HomeMy Public PortalAbout1155 (09-29-38) ., ,. , . , .
RESOLUTION..NO. 1155_
' • RESQi'G,UTiON ACGEPTING OFFERS F'OR SALE OF , �
�"'` � �•� • ' BpNDS. OF' AC6�,UISITION AND II�FROVEIY�,'NT • � � � ,
.DISTRICT N0.• 15 OF THE_ CSTY OF' LYNV+lOOD. ' . ,•
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" �, ` . � ,. , ; '19HEREAS; this'City.Council ia°conducting proceed- .• `
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� ings to refundrthe indebtedness," Acquisition and Improqe- .
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.` •. , mentyDis.trict No. 15,_of the City of,Lynwood the As-.
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� ��sessment.Bond Refunding Ac* of�1933,. amended; and '-
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"WHEREAS;% cert'ain holders of outstandii� b onds of ' ,
�� said District hereinafter described have offered.�to sell
, said bonds and al.l interost coupons appurtenant thereto to
y �. ':". the'. Gity of _Lyn�rood in �said �re'funding prooeedings and it '
is :desirable that said offers be. a -":'
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,,, , NOW,•THiREFORE, THE CTTY COUNCIL OF THE'CITY OF
� '' LYI�NVOOD, . QALIFORNIA, 'DOES HEREBY R�SOLV�, DETERP.4INE AND
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'., , ,. OftDER AS..F03,LOWS; . _ •. . . ', ' , .
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" Section�l. That the offers of the`pe herein-. .
, ' � af'ter named for the� sale of bonds of� said District� in the � •
� tt�tal par, value` principal amount .set opposite their respective
naunes be and the'same are hereby aocepted, and tlie City Treas-
: � .` ,_ . '
ui�er of :the-City'of �Lynwood .is heraby authorized and directed,
when.funds are availabla therefor in the A. & I. No. 15
- �pe'c'iaT Fund', to pag for the said bonds (except-.sucli._por.tibn::. � _.:, ..
thereo.f as'has theretoforo been sold to the County of Los '
Angeles and paid for by the contribution of said County.in .
, t2iis refunding proceedir�� the purchase prices stated in said
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offers and upon receipt of said bonds to cancel the same
and,all intarest coupons appurtenant thereto.
� Section 2. That the names o£ the owners.of said '
bonds and the total par value principal amoiuzt thareof are as
follows, to-wit;
Names of Owners Par Value.Principal
' ' � Amount of Bonds. _
Harriett T. O�D.ea and Citizens •
• National Trust and Savings Bank,
as Administrators of the Estate
of 3J1i.chael F. 0'Dea, Deceased. �� 8,000.00
J. 0. Davis - 27,000.00
Effie Brandon _ 2,000.00
� Andrew T_. Pa�ne � 1,000.00
_ The Brown-Crummer Company , �37,000.00
The Brown-Crummer Compc�ny � 1,000.00
�, l , The Brown-Crtunmer Company — 500.00
The Brown-Crummer Company _ 4,000.00
Ed. Cory Smith � 3,000.00
Section 3. That the City Treasurer and all
officiels of the CitSr of Lynwood are hereby authorized and
directed to take'all steps and perform any and all acts
'necessary or convenient in carrying out the contracts created
by.'this acceptance of said offers.
ADOPTED, SIGNED AND APPROVED this 29th day oP Sep-
,
tember, 1938. � _ _ . �..------ ._.
� � �a��
Pdayor f the C ty of Lynwood
� ' ATZ'EST• California
G� . � � . . . �
_ ity9�lerh of the City of Ly�iwood,
� California.
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STATy'OF CALIFORNIA )
COUNTY OF LOS ANGELES ( SS. '.
CITY OF' LYV'NOOD '(
I, R. 4V. ANDERSON, City Clerk o£ the City of
Lynwood, California, do hereby cert:tfy that the foregoin�
resolution was duly adopted by the.City Council of-said
City.at its ad.iourned regular meetir� duly held
� :' on the 29th day of: September, 1938, by the following uote,
. to-v✓it: . .
A`1ES; Councilrrien •, �yPr, Rn�d,�r A„� nTa�.t�_
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NOES: Councilmen �t�
ABSENT: Councilmen Boster and Lake _
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:". * u� � Z`ity. Cler,k� of .the` City o �'�
"'. . " - " ' ' Lynwood; CaliPor'nia..�
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