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WHEREAS, the contract for said work.and improvements was duly
<br />awarded and thereafter duly completed to the satisfaction of the Street
<br />Superintendent and Council of said City of Redwood City, whereupon an
<br />assessment and warrant were made, recorded and delivered to the contractor
<br />in time, form and manner va required by said Acts, and the contractor
<br />having made due return thereon, and the same having been duly recorded;
<br />and
<br />WHEREAS, on the 23rd day of March, 1931, the Street Superintendent
<br />of the City of Redwood City made and filed with the City Clerk of said
<br />City a complete list of assessments unpaid thereunder upon the respective
<br />assessment numbers thereon, whereupon said City Clerk gave notice of the
<br />filing of said unpaid list and fixed in said notice Monday the 20th day
<br />of April, 1931, at the hour of 8:00 o'clock p.m. at the meeting place
<br />of the Council of the City of Redwood City, as the time and place when
<br />interested persons might appear before said City Council and 'show cause
<br />why bonds should not be issued upon the security of the unpaid.assess-
<br />ments shown on said list, said time being that of this regular meeting
<br />of said Council; and said Council having heard all objections and
<br />passed upon the same, it is hereby -determined that the assessments
<br />unpaid thereunder and the aggregate amount of the same are as follows:
<br />Diagram and Diagram and
<br />Assessment Amount Assessment Amount
<br />Number. Number.
<br />2 246:28 18 266,37
<br />5 260,00 22 3;24
<br />6 3.25 23 266.37
<br />16 260;00 24 .260;00
<br />17 260,00 25 260.00
<br />That the total aggregate amount of said assessments unpaid is
<br />the sum of Two Thousand Eighty Five Dollars and Fifty One Cents
<br />(#20085.51),
<br />Therefore, in consideration of the premises, the Council of the
<br />City of Redwood City does order as follows, to -wit:
<br />j�� SECTION 1. That bonds shall be issued upon the security of the
<br />L, unpaid assessment's to the amount of Two Thousand Eighty Five Dollars and
<br />Fifty Cents (f2,085.50), in accordance with the provisions of the "Improve-
<br />ment Bond Act of 1915" of the State of California, as amended and now
<br />in effect, and under and pursuant to the resolutions, notices and pro-
<br />ceedings of said Council of the City of Redwood City duly adopted and
<br />takes:; said bonds shall be called "Improvement Bonds", shall be 10 in
<br />n naber, shall be dated April 20, 1931, and shall bear interest at the
<br />rate of seven percent Pei annum from the 23rd day of March, 1931, and
<br />the denomination of said bonds and of the interest coupons required to
<br />be attached thereto, with their respective numbers and dates of maturity,
<br />are as follows, to -Mit:
<br />Series Number '
<br />Number of Bond. Denomination Date of Maturity
<br />M-14 1 $ 208:65 July 2, 1932
<br />M-14 2 208;65 July 2, 1933
<br />M-24 3 208,56 July 2, 1934'
<br />M-14 4 208;55 July 2, 1935
<br />M-14 5 208,55 July 2, 1936
<br />M-14 6 208;66 July 20 1937
<br />M-14 7 208;56 July 2, 1938
<br />M-14 8 208;65 " July 20 1939
<br />M-14 9 208,55 July 2, 1940
<br />M-14 10 208,55 July_20 1941
<br />AND 8E IT FURTHER ORDERED that with respect to said bonds having
<br />a denomination of $208.55 the first interest coupon'to become due and
<br />payable thereon shall be of the denomination of '$11.30 and that each of
<br />the other interegt coupons attache4 thereto and which will become payable
<br />thereafter shall be of the denomination of $7.29.
<br />A
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<br />SECTION 2. Said bonds shall be issued in series, and the unpaid
<br />assessments, as ghowa on said list filed by the Superintendent of Streets
<br />and determined by the City Council of the City of Redwood City, together
<br />with the interest thereon, shall remain and constitute a trust fund for
<br />the redemption and payment of said bonds and the interest to become due
<br />thereon, which unpaid assessments shall be payable in annual series
<br />corresponding in number to the number of series of bonds issued, and an
<br />even annual proportion of each assessment shall be payable in each year
<br />395
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