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1950 (#1282-1316)
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1950 (#1282-1316)
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Last modified
1/3/2012 1:06:59 PM
Creation date
4/23/2003 10:07:56 AM
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Template:
Pre-Charter
Year
1950
Pre-Charter - Doc Type
Ordinances
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(COUPON FORM) <br /> <br />No. $ <br /> <br /> On the first day of , 19 , the <br />CITY OF SANTA ANA, California, will pay to the bearer <br />at the office of the Treasurer of said City, in said <br />city, the sum of dollars <br />($ ), in lawful moneY of the United States of <br />America, being the semiannual interest then due on <br />Fire Department Bond, 1950, No. , dated Septem- <br />ber l, 1950. <br /> <br />Treasurer of the City of <br />Santa Ana, California. <br /> <br /> Section 4. That the proceeds of the sale of said <br />bonds shall forthwith be turned over to and placed in the <br />municipal treasury of the City of Santa Ana to the credit of <br />a fund to be designated "1950 FIRE DEPARTMENT BONDS, CONSTRUC- <br />TION FUND," and the moneys in said fund shall be applied exclu- <br />sively to the acquisition and construction of the municipal <br />improvement described in the bond proposition in the recitals <br />hereof. <br /> <br /> Section 5. That for the purpose of paying the prin- <br />cipal and interest of said bonds, the Council of the City of <br />Santa Ana shall, at the time of fixing the general tax levy, <br />and annually thereafter until said bonds are paid or until <br />there is a sum in the treasury of said City set apart for <br />that purpose sufficient to meet all payments of principal and <br />interest on said bonds as they become due, levy and collect a <br />tax sufficient to pay the interest on said bonds and such part <br />of the principal thereof as will become due before the proceeds <br />of a tax levied at the next general tax levy will be available. <br />Said tax shall be in addition to all other taxes levied for <br />municipal purposes and shall be levied and collected as other <br />city taxes, and shall forthwith be turned over and paid into <br /> <br /> <br />
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