HomeMy Public PortalAbout1022 (11-16-37) , , ._ . � ' ..
„ " , RES�LZTTION_P?o. 1022 . � '
' RESOLIITION•OF THE CITY COIIPICIL OF THE CITY
�� OF LYNIVOOD, GALIFORN?A, AWARDING CERTAIN • . r,
REFiTPdDING: BONDS TO TIiE Pi7RCHASER THEREOF.
. : :NHEREAS, proceedings are pending the re-
� _� funding of�the.indebtedness of Acquisition and Improve�- `•
,' ment Dist'ricte Nos. 6, 9 and 10 of the Cit,y of Lynwood,
' � Californ'ia; a . , . ,
. - V]HEREAS, Morrison Bond �Company has this�date ,
o , •
filed an offer t'o purchase certain of •the refunding
,' bonds to be,issued in such proceedings: " �
` NOUI, •Ti�REFORE",' the City Council of the City °
' ,:' ' _.._ . , , .
of'Lynwood.; Califorriia;'does, hereby resolve and deter- : •
,
_ mine as follows e, ..: _ ,___. . . , .. . _.; . - ._� _.�
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� SEGTION 1. Tl�iat , :the offer of..'said Norrison, -
Bond Company to purchase certain,of the.refunding bonds
to be issue'd,in the refunding of.;the 'indebtedness of . •-
Acquisition and Improvement Districts Nos'. 6, 9 and.10 • =
� of the City.of Lynwo.od, be and it is hereby accepted,
�' and 'said,.bonds described'in said offer are hereb,y sold ..
' ,to said Morrison Bond Company.upon the•terms stated iri
. :: , - . .
-: said offer,,; and..said bonds of each of said districts
" shall be delivered to said Norrison Bond Company if, when
and as'issued',.with the approying opinion of 0'Melveny, ✓` _
, . Tuller`& Myera, upon payment of. the purchase price there-
,.. ' for stated in said offer. `
�"`"�...��.`'
,,.�- � r� <��� ADOPTED, SI3NED AND'APPROVED thi"s l6th day of
e'r' � '
� � . �, 1937,. � '.
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� �. , �, �'� _"_--� � ' May �o � he : y : o �ynwood, .
,.'�`'' � California.
� .
'�'��' �T �Gi.ty,Clerk , of the, City of... ; ',`.: `'
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,.4 � � � .Ca3ifornia., .
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. STATE OF CALIFORNIA (
COUNTY OF LOS ANGELES : SS.
� CI'I'Y OF LYN�NOOD )
I, R. W. AATDERSON, City Clerk of the City of
Lynwood, do hereby certify that the�foregoing res'olution
. was duly adopted b,y the City Council of the City.of
Lynwood at its regular meeting held on the 16tn day of
2�TOVember, 1937, b,y the following vote to wit:
AYES: COUNCILMEN Lake, Meyer, 8nyder andBoster.
' NOES:. None.
„w~„`�.0 � . � , �
;� �,�` � :. AHSENT: �IINCILMAN Nation.
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; T � '.; �;:`' _ y er o t e i y o �ynwood,
' '_ �(SEAL) �r,� California.
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