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unpaid assessments shall be payable in annual series corresponding in number to the number <br />of series of bonds issued and an even annual proportion of each assessment shall be payable <br />i in each year preceding the date of the maturity for each of the several series of to nde <br />issued, and such proportion of each assessment coming due in any year, together with the <br />annual interest thereon, shall in Burn be payable in stallments as the general municipal <br />taxes of said city on real property are payable, and shall become delinquent at the same <br />1 times and in the samero ortionate amounts and bear the same <br />p p proportionate penalties for <br />delinquency. <br />Said bonds shall be signed by the Treasurer of said city and countersigned by the <br />Clerk, who shall affix thereto the official seal of said city; the interest coupons affixed <br />thereto shall be signed by the Treasurer or bear his engraved or'lithographed signature; <br />said bonds shall be substantially in the form set J rth in said "Improvement Bond Act of 191'18, <br />as amended; said Treasurer and .said Clerk being hereby authorized and directed so to sign <br />and covuntersign respectively. <br />j The interest coupons attached.to each of said bonds and evidencing the interest <br />'( to accrue thereon shall be numbered consecutively and be substantially in the following farm, <br />to -wit: <br />Coupon No..... <br />0.......... <br />The Town of Redwood City will pay to the bearer <br />hereof on the second day of .........19..., <br />..........., at the office of the Treasurer of <br />said city in the County of San Mateo, State of <br />California, said sum being the semi-annual <br />interest due on Improvement Bond No•.... . of <br />Series..:.., dated this 21st,day of September, <br />1925- <br />e <br />! Section ¢. Said bonds shall bedelivered to Freeman, Smith & Camp Co., assignee <br />if W. W. Thompson, the Contractor, in satisfaction of the balance due said assignee of said <br />3ontractor upon its assessment and warrant. <br />I hereby certify that the foregoing resolution was duly.. and regularly introduced' <br />and adopted by the Board of Trustees of the Town of Redwood City at a regular meeting there <br />)f held on Monday, the 21st day of September, 1925, by the following vote: <br />AYES: Trustees Mabie, Monteith, MoNulty, Beeger. <br />NOES: Trustees None <br />ABSENT: Trustees M. Be Ryan, <br />Attest W. A. Price. <br />Clerk <br />Seal <br />1_ <br />On motion of Trustee Monteith, seconded by Trustee Mabie, the City Attorney be instructed <br />to make the finincial arrangements with Contractor regarding the street improvements around <br />she park in the Mezesville district. Motion carried. <br />Trustee McNulty offers the following Resolution and moves its adoption, Trustee Monteith <br />seconds the motion. Motion carried. <br />RESOLUTION FIRING TAX RATE FOR THE TOWN OF REDWOOD <br />CITY FOR THE FISCAL YEAR 1925-1926. <br />RESOLVED, by the Board of Trustees of the Town of Redwood'City that the rate of <br />;axes for the fiscal year 1925-1926 upon each $100 of the assessed valuation of the property <br />.n said Town of Redwood City,for the payment of the Water Works Bonds of said Town falling <br />e and becoming payable during said year together with the interest thereon be, and the same <br />