HomeMy WebLinkAboutResolution No. 69W
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Resolution No -LL
The Board of Trustees of The City of Azusa do resolve as follows:
That the City Clerk be,and he is hereby directed to publish by one insertion
In the Pomotropic,a weekly Newspaper of general eirculation,published and
circulated in the said City of Azusa, a notice inviting proposals to pur-
chase Public Park Improvement Bonds, in the following form;
NOTICE OF SALE OF PUBLIC PARK IMPROVEMENTk BONDS OF THE CITY OF AZUSA,CALIF=
ORNIA.
SEALED PROPOSALS WILL BE received by the City Clerk of the City of Azusa,
California,until seven thirty o'clock P.M. of ?Monday November 2nd 1908,
to purchase Public Park Improvement Bonds in the amount of seven thousand
(5r7000.00) dollars.
Said bonds are forty year serials,and are forty in number,each in the den-
omination of one hundred and seventy five ($)175.00) dollars,dated November
seeond,1908, bearing interest at the rate of six per cent. per annum, pay-
able semi-annually of, the second day of May and on the second day of Novem-
ber of every year. Principal ane interest payable in lawful money of the
United States at the office of the City Treasurer of said City. One of said
Bonds is due and payable November second,1909.,and one of said bonds is due
on the same day and date of each and every year thereafter.
Said Bonds are issued under the authority of an act of the legislature of
the State of California, entitled" An act authorizing the incurring of
indebtedness by Cities,Towns and Municipal Corporations for Municipal imp-
rovements,and regulating the acquisition, construction or completion thereof
which became a law February 25th 1901, as amended by an act of the Legis-
lature of the State of California entitled An act amending an -act entitled
" An act authorizing the incurring of indebtedness by Cities,Towns and Mun-
icipal Corporations for Municipal. Improvements, and regulating the acquisit-
ion,construction or completion thereof,' which became a law February 25th
'.
1901, by amending sections 2,5,7 and 9 thereof ", which amendment became a
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law March 19th 1907, and in accordance with the provisions of law and
the ordi:<ances of said City.
No proposals for said bonds will be entertained at less than their face
value, together with the accrued interest to the date of their delivery,
and all bids or proposals submitted will be construed by the Board of Trus-
tees of said City to mean par and accrued interest to the date of delivery
of said bonds, in addition to the premium offered, whether the bids or prop-
osals set forth the same explicitly or not.
The said Bonds will be ready for delivery on or about the 12th Day of
November,1908, and will be delivered at the City Treasurers office in the
City of Azusa,California, or at any designated place upon the payment by
the purchaser of all expenses incurred by the delivery of the bonds and
transfer of the money necessary to make delivery and payment equivalent
to the transaction at the office of the City Treasurer in the said City
of Azusa. All bids or proposals providing for delivery at any place other
than the City of Azusa, California, will be construed by the Board of Trustees
to mean the price bid in addition to the expenses of delivery, whether the
bid or proposal sets forth the same explicitly or not.
With each proposal or bid must be submitted a certified check drawn upon
some bank in the County of Los Angeles, payable to the order of the City
Treasurer of the City of Azusa for an amount equal to three per cent. of the
total amount bid, as a guarantee .that the bidder.will'purchasie and pay for
said bonds in the event the bid is accepted. The Board of Trustees of said
City reserves the right to reject any and all bids or proposals.
By order of the Board of Trustees of the City of Azusa, made at a regular
meeting of said Board October 19th., 1905.
G. E. Glover
City Clerk of the City of Azusa.
Adopted this 19th. Day of October 1909. ,',
(Seal) -�i----�-_ Sj C ------
��;- President of the Board of Trustees
`-- �- 1----------- of the City of'Azusa.
City Clerk of the City of Azusa.
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State of California, )ss.
City of Azusa. )
I,G.E. Glover,City Clerk of the City of Azusa, do
hereby certify that the foregoing resolution was passed by the Board of
Trustees of the City of Azusa,State of California, and signed by the Pres-
ident of said Board at a regular meeting thereof, held on the 19th, Day of
October,1908, and that the same was passed by the following vote:
Ayes: f
Noes:
Absent:v
Attest: ----��-----=------ � ----
(Seal) City Clerk of the City of Azusa.