HomeMy Public PortalAbout1015 (10-11-37) f
RESOLUTION•N0. 1���
RESOLUTION OF THE DITY COUNCIL QF THE'CITY .
�„ ', OF LYNWOOD, 'CALIF'OftNIA, ORDERING THE RE- •
` ' FUNDIIQG OF THE INDEBTPDNESS OF ACQUISITION
�. ANll IP�?PROVEMEI�iT DISTRICT N0. 10 OF SAID CITY ' �.:
- APTD THE NIAKING OF A REASSES5iv7ENT THEREFOR. _ _
� WHEREAS, the hearino of.•objections"and protests .
, . .. , ,
, "" to .the'refunding.of, the indebtedness of.Acqizisition and
: �, Improvement:.District No._10'of the City of.Lynvrood, as pro-. <
posed in Reso.lution ivTo. 1005, has been duly,had.and rio :
protests or �objections were-filed or' and �
' �-tiVHEREAS, by resolution entered upon tY:e minut.es,�
- this:.Council has.determined that the written consent of the �
• owners of more than.a majority in area.of the lands in the -
, Districb subject to reassessmerit to, the proposed refunding
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and reassessment ha's been filed, and this Council has ac-
, quired,Jizrisdiction t'o proceed with such refundin� and re-
,. , assessment: ..." � . , •, .
- . ` "' THEREFORE, the,City Council of tHe City of. ,
Lynwood, California, does hereby resolqe, determine and '
: : order "as follovrs s .
" . Section l. That the public interest, convanience,�_'
, and necess.ity reqizire the refunding of,the indebtednesa of
Acquisition and Improvement District No.�IO of the City of .
' Lynwood, and the ref`unding of such indebtedness under the
y f �.Assessment B'ond Refunding of.1933, as.amend.ed, and the_, .-.,,
levy .of a reassessment therefor, as proposed. in said Resolu-
� � tion No. 1005, are hereby�ordered.'Reference is hereby made
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' to said Resolution No.�1005 for��thePtotal amount of the out- ,
_ <t. , . �
�.. ' .., ,,, .„ �, •:
-. �standing indebtedness of,,th'e District, the amount of•'principal
. . .�r, , . - . .. , - �'�. . ,
� ,� of bonds'inoluded and the amount of due and unpaid-'
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���� � ��� '; '•' ' � '
interest coupons included"'tlierein,:and for aLl'other'particulars.
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� ��7i , ' ,; . ; , � � � . � � - - �
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. - )� . � ' Y . . ; . . . � .. . . . �. �• � .
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- 5'ec.`2.��That'the t'otal`maximum principal amount
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for which a reassessment shall.be levied is the sum of
forty-five thousand, six hundred nine and ten hundredths „
dollars ("�p'45,609.10). .
Sec. 3. That the City En�ineer of the City of
� Lynwood is hereby directed to �prepare a diagram of the
property included within the District upon which the said
reassessmerit shall be levied, iri accordance with said act;
and when said diagram is�completed, the Superintendent of
Streets of the City of Lyn�vood is hereby directed to and
� shall proceed to make the reassessment in accordance vrith
the provisions of said,act. . ,
' , ADOPTED, SIGNED AND APPROVED this llth day of
�� :
';' Ootober, 1937. ,
• � ' � ��
— , = ' P�Iayor o£ the City of Lynwood,
, . California�.
' Atte'st
T � ,
Clerk o t e tg of Lynwood, _
California.
�SEAL) . , . . � .
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) SS. '
CITY OF LYNMOOD )
�I, R. 1V. ANDERSON, Clerk of the City of Lynwood,.
California, do hereby certify that the foregoing resoliztion
was duly adopted•at a meeting of the Council of said city
duly held on the lltyl_ day of October, 1937, by the follow-
ing vote, to Nlltt
�'. .,_ _.,_ :.�._ _. . , � . . . . . . . ... �. ..:,:.f...
Ayes: Councilmen�Lake, Neyer, Nat3on", Sriyder
and Boster. .
' � ' Noes: Councilman None. •
� � � J�bsent: Councilman None. --� .
<, �,: '
� ,
� Clerk the City of L nwood,�
- Qalifornia.
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. ( SF�1L )_