1930 (#2159-2271) - Laserfiche WebLink

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follows: F~om Zone A, Fifty-two per cent (§2%). From Zone B, Forty-eight-per cent (48%). Section 4. That to defray the expenses of the things proposed to be done as above set forth, bonds will be issued to the total amount of the same; that the interest rate to be paid on all acquisition bonds and immediate possession bon~s, if any, which shall be issued under these proceedings shall be issued at a ma~imxxm rate which shall not exceed eight per cent (8%) per annum, payable semi- A~ually, the exact rate of interest at which such bonds are to be sold to be determined at the sale of such acquisit~on-or immediate possession bonds, the first interest payment to be made on the ~nd day of January or the 2nd day of July (which ever month first succeeds the date of the bonds) next succeeding one year after the date of such bonds, and the aggregate principal of all bonds issued to be paid and dischargAd within thirteen (13) years after the date of issuance approximately one- tenth of said aggregate principal to be paid annually, all in gold coin, and that a special fund for the payment of said bonds will be constituted by the levy of specialassessment, taxes upon the lands with the Assessment District according to the assessed value of said lands, exclusive of the improvements thereon, and in the manner provided by the provisions of the said Act under which said acquisition proceedings are had and taken, the first payment on the agg~egate principal of all bonds issued w~ll be made three years after the issuance thereof. Section 5. That the 29th day of September, 1930, at the hour of 7:30 otclock P.M. of said day, is the day and hour, and the Council ChamBer of the City Council of the City of Santa Aha, in the City Hall in the City of Santa Aha, California, is the place fixed by said City Council when and where any and all persons having any objections to the proposed acquisitions as hereinbefore set forth, to the extent of the Assessment District, or to any or all of the foregoing, may appear before said City Council and be heard. Section 6. That the proceedings for said acquisition, opening and wideniI cf portions of Flower Street shall be had and taken under and in accordance with an Act of the Legislature of the Stqte of California, known and designated as the "Acquisition and Improvement Act of 1925", approved May 23, 1925, and amendments thereto, and said bonds shall also be issued in accordance with the provisions of said Act and amendments thereto. · Section 7. That Clyde L. Jenken, City Engineer of the City of Santa Aha, is hereby appointed Superintendent of Work, without compensation, and heis hereby ordered to cause to be conspicuously posted, Ln the manner provided in Said Act, notices of the adoption of this Resolution, entitled, "Notice of Public Improvement~ in letters of not less than one inch in length, in t~e form required by la~. Section 8. That the Clerk of this City Council shall certify to the adoption of this Resolution, and shall cause the same to be published by two insertions in the Santa Aha Daily Evening Register, a daily newspaper published and circulated in the City of Santa Ana, California, which is hereby designated for that purpose, and for making all other publications in or incident to these proceedings. The foregoing Resolution was duly and regularly introduced, passed and adopted by the City Council of the City of Santa Aha, at an adjourned regular meet- ing thereof, held on the 8th day of September, 1980, by the following stated vote, to-wit: AYES, TRUSTEES: W.J.Kelly, B.0.Sutton, Stanley E. Goode, F.L.Purinton. NOES, TRUSTEES: J. L. McBride ABSENT, TRUSTEES: None ATTEST: E. L. Ve~el~ 'Clerk of the City of Santa Ans. By: Erma Keeler, Deputy. (SEAL).