HomeMy WebLinkAboutResolution No. 1057.. . Racxzhn
A RESOUkION, OF1'If2 CITY COUNCIL OF TTM CITY OF 1U1tSA'i
BEING At OR= PROVIkk FbA THE WSjT1A1X8 OF. STAV IMOVEZIE0 .b0f d
PRPSCRIBING * DEW6ki9NdTf4 Ol SUCH BONDS 2-'h 6VZtE, INTEREk COUmm
ATUCHM -TBE " T0.
Wf$ MS1 the Board of Truste¢s of the City of Astiea dial,
on the- 16th day of May. ; '1.9, 27 , pass its ROMIlitiOn
of thtention No. 986 for: the istp:ovament_uf
Second Street
in said City under and pursuant to the provisions of.$lie Vrooman Act
j and the amendments thereto and to the rbsblutions,
notices and other prodeedi_iigs.of said Board duly adopted and
taken, reference to eeid Resolution of Intentioh Tieing hereby expressly
made for further particulars; and
WEEflE.1S, the contract for said work and improvement was duly
awarded and thereafter duly completed to the satisfaction of tho.Streot•'
Superintendent of said City and this Board. wlieieupon an..
assessment, diagram and warrant were made,' recorded and delivered to the
.on:tra3to: in timo, . form, anti inatiuor, ad r64uirod by said act s and the
oontracor having mado due return thoreon and the sumo having boon duly
recorded; and
4ME&6, on December 15th : , 19, 27;, the Street Super-
intendent
uperintendent of said City made aria filed With the clerk of this City a com-
plete list of all assessments unpaid,tldrounder upon the respective assess-
ment or diagram numbers thereonj,whereupon said blerk gave notice of the
filing of said list, and fized,in said notice Tuesday the ,3rd
day of January 15 28 i at the hour of 7:30 of.olock Pc'11,, as
the time when interested persons might sppe4r. before the City Council and
ohovi cause why bonds should not be issued` upbii the security. of the unpaid
ass3seawnts shorn on said 'list, said time being th,at.of this,rogalar meet-
ing of said council; and said council &living hbard d1l objections and hav-
ing passed upon the tame, It is horol,y determined that the assessments un-
p,::.d thore•mdor and am6unts of same are as Follows:
• 0 ! . .0 0 0
LIST OF UNPAID A35f)8'MMTS
Dia;m- n &
t.cQee=nt
Amount of Unpaid
Ilurber
Lot
Blcok
Subdivision
Aeoeedmont
1
19
fib
?lap
of
Azusa U.R.
18-93
$ 2.94
2
20
68
"
OR
n
OR
2.94
3
21
68
it
of
of to
n
2.94
4
22
68
a
It
Of If
n
2.94
5
23
68
of
of
it to
U
2.94
6
24
GS
of
of
to "
"
238.06
7
20
77
n
If
to of
of
236.06
8
21
77
of
it
n Of
it
2.94
9
22
77
n
Of
of If
if
2.94
15
28
77
"
"
it It
It
2.94
16
29,
77
toitifof"(lo.
28 ft. of.)
1.49
17
7
68
of
is
OR
n
1.28
23
1
77
"
of
of "
It
241.66
24
2
77
n
of
to it
If
4.67
25
3
77
to
of
" of
It
4.67
29
7
77
it
n
If "
Of
4.67
32
10
77
to
to
" to
" Wo.
25 ft. of.)
2.38
33
41
Uountain Oiow Traot M.B.
12-65
287.33
34
42
n
n
n n
It
3.39
35
43
"
""
"
3.39
36
44
to
of
It It
to
3.39
45
21
67
Ilan
of
Asuna M.R.
18-93
1.66
46
90.., 22
67
"
It
" "
"
.83 .S
47
23
67
to
to
to "
"
1.66
48
24
67
of
of
of "
of
229.17
49
7
67
"
of
It
"
5.G2
50
8
67
"
of
to "
Is
5.61
51
9
67
"
"
" to
It
5.61
52
10
67
It
of
of it
of
5.61
53
11
67
It
of
11 if
It
8.61
0 0 0
LIB: OF UNPAID ABSF_BSEMITS (OOUTIXUFX)
Diairm i &
Aseeoemont
Amount of Ukpald
Rumbor
Lot
Blootc $ubQivieion
Aesesumnt
54
12
G7 Map of Amusa H.R. 15-93
Q2U4:21
55
44
Mountain View Tract U.B. 12-85
259.61
57
38
n u It n w
3.96
58
37
3.96
61
54
n „ n
3.96
0 0 •
THE TOTAI. OR AOGRKS 4; _..OD;tl OF _;:SID A,SSESS,.ENT UNPAID IS
M
SUI OF 0 1799.06
NOW THEREFORE,
in consid.er<.tion of the premises,
the City
Council of
the City
of Gw.oc, do crde:r ne- rFollvas:
Section
1. Thj.t bonus shall bo issued upon
the security
of
the
unpaid assessments
to said amount of $ 1799.06
in accordance with
the provisions of said improvement
act and the
"Improve-
ment Bond Ac#n; of
1915" and under and pursuant to the
resolutions,
notices
and proceedings of
said board duly adopted and taken;
said bonds
shall
be
called "Improvement
Bonds", shall be FIFTEEN (15)
in number,
shall
be dated
January 3rd , 19 28 ; and the denominations
of
said bonds
and the
interest coupons required to be attached
thereto,
with
their respective numbors and dates of maturity, aro as
follows:
Bond No.
Series
No. Amount of Bond Dollars
Date of Maturity
1
G
$119.93
July
2nd,
1929
2
G
119.93
July
2nd,
1930
3
G
119.93
July
2nd,
1931
4
G
.119.93
July
2nd,
1932
5
G
119.94
July
2nd,
1933
6
G
119.94
July
2nd,
1934
7
G
119.94
July
2nd,
1935
8
G
119.94
July
2nd,
1936
9
G
119.94
July
2nd,
1937
10
G
119.94
July
2nd,
1936
11
G
119.94
July
2nd,
1939
12
G
119.94
July
2nd,
1940•
13
G
119.94
July
2nd,
1941
14
G
119.94
July
2nd,
1942
15
G
119.94
July
2nd,
1943
• 0 0 . • • 6
Section 2. Said. hor36 9ha1_ ba i.,sued in series, and
the unpaid assessments as shows, or :a -d '_ist filed by the Superintond;;rrs
of Streets and detorminod by chi Ci -,y C•ccr_cil together with interest
thereon, shall remain and constitute a trust fund.for the redemption
and payment of said bonds and of the interest which may be due thereon,
:repaid assessments shall be payablo in annual series correspond-
ing in number to the number of series of bonds issued, and an even
a uiu.^1 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 eaah•aesessment 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
payablo, and shall become delinquent at the same times and in the same
proportionate amounts and bear the same proportionate ponalties 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 respedtivoly. Said bonds shall be substantially in the
form sot forth in said Improvomont 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. 2 $ 4.20
The City of Azusa, California, will pay to the bearer hereof
on the second day of July, 1929 , 0 4.20 at the off -ice of the
City Treasurer, said sum being the semi-annual interest due on Improve-
mont Bond No. 1 of Series No. G
Dated: January 3rd 19 28 .
ty Treasurer.
Section 3. Said bord.s sholl be forth•,vith delivered to the
contractor.in satisfaction of the ba"ance due hin upon his assessment
and.-aarrant.
I hereby certify th:_t the fre_ui::; resolution was duly adopted
by the City Council o° :..+ :i. Cf l.zusa at a regular a&jSmqmd
m.1et.ing held January 3rd 1.126 , *hy the following vote of the
council:
i_YES
!z✓k c.� G...aa. �/ D�-r-a�'!, �' `A/L(f-��, /!c¢<e�c , C-12c.�...J ! is • "i �-�--1<
NOES: A", f
ABSENT:
of tho City of Azuaa...
co --.d this 3rd ; o-? January '928
PS yoz' of the City of lzusa.