HomeMy Public PortalAbout563 (09-11-28) _ ;; �
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�ESO�UlION TTO. ,563. .
F! R�SOLUTIOiJ OF THE CIT`? COU! CII,"
Or TH� CITY OF ZYNiSCOD ,C_4LI1+'0;11Ih,
�ELATIIRG r!'0 T??� ISSUI��iCE Or' STR�'�T �vTP�?OV�IE�:I�I^t
BONDS PURSUHNT TO F.ESOLUTION Or INTEl�TTI011 idUP1BER .d7?
. D�T1:Fn,4IT?ING TS3'r; A�'��IOTfi?T OF UidPfiID ASS�SSiaN:NTS, PR�SC:RIBIidG
Tii� r�PdOL�?Iid�,lIOPTS OF �LTCH BOP?D.�', &rdD ?BOVIDIrTG �OR TE�IR
ISSU�JCE.
�"Fi3�:RE�S, pursuant to ststute, notice of
filing list of unpaid assetitiments v�as duly given in the
manner and form required by lai•r, that the 17arrsnt,
Assessment and Diagram recorded on the lOth day of July
1928, for the work and improvement mede by CITY �NGINEER
• under that certain contract awarded to J snd P Crisl;ich
on the lOth day of May 19u8, �n iEt�i1Q�700D, i1fORT0E1 & O1HER
STREETS in said City,and thst said iVarrant.;; Asse�sment and
Diagram were returned te ±'�e Street Supe'rin�te�:deilt of
Streete, together with n �*�ribtex: �tatement of all payments
received u�on the said assessment ,and after the full
expirstion of Thirty (30) full daye.£rom the date �f
, of suid warrant, the said Street Supe duly made
out and �i'!ed �vith the City Clerk of the said City of
Zz'_`1'AOOD s complete li�+, o£ vll asse�����=nts �a��aid upon
- �he said assess�ent; wkieh list is no�J on file on the
Office of the city Clerk of ssid �ity, no�v upon e,vidence
shor�n this CITY COtiNCIL determines that the assessments
therein mentioned �vere then unpaid, tl total aggregate
thereof being �he �um of,
_ P:IGHT THOUS�,1VD.r1VD NI11�TY-OIQE SOZZk:RS,.and68�106 .
(�8,09I.58) Dollars, and that assessments nur.ibered
(IZO P1iYei�idTS nEC�:IVED SII�TC'r; FI'?5T LIST)
AGGREGATING
and�100 (.'�' ) Dollars, ar�1 no others have since
been paid, leaving a balar�ce jue on account o£ said un-
paid aesestmente of EIGHT TF_OUSIudD ��;D PtI2dETY-O�Ty' DOZS,r_RS
and 68�100(�8091,68)Dollare,
" and ssifl 1is+ of aesessments unpoi�d filed by the Streot
Superintendeiit, a� afore�aid;�a�pesring in all respects
complete aaid aorrect a�ter excepting and deductin�,t'r�e�e-
from the assessments paid since the filin� thereof,
as hereinabove set forth. i
Reference is hereby made to ??esolution of Irite:�tion
TJumber a74 of tre CITY COU?1CII, 0�' TH� CITY 0�' Ll'P+FJOOD
passed on the 13th day of lIarch 1928, �or a complete
description of the �vork berein mentioned and tojthe list of
uupaid asseswments filed as ab,���e,noted fer the.assessment
unpaid. '
APTD nH�r�6S, interested pereons were notified ir� the
� r�anner required by lati: - �o ax�'pear before the CITf' CJ�TCIL
of the Cit� r�f ZSrnv+ood,California, in i;he Council
Chamber of the Cit� uall i� the ssid City, at the hour of
8 o'clock Y.i1. the llth day �f September 1928, �izd show
cause �TM�hy bonds :�lzould not be issued on the secu of
� tne unpaid assessments sho��,m of Raid Str�et Superintendents
lists, and
'tYHE3�6S, notiee �ras dul3 given in the manner and
fortn required Uy la�'� that serisl bonds to reprelsent unbaid
aseessments, bea interest at the rate of Selv�n (7�)
per cent per annum «ill be issued hereunder in +he manner
provided in the "I�provement Bond det of 1915" the la�t
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ins of Rrhich bonds t+ill mature �ine ( 9) years
from the 2nd day,of July ne�t succeedin� ten (ld) months
from their 3ete.
�nd all interested persons havin� appear�d bai'ore
this CITY COCTP?CIL and h�ving been given full opportunity
to eho�� eause e�hy �onds �hould not be i�sued upon tne
• security of the ump�id ��tietisminte sho�vn on the's�id list,
and s�ll objection:> uresented hadin� been heard and considered.
I�?Ok'7 B� IT R�°O�VED, that the ssid CITY COUl1CIL
does hereby iind and deterr�in�,that no c&use hr�s been �ho�vn
vrhy b�nds should not be issued upon the �ecurity �t the
un�aid�',assesw�ents, �nd does hor•eby overrule all objections
therein, and c��ee 'r�ereby direct the issuance o£ said bonds
end `ur`her,
BE IT ��SOLV�D,AS FCZ�0�7S, that bonds ahall be issued
upon the �ucurit�� of said unpaid assessments to said �mount ,
of EIG�T THOUS2?D ::Td� NIi�?�TY- ONE I7J���BS snd 58f100
and 5?8,091.68 . Dollsrs.
The ssid bonds �hall be
(20) in number and shall be dated Septeraber llth 1928,
snd bear interest at the rate of l7) per cent per annum, and
the denor�ination:: of said bands and the date of Lhe resgective �
mai;uritie� t'r.ereof, ehall be asc foll�ws:
SE�I�,S "�iv`L '_"•i?_':i.�±'._,° �viGuiil DAtr^: OF 21i_'vTT
1 yJOO 1930
2 309.16 1930
3 500.00 1931
4 309.16 19�1
. .' 5 50D 500.00 1932 :
6 309.16 1932
7 � 500.00 „ 1933
8 309.16 1933
9 500.00 1934
10 369.16 1934
11 500.00 1935
12 309.16 1935
13 �00.00 1936
14 309.16 � 1936 �
15 . 500.00 1937
16 . 309'.l0 • 1937
17 500.00 1938
� 18 . 309.16 1938
19 500.00 1939
20 309.24 1939
The first c�upons of interest ehali be for. inter��t i.
from hugnst 21 1928 to Jan 2 1930, and the seaeral counons there
after shali'each be Yer the semi-annus.l interest, and
BL IT "URTHE� uESOLVED, that signeture of tne Treauurer
oi thn �aid Cit�= up�n the c�upons attached to- t'rr�- said: Bor.aU
shall be lithographed or prir.ted �ignature in plsce oi the
signature by hand, and �
B� I� E"J�'R �,EBQZT,��.�, t:�at Lhe Cit� Clerk of'tlie eaid
Cit� of L�nti:�ood be, and he i� here-by authorized and directed to
deliver fort�lt�tith the Bonds hereinbefore enumerated to the
Iviunicipal �ond Co., Assignee of theContractor; ir� �&i;isfaction of
the balance due upon it� ssses�raent ar•cl Evarrsrt.
I hereby certify that the foregoing �esolution was
duly and regularl5* pas�ed by the City Cowlcil ,
of L'he City of Z,,�n�ood at a regular meetin� o£ the esid
Council,
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Y:eld �n the _lltn d,�y'of September 1928; �y the follov✓ing v�te to-�eit;
� AY�S: T�'US:•I�;�' Tdreedy; ;., Skel.ton;� Anders�n, . Greenamyer,!U�urr�y .
NO�S : NOi�?� . ,
PB�E11T: 'i?OPdi.. , .
. H:T�I. PdURR�Y � _
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°. A'PTEST " ' , ,
. PS.�f. Gildpman
. pity . C�erk.
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