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HomeMy Public PortalAbout1432 (03-30-42) - , . . - _ . ,• , , , :. . . . ,.. , , .� � . . , .. . _ -.. � . , , � • . r , , .. � . . . . � . - � . '. `. ; .. - _,; Y , : . '. . . R - _ . . _ .. ; ' ' _ . ,� - , . � : ,.." ; . . . -. __. � , . , ., _. .. , RESOLUTION N0.' 1 432 '• ' . ., , , , . RESOLUTION DIRECTING.TRANSFER;OF,r,ERTAIN ° , � , � .. MONEY. � . , , . : ... . , � � WHEREAS, this Ctty Cbuncil has heretofore�order.ed the City . -� : .. . TreASUrer-to eetablish a special fund to be known e:s A, & I, .' Districts Nos. 17 18, 20, 22,•2j a.nd.2S, and M;,I, D, No. 1 . Retirement Fund; �nd , � �. , � WHEREAB;�thia City.Council'fias hereto£ore ordered the.City � Treasvrer to.tranefer 4�14,438.66 from'the Special Assessment ,-� � ` and Tax•Relief Fund to�said Retirement;Fund;. the sum.of ^ ��,.906.57� • from`Refunding Trizst Fupd "B"_to said Retirement Fund; and the sum .. �. of ?�7,381.13 from,the General Fund to said.Retiremer.t Fund; and.`_, � WHEREAS,.in•.accordance with Multinle District RePunding corn; `. '`�.tract.heretofore�entered into',b'y the City of Lynwood and Ralpri � ..� . . . , . . . , W Ey�ne, ,Buildin� and, Loan Commiseioner,of,the State of,Califor—_ � . _ ,. : , _ .,.._ _. .. . . � , . ,. -. . , : nia, a;fund has`been ereated clearly;sufficient to;pay.all oP , -. , , . ' ''. the non-consenting bondholder.s in said'proceeding without the .•: ` � ' use oP eaid �14,4j8,66 e,nd.said �7,j�i1.13; and ' � WHEREAS,.a11 of the money now in ssid Refunding Trust Fund y "B" ehould be transferred to s`aid Retirement Funfl,.� ,';F . NOW,�THEREFO.RE, the.�ity Council of.the C1ty of Lynwood •:' does hereby resolve, determine and order a:s'followe: � , °., ,... _,,. . _ . Section l, �,That' the sum of �14 43�.66 �be and .the .same is - � hereby ordered transPerred from ea1id Retirement. Func� 'to the Spe-- - ciel •Assessment and:�Te�c Re11eP: Fund, and that the sum of �7,381,13 .' , �be, and the same is hexeby ordered tra.nsferred from Refunding __ ,:- ' Trust Fund„"B . � Section 2. That_upon the�_making of the aforesaid trsnsfere � , .���"tHere will remain'in said,Retirement Fund an amount clea:r.l , ' Y , . ,. , - ' `"�'.sufficierit .to pay-aTl non-consenting bondhoTders in e.ecordance _ Y .. _ .. . - , . , . . ..- , . . : � , , , : . , . , . : . , , ..1.., .. � , �. . . . . � .�. ' � � - , � � . % � . . . � - � . . . : , . . . . � with,.the provieione of the Aesessment Bond Refunding Act of 1933, as amended, ` . APPROVED AND ADOPTED this 30th day of March, 1g42 . i �. . �\� . T�46F�6 . . ��•..:. . �"ATTEST':�: �,.., ° _ � {�.. . ri:, ,. �� � .. R r�` LJ '�. •. h �- t � + �� ' , , � • `? i ^. : S" .3 � . . . _ . . . , � , . , - l. 4: • .r� . _ - . .. � � � - . . . .. ��� ,. ^ `�r.� - . . ' . . . . . - . � ' . • ��„:. . . , . . • . . � . ..2.. ,, ST.:TE 0� CAI»:FG� NIA J . ' �:C�tiId:Y CF- L0.°, AATGr', �ES s$; CIiY OF LYN�iICGD. ) - Z, �::he ur.3ersi�necl.City Clerk of t!�e City of • Lyno��ood, -io i�ereb,;r,cer_•iiy th�t the-3�ave end ioregoing Resolutica�. �vas du'.y,.�do���ed o,y t1-�� C�i.ty Coundil of- sazd �it�i �t �m�_____gd ourned rr?r;-ialar. n;e=ting thes•eof ,; 1n tY.e City ,':ia11 of said City, ori Che 30thday of . .v . �.y^ � _ . . . _ ,� . � V�.:�,,�. �C;. . . . . . . 'r . . � �.� '�� 24erch , 1'342 , and pssse& b,y the fe2'_^.wing vote: , �+:� � . % ' . �� �� ���,. .�'��'f�:�;.'r . � t . � ,. . � } ,_ n , , � aY�S: CCU TCILir`�'N La.ke; MeMeekin;.�Zimmer�sn a.nd i,� .: �,�.� a c, � v _ . • `. - . Mever. ���� � � ` � � � � � . � � �� _. ' NOF�:� : CCUCIC IL.a�Yv` None . . :�is3ENT: CCI.�;Oii,i�:sN ChMetensen. . . . . . � � " � . " . a , � cz2��r� c�„s:�h, cz�t�� oF .��Ntv ll ' f . �. ,