HomeMy WebLinkAboutResolution No. 10473
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A RESOLUTION C.P 13.5 C-;`_:: CID -.U1011. i OF THE OITT OF AZUSA.
BEING AN ORDER PROVIDING FOB TEE !7S3U .:$ CE' i='PRUT IMPF0%1P1Z �T bOPIA9
PR)ACR7BiNG THE Dai?ONtLid ^1I(Y1 CF &UC3 :dO:Lei IIID OF 5;Z IN'PEREST COUPONS
ATTACHED T:IERETO,
WHE'RE3S, the Board of Trustees .f rho City of Azusa did,
on the 7th day of February . 1027 , pass its Resolution
of Intention No. 948 f0a t,.e : r.: cv^ r o= r. of the Alleys In Blocks 28,
299 36 and 37 Map of Azusa M.R. 15-93
in said City und.or and hu.^rr.ant to She provisions of the Improvement
Act of 1911 , and tno amondments thereto and to the resolutions,
notices and other proceedings of said Board duly adopted and
taken, reference to said R.osolution of Intention being hereby expressly
made for further particulars; and
WIEiREAS, 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, dic.grcm and warrant were made, recorded and delivered to tho
3ontra^•tor in time, form mid raarrcr as required by said ac`,, and the
contractor having made due return thereon and the same having been duly
re;:orded; and
WERE3S, on October 19th , 19 27 , the Street Super-
intendent of said City made and filed with the clerk of this City a com-
plete list of all assessments unpaid theraundsr upon the respective assess-
ment or diagram numbers thereon, whereupon said clerk gave notice of the
filing of said list, and fixed in said notice Monday the 7th
day of November , 1927 . at the hour of 7:30 o'clock P. DS., as
the time when interested porsor_s might arr0oar before the City Coursi.l find
show cause why bcnc•.s should not be i.s3ued upon the security of the unpaid
assessments shown on acid 'list, said titre being that of this regular meat-
ing of said council; aaC. said council havi.ni; hoa-i. all objecticrs and hav-
ing passed upon the sat e, 't is h.erol 0.e1U'er1nino,i. that tho assessments in -
paid thereunder and cltr aog€ : 3gats aaivuits of Came are as f0l10w3:
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LIST
Or, UNPAID ASSESSMENTS
Diagram L
Assessment
Amount of Unpaid
Number
Lot
Blook
Subdivision
Assessment
15
12
29
.87
20.
13
29
.87,
25,
14
29
.87
37
23
29
23.73
39
25
29
23.73
40
26
29
23.73
64
48
29
23.73
65
49
29
23.73
75
33
36
23.73
76
34
36
23.73
77
36
36
23.73
78
36
36
23.73
79
37
36
23.73
80
38
36
23.73
84
42
36
23.73
117
25
37
23.73
118
26
37
83.73
123
31
37
23.73
124
32
37
23.73
125,
33
37
23.73
126
34
37
23.73
142
8
36
40.67
143
9
:96
6.10
144
10
36
6.10
159
19
36
23.73
-ljFe
.] r�
-b8-
Wpp
r75 �� / v�Z 9 2 7
188
6,
28
2.80
•
0
LIST OF UNPAID ASSESS3LNTS
Diagram &
Assessment
Amount of Unpaid
Number
Lot
Block Subdivisiott
Assessment
190
6
26
2.80
192
7
28
18.71
203
18
28
23.73
204
19
28
23.73
216
32
28
4.74
219
33
28
14.23
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-39
-36
9*49
4--01,', /7 �16J
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T® TO AL OS AM ==AF BAIA.ASMSMT MAID I9 W
661 4P $ 597.09
POW 2HEREP03EO in consideration of the premises., the City
Council.of the City of Azusa do order as tollo;6s;
Section 1. That bonds shall be issued upon the security of the.
unpaid assessments to said amount of $ 597.09
in accordance with the provisions of said improvement act and -.the "Improve-
ment Bond Ao* 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,,ahall_
be dated November 7th 9. 19, 27 ; and the denominations of
said bonds and�tho interest coupons required to be attached thoreto,•with
their respective numbers and dates of maturity, are as follows:.
Bond No.
Series No.
Amount of Bond Dollars
Date of maturity
1
E
$ 39.80
July
2nd,
1929
2
E
39.80
July
2nd,
1930
3
E
39.80
July
2nd,
1931
4
E
39.80
July
2nd,
1932
5
E
39.80
July
2nd,
1933
6
E
39.60
July
2nd,
1934
7
E
39.81
July
2nd,
1935
B
E
39.81
July
2nd,
1936
9
E
39.81
July
2nd,
1937
10
E
39.61
July
2nd,
1938
11
E
39.61
July
2nd,
1939
12
E
39.81
July
2nd,
1940
13
E
39.81
July
2nd,
1941
14
E
39.81
July
2nd,
1942
15
E
39.81
July
2nd,
1943
*164i ;
fJ .,,c �v 47 1"a i
Section 2, Sada bor a sial'_ `.,e issued in series, and
the unpaid assessments as shows, on sazd list filed by the Suporintendcsrs
of Streets and determined by tha (dry 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 due thereon,
whi.eh unpaid assessments shall be payable in annual series correspond-
ing tin number to.the number of series of bonds issued, and an even
annual proportion of each assessment.issuod, 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 tonalties 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 constitute 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 Improvement Bond ?let.
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: 1116, % 6
Coupon No._2 113
The City of Azusa, California, will pay to the bearer hereof
on the second day of July, 19 29 , 4 /, 3 ? at the office of the
City Treasurer, said sum being the semi-annual interest due on Improve-
ment Bond No. 1 of Series No. E
Dated: November 7th , 1927 .
City Treasurer.
Section 3. Said bonds slw ll be forthwith delivered to the
contractor in satisfaction of the balance due hin upon his assessment
a-nd. war:ant.
I hereby certify that the fo>ezu resolution was duly adopted
b,T the City Council o.'. t'.u+ a.'Vy cf Szusa at a regular
in. -*ting held November 7th , li 27 , 'h the following vote of the
Council:
AYES
NOES:
of the City of 1_zuQr,
;lt),\r ed tnis 7th A; -\\ November 7 -927
!.i :yor of the City of Azusa.
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