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<br />following municipal improvement, to wit: Improvement of the municipal water system,
<br />including a new water reservoir, transmission and distribution lines, pipes, valves,
<br />fittings, wells, pumps, machinery, apparatus, equipment, lands, easement, rights of way
<br />and other works, property or structures necessary or convenient for the improvement of
<br />the municipal water system of the Town of Pleasanton?
<br />Section 3. That said bonds shall be issued as hereinafter set forth, and shall be sold
<br />in accordance with law at not less than their par value and accrued interest. Said bonds
<br />shall he $115,000.00 in aggregate principal amount and shall be known as "Toting of Pleasanton
<br />1953 Improvement Bonds." Said bonds shall be negotiable in form, and of the character
<br />known as serial and shall be 115 in number, numbered consecutively from 1 to 115, both
<br />inclusive, of the denomination of $1,000.00 each. Said bonds shall be dated July 15th
<br />1953, .(which is hereby fixed and determined to be the date of the issue of such bonds).
<br />All of said bonds shall bear interest from their date until paid at the rate or rates
<br />designated by the City Council of the Town of Pleasanton at the time of the sale of said
<br />bonds, but not to exceed four (4) per centum per annum, payable semi annually. Such
<br />interest shall be evidenced by coupons attached to each bond, and each of said coupons
<br />shall represent six months' interest on the bond to which it is attached. Said interest
<br />coupons shall be payable on the 15th day of January and the 15th day of July
<br />in each year until And at the respective dates of maturity of said bonds (the first coupon
<br />on each bond representing interest from July 15 1953, to January :1921),
<br />Said bonds shall mature and be payable in consecutive numerical order, from lower to
<br />higher, as follows, to -wit:
<br />43,000 principal amount of such bonds shall mature and be payable on the 15th day of July
<br />in each of the years from 1954 to 1958, both inclusive.
<br />4,000 principal amount of such bonds shall mature and be payable on the 15th day of July
<br />in each of the years from 1959 to 1966, both inclusive.
<br />a5,000 principal amount of such bonds shall mature and be payable on the 15th day of July
<br />in each of the years from 1967 to 1971, both inclusive.
<br />$6,000 principal amount of such bonds shall mature and be payable to the 15th day of July
<br />in each of the years from,1972 to 1977, both inclusive.
<br />$7,000 principal amount of such bonds shall mature and be payable on the 15th day of July,
<br />1978.
<br />Both the principal of and interest on said bonds shall be payable at the office of the
<br />Treasurer of the Town of Pleasanton, in the Town of Pleasanton, County of Alameda, State
<br />of California, in lawful money of the United States of America.
<br />Section 4. Said bonds and coupons shall each be substantially in the following form, the
<br />blanks in said forms to be filled with appropriate words or figures, namely;
<br />UNITED STATES OF AMERICA
<br />STATE OF CALIFORNIA
<br />IA
<br />ALAMEDA COUNTY
<br />TOWN OF PLEASANTON 1953 BIPROVEMENT BOND
<br />21:
<br />N0.
<br />$1,000.00
<br />The TOWN OF PLEASANTON, a municipal corporation organized and existing under the Consti-
<br />tution and laws of the State of California, hereby acknowledges itself indebted and for
<br />value received, promises to pay to the bearer (or if this bond is registered, to the
<br />registered holder hereof) on the day of 19 ONE THOUSAND (.,1,000)
<br />DOLLARa, together with interest thereon at the rate of per cent, per annum
<br />until payment of said principal sum in full, payable semi annually, on the 15th day of
<br />January and the 15th day of July of each year. Unless this bond is
<br />registered such interest, prior to maturity, shall be payable only on presentation and
<br />surrender of the proper interest coupons hereto attached as they respectively become due.
<br />Both the principal of and interest on this bond are payable in lawful money of the United
<br />Statesof America at the office of the Treasurer of the Town of Pleasanton, in the Town
<br />of Pleasanton, California.
<br />This bond is one of a duly authorized issue of bonds of the Town of Pleasanton aggregating
<br />One,Hundred and Fifteen Thousand (115,000) Dollars in principal amount, all of like
<br />tenor and date.(except for such variations, if any, as may be required to designate Vary-
<br />ing numbers, maturities or interest rates) and is issued under and pursuant to the Consti-
<br />tution and statutes of the State of Californi, and under and pursuant to the ordinances
<br />and proceedings of the Town of Pleasanton duly adopted and taken and a vote and assent of
<br />more than two- thirds of all the qualified electors of said Town Voting at a special
<br />election duly called and held for that purpose.
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