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BOOK 16_1929-01-07 to 1932-12-19
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1929 to 1932 Book 16
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BOOK 16_1929-01-07 to 1932-12-19
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Last modified
10/12/2017 9:34:25 AM
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10/12/2017 8:57:20 AM
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CC Index
CC Index - Document Type
Minutes
Meeting Type
Regular
Agency Type
City Council
Date
1/7/1929
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19 <br />AND HE IT FURTHER ORDERED that with respect to said bonds having a denomination of <br />1000,00 the first coupon to become due and payable thereon shall be of.the denomination <br />of 067.09, and that eachof the other coupons attached thereto and which will become pay- <br />able thereafter shall be the denomination of 735.00, <br />And that with respect to said bonds having a denomination of 0500.00 the first <br />coupon to become due and payable thereon shall be -of the denomination of 033.54, and <br />that each of the other coupons attached thereto and which will become payable thereafter <br />shall be of the domination of $17.50 <br />And that with respect to said bonds having a demonination of 7300.00 that first cou- <br />pon to become due payable thereon shall be of the denomination of $20.10 and that each of <br />the other coupons attached thereto and which will become payable thereafter shall be of <br />the denomination of 710.50. <br />And that with respect to said bonds having.a denomination of 47100,00 the first <br />coupon to become due and payable thereon shall be of the denomination of $6.70, and that <br />each of the other coupons attached thereto and which will become payable thereafter <br />shall be denomination of $3.50. <br />And that with respect to said bonds having a denomination of 735.,76 the first <br />coupon to become due and payable thereon shall be of the denomination of $2.40, and that <br />each other coupon attached thereto and which will become payable thereafter shall be <br />of the denomination of $1.25. <br />Section 2. Said bonds shall be issued in series, and the unpaid.assessments, as <br />on said list filed by the Superintendent of Streets and determined by the Council of the 2 <br />Town of Redwood City, together with the interest thereon, shall remain and constitute <br />a trust fund for the redemption and payment of said bonds and the interest to become <br />due thereon, which unpaid assessment shall be payable in annual series corresponding <br />in number of series of bonds issued, and an even proportion of each assessment shall be,..;. <br />payable in each year proceeding the date <br />of the maturity of <br />each of the <br />several serices <br />bonds issued, and such proportion of each <br />assessment coming <br />due in any <br />year, together <br />with the interest thereon, shall in tmrn be payable in istallments as the general taxes <br />of said City on real property are payable, and shall become delinqueht at the same <br />ate <br />time and in the said prnportion� amounts and.bear the same proportionate penalties <br />Ifor delinquency. <br />
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