The URL can be used to link to this page

Home My Public Portal About1352 (09-11-41) . , ,. , . . . . . . . . . . . .. � ' ... .. . . - . .. - . . � . .. . .. � , � . , , . � � .. . . . . . � . �, � RESOLLTTION N0. 1352 ' � RESOLIITION OF THE CITY COIINC?L OF THE CITY OF "' 'LYNWOOD, CALIF'ORNIA, PROVIDING FOR TIiE ESTAB- '� LISHMENT�OF A TRUST FIIND TO BE.USED IN TH� RE- . FU.�TDIN,G OF C�.RTAIN ACQUISITION AND IMPROVEP�PIT DTSTI?ICT BONDS OF THE, CITY OF LXNVt�011. WHEREAS, the City Council of the.City oP Lynwood has here- tcPore determined that ,the public interest,convenience and necessity , require a refunding of all outstandSng bonds arid interest coupons oP : Acquisition and Improvement Districts Vos. 18,'20, 22, 23 and 28 and MunicipaT District No. l�of the Qity of.Lynvuoad, in ' , one proceedir_g, under an act o£ the Legisl.ature of the Stata o£ Cali.- ' fornia. �ocm as the "Assessment Bond Refundir� Act of 1933," as amend- ed, and has requested the'consent o£ the Board of Supervisors of,the Courity of Los An�eles,and tre.'City Council of.`t�e..City'of°Southgate, ` Californis td such refur_ding and has further requested�an allocation . � of.County,funds to assist in soid refunding; and '. : VVFIEREAS, in the of the City of the City of , Lyn�vood it is necessar�* and proper that Lhe City est,ablish a trust � fund to furt7er assist 3n such ref;uidin�; - NOW, THERc:FORE, it is hereby resolved by the City Council• of.the Cit� of Lynwood,,California as foTlows: '8ection 1s That.the Cit� Treasurer of the'City,of iynwood be and'is her.eb� sutYiorized and instructed to establish and sot up a �� trust-fund to be t�own as ° Refund3ng Trust•b'und B".for the refunding of the indebtedness-of said speci�.l assessaient districts, into which fund he shall place sll monies,now in his hands to the oredit of the interest and Sinking Funds of said districts, and all monies that may , _ hereafter come into inis hands by reason of the pa5=snent of assessments herat�fore levied and/or rede�ptions on account of said Aequisition ,�. ar.d Improvement Districts iJos, 17, 18, 20, 22, 23 and 28 and Idunicipal Improvement Aistrict No. 1 of the Cits of Lynwood. ' � _ , Section 2: That the monies in said fund herein authorized be uaed to assi.st in refunding the indebtedness against the properties in the said districts. - PASSnD AND ADOPTED this llth day of 9eptenber � 1941. «.�*; ,_ . �• � ,,, ° t �' �- s �, *�' . �,. NL9I'OR, CITY OF LYAIV�IOOD, CALIrORPIIA � � . � r '. � , , . . f � . . .. . i . s . ATTESTt � 1 `' ; f, - � GITY CLERit, CI3'Y OF LYNVJOOD _�_ ; . � , . .. '. , . , . . � . ., . � ... , ,. - ;. , � , , .. . . :. . . . . . �. - � STF�TE ;OF Cr.LI�'ORNTA ) - . ' • COUN�TY OF .LOS t�N�`s�LES: sa..= ' : . � '. GITY OF LYTI9JOOD � ) . , - , ;, .. , . I, �the.undersigned City Olerk of the City of ' Lynv:o.od,� do.hereby certify tha.t� the .abou..e :and foregoi,ng `•'�"' " � '� Resolution-vdas du].y.adop.ted by the City Council of said ,.. ... . ., . � � : ' City at ��i n .ad,tourned, regular meeting.thereof.held in ; ' � • ., - . � . the' City Hall'of �ea1d City, bn the llth ,day of Septem-: ., 4 �' �, ' , 194 1.; �nd passad by tne following vote: , ; AYES: GOUNGILT�IEN: Chris Lake, P�Ict�Reek � i � - . • - ,.;- ' ,: , . -: • _. . - - , . : . . .� . . . ., . ,. _ .. .., and � Me.yer ' . �` , , .. . . „ „ ,.. •:, . �a�Y�'� NO�S'; COUNCIL��iAN: None. „ ' ��.� �` � `�� ABSEN COUNCILt:EN Z� ' � � , �„ _ mmerman . . � � 9 . . � . . � "y� , - g� �� Y .. 'O ' }. . • • ' . , " � � . . ' Y ,�- .P` V . . � ,�' ' . ' . . � ,.. � � � . . _ 1�.�"v .'.A: ' `t ; r y y - . . . : . ,. ' ,''��^ " .. . , � '� _ � '. . � - ' <i� - . - Y r v^� e ,.`i- . ..0 � . ,� � �' -" CI�. ,Y LE �,� �, CZ�F L�Y< 1:'OOD � . ;i: � �. . ° • ;�,� .- . . ,... � Ir ... ,. , . .. . . . . � . .. . �. . - � ' � .. ., ,�,. . , . ., i . � . .. ,. . --: _ ' •b . . . . . .. . � � . h "' _ . ' . . . ' . - . . . . . .. . . . . . . - 'S! ._� � ..�r . ' � . �1 . . � ..., . . . . � . . ♦ . '� . e . � : . �. . -� . . . .., . .. � �� .'... .�.' � ... ` . .. . ..� ' �.. � . • • .• _.. ~ . . . ' ♦ • ` " � �f ... •• . �. . .. •.. � . . , . . • n � . . . :' . . .� ' . .� � �. . . � . . . . .. � �. o ) 1 VF , _' .. ' ,. , , . ' . � . , � ^; �� . . � �;' S ' ...i . .. , ' K , - . . . . . . . . . .}'' �. . .. ' ..:�.. .. . . . , . . . _ . . .. , . • . . x . ' . .- . � � ' . . , , , . � , �.� " - . � .. . � ' ��\.. • . � � ' � � . ..�� . � .. . . �. . , . . .., � ' . . .. . � .. .. . . . � '� . .. ' .. . . . . . . , . . � ... � . . . . . �„ , . ... ...� . . . .. .� . - a. .�., . � . . . � , . � - . . � ' � - ' ' . • ' . . . . . . . . � . .. ,. . . .. '.� . . . . ' . . � .. �: . ' - : - . . � � � . ,. � �.