HomeMy WebLinkAboutResolution No. 1110• _� We
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RESOLUTION NO. ///o
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA,
BEING AN ORDER PROVIDING FOR THE ISSUANCE OF STREET IMPROVEMENT BONDS
PRESCRIBING THE DENOMINATION OF SUCH BONDS AND OF.THE INTEREST COUPONS
ATTACHED THERETO.
WHEREAS, the City Council of the City of Azusa did, on the
sixth day of September, 1927, pass its Resolution of Intention
No. 1031 for the improvement of Santa Fe and Dalton Avenues in said
City under and pursuant to the provisions of the "Improvement Act of
1911," and the amendments thereto and to the resolutions, notices and
other proceedings of said Council duly adopted and taken, reference to
said Resolution of Intention being hereby expressly made for further
particulars; and
WHEREAS, the contract for said work and improvement was duly
awarded and thereafter duly completed to the satisfaction of the Street
Superintendent of said City and this Council whereupon an assessment,
diagram and warrant were made, recorded and delivered to the contractor
in time, form and manner as required by said act, and the contractor
having made due return thereon and the same having been duly recorded;
and
PIHEREAS, on May 17th, 1928, the Street Superintendent of
said City made and filed with the clerk of this City a complete list
of all assessments unpaid thereunder upon the respective assessment or
diagram numbers thereon, whereupon said clerk gave notice of the fil-
ing of said list, and fixed in said notice Monday the 4th day of June,
1928, at the hour of 7:30 o'clock P. M., as the time when interested
persons might appear before the City Council and show cause why bonds
should not be issued upon the security of the unpaid assessments shown
on said list, said time being that of this regular meeting of said
Council; and said Council having heard all objections and having passed
upon the same, it is hereby determined that the assessments unpaid
thereunder and the aggregate amounts of same are as follows:
i
0 • 0
LIST OP UNPAID ASSESSMENTS
Diagram &
Assessment
Amount of Unpaid
Number
Lot
Blook
Subdivision
Assessment.,
5
35
30
Map
of
Azusa M.B. 15-93
' 2.33
6
34
30
of
If
to "
2.33
7
33
30
to
It
it
2.33
B
32
30
If
to
of It
2.33
9
31
30
If
of
is if
2.33
10
30
30
to
It
to
2.33
11
29
30
"
if
" i.
2.33
12
28
30
If
"
of of
2.33
13
27
30
of
of
of If
2.33
15
25
30
to
to
ofit2.33
16
24
30
to
It
^ to
2.33
26
42
30
If
•'
to "
96.08
34
6
31
to
it
" of
276.35
36
7
31
"
It
It It
92.12
36
a
31
if
of
" If
92.12
37
9
31
of
it
". "
92.12
38
10
31
If
"
of to
92.12
40
l7
Q1
it
"
If is
09 19
40
12
31
It
It
of of
92.12
44
15
31
It
if
of is
92.12
45
24
18
If
It
of If
92.12
46
23
18
to
"
If "
92.12
47
22
18
it
It
of of
76.02
MAY 17 1928
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The amount of unpaid assessment list is $.f&;76. ,
/6 s.
Certain assessments have been paid since in amount $/6s- 8--0
THE TOTAL OR AGGREGATE AMOUNT OF SAID ASSESSLU MT REMAINING
UNPAID IS THE SUM OF 9 ---
NOW THEREFORE, in consideration of the premises, the City
Council of the City of Azusa do order as follows:
Sectionl. That bonds shall be issued upon the security of
the unpaid assessments to said amount of $ 12-11. 5 -5 --
in accordance with the provisions of said improvement act and the
"Improvement Bond Act of 1915" and under and pursuant to the resolutions,
notices and proceedings of said board duly adopt�g.�, d taken; said bonds
shall be called "Improv em t Bonds", shall be i-s��en— ) in number,
shall be dated e 9 � • ,1928; and the denominations
of said bonds and the interest coupons required to be attached thereto,
with their respective numbers and dates of maturity, are as follows:
Bond No. Series No.pp Amount of Bond Dollars Date of Maturity .
1 U Y0,,7 V July 2nd, 1929.
2 YO•7 9 July 2nd, 1930.
3 July 2nd, 1931.
4 July 2nd, 1932.
5 July 2nd, 1933.
6
July
2nd,
1934.
7
July
2nd,
1935.
8
July
2nd,
1936.
9 - —
_ _ _ 8 D,7 S/
July
2nd,
1937.
10
v 7
July
2nd,
1938.
11
July
2nd,
1939.
12
July
2nd,
1940.
13
„r
July
2nd,
1941.
14
July
2nd,
1942.
rr
15
�'D,7
July
2nd,
1943.
0 0•
a •W
Section 2's Saia bonds s1,aL':. be iisued in series, and
the unpaid assessments as shown, or said list filed by the Suporintendons
of Streets and determined by the Ci„y Council together with interest
thereon, shall remain and constitute a trust fund for the redemption
and payment of said bonds and of tho interest which may be duo thereon,
which unpaid assessments shall be payable in annual sories correspond-
ing ..n number to the number of series of bonds issued, and an ovon
annual proportion of each assessment issued, and an even annual pro-
portion of each assessment shall be payable in each year preceding the
date of the maturity for each of the several series of bonds issued,
and such proportion of each assessment coming due in any year, together
with the annual interest thereon, shall in turn be payable in install-
ments as the general municipal taxes of said City on real property are
payable; and shall become delinquent at the same times and in the same
proportionate amounts and bear the same proportionate lJonalties for
delinquency.
Said bonds shall be.signed by the Treasurer of said City and
countersigned by the clerk who shall affix thereto the official seal of
said City; the interest coupons affixed thereto shall be signed by the
Treasurer or bear his engraved, printed or lithographed signature; and
such signing and sealing of said bonds by said officers and signing of
said coupons by said Treasurer shall cohstitute.and be a sufficient and
binding execution of each and every one.of said bonds,and all of the
coupons thereof. respedtively. Said bonds shall be substantially in the
form sot forth in said Improvement Bond Act..
The interest coupons attached to each of said bonds and ev-
idencing the interest to accrue thereon shall be numbered consecutively
and be substantially in the following form, to -wit:
Coupon No. 22, 9-3
The City of Azusa, California, will pay to the bearer hereof
on the second day of July, 19 , 0 at the office of the
City Treasurer, said sum being the seri-annual interest due on Improve-
ment Bond No. 1 of Series No.
Dated: , 19
City Treasurer.
Section 3. Said bonds sholl be forthwith delivered to the
conc.-.-actor in satisfaction of the W ante due hir.: upon his assessment
aud..iar. ant.
I hereby certify that th3 fo:r—e, 'Y; resolution was duly adopted
b.r the t-o•-�-�. �..,� �.° t-ao ;,.Ly cf Szusa at a
,s�etilLg field 2 , 132r%, by tic) following vo e of the
council:
C_YES:
NOES:
ABSETI'1' :
tnie j i`;,' .Yc/
Y
.'i..sk of the City of Az.xs.
'92�<
t'.1 -yo::- of th6 City of Azusn.