HomeMy Public PortalAbout1141 (08-02-38) . _ . . .. ' .. . * , ; - , . .. , .
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, ' RESOLU`P ION DTO r 1141 - , . " ' ,
. � RESOLUTION OF THE'CITY,OF' LYDPN00D -
• AUTAOF.IZIVG D�3LIVERY OF' REFUPIDING
BONDS,{PURCHASE OF CERTAIN,.REFUNDIIJG" ,
, BONDS AND ?AYIVIENT FROA1 CEPTAIN FUP1�S.: .-. .
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,.„,� : � WI�REAS, on Surie 22, 1938, an. offer ivas received
'' from.Morrison Bond Qo., � Ltd..' agr.eeing to, deliver to �the •
Gity of, Lyni•v`ood tvro refunding bond's, to vvit, the refund'ing
tiond i�ssued to-,represent;the reassessment numbered 316 . „
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levied ; in.the.refunding of`the:indebtedness of Acquiaition •
::,. . .
'�: .� ' and,,Improveiaent- District l�o. 25 of the City of :L,ynwood in
the principal suin'of y�10,£;63.00-,'�and the tiond to be.issued
��F to represerit the numbered 1214�1evied ,,
, . f Acquisition and Improve- '.
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refundin of the lndebtedness o � _^,
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ment District"No., 8'of the Cii;y of.Lynvrood in the principal
' sii�! of �359.44, in exchange "ior the'refund,ing bonds'of �
Acquisition a_nd Improvement Districte DTos.. 6, 9 and 10 �of
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•... the . Cit of L nNrood owned b the Cit� of Lynviood, anfl' the .
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' �sum of �4,179.72 ; in cash to. be paid by=<the C,ity of'Lynwood, .
, and said offer,�was accepted`but the funds from �vhich said
� cash would. be p.aid were.,not desi:griated; �' �
_, ,, PdOW, THEP�EE�ORL, THE CITY COUNCIL OF ,THE CIT�' OF. :
LYNPd00D DOES' HEREBY RESOLV�, DETERMINE AND- ORDER AS FOLL•OVV5�:
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• That the accep'tance of said offer from Mori°yison ` �:
, Bond Co., Ltd. be and it is hereby affirmed, and the Ci��
Treasurer of'�the' Gity of Lynivood is.hereby authorized and: - •
"�.` ' ' directed to deliver.to said.Morr3 Bond.Co:, Ltd..all ,_,-•
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r.efunding.bonds of Acquisition and Improuement Districts' .
Nos. 6, 9 and 10 nomr owned bg the City of Lynv�ood, 'and to
' pay to said Morrison Bond Co., Ltd., from the As- .
- sessment and Tax Relief Fund the sum of �4,179.72 in cash, •
in payment for the refundin� bonds issued to represent
reassessment numbered 316'of Acquisition and Improvement
bistrict No. 25, and reassessment numbered 1214 of Acqui-
sition and.Improvement.District No. 8, and.said City Treas- �
-' urer is authorized to accept'the:'sai� refunding bonds to
� be received from 1Vorrison Bond Co., Ltd. and to hold the
sane sub�ect to further,order of this City Council. Said
City Treasuror is authorized and to deliver
' sll`bonda, receipe all bonds, and-pay over all moneys neces-
sary or conveniEnt in ca.srying out the transaction herein-
above ,stated. • ," , , .
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�- ADOPTED, SIGNED AND APPROVED, this 2nd day of' :°
- -August,,1938. . �
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' �"' Attes . Mayor of tne City o£ I�ynwood,
- , �- California. .
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City.Clerk of the City o
" � Lynwood, California.
(SEAL)
STATF OF CALIFORIQIA ) • ' -
COUATTY OF LOS AIJGELES ) SS. '
CITY OF LYNVu00D ) �
: - I, R. W. AAIDEFSON, City Clerk of the City of Lynivood;
California, do herebp certify that the foregoing resolution
was duly adopted by the City Council of the City of Lynwood
at its -- - regular meeting held Au�;ust2nd , 1938,
by the follo�ving vote, to wit: -�-__ _._ �_ _.
AYES:. Councilmen Laice� Nati:on, Snvder and biever.
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� �u ` :NOES:� Councilmen AtnnP -.
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" ABSENT: Councilmen Boster.
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. V .� . � --�� y er o� �Fie L� ynwoo ,
- Calif orriia. (SEAL)