HomeMy Public PortalAbout1056 (02-15-38) , ., .
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`. . RESOLUTION, N0. 1056 :., .. � .' '
RESUE�UTION OF' THE CIT.Y COUNCIL OE THE
CITY OF LYN<<JOOD, CAZIP'ORNIA, ORDERING
. T�lE REFUNllING.OF THE SNDEBTEDNESS OF,-
, AC�UISITION AND IMPROVEIl�PI^1 DISTRICT. :
� � N�. 8 OF SAID CITY'AND THE iVIAKING .OF ,'
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' ' - ` A REASSES3MENT THEREFOR. , '
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'+ ` , . '' ' , ' WHEREAS;' the.hearing of objections and•protests . .'
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.. � to the rePunding'"of the indebtedness of Acquisition and
Improvement District No: 8 of,the�-City of Lynwood, as
' �•• 'proposed in Resolution No: 1042, has been duly;had and °
' no protests�or'ob.jecti,ons"were"file�d, or made; and : ; :
: tPJHEHEAS, .by, re.solution entered, upon the . minutes;
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, this Council has deterinined° tnat the� `written conserit of tha
- ownars of more than a majority,9in° area of �the lands in the
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District�subject to,.reassessment to the proposed:refunding .
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.,. � �_. _._ _ A. sessment has been filed, and this Council has ac-
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,. quired j.urisdiction to proceedw;itih such.refuridino and.. '.
'� reasse.ssment: � : � � . , . �
' : VOW,� THEREFORE, the City Council of the City of _
�� � Lynwood, California, does hereby resolve; determine and � °
� order as follows;, . , -
Sec.tion 1, That the . public'iriterest,,.convenience-,. '
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. • and necessit;y require the refunding of the' indebtedness of ••.
` , Acquisition and Improvement Distri'ct No. 8 of'..:the Ci�ty of -
Lynwood,and the refundin� of' such indebtedness under the
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' Assessment Bond Refunding Act o£ 1933,`as amended,,;�and ,the�,;'
� levy of a reassessment therefor, as proposed 3n,said Resolu-::
tion Pdo. 1042,: are hereby ordered. Reference' hereb'y made
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� to said,Resolution No..1042 for•the total amount �of .the out- '
- �• stariding indebtedness of the.11istrict, the amount of principal ..
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of bonds included therein, and the amount of due and-unpaid
interest.coupons included therein, and for all other particu- '
lars.
Section 2. That the total maximum principal amount �
for which a reassessment shall be levied is the sum of one
hundred thousand four hund'red three and eightj*-seven hundrsdths .
dollars (�100,403.87).
Section 3. That the City Engineer of the City of, .
Lynwood is hereby directed to �repare a diagram of the prop-
erty included within the L'istrict upon.which the said re-
assessmsnt shall be levied, in accordance with said Act,
and when said diagram is completed the Superintendent of
Streets of the City of Lynwood is hereby directed to and
shall proceed to make the reassessment in accordance with
the provisions of said Act. �
.,�-'�'"`"�'"° ADOPTED, SIGNCD AND APPROVED this 15th .day of
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f ,,,�Eebruary ; 1938. :
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t-;'�.. ,�� �*y .
�? � �� h Mayor of the Cit�, of Lynwood,
` " � California.
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Attest � � : , --�: � � r �.,
,//� J� j ,. �
� ' �' � // (/ �!% � `^ �l/Lr.Gf�/a��sr�yi / � ... � . . � .
Clerk of the City of Lymrrood, _
. Cal,ifor.nia: _ , �
(SEAL) . .
, 5'I'ATE OF, CALIFUR]'dIA )
COUNTY Or LOS AiVG'EL�S ) SS.
CITY OF LYNN100D )
-' -. I, R. W, ANDr�RSON, Clerk of the City..of. Lynw_ood_, .._
�;�..�-*�_,,. California, do hereby certify that the foregoing resolution
�� ,.was duly adopted at a meeting of the Council of sald city
° L; '�� "•dul;� held on the l� h day of February, 1938, by the follow-
"�� ing.vote, to wit;,
P''�- c ^.�' ..- /� .
!�>� w' r ' �� Ayes: councilmen Lake Ddeyer, Nation, Snyder
�.,,. � and �oster.
% � Noes: Councilmen None.
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' �,�: ' �^. Absent: Councilmen None, r� � �.
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' Clerk of the City of Lynwood,.
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.' .. (SEAL)
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