overrule all objections thereto, and does hereby direct the issuance of said bonds, and further BE IT RESOLVED AS FOLLOWS, that bonds shall be issued upon the security of said unpaid assessments to said amount of Six Thousand, Two Hundred Fourteen and 93/100 ($6,214.93)Dollar That said bonds shall be ten (10) in number, and shall be dated November 16th, 1925, and bear interest at the rate of six (6%) per cent per annum, and the denomination of said bonds, and the dates of the respective maturities thereof shall be as follows: Series Bond No. Amount Date of Maturity Z-1 1 $621.49 July 2nd, 1927 Z-1 2 621.49 July 2nd, 1928 Z-1 3 621.49 July 2nd, 1929 Z-1 4 621.49 July 2nd, 1930 Z-1 5 621.49 July 2nd, 1931 Z-1 6 621.49 July 2nd, 1932 Z-1 7 621.49 July 2nd, 1933 Z-1 8 621.50 July 2nd, 1934 Z-1 9 621.50 July 2nd, 1935 Z-1 10 621.50 July 2nd, 1936