HomeMy WebLinkAboutResolution No. 415f
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NO 1Q 8.
A RESOLUTION OF THE BOARD OF TRUSTEES OF THE CITY OF AZUS1
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AMMMING SECTION 1, OF RESOLUTION NO 411 OIr' THE BOARD OF
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TRUSTEES OF THE CITY OF AZUSA, ENTITLED,"i RESOLUTION OF THE
BOARD OF TRUSTEES OF THE CITY OF AZUSA, PROVIDING FOR THE
ISSUANCE OF BONDS OF THE CITY OF AZUSA, IN THE SUM OF TWIiTY
THOUSAND DOLLARS (0200000.00) FOR THE PURPOSE OF ACQUIRING
CERTAIN PROPERTIES FOR A IS ICIPAL ELECTRIC DISTRIBUTING
SYSTEM IN SAID CITY."
The Board of Trustees of the City of Azusa do resolve
as follows;
SECTION 1. That section 1 of Resolution NO 411, passed
the 9th day of November 1914, and efttitled"A RESOLUTION e
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the Board of Trustees of the City of Azusa ,providing $or
the issuance of bonds of the City of Azusa in the sum of
Twenty Thousand Dollars (020,000.00) for the purpose of
acquiring certain properties for a municipal electric distri-
buting s$rstem in said City ", be and the same is hereby amended
to read as follows;
SECTION 1. That bonds of the City of Azusa in the sum
of Twenty Thousand Dollars ($20,000.00) be issued in accordance
with the provisions of an Act of the Legislature of the State
of California, entitled,"A3d act authorizing the incurring of
indebtedness by cities, towns, and 4iunicipal corporations for
municipal improvements and regulating the acquisition, construe -
tion, or completion thereof," adopted February 25,1901, and
with the acts amendatory thereof and supplementary thereto,
and with the ordinances of said City of'Azusdj
That said bonds shall be forty (40) in number and shall be
issued in the denomination of Five Hundred Dollars (0500.00)
each, and the principal and interest thereof shall be paid
in gold coin of the United States. That they shall be dated
December 2nd,1914, and shall bear interest at the rate of six
per cent (05) per annum payable semi-annually on the 2nd day
of December and on the second day of June of every year during
the life thereof. Said forty bonds shall be payable in the
manner following;
One of said bonds on the following date,to-wit; the
second day of December,1915 and one of said bonds on the same
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day and month of each and every year thereafter,together
with the interest an all stuns unpaid at such date unt it
the whole of said bonds, together with the interest to
accrue thereon, is paid,
Said bonds and'said interest shall be payable at the
office
of the
Treasurer of the
City
of Azusa;
and said
bonds
shall be
substantially
in the
following
form,to-wit;
$500,00 N01W
UNITED STATES'OF AN ERICA,
STATE OF CALIFORNIA,
UITY OF AZUSA,
MMICIPAL =CTRIC SYSTEM WROVEP.WT BOND,
Azusa California, 1914.
On the 2nd day of (year of maturity),
the City of Azusa will pay to the bearer at the office of
tbLe Treasurer of the City of Azusa , the stun of Five Hundred
Dollars ($500,00) with interest at the rate of six per cent
(6�) per annum, payable semi-annually on the 2nd day of
December, and the 2nd day of June of eachy ear, as specified
in the interest coupon hereto attached, at the office of the
Treasurer of the City of Azusa upon the presentation and
surrender of said interest coupons. Principal and interest
payable in gold coin of the United States. This bond is
issued in pursuance with the provisions 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 improvements'and
regulating the acquisition, construction or completion
thereof," adopted February 25,1901 and with all the acts
amendatory thereof and supplementary thereto.
And it is further certified that all the requirements
of late and of the Ordinances of the City of Azusa have`been
fully complied with by the proper officers for the issuing
of this bond, That this issue of bonds has been authorized by
the vote of two-thirds of all the voters voting on the
question of such issues at a special election duly and
regularly called and held in said City ont0etober 2491914,
and that the total amount of this issue, together with all
the indebtedness of said City, does not, in the aggregate
-- _-, „„ „e„+ (is,') ns tnn assessed valuation
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of all non-operative property in the said City of Azusa, nor
does it exceed the limit provided by the Constitution and
laws of the State of California.
IN WITNESS mzwop, the City of Azusa has caused this bond
to be signed by the executive of said municipality, to�wwit;
The President of the Board of Trustees of the City of
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Azusa , 2nd also by the Treasurer thereof, and to be countersigned
by the City Clerk -of said City, and the corporate seal of
said city to be affixed thereunto, and the said City has caused
the coupons thereto attached to be numbered consecutively
andisigned by the lithographed signature of the Treasurer of
said City of Azusa.
City of
Countersigned by
City Clerk of the City of Azusa.
(SEAL)
Treasurer of the City of Azusa.
That interest Coupons shall be attached to each of said
forty bonds representing each installment of interest to
accrue on said bonds the to the maturity thereof, which said
interest coupons shall be substantially in the following
form, to -wit;
N0.
On the day of '(month of iiaturity)
(year of maturity), the,C3ty of Azusa pro-
mises to pay to the bearer, at the office of the Treasurer
of the City of Azusa, the sum of Dollars,( )
Gold Coin of the United States, being the semi-annual
interest due on Municipal Electrthc System Improvement Bond
N0. (No.of bond to which coupon is attached.)
Treasurer of the City of Azusa.
Section 2. This Resolution shall become in full force
and effect immediately upon its adoption.
Section 3, The City Ulerk shall certify to the passage
of this Resolution and shall cause the,same to be published
once in the Pomotropic,a viehkly newspaper of general
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c1rculation published and circulated in•said City of
Azusa.
Approved this 2nd day of December,1914.
J S Collins'
Pres den of t e Boara of Trustees of the
City of Azusa.
ATTEST:
(Seal)
C W Bo din.
C v er o he i y of zusa.
STATE OF CALIDORNIA,
as.
COUiQTY OF LOS ANGELES,
I. C.A.Bouldin, City Clerk of the City of Azusa,
do hereby certify that the foregoing Resolution was duly
passed and adopted by the Board of Trustees of the City of
Azusa, signed by the President of said Board and attested
to by the City Clerlc, all at their special meeting held on
the 2nd day of December,1914, by the following vote;
Ayes; Thompsgn,-Petty�,Clark, Collins.,
Hoes; Bone.
Absent; Barnes.
City Clerk of the u1sy ofzu` ► usa,
(Seal) / �a ti� C V
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