HomeMy Public PortalAbout156 (12-05-23) • . . . • . � � " . ' . � v � . '' •
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` ?2ESOI�UiION N0. 156,: ' .
`� R�'SOLUTION OF THS�' BO�iRl' OF TRUSTEES CF� �HE CITY -
;-OF,LYT1!r"�OOD,'C�1T�Ir0�P;IA, RI�;ATING ^i0 TFiE ISSUAT�r"s.OF�.
STREET, IAiPR0V�.2ET�T' BOnDS .PUR5UAnTT _TO R�;SOLUTION OF
':' ID?TENTIOI�? N0. 86, DETERfriIYSII�G TP.E i1P+iGTJI�T OF UIy7'AID^' �`.. -
� � � ASSESS;v�ETSTS, Pft'LSCRIBIfiG'TH� DL'Iu�0�3InATIONS �.OF SUCH` •z
• ,. ` BONDS I��TD'PROVIDIATG:?OR TFL�+IR ISSUnATQE.'',.` -
,, � . ,G"�i:IEREAS,. pursu.ant to statute, riotice oY' filing� list�'.of unpaid "
� assessmeuts .was dizly given in'"the 'manner. and form required: by law, '.
., �that 'the warrant, assessmerit and dia.gram .evere recorded ori the 25th '
. `
day oY:�:Oetobar;.1923,..3or the work and improvement�made by,Ha11=.
:,
', Johnson Company mnder that certain contract`awarded .to them ,on :the.
,29th day of 1923,on a•eertain �ortion oY.tYie south roadway of
.�Fergwood,�venus`,in said.City, and that said warrant, assessment and `�
dia rain were,returned to.tiie �tree.t 5uperintendent, of said City,'.`,
_° �, � to�;ether� wi�th a writton statement of 'all paymants received :upon ,the
"'. ,`. said assessment, and after,.the full.e�cpiration oY twenty (20�),days
from�tlie date.oY said;warrant,"�the said=Street Snperintendent ,duly
made and, filed with the City Cl'erk o� the said City of Zyn�v,00d, a
..
�' `.compl.ete- of all assessments unpaid upon the said assessment; ,
�whicki list is now on �ile in the "ofYiee, of the. City Clerk of said; -•
City, now.upon evidence sho�vn tYii"s.Board`determines.that the assess- _
:� ments therein menti-oned were then::unpaid, the t.otal'aggregate thereof -- ,
being:the-sum of Four Thousand-rive Hundred Sixty and 38�100 Dollars
;•;- �(�4>,560.39�,-and..that assessments-numbered 6,-9, 12,._14,rt12,,.18,.19 , -
. ��,and 25, and no othora; have sinee`tieen paid, and that there now re- . „
'm8ins ttie sum of TYiree Thousand�`Five and 69/100•Dollars���w5,005.69)
� �`upon the assessments showri upon said.list ot those herein- ;
,�'� � above last noted as having been paid.. -' �': .
" Referenee is hereby'made to Resolution of Intention No. 86� �
,• ,=of' of'Trustees of the City of Lynwood,`passed on the 4th
-. ` day of April, 1923, �'or a complete description o£ the work herein '
�. mentioned, and to the,list of unpaid� assessment,s fil'ed as above
�,•noted, for the assessments unpaid.,'.: � '
,. . :,:.. , . ; . ,., , -
• AP�D : �4'HE?�ISAS, interested p:ersons were: notifi'ed in `the manner.:re- .
' �,quired by,law.to appear:before° the,Board' of Trustees of �the.said City
� ° Zynvrood,'California; in"the`Council Chamber of�the City Hall in
' said.City; at tn'e hour oY 8,:00 oicTock P..IvI. oY`�`�ediiesday, the 5th �
' = day of.December, 1923; and,show.cause why bonds should.no,t be issued
' � upon the security oY tYfe:unpaid assessments`shown,on:said.Street �
� � Superintendent!s list; and . '
. 1VIiEREAS, notioe was duly. given in.the•raanner and form.required
A .• .y • p paid assessments.3earing: . ,
' "" ` bnterest er per �annum, 'wi1T be"' _ " "'
issued haraunder in the manner provided in tha "Improvement �ond
. Act oY 1915",;the last�installment of which bonds shall mature•nine..
(9�) years from the;2nd day of July next sueceeding ten•:(10) months '.' �
' . Yrom their date:. . , .' � . � �
" �.-And all interested persons'having appeared�be�ore"this Board '
=. °°. of:Trustees and havin„ been given �ull opportunity to sh;ow.cause- �';.
,why bonds 'shoiild not be issued upon the socurity of the unpaid �'
� °.:asaessments shown osi�said list; and no ob�ections•being presented,'
:NOW,.BE';IT RESOZVED,. tha,t the.Board of Trustees does hereby ;
�" -° .'f�ind.and determine that no, cause has been sho�vn why bonds,should -�
-' •' not be' i'ssued.upon the security,- of said u.npaid assessments. and does . .^�
::hereby overrule a11 objections thereto, and does her:eby direct_the�
`, `.issua.nee .:of said bonds, and further, ' .- , . ,
G �' BE, IT. RESOI,V�D AS FOZL0.9S;� that the ;boar.d �o� �rustees does � �
- . ,�;..
' hereby�find`and deter�iine that no cause has been shown why bonds
should not be issued u�oon the security of said u.npaid assessments and
' does,her.eby ove'prule:all objections thereto, and does hereby dire,ct
` the issuance of said bonds, and Pnrther •• .'
� BE IT RLSOLVED AS � OI.L01 that bonds shall be issued upon` the ,
security;of said unpaid assessments to said amount of Tkree.Thousand
`. 'Five and 69i100 Dollars (. "
The said bonds_shall be twenty (20) in number, shall be dated
.�.: Deeember 5th, 1923 and bear,interest at the rate oY seven per cent
�(7,).per annum; and the denominations of said bonds and tha_�dates
of,the respective maturities thereof, shall be as follbws: '
Bond No. � Gmount Date.of P:iaturity
. , .l. � ' �200.00 'July 2,'1925
_ 2 . � . - . ` 100.,56 � do .
. � k. �, v �200. ; 00 ,. . July 2, 1926 ..
. 4 � 100.56 :do • -
.'� .. , '. �200.00 , . July 2, 1927
- . . ' , 6 ' 100.56 do
� :.- 7 , , �200.00 " July 2,.1928 '.
, 8 , 100.56 . do '
g �200.00 .. July 2 , - 1929 �` '
10 ' 100.56 . do
�t --� . ...: _.
... ,_ =._. , . .
: 11 � �200.00 July 2; 1930 " . _,..._,::
12 , ' - ` 1Q0.56 � � do . ... ' .
. 13 �-.. �200.00 July 2,, 1931.. -.
_ . 14 ' 100.56 do
` 1 5. , : �200.,00 . July_ 2, ,1932 �. -
, 16 , - . 100.56 ' . ,, do y
� 17 .. � �200.00 July 2; 1933 ..
�. 18 ' . -: , .. . . 100:56 .. , do :
, I9 . �200.00' ' July 2, 1934 `
20 ° 100.65' . do
- The Yirst coupon o� interest shaTl b.e Yor intereat �rom November
.` 14th, 1923 to January.�2nfl, 1925 and the s.everal coupons tnereafter ,-
shall each be for the semi-annual interest; and
�' .'. BE IT FURTH�R, RESOI,VED, that the signature of the :Treasurer •of
„,. . . _ , . . ».._ .
said City'upon the coupons attached to the said borids shall be a
' lithographed or printed signature�in place of a signature by hand; arid
. ' BE IT AI,SO FURTAPR RESOI,VED,`, that the City� Glerk .of said City
`- oY L;�nwood be.and he is hereby authorized and directed to deliver
: forthwith the�bonds hereiabove.enuinberated to Security-Investment
Company, assignee o3 Hall-Johnson Compariy, Contractor, in satisfaction
of the balance due upon their.assessmant•and warrant. •
� I HEREBY ` CERTIFY that the foregoing resolution was.duly and
regularly passed by the Board of Trustees of the City of Lynwood
. at a regular ineeting.o� the said Board held on the 5th day,of
DeQemb,er, 1923, by,the Yollowing vote, to-wit:
AYES: Trustees �errill, Plillard, b?enzel,. Anderson
nOES: None , .
ABSENTc Trustee.Downey �
I,. C. Anderson
residen o the oard of rus ees of
the City of Lynwood, California.
ATTES^l:
- Fred E. �+Ielch . _
i y �lerk.
�