HomeMy WebLinkAboutResolution No. 4140 0
RESOLUTION N0414..
A RESOLUTION OF THE BOARD OF TRUSTEES OF THE CITY OF AZUSA,
MMITDING SECTION 1 OF RESOLUTION NO 412 PASSED BY THE BOARD OF
TRUSTEE$ OF THE CITY OF AZUSA ON THE 9th DAY OF NOVEBMM 19140
Ant ENTITLED "A RESOLUTION OF THE BOARD OF TRUSTEES OF THE
CITY OF AZUSA PROVIDING FOR THE ISSUANCE OF BONDS OF THE VI`PY
OF AZUSA, IN THE SUM OF THIRTY-FIVE THOUSAND DOLLARS (0359000.00)
FOR THE PURPOSE OF ACQUIRING CERTAIN PROPERTIES FOR A IMNICIPAL
WATER SYSTEM."
The Board of Trustees of the City of Azusa do resolve
as follows;
Section 1. That Section 1 of Resolution No 412, passed
November 9th,1914, and entitled,"A 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 Thirty-five Thousand
Dollars ($35,000.00) for the purpose of acquiring certain
properties for a municipal Nater system" be and the same is
hereby amended to read as follows ;
S�9Ti9id 1. That bonds of the City of Azusa in the sum
df Thirty-five Thousand Dollars ($358000.00) be issued with
the provisions of an Act of tae Legislature of the State of
California, entitled, "An Act authorizing the incurring of
indebtedness by cities, towns, and municipal eor?:orations for
municipal improvements, and regulating the acquisition, construc-
tion or completion thereof,"adopted February 25,1901, and with
the acts amendatory thereof and supplementary thereto, and
with the•ordinancea of the City of Azusa;
That said bonds shall be seventy (70) in number and shall
be issues in the denomination of Five Hundred Dollars (0500.00)
each, and the principal and interest thereof shall be payable
in gold coin of the United States. That they shall be dated
Deceffiber 2nd,1914 and shall bear interest at the rate of six
per cent, (6f) per annum, payable semi-annually on the second
day of December, and on the second day of June, of every year
during the lite thereof. Said seventy bonds shall be payable
in the manner following;
Tyro of said bonds on the following date, to -wit; the second
day of December,1915, and two of said bonds on t -.-,e same day
and month of each and every year thereafter, together with the
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interest on all sums unpaid at such date until -the whole
df 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 NO.
MTITED, STATES OF AIMICA,
STATE OF CALIFORNIA,
CITY OF AZUSA,
JIMTICIPAL VIATER SYSTEM n2ROVIMMT BOND.
Azusa, California, 01914.
On the 2nd day of (year of maturity),
the City of Azusa will pay'to the bearer at the office of
the Treasurer of the City of'Azusa, the sum of Five Hun-
dred Dollars (0500.00) with interest at the rate of six
per cent (6%) per annum, payable semi-annually on the
2nd day of December, end on the 2nd day o,f June of each
year, as specified in the interest coupon hereto atm'
tached, at the office of the Treasurer of the City of
Azusa, upog the presentation and surrender of said
interest coupons. Principal and interest payable in gold
coin of the United States . TIiis bond is issued in pur-
suance with the provisions of an Act'of the Legislature of
the State of California,entitled,"An Act authorizing the
incurring of indebtedness by cities, town and municipal
corporations, for municipal improvements and regulating
the acquisition, construction or completion thereof,"
ad&pted February 25,1901, and with all the acts amendatory
'thereof and supplementary thereto.
And it is further certified that all the requirements
of law and of the Ordinances of the Cityii of Azusa have
been fully complied with by the proper officers Tor the
issuing of this bond. That this issue of bonds has-been
authmrized 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 on October
24,1914, and that the total amount of this issue, together
with all the indebtedness of said City, does not, in the
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valuation of all non-operative property in the said City of
Azusa, nor does it exceed the limit provided by the Constit-
ution and laws of the State of California. ,
IN WITNESS WHEREOF, the City of -Azusa has caused this
bond to be signed by the executive of said municipality,
to -wit,
The President of the Board of Trustees of the City of
Azusa, and also by the Treasurer thereof, and to be counter-
signed 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 oonsecu-
tively and signed by the lighographed signature of the Trea-
surer of said City of Azusa,
(SEAL)
President of the Board of Trustees of
the City of Azusa.
Countersigned by
City Clerk of the City of Azusa. -
resurer of the Cicy of Azusa.
That interest coupons shall be attached to each of said
seventy bonds representin#ach installment of interest to
goerue on said bonds up tothematurity thereof, which said
interest coupons shall ue substa,itially in the following
form,to-wit;
NO
On the 2nd day of _(Month of maturity)'
(Year of maturity ) the City of Azusa promises to pay
to the bearer, at the office of the Traaeurer of the City
of Azusa, the sura of Dollars ( ) Gold
Coin of the United States, being the sem-annual interest due
on 11unicipal Water Syatem Improvement Bond 110, t(D1,C, 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 Clerk shall certify to the passaSe
of this Resolu�ion and shall cause the same to be published
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mice in the Pomotrovic. a weekly newspaper of general circulation,
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*published and circulated in said City-of Azusa.
Approved this 2nd day of December,1914.
J. S Col ins
resident of the oard of Trustees of the
City of Azusa.
(Ste+)
ATTEST: _
C,W,Bouldin.
CityvClerk of the City of Azusa.
STATE OF CALIFORNIA,)
SS.
COIINTY'.i.W LOS ANGELES,
I, C.".I.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 pf the City of Azusa,
signed by the President of said Board and attested to by the
City Clerk all at a special meeting held the 2nd day of
December,1914, by the sollowing note;
Ayes; Thompson, Petty, Clark, Collins,
Noes; None..
Absent; Barnes'.
(Seal)