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M R'T�7
<br />SECTION 2. Said bonds shall be issued in series, and the
<br />unpaid assessments, as shown on said list filed by the Sup rintendent
<br />of Streets and determined by the City Council of the City of Redwood
<br />City, together with the interest thereon, shall remain and constitute
<br />a trust fund for the redemption and payment of said bonds and the
<br />interest to become due thereon, which unpaid assessments shall be pay—
<br />able in annual series corresponding in number to the number of series
<br />of bonds issued, and an even annual proportion of each assessment shall
<br />be payable in each year preceding the date of the maturity of each
<br />of the several series of bonds issued, and such proportion of each
<br />assessment coming due in any year, together with the annual interest
<br />thereon, shall in turn be payable in installments as the general taxes
<br />of the city on real property are payable, and shall become delinquent
<br />at the same time and in the same proportionate amounts and bear the
<br />same proportionate penalties for delinquency. Said bonds shall be
<br />signed by the Treasurer of said City of Redwood City and be counter—
<br />signed by the Clerk of said city, who shall affix thereto the corporate
<br />seal of said city. The interest coupons attached to said bonds shall
<br />be signed by the Treasurer of said city, or bear his engraved, printed
<br />or lithographed signature, and such signing and sealing of said bonds
<br />by said officers, and the signing of said coupons by said Treasurer,
<br />shall constitute and be a binding execution of each and every one of
<br />said bonds and all of said coupons thereof, respectively. Said bonds
<br />shall be substantially in the form set forth in the "Improvement Bond
<br />Act of 1915" of the State of California, as amended and now in effect.
<br />The interest coupons attached to said bonds and evidencing the interest
<br />to accrue and become due thereon shall be numbered consecutively,
<br />beginning with the number "one", inclusive and shall be substantially
<br />in the follbwing form, to—wit:
<br />Coupon No. $
<br />The City of Redwood City, California, will pay to the bearer
<br />hereof, on the second day of , 19 , at the office of the
<br />Treasurer of said city the sum of $ being the semi—annual
<br />interest due on Improvement Bond No. , Series No.
<br />Dated:
<br />Treasurer of the City of
<br />Redwood City.
<br />Said bonds shall forthwith be delivered to the Contractor
<br />in -satisfaction of the balance due upon the assessment and warrant.
<br />I hereby certify that the foregoing order and resolution
<br />was duly and regularly introduced and adopted by the Council of the
<br />City of Redwood City at a regular meeting thereof held on the 18th dap
<br />of January, 1932, by the following vote:
<br />Ayes, Councilmen R A BEEGER, W J DUSELI C J HILDEBRANT,
<br />C G LAMBERT, P A MC CARTHY, G W MC NULTY, D R STAFFORD.
<br />Noes, Councilmen NONE.
<br />Abdent: Councilmen NONE.
<br />DANIEL R STAFFORD
<br />Mayor of the City of Redwood City
<br />Attest:
<br />B E MYERS
<br />Clerk of the City of Redwood City
<br />Attorney A.J. Stebenne and Antonio Monteverde appeared before the Council concerning
<br />the Manuel Vierra property and brought up the question of refund of $100 promised
<br />if the delinquency wasell taken care of. Upon the signing of a special agreement
<br />whereby the Vierras were to be permitted to occupy this property until November,
<br />1932, $100 was ordered refunded to Antonio Monteverde, on motion of Councilman
<br />McCarthy, secondo%.,by Councilman Hildebrant.
<br />George McQueen, representing the Redwood City Tribune, explained the intention to bring
<br />out a special issuein connection with the formal opening of the new Tribune
<br />building and asked that the Council appropriate $85 to take a page ad in this
<br />issue. This was done, on motion of Councilman Lambert, seconded by Councilman
<br />McNulty.
<br />In connection with the petition for two—light electroliers on Main Street.between Maple
<br />and E1 Camino Real, the City Attorney submitted a resolution as a first step in
<br />6hese proceedings. This resolution was formally adopted by unanimous vote, on
<br />motion of Councilman Dusel, seconded by Councilman Hildebrant. On motion of
<br />Councilman Hildebrant, seconded by Councilman McCarthy, the City Clerk was
<br />directed to send out cards to the property owners concerned to get an expression
<br />of opinion, following out the legal requirements.
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