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Home My Public Portal About329 (02-01-27) - • , ; , ; . _ . .; � , . ; , , . ?.� --;� . , -. r<„ . , . , . _. . , , _. : ; .- . . ,. , .;. .. f ... . , , , � : , . • RESOLUTIOP? N0. 329 ; ., ' . , .,; .,' A RESOLUTIOi�� GF ;THE BOt'1RD OF: TRUSTEES OF TH� ^ITY OF � �'. . LYT'�'d00D; CAI,I�'ORIlTIA; REI,ATIS�G TO THE ISSi7nTvTCE OF "., � " STREET TfaIP'rtOVr.�viET�T BG11DS PURSUe�iv'1.TO R'i�',SOiUTIOTu 0'r' .' . INTEITTION P1UI�ZBER 296, DETERIi'IIT?ING THE AP.ZOTJI\TT Or UNPAID ` . � . ,ASSESS�I�.'P?T. PR�S,CRIBII�?G iH� DETv`OIVIINATIONS OP.St7CH, _ ' � 330T?�S AND PROVIDII�T.G FOR T?iEIR ISSUASSCE. - , ' `J,rfiEREAS',. pursuant to statute, notice of . filing list -of:unpaid • assessments was duly given in the manner and form required by 1aw,; that the Warrant, Assessment Diagrasn r.eeorded'on-the 5th day of ,-. January, 1926; for the work and. improvement made' by T�S. •A. and r. R.` � '" Hughes under that cErtain contract.awarded to them on the�22nd day ,of September,,,1926„ on Banniri� Avenue.in.said City, and that said ` Warrant, Assessment•arid Diagram �v:ere retur.ned to the Street Superin- tendent of Streets, together tivith, a written statement of.a11 payments � � received upon•the.said assessment, and after tkie'.full 'expiration of ;. twenty (20).full�days from the date �of•said warrant, the said �treet ; 5uperintendent duly made and �file.d vaith. the Cit�r Clerk of" said City' �. of Lynwood, a complete list of all assessments unpaid upori the said , assessment, which list•is noW on fi1e the.office., of the "ity �• Clsrk.of said City, now upon evidexice shown, this $oard of Trustees determines that the assessments therein mentionsd were then unp,aid, - the total aggregate tliereof being the�sum of ileven.Thousarid One ,„,. Hundred five : dolla,rs and sixty_'four cent's (S,�1I105.64), and that ` assessments number 3, 8,'13, 15;.24 and p552.89 of I2� aggregat`ing °. Fifteen hundred-forty-six dol�lars and eight-one cents (,p1546.81)y and no other has since been paid, leavin� a•ba3ance due on account of said'unpaid' assESSments of nine. thousand five hundred fifty-eight dollars:and eighty=three,.cents (�9558.83), and said list of assess- : ments unpaid filed by..the Street Superi:ntendent,. as a�oresaid, appear- � � ing in all respects complete and correct after.exce�oting and deducting - '�therefrom the assessments paid since the fillin� t.iereof, as herein- above set Porth._ `.•:: . . .- . ',. Reference is hereby made to Resoliition of Intention Number 296" of the Board of Truatses oY the City of i,ynwood, passed on the I3,th,. ° day of July, 1926, for a eomplete.description of_the.work herein mentioned•, and to the 'list• of iznpaid .ass,essments fil�ed as above� noted, - for the assessments unpaid." - AND-AVHFREAS,�interested,persons,were in the.manner re-- ' quired by law to appear before.,the Board of Trustees of the Oity of Lynwood, California, in'the GounciT Chambor• of t�ie Ci�ty Hall in the said. City; at tne hour .of ,eight (8:00)� o`clock P. M. the 15th'day , ` of E'ebruary, 1927 and show,cause why,.bonds should not.be issued • •: upon` the°security of the unpaid aasessrnents shown ^on said"Street' ° Supsrintendent's list; and PJfiFREAS; riotiee was duly given in the mannsr and form required by law'that. serial �bonds to repre'sent u.npaid.assessr.ients bearing , interest, at the rate of seven (7)"per cent per annum will.be is.sued` �r.` -.,.• hereunder in the manner provided in the "Improvemsnt Bond��et of . . 1915", the last-inst'allment of which,'bonds will mature nine (9') � yeara.from the 2nd day of July next_succeeding teri (10)�moriths from ' their date.' " . � , , , . . ' � • And all interest,ed persons having appeared bofors this Board ` '".of Truste'es, and having been given full,.opportunity to show cause , . �. , � . . � �. � . , ' ' . � ' . . .e-� � .. . � -. --� . . ; . < , . . . �_ � . . . . ,, . . _ , , : ., , .. _ , . ,.. ,: , , . ., . . . , , ; � } ::� _ . , . , _ ., . . � �` _ , .why �bonds.shoizld'not be issued�upon the��security o'f.tne unpaid ' assessments shown on the-said list; and all objee;tions prssentsd �: ' having been heard:-and•considered. � " � ` - , � =� '.. � nOW,BF IT RESOLVFD,,that the Board of.'Trustees does hereby .: ' � --find and determine that "no". cause has been shown why, bonds -sYiould not .-'be issued upon-the'security of the unpaid asses'sment"s,.and does:°` � hereby overrule all�objections ther.eto, and does hereby direct t2ie .,,;., '. ..issuanee of said bonds,,,and further . ,. „ BE IT R�SGI,UED AS F.OLLOVJS, that bonds shall be issued.upon,the , 'secur the ,said` unpaid assessments to said.:arpount of Nine '" thousan$ five'hundred fifty-ei�ht'dollars and eighty-three cents � , .., . � , �9558. 8 . � - . , . , _. -. . . _ TYie said tionds shall_ be t�venty- (20) in numb'er, ."and shall be � dated' February,l5, 1927 and,bear interest,at the'rate of soven per cent ' (,7;0) :per annwn; _and the 'denominations: of said -b'onds arid the � . . � dates�of.the�rsspECtive':maturities thereof, sha11 tie as follows: . , .. . „ • , . ' Bond.l�o. � '' � Amourit . '. � Date: of P,4aturity 1 - �i500.00 . Jul'y 2 ;. 1928 . ,2 , , : `. 455.88� , ; ' '.' do � ' . , 3 . ' _ yP500.00 � � . July 2, 1929� :_ � ' ; 4 : , : ` . • .:, . . � . 455. 88. ..-, = . " .: : ; ' . ap _ . : :_ . _. - , .. . ' 5 � w500.00 - July 2, 1930 y. . . , .. . 455:n8 ao � . . : ;. .. , 7 ` �, , � �500. 00 , , ' . July 2,' 1931. ' , _ - 8„ , . . � , .. 455.88 do' . . .. , .9� r �" � q�500.00• � :: , . July 2,� ,1932 `: , 10 , " 455.88 " , _ ;do � , ,._ . . ... `ll . • ' ' . . -. �5'00.00 . ., ; '. . ' . July 2, ; 1933 °,' , . , �12. . ' � .. 455.88 . d 0 - . , .. ,, , . 13 • : ' ; ` . �500.00 '" ... " � -, . July'2, 1934 `. . : `. ' `' 14 ,. , .,, . : "455.88 ` _ . do , :. ^ 35 �P500.�00 July 2, 1935 . . ', 16 .� � ': 455.88' . , ` `' , . `do.: . 17 ,� � �500.00 . ' July 2, 1936 18 � • ° 455. 88 . do , . - ' �500.00 . . 19 July 2, 1927. , . . . . , .:20 ; . ,. ., ._ .. . ., ; ; � - ' �455.91 ` .: .__ ., ,.., - : ,. .; � .do . , 'TYie first coupon of interss't.sl7all"b.e�for interest,•from Janu-' ' _ ary 5th, .1927 to Ja.nuary :2, 1928.,:• and_the several' coupons_ ther,eafter �. - shall 'each be.Yor the.semi'-annual iiiter:est, and `.. . 4 � '' �B� IT rURTHER �RESOZU��,_ that ,the signatw° es of the Tre'asurer �' '� "' _ of,the'said.Cit� upon the coupons attached".to the,said bonds, shall ��be..litho,raphed or printed si-gnatures in place of'signatur,es by ,. .. hand, and ' : , � . • . . `".. . . .'. �,. . , , . , '.•, °' • BE IT FURTHER RFSOLVED,',that-the City .Clerk �oF the .said City ,, of Lynwood tie, and he is hereby authorized and,`directed to deliver. • forthwith the bonds hereinabov.e�.enumerated to.Elliot and Horno " Company, assignee of.the "Contractorl,' in satisfaction�of the balanee due upon its assessment and 4Varrant." � " 2.hereby certify that-the foregoing Rssolution was duly arid _` � regularly-passed by th"e.Board of Trustees of the"City of.Lynwood at � - , a regular meeting of:the said Board,.held on the ; ' by the following 'vote, -to-ivit:' _ AYES : , - � ' � ' . '. , NOE5: - , , , . ABSEt�T: � , ' ' , , .'' _ : . , ' :' ' , • � APProved . � „ ' . , ,, Presiden of ,_ he oard oY l,rus�- -_ , . _ �tees o:f the �ity oi''I,ynwood. • ATTEST:. . . , .. .. . .,. , . -' - CITY CI,t;,RIC.' - , . . ' ... � • '. , ,. � . �