HomeMy Public PortalAboutOrd. 0587a
43I1r1AtdCE Y~~. 5~7
AN tlT3flTH'ATV 037 T~ GI'rX 0B LYTtBdOCb27,
GA7~.T~'03IAp I+€i~t~tZ33INt3 T'~1R `THE
~H~TfAN~E t}~' ?~SS~9 t3 SAYD CI'Pk' YH
TIC l1~GG}UtaB'i~ ~~€p~i,QUO;
Aai s ~'FLTr81A~1rit tC9 Q2'¢17ffirib8 ~59. ~~~ tYf` th8 CS~y
off" I.yxlWOOSi, C&tlYYOrriAt3~ a ~apsci~l ~sataxt;LaYp~l el~:atidt~ c~a~ dv;1y
ri~~ reEtalar~.y ~aelt3 in e~Y~ esity ors the ~tkd c9 as A~r13,
195c~ ~~ +~hteh e3Qetion t~aere ~sY~s eubaa~.t^~c~ct Gta thr~ r~u~lY~Yed
voters o&' ~F3£t8 aGy the Y`ollow3n~ ksorsd ropt7~Yt~.ozt, Go c~itc
~Qi~T~ PR~?PE7~`~S4?~Str ~lasr~: Lhe Cit~T p£ Lyn~rr~tsd
3ncsurr ~ bonded ~.n~ekatednc~~e Sri the prina~.~~ ~tant
~,P ~4flt)~t)QC9 #"car the ~ssarpo~~: oY' the ~as~uiaitYon and.
aoraetruatioea B~ ma3c~ a3.t~ esf z~ aertaa,n s~unioipe:l
im~arc~vs:~ent, to wit: a o~rSsnming pool end tui~.tlYn~;
thsreEor with e~tlno5 sxs~A w~Cer puri,fiaat9.on ~y'~tets$~,
~ani~ b~a3.ldin~ to trsa7=t~~e E~~~at3sterade, m~:a~~saYnes
f3cst~r lunchln FsreBa da~$ging raom~, tGtl~eat6 ~nr9
otcrwers, ,ina~udYcy$ the aaa~u:L~~.tian c~~ sly ep~~r~t~as
SE1f~d e~Ltit!~ment neaee8ssry theref'or4
nnc3
~~, eald propo~Yt9.GSn z°eaeAv@A the FSf1"3r9asrtt9:Ve
veate entf anent a~' arQre than t~+~-th:4,rr3et oP X11 01" the qu~lY~'~et~
voters o~ ~sir~ sitar votYng &t ~eit~ eleeticen, anfl saYd aity
i~ na~~ ~uthorxe~ to i~~ue bortc3~ in tAe amount s~ ~'or the
~urpooe yet forth in esa~.d prt~go~lt4on;
Na fiII~F(51~T", the City ~ounall o the City of
Loc~@ Dt~;~, a £1RDAZ13 ~~ FoI24t~~
3eaC2csn 1. T~~t bonds oY the Gity oP Lynwe~oe~,
CAa~,Pc9z'xliPS ~ in 141!0 ~JZ'2i1ts2~£31 II412Tt o£ f`t31a1" hUttdl°e$ tYk4'3LiF3&~,k3d
do3lsrs (4,~fl4} be is~4ued mad sold for the PFo~e yet
_,.,~-
forth in the bond prapasitian in the rs.=.eittals hereof. Said
bonds 8he11 ba designated gldlt'~+tI~G FQOL }3GtA~tk7$, EL~3CT1Q4J 1g5~;
shall be fear htandred in number, tauanber~ad 1 to ~F~OJ inalusiee,
and shall be of the denominatian at $I,QQa eech. Said bonds
smell be det~:d y 25, 2953, and shall be pey€~t+le in caoneaeutive
numerical order, 2~ bonne annually an pfiay 15th 1n each year
from Icy 15, 154 to 1y 25, 2973, bath inslusi~e.
said bands shall bear interest gat ~a rata or retes
to be ht~raaftar tied by Y~esoltdtion, but not to exceed five
per cant £5~y pl:r annuz~, payable ~snnually thC3 t:Srst ye€~r
and samisnnually tI'14T'@i3ftti". ~&id banCl~3 E3nd t~7tG7 ~ntf:Y'G"9t
thereon shall be peyabls Sn lewfu2 mangy at the United Stites
of America at the aff`iee at the City Treasurer of ~ttac~ City of
1.ytsvsaad, Calitarnlm, in said city.
Section 3. That the Msyar of the City at byn~voad
and the City Treasurer of said city Aare her~:by authorized
and direstad to sign all of said bands by their printed,
lithagr~aphed ar engraved tassimile signatut~s, and the City
Clerk of said city is hereby authorized and diraaeted to
countersign said bonds and to ~attix thereto the eorparatm
ssral of saSd csity, and the City Treasurer at said sity is
hereby authorized snsf directed to sign tkt:a interest coupons
of Maid bonds by his printed, lithographed or engraaved
facsimile signature, and to number said interest eaupona sat
sash of said bonds consesutively>
2.
Section 4. That. ~aaid bozads and the coupons for
the interest thereon shall be issued in substantially the
folltb~ing farans
U~iST~i~ ST~1TE5. t3R ~iARlC~1
STIaTE OF CAI.IF`OFi1`tZA
C I'T'S:' CtEa L"YS76~flQ~
S~tli+f~ilN~# Pflt>L BONi3,
ifrF;CTZOA7 1952
No « .
THE CZ~ OP ~~NWOpD, a arunieip&1 car~iaretian
situated in the County of Laaa ,AnEeles, State of
California, F'~1R UALU~ RE~ESVE~,, hereby acitntawledges
its indebta~dnees and promises tiro ptgy eta the bearer
hereof the soon of ONE TFiOUSAt~D I30LLARS on the fif-
teenth day of Aimy, 19____, Leith interest theretan from
the date hereof st the taste of
per ceant (~) per annum, in eras ~ fad e~"~"`"~
first yamr payable at the end of said yemr ant!
~.nteremt thereafter pa:yablts 6ecaiannutclly an the
fifteenth daaya taf Navamber and Eday of each sand every.
year until this bond is paid, an presentation sand
surrender of tht3 ratapeetive interest coupons hereby
attaetsed. Both principal and interest are payable
in laavaful money of the United Statea3 of Aar<erica at
the office of the City Trt'aaaurer yf t"he City of
Lynvaood, California, in Bald city,
This bond ig issued. by rhos City of Lyaavaood under
and in puraumnt:t~ of an8 in eonfaranity Frith the pra-
visions yf Article 1, Chapter 4, Division 4, Title ~
of the t~o~*ernment Cade of the State of Ca2.ift~rnia,
and mate suppls-~entaary thert*to, end in purt~uanc~z taf
the lm+~s and Canatitution of the State of Califyrnia,
anti is authorized lay ;~ sots of more than testa-thirds
of all the ciualifitad voters of $a:3d city votixa~ at
aan election duly and legally called, held anti conduc-
Gad in timid city yn the $th day of April, ly;>~.
T'P TS C~i'd"IFIEU, 1tECITEf) AND Dk>CI.Ali'~
that all sets, eanditions and tiaiaagaa regaaired by late
to exist, happen and be perforaned precedent to aznd
in the issuance of thus band hays existed, happened
sand bean perfoa~at»d in due tiece, faz°t~ end. taaanner aPa
retguirt:r$ by loots, and that the amount of this brand,
together reith aadl other indabte8neaas of the City of
;~jmvaood, dace not e~teaed any 8ebt limit preserb2d
by the laroaas or Constitution of the State: of California,
3.
b~i4 q~d3M~43~J ~YI1A's51L'VF' p. a~~~fl ~rAV~ ~f ~9QMi ha~~
n$used this bond to be Hated this 1~th flay caf May,
1953: to be si~r~ed by the 3Kayyar ar~d City araasur~az~
of $aifl n~ty b3' their f8n6'itf121e $ignatlllrG:s' G°aunter-
aimed by the City Clerk of said city, anH sealed
with the narporate seal a~' saifl pity, and the inter-
erst coapana hereta.attanYaed to be signed by said
Tremsurer by his fsnsimile signatura~.
yara eCtyo
~,yn~,~and, California
U y "1'ressurer a tha C ty
of Lynwood, C~alifarnia
ty er o he C y a
Z.gnwcrsd, Cal3fax~zia
( S,EN1. )
(CUiIPOi3 M)
On the fifteenth flay of
~~~ City of L3rnrro®d, cali.fcarnSs~, wi11 ~""~""~'
pay t~ tn~ bearer ~t the aPfine of the caupo
city 1"ressurer of said niter, i$y said Parr.
pity, the a of (~ ~'~°"`?
dollars in lewfu aion~y esf he Un ad
Srtates~ being tYse interest then flue
on Sfi~I'f~~Il~dtb PUOL HUP3I),
~T,FCT2UPY 195, Na.
E)a tad Thy 15 ~ 1~~i3
y assurer a e y a
Lynwood, G~a3lfarnia.
3entian 5. R`rsat the pronseda of the sale of said
bands (exnept premium, if any, snfl annrued izsterest) shall
forthwith be turnafl aver and planed to the nr+EQit of s fund of
tF3e City of T:,ynwoafl to be knauan as "SI~IP~SIPtt} :FOUL L3CJND4~
FrT~C'#'2C9~D 1$~j2, COP332'z~t70TIUk~ Fear arifl sha11 be ussfl
4.
exeltarilvel~+ 2"~r the eegttdeition and cc~rih~rtietlort cif ~~S¢~
iriwtidclpa3 1mpxKS~eraeiit deacrltaed to the taond ;arcapasltdrsn drt
th63 recadts..le~ ~'tG~+l'~4A~p e~tie~3t &$$ grc+vdded lk3 r~"t"3'"W~dCn ~~~!`~~ p,~"
th~,i ~C1at~' 1^s" It4tt^nt ~"4dE! fl.Y" ti'18. .`~'a~at@ t3.~ Cal~'errnla e
~e~tlcam 6. 2`het any preitu~s or a~ex~ued dnt~~*edC
reaela~d gram the scald cat aa$Sd bcaric3d ~ha,21 f'QxtYiwlth be
ttxa~n~d aver to stsid ~l~.~od lri s~nid ~re€ti~ttary in ~ ~lartd to be
kziUr~xi tte "SbdT.XA713 PA9L Sf3~iA"3, wTY~aA~ 195> iPi'~~i~~`F ~
FB~tiL?ER?~'Z~i~l ~'p~~.'° TFa~~. ies~' tkze g7Ux°pcaee c7~' ~aa~'2.x~ the ~9x*.1ri-
algaal and interest ra£' Sadd 8apxida tkie Glty ~otirtal~. r,~ tYae Gdt~'
oa° L~nwCacsd sha?'i, at..the t4r~e +~f f'ix3.r~ the ~¢r~e1 '~?~x 1~vy,
azid €axatitaatll~ thex~ii~'ter unt3,l ~~,~ band"e ~aalfl car txntll
..
thex~a ~.~ a stsat do the tr~sur~ of sadd aslt~ aat a~aart d'~r
that ptar~case staCf3e9.ent ts~ rs~;et tall ~Syttterit caf priiael~aal
~lYid dYitt3E3t can eadd ~+GriE9; ~S t~a~y 87ecieame dtd4a leY~ AriQ
eolleczt a t~ix euff`icdent Eo ~aay the lntesast ran said tcrnd~a
as dt falls date and muatt D&rt of they ~r3ncipsl nm et111 bec€»ne
due asst'taPe the ~Sro~eeds cad a ts~ leaded Etc the nest General
tai lead t~lll he a~°siilat0le, bald tax shall be In ~addltlCan
to all L~th~r t~:tee leaded for taatinlcaipal a+ar~aoBea aril shad
be leaded. and cvlleated as cattier +sdt~ takes, artd saYtall f'orth-
vsdth be3 turzted ~v~sr and pe:2d into Bald Interest ahd x^ea3c~sp-
tleaii f`Uiid. 5a2d ~ttrid shall he u$et8 f+ez^ agp aatkte~ "'Sadse chart
tha psent ox' aaaiid bsaxtda3 and aar~rtairag dntsast theareaia trit~.l
sa31d beanda acrid. dnt~ereest m dully g~aald,
~~.et;2oai '~. What the Cdty ~lerkr shall eex°tii`g tca
_ _
t e paasa~as and admptic~ri o~ th3e- cardlnairtoe ay a •vote aa~" ~e
t2'ic°~8 ttaaa-thdrd$ 4~' all tBiQ TA~,1e1"~ C?t' t12E: Gdty C491dnOdl pf
€~ri~.d Cl~~' 0.t St ~"aRil&iZ' %E~et~i'i~ Cai" raai$ Glty ,frCitiiifi.".~~.p £3$td
~.
ohe:ii esaaae dais c~sdinm~raCe tta b~ ~cib2L&sk*et3 t3Y8Ce in the
E,X£tk~(3D ;C'RS~a 6t naea~p~g~r ti~ ~mra~t.3 eaircaaal~ticsn ~aukr3l~h~d
I~a~ th~rf six sSayw~ ~ week in acid esity. ~fi~ cst~aer nta~l~e ~~'
~DtxGh ~iecti+an np~~ be ~iu~ra.
~ecticara ~. ~'hi~ aitterses~ SR~1:~ t~3c~ e~t'~et
t@~isty t3tt} cB~y~ Prom the date csx"" its ~~~~~~e.
~~r~; sxz~ ~ ~~~~a~ trai.~ 1~tra $~~ Q~
~9s~rssh~ iS3.
J. JAC?{ WILLARD
~yza~rflad, C'~li~or~ai~
AT°~."T:
H. M. CAMPBELL
a~3 y ~¢k is ~ .~~~
~~ xynwae~d, calif arxa#.~ t+~)
s~A c~~ cA~~~xa
cam s~ r.~s ~~ ~~.
~~ ~~~
I.ynr~csc~s, c~ii!"aar»ia,CDp R~cC~~T~~~~taa~ ~h~ ~o~Q~~:
az~dsn~n~e ~~$ iratxncaduoed ~~ a xe~alar ~a~etin of the City
Caunc~a eP ~~id City daaly Pacalc~ an team 3rc~ &~y a~ ~4a~'A1'a,
i~53~ c~nd therem3°t~r ~t ~ s~,~oalar tiza~ caP at~i+3 city
CQUa~ctY1 duly P~~icf ~n the l7th Bay of i~~~aht a~353« ~ r4-r~e~3,
duly ~-~s~~yd end ~dopt~d by ea.icT City Council sand e1C~;ed sand
~~~r~,~~a ~y trn~ caa~-~r ~,e amid City, ~ra~ ttaat 8~id cardinanae
~~~ pg~~ea an~z ~c,pt~c~ ~~ ~ ~~~~ yr ~4 tn~n t~r~-trsirdn
af" tae re~~nbers of paid City C+~un~il, to ~vit~
~~~ Cauneilr~an Bruner Daetweiler Pea.raon,
3neddon and. Willard,
~9a G'ouncilm~n None.
Af3.SN'l's GpuT~C12tCE4tE None.
H. M. CAMPBELL
t~ui~AL} ty ~~" O fay y q
Lyza~a'as~Cl, c~lifcarni~
6.
8TAT~S Off' CALSFORNIA
COUNTY OF I,fiS ANQELE3 ~ ss.
cxmY flF LYN~7flOI3
I, ~ H...,M. ,CAMPBEI:L, City Clerk of the City of
Lynwood, California, 1~0 I3E~EBY CERT3FY that the above
and foregoing is a full, true and correct copy of
Ordinance No, 8 of said City, and that said ordinance
was adopted s~me and by the vats stated an the
certificate attached thereto, and has not been amended or
repealed,
DATED: March 18 , 19530
(SEAL)
fi.