HomeMy Public PortalAbout1388 (12-16-41) . �
REBOLUTION N0. ;1358.
RESOLUTION DIRECTT_NG THE CITY TREASURER T0.
ESTABLISH A A��ULTIeLE REF'UNDINC SETTL�P.�IENT
PUND (IN.,Tri�. 1�SATTER OF THE REFUNDIIQG OF AC_ ,.
�UISITION AAID Ia�TPROVE<e1ENT DISTRICTS iQOS. 17,
18, 20, 22, 23 AND 28, AND I�NIQICIPAL IT,iPkOVE-.
:��IENT DISTRIGT IVO. l OF THE CITY OF LYDIj"?OOD).
V�IEREAS, the Resolution of Intention No. 1353 in.the �-
above entitled proceedin�s tivas adopted Sebtember l2, 1941.
V;HEREAS, a,fter the date of the adoption of said
tion of Intention all sums paid for any parcel of in to
the interest and sinlcing fund for the payment of principal
and interest of the bonde to be refunde� sh�ll.be credited
upon the reassessment levied_ in the refunfling proceeding
� upon such parcel and shall be applied as moneys paid upon such
� reassessment.
t
� NO�V, THEREFORE, The City Council of the City of Lynwood,
Ca�ifornia, aoes hereby resolve, determine and order ae f.ollows:
Section l: That tne Citv ^reasurer shall estaolish a.
"Piiultiple Refunding Settlement Fund° in to �^rhich he shall.,denosit
paid subsequent to Sebtember 1?, 1941,
all sums/fox any parcel of la.nd in to the interest and smking
� fund for the payi�ent of princi�al and interest of the bonds.of
Acauisition and Improvement Districts Nos. 17, 18, 20, ??, 23
and 28, and "e?unicipa.l Improvement Distriot No. 1 oi the City of
;Lynwood:
Section 2. All surns paid subsequent to Septenber 12, 1941
` for a.ny parcel of land in to the interest and sinking fund for
the payment of princi,�a.l and interest of the bonds to be refuncled
shall be creflited upon_the reassessment levied in the refunding
proeeeding unon such parcel and sha_11 be s.pplied as moneys paid
upon such reassessment. �
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APPROVED AND ADOPTED this 16th day of December, 1941.
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_'�� A•'IAYO� OF THE Cl2'Y F LYNYl00D
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STA.TE OF C.?� ) " � .
�Citi1�TY UF i.0:; ADiG�L�S ': s s; �
�JIiY 0:� L�11V�ilOCU ) _
� i, the u�der.si,,ned City Clerk of t�e Ci'ty of
Lym•t�oo3, do Y,.ereby certi.iy thut the a'oove and forer.;oing •
$esol�ticn was du1�- adopted by t.'r�x: Ci.t;T Co�znr�l'of said �
Cit,, at a - - - - - - - - r�:F;i�lar meeting tizereof
neid in tl City :iall of �aid City, cn the� F,th _day of
Decer�ber , 194�', :snd ��:;sed by the.=°cllcwing vote:
� AYLS: COuc:CILP:�N Christensen, Lal�e, Zirrunerman,
' ' ' McP+leekin and i�le ' "
. , ��' : NOE�: COU?tCILivLr Nene. . . '
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' `A3SENT: C�li1�:CI���i:DT None. ' "
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',',IT`I CL�itIi, i;�t OF �YN';J��J • , .
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