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

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r - 135 AND BE IT .'UR':HER ORDERED Miat with respect to said bonds having a denomination of 500 the first interest coupon to become due and payable thereon shall be of the denomination of 047.42 and that each of the other interest coupons attached thereto and which will be- come payable thereafter shall be of the denomination of X47.50. And that with respect to said bonds having a denomination of 0400 the first interest coupon to become due and payable thereon Shall be of the denomination of 032.97 and that each of the other interest coupons attached thereto and which will become payable thereafter shall be of the denomination of '0"14.00. And that with respect to said bonds having a denomination of $55.00 the first interest coupon to become due and payable thereon shall be of the denomination of $5.21 and that each of the other interest coupons attached thereto and which will become payable thereafter shall be of the denomination of $1.92. Section 2. Said bonds shall be issued in series, and the unpaid assessments, as shown on list filed by the Superintendent of Streets and determined by the City Council of the City of Redwood City, together with the interest thereon, shall remain and constitute a trust fund for 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 annual proportion of each assessment shall be payable in each year preceding the date of the maturity of each of the several series of bonds issued, and such proportion of each assessment coming due in any year, together with the annu- al interest thereon, shall in turn be payable in installments as the general taxes of the City ;t on real property are payable, and shall become delinquent at the same time and in the same pro- portionate amounts and bear the same proportionate penalties for delinquency. In Said bonds shall be signed by the Treasurer of said City of Redwood City and be counter- signed by the Clerk of said 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 Isignature, 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 said coupons thereof, respectively. Said bonds shall be substantially in the form set forth in the "Improvement Bond Act of 1915" of the State of California, as amended and now in effect. The interest coupons attached to said bonds and evidencing the interest to accrue and be- come due thereon shall be numbered consecutively, beginning with the number "one", inclusive and shall be substantially in the following form, to -wit: Coupon No. v4' -The City of Redwood City, California, will pay to the bearer hereof, on the se- cond day of , 19 , at the office of the Treasurer of said City the sum of ,? being the semi-annual interest due on Improvement Bond No.: , Series No. Dated. & Treasurer of the City of Hedwwood City. Said bonds shall forthwith be delivered to the Contractor in satisfaction of the balance ue upon the assessment and warrant. I hereby certify that the foregoing order and resolution was duly and regualarly introduc- ed and adopted by the Council of the City of Redwood City at a regular meeting thereof held on the 3rd day of September, 1929, by the following vote: