BOOK 16_1929-01-07 to 1932-12-19

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.128 And that with respect to said bonds having a denomination of 0128.42 the first coupon to become due and payable thereon shall be of the denomination of $3.59, and that each of the oth-. er coupons attached thereto and which will become payable thereafter shall be of the denominat- ion of 04.49• 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 Council of the City of " Redwood City, together with the interest thereon, shall remain and constitute a trust fund for V the redemption and payment of said bonds and the interest to become 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 proportion of each assessment shall be payable in each year pre- ceding the date of the maturity of each of the several series of bonds issued, and such prop- ortion of each assessment coming due in any year, together with the annual interest thereon, shall in turn be payable in installments as the general taxes of said City on real property are payable, and shall become delinquent at the same time and in the same .proportionate amounts and bear the same proportionate penalties for delinquency. Said bonds shall be signed by the Treasurer of said City of Redwood City and be counter- signed by the Clerk of saic City, who shall affix thereto the corporate seal of said City. The interest coupons attached to said bonds shall be signed by the Treasurer of said City or bear his engraved, printed or lithographed signature, and such signing and sealing of said bonds by said officers, and the signing of said coupons by said Treasurer, shall constitute and be a binding execution of each and every one of said bonds and all of the coupons'thereof respectively. Said bonds shall be substantially in the form set forth in the ;t'Improvement Bond Act of 1915" of the State of California, as amended and now in effect. 1 The interest coupons attached to *said bonds and evidencing the interest to accrue and be - comp due thereon shall be numbered consecutively, beginning with, the number "one", inclusive, and shall be substantially in the following form, to -wit: Coupon No. 0 The City of Redwood City, California, will pay to the bearer hereof, on the second of ,19 , at the office of the Treasurer of said City,, the sum of tib , being the semi-annual interest due on Improvement Bond No. of Series No. Dated TreaEuxrer of the �Cti't-g of Redwood City Said bonds shall forthwith be delivered to the contractortin satisfaction of the balance due upon the assessment and warrant. I hereby certify that the foregoing order and resolution was duly and regularly introduc- ed and adopted by the Council of the City of Redwood City at a regular meeting thereof held on the 19th day of August, 192_, by the following vote: Ayes, Councilmen: Z. T. Thorning, D. R. Stafford, G. W. McNulty., W. T. Dusel, P. A. McCarthy, H. A. Beeger. Noes, Councilmen: None Absent, Councilmen: E. M. Dearborn, Approved: H. A. Beeger may ur u i Lne Loy o Y tteawooa ui ty , , f , W. A. Pri ce Clerk of the City of Redwood City and ex -officio Qlerk of the Council of said City 6