HomeMy Public PortalAboutOrd. 0505ORDINANCE NO. 505
AN ORDINANCE OF THE INCORPOPATED CITY OF LYNWOOD
ESTABLISHING TAX DISTRICTS NUMBERS 1 AND 2 OF
SAID CITY, FIXING THE RATES OF'.TAXES, AND LEVYING
TAXES FOR THE FISCAL YEAR BEGINNING JULY 1, 1949,
AND ENDING JUNE 30, 1950.
The City Council of the City of Lynwood, California, does
ordain as follows, to -wit:
Section 1: That for the purposes of taxation, all of that
territory and lands lying and being in the corporate limits of the
City of Lynwood, California, prior to July 1, la ' 41 be known as and.
constitute tax district No. 1 of said City.
Section 2: That all of that territory and lands known as
"Broadacres" and "Ozell Manor Annex No. 1 and No. 2" and described as
follows:
Beginning at the intersection of the westerly line of
Bullis Road with the westerly prolongation of the
southerly line of Tract No. 15325 as per map recorded
in Book 338, Pages 29 and 30 of Maps, Records of Los
County, California; thence easterly along said
Angeles .
southerly line to the easterly line of Bradfield Avenue;
thence northerly along said easterly line of Bradfield
/
Avenue to the northerly line of Carlin Avenue (33 feet
wide); thence easterly along the northerly line of Car -
lin Avenue to the westerly line of Caress Street; thence
the westerly line of Caress Street and
northerly along
the easterly line of Tract No. 11378 as per map recorded
In Book 203, Pages 27 and 28 of Maps, Records of said
County, to the northerly line of said. Tract, said list
described point being on the southerly boundary line of
the City of Lynwood as said boundary line existed on
July 1, 1949, thence westerly along said boundary line
and following the same in all its various courses, to
the point of beginning; in Los Angeles County, California,
be known
as and constitute Tax District No. 2 of the City of Lynwood.
Section 3: That the amount of money necessary to be .raised
by taxation upon the taxable property within the corporate limits of
the City of Lynwood, County of Los Angeles, State of California, in-
cluding Tax District Number 1 and 2 of said City, to provide for carry-
ing on the various functions of municipal government in said City for
the fiscal year beginning July 1, 1, and. ending June 30, 1950, is
hereby fixed at the sum of One Hundred Sixty -seven Thousand One
Hundred Eighty -three Dollars and Seventy -nine Cents (167,183.79)•
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Section 4: That in addition to the amount of money neces-
sary to be raised as aforesaid, the amount of money necessary to be
raised by taxation upon the taxable property within the corporate
limits of said City in Tax District No. 1 and No. 2 of said City to
provide for the payment to the State Employees' Retirement System ac—
cording to the terms of contract with the State of California for
making the officials and employees of the City of Lynwood members of
the State E,moloyees' Retirement System; authority for the execution
of said contract is granted by Ordinance No. 426, adopted by a vote
of the qualified electors of the City of Lynwood the 16th day of
April, 1946. For the fiscal year beginning July 1, 1949 and ending
June 30, 1950, it is hereby fixed at the sum of Forty -nine Thousand,
Two Hundred Ninety -nine and Thirty /One - hundredthe Dollars (,49,299.30).
Section 5: That in addition to the amount of money necessary
to be raised as aforesaid, the amount of money necessary to be raised
by taxation upon the taxable property within the limits of Tax District
No. 1 of said City of Lynwood, to provide for the payments of the an-
nual interest, and that portion of the principal as shall become due
before the time for fixing the next general tax levy of those certain
bonds in the principal amount of Fifty Thousand and No /One- hundredthe
Dollars ($50,000.00) as authorized by Ordinance No. 94 of said City
of Lynwood, adopted on the let day of October, 1927, by the Board of
Trustees of said City, is the sum of Five Thousand Tt -,ro Hundred Forty -
six and 35/100ths Dollars ($5,246.35)•
Section 6: That in addition to the amount of money necessary
to be raised as aforesaid, the amount of money necessary to be raised
by taxation upon the taxable property within the corporate limits of
said City and in Tax Districts Nos. 1 and 2 of said City, to provide
for a capital fund, for capital outlays and for public improvements,
to -erit: public parks as authorized by provisions of Ordinance No. 322
of said City, for the fiscal year beginning July 1, 1949 and ending
June 30, 1950, is hereby fixed'at the sum of Three Thousand, Nine
-2-
I
Hundred Forty -three and 94/100ths Dollars ($3,943•ay').
Section 7: That for the purpose of raising the sums of money
necessary to be raised by taxation upon the taxable property within
the City limits of said City of Lynwood as the revenue to carry on
the function of the variolis departments of said City; to provide a
park capital account; to provide payment to State Employees' Retirement
Fund as authorized in Ordinance No,. 426, and to retire the bonds and
coupons becoming due as provided by Ordinance No. 94, the rates of
taxes are hereby fixed and taxes are hereby levied on all taxable pro-
perty within the City limits of said City, included in Tax Districts
Numbers 1 and 2.for the fiscal year beginning July 1, 194.0 and ending
June 30, 1950 upon each x;100.00 as the assessed value of said property
as assessed by the County Assessor and equalized by the Board of Super-
visors of the County of Los Angeles, State of California, for the said
fiscal year, as follows:
TAX DISTRICT
No.l No.2
For General Purposes • 8478 .8478
For the Park Fund • .02
For the Interest and Sinking Fund
for City Hall Bonds Authorized at .0272
Election Held October, 1927
For City's Contribution to State
Retirement Fund authorized at
Election Held April, 1946 2 5 — - 2
$1.1450 $1.1178
Section 8: That the City Clerk of said City shall certify
to the passage of this ordinam e and cause the same to be published once
in the Lynwood Press, a weekly newspaper of general circulation, pub-
lished and circulated in said City of Lynwood.
First read at a regular meeting of the City Council of said
City held on the 16th day of August, 1949 and finally adopted and ordered
adjourned
published at an regular meeting of said Council held on the 22nd day
of August , 1949, by the following vote:
AYES: Councilmen Bruner, Willard, Williams.
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NOES: Councilmen None.
ABSENT: Councilmen Jensen and Stroh.
ATTEST: -'
ITy OLERK, G OF T NINUL)
J
gp roved as £o torrr
City Attorney
OF CALIFOR4I_A )
OOUN OF L05 AITGELES� ss.
CILY Or LYDWOOD )
I, the undersigned, City Clerk of the City
of J.ynTaood, and ex— of.Zici -c- - clerk of the Council of said
Co hereby certify that the above is a true a.nd
coreect copy of Ordinance No. 503_ adopted by the
City Council of the City of Lynwood and that sane,r,:r s
passed on the date and by the vote therein stated,
Dated this 24th day of August __,. 1949
01liY CLERK 0 i CI ;i`Y "w L Z'900D
• J