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<br />(Form of Coupon)
<br />Coupon No.
<br />On the 15th day of ,19
<br />the,Town of Pleasanton will (unless the
<br />within mentioned bond be registered) pay
<br />to bearer at the office of the Treasurer
<br />of said city, in Pleasanton, California,
<br />Dollars $
<br />in lawful money of the United State of
<br />America, being six months' interest
<br />then due on its 1948 Sewer Bond.... No.
<br />dated June 15, 1948..
<br />115
<br />Treasurer of the Town of Pleasanton
<br />Section 5. The Mayor of said Town of Pleasanton and the
<br />Treasurer of said city are hereby authorized and directed, res-
<br />pectively, as such officers, to execute each of said bonds on behalf
<br />of said oity, and the City Clerk, or one or more of his deputies, is
<br />hereby authorized and directed to countersign each of said bonds and
<br />to affix the official seal of said city thereto. Said Mayor and
<br />Treasurer are hereby eactt, respectively, authorized to cause said
<br />bonds to be signed by their printed, lithographed or engraved fac-
<br />simile signatures. Said Treasurer is hereby authorized and directed
<br />to sign each of the interest coupons by printed, lithographed or en-
<br />graved facsimile signature. Such signing, countersigning and sealing
<br />as herein provided shall be a sufficient and binding execution of
<br />said bonds and coupons by said city, and all suoh signatures and
<br />countersignatures, excepting that of the City Clerk or his deputies,
<br />may be printed, lithographed or engraved.' In case any of such .of4
<br />ficers whose signatures or countersignatures appear on the bonds or
<br />coupons shall cease 0 be such officer before the delivery of such
<br />bonds to the purchaser., such signature or countersignature shall
<br />nevertheless be valid= and suf /icient for all purposes the same as
<br />though they had remai'hed in ofifice until the delivery of the bonds.
<br />Section 6. For the purpose of paying the principal of and
<br />interest on said bonds, the City Council of the Town of Pleasanton
<br />shall, at the time of fixing the general tax levy and in the manner
<br />for such general tax levy provided, levy and collect annually each
<br />year until said bonds are paid, or until there shall be a sum- in the
<br />treasury of said city set apart for that purpose t6 meet all sums
<br />coming due for principal ana interest on each bond,, a tax sufficient
<br />to pay the annual inte *es t on such bonds as the same become due, and
<br />also such part of the principal thereof as shall become due before
<br />the proceeds of a tax levied at the time for making the next general
<br />tax levy can be made available for the payment of such principal.
<br />Said tax shall be in addition to all other taxes levied for municipal
<br />purposes, and shall be collected at the same time and in the same
<br />manner as other municipal taxes are collected, and be used for no
<br />otthdr purpose than the payment of said bonds and accruing interest.
<br />Said taxes as collected shall be forthwith paid into the fund for
<br />which the same were levied and collected and which shall be desig-
<br />nated "Town of Pleasanton 1948 Sewer Bond Fund," and all sums to be-
<br />come due for the principal . of and interest on said bonds shall be
<br />paid from such fund. There shall likewise be deposited in said fund
<br />any moneys received on account, of interest accrued on said bonds,ffdm
<br />their date to the date of delivery and actual payment of the pur-
<br />chase price thereof.
<br />Section 7. There is hereby created and established a fund to
<br />be known' as "1948 Sewer Improvement Construction Fund," which shall
<br />be kppt by the Treasurer of said Town of Pleasanton, and all proceeds
<br />of sale of any of said bonds (except accrued interest received on
<br />such sale) shall be placed by the Treasurer to the credit of said
<br />fund and shall be kept separate and distinct from all other muni-
<br />cipal funds, and shall be applied exclusively to the acquisition,
<br />construction and completion of the aforesaid municipal gmprovement.
<br />• Section 8. TheCity ,Clerk is directed to cause a sufficient
<br />• 'number of blank bonds and coupons of suitable quality to be litho-
<br />graphed, printed or engraved, and to cause the blank spaces thereof
<br />to be filled in to comply with the provisions hereof, and to procure
<br />their execution by the proper officers, and to deliver them, when
<br />so executed, to the Treasurer of said'oity who shall safely keep
<br />the same until they shall be sold by the said City Counoil, where-
<br />upon he shall deliver them to the purchaser or purchasers thereof,
<br />
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