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Home My Public Portal About1268 (10-15-40) R.ESOLUTIOIQ TdO. 1268 IN THE iaiATTER OF THE PF.G?OSED I��iPRO�TEi�?EITT Or' LOUISS STREET, FIRST AVE�NE, LIi�dDEN STRE�T, ELi!�i STREET, FERD1'"'OOD AVENiJE, PIIQE ,, STREFT, LOCU5T STREET, SAA?BOR?d� AVEIdUE, SHIR?�EY PVEDI'JE AND• C��RTAIPv ALLEYS, IArCLUD- IIdG ALi T_NIERSECTT_Ol`?S CF STREETS AATD ALLEYS, BY CONS^1RUCTING PUBLIC�SE[?ERS. � RESOLUTIOD? _AGHr�ESiQG TO PURCHASE BONDS. � be it resolved by the City Council of the City of Lynvrood, California, as folloi�as: � - ?,�3EREAS, the City Council of the CitSr of Lyma�ood has. hereto� fore, by Resolution No. 1207 , ordered the iRrork, or improvement, hereinafter nentioned znd directed the City Clerk to advertise ' ior bids for furnishing and delivering of certain materials and'supplies to be used in connection rovith the Improvement of portions of Louise Street, First Avenue, Linden Street, Elm Street, rern�vood Avenue, Pine Street, Locust Street, Sa.nborn # �venue, SPirley Avenue znd certain alleys, including all inter- sections of streets and,alleys, b;j oonstructing public sewers � and a.11 appurtenant. rJOrk, including t"r_e re�urf�.cin� of trencres tvith premix roc�c and oil pavement; and tTriEREAS, tne City Council c�esires to agree Lo purcnase some of the bonds �o be issued in said proceedings in order tnzt bids or proposa.l,q made to do said tiFrorii, or improvement,, sha.11 be sufiiciently lou� to permit t'r_e said Gity to do said �a�or�, or imarovement; as contemplated in Resolution of inten- tion ivo. 12&O of this City Council; b104'i, TfiEF.�rORE, Br, ST RESOLVED b;� the City Council of �he Cit;� of Lynwood,' California, as follovas: Section 1.' Tha_t tne.City oi Lynwood shall purchase from the contractor to tiv'nom tne contract ,: or the doing of sa.id rrork, _l_ . ,. . . . . . . . . .. . .. .: � � . . . . , ' - ::' . . . . , :. � . ... .:. � � , J � � . .. . _ . . . . , ' - , ,�' . •' . ' . , or improvement, �s avoardec3_, bond� to oe issued in said proceed- • = ings �� the:par value of not to exceed ��,500.00. - Section 2: Tnat tY'ie purciia.se arice of sa.id `bond�s sr?a11 be.an amount.equiv�:lent to the par or iace value thereof.. . Section 3. Tna.t tne contractor sh�ll sel'ect the bonds to 'pe sold to- said Ci�t;� under the ternis hereof, but in no case sha.11 the. Cit;� be oblite.ted• to purchase � bonds ex_ceec?ing �. � total pA.r value. oz '�'4, 500.00. - ' Section 4. Said.`oonds s2a11 'ae purchased by'the said.City ' � � irrimediately follox�ing t�e ,es.biration o? tne 30 da.y period in � ,. -, sa_id .proceedings during �cviiich property oti��ners are permitted to ,, ,.- pay the assessments levied on�tneir property. _ � A?PRGV"ED A�dll.ADOPTED.,tnis.l5tn da.y of October, 1�940. . �.. * � � .+ . . . . ... . " � _ ' � . . . , �y�v' 4 'PY ' F.<. „ . , . . : �� / .' . . ' y„ �t , � l � • . ' . . / , � � � w y�.+�'.. g ,..�(� . . � , . � ' . . �v / . . . °�, � �, ++d� , . �' -"� ;, ` .� '� ° ' ;. T!�IpyOR UF `!'HF. C � T'_ OF LY�t�4r00D �.,� \ . ' • _ , s s: ` � . . � ,� ��; ,., .. �' y . . . > pmmE5T,,'r r � ' �j y �, . ?, � F . . yF t� n aj � � ( : ` e " t - . . . � ' . . , ' . . . . . . . , . . .- .. . 1 ` . . . � , . � . . . . .� y .. �.�.: .. r .^-_ L ` . `. . . . �i�� .�� .. .. . . .. ... .. .<,d . � ., e.: ... . . . . . : . . . . . , .. . � C�i.J�1V j 1�11 Y IiLL' 21� ' •. . � � �� .�. .. . ' . . � ' ..^ . � � _ . . . . � � . . ' . . . _�� ' � .. . . . � .. . . ... .. . . . } . _ ,. . . , . .. ' �. . .�. ._�y �.:� � �.' '�. . . . ..'� �. .. . ' ' . ��. " . ` . . . . � �.. . . n .. .�. . . . . r . . .. . . � . . . . . . . . '. .. � �' t � . ' . . � � . .. � �. . STATE OF Ci►i,IFORNIk . ) � . - COJNTY.OF LOS� ANGELE&:" ss. , � " . ' : � . CITY OF _ LYDIWOOD . . . ) � . • , . - " '. �` `'` ,, T, '�the undersi�ried City� Glerk of the City of � .., Lynvrood,;, do,hereby'certify. that the above and�foregoing ,' . �. � Resolution was duly adopted by the Clty -Council of.said . . Cltti� at t�- xxxxxxxxxxxxxxxregular.meeting thereoP•held in , ; °�' • t?ie City�Hell of said' Ci°ty, on� the 15th day of ...• . �. October. ,;,1940 ., And, passed by. -Lhe following vote:- ' ` AYES: COUNCZLf�IEN: Christerisen, .Zifn , . , v4 .. . and b.7ever. , '�� r : '-NOEB: 'COUNCILaviANt. . ^' t' ' - � . � .,. _� ;.. .;, . • 3 + , , • M� " ABSEN2, �QOUNCILI�i�EN: Lake a,nd I,?cNIeekin. _� . � ` ,�� „�� , � _ � . � _ , �, n . .. '* J .. �q'TM � ` ). . L � . � �� r ., ' . . �' . 1 :`J' A . ~ � � ' i � ` . . . . ' . . `. � . . .Y'^ . � - . ! . . . . . . E , 1'00 ' +�: . , , . ", . , . , ,. � . , •. ' ' . , , .. ..:., '-;;: . , . ` . .. . ,. , � . , . . '' . , ,. . . „. . , . . . . .., . . • . . . . . . . . . � ' .. ' ' 1 ' ' . . . . . . .'' . ' . . . . . � . . . ' . . � , ' .