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<br />.. <br /> <br />... <br /> <br />.. <br /> <br />.. <br /> <br />.. <br /> <br />1 <br /> <br />Said Special Specifications referred to in this Resolu- <br /> <br />2 tion are on file in the office of the City Clerk of reid City. Sai <br /> <br /> <br />3 Improvement Plan and said Special Specifications are hereby re- <br /> <br />4 ferred to for a more particular description of said work and lJl9.de <br /> <br />5 a part hereof. <br /> <br />6 <br /> <br />SECTION 3: Said Board of Trustees determines that seria <br /> <br />7 bonds shall be issued to represent each assessment of $25.00 or <br />8 more for the cost of said work or improvement; said serial bonds <br />g shall extend over a pe.riod ending nine (9) years from and after th <br />10 second day of January next succeeding the date of said bonds and <br />11 shall bear interest at the rate of seven (7) per cent per annum <br />12 and an even annual proportion of the principal sum thereof shall <br /> <br />" <br />. <br />~3h 13 be payable by coupon on the second day of January of each year <br />jcl:o: a: <br />o.Jzol4 <br />.~~~ after their date until the whole is paid and the interest shall be <br />1.L.>~o <br />/ ~ ~ ~ ~ 15 payable semi-annually by coupon on the second day of January and <br />I-OZo <br />.J I- z ~ 16 ( ) <br /><(~ ~~ July, respectively, of each year at the rate of seven 7 per cent <br />~ ~ c <br />: 17 per annum on all sums unpaid uhtil the whole of said principal am <br /> <br />18 <br /> <br />interest have been paid. <br /> <br />19 <br /> <br />SECTION 4: All of the proceedings for the aforesaid <br /> <br />20 <br /> <br />improvement and for the issuance of said bonds shall be taken unde <br /> <br />21 <br /> <br />'lnd in accordance with the provisions of an Act of the Legislature <br /> <br />22 <br /> <br />of the State of California, known and designated as the "Improve- <br /> <br />23 <br /> <br />ment Act of 1911" approved April 7, 1911, and of all acts supple- <br /> <br />24 <br /> <br />mentary thereto and amendatory thereof. <br /> <br />25 <br /> <br />SECTION 5: The Arcadia Journal, a weekly newspaper of <br /> <br />26 <br /> <br />general circulation, published and circulated in said City of Ar- <br /> <br />27 <br /> <br />cadia, is hereby designated as the newspaper in which notice of <br /> <br />28 <br /> <br />said work in vi ting seal ed proposals shall be pu blished in the <br />manner and form and by the persons required by law. <br /> <br />29 <br /> <br />30 <br /> <br />SEC1'ION 6: The City Cle rk of said City of Arcadia is <br /> <br />31 <br /> <br />hereby directed to post conspicuously for five days, on or near <br /> <br />32 <br /> <br />the Council Chamber door of said Board of Trustees, in the manner <br /> <br />-2- <br /> <br />/B.o. /y' <br />