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Said bond& shall. bear interest at a rate or rates <br />to be hereafter fixed by resolution, but not to exceed <br />per cent 6 %) per annum, payable annually the first year <br />and semiannually thereafter. Said bonds And the interest <br />thereon shall be payable in lawful money of the United States <br />of America at the office of the City Treasurer of the City <br />of Colton California, it said city or at fiscal <br />agency of the city in Los Angeles, California, Chicago, <br />Illinois, or in New Fork, New York, at the option of the <br />holder thereof. <br />section 2. ThAt the Mayor and the City Treasurer <br />of said city are hereby a.utbori 4ed and directed to sign all <br />of said bonds by their Prrated, lithographed or engraved <br />facsimile signatures, and the City Clerk of said city is <br />hereby Authorized and directed to countersign said bonds <br />and to affix thereto the corporate seal of said city, and <br />the City Treasurer of said city is hereby authorized and <br />directed to sign the interest coupons of said bonds by his <br />printed, lithographed or engraved facsimile signature, and <br />to number said interest coupons of each of said bonds oon- <br />secutively. <br />Section; 3. That the proceeds of the sale of said <br />bonds (except premium, if any, and accrued interest) shall <br />fortbwith be turned over to and placed in the municipal <br />treasury of said city to the credit of 4 fund hereby created <br />and designated " RAILWAY 'UNDERPASS a BONDS, ELECTION 1965, <br />ACQUISITION AND IMPROVEMENT FUND'S <br />