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• <br /> 2. That for a particular description of the lots or parcels of <br /> land bearing the respective assessment numbers set forth in said unpaid <br /> list and upon which assessments remain unpaid, severally and respec- <br /> tively, reference is hereby made to the assessment and to the diagram <br /> recorded in the office of the Superintendent of Streets of said Town <br /> after confirmation by said Council, the several lots or parcels of land <br /> represented by said assessment numbers being so numbered and designated <br /> upon said diagram and assessment as so confirmed and recorded, sev- <br /> erally and respectively. <br /> 3. The unpaid list is in the amount of $191,544.00 and bonds <br /> shall be issued upon the security of said unpaid assessments in said <br /> amount in accordance with the provisions of the 'Improvement . Bond Act <br /> of 1915 (Division 10 of theStreets and Highways Code) and under and <br /> pursuant to the provisions of said Resolution of Intention and the <br /> proceedings thereunder duly had and taken; that said bonds shall be <br /> one hundred ninety-two (192) in number, shall be dated January 22, <br /> 1970, and bear interest from their date at the rate of not to exceed <br /> seven percent (7%) per annum, and the denomination of said bonds with <br /> their respective numbers and dates of maturity are as shown on Exhibit <br /> "B" hereto attached and made a part hereof by reference. <br /> 4. Said bonds shall be issued in series, and the unpaid assessments <br /> as shown on said list filed with the Treasurer of said Town and de- <br /> termined by said Council, together with the interest thereon, shall <br /> remain and constitute a trust fund for the redemption and payment of <br /> said bonds and of the interest which may be due thereon, which unpaid <br /> assessments shall be taxable in annual series corresponding in number <br /> to the number of series of bonds issued, and an annual proportion of <br /> each assessment shall be payable in each year preceding the date of <br /> the maturity for each of the several bonds issued, and such proportion <br /> of each assessment coming due in any year, together with the annual <br /> interest thereon, shall in turn be payable in installments as the <br /> 2 <br />