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HomeMy Public PortalAbout1193 (07-20-39) Y . } � ats . � . . . �� r . . s .. ' . . . , . . . ' � . . � . . . t . . . n � r ' . . � . .i.�. . .. � .. . ' .F 4 .�. . e � � . .. _ . � . . t � ` �' - , ' � .. , - _�. .. -. , .. . .:. ' ' . ', � .. . �. . �. ...... . ' s ... : � : '...�;.:.- . . � . . . � . . . � � ' . . . ' .. . . . � . � � . .. . ' ' RESOLUT.ION N0. � 1193 . . . , � . .'` ' .' RESOLUTION OF THE CITY COUNCIL' OF THE ' . " ; ' CTTY OF LYNWOOD, CALIFORNIA, ORllERING. - . THE R£FUNDING OF 4'HE =INDEBTEDNESS OF .. , . ACQIIiSITTON AND IMPROVE3vI�,N^1 DISTRICT ' � ,NO.' 7' OF', SAID. QITY�AND Tf� MAKING OF AN� , ', . ' ,� , ASSESSMENT THEREFOR. •- . , WHEREAS, the hearing of objactions and protests to � the refunding�of the'indebtedness o,f Acquisition•and Improve- � . � ment"'District No.� 7 of- the City of' Lynwood; Qalifornia,. as • - ., x , . . , . � ., _ . �roposed in Resolution No. 1185, }ias beeri duly,had.and no . . � . � . , :. � . '' protests,or ob�e'etions were filed or made; and : ' '� r , , . r, : -' ..,; i�VHr.R�AS,. �by resolution entered upon the minutes, _ :- . . r. . , �. � _. ... .. � .,. . ._ � � . . . , . .. . ., ... . . .. � . . . . . .. _ , , � thi's,Council has.determined that the.w'ritten�consent of the ' • _ owners :of more� than a majority in . area , of the, 'lands .in the ' . . .' . � District subjeot to to pay. the principal:and in=- r . . . - • . A . � - . � . . . - . � terest of the.outstanding bonds.of said District, bein$ also - �.the writteri,consent of the ovJners of than a majority in � . ,� ,. .r; ' , , ; � . , ' t r e a refundi l �doceedi he Dconsentingbtoctheoproposement., in- _.. ,. :_ .,; h � P . . ?�, . d. refund- . ' , ing �,and assessment ( some.tixues called a reassessment � has - .,; .. . . . . .. been filed, and this Council has acqui`red jurisdiction to ° _ . . . , -._ . ,.` ,-' .::, .proceed with such refunding and as � , . - � ; - ;_ _ , � � � . '': NOW,. THEAEFORE, the City Council of the City 'of ` • ...� ; . . �. . CaTifornia, does hereby resolve, determine and ,� : ,, ,'order a.s`follows: _ , - '.-,� � . � � . • . , ,: . , , . �, , . .,,, � Section 1: Tha�t.the public iritarest; convenience . `. and necessity require'•the �refunding of the indebtedness Acquisit`ion and` Improver�ent� Dis£rict No. 7 of the City of : . , - . � .. , , , ._ _ . . . ,•< . , � . .. Lyriwood, and the refundin,g of� sitch 3ndetit�edneas' under the • ,Refunding'Assessment Bond Act 1935, as amended, and the., levy of an'aesesament (somatimes�called a reassessment) . ,;: -•.' . . . � .. -- ; ,. therefor, as-� proposed in + said Resolution No. 1185,, are� hereby ,. .. . ..., . . .. .' :: ., -; � � , - - ., ". '. •. ' . - � .. . � . A.. � , .. . . � . . . . . . , t. .. . . - . . . '. a . .� . . . . . - . . . . ' . .. ' • .. . -. ' ' . . . �. ' f . , � � . . . . .:y.. , . , . . . . . . . . : . � .. . , � . , . - _: ordered. Reference is hereby made to said•Resolution No. 1185 � for the total amount of the-outstanding indebtedness of the .� . District, the amount.of principal•of bonds�included.therein, : � and the amount of due and.unpaid interest coupons included ' , therein, and for all other particulars. The refunding bonds � to be issued in this refunding proceeding shall bear interest • at the rate of five•per"cent (5�)per annum. Section 2. That the total maximum pnineipal amount for which an assessment.shall be levied in this proceeding is the sum of sixty-one thousand four hundred . , aour and fif-ty-six hundredths-dollars (�61,444.56).,�'.' : • Section 3. That the City'Engineer of the City of. ` L"ynwood is hereby directed to prepare a diagram of the property ' ' included within .the District upon which the said assessme_nt � shall be levied, in accordance with said Act, and when said • diagram is completed the Superintendent of Streets of the Citg of Lynwood is hereby directed to and shall proceed to make the �.. _ _ _ „ _ assessment in accordance.with the proyisions of said-Act. _' Section 4. • That tYiis resolution shall be entered in full,.upon the minutes of.this�City Council. :� '� ��,�- a � . �' �:�. �" ADOPTED,"SIGNED AND.APPROVED this 2p day of July, � � ` , a' ; _ ' . ,� 1939. �- , < �� , L ' , � . . !".--..i�7'' �� 'G��o� . - . . �, - _ ' . . � `' ;L � � `/, �ATTES .�' � % ayor. ; o e . .y `o Zynwood, ' "` t � � ' California . . • : �,., � , _ • . Clerk�of the City of Lynw od, � 'Cali£ornia. • . � fSEAL) , � , _ . � . . � ! � . . ' � . . . . . � . . .. . � � _ . . ... , ' . STATE.OF CALIFORNIA, ) COUNTY OF L(7S ANGELES, ) SS:' � - ' � CIZ`Y OF LYNV'IUOD. ) • � I, R. �i: AND�RSON , Clerk of the City of Lynwood, California,:do hereby cer ify that the foregoing � resolution was duly adopted at.a meeting of the Council of said City duly held.ori �7ulv 20tH, 1939, by.the�following ' vote, to-wit: ,,.. AYES: Councilmen �hristensen, Meyer, �myd.:er . . �", - .,, and leke, . , _: � .. . . , : . y' ,. � ; . � � �w. � ' '�':•'�•- . - '.. . � . . - . ... � � . . � � ' NOES �. y_Councilmen None. t ° `HBSENT " � Councilmen TJation. � ! i � . 1') : _ . - / .] � . , f . . .��_�✓/ • _� _ / . . // ' . , . . . � , ' � � /� // ��/ � . ' " 9 t 3 t-" ° �. ' Clerk of the City of Lyrnvo , ` . ' - ' _ `California. ' . t -, . ,, . . . . (SEAL) ., , s• - , , ,. ; #. . . _ � . � . . , - ' i` . , f