HomeMy WebLinkAboutResolution No. 091 RESOLUTION NO.�,
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3 The Board of Trustees of the Citv of Azusa do resolve as
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5 That the City Clerk be, and he is hereby directed to
6 publish bir one insertion in THE POMOTROPIC, a weekly newspaper
7 of general circulation, published and circulated in the said City
8 of Azusa, and also, by one insertion in THE LOS ANGELES TI141ES, a
9 newspaper published in the City of Los Angeles, a notice inviting
10 proposals to purchase Water Works Improvement Bonds, in the
11 following form:
12 NOTICE OF SALE OF WATER WORKS IMPROVEMENT BONDS OF THE CI`1'Y
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OF AZUSA, CALIFORNIA.
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Sealed proposals will be received by the City Clerk of the
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City of Azusa, California, until 7:30 o'clock, P. M. of
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September�5 °� 1906, to purchase Pater
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Works Improvement Bonds in the amount of Eleven Thousand
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($11,4000.00) Dollars.
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Said bonds are 40-ye4erials, and are forty in number,
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each in the denomination of $275.00, dated September 1st, 19060
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bearing interest at the rate of six per cnet, per annum, payable
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semi-annually on the let day of March and the 1st day of Septem-
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ber of every year. Principal and interest payable in lawful money
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of the United States at the office of the City Treasurer of said
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City. One of said bonds is due and payable September 1st, 1907;
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and one of said bonds on the same day and date of each ancl�every
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year thereafter. I1
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Said bonds are issued under the authority of the Act of
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the Legislature of the State of California, entitled, "An Act
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authorizing the incurring of indebtedness by cities, towns and
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municipal corporations for municipal improvements, and regulating
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he acquisition, construction orCcompletion thereof," vhich be -
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1 came a law February 25, 1901, and in accordance with the pro -
2 visions of law a+e Ordinances of said City.
3 No proposals for said bonds will be entertained at less
31 I� G. E. GLOVER
32 City Clerk of the City of Azusa, California
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than their face value, together with the accrued interest to the
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date.of their delivery, and -al -1 bids or proposals submitted will
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be construed by the Board of Trustees of said City to mean par
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and accrued interest to the date of delivery of said bonds, in
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addition to the premium offered, whether the bids or proposals
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set forth the same explicitly or not.
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The said bonds will be ready for delivery on or about the
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12th day of September, 1906, and will be delivered at the City
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Treasurer's office in the City of Azusa, California, or at any
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designated place upon the payment by the purchaser of all ex-
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penses incurred by the delivery of the bonds and transfer of the
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money necessary to make delivery and payment equivalent to the
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transaction at the office of the City Treasurer in the said City
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of Azusa. All bids or proposals providing for delivery at any
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place other than the City of Azusa, California, will be construed
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by the Board of Trustees to mean the price bid in addition to the
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expenses of delivery, whether the bid or proposal sets forth the
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same -explicitly or not.
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With each proposal or bid must be submitted a certified
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check drawn upon some bank in the County of Los Angeles, payable
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to the order of the City Treasurer of the City of Azusa for an
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amount equal to three per cent. of the total amount bid, as a
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guarantee that the bidder will purchase and pay for said bonds
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in the event the bid is accepted. The Board of Trustees of said
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City reserves the right to reject any and all bids or proposals.
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By order of the Board of Trustees of the City of Azusa,
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made at a regular meeting of said Board Augabt 22nd, 1905.
31 I� G. E. GLOVER
32 City Clerk of the City of Azusa, California
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1 The City Clerk shall certify'to the passage of this
2 Resolution.
3- �- adopted this 22nd day of August, 1906.
6 resi endo oar of Trustees
of the City of Azusa.
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1A �M F l V
iLr7y Clerk of the Uity or Azusa.
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STATE OF CALIFORNIA,
CITY OF AZUSA.
SS.
I, G. E. GLOVER, City Clerk of the City of Azusa, do here-
by certify ',hat the foregoing Resolution was passed by the Board
of Trustees of the City of Azusa, State of California, end
signed by the Ptesident of said Board at a re;ular meeting
trereof, held August 22nd, 1906, and that the same was passed by
the following; vote:
Ayes:
Noes:
23 11 Absent:
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2�;:
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City Clerk° oithe City of 4zusa,
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