HomeMy Public PortalAbout124 (09-19-23) ; � , ` . _ . ,, .
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, . : RESOLUTTON NO`.�124 ' ..
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'"'A �RESOLUTION OF TFiE BOAR� �OF TRUSTEES. OF, THE. QITY. OF
- I,YN[VOOD, CA�Ir^0?2NI�1, REZATITSG T0, THE, ISSUAIvCE OF $TREET ,
IMPROVIIJIENT BONDS 'PIJRSiJANT .TO 'RESOI,UTION OP., ITv'TEAtTION .� .
� N0. 52,,pETFRMINIPvG THE AIvqOtTNT OF�UNFAID ASSESSr:7EP?TS, ' � �
' PRESCRIBING TAE DENOMII��1TIOld OF SUCH BOhDS AIuD PROVI=
` DING FOR THEIR,ISSUAI�CE_APTD. SALE. ; '
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• ��R?iEREA5, pursuant' to -statute, notice of filing list of unpaid •
assessments were duly•given in the manner and form required by law, ,
` that ,the :warrant;' a'ssessment and diagram'`recorded on the 12th day o� -.
•'July:, 1923,•, for the work and improvement made by 'N.. E. `HaTl, under that ..
'..oertain cont'ract.aviarded to him on the,28th day o3 February, 1923, 3or -
the improvement,"of oertain portions of Beechwood Avenue; Sanborn •
.' Avenue,� I�Zulford Avenue;, Platt Avenue, .tYie North Roadway of Fernwood
Avenue,,;Sessions Street'and Copeland,Street in the City,of Zynwood,
. :CaTif'ornia;,and that said warrant, assessment.and,diagram were:re- ..
, turned to the Street Superintendent of said City; and that the re-° :
`. turn was recorded.by,him on the 17th day of July, 1923; and.aYter the ,..�,
full expiration of thirty : .(30) days Prom the date of the recording of
� said warrant the said,Street Superintendent duly`made.and filed with .
the City Clerk of said City,of:Zynwood, a complete.'1''ist of all assess-.,
�� �ments unpaid�upon said assessment,'which list is how.on file in tfie
ofYioe of tlze City Clerk 'of said- City. .:Upon evidence shown -this" ..
- Board determines,that the assessm'ents thereon mentioned ivere then un-
,' .; paid,�the total'aggregate'thereo3 being.the sum of �33,370:`Z3, and.,- .,
that.assessments'numtiered"9, 24, 28, :57, 39, 61, 137, 153, and 186,
��"aggregating �p2;002.21, and no°others° since beem paid,; and that -,� :
there now remains unpaid the sum of ��i1,368.02 upon ,the assessmemts -
.:shown upon "said list,'other than those hereinab as .
having been paid. . � - . .._: .
Reference,.is hereby made to Resolution oY.Intention..No; 52 oY the
,'Board o�'� Trustees of the �ity o£; I;ynwood, ,passed the 27th aay of
"`- ~ De.cember; 1922; 3or.a eomplete�description of the work herein menti
� �p'�WHEREAS, interested�peraons were notified in the manner re-.
quired by law to app before tYie Board of Trustees of the said City
� •' of 'Lynwood�, California, .in the C.oune'i1 .Chamber thereof at the hour oY
8:00 o'olock P. Ir4. oY 'Nednesday, th,e 19th day oY 5eptember, 1923', and •
�show. cause.,why bonds should not be- issued• upon, the _security of the v.n- '
' . paid asssssments shown on said�5treet Superintendent list; and `
' 1�HEREAS, notice was duly given in the manrier and form.required by ,
law°that serial bonds to represent.unpaid assessments and bear interest �.
�% at'the rate of sevan per cent per annum,.will,be issued hereunder in
the manner,provided in the "Improvement Bond net oY 1915" the last in-
stallment o� ivhich bonds sha11 mature nine years �rom the 2nd day oi,
, • Julyr,ne�tw.succ.eeding nine months. from their_`,date; , ; �, .
And all interested persons having appeared before this Board oi
, Trustees'and having been given full opportunity to show cause vrhy
I, °:bonds should,not be issued upon the security of the_unpaid assessments
` shown on said list, and a11 objec.tions presented having been_heard
_ ' � and considered�' ` ., , _.. , .. .
,."A�OW, BE,IT_'RESOLVED, that the Board of ,Trustees does he:reby find �. -
� and;determine•that no eaiise has been shown why bonds should not be'
,�.`.� issued upon the security of saidi�unpaid,assessments.and.does hereby'� ,
`•. overrule aTl,ob,jections thereto,;and does,hereby direct the issuanoe ,�. �
� � .03 said bonds; and `further, ` ". - ° . ' '.
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BE IT RESOLVED as Yollows: That bonds shall be issued upon'the
seourity of the said unpaid assessments to said amount of ,�31,368.02.
The said bonds shall be dated Septe�ber 19th, 1923, and bear
interest from August 20th, 1923, at the rate o� seven per cent per
annum; and the denominations of said bond and the dates oY the res-
pective maturities thereof, shall be as follows: �
Bond No. - Amount Date of Maturity
� = 1 �"500.00 July 2, 1924
2 500.00 do
3 500.00 do
4 500.00 do ' _
5 . 500.00 � do
6 100.00 do
7 '100.00 do
8 . , 100.00 do
g 100.00 do
10 100.00 do
11 136.80 do
12 �500:00 July 2, 1925
13 500.00 . - do
14 500.00 do
15 500.00 do .
16 500:00 do
1� , 100.00 do
18 100.00 do '
19 � 100.00 do
20 100.00 - do
21. 100.00 do .
22 136.80 do
23 , �p500.00 July 2, 1926
24 500.00 do
85 500.00 , do
26 500.00 . do
27 500.00 do
28 � 100.00 do
29 100.00 � do
30 100.00 do
31 100.00 do
32 100.00 do
33 136.80 do
34 �500.00 July 2, 1927 �
� 500.00 do
36 500.00 do
3 � 500.00 do
38 , . 500.00 do,
39 .- _ . 100:00 .,� do
40 100.00 d�
41 .100.00 do
4 2 100:00 do
43 . .T00.00 do
44 136.80, . do
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Bond 160., ;'. Amount , Date of NIaturit';� - -
, 45 , �p500.00 , , ,. � July 2; �,1928'
° ; .4'6, -;. ; : ' . 500.00 . �_ . ' do .
� ,_ . 47• . 500..00 do
48 ,, 500.00 . , dp.
49 ' - . ., 500.-00 ' a •. ,
, 50 • � 100:00 ' do .' .
. . ;' 51� ,. , . 100:00 .. '' ` ''do '
52., 100:00 do
, .. , 53 ; .. .. - T00:00 do
54 ., . , 100:00 � do
a ' 55 136.80 , . do
� 66 . _ . . , � ' �500:00 , July 2; 1929 .
, `57 500.00 . " _ do . � . - ,
_58 " � ' 500�00 do . . ".
� °5 ° , 500.00 do .
b - , 500.00 ; ao .
� , 61 . 100.00 . : . � do -
' 62 , � 100.00 - , do
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; -,63 : , • ,: .100:.00 . , , ,,,, go
-, . 64 -... _ 100:00 - . � .do
b5 ` . 100.00 . . do _ ,
=66 . 136.80, : , do .
_.. _ . ,. � ; . . , �500:00 ;:' . ' . : ,
July 2; 1930,,.
. . 6$ . 500.:00 � do
69 . . 500:00. _ .do
" 70 '. 500:00, , � � do
.. ;: 71 , , .. , , `,' : �: 500: 0.0' ' . _ ._ .. -, do _ . ° , =-
� . 72 100:00 .. _ a
• 73� ' . 100:D0- t do .
.. ,74. ,l'00:00 `, do : .
75 . . ' �., 100:00 : _�.. „ .do
76 ` `" 100:00 • do - .
72 136.80., ,do
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78 : ' ' '. �500.00 . . < F :.July -2 1931
: .. � : 79 '..: . ,- , . 500:00 � . . � • �, do �
80 . '. ` 500.00.. do . _ " .
81 . . 500.00 do
' 82 500.00 , - - do ; �
83 , - <. . 100.00 do
84 ` . :.. 100..00 , ' do �
: 85 . , 100: 00 . , . . •: "' do .
86 100.00 . . e .
87 .. 100.00. : - do ..
g8 136.80,: -. do
i ._ : , . . .
, ... 89 .�:.w._.� '_,, _,_ .:.�500.00� .: .; . ; :_'_ -July_2 1932 •, � �
�. 90 500.00 do
91 500.00 do
' 92 ' 500.00 . do . .
,' 93 .. . '500:00 ` '� do ' �
94 100:00 .. do
. . 95 . _ 100:00 , do �
� .96 , � T00.:00 ,do ,
.`,,. ., 97 ; . I00.00 : . do ..
98 ' '. 100.00 ' do .
. '. .. ' 99 : ". " : ,136:80 `• do ,. ,
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• Bond �o. Amount Date oY Bdaturit� •
100 �500:00 �July 2, 1933
101 500:00 do '
' 102 500.00 do ,
• . 103 500.00 ' do
104 500.00 do .
105 100.00 do
106 100.00 do
107 ' 100.00 do
108 100.00 do
109 100.00 do
110 136.82 do '
BE IT FURTHFR RESOI,VED that the signature of the Treasurer of
said �ity upon the coupons attached to the said bonds shall be a
�lithographed signature in place of a signature by hand; and
BE IT ALSO FURTHER RESOLVED that sealed proposals for the pur-
� chase oY said bonds will be'received up to the 3rd day of Gcstober,
1923, at 8:00 o'elock P. �.; whereupon s.aid bands will be sold to
the highest bi dder there3or, but for not le.ss than par and accrued
interest.
The City Clerk is hereby direoted to advertise for bids there-
3or, by publishing a notice once a week fpr two (2) wseks in the
I,ynwood Tribune, a weekly newspaper of general circulation published
�,nd oirculatad in the,City of Lynwood, CaliPornia.
I HEREBY CERTIFY that the Yoregoing Resolution was duly and
I regularly passed by the Board oY Trustees of the City ot I,ynwood at
a regnlar meeting, of said board, held on the 19th day of September,
1923. '
AYES: Trustees Merrill, i�?illard, Downey, Anderson
N e . .
NOES• on
ABSENT: Trustee �enzel. �
I,. C. Anderson
" reei en o he oar o3 �
Trustees of the City oP I,yntivood,
California.
ATTEST: ,
Fred E. V7elch
i y er . �