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HomeMy Public PortalAbout1139 (07-26-38) RESOLUTION N0. ll39 RESOLUTION OF THE CITY OF LYNVJQOD • PROVIDING.FOR ASSIGNNIENT OF RE- ASSESSMENT LEVIED UPON PUBLIC , PROPERTY IN REFUNDING INDEBTEDNESS . r OF ACQUISITION'AND IMPROVEMENT DIS- ' TRICT N0. 8 AND AMENDING RESOLUTION ADOPTED JIINE 22, 1938. ' f . ' ' _- WHEREAS, •the City of Lynwood is 'conductirxg a- proceedir� to reflind the indebtedness'of Acquisition and Improvement Dtstrict No. 8'of the City of Lynwood�' . under the Assessment.Bond Refunding Act of 1933, as . . `smended; and ' ' . � WHEREAS, on June 22, 1938, a resolution was ,- ' ` adopted providirig for a�contribiztion by the City of Lynwood to assist in such reftznding; and � VVI�REAS, such resolution does not provide � for the City of Lynwood receiving Reassessment No. 1215 • levied upon public school property, and it was and.is �- the intent that said reassessment upon school property should be assigned to the City of Lynwood and collected° - .. . � by said City; - • . � NOVti, THEREFORE, the City Council of the City of Lynwood DOES HEFtEBY RESOLVE, DETERMIIVE, AND ORDER , as follows: That sai.d resolution adopted June 22, 1938; providirig for a contribution to assist in the refunding of the indebtedness of said District No. 8 of the s� . . .. . , ' ' . . , _ ,.. . :.. � . : � . _ . ; . . . . - ` ' � . . =� - . . .. , k . , . , , , � ., . .. ., _ . . �� . _ . :: �' ' .. -.. , . .. ,. . ,. , . , , ,. . • • , of �12;375.00 (repr.esented;by certain :bonds described ' . . in said resolution) be and the.saine is hereby amended , . to read.as foTlows: • ; , .. • ', _ •._ .. � That Reassessment No..1215, in the total ., ' principal 'amount :of_ �87.51', be .and the same is hereby f ' � �.' assigned to of Lynwood as.part�payment upon . �.��15,000.00 par'value of bonds of said,Aistrict:owned „^ - by the City o£ Lynwood and valued at �12,37�.00y•�com - f puted at �.822�f1at (price paid for all other.outstand-.� �, �' ir�� of said ,Distr.iot)�.' , TYiat�iri so far as said , • ,, 4 , bonds are ` not paid �for by,�said �assigniiierit of �Reassess-. ., - � _ .. . � � : + �. ,,., :ment No: 1215;, the-said„bonds and all�interest coupons`- ; i c�.� �-. , .i � . . ., `.. ... � � •! ! ✓ .. ' .�. � x, � ..' : �.. . . ' ' y^ � ' � .. � . . . . ' . . . A�..: . .. - . � , . . . . . ''�. • . • . .: . �. . . � �. ..�_. . . ' � - - . . . . . �� thereof are appro;priated as.a to assist � in refunding the indebtedness of said District, and it is:resolbed,and determined that•the.public interest, : ; .�'��;' , convenierice, and necessity.require the�said contribu-� ,,. . _. . .�. � - . A�,'. "," ` tion, and the,City Treasurer is�directed to cancel the ,, � , .. .. , . . . , "� said bonds and all interest.coizpons appurtenant thereto � , ' ; ' . . , . _ , . . . . ' � in roomplet�ing the proceedings £or. .the reflzriding of the . , indebtedness of said District. . � �, ' _ . .. .. ,. . . ': ` � ADOPTED,` SIGNED, AND APPROVED, this' 26th: " w ., day .of , .Julv . -; T938`. � � � . ` . . �� . �� : - �i�, . " � _.� � �. .�--- , � ' ��--"�A� ��� �;, ayor ' the ity of Lynwood, � ,� �:�.� ��,- y � � California. : �' � �: .�p " ,. _ �.�' ., _ - � � . � � ���,, . a ��sT•:. �' '� . ; . � . ,�. �0� � � ,. �i . . �� - ` r:" '.� � i y�'-Cle r of tYie i y. o -" � �' �` � wood ,if,ornis ��4� . ' �.` , � ���.,�', �_�. _ . � �.: , �''..-�..�;.�"+-`�''" • . � � , , , ., ; „. � , , . _ - , , . 2 _ • . .._ :: '. , . - , , • . .. : .. • A - . . '. �� . , � . �� . . . �� . .. r., , � �, .. . .. ' . . '.. '.. . : ' � . .. . � .: ` ,'. . . ' . .. , ' `: ti _ STATE OF, �CALIFORNIA•". ) ' . . ' � � ` � u ' . ' . , COUNTY OF'LOS ANGELES } SS. . - , , ` CI•TY OF LYNV��OOD ) � . ' .• ; I, R. th'. ANDERSON City �ler,k-of the'City of , .,, . . . . .. ; _ .. . . � . . ' . . . � � ` .. , `Lynwood, :California, do hereby certify .that the `fore- � '•- � . goin� resolution was duly adopted by the .Couneil ,'' of the Git,y� of Lynwood at'; ���t?i7�r�;' ad io��rna r�anl'ar . � . _ , ' .meeting held• Jul�r. 26,, _ __ , ,1938; ,by the following - bqte, to. wit: .. . . • • . -, ; . . ,. . . , - ,. . < �. _ . ., � : �: . . AYES: � Councilmen Lake � ..`eve-r �nd Nation , , , � __ =' . -..';,: _ . _ . �.� ' =NOES: �Couricilmeri None. : - , ,. , .., - , ,� � •. ' , ' ABSENT: Councilmen boster •and Sn.yder � " - �� a ' -..'*,.�2.v�e.`w,,+, .. ' , .., _„ . . _ - . �'""� � k �- , � . .x = t+ � .�' '� � yy�n- : a � � � �� °" v��, .�:' City�Clerk of the City of 1 ����� .t.., , ; �,��r � . �SEAL.) ���od� �f rni . � - Q,�� . � ; ,� G � � s y>�e`Wa ., � c `� �;, � : . ' _ , � � , . . � �, v� ,�, F i ; �. � . . . - a. ' , ; _ �}� . 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