HomeMy Public PortalAbout1079 (03-30-38) . . . . V � . -i .• -
RESOLUTION N0. 10.79 �
. RESOLUTION ACCEPTING OFFER OF THE
BROWN-CRUN�NiER C�MPANY FOR THE PAY11^.ENT •
AND�OR SALE OF BONDS OF AC�,UISITION
AND IMPROVEIVIEt�IT DISTRICT N0. 19 OF THE
• CITY OF LYNV'd00D, CALIFORNIP, -ITd�REb�UND-
ING TFiE INDEBTE�NESS OF SAID DISTRICT.
� ' WHEREP.S, The Brown-Crummer Company has this day
nresented to the City of Lynwood en offer to deliver to �
said City bonds of Acquisition and Improvement District
No. 19 0£ the City of Lgnwood of the par value of �38,500.00,
together with all outstpnding coupons appurtenant to said
bonds; the purchase price of said bonds to be 40/ of the •
par value thereof, ��
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF
LYNWdOD DOES HEREBY RESOLVE, D&:TERPL�INE AND ORDER P.S FOTLOWS�:
Section 1. That the offer of said.comparny;be
and the•'same, is hereby accepted. The Mayor'oS-tYie_Ci-ty
of Lynwood is hereby.au:thorized.and directod, on behelf of
the City of Lynwood, to sign the eoceptance of said offer
thereon and the City Clerk is hereby authorized and directed
to attest the said acceptance. �
Section 2. That refunding bonds of said District
be sold for cash and the said bondholders pzid in cash at
the price stated in said offer.
ADOPTED, SIGNED AND APPROVED tr.is 30th day of
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Ma•rph,� ;1538:
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, W - : ' ` � ', ; Mayor of the City of � Lynwood.
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City,'Clerk,�.of the City of Lynwoo
and Clerk'of the City �ouncil thereof.
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CQUNTY OF L:OS ANGELrb 'es � °
CITY Or , LY^1IIOOD " ) � " ` '
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,, I; the undersigned City Clerk of tne City of , `�`
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• Lynwood, do�hereby ceitif,� that the above and foreooing.� 4 k
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�. ; ResoTution .was ciuly adopted b�` the C�i_ty Council o£ said " ��
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the� City Hall of §a1c� Ci�ty,, on the 30th' da,y of March '` {
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