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

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oil L7� LTJ X45. Section 1. That bonds shall be issued upon the security of the said unpaid assess- ments to the amount of al3,357.92, in accordance with the provisions )f the 7Improvement Act of 1911" and the "Improvement Bond Act of 1915" of the State of California, as amended and now in effect, and under and pursuant to the resolutions, notices and proceedings of said 1 js Council of the City of Redwood City duly adopted and taken; said bonds shall be called "Imp- i rovement Bonds," shall be twenty in number, shall be dated October 7, 1929, and bear interest at the rate of seven (7%) per cent per annum from the 27th day of September, 19299 and the denominations of said bonds and of the interest coupons required to be attached thereto, with their respective numbers and dates of maturity, are as follows, to -wit: Series Number k L-2 F^ L-2 �l L-2 L-2 i L-2 L-2 l L-2 L-2 L-2 L-2 L-2 L-2 L-2 L-2 L-2 L-2 L-2 L-2 Number Denomination Date of Maturity of Bond 1 2000.00 July 2, 1931 2 335'1'79 July 2, 1931 4 1000.00 July 29 1932 335.79 July 21 1932 1000.00 July 2, 1933 335.79 July 2, 1933 1000.00 July 2+ 1934 335.79 July 2, 1934 1000.00 July 29 1935 10 1335.79 July 29 1935 11 12 1000.00 335.79 July July 29 29 1936 1936 13 1000.00 July 2, 1937 �4 335.79 July 2, 1937 N1 1 1000.00 355.79 July July 2+ 29 1938 1938 19 1000.00 July 29 1939 1 355.79 July 29 1939 L-2 191000.00 July 2, 1940 L-2 20 355.79 July 2, 1940 AND BE IT FURTHER ORDERED that with respect to said bonds having a denomination of ' $1000.00 the first coupon to become due and payable thereon shall be of the denomination Iof tip88.47, and that each of the other coupons attached thereto and which will become pay- able thereafter shall be of the denomination of M-00. i And that with respect to said bonds having a denomination of $335.79 the first coupon to become due and payable thereon shall be of the denomination of $29.70, and that each of the other coupons attached thereto aad whibh will become payable thereafter shall be of the denomination of � 11.75. 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 the redemption and payment of said bonds and the interest to become due, there- on, which unpaid assessments shall be payable in annual series corresponding in number to the number of series of bonds issued, and an even proportion-iof each assessment shall be pay- able in each year preceding the date of the maturity of each of the several, series of bonds issued, and such proportion of each &"ssessment coming due in any year, together with the annu- al 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.