HomeMy Public PortalAbout1163 (12-27-38) : � .� . - .' �' • � . � �.... �' � �..'. . � . . :..� �l ..,,. . ' .. •.� ¢.
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.. . - •RESOLUTTON N0. 1163: '
RESOLUTION PROUIDING FOR SAI,E OF. . �
' CERTAIN_REFL'P��ING BONDS OF ACQUI- '
'. "�ITION,AND.IMPROVEMENT DISTRICT. ' •
' • N0,.15 OF'THE CITX OF LYNWQOD. -'
OWNED BY _ SA ID'C ITY. . � .
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- ' � WHERFAS, this City Council has conducted pro- �
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'` "' -.`ceedin s for the refundin of'the�' iridebtedne"ss of Aoqui- �=
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• sition and Impro.vement=District No. 15 of.the City, o£ -� �
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. • Lynwood unde "r 'the ; A�ssessment ,Bond, Refunding� Act "of 1933�,* ` . °
.. . aµs ame'nded; and . ; � ;' . � ` :
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�. � WHEREAS, all .of the refunding bonds i'ssued� in
_ �said proceedings her.etofore were purcnased by..said City
, of Lynwood and are no�a a part of its �eneral fund; arxl �
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bYHEREAS, this City Councll finds thAt it is de-.;, .
�` 'sirablo that . all or part of said bonds be sold 'bg said '
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� � WHEREAS, certain bids for certa2n� of said' bonds �.
have been recoived and corisidered by-this City Council: -
� „NOW, THEREFORE, THE OITY COIINCIL..OF THE C,ITY OF
� ; LYNWOOD, CALIFORNIA, DOES HEREBY'RESO�VE,�DETE:RMINE AND .
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, .'ORDER AS FOLLOWS:. ' ,. ,, � ,
• 1> That the offer•,of Hall, Marquardt & Co. to
' �:purchase for the sum of �9,223.41 cash, the refunding�bonds
of Acquisition and Improvement Distxict No: lb of the City
F � of Lynwood boaring numbers'I to 14, 18 to 45, 47-to 53;. 55 -- .
• to 91, 93 to 112, anfl 114 to-134,.a11 numbers inclusive, is ..
hereby accepted, and the action,of.the Committae appointed -
", by.tH,e Mayor of.said City on December 20, 1938, accepting ' ��
,.sa�id;offer, is�hereby rati£ied and confirmed. ,
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2. The Treasurer of tne City of Lyn�vood is
hereby authorized�and directed to endorse in blank
on behalf of said City all of the bonds liated in
Paragraph 1 hereof, and to deliver the same to said
Hall, Marquardt � Co. upon payment to him of said
cash Durchase price of �9,223.41, and the said Treas-
urer is hereby directed to deposit: the purchase price
� in the following City funds:
Special Aasessment and Tax Relief
. Fund . . . . . . . . . . . . . . � 5, 400 .00
General Fund . . . . . . . . . . � 3,823.41
ADOPTED, SIGNED AND APPROVED this 27th day
of December, 1938.
. �,,,.,an.. >�: , �
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o.v� �,:�, . Mayor of the ity of Lyn�vood,
� �% California.
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%� ATTES ' �
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_ � . '>���7����� �
it,y lerk of h� ity of
Lyn�vood, CaliYornia..
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STATE OF CALIFORNIA )
COUN`i'1' OF LOS _ANGELES ( SS.
CITY.OF,LYNWOOD . ) ,
I, R. W. ANDERSON,.City Clerk of the City.of : ,_
. Lynwood, Californis, do hereby certify that the.fore- �
going resolution was duly.adopted by the City Council ,
, of said City at 'its Special ' x�gg9txsc meeting
duly held on the 27th day of�December, 1938, by the
followin� vote, to wit':
AYES: Councilmen Boster, P.4eye"r and Nation.
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NOE:•: , �,C.ouric•ilmen� None . � '
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:9BSENT: " Counci�lme.n. Lake and Sn.yder:
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£ City Clerk of the City o�'�
-°' Lynwood; California. '