HomeMy WebLinkAboutResolution No. 0999RESOLUTION N0. 999`
A RESOLUTION OF THE BOARD OF TRUSTEES OF THE
CITY OF AZUSA, BEING AN ORDER PROVIDING FOR THE,- ISSUANCE OF
STREET IMPROVEMENT BONDS PRESCRIBING THE DEN014INATION OF SUCH
• BONDS AND OF THE INTEREST COUPONS ATTACHED THERETO.
WHEREAS, the Board of Trustees of the City
of Azusa did, on the 7th day of February, 1927, pass its
Resolution of Intention No. 949 for the improvement of Sun-
set Avenue 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 Board duly adopted and taken, reference to said. Resolu-
tion of Intention being hereby expressly made for further
particulars; and
WHEREAS, the contract for said work and im-
provement was duly awarded and thereafter duly completed to
the satisfaction of the Street Superintendent of said City
and this Board of Trustees whereupon an assessment, diagram
and warrant were made, recorded and delivered to the contrac-
tor 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
WHEREAS, on June 14, 1927, the Street Super-
intendent of said City made and filed with the clerk of this
City a complete list of all assessments unpaid thereunder up-
on the respective assessment or diagram numbers thereon,
whereupon said clerk gavdt notice of the filing of said list,
and fixed in said notice Tuesday the 5th day of July, 1927,
• at the hour of 7:30 o'clock P. M., as the time when interested
persons might appear before the Board of Trustees 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 board; and .said board having heard
all objections and having passed upon the same, it is hereby
determined that the assessments unpaid thereunder and the aggre-
gate amounts of same are as follows:
Diagram
and Assess-
ment No.
2'
4�
•
Lot Block Subdivision
So: 1/2 of Lot 1, Block B, Azusa Heights Tract,
1 B', M.B. 11-49
So." 1/2 of Lot 2, Block B, Azusa Heights Tract,
22 B M.B. 11-49
LT17 4'A 1T'IIAJ"LHeights i 1 4 L l'
16- B` ❑ tt 11 11 If
21'
161/
Br " If " it It
B/
B'"
B.,
B
I`
I°
" n
" n
Amount of
Unpaid As-
sessment.
97.76
3.56-
70.53
67.29'
67.29'
63.65
63.65'
63.65,
63.65,.-
63.65'
Diagram Amount of Un -
and Assess- paid Assess-.
ment No. Lot Block Subdivision ment.
3 — hts-Tract-65.65-
• 18' 4- I� n n n rr 63.65/
19' 5_ I' n n n n 63.65
20' 6 I n i u 66.88
21� 7- 2' " 77.68`
22/ 18- I' „ v r, 7.63
28' 7, A' n n n n 70.53
29' 8 " r n n' " " 67.29/
32/ 11 i A' v n p IF IF 63.66 �
33 12 A' IF n', ° " IF n 63.66/
• 35/ 14 A' IF IF n n " 63.66
36/ 15- A' IF n it n IF 63.66
121/ 15- J' n " n rr 210.70
37' 8..- J rr n n n IF 63.66/
38,E 9- J IT n IF It " 63.66/
• 39 10 J. It " IF " it 63.66/
41/ 12• J� it IT it. If ,t 63.66
43/ 14 J it IF n n IT
77.69
THE TOTAL OR AGGREGATE AMOUNT OF SAID ASSESSMENT UNPAID IS
THE SUM OF
NOW THEREFORE, in consideration of the premises, the Board
of Trustees of the City of Azusa do order as follows:
Section 1. That bonds shall be issued.upon the security of
the unpaid assessments to said amount of $ 1839.66 in accord-
ance with'the provisions of said improvement act and the "Improve-
ment Bond Act 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 June 1.4, 1927, and bear interest at the
rate of seven (7) per cent per annum from June 14, 1927; and the
denominations of said bonds and the interest coupons required to
be attached thereto, with their respective numbers and d.ates,Of
maturity, are as follows:
If
-2-
\�j%
•
lu
•
Series
Number of
Number
Bond
Denomination
Date
Payable
0
1
122.65'
July
21
1928 '
0
2'
$122.65'
July
2,
19291
0
3
$122.65,
July
2,
1930-
9300
c
4
$122.65-
July
2,
1931 -
0
5-
$122.65,
July
29
1932,
0
6
122.65'
July
21
1933
C
7.
$122.64-
July
2,
1934
C
8.
122.64•
July
2,
1935 -
C
g
$122.64-
July
2,
1936.
0
10•
$122.64
July
21
1937'
0
11'122.64•
July
21
1938
0
12'
$122.64.
July
2,
1939—
c
13
$122.64,
July
21
1940-
0
14 -
$122.64'
July
21
1941/
0
15,
$122.64•
July
2,
1942/
4A
J
•
-3-
4
l
ei�.
0
•
Section 2. Said bonds shall be issued in series, and
the unpaid assessments as shown on said list filed by the
Superintendent of Streets and determined by the Board of
Trustees 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,
which unpaid assessments shall be payable in annual series
corresponding in number to the number of series of bonds
issued, and an even annual proportion 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 installments as the general atunicipal
taxes of said City on real property are payable, and shall
become delinquent at the same times and in the same pro-
portionate amounts and bear the same proportionate penalties
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 affix-
ed thereto shall be signed. by the Treasurer or bear his
engraved, printed or lithographed signature; and such sign-
ing 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 respectively. Said
bonds shall be substantially in the form set forth -in said
Improvement Bond Act.
The interest coupons attached to each of said bonds
and evidencing the interest to accrue thereon shall be number-
ed consecutively and be substantially in the.following form,
to -wit:
Coupon No. 2
$.4.29
The City of Azusa, California, will pay to the bearer
hereof on the second day of July, 1928, 6 4,29 at
the office of the City Treasurer, said sum`beir_g the
semi-annual interest due on Improvement Bond No. 1 of
Series No. C.
Dated: June 14, 1927.
Section 3. Said bonds shall be forthwith delivered
to the contractor in satisfaction of the balance due him up-
on his assessment and warrant.
I hereby certify that the foregoing resolution was.
duly adopted by the Board of Trustees of the City of Azusa
at a meeting held ,r'4A , , 19271 by the followingvote of the Board:'—
AYES: Trustees: ✓77`x`=K-c,��,�
NOES:
ABSENT-
City Clerk of the ity of Azusa
Approved this s` day of, 1927.
President of the Board of Trustees
�- / -4- of the City of Azusa.