HomeMy Public PortalAbout1138 (07-26-38) . � . � . � .
- RESCLUTION No. 1t38
' ' A RESOLUTIOiG OF THE CITY Or' LY�]Vd00D
PROVIDIDIG FO? PAYiV�NT FOR BONDS OF
ACRUISITION AND IbIPROVEi�NT DISTPICT '
No. 8 AND DIRECTTDTG CANCELLATION
TI�REOF.
WI�REAS, oti°rners of certazn bonds and interest.cougons . -
of Acquisition and Improveraent District iJo. 8 of the City of
� Lynwood have offered to sell sai:d bonds to'the City of`Lynwood.
for certain prices st2ted in said offers and_said offers have
been`accepted; ' and .
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4�IHE?EAS, said bonds have been deposited in escrovr
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with Security-F'irst National bank ; of' Los Angeles and it�is
desirable to authorize the Treasurer of the City of Lyn�vood •
to tiay for said boncls�and to<'r'�ece'iv and =cancel the same;
NO�J, TI�EREFORE, T?�E CITY" COUNCIL OF T�� CITY OF
LYNVVOOD D0�5 �RESY ?ESOLVE, DETEn?iLINE AI�TD ORDER AS FOLLQV'�S ;
' SECTION 1. That the acceptance of offers of the
follovring named persons to sell bonds of ficquisition and 1m-
provement District No. 8 to the City of Lynwood for the pur-.
chase brice' herein2fter stated for each of said respective
persons be and they are hereby reaffirmed and the said,bonds
are hereby purchased in accordance rvith the terms of said
offers. The.names of' said.persons and the amounts to,be paid .
to each thereof f'or the bonds descr`�bed in said offers are
, as fcllotivs : � _
Name of Seller of Bonds Fmount to be Paid �
C. �. Bradberry . . ,..... � 17�.03
The Brown-Crummer Co. ..... ••. 20,295.00
Mrs. Ida B. Chisam ..........., 4,125.00
J . 0. Davis ...:— .............. 19,800.00
Robert tid. Lor� .. .. ......... 15,675.00
Dr. J. R..Potts . `. . ... 4,125.00 ..
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_ �' . .. , , ` `'. ` SECIION 2. ^'That tl�e City Treasurer of the ',City , �
�, of Lyrn�rood, is hereby authorized and di'rected, to pay for, the �
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• , said bond's in with'the terms of said off'ers.and ;
, `.' he is authorized:and directed to pay the said sums • �.
'. for 5each of the re"spective persone�to Security-First Pdational
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� B�3nk of Angeles and.said. Bank .and �'. "' '
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d.'irected to�pay to each of said respective .persons such sum ��
� as is provided in.the escrovr .instructzons pursuant .to �^rYiich
said �onda.haye been deposited with said�Eank. , �
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.. .' - SECTION 3. Said Lreasurer is,hereby authoriz,ed - �' .
_ and directed,.upon'm2king"payment for said bonds,,to take'de-
"' livery of said bonds' and :immediately, thereafter to 'cancel'said=
, '.bonds`and all in,tereat coupons.appurtenant thereto. _ ' �
� •" ,� SECTIOSS 4. .._That there are no missino.couporis or
' r_. , • •
" outstar_ding coupons� of any of such boi�ds, which require any __. .,,
r.e special agr'eement. . • ; .
. � . ADOPTET�, SIGNED AND`APPROVED this .26th.day.'of .
, .- ._ July; 193$.. � . - .
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�" �� s��^, �,�, T:ayo� o� the City of .Lynwood,'
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-`� �'��P,`1�ST< �`; : -. California. . .
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A✓i'@Y �, .� : f f � N % , � . . . . . '� ' . ' . . .
,. � . ��,��',C erk;,,of the �ity�of �Lynv o , � ' � � � • • �
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. .'" STPTE? OF;,GP:LIF'ORNlA c ) ` , y
COUNTY LOS ANGELE� ) SS.: .. ° -''" ,
: ... ._ . .
, , . �;I`I`Y, UF LYNG:!OOD )
. I R. V�. ^N�ERcOPF ,' . . _,, 'cit3r cle'rx• of .the .City of
,�. '' I,ynv+rood, and clerk-of'• the City Council thereof,,.do hereby cer-,
� •� tify,,that the above and foregoing resolution.was adop.ted by
i;he.', City Council _of ;the City, of. Lynyvood at its -��t�rrP�e�ar
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meeting duly held on the 26tl�,day of July, 1938, by the
follovvino vote,' to-ti^rit: •
' AYES; � COUi�TCILP�I�N � LaYe, ."e�e?' Nn�� rTa+;,,� —
NOES; COUNCILMEN None.
ABSENT;. COUNCILI�,'�N F3oster and Snysler
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„r,�''a�, " � ity. Clerk of the Ci of �
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