HomeMy Public PortalAbout130 (09-26-23) . . .. . . � ' . . . . . . .. . .y �. . . ;
.. • � . .. .. �y:1`i''. � _ . ' . a . ' . .. . a � . . ^ . _ . .
. � . rrsozulzo� nTo. i3o. �
. . , A��SOLUTICN OF �THE BOA�7D OF 'PRUSlEES Ol+ TIiE CITY ..
, OF' LYP�!➢100D, � C�1I,I£ORIVTIII, REI,ATIP7�s TO TTiE ISSUI�.�CE
• OF STREET„ In?PROVF�I-�ED?T BOP�DS PTJRSUANT TO RESOLUTION
,. �F IItiTL+'Td^1I01V N0. 59, DETERI�ZINII�TG TI?.� 9P.40UTdT OF UN-
P�ID ASSESSIuEPTTS, PftESCRIEIiTCr, THE D�IlTONIIV�.4TIOA OI'
SUCrI BOl`IDS �PTD PROVIDID?G rOR THEIR ISSUAn?C� t1IQD
. - . Sf�E. . . . . .
� 4VI-IEREAS, 'pursuant to statute, notice of fiiing� 1ist. of unpaid :
`ass�ssments was.d.uly given in the manner and'form required,by law,
t'riat the-warrant, assessment and diagram.recorded.on the 2nd day
; o:C August, 1923, fbr the,yvork and improvement.made.by,4ti: E. Hall s �
_ under`that certain contract awarded to him on the 5th day oY ripril,.- .
: 192�,_for the iuiprovement of certain portions of Platt Avenue, '
4Valnut Avenue,.the north roadway o� rernwood fivenue, I3iroh Street,
Fir Street and Spruce Street in the City oi T,ynwond, Calizorrria, �
`�`, •'ar_d that said vrarrant, assessment and 'diagram were returned, to the
• Street Superintendent oS said City, and that-the roturn v✓as re- ..
corded by,him on.the 3rd day of �lugust, 1923; and aPter the £ull
oxpiratiori of thirty .(30)" days from the'date of the recording of ,.
., � said tvarrant the said atreet Supeririten'dent duly made ard liled �.
�with the City Clerk of said rity of a complsto Tist of
all asssssments unpaid upon said assessment, which list is now
�•.: ;> on file:in the office of C1'erk of said.City. Upon evidence,
�.� shown this Board determines that:the..assossments theroon mentioned °
, ti+iere .t,hen. unpaid„_ the. total ,aggregate_ .theroof _b.s_ing, the sum of
�'�»30,216.71, arid. that assessments numbered 94, 97 and'106, aggrega-
ting �28.75, and no others, have since been paid, and that there
-' now rema,ins unpaid the sum o�.;�30,187..96 upon the assessments.
shown.up'on s�id list`, other. than those.hereinabove last noted as '� '
having been paid. , . . �.
", „ • Reference is hereby made to Resolution of Intention PTO.-59 ,
. bf tl�ie Z3oard of Trustees of the City of Zynwood,, passed the` 17th.
� • day,,of Ja.nuary, 1923, Yor.a eomplete description"os the work herein �
' sentiorie'd. , , ,
� , `'�AIdD .'dHE??EAS, interested persons were notifi�ed in the manner
- , reauired by law to appear be�ore the i3oard of Trustees of :the said
'. City oi Lynwood,.California,:in the Council Chamber thereof at the. '
hcux• of 8:00 o'clock P. NI. 'of '�itednesday, the. 26th day of,,°September,'
• 1923 and,'show cause ivhy bonds.should not be issued upon.the.security.
- of the u.npz.id assessments sho�n�n on said Street Superintendent's.
. list; and • .
, . . , � ,
LdHERE�S; siotice was duly given in�the manner and form r�quirod
by.law that.serial bonds to reprss'ent unpaid assessments and:bear•
� :: . . •
interest at'the rate of seven per eent per a.nnum, ivill'be'issued '
hereunder in the manrer provi'dod in the "Improvement,Bond Act, of
1915", the last inst�ilmer_t -o% which bonds shall rnature,nine years .
� from the second day of July nsxt succaeding nine months from their
date:; - , .
i.rid all,interested persons having appeared before this Board
. of-Trustees and havina been �;ivon full.opportunity•to show cs,use.�
�vhy bon�s shoulc3.:not be issu.ed upon the s"ecurity of the unpaid -
. 'assossmer.ts s�iown on said 1ist, and a1L objections pr�sentod having
, bsen neard and considered; � ..
' �ROF7; BE' IT.BESOI,V�D; that t7ie Board of Trustees does hereby .
' . . �. ' .. . � . . � .. . � � � .� . . . . .. " . ' ... ., .
. . . " _ ' . ` . . � ... . . .. . . � � . . } . . . �
. Find and determins that no cause, has been,sho�vn ivkiy bonds should•. .
.not be, issu.ed upon the security' of , sa.id linpa,id assessments and: does
hsreby'overrule �ll objsctions thereto,,and does hereby .direet -'
the issuance_of;said bonds; and fizrther, .� ;
, �-BE IT R�SOLV�D, as follows: °That bonds ;shal�l, be-.issue'd_ upon�
� the security of the-said'unpaid assessments to said amount of
� - �' : '�30, 187.96. , , • . `
The said bonds.shall tie 1C0 in number, shall be dated Sept- ',
, ember 26th, 1923 and bear interest from Ssptember 4th,.1923 at „
`,` the rate of sev.en'per cant �er annumy.and. the denominations of . 'r
.
� said bonds and the dates of the.,respective i�aturities thereof,` .� �'
� sha1T be as followsr ' '
, � '�Bond 2do. ' ' , Airiount _ � Date of biaturity.: ;
- . ; 1�` ; , .-, , __ � . ` � �'. ,,�'500.00 July 2, 1924 ,
2 _. . . . . 500.D0 .. ap ,
� . m 3• ' .. 500.00. ' d ,., •
.; , � ,,. . . 500.00 , . �do
' _ 5. - ° ' , 500.00 ; .` do ` .
6 '. 100.00 . do �
� �: 7 , .. ^ T00.00.'. ' . • do
., .
.. . ioo.00 , , ao•. .
� 9 . , , � 100. 00 . , ` , do "... - -
:.,,,., . ` 10, .' ,.. _ 118.80 . : ` ; _ ' ' . do
' , _
,. ,
`11 . . ' �500.00 July 2, 1925
_
- � . � ;12 � , 500.00 • , . ; ..do
13 , 500.00 , � ' d° �
. .. . , . . , _ ,.. .
I,..-.. ' 14: . „ . 500.00 ` .• , dp '
' - 15 ; " : 500.00 . - • . > - . do .
. . 16 ' �; , � � • 100. 00 . � � ' , ' do ' _ , .:
��, . ; a' . 100.00' . :do; , �
� ' � 18 . ' ' ; . 100.00 . ,; ' �o ' ,
` : 19 .' . _ . 100. CO d ,
� : 20 ° . , 118.80_ � .� . • do ; .,
� �- � ` , •21 , ' ,` : ` . , �500.00 - � : �. - July 2, 192�6
22 _ 500:00 . . : . °:ao .. , . . .
" . ' 23 .'- _ , . . . " 5.00. G0 - , , do �`
• .' - , , 24 . .: : • . : ,: 500..00 , _ : do ' '. �.
, =,.25' • � . `' .. _. -500.00'.,,, .».;'. .` do - �
' '26' �100. 00 . - . � do
2'Z. ' . . .. � ` 100.00�; , , ao
28 . . ' 100:00 ' . do .
29 "• 100.00. . , . , do,
30 . ,, � . .118'.80 ' . do . ,
31, . . . �p500.00 , July 2`, y 1927
n . . 3 2 . .,. .. .,:, �._. , : , ., : . 500:00::,.-f � . . . ,�a . ,
` � . ., ' 500.-00 .,. , . . do .
. 34 500.00 ,ao•, .
; ',, .., . 35, ., : - • •. 500:D0 ' . :, ao
.,. �6 '. 100.00 do,� �
. '�s� ioo.00 , ao
-:., . �s ,. . ; _ • ioo.00.. ' - a :
�9 - _ . � 100.00 .. . do. , .
+• � . 40 . ; , '. 118.80 : . '. . . do
Bond No. . �lmount Date of �I�aturit�
'• 41 yp500.00 Ju1y 2, 1928
42 500.00 do
. 43 500.00 do
4� 500.00 do
45 500.00 • do
46 100.00 do
47 100.00 do
48 100.00. • do
4.g 100. 00 do
50 118.80 do
� 51 ' �500.00 . July 2, 1929
52 500.00 do
53 � 500.00 do
54 500.00 do'
55 500.00 do
56 100.00 do
5q _ , 100.00 . do
58 100.00 do
59 � 100.00 do
6p . 118.80 d°
61 ;�500.00 July 2, 1930
6� 500.G0 do
63 • 500.00 . .. do :
64 50G.G0 do
65 500.00 . do
66 100.00 do
6q 100.00 do
68 100.00 do
gg 100.00 do
qp ' . 118.80 do
�1 . �p500.00 July 2, 1931
q2 500.00 do
73 500.00 ' do
�4 500.00 do
., 75 - 500.00 do
76 100.00 do
7q 100.00 do
�g 100.00 do
, 79 100.00 � do .
80 118,80 do
81 w500.00 July 2, 1932
g2 � 500.00 do
83 5GG.U0 • � do
84 500.00 do
g5 500.00 do
86 100.00 do
87 . . . : , - 100.00 _ _ .., do
gg - 100.U0 do
gg 100.00 . do
gp 118.80 do
91 y?500.00 July 2, 1933
92 500.00 do
93 500.00 do
94 500.00 � do
95 500.OU do
96 100.00 do
97 � 100.OD ` do
� 98 , . 100.00 . do
9g , 100.00 do
100 118.76 do
. .. , ,,:
BE IT FURTHFR R�SOI,VED, that the signaturs of tho Treasuror
of said City upon the�coupons attache'd to the said bonds shall be
a lithographed signature in place-of a signature by hand; and
BE IT �lI�SO rURTHNR RESO�,V�D, that sealed proposals for the :
' purchase of said bonds ivill be'recoived up to the 17th day of .
(?etober, 1923, at 8:00 o'clock P. �., whereupon sai3 bonds arill
be eold to tho highest bidder therefor, but for not less than
par and accrued interest. �, �
The City Clerk is hereby direoted to advertise for bids
� therefor, by publishing a notico once a week for two �2) weeks
in the I,ynwood Tribuno; a weekly notivspaper of general circulation
publishod and circulated in the City of Zynwood, California.
� I HE?i�3Y CERTIFY that the foregoing resolution was duly and ._
regularly passed by the Board o� Trustees of the 0ity of Lyn�vood
at an adjourned regular moeting of said Board hold on the 26th
day of Septembc�r, 1923, by the followin; vote; to-vJit:
AYES: Trustees L�terrill, ti"fillard, Prienzel, Downoy; Anderson
NOES: None
. ABSENT: None � .
L. C. Anderson
-- resi on o2 e oar. ox rus-
teos oY the City of Zynwood, �
California.
AT'iESi: _ � � �
Fre d L.�h...�., ' • .
�ity lar : .
f . , ' . , .