HomeMy Public PortalAbout1087 (03-30-38) 't3ESOLUTION N0. '1087 '
RESOLUIION ACCEPTING GFF'ER OF A. T.
PAYN'c� FOR THE PAYMENT AND/OR SALE _ CF
� BOVUS OF' ACCtiUISITICP� AND Ii�PHOVEi���'.NT
DISTRICT N0, 19 OF THE CITY OF LYiN100D, ,
CALIFORNIA, IA' �EFUNDZNG TI� iNDEBTEll-
NESS OF SAID DISTRICT. •
� WHERE;AS, A. T. PAYNE has this day presented -
to the City of Lynwood an offer to deliver to said City
bonds of Acquisition and Improvement District No. 19 of
" the City of Lynwood of the par value of �2,000.00,
� together with all outstand�ing coupons•appurtenant to said
' ' ,'_ •,:' -, .
" •bonds, the purchase prica of said bonds to be 40a of.the
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par value thereofi �: ; ' . ' ' ' � �
NO'N, THEREFORE, THE CITY COUNCIL�OF T:� CITY OF
LYNWOOD DOES HCREBY R�,SOLVE, DE'lER➢4INE AND ORDLR AS FOLLOWS:
Section 1. That the offer of said A. T: Payne
_.. . . . -- , .. ... __ .,. , -, .�.... _
be and. the same ls hersby accepted. The Mayor of the City
� of L�nwood is hereby authorized and directed, on b2half of
•the City of Lynwood, to si�n the acce�tance,of said offer
thereom, and the City Clerk is'hereby authorized and directed
� to attest the said acceptance. �
Section 2: `That refunding bonds of said District
' be aold for cash and the said bor.clholder paid in cash at
, the price stated in said offer.
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`� "� ADOPTED, SIGN'ED and APPROV�ll this 30th day of
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� � � i19a rch; 1938 . � � / ( , �' a�4%� .._ . , . _ _. . , . .. _
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ATTES .� "� . Mayor of the City of Lynwood
. City C erk of the Cit�* of Lynwood
and Cle'r.k of the City Council thereof.
(SEAL) '
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' �COUNTY OF• LOS, ANGEL�'S, s`s `' Y j �� `.,
' � CITY, OF '- •LYNT30,OD , ) � -, ' ' ;
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�,�, s'� , .' Lynwqod, do hereby cei tif,�,ttlat the. above aiid for.egoing �� �_:
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':Resolution"was duly adonted b�,'the City Couricil of.said -: , t°
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;:; City�at an�adiourned 'r.e,gulari;:meeting `thereof Yield in �
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� .'° � the ;City Hal1 of s`aid Cit'y, ori•�the '30th day� of. iT� ,� `? �' "
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� ' ' '` �AYES COUIdCILM�N `
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