BOOK 15_1926-05-03 to 1928-12-17

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172 will become payable the2eafter shall be of the denomination of $3.50. That with respect to said bonds having denomination of $p139.19; That the first coupon to become payable on each of said bonds shall be of the denomination of $9.97; and That each of the other coupons attached thereto which will become payable thereafter shall be of the denomination of $4.87. SECTION 2.- Said bonds shall be issued in series, and the unpaid assessments as shown on said list filed by the Superintendent of Streets and determined by the Board of Trustees, together with interest thereon, shall remain and constitute a trust fund fro the redemtion and payment of said bonds and of the interest which may be due thereon, which unpaid assessments shall be payable in annual series corresponding in number to the number of series of bonds issued, and an even annual proportion of each assessment shall be pauable in each year preceding the date of the maturity of each of the serer4l series of bonds issued, and such annual proportion of each assessment coming due In any year, toilether with the annual interest thereon, shall in turn be payable in installments as the general municipal taxes of said Tovm on real property are payable, and shall become delinquent at thesame times and in the same proportionate amounts and bear the same proportionate penalties and interest for delinquency. Said bonds shall be signed by the Treasurer of said City and counter- signed by the Clerk, who shall affix therto the official seal of said Town; the interest coupons attached thereto shall be signed by the Treasurer or bear his engraved or lithographed signature; and such signing and sealing of said bonds and all of the coupons thereof respectively.. Said bonds shall be substantially in the form set forth in said "Improvement Bond Act of 1915". The interest coupons attached to each of said bonds and evidencing the interest to accrue thereon shall be numbexed consecutively and be substantially in the following form, to -wit: 'Coupon No. 0 The town of Redwood City, California, will pay to bearer hereof on the 2nd day of 0 at the office of the City Treasurer, said sum being the semi-annual interest due on said Improvement Bond No. of SeriesNo. . Dated: January 24$h, 1927. Treasuter. , Said bonds and all of the interest coupons shall be dated January 24th, 1927. SECTION 3. Said bonds shall be delivered to Peninsula Paving Company, the Contractor, in satisfaction of the balance due said Contractor upon its - assessment and warrant. Passed and adopted by the BoaAd. of Trustees of the Torn of Redwood City at a regular meeting of said Board held on the 24th day of January, 1927, by the following vote: AYES and in favor of the passage of the foregoing Resolution, TRUSTEES: Z.T.THORNING,D.R'.STAFFORD,G.W.MaIMTY,E.M.DEARBORN,H.A.BEEGER. NOES and against the passage of the foregoing Resolution, TRUSTEES: NONE• ABSENT: TRUSTEES NONE. ATTEST: H. A. Beeger. President of the Board of Trustees of the Town of Redwood City. W. A. Price. CLERK OF THE TOWN OF REDWOOD CITY. u 0 I I I C QI