The URL can be used to link to this page

Home My Public Portal About1025 (11-30-37) ' � R�SOLUTION"cNO. 1025 • ~• ,' RESOLUTION ACCEPTING O:FER OF'BANIf�'RS LIFE , , `:CO�PAI�IY OF DES Tv10INES,' IONJA, FOR .TFE PAYMENT ' ,� . AND�QR SALE OF SONDS OF ACQUISITION AND.IM- PROVL6"iENT DISTRICT N0. 10 OF THE CITY'OF' . I,YNVyOQD; CALIr ORNIA, IN REb�UNDING THE, IN- ` � DEBTEDNESS OF,SAID DISTRICT. • � ' ; ° ° , iNi3EREAS, BAPZKERS .LIFE- COT�tPANY of..DES MOINES, IO'NA, . . ,. , is the-owner of �41,917:74 par.val'ue,principaT of, the bonds`� -� of Acquisition and Improve�ient District No: TO of the City , . , . , -- of Lynwood,•"and of certain due.and unpaid"interest coupons. • �' thereof', be3ng all of the outstanding indebtedness of said ' �Dist'rict except certain'coupons,owned'by the City of Lyntivood;` '.0 and,_ � : � • VJHEREAS, said.Compariy has. this day pre.sented . to the ' -� Gity of Lynwood-an offer,to sell.and deliver.all oP said bonds. ..,•' ;° and coupons'to the Gity the purpose refund- - „„_ _... ing_ the .indebtednese of said, Distric_t_ and said, Cornpany is to . - - be paid for said bonds and coupons the price stated in said' " • ,, . . ° . - : - offer; and�this City Council is to sell the refunding bonds • , for cash pay said bondholder,s in•cash: , - , � N04N; THEREFOR�, the City Council of the.C,ity of . . , � . .. : :, " Lynwood,does hereby resolve; and order,as follows: "; •��', `�Sectiori�l. That the.offer of said Company be and .. . , . . e . . . . . . . ��, , . , . . � it is hereby,a�ccepted...•.,,,� . �., . � � ,. . ., . . . � � . +r . . . . r : �. Secti'on)'2'sr.That the =refunding li'onds be sol� for . ' ca�sh•'arid that.sa'i:d bondholder.s• be pa,i"d�in'cash at the price . .. r: .� sta�ted in said offer �and that�.said�'�offer_�and this acceptance ° � thereof shall con'stitute a contract. , �. .x� �;,.:: . .. ., . ,,°. , �1�> �. , "' : � w "'� ADOPTED, SSGNED AND APPFcOVED this 30th day of Novem- . s. . ` . . , � "T _ ber; .`1937.:: . , ' . , ' � , +� C � _ • � ( o r:h` L )., � ° , .' a " � , _ . �' � ' . Mayor o he� � ' y� � oP Lynw � d, � � . ATTEST. . �'' � �, � . California. ' � . ._ � / ' '. City.Clerk o the. City of LynvJOOd _ ' � and.Clerk of the City Council"thereof. - ' ' � . . . . .. . ... _ . .. � . . ..� . 4• . . . ' , - . ' STATE OF CALI-FORNIA .: .)' , � , COUNTY OF LOS ANGELES. ( .5�. , CITY OF LYNV'iOQD , ' ,' ) . , . ' . ,. , : . . , ,. � . - ;. ``I, R. W::�ANDERSON, City Clerk of .the,City of '. _'• Lynwood,and Clerk of the City Council thereof, do hereby ,, . aertify that the above,and foregoing resoTution'was � � �adopted by `the. City Council of tlie City�'of Lyntivood at its regular adjourned meeting duly'held.on the 30th day,of , ,. � .. . ., , . , , �., ., _ November, 1937, by the, yote,. to.w,it: ' . . „ AY'ES: Councilmen Id6yer., Nation,; Sn der and'"Lake ,' � � . . � . , P � �' s . _ n ., . - . . . � , ... , � . . � ��Y ` i! rs: �`t '� . � '. . . - . � . . �� : . . �'i � �iy � �: �, ;r? . . .. '., ..."�. :.. ' ' ,�.� � 4�. ., ? ."+ �.. q _ �.. ' . � . . . . . . � S . ✓.' ' h t� �t � � ) a ,5 �� r�i " . . . . . . .. . . ' , ,.:a � . '. � t r'� L � r ,:• o { v �,, . �i ' s.''. .�'.." «� ,4,..r_°: _ . • NOES: Councilmen None � '.. . . 5 a �. ', .. . .xr . e ., � , ..- .. � ,r,u�,3.t,i.� ' . . . ' � " ',: . ' .', i `' . . _ ' . � . .. �' �" ;'7 . :' , .. -. . . ' . . r ;' , y . . .,'��. ABSENT:, ' Councilxnen`Boste'r''"`�" " ' Y ' �" ' ' ' . . . ' 4 .'� , �.. ,� � . ' . . . . " . , . .� . � . � . . . . � . ... , . . . . _ . �i - . � . . ' `L. . - . �_ . . . . . . " . . . . q f�y . . ' 4 � . . . . . . .. . . � , .. �l�.a W X � � . �.. . . . � ;� � � . � � . � . . . . ,C. . � , .. c r . , .. � � ��/ .. � � � ,,, - � � . . . � / U . '// JJ , . . . . . . �� .• N ..e '.� , 0.. .. �� _ . --/ _�`�/;! � -� /1—fI % Y . , , � .�>- .._ Qity"Clerk" of the City •of ;Lynwood � : ' ' _ `�e- . -. � • and Clerk of"-the City Council : _ ' .(SEAL') . ' thereof. . � ,� .. . � . ' . .: s `- . , - ; � , : - , " `. - :. ..y - ,. . �' ,- . . . . . . . . . . . , . . . - .. . .. . 2. . . '. - . .