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• SECTION II. <br />• That the Board of Trustees also determine and declare <br />that serial bonds bearing interest at the rate of seven per cent <br />(7%) per annum shall be issued to represent each assessment of <br />Twenty -five (25.00) Dollars, or more, remaining unpaid for tiventy <br />(20) days after the date of the warrant. Said serial bonds shall <br />extend over a period ending nine (9) years from the second day of <br />January next succeeding the fifteenth (15th) day of the next <br />1 ?ovember follor-ing their date. Payments on the principal of un- <br />paid assessments, and interest, shall be made by property ormers <br />to.the City Treasurer and the same shall be disbursed by him, all <br />as provided in the said Improvement Act of 1911: <br />SECTION III. <br />That the contemplated work and improvement hereinbefore <br />mentioned is, in the opinion of said Board of Trustees, of more than <br />local or ordinary public benefit, and the expense of said work and <br />improvement is made chargeable upon the district hereinafter de- <br />scribed and said Board of Trustees do: hereby declare said district <br />to be the district benefited by said work and improvement, and to <br />be assessed to pay the costs and expenses thereof, which district is <br />bounded and described as follows, to -wit: <br />Beginning at the most westerly corner of Lot 20, Block <br />45, of River Section, as per map thereof recorded in miscellaneous <br />Yaps, Book 4, page 25, Records of Orange County, California; thence <br />southeasterly in a direct line to the most southerly corner of Lot <br />19, Block 43, of the aforesaid River Section; thence southeasterly <br />4Fin a direct line to the most westerly corner of Lot 11, Block 42, of <br />the aforesaid. River Section; thence southeasterly in a direct line <br />to the most southerly corner of Lot 17, Block 40, of the aforesaid <br />River Section; thence southeasterly in a direct line to the most <br />westerly corner of Lot 12, Block 39, of the aforesaid River Section; <br />2 <br />