12/14/1922-005t
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RESOL [TT I OII
A RESOLTTTInN OF T F ROAnn nF TPTT7777 3 OF THF' rITY OF AVAFFIV, T'RO-
">rIDING_- F'C- R- T ZS TTJ1'P `7 V'D SALT' ^F TU FO IDI! OF SAID ^ITY IN THE
SiT A OF FORTY THOtTSAVD (",40,000.00) DOLLAPS, Tai TKF STTIT OF TWFvTY-
FIVE THOUSAND (t-26,000.00) DOLLAR:, A.ND IN THE STTT4 OF (SITE H TVDPFD
THOTMAND 0'100, 000.00) DOLLARS ' FOP THE nOVSTRTTOTIOI AND ov ,, LF-
TIOTI OF OFRTAIN 1rIMITITPAL TIMPOSrETtFrITa FOR THE rZTY OF PtAREII.i,
PRESORIPING THE FORM OF STTOH ROODS, FIXING THE RATE OF INTEREST
TO RT rAID THI'RYCV, THE DATT k, , M rI AIF r,F pAYT'TVIT OF SAID PONDS,
PRIIIGIPAL AVD INTEREST, ATND FT.TPTHFR PPOITIDI1`ZC' A SINKIVC1. FT?T'D FOE,
THE PAY11PNT AND REDEMPTION CF THE FONDS, PPTPr'IPAL AND INTFPFST.
'- 7FPVAS, by Ordinance No. 428 of the lity of Anaheim,
a special election was called and ordered'to be held within the
city of Anaheim on the 28th day of ' 1922, for the purpose
of submitting to the qualified electors of said city of Anaheim
the proposition of incurring; a debt and issuing the bonds of the
city of Anaheim in the sum of Forty Thousand (40 Dollars
for the purpose of completing a certain building for municipal
uses, for the purpose of submitting to the qualified electors of
said city the proposition of incurring; a debt and issuing the
bonds of said city in the sum of T7enty -five Thousand (Ou5
Dollars for the rurnose of constructing and cor -pleting certain
street work, and also for the nurrose of submitting to the qualifi
electors of said city the proposition of incurring a debt and
issuing the bonds of said city in the sum, of One Hundred 'thousand
0100, 000.00) Dollars for the purpose of corT- Ieting the public
park in said city commonly known as "Anaheim. Park "5 which
Ordinance is hereby referred to for further ;particulars, and
THFRFAS', said special election so called Tvas on the
28th day of Vovenber, 1923, duly held, in all respect s fairly
and legally and in accordance -,ith lair and the provisions of said
Ordinance No. 4?8, and
THIREAS, at said special election there was submitted
to the qualified electors of said city of Anaheim the three
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1 propositions hereinbefore :mentioned, each as a separate and
2 distinct proposition and for the objects and purposes recited in
3 said Ordinance T'a. 428, and
4 THEREAa, by a canvass of the returns of said special
5 election, which canvass thereof was made and had by the Roard of
6 Trustees of said City of Anaheim at a regular adjourned meeting
7 thereof held on the 4th day of December, 1022, it arpeared to
8 and was by said Roard of Trustees found, established and entered
9 of record in the minutes of said meeting that at said special
10 election the votes of more than two- thirds of all the qualified
11 electors voting thereat were voted "Yes" and in favor of each
12 and all of said propositions submitted at such election, as afore -
13 said, and that a resolution of said Roard of Trustees to that
14 effect was duly adopted at said adjourned meeting, which said
15 resolution is on file in the office of the City ^lurk of said
16 city and is hereby referred to for further particulars,
17 NOW THEREFORE, the Roard of Trustees of the City of
18 Anaheim does resolve, determine and declare as follows:
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SECTIOV 1. That bonds of the City of Anaheim shall be
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issued and sold in the sum of Forty Thousand 0`40,000.00) Dollars,
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which is the principal of the indebtedness to be incurred by said
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City of Anaheim for the payment of the conmIetion of a certain
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building in the City of Anaheim for municipal uses, containing
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offices for city officials, a room or chamber for the holding of
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meetings of the Roard of Trustees and other officials, boards
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and tribunals of said city, rooms for the housing and safekeeping
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of prisoners of said city, to be used for the purpose of a city
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jail, and rooms and quarters for the housing of fire apparatus
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of said city and for the necessary accomodations for members of
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its fire den_ artment .
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The sum of Forty Thousand ( 8 40,000-001 1 Dollars shall
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be represented by forty (40) bonds, each in the denomination of
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One Thousand 0,1, COO -f 0 ) Dollars, and shall be numbered consecu-
tively from 1 to 40, both inclusive, all of the said forty bonds
shall be dated the 15th day of January, lg23, and shall be paid
as follows:
One of said bonds shall be raid on the 15th day of
January, 1924, and one upon the 15th day of January of each and
every year thereafter in the order of their number consecutively
until all of said bonds, both principal and interest, shall have
been paid, being an annual payment of not less that one - fortieth
part of the principal of said indebtedness.
Said forty bonds to be issued for the conrletion of
said building for municipal uses shall be known and designated
as "Municipal Building CoY�rletion Ponds ", and the proceeds from
the sale thereof shall be placed in the treasury of said city to
the credit of a fund to be known as "Municipal Puilding Comple-
tion Fund ", and the same shall be ap-plied exclusively for the
purpose for which said bonds were issued.
SECTIM 2. That bonds of the City of Anaheim shall be
issued and sold in the sum of Twenty- five.Thousand (,25,000.00)
Dollars, which is the r..rincipal of the indebtedness to be incurred
by said City of .Anaheim for the payment of the cost of the follow-
ing street work: the grading and paving of certain street inter-
sections in said city, t o -!vit: the intersection of South West
Street and Chestnut Street, the intersection of north Citron
Street and West Chartres Street, the intersection of South Palm
Street and Chestnut Street, the intersection of South Palr. Street
and Oak Street, the intersection of North Palm Street and West
the i tars ct ien of "orth w1elen� tr t a 1z.�4� ` }'e ft ah.
Chartres atree, the intersection o'ou y Helena tree anc ^ Oak
Street, the intersection of South Helena Street and Chestnut
Street, the intersection of South Helena Street and Third South
Street, the intersection of North 7eyn Street and 'West S7camore
Street, the intersection of North 7eyn Street and 'West Alberta
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Street the intersection of "'o Zeyn " treat and Test Wilhelrina
U an T'hila-
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Stre t intersection of 'a�;t Sycamore Stree an" 1,
delphia Street, the int.r3a-_tion of 7ait Sycamore Street and
EITA St"_tiet, the intr:3eCticn of "asst Sycamore " treat and Vorth
"lauding Street, anI the re- surfacing of cert,-- rarts of Lincoln
Avenue bat TIorth '7est :77, an' the westerly boundary line
of said city.
The said sum of Twant r
Dollars shall be rerr6sonted by t (25 bonds each in
the denomination of nne Thousand Dollars, and shall
be nunb_-_--. consecutively from I to 25, both i all of
said t-,enty-five bonds shall be -dated the 15* day of January,
102.7, and shall be raid as fol"I-o
On the 15th c of January, 1^ t7o of said bonds,
bain7 ponds *Io. I and '"", shall be naid, and -annually thereafter,
on the 15th day of January, two additional of said 'ponds, in
successive nun. al order, shall be raid to and including t 15th
-, y thereafter, on the 15th day of
day of January, 1''28, and annua'-'.;.
January, three additional of said bonds, in 3uc nurerical
order, shall be Paid, until all of sa bonds, both rrinci and
interest, shall have been - - , aid, b.ein an annual rayrent of not less
that one - fortieth cart of the -rinciral of said indebtedness.
Said twenty-five bonds to be issued for the rayrient of
the coot of said street 7or' be known and designated as
"Street Trunrovement 'Ponds", and the - nroceeds fror_r the sale thereof
Shall o - I ac .3 d in the - ILI ra c. s u� 'Y o 3 a I V to e credi 0 f
fund to be known as ""treat Irproverf. Fund", and the sane shall
be atpliad excl for the rurros,, for ifhich said bonds �-,ere
issued.
NITInN 3.
That
the
? bonds
or the
r•i of Anaheim shall
be i3suad and sold in
our..
of r
TTundred
I ncl C nn i nn 1
11, p
Dollars, is the -rincippal of the indebtedness to be incurred
by the said lity of Anah3im for 'he ray vent of tha cost of the
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completion of the public park in said city coi known as
"Anaheim dark ", including the installation and planting thereon
3 of trees, flowers, laixms ohrulclbery, and the irstal lat ion,
construction and con-plation of the walks, drives, - ,,,-,crkin,-s and
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other inrroverpents necessary o:- prorer for a municiral park,
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including such iirlrrov,3niants in aid of -public recreation as are
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rarr.itted to said lity of Anah.9 under the la of the State of
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lalifornia.
The said sun. of One Hundred Thousand 0100,000-00)
10 Dollars shall be rerresented by one hundred t-!ently (120 bonds,
eighty (80) of ihich bonds shall be of the denor.�inat:ior of One
12 Thousand U2'l,00rD.C')0) Dollars each, nd forty (40) of 1vrh I ich bonds
13 shall be of the denomination of Five Hundred Dollars
14 each, said one hundred twenty bonds shell be nunloared consecu
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15 ly from 3 - to 120, both inclusive, and of said one hundred t
' ponds, the .pond r-ur. 1 shall of the "'enorninat of One
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17 Thousa.-I ')c1la- the '-�ond nu r-- }?(?red. 2 'he of the
18 denorlination of One Thousand ( Dollars, and the bond
19 number ,d 3 shall be of the denomination of Five TrIundred 0500-00
20 Dolla-s, and all of said 'Conds bearing a number not a multiple
21 of three shall be of the d,�-,nominatvion of One Thousand
22 Dollars, and all other bonds bearing 0. number lihich is a multiple
23 of three shall be of -- he denomination of Five Hundred Dollars.
24 3aid bonds shall be so numbored as to rake two nne
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25 Thousand V Dollar bon,, and one Five 7und V'F)0-00)
saya 26 i i
ollar bond rayab-L -ac! A ir-ar.
27 One the 15th day of January, 1024, two of said One
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28 Thousand I'Jollar• bonds, to-wit: ` nun.bered I I-n I -' ' -, , -:,hall be
29 raid, and or- the said 15th day of Janucry, one of said Five
30 Hundred Dollar bonds, tc- bond nwnbared 3, shall be -naid, and
31 on ',h 15th day of January of each evezry � therelfteT two
32 additional of said One Thouo.n.rd 7ollar bonds and one additional
of sail 'Five Hundred bonds shall be raid until the rrincir,
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and interest on all of said one hundred twenty bonds shall have
been paid, the sane being and constituting an annual payment of
the sum of Twenty -five Fundred U`2, 500.00) Dollars on the
principal of said bonds, being; an annual payment of not less than
one - fortieth part of the principal of said indebtedness.
Said one hundred t*enty bonds to be issued for the
payment of the cost of the cor_jpl;tior_ of the pudic nark in said
city comrA only known as "Anaheir7 'ark ", shall be known and
designated as "'ark Improvement Ponds ", and the proceeds from
the sale thereof shall be placed in the treasury of said city to
the credit of a fund to be known as ftrark Ir.rrovement Fund ", and
the same shall be ap -lied acct` - usively for the purpose for which
said bonus were issued.
NOTION 4. All of said bonds, the issuance and payment
of which is provided for in this resolution, shall bear interest
at the rate of five per cent (5�) per annum, payable semi- annually
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on the 15th day of July and the 15th day of January of each and
every year until said bonds and the indebtedness represented there-
by shall have been paid, the first rayr°lent of interest on each of
said bonds being due on the 15th day of July, 1923-
Princi -al and interest on all of said bonds shall be
payable in gold coin of the United States at the office of the
Treasurer of the Ijity of Anaheim, in said city, O'ounty of Orange,
State of California.
SECTIOV 5. All of said bonds shall be substantially
in the following form, to- : °rit:
Rona N o........... P ... ...............................
United States of Arn�;rica,
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State of California,
lity of Anahe
('Nature of Rond)
Anaheim, (;=a1 if ornia, January 15, 19
Can the day of -- �. A. D. _ _ the
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City of Anaheim, a municiral corporation, incorrorated under the
laws of the State of lalifcrnia, will ray to the bearer, at the
office of the City Treasura_r of said City of Anahein., in the
said City of Anaheim, the sum of
Dollars,
with interas+ thereon at th rate of five per cent - oar annLun from
the data hereof, payable aemi-annually on the 15th day of July
and the 15th day of January, of each year that this bon: L is to
run, upon the presentation and surrender of the interest courons
hereto attached. rrinciral and interest payable in gold coin of
the 7nited States of An-_
This bond is issued in rursuance of the - provisions of an
Act of the Legislature of the State of California, entitled, "An
act authorizing the incurring of indebtedness by cities, towns,
and munici corrorat. ions for municipal improvements, and regulat-
ing the acquisition, construction, or co='-etion thereof," which
became a law February 25th, 1901, and all acts supplementary there-
to and amendatory thereof.
It is further certified that all the requirements of law
and of the ordinances of the City of Anaheim have been fully
complied with by the T)roT,)er offi- for the issuing of this
bond; that this issue of bonds has been authorized by the vote of
two.-thirds of all voters on the question of such issue at a
special . election duly and regularly called and held in said city
on the 28th day of �ovenfber, 19 `?', an, that the total amount of
this issue, together with all indebtedness of said city, does not
in the aggregate exceed fifteen nor cent of - ', - ,he assessed valve of
all the real and personal property of the said City' of Anaheim,
nor does it exceed the 'Limit prescribed by the constitution and
laws of the State of '.alifornia,
That before or at the tire of incur the indebtedness
avidencad hereby provision has been made for the collection of an
annual tax sufficient to nay the inter,3st I on such indebtedness as
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1 it falls dueand also provisions to constitute a sinking fund for
2 the payment of the rrinciral thereof on or before maturity.
3 IV WITNES3 THEREOF, the said city of Anaheim has caused
4 this 'bond to be signed by the executive of said municipality, to-
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gr the President of the Board of Trustees of said ' ity of
6 Anaheim, and also by the Treasurer of said city, and to be counter-
7 signed by the 013rk of said -j+ ,r -- the -or seal of said
8 city to be affi. thereto; and said city has also caused the
9 coupons thereto attached to be numbered consecutively and signed
10 by the Treasurer of Said "ity of Anaheim.
11 k'
12 Predident - the _R6ard _T rust eFe_s
13 of the (Uty of Anaheim.
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15 Treasurer — of fFe_�_TFy
16 Countersigned:
17 —
I i t Y ,,, le ek 07 t p ity ' of r ahe im.
18 That interest coupons shall be attached to each of said
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bonds, representing each installrent of interest to accrue on
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s U' h
C. bond upon the maturity thereof, which said interest coupons
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shall be numbered consecutively, beginning at number one, and
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shall be substantially in the followin,7 form, to-wit:
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No .............. (Amount of Pond)
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On the day of (month of maturity),
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A. D. ----(Year of naturity), the lity of Anaheim promises to
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pay to'tha bearer at the office of the city Treasurer of the "ity
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28 of Anaheim the sum of Dollars, in gold
coin of the rTnited States of Amorica, the semi-annual interest
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30 due of --_-_-----(nature of bond), No ........... (nunber
of bond to which counon is attached).
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SECTION 3. That the President of the Board of Trustees
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of the 1 4ity of Anaheim being the executive of the i-.qunicipality,
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and the city Treasurer of said city, are hereby authorized and
directed to sign all the bonds therein -,provided for, and the `'ity
clerk of said city is her- ,-by authorized3. and directed to counter-
sign the same and affix the corporate seal of the pity of Ana' ^.eim
thereto, and the ^ity Treasurer of said city is hereby authorized
and directed to sign the interest coupons of said bonds by having
his name rrinted or lithographed th -ereon; and ,paid ponds shall be
delivered by said lity lie-7- to said city Treasurer in the
respective amounts herein rrovided.
BFCTIM1 7. For the ru -nose of payin* the principal and
interest of said bonds, the Board of Trustees of the ^ity of
Anaheim shall at the time of f ixinr, the general tax levy and in
the manne -r for such general tax levy provided, levy and collect
for the fund hereinafter provided for, annually, each year, until
such bonds are paid, or until. there shall be a sum in the treasury
of said city set apart for that purpose sufficient to meet all
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surs bscor^in7 due for the rrircipal .nd interest on all Said bonds,
taxes sufficient to ;gay the annual interest on said bonds, and
also such cart of the rrinciral thereof as shall become due before
the time for fixing the ne:.yt ?enaral tax levy. Said taxes shall
be in addition to all other taxes levied for municiral purposes,
and shall be collected at Uhe same time and in the same manner
as other municiral taxes are collected, and as collected shall
be forthidth paid into the respactive funds for which the came
j WI
was levied and collected, as follows:
The taxes so Collect.- :for the payment of the rrinciral
and interest of said Yuniciral ':�uii ding lomnletion Ponds shall be
raid into a fund to be known and desinnated as "Municipal Building
Completion, Interest and Redenntion Fund ", which fund is hereby
created and all taxes collected for the payment of the principal
and interest on said bonds shall be ^paid into }aid fund and said
fund shall be used for the payment of the sums to become due for
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the principal and int-1r3st on said bonds, and for no other purpose.
The taxes so collected for the payment of the - n-rincipal
and interest of said Street Improvement Ponds shall be paid into
a fund to be known and designated as "Street Inirroven-ent, Interest
and Redemption Fund", which fund is hereby created and all taxes
collected for the - nayment o" the rrincinal and interest on said
bond3 shall be rail. into 3ai `-"und an,i said fund shall be used
for the payment of the sums to become due for the -principal and
interest on said bonds, and for no other purpose.
The taxes so collected for the payment of the nrin--iral
and interest of said Park Inrrovoment Ponds shall be - paid into
a fund to be known and designated as "Park Improvement., Interest
and Redemption 7und", -,vhich fund is hereby created and all taxes
collected for the rjayri_ant of the rrinci and interest on said
bonds shall be raid into said fund and said fund shall be used
for the raymant of the sums to become dua for the principal and
into. -ast on said " and for no other punpose.
SVITIM 8. 'That the I/ity of the Oity of Anaheim
be, and he is hereby authorized and directed to T)ublish for two
(2) weeks in the Anaheim, Gazette, a weekly ne of general
circulation, published, printed and circulated in said city, a
notice invitinp, rro to rurchase said bonds of the lity of
Anaheim, ordered issued under and by virtue of this resolution,
which said notice shall be in the following - Corr: - ,:
NOTTIE OF SAL;, r'F PONID3 OF TT-TF 11 )ITY OF APAHEITA.
Notice is hereby given that the pity ) Anaheim, a
municipal corporation, offers for sale, and -,ri11 sell to the
highest bidder, for cash, but for not less than their rar value
and accrued interest at the date of delivery, the following
municipal bonds of said city, to—
a. Forty bo-rds, known and lesignated "Tfuniciral Building
0ormletion Ponds", each in the denomination of One Thousand
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1 ("?1, 0 CO) Dollars, issued for the ocynnIetion of a municirzl
2 building d
All of said bons January 15, and nrill
3 '9 raid one bond each ir-l=, comrler.Cin7 7riluh the ].5th day of
4 + isoue `�ain- -, in `Torty yea=- These
5 bonds bear interest all -1 - - h-, rate cf fivo re.-I --ent ner annun, - nay-
6 able semd- annually, co=-encing itri July 15, 1 n and
7 into ..+ -ayable, at th. ',I 7 --eas - a�_ - 3y C th-� C Cf
8 Lnahe in.
9 T-.vent bonds, 1-nown and designated "Street
10 lr,:provei, 'Ponds", oach it the denoriination of nne 7.
11 Ua"Ooc. �ollars issuea - -L^o - r the construct --rd _=711tion of
12 cart st-ree-15 A of 3::�, `o�: are , ,-Tatod January '15, 2927.
13 and will be - naid tio bones each year corLnencing, January 15, 1
14 for five years, and there-_,,fter three bon,-Is each vear for five Years,
15 the ant ire issue being - raid in ten These bonds b interest
16 at the rate of five rer c -pe-T armun, rayable semd-annually,
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Comriencin,n: �,-,Tith july 1 �
5, 1� .-inlclinal xr-d inl� -..,
18 the office of th Treasueer of the nity of Anahair.:-
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c. One Hundred 1 51--! nty bonds, known and designated
20 "Park Tmprcvement 7onds", i_, -;'o- - wile, coL-rietion of the
21 1-he denor. nat ion
rark in sai. city, aighty of which are each in
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of n Thousand T)oliars. A of 3a;d elLrhty bonds
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are dated January 11 5, 1923, and 'n-- paid t- bcnds each year
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commencin.- 'ith the 15th day O January, 19"'3 all of
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bonds -aid in forty yea--s. 'These bonds bear interest at the
26 rate of fi�re rer Cent. - -or 31--nur,
nually, commencing
an
27 1 U. at the office
'r, th July 19733, --rinci )a! ar' interest ravab"
28 s C Sa
I ' o +he Tre asurer of the "ij CIf And fort.7 ond f _ id
U - 4d
29 one hundred 4 1-vently bonds are; e3c r or Five
in th-, & t
30 T t ars. or s,-i;l r Thcn�Ilq are :1,atelf;.
Hundred (�"5'0 C'� 7 _. - 14 o
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31 January 1- 9", and ,!ill ba rail_ft. one bond each yea com-nencing
32 sa - Forty bonds being
`.71th the 15th day of Januai- 1 all of la
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paid in forty years. All of said forty bonds bear interest at
the rate of five per cant rar annum, - payable semi- annually,
commencing with July 15,, 1923, rrinci and interest payable at
the office of the Tr?, Of the city of Anaheim.
Sealed r-ro for all of the three issues of bonds
abov described, or for any one or more of said issues, will be
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received by the ' of the lity of Anaheim up to the hour of
eight o'clock P. 19 . of Thursday, the 11th day of January 19 2U,
at which time the bids rill be opened and the bonds awarded by
the Roard of Trustees, at the council chamber thereof, in Room
One of the Masonic Temple Ruilding, at No. 255 Fast 'enter Street,
in the City of Anaheim, California. Each bid shall be accompanied
with a certified chec!k of at least two ner cent of the amount of
the bid, rayable to the lity of Ana-hain, and certified by a
responsible bank. The '_.it of Anaiheim furnish a full,
certified abstract of the proceedings leading up to the issuance
and sala of these bonds to the successful bidder. The 'lity of
Anaheim hereby reserves the right to reject any and all 'tids-
gated, at Anaheim, lialifornia, the __ day of
December, 1932.
r,dward P. Merritt,
City Clerk of the City of Anahei
Section 0 1. The Oity "leek of the lity of Anaheim is
hereby instructed, under and pursuant to the "provisions of
Section 678 of the Political Code of the : of 1 1all-fornia, to
forth by mail, postage pre notify the State Board Of
Control of the State of California, ,and the State Treasurer of
0alifornia, at the % in the lity of Sacramento, Oalifcrnia,
of such issuance and sale, of bonds Band shall specify the
purposes for which such bonds were voted, the amount of the
total issue of such bonds, the denomination of each bond, show-
ing the date of issuance and the date of maturity, and the rate
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of interest, sho 7 , , rhen and where nayable, the assessed value
of the - ororarty on -Yiich such bonds are a lien, the total amount
of other bonded indebtedness -7hich is a lien unon said rrorerty,
and shall, u?pon request o"' the State Board of f'ontrol, furnish
a_ full description of the nroceadings leadin urn to such issue.
SECTION 10. The "ity ^lerx of the ^ity of Anaheim shall
cartify to the rassage of this Mesolution, and therefro - m and
thereafter the sane shall take eff1ct and be in full force.
The foregoing resolution was gassed and adopted at a
regular meeting of the Board of Trustees of the nity of Anaheim,
at a regular meeting of said Board of Trustees held on the 14th
day of December, 1922, and is on said 14th day of December, 1922,
signed and approved by me.
President of the Poard o Trustees
o the "ity of Anaheim.
Attest:
City llei - k -- o? the i +y of - he m
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STATE OF CALUORN IA,
IOUPTY nP nPANGE 31S.
.11TY r AYAT-TTIM
I. Edward P. 'YlLerritt, lity `'lark of the 'jity of
Anaheim, do hereby certify that the -foregoing resolution was
introduced and was Rya ss,d and alorted at a regular m-letin!z of the
Roard of Trustees of the lity of Anaheim held on the 14th day of
December, 1922, by the - following vote:
AYFS, Trustees 4%. L
."All
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Trustees 14-11, C--
A.PIEWT A.VP Vr W11 Trustees
IN WIT1 TTTM?Fr'F, I have hereunto set my hand and
aff fixed the seal of the lit of Anaheim this 14th day of
Decezifoor, 1922.
". o . the �Jy�. Anaheim.
�ir.
7ity Ilerk 6
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