HomeMy Public PortalAbout0998 (07-27-37) :1' -. . . . � , ,' ' . , . . . . . � . . - -. .. �, . , . ' . .
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. ' _ .. ' RESOLUTION N0. 9A8. .'
' `: ' . RESOLUTION REPEALING AND RESCINDING RESOI,UTION
NUMBER 993 ENTITLED.��RESOLUTION OF TIiE CITY �
"' � COUNQIL OF THE CITY OF LYNWOOD, CALIFORNIA, .,�.
• DECLARING ITS INTENTION TO REFUND THE IIdDEBTEDNESS '
OF ACQUISITION AND IMPROVEMENT DISTRICT NUMBER 19
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� 9�REAS,,the City Council of the.Qity of Lynwood, Aalifornia, �. '
,�. ; hae,heretofore, to wit; June 29,.1937; approved, adopted, and passed ;
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� a reeolution,.declaririg ita inteation-to refund the-indebtedneas of .- "
Acquisition and Improvement Diatrict No. 19 of sald.City, under . `;
,. 'provisions of an act of the,Legislature o£ the Sta.te of California; , ,". ,
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.` designatied and known as.the Assessment=Bond Refunding Act of 1933, .
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� appioved June 5; 1933, Statutes 1933, Page 1915, and_'of'all acta sup-
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plementary thareto and amendatory'thereof;'and, , '
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`'�' '�' : SGHE&EAS, Certain portions of said'Acquiaition and Improvement
� °llistrictuNnmber 19 lie within:unincorporated territoxg:of .the Gounty-. .°
.: af Los�Angeles and certain thereof 13e'witbin the boundaries �
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� of • the City of.' South Gate',' Cal'ifomia, and � `' � " `
� WHEREAS,' the,Legislatuie of the State of California, in the
l.' 1937,seasion, did gasa'and adopt=Assembly Bi11 No. 1588 amending certain
� sections of the said Assessment Bond Refunding Act of 1933 and.adding, '.
, ' " a section thereto and � �' ' . �
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�REAS, the Governor of tkie Stat"e' of California',did, oa�or
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about the aecond day of July, 1937, sign and.approve said Bill which
, then became Chapter 853 of the 1937 laws.of the'State of California, and
' � ' ��H�RFas, said Bill was,an emergenc� measure aud became'effective
� imvnediately upon the signing thereof by:the Governor'a's aforesaid, and
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� � �' P7FiEREAS, the amendments to the said Assessment Bond'Refunding
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` � Act.of 1933 ahich became effective on or about Julg.2,,1937 as.aforesaid "
�, amende Section 4 of the said Assesament Bond Refunding Act of 1933'to
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, ,, read in part as follows wit:. . ,, �
: . ,� • , • _ � ` ' °„.iri case.the assessment district lies partl9 wi'thin . .
, unincorporated territorv a county and'partly witliin
one or more mo.n'icipallties, the'legislative bodg oP
,' -:�. ',`° the county, oi� of ai�y municipality in nhich an,p poTtion � �
' of the distxict lies, may conduct proceedings to reftind '
the indebtednesa of said diatrict and.to a reassesa-
' " ment therefor; prodided; howeqer, that in any case in -
�- . , ;, which the assessment diatrict lies en'tirely within two"
,. � or more municipalities„or partly within unincorporated:
, - territory of a county and partlg within°one or more :.'
municipalities, or in any.case in`whi'ch'the.legislative �.
" " body propoaing to conduct.the refvnding proceeding is, . .
� - not the legislative bodg whieh levies the tea or:assees-
� " ment for the payment o£ principal and interest o£.the `
` . � • .`bond's�to be refunded, the legielative boc� which proposes
to condnct the'refunding proceeding ahall obtain the
., ' ` consent of .the legislatide bodq of each,municipal.ity in.
� which anv.part of the district lies;"of the legislative, ` ,
. �bod� of the aounty.in caae a part of the district lies �
,,. in unincorporated territory of,the county, and of the �`
, . lagislative which levies the said taz or asaessment �
, for the payment of principal and interest of the bonds
' to be reYunded,-to the refunding of tha 3ndebtedaess of '
' : �` such district under'�this act and the levying o£ a re-
� asaessment there£or. Sucti conaent 'ahall be obtained ,
- prior to the adoption of the resolution of intention
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,. � � in the -refunding proceeding and �ahall be eapressed b,q: °�`�
resolution, a certified copy of whic5 shall be filed '-.
° with the clerk of the legislative body which proposes. ; "..
- to conducb the.refunding proceedings on or before the .
, .� date the resolution of intention in the refunding pro- , ',
� ceedings iJ adopted,".'S9hen euch consent hae been given,
the legislative body to which the consent has been ', �
•, granted shz,7.l 'l�ave complete Suriadiction, poRer, and
• 'authority to refund the bonds o£ such.district under
. this.act and to levy a reassessment therefor under tlie
�. '` ` provisioas hereof�° and , ' .
', _ 41HEREAS, at the tiime said Resolution No. 993 o£ City Gouncil
•° o£ the'said City of Lynwood was adonted, as a.foresaid, the City Council "
' of the -0 ity oi South'Gate, California, and the Board of Suporvisors of the
Count,q of Los AngeYes, California, had not'given thsir consent to the " - ;
' refunding of the indebtedness of said Acquisition and Improvement District
T Number 19 and the levy3ng of a reaesessment therefor by the said City �
`• - Council.of the City of.Lynwood'as in sa3d amended Act made and provided �..::t"�
,� . ` NOW TEiEEEFORE, be.it resolned by the City Council oi the�City�oP
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� Lynwood,�County of Los Angeles, State of Californis'as.follows: -.
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1. That .the said Citg Council of the City of Lynwood doea •
. hereby�repeal and rescind the sa'id Resolution Number,993, antitlad:�'A . �
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. Reaolut'iqn of the City Council of the City.o£ Lynwood,'California,' '
Declaring Ite Intention to Refund the Indebtednese of 'Acquiaition and '..'
Improvement District Nuihber 19 of Said City", ahichr,said ResoZution aas
' adopted b9 thi's'-0ity Council on the 29th day of dune, 1937, ' "
�, ` 2. .That said Resolution Number 993'is hereby repealed arid
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,. rescinded for the reasons aforesa3d aad not otherwise. .
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' • ," APProved and Adopted this: �7th dey oP JuIY ;. .
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- , 1937. : _ ,. ' .
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' ' , ' . � , . , ., Mayor of .the City of L,qnwood , '
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� � ,� City of`Lynwood , ' l. . .
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. ' • ` I, R. '6N. ' Anderson , City Clerk of "
�•the City oP,.Lynwoad, do hereby certify that the foregoing:resolution was
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. •duly pasaed by the City Council of,the City'of Lynwood,`State oP balifornia, �.
, ',. and' approved by the Mayor. of said City at ar� ad�ourne r@�ular
meeting.thereof, held on the �7t�h__ da,y of ��1v , 1937, and that the
- eame was passed by the foll'owing votes, to wit:
`'' �' AYES: COUNCILMEir Lake, Nation � Boster.
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� � w �� `\ , A ' �' .� r � NOES: None.
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` � '� �� ' � ` � ABSENT; COUNCII.di�tEN Me �er and . der. "
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- h}; ��s-` ° ; CITY CLEHK OF T� CITY OF'. LYN1ti00D
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