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HomeMy Public PortalAboutM 1938-03-30 - CC ADJOURNED REGULAR MEETING MARCH 30TH, 1938 The City Council of the City of Lynwood met in an adjourned regular session, at the City Hall, 11331 Plaza Street, at 4:30 P.M. Mayor Boster in the chair. Councilmen Meyer, Nation, Snyder and Boster answered the roll call. Councilman Lake was absent. The hour of 4:30 P.M. having arrived said time being the ,hour fixed for continuing the hearing in connection with the proposed reassessment in the refunding of the indebtedness of Acquisition and Improvement District No. 19 of the City of Lynwood. Mayor Boster inquired of the City Clerk whether or not any written objections or protests had been filed. The City Clerk stated that none had been filed. Thereupon the Mayor inquired of the audience if there was any one present who wished to protest or object in connection with said reassessment. There was no response. Mr. James L. Beebe, Special Counsel in said matter, was present and conducted the hearing. A communication was received from John B. Norton with check enclosed for ~2, 687.42, x$2,110.93 of said sum to be used to pay the reassessments levied on his property within Lynwood A. & T. Dist. No. 19 as per list attached; X576.49 to be used to purchase certain re- funds ng bonds on Lots 16 and A, Tract 5103, and a. portion of Lot 6, Downey and Hellman Tract, described more fully in said letter. Thereupon it was moved by Councilman Nation and seconded by Councilman Meyer that Mr. Norton's proposal and offer contained in his letter of March 22nd, 1938 be accepted. Roll Call: Ayes: Councilmen Meyer, Nation, Snyderand Boster Noes; None Absent: Councilman Lake. Thereupon RESOLUTION N0. 1070, entitled: "RESOLUTION AC- CEPTING OFFER OF J. B. NORTON FOR THE PURCHASE OF CERTAIN REFUNDING BONDS OF ACQ~JISITI~t'AND IMPROVEMENT DISTRICT NO. 19 OF THE CITY OF LYNWOOD," was read. It was moved by Councilman Meyer and seconded by Councilman Snyder that said Resolution No. 1070 be adapted. Roll Call: Ayes: Councilmen.Meyer, Nation, Snyder and Boster. Noes: None. Absent: Councilman Lake. A communication was received from John Hunt agreeing to purchase certain refunding bonds to be issued against Lots 19, 20, 21, 22 and 23, Block 20, Mod,jeska Park, for X48.78 which was tendered therewith, all as set forth in his offer. Thereupon RESOLUTION N0. 1071, entitled: "RESOLUTION AC- CEPTING OFFER OF JOHN HUNT FOR THE PURCHASE OF CERTAIN REFUNDING BONDS OF ACQUISITION AND Ir~QPROVE~~NT DISTRICT N0. 19 OF THE CITY OF LYNWOOD," was read. It was moved by Douncilman Meyer and seconded by Councilman Nation that said ResolutionNo. 1071 be adopted. Roll Call: Ayes: Councilmen Meyer, Nation, Snyder and Boster. Noes: None Absent: Councilman Lake. An offer was received from J. 0. Law agreeing to purchase certain refunding bonds to be issued in said District against Lots 131 and132, Tract 2551, for th.e sum of X97.45, a check for which was attached, all as set forth more fully~n said offer. Thereupon RESOLUTION N0. 1072, entitled: RESOLUTION AC- CEPTING OFFER OF J. 0. LAW FOR THE PURCHASE OF' CERTAIN REF'L'NDING BONDS OF ACQUISITION AND IMPROVEMENT DISTRICT N0. 19 OF THE CITY OF LYNWOOD," was read. It was moved by Councilman P~Ieyer and seconded by Councilman Nation tha t said Resolution No. 1072 be adopted. Roll Call: Ayes: Councilmen Meyer, Nation, Snyder and Boster. Noes: None. Absent: Councilman Lake. An offer was received from Brown-Crummer Company offering to purchase X40,000.00 of Refunding Bonds in AcgUisition and Improve- ment District No. 19 for X20,000.00. Thereupon RESOLUTION N0. 1073, entitled: "RESOLUTION AC- CEPTING OFFER OF THE BROWN-CRUfl~IDdER COMPANY FOR THE PURCHASE OF CER- TAIN REFUNDING BONDS OF ACQUISITION ATdD IN!PROVE~.TENT DISTRICT NO. 19 ~~~ OF THE CITY OF LYNWOOD," was read. It was moved by Councilman Meyer and seconded by Councilman Nation that said Resolution No. 1073 be adopted. Roll Call: Ayes: Councilmen Nieyer, Nation, Snyder and Bolter. Noes: None. Absent : Councilman Lake. An offer was received from the Brown Crammer Co. for the purchase of that certain refunding bonds issued against a portion of Lugo Home Tract in the City of Lynwood allotted to William McGrindle, Clerk's File No. 116, described more fully~in said offer, for the sum of 6,479.00. Thereupon RESO LUTION N0. 1074, entitled: "RESOLUTION AC- CEPTING OFFER OF THE BROWN-CRUMP~?ER COMPANY-FOR THE PURCHASE OF CER- TAIN REFUNDING BONDS OF ACQUISITION AND IMPROVE;~iENT DISTRICT NO. 19 OF THE CITY OF LYNWOOD," was read. It was moved by Councilman Nation and seconded by Councilman Snyder•~hat said Resolution No. 1074 be adopted. ~ Roll Call: , Ayes: Councilmen Meyer, Nation, Snyder and Bolter. Noes: None, Absent: Councilman Lake. An offer was received from the Lynwood AssessmentRelief Corporation agreeing to purchase certain refunding bonds to be selected by the City of Lynwood for X10,1?5.00, as covered more fully by said offer. Thereupon RESOLUTION NO. 1075, entitled: RESOLUTION AC- CEPTING OFFER OF LYNWOOD ASSESSMENT RELIEF CORPORATION FOR THE PUR- CHASE OF CERTAIN REFUNDING BONDS OF ACQUISITION AND IMPROVEMENT DIS- TRICT NO. 19 OF THE CITY OF LYNWOOD,~ was read. It was moved by Councilman Snyder and seconded by Cottricilrnan Nation that said Resolu- tion No. 10?5 be adopted. Roll Call: Ayes: Councilmen Meyer, Nation, Snyder and Boater. Noes: None. • Absent: Councilman Lake. An offer was received from the Bank of America National Trust & Savings Bank agreeing to purchase certain refunding bonds in said District for a purchase price of X1,600.18 giving a list of Lots included therein. Thereupon RESOLUTIUN N0. 1076, entitled: pRESOLUTION AC- CEPTING.OFFER OF BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIA- TION•FOR THE PURCHASE OF CERTAIN REFUNDING BONDS OF ACQUISITION AND IMPROVEMENT DISTRICT N0. 19 OF THE CITY OF LYNWOOD," was read. It was moved by Council:•nan Meyer and seconded by Councilman Snyderthat said Resolution N o. 10?6 be adopted. Roll Call: Ayes: Councilmen Meyer, Nation, Snyder and Bolter. Noes: None. Absent: Councilman Lake. RESOLUTION N0. 1077, entitled: "RESOLUTION PROVIDING FOR THE SALE OF CERTAIN BONDS OWNED BY THE CITY OF LYNWOOD AND FOR CAN- • CELLATION OF CERTAIN BONDS AND COUPONS OWNED BY SAID. CITY OF LYNWOOD IN THE .PROCEEDINGS TO REFUND THE INDEBTEDNESS OF ACQUISITION AND IM- PROVEMENT DISTRICT N0. l9 OF SAID CITY," was read. It was moved by Council~~~an Nation and seconded by Councilman Snyder that said Resolu- tion No. 1077 be adopted. Roll Call: Ayes: Councilmen Meyer, Nation, Snyder and Bolter. Noes: None. Absent: Councilman Lake. RESOLUTION N0. 1078, entitled: "RESOLUTION FINDIPIG THAT THE PUBLIC INTEREST, CONVENIENCE AID NECESSITY REQUIRE THE CONTRI- BUTION OF CERTAIN FUNDS @F' THE CITY OF LYNWOOD FOR THE REFUNDING OF THE INDEBTEDNESS OF ACQUISITION AND IMPROVEi.~ENT DISTRICT NO~. 19 OF SAID CITY, AND APPROPRIATING FUNDS", was read. It was moved by Coun- cilman Meyer and seconded by Councilman Bnyder that said Resolution No. 10?8 be adopted. Roll Call: Ayes: Councilmen Meyer, Nation, Snyder and Bolter. Noes: None . Absent: Councilman Lake. An offer was received from The Brown-Crammer Company offer- • ing to sell X38,500.00 par value of A. & I. Dis. No. 19 bonds and interest coupons thereof to the City for cash for 400 of the par value principal of said bonds, e.g., 400 for each X1,000 bond, with all unpaid coupons appurtenant thereto, giving a listof bonds held and owned by the and making certain other provisions therein which is covered fully by said offer and to which reference is hereby made for further particulars. Theraupon RESOLUTION N0. 1079, entitled: "RESOLUTION AC- CEPTING 0~'FER OF THE BROWN-CRUMh1~R COMPANY FOR THE PAYMENT ANDfOR SALE OF BONDS OF ACQUISITION) ATvD IMPROVEMENT DISTRICT N0. 19 OF THE CITY OF LYNWOOD, CALIFORT'~IA, IN REFUNDING THE INDEBTEDNESS OF SAID DISTRICT,"' was read. It was moved by Councilman Nation and seconded by Councilman Meyer that said Resolution No. 1079 be adopted. Roll Call: Ayes: Councilmen Meyer, Nation, Snyder and Boster. Noes: None. Absent: Councilman Lake. An offer was received from C. E. Bradberry offering to sell X1000.00 par value of A. & I. Dist. No. 19 bond and interest coupons thereof' to the Cit for cash for 4(~~, of the par value principal of said bonds, e.g., 400 for said bond with al 1. unpaid coupons appur- tenant thereto, giving a list of bonds held and owned by him, and making certain other provisions therein which is covered fully by said offer and to which reference is ~nereby made for further par- ticulars. Thereupon RESOLUTION N0. 1©S0, entitled: "R.ESOLUTION AC- CEPTING OFFER OF C. E. BRADBERRY FOR THE PAY;~4ENT AND~OR SALE OF BONDS OF ACQUISITION AND IP,~ROVEMENT DISTRICT N0. 19 of THE CITY OF LYNWOOD, CALIFORNIA, IN REFUNNIIVG THE INDEBTEDNESS OF SAID DIS- TRICT,f~ was read. It was moved by Councilman Snyder and seconded by Councilman Nation that said Resolution No. 1080 be adopted. Roll Call: Ayes: Councilmen Meyer, Nation, Snyder and Boster. Noes: None. Absent: Councilman Lake. At this time Councilman, Meyer requested to be excused, which was granted, whereupon Councilman. Meyer vacated his chair and left the Council Chamber. It was moved by Councilman Snyder and seconded by Council - man Nation that the public necessity, convenience and interest re- quired that the City appropriate 1,000 to aid in the Refunding of the Indebtedness of Acquisition and Improvement District No. 19, and that therefore said sum be and the same is hereby appropriated from the Water Fund to the Special Assessment Tax Re11ef Fund for such purpose. Roll Call: Ayes: Councilmen Nation, Snyder andBoster. Noes: None. Absent: Councilmen Lake and Meyer. . An option to purchase a. bond of C. Knox of 717 East Villa St., Pasadena, Calif. in A. & I. Dist. No. 19 for ~l, 000.00 with all unredeemed coupons appurtenant thereto attached, was received. It was moved by Councilman Snyder and seconded by Council~uan Nation that the City exercise the option contained in said letter of C. Knox of March 30th, 1938,. and direct the City Treasurer to purchase the bond immediately and that the City Appro riate for that purpose the money necessary to purchase said bond of 1,fl00.00 and the City Council do hereby declare that, the public interest, convenience and necessity require that such appropriation be made for such purpose. Roll Call: . Ayes: Councilmen Nation, Snyder and Boster. Noes: None Absent: Councilmen Meyer and Lake. An offer was received from Dean Witter & Co. offering to sell ~p20,000,00 par value of A. & I. Dist. No. 19 bonds and interest coupons thereof to the City for cash for 40~ of the par value prin- cipal of said bonds, e . g. , $400 for each1000 bond, with all unpaid coupons appurtenant thereto, giving a listof bonds owned by them. and making certain other provisions which are stated more in detail in said offer and to which reference is hereby made for further par- ticulars. Thereupon RESOLU'T'ION N0. 1081, entitled: "RESOLUTION x4C- CEPTING OFFER OF DEAN WITTER & CO. FOR THE PAYT~TENT AND~OR SALE OF BONDS OF ACQ~rISITION AND.IP~fSPROVEMENT DIS~T'RICT N0. 19 OF THE CITY OF ~~~ LYNWOOD, CALIFORNIA, IN REFUNI7NG THE Ii~IDEBTEDNESS OF SAID DIS`T'RICT, " was read. It was moved by Councilman Snyder and seconded by Council- man Nation that said Resolution No. 1081 be adopted. Roll Call: Ayes: Councilmen Nation, Snyder and Koster. Noes: None. Absent: Councilmen Meyerand Lake. An offer was received from Ruby J. Ross offering to sell X5,000 par value of A. & I. Dist. No. 19 bonds and interest coupons thereof to the Cit for cash for 400 of the par value principal of said bonds, e.g., 400 for each X1000 bond, which all unpaid cout~ons appurtenant thereto, giving alist of bonds owned by him and making certain other provisions which are recited in detail in said offer and to which reference is hereby made for further particular s•. Thereupon RESOLUTION N0. 1082, entitled: "RE"SOLUTION AC- CEPTING OFFER OF RUBY J. ROSS FOR THE PAYMEN`T' AND/OR SALE OF BONDS OF ACQUISITION. AND IMPROVEMENT DISTRICT N0. 19 OF THE CITY OF LYNWOOD, CALIFORNIA, IN REFUiVIIl3G THE INDEBTEDNESS OF SAID DI STRICT, +{ wasread. It was moved by Councilman Nation and seconded by Councilman Snyder that said Resolution i~o. 1082 be adopted. Roll Call: • Ayes: Councilmen Nation, Snyder and Bolter. Noes: None. Absent: Councilmen Meyer and Lake. An offer was received from J. 0. Davis offering to sell 64,000 par value of A. & I. Dist. No. 19 bonds and interest coupons thereof to the Cit for cash for 40~ of the par value principal of said bonds, e.g., 400 for each X1000 bond, with all unpaid coupons appurtenant thereto, giving a list of bonds awned by him and making .certain other provisions which are covered in detail in said offer and to which reference is hereby made for further particulars. Thereupon RESOLUTION N0. 1083, entitled: "RESOLUTION AC- CEPTING OFFER OF J. 0. DAMS FOR THE PAYMENT AND/OR SALE OF BONDS OF ACQUISITION. AND IMPROVEMENT DISTRICT N0. 19 OF THE CITY OF LYNWOOD, CALIFORNIA, IN REFUNIING THE INDEBTEDNESS OF SAID DISTRICT," was read. It was moved by Councilman Snyder and seconded by Councilman Nation that said Resolution No. 1083 be adopted. Roll Call: Ayes: Councilmen Nation, Snyder and Bos#er. Noes: Nana. Absent: Councilmen Meyer and Lake. An offer was received from Elizabeth C. Farnsworth offering to sell a X1000 bond par value of A. & I. Dist. No. 19 and interest coupons thereof to the City for cash for 40~jo of the par value princi- pal of said bond, e.g., 400 for said X3000 bond, v~ith all unpaid coupons appurtenant thereto, giving the Number of the bond as well as the Series letter, and making certain other provisions which are covered in detail in said offer and to which reference is hereby made for further particular. • Thereupon RESOLU`T'ION N0. 1084, entitled.: "RESOLUTION AC- CEPTING OFFER OF ELIZABE'T'H C. FARNSWORTH RR THE PAYI~~iENT AND/OR SATE OF BONDS OF ACQUISITION AND IMPROVEMEI~'1' DISTRICT N0. 19 OF THE CITY OF' LYNWOOD, CALIFORNIA,,IN REFUI~IDING THE INDEBTEDNESS OF SAID DIS- 'T'RICT," was read. It was moved by Councilman Nation and seconded by Councilman Snyder that said resolution Nv. 1084 be adopted. Roll Call: Ayes: Councilmen Nation, Snyder and Bolter. Noes: None. Absent: Councilmen Meyer and Lake. An offer was received from C. F. 1Viiller offering to sell x$12,000 par value of A. & I. Dist. No. 19 bonds and interest coupons thereo f to the City of Lynwood for cash for 400 of the par value principal of said bonds, e.g., X400 for each X1000 bond, with all un- paid coupons appurtenant thereto, giving alist of bonds owned by him and making certain other provisions which are covered in detail in said offer and to which reference is hereby made.for further par- ticulars. . Thereupon Resolui,~n No. 1085, entitled: "RESOLUTION AC- CEPTING OFFER OF C. F. Lr1ILLER FOR THE PAYMENT AND/OR SALE OF BONDS OF ACQUISITION AND II~iPROVEIt1ENT DISTRICT N0. 19- OF THE CITY OF LYNWOOD, CALIFORNIA, IN REFUNDING THE INDEBTEDNESS OF SAID DISTRICT," was read. It was moved by Councilman Snyder and seconded by Councilman Nation that said Resolution No. 1085 be adopted. Roll Call: Ayes: Councilmen Nation, Snyder and Bolter. ~,~ Noes: None. Absent: Councilmen Meyer and Lake. An offer was received from Geo. H. Nicklies offering to sell X1,500 par value of A. & I. Dist. No. 19 bonds and interest coupons thereof to the City for cash for 40°% of the par value prin- cipal of said bonds, e. g. , X400 for each x$1000. bond, wi th a 11 unpaid coupons appurtenant thereto, giving a list of bonds owned by him and making certain other provisions which are covered in detail in said offer and. to which reference is.heroby made for further particulars. Thereupon RESOLUTION N0. 1086, entitled: "RESOLUTION AC- CEPTING OFFER OF GE'0. H. NICI~LIES FOR THE PAYP~~~N`T' ANp/OR SALE OF BONDS OF ACQUISITION AND IIviPROVEI~~N`1' DISTRICT N0. 19 OF THE CITY OF LYNWOOD, CALIFORNIA, IN REFUNDING THE INDEBTEDNESS OF SAID DISTRICT," was re- ceived.. It was moved by Councilffian Nation and seconded by Council- man Snyder that said Resolution i~'o.. 1086 bP adopted. Roll Call: . Ayes: Councilmen Nation, Snyder and Boster. Noes: None. Absent: Councilmen Meyer and Lake. An offer was received from A. T. Payne offering to sell $2000 bond par value of A. & I. Dist. No. 19 and interest coupons thereof to the. City for cash for 40°Jo of the par value principal of said bond, e.g., X400 ~r each X1000 bond, with. all unpaid coul;ons appurtenant theretc, giving a List of bondsowned by him and making certain other provisions which are covered in detail in said offer and to which reference is hereby made for further particulars. Thereupon RESOLUTION N0. 1087, entitled: "RESOLUTION AC- CEPTII~rG OFFER OF A. T. PAXNE FOR THE PAYA~.EPuT AND/OR SAT,: OF BCIVDS OF ACQUISITION AND I~iPROV~;MENT DISTRICT N0. 19 OF THE CI`T'Y OF LYNWOOD, CALIFORNIA; IN REFUNDING THE INDEBTEI)ivh~SS OF SAID D7~RICT, " was read. It was moved by Councilman Snyder and seconded by Councilman Nation that said Resolution No. 1087 be adopted. Roll Call: Ayes: Councilmen Nation,. Snyder and Boster. Noes: None. Absent: Councilmen P~eyer and Lake. An offer was received from Ed. Cory Smith offering to sell ~l`7,000 par value of A. & I. Dist. No. 19 bonds and interest coupons thereof to the City for cash for 400 of the par value principal of said bonds, e.g., X400 for each ,?1000 bond, with all unpaid coupons appurtenant thereto, giving a list of bonds owned by him a.nd making certain otter provisions which are covered in detail in said offer and to which reference is hereby. made for further particulars. Thereupon RESOLU`T'ION N0. 1088, entitled: "RESOLUTION AC- CEPTING OFFER OF ED. CORY SIvII`I'H FOR THE PAYMEt'~T AND/OR SALE OF BOATDS OF ACQUI5ITIOlV AND IMPROVEMEN`T' DISTRICT N0. 19 OF' THE CITY OF LYNWOOD, CALIFURt~~IA, IN REFUNDING 'T'HE INDEBTEDiV~~SS OF SAID DIS`TRIC'T', " was read. It was moved by Councilman Nation and seconded by Councilman Snyder that said Resolution No. 1088 be. adopted. Roll Call: Ayes: Councilmen Nation, Snyder and Boster. Noes : .None. Absent: Councilmen Meyer and Lake. An offer was received from the Ranson-Davidson Company of- fering to sell „20,000 pa r. value of A. & I. Dist. No. lU bonds and ~ interest couUOns thereof to the City for cash for 400 of the par value principal of said bonds, e.g., X400 for each X1000 bond, with all unpaid coupons appurtenant thereto, giving a-lis~of bonds owned by tYierA and making certain. other provisions which are covered in detail in said offer and to which reference is hereby made for further par- ticulars. Thereupon RESOLUTION N0. 1089, entitled: "RESOLUTION AC- CEPTING OFFER OF THh: RANSOId-DAVIDSON COMPANY FOR TH:t~~ PAYa~1EN7.' AND/OR SALE OF' BONDS OF ACQUISITION AND INIPROVEMEN'i' DISTRICT N0. 19 OF THE CITY OF LYNWOOD, CALIFORNIA, IN REFUNDING THE INDEBTEDNESS OF SAID DISTRICT," was read. It was moved by Councilman Snyder a.nd seconded by Councilman Nation that said Resolution No. 1089 be adopted. Roll Call: . Ayes: Councilmen Nation, Snyder and. Boster. Noes: None. Absent: Councilmen Meyer and Lake. RESOLUTION N0. 1090, entitled: "RESOLUTION AU'T'HORIZING AiVD DIREC'T'ING SECURITY-FIRST NA`1'IUNAL BANK O~~ LOS ANGELES TO PUR- CHASE CER`1'AIN BONDS AND DELIVER SANE FOR CANC ~:LATION TO THE TREASURER OF THE CITY OF LYNWOOD," was read. It was moved by Coun- 22 Gilman Snyder and seconded by Councilman Nation that said Resolution No. 1090 be adopted. Roll Call: Ayes: Councilmen Nation and Snyder and Boster. Noes: None. Absent: Councilmen Meyer and Lake. City Treasurer Reed upon being questioned by Attorney Beebe testified as to the funds available for the refunding of the indebted Hess of Acquisition and Improvement District No. 19, stating that there are sufficient funds available for such purpose; also testi- fied as to the total amount of bonds outstanding in said District. Special Counsel Robert A. Moffitt also, upon being sworn, testified that sufficient funds are available to refund the indebted- ness of said District. In the absence of Superintendent of Streets, Bateman, Mr. Moffitt also testified on the matter of the reassessment, to the effect that he had conferred with Mr. Bateman and watched the spread of the reassessment, and that the reassessment in said matter was spread in accordance with benefits, with credit being given for all sums paid through the taxes. Thereupon RESOLUTION N0. 1091, entitled: "RESOLUTION SET- TING FOR'PH FACTS OF HEARING AND FINDINGS AND CONFIRMING REASSESSMENT IN THE REFUNDIPIG OF THE INDEBTEDNESS OF ACQUISITION AND IMPROVEMENT DISTRICT N0. 19 OF THE CITY OF LYNWOOD," reading as follows, was read "WHEREAS, under the provisions of the. Assessment Bond Re- funding Act of 1933, as amended, this City Council adopted Resolution of Intention No. 1024 on the 23rd day of November, 193'7, providing for-the refunding of the indebtedness of Acquisition and Improvement District No. 19 of the City of Lynwood under the provisions of said Act; and WHEREAS, it appears that notice of the hearing on the pro- posed reassessment has been published and posted•as required by law and at the time and place set for hearing on the proposed reassessmen~ a hearing was duly had and the said hearing has been regularly con- tinued from time to time by the orders entered upon the minutes of this City Council and this is the timeand place to which said hear- ing has been regularly continued; WHEREAS, no protest or objection to the said reassessment or any of the reassessments upon the respective lots, pieces orpar- cels of land reassessed or to any action or determination in the making of said reassessment or in the proceedings for saidreassess- ment and refunding has been filed or made, and no protest or ob,jectio~ to the amounts of any of the reassessments or to the validity or legality of any of the proceedings for said reassessment or refunding has been filed or made; and • WHEREAS, no objection or protest upon any ground whatever has been filed or made and evidence has been taken on the reassessment and refunding proceedings: NOW, THEREFORE, the City Council of the City of Lynwood, California, does hereby resolve, determine and order as follows: Section 1. That the consents of the County of Los Angeles and of the City of South Gate to this refunding have been obtained in time, form and manner as required by law, and are in all respects sufficient, -That said resolution of Intention, being Resolution No. 1024, was duly adopted and contains all the matters and things re- quired by law and is in every respect regular and sufficient. That said resolution was published at the time and in the form and manner required by law and that copies of such resolution • headed "Notice of refunding and reassessment" were posted at the time and as required by law, and that a copy of the .resolution as published was mailed, postage prepaid, at the time and in the manner to the persons required by law, and affidavits of such publication, posting and mailing were duly filed as required by law in the office of the City Clerk of the. City of Lynwood. That a hearing was held pursuant to said resolution at the time and place stated therein and that at or before the time fixed for said hearing no property owner or person interested filed or made any written ob,jectionto the proposed refunding and no oral objection to said proposed refunding was made, and the written con- sent of the oumers of a majority in area of the lands in the district consenting to the proposed refunding and reassessment was filed be- fore the time of said hearing, and this City Council-duly determined that such consent had been filed and was sufficient and duly adopted and entered upon the minutes its resolution determining that the written consent of the owners of a majority in area of the land in said district had been filed, and thereafter by resolution duly adopted and entered upon its minutes, ordered the refunding and re- assessment. That pursuant to the direction of said City Council, the City Engineer prepared a diagram of the property included within the district upon which the reassessment should be levied and said dia- gram was delivered to the Superintendent of Streets of the City of Lynwood and he thereafter proceeded to make the reassessment in ac- cordance with the aforesaid Act, and when said reassessment was com- pleted it was filed with the Clerk of the Council and this Council directed said Clerk to give notice of the filing of said reassessment and of the time and place when and where all persons interested in the reassessment would be heard by this City Council and that there- after said Clerk published a notice of hearing on the proposed re- assessment cont8lning all matters and things required by law at the time and in the manner provided by law and posted the same upon all open streets within said district at the time and in the manner re- quired by law and affidavits of such posting and publication were duly filed in the office of said City Clerk and have been presented to this City Council and this City Council hereby finds and determines that the notice of hearing was in~all respects sufficient and that the same has been published and posted as regt~.red by law, and this City Council further finds and determines that the hearing on the pro- posed reassessment has been had at the time and place set forth in the notice and in the manner required by law and that said hearing has been duly and regularly adjourned and continued from time to time a.nd has been held and concluded in the manner required by law and that all of the actions, determinations, resolutions and orders and all of the proceedings heretofore taken in said reassessment and refunding pursuant to and including said Resolution No. 1024 are regular, valid and sufficient. Section 2. That the reassessment has been made as provided in said Act and is ,just and in accordance with the facts and that the said reassessment is apportioned according to benefits, as pro- vided in said Act, and it is hereby found and determined that said reassessment is regular, valid and sufficient, and that the diagram attached thereto is regular, valid and sufficient. Section 3. That said reassessment, as filed, be and it is hereby confirmed. Section 4. That the holders of all outstanding bonds and coupons have contracted to exchange such bonds and coupons for cash in the refunding proceedings and it is hereby directed. that said reassessment as confirmed be recorded with the Superintendent of Streets of the City of Lynwood. Section 5. That this resolution be entered upon the minutes of this City Council. ADOPTED, SIGNED AND APPROVED this 30th day of March, 1938." Thereupon it was moved by Councilman Snyd~.r and seconded by Councilman Nation that said Resolution be adopted. Roll Call: Ayes: Councilmen Nation, Snyder and Boster. Noes; None Abser~,t : Councilmen Meyer and Lake. Thereupon RESOLUTION N0. 1092, entitled: "RESOLUTION) DI- RECTING NOTICE TO BE GIVEN OF RECORDATION OF REASSESSMENT IN REFUND- ing THE INDEBTEDNESS OF ACQUISITION AND IMPROVEMENT DISTRICT N0. 19 OF THE CITY OF LYNWOOD, CALIFORNIA, AND REQUESTING CANCELLATION OF UNPAID SPECIAL ASSESSMENT TAXES,' was read. It was moved by Council- man Snyder and seconded by Councilman Nation that said Resolution No. 1092 be adopted. Roll Call: Ayes: Councilmen Nation, Snyder andBoster. NoFs: None Absent: Councilmen Meyer and Lake. It was moved by Councilman Nation and seconded by Councilman Snyder that the meeting adjourn to April lst, 1938, at 1 P.M. All members of the Council present voting aye, the Mayor declared the motion duly carried and it was so ordered. MA R 0 (~ f~Q F L~I~ D ATTEST~.___... (;TTY ,T,FR.x, r,TmY nF L WOOD