HomeMy Public PortalAboutOrdinance 547x gar, r �
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y'v Q � leverrl�trh •'twenty fonr c'inclusive; =•and cipa1 there4 prior to maturity, and 1920 1420.00 420 00 ' - 1000.00
' , a 6 01 Hat& "o5de,$m'itieAenoritination th [t all ac an&'thinga required to be 1921' 1360.Od 360.00 ' 1000.00
iclildLNi3� F UR x0filve . hundred dollars enc•h, kihali be' done and conditions and things required 1922'' 1300.00 .t, 300.00 1000.00
TH VGHT''I`HOUaANfI :due and able o': th,, first day or to exist to and in the issu- 1923 1240.00 240.00 1000.00
?DOLLARS OF MUNICIPAL COUPON Ylanuary pin -each of the years 1921, ante of hie bond to render the same 1924 1180.00 180.00 1000.00
t." BONUS, FOR THE PURPOSE OF IM- 1922, 1923, 1924, 1925, 1926 and 1927, legal and valid, have been done and did 1925 a 1120.00 120.00 1000,00
1,;_PROVING. THE STREETS. IN THE 'respectively, in regular numerical or- exist in due time, form and manner as 1926 ! 1060.00 60.00 1000.00
OF IsEAUs:ONT, - CALIFUP-
:r, der. , The principal of and the interest required by law, and that the total And; said taxes, when so collected,
NIA;`PRESCRIBING`'THtJ FORM OF:`u on said bonds shall be payable at the debt of this village, Including that of shall lie applied sole) for the purpose
THE SAID BON ^uS PROVIDING'
p p Y g, g PP Y P P
xF,,, ' banking house- of Kountze Brpthera, this bond, does not exceed the consti- of pay in¢ the interest on and principal
FOR THE LEVY OF TAXES TO PAY"', the city of New York, U. S. A. tutional or any statutory limitation of of said( bonds, respectively, and for no
THE SAME, AND REPEALING ALL' They shall bear interest at the rate of the state of California., other 'purpose whatever, until the in-
ORDINANCE$ OR PARTS OF, _t3.x per centum per annum, payable The faith and credit of the city of
NANCES r I; CONFLICT . HER ER debtecllness so contracted under this or-
1
semi- annually on the first day of July Beaumont are hereby pledged for the c:namje, principal and interest. shall
,xYand the first day f January in each punctual payment of the principal and nave een full aid, satisfied and dis-
W1Tt+ ty, y Y P P Y P P �� Y P
year, and said interest shall be repre interest on this bond. ;;cargj!d.
WHEREAS, pursuant to Ordinance seated by coupons attached to each IN TESTIMONY WHEREOF, the 3eel.ion 6. It shall be the duty of
;. No. 51, }gassed. and . approved, on the ,;bond, each coupon representing a half board of trustees of the city of Beau- the bci,ard of trustees of said city, and
tenth day'of duly; A.' D. 1914;' and in3,yearly payment of interest on the boi d mont has caused this bond to be signed they are hereby required annually at
accordance( with law, there was at ay',.to which it is attached. Said bonds by the president of the board of trus- the tiime and in the manner provided
special election duly called and lawful- shall be signed by the president of the tees and the city treasurer of said city, by la,ly for the levying of other city
fully held on the 4th day of August, A. board of trustees and by the treasurer countersigned by the city clerk, and 'taxesy, to ratify and carry out the pro -
D. 1914, submitted io the qualified vot- of the said city, shall be countersigned the seal of the said city affixed as of visions hereof with r,ference to the
ers of the city of $eaumont the propo - by the city clerk and shalt hear the the first lay of January, A. D. 1916. levyiilg of taxes, and requiring the of-
aition of incurring a bonded indebted -'seal of the said city, and the coupons ficersof and for said city to levy, ex-
ties& of the maid city in the principal thereto attached shall bear the original tend find collect such taxes in the met.-
sum of eight thousand dollars, for the : or engraved fac- simile signature of the President of Board of ner provided l y law, for the purpose of
purpose of i riproving the streets of the city treasurer. Trustees. treading +i fund for the payment of the
said city, ty i;rad ng, scarifying, sur - 'Sect on 2. The said bonds and coo- interi,at upon and the principal of s.iid
surfacing' with gravel and providing pons shall be substantially as follows, bond, -, slid the said taxes, when so col-
culverts for the same; and, to- yVit;_ -- -�- -"—� lecteRl, shall l e kept for and app( ed
WHEREAS, at said special election (Form of Bond.) City Treasure:. Countersigned: only to the payment of said interest
more than two th v& of all the quail- UNITED STA'1'E5 OF AMERICA, and irincipal of said b nda as hereinbe-
fled voters v„ting thereat voted infavor STATE OF CALIFORNIA. fore jzpeeified, but nothing herein con-
of said proposition, and the results of County of Riverside, City of Beaumont. taincid shall be so construed as to pre,
the said election having been duly and MUNICIPAL IMPROVEMENT 13OhD City Clerk. vent said city from applying any oth( r
lawfully canvassed and declared in fav- I of the fundss that may be in the city treasury
or of said proposition', and he issuance CITY OF 13EAUMONT. (Form of Coupon.) and available for that purpose to the
Nn..... $.......
of said bond =; slid, No... $......... Payriient of sa:d interest or principal as
WHEREAS, it is now deemed neces On the first day of ............ the itame respectively mature, -aid the
The city of and state in the county A D. 19...., the city f Beaumont, in p Y
sarV to incur the said indebtedness and of Riverside and state of California, Y levyor levies herein provided for may
issue the said bonds, in conformity acknowledges itself indebted and here- the co inty of Riverside and state of therpupon to that extent be diminiahed,
with law and the authority given at California, will pay to bearer ...... and upon the payment of the principal
... Y g by promises to pay to (tearer ....... iw P Y P P
said election for the puipose as of ,resaid, dollars, in lawful money of the - . • • • dollars, in lawful money of the of ally of the bonds issued hereunder in
and to prescribe the form of said bonds United States of America, for value United Stater, of America, at the bank- said, manner, or by the use of the sink-
slid provide for the levy of taxes to rece.ved, on the first day of January, tug house of Kountze Brothers, in the ing IFund herein provided for, the levy
pay the same; and, A. D. 19...., with interest thereon at city of New York, U. S. A., being six �r 11wies herein provided for for the
WHEREAS, in accordance with law, the rate of six per centum per annum, months' interest on Municipal Improv, � p;iyineut of interest may to the extent
the said bonds have been advertised payable semi annually on the firKt day went bond of the city of Beaumon.i, , }f tine interest of the bonds so paid be
fur sale, and have been duly awarded to of July and the first day of January in dated January 1, 1915, diminished. And the sums hereinbe-
the firm of Sweet, Causey, Foster & each year, upon presentation and sur- No..... force provided to meet the interest on
Company; of Denver, Colorado, the. render of the annexed coupons as they (Fac- simile signature) said bonds, and to discharge the prin-
lawful purchaser thereof, at a price severally become due, both principal City Treasurer. cipilLl thereof when due, are hereby ap-
not less than their par value; and interest being payable at the bank- prolpriated for that purpose, and said
NOW, THEREFORE, THE BOARD ing houae of Kountze Brothers, in the Section S. That said bonds, when amliunt for each year shall also be in-
OF TRUSTEES OF THE CITY OF city of New York, U. S; A. executed, shall be delivered to the pur- cluded in the annual appropriation bills
BEAUMONT,DO ORDAIN AS FOL- 'This bond is issued by the board of chaser thereof, and said bonds and the packed by the board of trustees of said
LOWS: trustees of the city of Beaumo, t, for funds raised thereby shall be applied tovin in each year, respectively.
Section I. " That by virtue and in the purpose of improving the streets in solely to the purpose aforesaid of im- Election 6. All ordinances, parts of
pu soacice of an act of the legislative said city, by grading, scarifying, sur- proving the streets within and for said ordlivances, by -laws and regulations of
assembly of the state of California, ei - facing with gravel said providing cut- city, but the purchaser of said bonds they city of Beaumont, in conflict with
titled, "Ali Aet authorizing the incur- verts for 'he same, by virtue of and in shall in no manner be responsible for thin ordinance, are hereby repealed,
ring of indebtedness by cities, towns full conformity with the constitution of the application or disposal by said city, kl,ection 7. This ordinance shall be
arid municipal corporations for munici -' the state of California, the provisions or any of its officers, of any of the anil remain irrepealable until the said
pal improvements, and regulating the of an act of the legislative assembly funds derived from the sale thereof. bands and the interest thereon shall
acquisition, construction and comple- thereof, entitled, "An Act authorizing Section 4. The interest falling due have been duly paid, satisfied and dis-
tion thereof" (Statutes of 1901, page tiie incurring of indebtedness by cities, on said street improvement bonds on chtrged, as herein provided.
27), and the amendments thereto, towns and municipal corporations, for July first, 1916, shall be paid out of the ;liection 8. This ordinance, immedi-
there shall be issued the municipal cou- municipal improvements, and regulat- general fund of said city, and for the at,i:ly upon its final passage, shall be re-
pon bonds of the city of Beaumont in ing the acquisition, construction or purpose of reimbursing said general col'ded in the book of ordinances of said
the amount of eight thousand dollars completion thereof," California Stat- fund for said interest, and to meet the tidy, kept for that purpose, authenti-
(18,000.00) for the purpose of improv- utes, 1901, page 27, and all amendatory interest on said bonds promptly and as cal:ed by the signatures of the resi-
ing the streets of the said city by and supplemental acts thereto, and the same accrues, and to create a sink- dent of the board of trustees and the
grading, scarifying, surfacing with also by virtue of a vote of the qualified ing fund for the payment of the prin- cilly clerk, and shall be published in
gravel and providing for culverts for electors of the said city, at an election cipal of said bonds, there shall be lev- Tile Gateway Gazette, a newspaper
the same; that said bonds shall be legally called and duly held in said city, ied on all the taxable property in the published and of general circulation in
dated January first, A. 1J. 1915, and prior to the issuance of this bond, at said city, in addition to all other taxes, this said city, and shall be in full f ,)rce
shall consist of ten bonds, in the de- which election more than two - thirds of a direct annual tax in each of the years arid effect upon such publication.
nomination of one hundred dollars all the legal votes on the question were and for the amounts hereinafter speci- Introduced and read this 12th day of
($100.00) each, numbered from one to in favor of the issuance of this bond. fied, to wit: February A. D. 1915..
4 ten, inclusive, and two of said bonds It is hereby certified that provision Year Total Tax For For Adopted and approved this 19th day
shall be due and payable January first, has been made, in accordance with the Levy Interest Princi»al . February A. D. 1916.
in each of the years 1916, 1917, 1918, constitution of the state sf California, 1x16 $ 680.00 $480.00 $ 200.00
W. A. Sewell,
1919 and 1920, respectively, in regular for the collection of an annual tax 1916 668.00 468.00 200,00 President Board of Trustees,
numerical order, and fourteen bonds, sufficient to a the interest on this 1917 656.00 456.00 200.00 F,if. E.
pay 'If. W. Watson,
in the denomination of five hundred bond as it falls due, and also to con- 1918 644.00 444.00 200.W City Clerk.
dollars`t$lift00) each, numbered from stitute a sinking fund to pay the prin- 1919 632.00 432.00 200.00 [l3EAL]
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