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0985 (05-04-37)
- ` ` - . . , . ti , , �. , ,� , t , . i ,;; ; : r �: . s �_ ,. _ . , r . ' S � 4 . .. -. . . . � � �` � . . Yj � - � � E r k � . a '� �. � . i � t i T 4 y t. - La �� ' ' ' — . * `� \ > 1 � . "RESOLIITION NO.: .� ,; : � • . ,. , . r . � �. Z "� �� .� .� . : ' • � �`� . Yf � � .., � .. .. ... ..v �. . s . •. � e • f' rv .... .:• •�. .. ". �'� ' 'y!!n. �.: i' • ��l . �'I� �� . . . . . ! 3 ``: :KN0�1��LL EER30NS:: - � " 4 That wheroas, Robert A. .2doffi;tt,. on :behalf�'of` the;�City,of_ , I , : � _ �. • , 6 �gnwood, California, has• worked out a-plan of acquiri.n� `and re- �,y , s �i�� tiring the:�presoii't' outstazding indebtedne'ss of ACquisition �;. 7 ,,;�� and Improvement Distriet�'No 19' in�.tYie City of Lynivood. .', , ''„ . , � . �jl .n�.i, '�. - ��l . �, a :' .._ . . .a i .�s.. '- .. �- '_, , . _• e � . r _ -, .$ And �vhereas sa�id plari_ includes an escrotiv agreement .between 9 the :City, of � Lyn��ood and the �Security� First .;Na�Yonal Bank, of , Los� 3� 1 0 � Angeles as.escrow holder: , ` � 11 . � �. �<> ' ` • .� ' ' ii ,: t�nd whc�r�a`s,, eaid •plari includes a form of�?agreement• and°` _� 12 +�', . <<�., ` . � .. , ... ,. ,' . .' ;., eacrow instructions from the landoianers of .said distri`at and a` 13 . ; . ,::, , ;" , � • ' ` .: . :. , _. ' : � � .'•�� ��' » fo'rm �of escrow in`struct3'�no from" the` boridYiolders: of the bonda of 14 - , . .. . _ r p ,. 1 sai`d district , m ` �'R � 1�J. '' I. : � . .i'.r �.. 4'. . Y'. •� .. I � . ' � ,.. ' S . . � �_'_ + And` whereas the: Mayor and the City Council:.of the City. oP ��mo � . .�1 -.. . .�. - .. . � . , .. �. y . - .. 'a� °o$ 16 � I�ynwood have made careful xnveatigation, as to the merita of. said W°' u 17 `' �' = J .F o'ca ', plan: . ... � - - �- -- , t a. 3 � • � :; . � � _ �. .�- a , J 18 . . , . . . , . k �_;; .;, Andwhereas there is a. iiecessity and occasion for,�'working out `- � „ � 19 i : , ., , , , . � . i a soTutiori that crill retire tlie said•bonds, commonly �knoYm as tdattoo : I � ��� �:�` Donds'; froid said :cllstrlet J ^; � � ` zl" . �� .' :. ` .', . . , . - No�' therefor's, ` be it. reaolveii by. the tdayor and `the� City .._ , . : . ,. , 22 ' . . <. . ,. : , . , , . '' Council of �'the City of� Lynvrood,; Cal'ifornie;�� that . the Mayor 'and the '.23 , . � . . : , >- . • . • . . - • _:� City_Council .exoress to�.the publia. their;.confidence in 'said`, plan • F _ 24,.. I ;,: .: ' : ^ ;,'. z ' ' � '�I�or`acquiririg and:retiring said.bonds in ti.& I District No. 19: 26 �� ' ' _: Tha`t said -plan=£or ee_quiring �;and ;ret,iring• said b,onds _of � .,, 2 fi : ; ..� ,; . , . . , . I, :. 9aia district is apjsoved ' � ' � z7 : , � . � . I That the 'Mayor: and the-,City,:,Cler`k-,:of the;;C , r 28 . . ... � . . " 29 .� on behalf of the;City of•Lgn�vood, California, are liereby authorized - 30 � to �enter into said eserow �greement with �the Security °First Nabion�l ` �_ 31� � B�k`bf . Los Angeles, e�s�tablishing the ' said bank as- the `escrow hold- .. , fe . > .. . • t er �in�`said� ari •of� bond'�retireirient. , . .. � . , 32 �. . + • �• . ;� Be fit fizr.ther_-re.solved--that the City Council ; of the��City. of � . . ; . . ., , � .. . . . . , .�_� , . �, - : ; . .. � � , : , , ,. ., ,_ - , . . . , . .� , r - , , _. . , ,.. . , �• , ,:, -, . . . � . _ . . , . . . -�� . . Y .. . � . .. . < , . . - . . " . x - 4 , > �2. . ' .. � � � . _ . .. ,. -:,.. ; . . . . ... '. .; '� . . . . . . .. � . �, - ..,. . ..,o � ,•...^ ,- '. r • 7 � . n _, �. . 'r • ^ �' � ' ',, • �� � . ;:� � r . , ,. ,, ., , . ,� .: . . . , ., � � (J .� �, . �-: ; / .Y.. : P 1. 1r Y, . l . � . . . .� . .'1 . �. i .v 1 f . .. ' � '. , � Y ` : . � . M1 � 1 s . . r �( 1 . . 2: Lynivood will� �ive'said �plan ita moral.,support ,and'take .such'action • as! it . shall have attthority to °furtherr°the 'sitcceas: of �said pl� �' '�� � 3 • 4 �,: to tkie end that- the A,& ,I,:Bonda of Dtstrict may:be`�ryacquired':and <... ` , � ret3red and tho �pr.operty ,ownera reli'eved of �the 4fui th:er burden =of _ ,, : g . . , . . .. .. . ; , , .. . ;. ,. ... ;.., _ u . : s . said for[n �of' indebtedness . , . . , <. . ,: , . . , �, , . • , � � ,- Adopbed in Lynzvood, California, this. 4th,.day oP_May,._1 - , 7 . . . ,. a .� . .. • o �� . i rt . . r ♦ . - . . . �. . �.- _ .. . . � .. . . .. �. y . � . . � .. . � . � , . . . � 8 . .. - _ . . . ,' . . ` . ;'�; t �Sd�-F�a�� 9 ' ' � �'� d''�J � °i0 . 3: . � eyor o t e�. City o : ynwoo. � , ;� � ��.�a , , :-, , 1� �i � �, �� ` ' � � ,, � a ,� �„ `�,"� . : � � ' w '��'A�4a"Y � a ' � � � � :- � ,�,;, � _ s 18N �t � .� ., :/T „�� �� �� v �,��-� /��. . ti ' " � f :. ,. � � � ti t � � 14 �r? o .� c. � � .7 ri � -� , Y m ;'� � ,.r,'u a � 's7�� y ' �r . ' * N ,: t�- XT m =1°� ` 15 ��� � r a �,y�,� � � � �� � o c ��3 �, !'� ,-�s . . . .� � � � /� i ^�rY�1.� a. � �� _ w ..W GIr� 16' < �+n ^a _c^Y" + �... . �~. .. ���� .; > 'Q' � q '+D?��' � . .. " . . . _ . . K rs'U o �:� . , .. . °N�m90 17� ' '.' ..� � •':.� . . . ' . Y . ?. s .. . :�J,Q�m - ._.�I . � � � � . . � ... -i 3 :Q � � . 18 ; �� ` 2 N ! � . `, , U M � . �J I .. . � . - \ .. . .�� .� , .S V ' I • � .. ' 21 � � . . ' . . �GG �.. . . . �- - � t ... ' � � . � W _ � � .. . . • .. . r . ,�� J r . -, � +4 � ��' � `�$ - f . ' h . ' 2 4. •, �, 5 , t � � 26 ';: , ,.- � ;� y "' .r '' - 26 . � - . . -:, . x 27 � , . " . , � : � 1 fr . �..� ' .�. ' . 4ti y. . � n .: ��. . � ., . .':. . .. .. , � .. , . � i i . . i ...i � , ti .. � . � . i N ' V p� 1.`$ .:.'I . l� r.... � :. . 1 .• 1 . ' . . '. . . .'� ` .. - . . . . . " ' .. � � ' ..� . . ' . . . . . 29 s e. ' 1� : J -; .. . - ... . . � �... . p .: .. � . � i . `� . . . � r , . �.� „ ... � :. p .... . . , .>. . _n . T . � � r 30 ". ; . ' , - , .�. .. _ .�e, ; .- �- ,. � - _. _,� , ,., � . ,31 �`." • . � ,, ,. , • ^32 . �° : . . ' - } , � �. " .. . ,� ' ` . , . , _ . � , r . .s , '� . • � .. . . , . . , . . . ,. . .' . ' � � ' . . _ _� 2 ' � , . . . • , - , , � - �� ,�:<.., ,T<' ,r - ;� . � .. � • � _ .. • , . . .. . �. .'. ' = :r . . � .. . t . - N. . . � .. _ . f . . • . . � . . . . . ' ' .� �t . . . . . . . .. . ' . .. . . . '. . � . . - �. . ' � ... . . . . . _ . . . . 1. . , � . ,y ' . ' d' � ' � . ' � . }L _ . . ._+ • % i .. S� . � . . ,.. .. . . -. ^ ��J . . . . . ... � , . . � • . . . . ' I � " . • ._ • . ,.�� . • . . • . . . .. . , . .'. . �. i � � '� . .'� . . . S1. +. . " . � �. ... . . . . ., + .r.. �. , i . .�. ,. . ... ,- . . . .. .. . ... . ��_, . .. . ,-- , STATE 0� CHLInOP,NIA, . ) • , , ' , C OUTdTY, ,OF LOS AN GELF3 ,, :. ' , s . .: � • , '.. � :', � ' CS,TY. ..OF' �LYNBOOD.. ) �,,. � . - ' I, 'the undersi,gned C,ita CIerk of tne City of,;;� . A •. ... ' .� . �-�' h ' � F�� . . . . �...� �. ..: .. . .' .. . . . L'ynvrood� �do hereby cei tify ttiat the'above, and foregoirig. , � ;..' Resolution was. ciuly,adopted,�bj' the`�Ci said'..: - • •. . „ , , , ; City at a- ---_ regular� thereof'held".in ` . . . ,, ,• : , - , ,. . ,. : „� ,. the City ?Iall of �sazd.'City.�, ori the�'.4th , da,y of . - , . r . . . . . � - .. .�. . . , . : . . P�2ay , , , 193? ,.,,and'.passed, by the ,f.allowi:ng :vote ,' . ,, . .� � AYES:..COIIIJCILM�N: La}�e t+Ie.yer,'�n,yd�er .and, ,. : . , ��� Y � ,?� , . : Nation. ; ..m �. ou . ., f � . ; . . . .. .� . `��� ,�' � , NOES COUNCILM��' I None.. �- _ ` �� ��i..G✓ G, .. � , . . , : ABSENT: COUNCILM� .. _Aoster• �� . , . Y -�� ;; .� �,: � w � � , �' - • � . ,. .r � n... t .�e �_s t � ,�.-. ' , , . _. .. '� .� ..,. . . ..: .. . ., ' � � . .. "�'. k 'l.. .. . . � . .,. . . ✓ . . . � _' ,--z,r- � .:� ~, • . . CP1'Y: CL�K; CI` Uc� ; , r OD":'� � ' '� �' - .-w'+' ` .. , ' � . . � .. . . � ' wr _. . � � �4 . �- ... .t.... . � � . . '_ . ' . . _ .. , , , r . . ' � ' . ' .;a� .. ' , t� ' . � �' . . . . . � " . ' ' . . '. . � , . . t . . .. � � . `' . ... . � . � . .. . . � . . ' � .... - ' . .. ; � . � . . ' � . . ' . ' -� a .. � . . . _.. � .�. i ._ . . . . ' , .. . .. A,. . . , . , . �. , . . . . . . _ , . . . ' � .. . .. 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