HomeMy WebLinkAboutResolution No. 0972RESOLUTION NO. �21 12-
A
A RESOLUTION OF THE BOARD OF TRUSTEES OF THE CITY.
OF AZUSA AUTHORIZING THE CITY CLERK OF SAID CITY TO PUBLISH
A NOTICE IN'"THE LOS ANGELES DAILY JOURNAL" AND IN THE "POMO-
TROPIC" INVITING SEALED BIDS FOR SEVENTY-FIVE THOUSAND DOLLARS.
($75,000.00) OF CITY HALL BONDS OF THE CITY OF AZUSA AUTHORIZED
BY THE VOTERS OF SAID CITY AT THE.SPECIAL MUNICIPAL ELECTION
HELD ON THE 15TH DAY OF MARCH, 1927.
The Board of Trustees of the City of Azusa do re -
Solve as follows:
WE EAS, the qualified,voters of the City of Azusa
at the special municipal election held on the.15th day of
March, 1927, authorized the incurring of a bonded indebtedness
of Seventy-five Thousand Dollars ($75;000.00) by the said
city for the acquisition.and construction of a City Hall, in-
cluding the acquisition of the necessary lands and the acquisi-
tion or construction of the necessary building,•structures,
equipment and furniture therefor; and
• WHEREAS9 it is the desire of the Board of'Trustees
of said city to offer the said bonds for sale;
NOW, THEREFORE, BE IT RESOLVED that the City Clerk
of the City of Azusa be and he is hereby authorized and directed
to publish in one regular issue each of "The Los Angeles Daily
Journal". a newspaper of, general circulation established, print-
ed, published and circulated in the City of Los Angeles, and
the "Pomotropic", a newspaper'of general circulation established,
• printed, published and circulated in said City of Azusa, a
notice of sale of' p and inviting sealed bids for, Seventy-five
Thousand Dollars 1$75,000.00) of city hall bonds of the City of
Azusa authorized by the voters.of said city at the special muni-.
cipal election held on the 15th day of Merch, 1927, in the fol-
lowing form to -wit:
NOTICE OF .SALE
OF
SEVENTY-FIVE THOUSAND -DOLLARS ($75,000.00)
OF
CITY HALL BONDS OF THE CITY OF AZUSA.
NOTICE IS.HEREBY GIVEN that sealed bids will be re-
ceived up to the hour of 7:30 o'clock P. M. on the�llth.day of
April, 1927, and at that time publicly opened and read, for the
purchase of Seventy-five Thousand Dollars ($"75,000.00) of.city
hall bonds of said city authorized to be issued by the voters
of said city at the special munioipal election held on the 15th
day of March, 1927. Each of said bonds will be dated April
1st, 1927., and will bear interest at the rate of not to exceed
- 1 -
five per cent. (5%) per annum, payable semi-annually; both
principal andinterest payable -in lawful money of the. United
States 'of America at,the office of the Treasurer of the City
of Azusa:
Said bonds will be-seventy-five•(75) in number of
• the denomination of One Thousand Dollars ($1000.00) each,
numbered and payable as follows:
1 and -2 payable April lst, 1928, and
two (2) of said bonds numbered consecutively shall be payable
on the letday of April of each and every succeeding year up
to April let, 1964, on which day bonds numbered 739 74 and
75 shall be payable.
Said bonds will be sold for cash only an•d at not less.
than..par plus accrued interest. Each bid must state that the
bidder offers at least par plus accrued interest to the date
of delivery said must state separately the premium, if any, of-
fered for the bonds bid..for. Each bid also must name the,rate
of interest.the bonds shall bear upon which the bid is offered
not exceeding five per cent. (5%) per annum. Payment for and
delivery of bonds shall be made at the office of the Treasurer
of the City of Azusa..
A cashier's cheek in the amount of five per cent.
(5%) of the total amount bid for said bonds, payable to the
order of the City Treasurer of the City of Azusa, must.accom-
pany each bid as a guaranty that the bidder will, if successful,
accept and pay for said bonds in accordance with the terms of
his bid; and said check shall remain in.the hands of -the
Board of Trustees of said city until all of said bonds are
paid for. Checks of unsuccessful bidders will be returned.
Thesale of said.bonds may be awarded to the success-
fnl bidder by the said Board of Trustees at said meeting to be
held on the 11th day of April , 1927, or at any adjourned meet-
ing thereof. The Board of Trustees reserves the right to re-
ject any and all bids.
Azusa.
By order of the Board of Trustees of the City of
Dated this 28th 'day of March, 1927.
H. R. SMITHy
y_ er o e Of zusa.
I hereby,certify that -the foregoing resolution was
duly adopted by'the.Board o3 Trustees of the City of Azusa
at an adjourned regtiilar meeting held March 28th, 19279 by the
following vote of the Board:
AYES: Trustees Howard, Beck, Meier, Chenoweth
and Durrell;
NOES: None;
2 -
ABSENT: None
city Clerk or the city or AZUSa,
Approved this 28th day of March, 1927.
%1 1. �/•`` � .
President or the oard 01 Tras-ees
of the City of Azusa.