anaheim-gazette 1927-03-10

What It Costs to Govern California Expenses of State in 1926 Over Sixty-one Millions The payments for maintenance and operation of the general departments of California for the fiscal year ending June 30, 1926, amounted to $61,529,767, or $14.48 per capita. This includes $22,320,202, apportionments for education to the minor civil divisions of the state. In 1925 the comparative per capita for maintenance and operation of general departments was $14.86, and in 1918, $7.18. The expense of public service enterprises amounted to $1,688.535; interest on debt, $4,533.372; and outlays for permanent improvements, $16,114.205. The total payments, therefore, for expenses of general departments and public service enterprises, interest and outlays were $83,865.879. The totals include all payments for the year, whether made from current revenues or from the proceeds of bond issues. Of the governmental costs reported above, $16,163,872 was for highways, $6,373,785 being for maintenance and $9,790,057 for construction. The total revenue receipts of California for 1926 were $91,948,242, or $21.65 per capita. This was $24,196,568 more than the total payments of the year, exclusive of the payments for permanent improvements, and $8,082,363 more than the total payments including those for permanent improvements. This excess of revenue receipts is reflected in purchase of investments and increased cash balances, not shown in this summary. Property and special taxes represented 18.5 per cent of the total revenue for 1926, 19.6 per cent for 1925, and 23.7 per cent for 1918. The increase in the amount of property and special taxes collected was 123.1 per cent from 1918 to 1925, and 7.8 per cent from 1925 to 1926. The per capita property and special taxes were $4 in 1926, $3.97 in 1925, and $2.20 in 1918. The amount reported as receipts from the general property tax was $3950, representing delinquencies and sale of tax deeded lands. Earnings of general departments, or production costs will be discussed The economies of citrus production in Orange county will be the feature subject of a special meeting to be held at the Olive school house, Friday evening, March 11, at 7:30 o'clock. The conference will be held in conjunction with the Olive-Villa Park farm center, according to K. V. Wolff, of Olive, president of the farm center. The summary of production and orchard cost records will be presented by H. E. Wahlberg, farm manager specialist of the University of California. Records of 32 typical citrus groves in Orange county have been analyzed to determine the cost of various orchard operations per acre and per box. The co-operators who have supplied cost data during 1926 will receive an analysis of their year's business at this meeting. All growers are invited. Humans Immune To Poultry Disease The danger of transmitting avian tuberculosis to human life is extremely remote in California, according to S. S. Knight, a prominent poultryman of Petaluma, who was on a recent visit to Orange county. Mr. Knight has been appointed on the United States livestock committee of the department of agriculture, and the purpose of his visit here was in connection with his work of checking up on poultry sanitation and the prevalence of tuberculosis. He stated that he had been unable to find any infection in California, and pointed out that cooking would destroy the germ had any been found, so the danger was negligible in any event. Furthermore, it has never been proven that avian tuberculosis is transmissible to humans. Mr. Knight recently made a survey of the poultry conditions in the Middle West, where he found poultry diseases prevalent and the housing conditions far from ideal. He stated there was grave danger to the poultry industry from the importation of diseases from these sections. To prevent this importation, Mr. Knight is a strong advocate of the "buy-at-home" campaign when for which said Deed's curity has occurred he made under the terms Deed o' Trust in the due upon said note 1926, was not paid without being paid installment having that none o' the insured said note subsequent 1926, was paid in and that there was no interest thereon from unpaid on said note. WHEREAS the Deed o' Trust in the due upon said note 1926, was not paid without being paid installment having that none o' the insured said note subsequent 1926, was paid in and that there was no interest thereon from unpaid on said note. WHEREAS said Savings, L.A Association of Anahyst 8th, 1926 exercised tha in said note and added on said day that the principal unpaid on date; to-wit $770.00 said sum from Man then immediately dale withdrawal value on shares of said Assoc collateral security fo said note was $762.00 Board of Directors did thereupon apply to the payment of said Note. WHEREAS said Building Association declared the whole cipal sum of said theremon as aforesaid secured by said Deed due and payable, a that said Trustee she has granted by said accomplish the object therein expressed; a WHEREAS said Building Association on December 7th, 1926 office of the County County, California above mentioned bar and notice of its elec property described. Trust to be sold by said Title Company, in accordance with provisions of said satisfy the obligation Deed o' Trust which and of election to corded in Book 30, p lanceous Records of said and WHEREAS more increased cash balances, not shown in this summary. Property and special taxes represented 18.5 per cent of the total revenue for 1926, 19.6 per cent for 1925, and 23.7 per cent for 1918. The increase in the amount of property and special taxes collected was 123.1 per cent from 1918 to 1925, and 7.8 per cent from 1925 to 1926. The per capita property and special taxes were $4 in 1926, $3.97 in 1925, and $2.20 in 1918. The amount reported as receipts from the general property tax was $3950, representing delinquencies and sale of tax deeded lands. Earnings of general departments, or compensation for services rendered by state officials, represented 7.1 per cent of the total revenue for 1926, 7.5 per cent for 1925, and 10.8 per cent for 1918. Business and non-business licenses constituted 58.3 per cent of the total revenue for 1926, 58.4 per cent for 1925, and 49.0 per cent for 1918. Receipts from business licenses consist chiefly of taxes exacted from insurance and other incorporated companies and from sales tax on gasoline, while those from non-business licenses comprise chiefly taxes on motor vehicles and amounts paid for hunting and fishing privileges. The net indebtedness (funded or fixed debt less sinking fund assets) of California on June 30, 1926, was $100.-389,995, or $23.63 per capita. In 1925 the per capita debt was $25.22, and in 1918, $12.19. In California no general property tax is levied for state purposes, unless other sources of revenue prove insufficient. There was no such levy for 1926. Walnut Production Costs High in 1926 By HAROLD E. WAHLBERG Farm Advisor What does it cost to raise walnuts? This is a common question among growers and others connected with the industry. A progress report was submitted by L. W. Fluharty, farm management demonstrator, University of California, to the 400 growers assembled at the ninth annual Walnut Growers' Institute, held at Tustin high school last Saturday. The agricultural extension service in Santa Barbara county has conducted an efficiency study of walnut production costs for 1926. This study embraces records kept by 28 walnut growers in Santa Barbara county. The total acreage involved 410 acres, making an average of 14.6 acres for each grove. The yield per acre in this group last year was 505 pounds, a figure considerably lower than the average year. The land investment was placed at the conservative figure of $1083 per acre, and the tree value based on $750 per acre when 15 years old. According to Professor Fluharty's summary of the records of these 28 typical walnut groves, the average investment per acre amounted to $1711.14, segregated as follows: trees, $459.34; improvements, $84.90; equipment, $83.65; and land, $1083.26. The interest on these items at 6 per cent amounts to increased cash balances, not shown in this summary. Property and special taxes represented 18.5 per cent of the total revenue for 1926, 19.6 per cent for 1925, and 23.7 per cent for 1918. The increase in the amount of property and special taxes collected was 123.1 per cent from 1918 to 1925, and 7.8 per cent from 1925 to 1926. The per capita property and special taxes were $4 in 1926, $3.97 in 1925, and $2.20 in 1918. The amount reported as receipts from the general property tax was $3950, representing delinquencies and sale of tax deeded lands. Earnings of general departments, or compensation for services rendered by state officials, represented 7.1 per cent of the total revenue for 1926, 7.5 per cent for 1925, and 10.8 per cent for 1918. Business and non-business licenses constituted 58.3 per cent of the total revenue for 1926, 58.4 per cent for 1925, and 49.0 per cent for 1918. Receipts from business licenses consist chiefly of taxes exacted from insurance and other incorporated companies and from sales tax on gasoline, while those from non-business licenses comprise chiefly taxes on motor vehicles and amounts paid for hunting and fishing privileges. The net indebtedness (funded or fixed debt less sinking fund assets) of California on June 30, 1926, was $100.-389,995, or $23.63 per capita. In 1925 the per capita debt was $25.22, and in 1918, $12.19. In California no general property tax is levied for state purposes, unless other sources of revenue prove insufficient. There was no such levy for 1926. Walnut Production Costs High in 1926 By HAROLD E. WAHLBERG Farm Advisor What does it cost to raise walnuts? This is a common question among growers and others connected with the industry. A progress report was submitted by L. W. Fluharty, farm management demonstrator, University of California, to the 400 growers assembled at the ninth annual Walnut Growers' Institute, held at Tustin high school last Saturday. The agricultural extension service in Santa Barbara county has conducted an efficiency study of walnut production costs for 1926. This study embraces records kept by 28 walnut growers in Santa Barbara county. The total acreage involved 410 acres, making an average of 14.6 acres for each grove. The yield per acre in this group last year was 505 pounds, a figure considerably lower than the average year. The land investment was placed at the conservative figure of $1083 per acre, and the tree value based on $750 per acre when 15 years old. According to Professor Fluharty's summary of the records of these 28 typical walnut groves, the average investment per acre amounted to $1711.14, segregated as follows: trees, $459.34; improvements, $84.90; equipment, $83.65; and land, $1083.26. The interest on these items at 6 per cent amounts to increased cash balances, not shown in this summary. Property and special taxes represented 18.5 per cent of the total revenue for 1926, 19.6 per cent for 1925, and 23.7 per cent for 1918. The increase in the amount of property and special taxes collected was 123.1 per cent from 1918 to 1925, and 7.8 per cent from 1925 to 1926. The per capita property and special taxes were $4 in 1926, $3.97 in 1925, and $2.20 in 1918. The amount reported as receipts from the general property tax was $3950, representing delinquencies and sale of tax deeded lands. Earnings of general departments, or compensation for services rendered by state officials, represented 7.1 per cent of the total revenue for 1926, 7.5 per cent for 1925, and 10.8 per cent for 1918. Business and non-business licenses constituted 58.3 per cent of the total revenue for 1926, 58.4 per cent for 1925, and 49.0 per cent for 1918. Receipts from business licenses consist chiefly of taxes exacted from insurance and other incorporated companies and from sales tax on gasoline, while those from non-business licenses comprise chiefly taxes on motor vehicles and amounts paid for hunting and fishing privileges. The net indebtedness (funded or fixed debt less sinking fund assets) of California on June 30, 1926, was $100.-389,995, or $23.63 per capita. In 1925 the per capita debt was $25.22, and in 1918, $12.19. In California no general property tax is levied for state purposes, unless other sources of revenue prove insufficient. There was no such levy for 1926. Walnut Production Costs High in 1926 By HAROLD E. WAHLBERG Farm Advisor What does it cost to raise walnuts? This is a common question among growers and others connected with the industry. A progress report was submitted by L. W. Fluharty, farm management demonstrator, University of California, to the 400 growers assembled at the ninth annual Walnut Growers' Institute, held at Tustin high school last Saturday. The agricultural extension service in Santa Barbara county has conducted an efficiency study of walnut production costs for 1926. This study embraces records kept by 28 walnut growers in Santa Barbara county. The total acreage involved 410 acres, making an average of 14.6 acres for each grove. The yield per acre in this group last year was 505 pounds, a figure considerably lower than the average year. The land investment was placed at the conservative figure of $1083 per acre, and the tree value based on $750 per acre when 15 years old. According to Professor Fluharty's summary of the records of these 28 typical walnut groves, the average investment per acre amounted to $1711.14, segregated as follows: trees, $459.34; improvements, $84.90; equipment, $83.65; and land, $1083.26. The interest on these items at 6 per cent amounts to increased cash balances, not shown in this summary. Property and special taxes represented 18.5 per cent of the total revenue for 1926, 19.6 per cent for 1925, and ing an average of 14.6 acres for each grove. The yield per acre in this group last year was 505 pounds, a figure considerably lower than the average year. The land investment was placed at the conservative figure of $1083 per acre, and the tree value based on $750 per acre when 15 years old. According to Professor Fluharty's summary of the records of these 28 typical walnut groves, the average investment per acre amounted to $1711.14, segregated as follows: trees, $459.34; improvements, $84.90; equipment, $83.65, and land, $1083.26. The interest on these items at 6 per cent amounts to $101.15. The depreciation $32.75 per acre. The average depreciable investment per farm in the study was valued at $8185.27; divided into trees, $6719.50; improvements, $1242.06; and equipment, $1223.71. The average depreciations on the above items for the farms surveyed were 4.71 per cent for trees, 5.05 per cent for improvements, and 11.75 per cent for equipment. The total income for 23 farms out of the 28 for 1926 was $34,048.76, or a per acre income of $95.74. The average selling price for the nuts, including all grades and culls was 18.1c per pound. The actual cash and labor expenses which the grower had to meet during the year averaged $63.76 per acre, or 12.67c per pound for the small crop that was harvested. This was divided as follows: tree work (pruning, bracing, disease work), $4.59 per acre; cultivation (plowing, subsolling, cultivatiop), $11.97 per acre; irrigation (furrowing, water, shoveling), $12.99 per acre; harvesting, $12.88 per acre; material, $14.64 per acre; miscellaneous, $4.34 per acre, and general expense, $2.25 per acre. The total cost per pound was unusually high for the period covered because of the low production of 505 pounds per acre due to unfavorable climatic conditions in the early spring and winter of 1926. The total labor, cash, depreciation and interest (not including land) charge per acre amounted to $132.67, or 26.36c per pound. Adding interest charge on land of $55 per acre, and a very conservative supervisional charge of $9.88 per acre, brings the grand total cost to $207.55 per acre, or 41.23c per pound. NOTICE OF SALE OF REAL PROPERTY BY TRUSTEE UNDER DEED OF TRUST WHEREAS, by a certain Deed of Trust, dated April 9th, 1924, recorded May 3rd, 1924; in Book 518, page 281 of Deeds, records of Orange County, California, to which record reference is hereby made for all of the provisions thereof, V. J. Bonnat and Eva Bonnat, his wife, did grant and convey the real property therein described, being the real property hereinafter described, to the Orange County Title Company, a Corporation of Santa Ana, California, as Trustee, to secure among other obligations the payment of one certain promissory note dated April 9th, 1924, made by said V. J. Bonnat and Eva Bonnat to the Savings Loan and Building Association of Anaheim, a Corporation, or order, for the principal sum of $3400.00, with interest at the rate of 8% per annum, principal and interest due in monthly installments of $39.67 each on the 1st day of each month beginning on the 1st day of May, 1924, and continuing until fully paid; and WHEREAS a breach and default in the performance of certain obligations ANAHEIM GAZETTE for which said Deed of Trust is a security has occurred in that default was made under the terms of said note and Deed of Trust in that the installment due upon said note on February 1st, 1926, was not paid when due, and has not since been paid, no part of said installment having been paid, and in that none of the installments due on said note subsequent to said February 1st, 1926, was paid in whole or in part, and that there was on November 8th, 1926, the sum of $3570.00, together with interest thereon from March 1st, 1926, unpaid on said note; and WHEREAS the Board of Directors of said Savings, Loan and Building Association of Anaheim on November 8th, 1926, exercised the option contained in said note and adopted a resolution on said day that the whole sum of the principal unpaid on said note on said date, to-wit: $370.00, and interest on said sum from March 1st, 1926, was then immediately due, and that the withdrawal value on said date of the shares of said Association pledged as collateral security for the payment of said note was $762.62, and that said Board of Directors by said resolution did thereupon apply said sum of $762.62 to the payment of said note; and WHEREAS, said Savings, Loan and Building Association of Anaheim has declared the whole of the unpaid principal sum of said note, and interest thereon as aforesaid, and all other sums secured by said Deed of Trust, now due and payable, and has demanded that said Trustee shall sell the premises granted by said Deed of Trust to accomplish the objects of the trusts therein expressed; and WHEREAS, said Savings, Loan and Building Association of Anaheim did, on December 7th, 1926, record in the office of the County Recorder of Orange County, California, a notice of the above mentioned breach and default and notice of its election to cause the property described in said Deed of Trust to be sold by said Orange County Title Company, in accordance with the provisions of said Deed of Trust to satisfy the obligations secured by said Deed of Trust, which notice of default and of election to sell was duly recorded in Book 30, page 57 of Miscellaneous Records of said Orange County; and WHEREAS, more than three months after which said Deed of Trust is a security has occurred in that default was made under the terms of said note and Deed of Trust in that the installment due upon said note on February 1st, 1926, was not paid when due, and has not since been paid, no part of said installment having been paid, and/in that none of the installments due on said note subsequent to said February 1st, 1926, was paid in whole or in part, and that there was on November 8th, 1926, the sum of $3570.00, together with interest thereon from March 1st, 1926, unpaid on said note; and WHEREAS the Board of Directors of said Savings, Loan and Building Association of Anaheim on November 8th, 1926, exercised the option contained in said note and adopted a resolution on said day that the whole sum of the principal unpaid on said note on said date, to-wit: $370.00, and interest on said sum from March 1st, 1926, was then immediately due, and that the withdrawal value on said date of the shares of said Association pledged as collateral security for the payment of said note was $762.62, and that said Board of Directors by said resolution did thereupon apply said sum of $762.62 to the payment of said note; and WHEREAS, said Savings, Loan and Building Association of Anaheim did, on December 7th, 1926, record in the office of the County Recorder of Orange County, California, a notice of the above mentioned breach and default and notice of its election to cause the property described in said Deed of Trust to be sold by said Orange County Title Company, in accordance with the provisions of said Deed of Trust to satisfy the obligations secured by said Deed of Trust, which notice of default and of election to sell was duly recorded in Book 30, page 57 of Miscellaneous Records of所说 Orange County; and WHEREAS, more than three months after which said Deed of Trust is a security has occurred in that default was made under the terms of said note and Deed of Trust in that the installment due upon said note on February 1st, 1926, was not paid when due, and has not since been paid, no part of said installment having been paid,and/in that none of the installments due on said note subsequent to said February 1st，1926，was paid in whole or in part，and that there was on November 8th，1926，the sum of $3570.00，together with interest thereon from March 1st，1926，unpaid on said note;和 WHEREAS,the Board of Directors of said Savings，Loan and Building Association of Anaheim on November 8th，1926，exercised the option contained in said note and adopted a resolution on said day that the whole sum of the principal unpaid on said note on said date，to-wit:$370.00，and interest on说aid sum from March 1st，1926，was then immediately due，and that the withdrawal value on说aid date of the shares of说Association pledged as collateral security for the payment of说note was$762.62，and that说BoardofDirectorsby说resolutiondidthereuponapply说sumof$762.62to说paymentof说note;和 WHEREAS,said Savings，Loan和Building AssociationofAnaheimhasdeclaredthewholeoftheunpaidprincipalsumofsaidnote,andinterestthereonasforesaid,andallothersumscuredbysaidDeedofTrust,nowdueandpayable,andhasdemandedthatsaidTrusteeshallsellthepremisesgrantedbysaidDeedofTrusttoccomplishtheobjectsofthetruststhereinexpressed;and WHEREAS,said Savings，Loan和BuildingAssociationofAnaheimdid.onDecember7th，1926，recordintheofficeoftheCountyRecorderofOrangeCounty,California,aNoticeoftheabovementionedbreachanddefaultandnoticeofitselectiontocausetherepositorydescribedinsaidDeedofTrusttobe SoldbysaidOrangeCountyTitleCompany.inaccordancewiththeprovisionsofsaidDeedofTrusttosatisfytheobligationssecuredbysaidDeedofTrustwhichnoticeofdefaultandofelectiontosellwasdulyrecordedinBook30.page57OfMiscellaneousRecordsofsaidOrangeCounty;and WHEREAS,more than threemonthsafterwhichsaidDeedofTrustisasecurityhasoccurredinthatdefaultwouldmakeunderthetermsofsaidnoteandDeedofTrustinthattheinstallmentdue uponsaidnoteonFebruary1st，1926wasnotpaidwhendue,andhasnotsincebeenpaidnopartofsaidinstallmenthavingbeenpaid,and/inthatnoneoftheinstallmentsdueonsaidnotesubsequenttosaidFebruary1st，1926waspaidinwholeorinpart,andthattherewasonNovember8th，1926,thesumof$3570.00,togetherwithinterestthereonfromMarch1st，1926.unpaidonsaidnote;and WHEREAS,theBoardofDirectorsofsaidSavings，LoanandBuildingAssociationofAnaheimdid.onDecember7th，1926，exercisedtheoptioncontainedinsaidnoteandadoptedaresolutiononthesaiddaythatthewholesumoftheprincipalunpaidonsaidnoteonsaiddate,towit:$370.00,andinterestonthesaidsumfromMarch1st，1926.wasthenimmediatelydue,andthatthewithdrawalvalueonthesaiddateofthesharesofthesaveassociationpledgedascollateralsecurityforthepaymentofsaidnotewas$762.62,andthat说BoardofDirectorsby说resolutiondidthereuponapply说sumof$762.62to说paymentofsaidnote;和 WHEREAS,saidSavings，Loan和BuildingAssociationofAnaheimdid.onDecember7th，1926，recordintheofficeoftheCountyRecorderofOrangeCounty,California,aNoticeoftheabovementionedbreachanddefaultandnoticeofitselectiontocausetherepositorydescribedinsaidDeedofTrusttobe SoldbysaidOrangeCountyTitleCompany.inaccordancewiththeprovisionsofsaidDeedofTrusttosatisfytheobligationssecuredbysaidDeedofTrustwhichnoticeofdefaultandofelectiontosellwasdulyrecordedinBook30.page57OfMiscellaneousRecordsofsaidOrangeCounty;和 WHEREAS,more than threemonthsafterwhichsaidDeedofTrustisasecurityhasoccurredinthatdefaultwouldmakeunderthetermsofsaidnoteandDeedofTrustinthattheinstallmentdue uponsaidnoteonFebruary1st，1926wasnotpaidwhendue,andhasnotsincebeenpaidnopartofsaidinstallmenthavingbeenpaid,and/inthatnoneoftheinstallmentsdueonsaidnotesubsequenttosaidFebruary1st，1926waspaidinwholeorinpart,andthattherewasonNovember8th，1926,thesumof$3570.00,togetherwithinterestthereonfromMarch1st，1926.wasthenimmediatelydue,andthatthewithdrawalvalueonthesaiddateofthesharesofthesaveassociationpledgedascollateralsecurityforthepaymentofsaidnotewas$762.62,andthat说BoardofDirectorsby说resolutiondidthereuponapply说sumof$762.62to说paymentofsaidnote;和 WHEREAS,saidSavings，Loan和BuildingAssociationofAnaheimdid.onDecember7th，1926，exercisedtheoptioncontainedinsaidnoteandadoptedaresolutiononthesaiddaythatthewholesumoftheprincipalunpaidonsaidnoteonsaiddate,towit:$370.00,andinterestonthesaidsumfromMarch1st，1926.wasthenimmediatelydue,andthatthewithdrawalvalueonthesaiddateofthesharesofthesaveassociationpledgedascollateralsecurityforthepaymentofsaidnotewas$762.62,andthat说BoardofDirectorsby说resolutiondidthereuponapply说sumof$762.62to说paymentofsaidnote;和 WHEREAS,saidSavings，Loan和BuildingAssociationofAnaheimdid.onDecember7th，1926，exercisedtheoptioncontainedinsaidnoteandadoptedaresolutiononthesaiddaythatthewholesumoftheprincipalunpaidonsaidnoteonsaiddate,towit:$370.00,andinterestonthesaidsumfromMarch1st，1926.wasthenimmediatelydue,andthatthewithdrawalvalueonthesaiddateofthesharesofthesaveassociationpledgedascollateralsecurityforthepaymentofsaidnotewas$762.62,andthat说BoardofDirectorsby说resolutiondidthereuponapply说sumof$762.62to说paymentofsaidnote;和 WHEREAS,saidSavings，Loan和BuildingAssociationofAnaheimdid.onDecember7th，1926，exercisedtheoptioncontainedinsaidnoteandadoptedaresolutiononthesaiddaythatthewholesumoftheprincipalunpaidonsaidnoteonsaiddate,towit:$370.00,andinterestonthesaidsumfromMarch1st，1926.wasthenimmediatelydue,andthatthewithdrawalvalueonthesaiddateofthesharesofthesaveassociationpledgedascollateralsecurityforthepaymentofsaidnotewas$762.62,andthat说BoardofDirectorsby说resolutiondidthereuponapply说sumof$762.62to说paymentofsaidnote;和 WHEREAS,saidSavings，Loan和BuildingAssociationofAnaheimdid.onDecember7th，1926，exercisedtheoptioncontainedinsaidnoteandadoptedaresolutiononthesaiddaythatthewholesumoftheprincipalunpaidonsaidnoteonsaiddate,towit:$370.00,andinterestonthesaidsumfromMarch1st，1926.wasthenimmediatelydue,andthatthewithdrawalvalueonthesaiddateofthesharesofthesaveassociationpledgedascollateralsecurityforthepaymentofsaidnotewas$762.62,andthat说BoardofDirectorsby说resolutiondidthereuponapply说sumof$762.62to说paymentofsaidnote;和 WHEREAS,saidSavings，Loan和BuildingAssociationofAnaheimdid.onDecember7th，1926，exercisedtheoptioncontainedinsaidnoteandadoptedaresolutiononthesiaddaythatthewholesumoftheprincipalunpaidonsaidnoteonsaiddate,towit:$370.00,andinterestonthesaidsumfromMarch1st，1926.wasthenimmediatelydue,andthatthewithdrawalvalueonthesaiddateofthesharesofthesaveassociationpledgedascollateralsecurityforthepaymentOfSaidenoteWas$762.62AndThatWas$762.62AndThatWas$762.62AndThatWas$762.62AndThatWas$762.62AndThatWas$762.62AndThatWas$762.62AndThatWas$762.62AndThatWas$762.62AndThatWas$762.62AndThatWas$762. 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