HomeMy WebLinkAboutResolution No. 7470 .0 175
RESOLUTION NO. 747
A RESOLUTION DIRECTING THE CITY CLERi_ OF THE CITY OF AZUSA
TO ADVERTISE FOR SALE: CERTAIN MUDICIPAL BONDS OF SAID CITY.
follows: The Board of Trustees of the City of Azusa do resolve as
That the City Clerk be and he is hereby directed to publish
by two insertions in the Pomotropic, a weekly newspaper of general cir-
culation, published and circulated in said City of Azusa, a notice
inviting proposals to purchase certain I.1unicipal Bonds of said City
in the following form:
NOTICE OF SALE OF STREET ';JORK BONDS
OF.THE CITY OF AZUSA, CALIP61U.IIA.
Sealed proposals will be received by the City Clerk, of the
City of Azusa, California, until 7:30 P. Id., on I'donday, December 17,
1923, to purchase certain I,1unicipal Bonds in said City of Azusa, to -wit:
Street 4ork Bonds in the sum of Thirty-five Thousand
('35,000.00) Dollars. Said Bonds are thirty-five year serials, and are
thirty-five in number, and are all in the denomination of One Thousand
('1,000.00) Dollars each, and the principal and interest thereon are
payable in lawful money of the United States. They are dated IJoveraber
1, 1923, and bear interest at .the rate of six per cent per annum pay-
able semi-annually on the first days of May and fist day of IJovember
of each year.
One of said bonds of the denomination of One Thousand ('1,000.00)
Dollars shall be paid on the first day of IJovember, 1924, and one of said
Bonds of the denomination of One Thousand ('1,000.00) Dollars on the
same day and date of each and every year thereafter at the City Treasury
of said City of Azusa, together with all interest on all sums unpai(. at
such date.
All of said Bonds are issued under the authority of the
act of Legislature of the State of California entitled, "An act author-
izing the incurring of indebtedness by cities, towns and, municipal cor-
porations for municipal improvements and re;,ularing the acquisition,
construction or completion thereof', which became a Law February 25,
1901, and the amendments. thereto, and in accordance with the provisions
of law and the ordinances of said City.
No proposals for said Bonds will be entertained at less than
their face value, to^ether with the accrued interest to the date of
their delivery, and all bids or proposals submitted will be construed
by the Board of Trustees of said City to mean par and accrued interest
to the date of delivery of said Bonds in addition to the premium offer-
ed, whether the bids or proposals set forth the same explicitly or not.
The said Bonds will be ready for delivery on or about Dec-
ember 15, 1923 and will be delivered at the City Treasurer's Office in
the City of .izusa, California, or at any other designated place upon
the payment by the purchaser of all expenses incurring by the delivery
of the Bonds and the transfer of the money necessary to make delivery
and payment equivalent to a transaction at the office of the City Treasur-
er in said City of Azusa.
All bids or proposals ;providing for the 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 sane explicitly or not.
3ith each proposal or bid for said Street 'Work Bonds must be
submitted a certified check drawn upon some Bank in the State of California,
payable to the order of the City Treasurer of the City of Azusa, for
the sum of Five Hundred (q;500.00) Dollars as a guarantee that the bidder
will purchase and pay for said bonds in accordance with his proposal in
the event thb bid .is accepted.
The Board of Trustees of said City reserves the right to re-
176 ject any and all All or proposals. •
By order of the Board of Trustees of the City of Azusa made
at a regular meeting of said Board, November 5, 1923.
ATTEST:
J. 0. DURRELL
City Clerk of the City o "zusa,
California.
Adopted this 5th day of November, 1923-
L. CASE
rest en of the Board of Trustees
of the City of Azusa, California.
J. 0. DURRELL
City Clerk.
STATE OF CALIFORNIA )
COUATY OF LOS ANGELES I SS.
CITY OF AZUSA. )
I, J. 0. Durrell, City Clerk of the City of Azusa, do hereby
certify that the foregoing resolution was duly passed by the Board of
Trustees of the City of nzusa and signed by the President of said
Board at a regular meeting thereof held on the 5th day of November,
1923, and that the same was adopted by the following vote:
AYES: TRUSTEES
NOBS: TRUSTEES:
ABSENT: TRUSTEES
Moon Meier Case Chenoweth, Peirce
None.
City Clerk of the City oAzusa.
Y.,
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