HomeMy WebLinkAboutOrdinance No. 1191
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1
ORDI ANCE NO.-
J-471
AN URDIi,1ANCE PROVIDING FUR THE ISSUING OF BUNDS OF THE CITY OF
AZUSA CALIFURNIA IN THE SUR OF FORTY THOUSAND DOLLARS FUR
THE PARPOSE OF ACQUIRING CONSTRUCTING AND CUMYLETING BY SAID
CITY OF AZUSA OF A CERTAfN Mti ICIPAL IMF=RUVEMENT TU SIT
STREET 'WURK. '
WHEREAS, The Board of Trustees of the City of Azusa, Cal-
ifornia, at a regular meeting thereof, held on the 22nd day of
August, 1910, by a vote of two-thirds of all its members duly
passed and adopted a resolution determining that the public j
interest and necessity demanded the acquisition, construction
and completion by said City of Azusa of a certain municipal
improvement, to wit, street work , as follows:
That that portion of the roadway of Azusa Avenue in said
City of Azusa from the city limits on the north to the city
limits on the south including all intersections of streets
(excepting such portions of said street and intersections as y
are required by law to be kept in order or repair by any person
or company having railroad tracks thereon) be improved by the
construction of oiled macadam and oiled pavements, Stutters and
culverts in accordance with the plans and profile on file in
the office of the City Engineer, and specifications for the con-
struction of oil macadam and oil pavements and gutters and cul-
verts on file in the office of the City Clerk of the City of
Azusa, said specifications being "City Engineer's Special Spec-
ifications Number 1OU" except that said street shall be macad-
amized for the 4idth of eight feet only along each side of the
center lire thereof, and shall have seven -foot shoulders, as
specified in said specifications instead of the Whole width of
said roadway, but that between the south line of 9th Street and
the north line of Sixth Street said roadway shall be oil macad-
amized for eight feet on each side of the center and oil pave-
ments for the rest of the width;
That that portion of the roadway of Centre Street in said
City of Azusa from the city limits on the west to the city
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limits on the east'inclgd.ing all intersections of streets
(excepting such portions of said street and intersections as
are .required by law to be kept in order or repair by any person
or company having railroad tracks.thereon) be improved by the
construction of oiled macadam and oiled pavements and culverts
in accordance with the plans and profile on file in the office
of the City Engineer, and specifications for the construction
of oil macadam and oil pavements and culverts on file in the
office of the City Clerk of the City of Azusa, said specifica-
tions being "City Engineer's Special Specifications Number
1001" except that said street shall be macadamized f or the
width of eight feet only along each side of the center line
thereof, and shall have seven -foot shoulders, as specified
in said specifications instead of the whole width of said road-
way, but that between the east line of San Gabriel Avenue and
the west line of. Dalton Avenue said roadway shall be oil maead-
amize6 for eight feet on each side of the center and oil pave-
ments for the rest of the width;
And that the estimated cost of said municipal improvement
was Forty Thousand- Dollars, and that such cosi, was anu "is, —
too great to be paid out of the ordinary annual income and rev-
enues of said City, and
WHEREAS said resolution was approved by the Executive of
said City, to wit, the President of said Board. of Trusteesr on
said 22nd day of August, 1910, at said meeting of said Board,
andwas duly published on the 26th day of August, 1910, in
THE PUMIOTRUPIC, a weekly newspaper of general circulation pub-
lished and circulated in said City of Azusa; and
WHEREAS, The Board of Trustees of said City of Azusa, at
a regular meating thereof on September 26th, 1910, by a vote o
two-thirds of all its members, duly passed and adopted an ordiS
once calling a special election and submitting to the quali-
fied voters of said City the proposition of incurring a debt
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in the stun of Forty Thousand Dollars for the acquisition, con-
struction and completion by said City of Azusa of a certain
municipal improvement, to �vit, street work, as follows:
That that portion of the roadway of Azusa Avenue in said
City of Azusa from the city limits on the north to the city Un-
its on the south including all intersections of streets (except-
ing such portions of said street and intersections as are re-
quired by law to be kept in order or repair by any person or
company having railroad tracks thereon) be improved by the con-
struction of oiled macadam and oiled pavements, gutters and
culverts, in accordance with the plans and profile on file in
the office of the City Engineer, and specifications for the con-
struction of oil macadam and oil pavements and guttdrs and cul-
verts on file in the office of the City Clerk of the City of
Azusa, said specifications being "City Engineer's Special Spec-
ifications Nwnber 100" except that said street shall be macad-
amized for the width of eight feet only along eac, side of the
center line thereof, and shall have seven -foot shoulders, as
specified in said specifications instead of the whole width of
said roadway, but that between the south line of Ninth Street
and h he north line of Sixtlg Street said roadway shall be oil
macadaraized for 8 feet on each side of the center and oil pave-
ments for the rest of the width;
That that portion of the roadway of Centre Street in said
City of Azusa from the city limits on the west to the city lim-
its on the east including all intersections of streets (except-
ing such portions of said street and intersections as are re-
quired by law to be kept in order or repair by any person or
company having railroad tracks thereon) be improved by the con-
struction of oiled macadam and oiled pavements and culverts, in
accordance with the plans and. profile on file in the office of
the City Engineer, and specifications for the construction of of
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macadarl and oil pavements and culverts on file in the office
of the City Clerk of the City of Azusa, said specifications
beim; "City Engineer's Special Specifications Number 100,"
except that said street shall be macadamized for the width of
eight feet only along each side of the center line thereof, and
shall have seven -foot shoulders, as specified in said specifi-
cations instead of the whole width of said roadway, but that
between the east line of San Gabriel Avenue and the west line
of Dalton Avenue said roadway shall be oil macadamized for 8
feet on each side of the center and oil pavements for the rest
of the width;
And said Ordinance was approved by the Executive of said
City, to wit, the
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President of the Board of Trustees, on said 26th day of
September; 1910, and said ordinance was thereia)on duly pub-
lished once a week for two weeks in THS POMOTRUPIC, a weekly
nevwspap er of general circulation, published less than six
days a week in said City of Azusa; and
WHEREAS, Such special election was duly held on the
20th day of October, 191U, as provided by said ordinance
calling the same and by law for holding municipal elections
in said City; and the proposition of incurring a bonded in-
debtedness of Forty Thousand Dollars for the purpose of
acquiring, constructing and completing by said City of Azusa
of a certain municipal improvement, to wit, street work,
received more than two-thirds of the votes of all the voters
voting at such special election; and
WHEREAS, All and singular the provisions of the Act of
the Legislature of the State of California entitled "An Act
authorizing the inenrring of indebtedness by cities, towns and
municipal corporations for municipal improvements and regulat-
ing the acquisition, construction or completion theraof,"
which became a law February NO, 1901, together with all
am enMents thereto and the law and ordinances of said City
have been fully complied with so as to authorize the issue
of said bonds;
NUW, TH REFORE, The Board of Trustees of the City of
Azusa do ordain as follows:
Section l: That bonds of the said City of Azusa in the
sun of Forty Thousand Dollars be issued in accordance with
the provisions of the Act of the Legislature of the 0tate of
California entitled "An Act authorizing the incurring of in-
debtedness by cities, tovms and municipal corporations for
municipal improvements and regulating the acquisition, con-
struction or completion thereof," which became a lava February
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25th, 1901, and the Amendments thereto, and with the ordinan-.
ces of said City; that said bonds shall be eighty in number
and shall be issued in the denomination of Five Hundred Dollars
each, and the principal and interest thereof shall be payable
in lawful money of the United States: They shall be dated
December 15th, 1910, and bear interest at the rate of six per
cent per annum, payable semi-annually on the 15th of December
and the 15th of June of every year.
Said eighty bonds shall be payable in -the manner follow-
ing:
One -fortieth part of the whole amount of such indebtednary
shall be paid Deceiaber 15th, 1911, and one -fortieth part of
the whole amount of such indebtedness each and every year
thereafter at the City Treasury of said City, together with the
interest on all sums unpaid at such date, and said bonds shall
be substantially in the following form, to .Jit:
No...........
UNIM) STATES OF AMERICA
STAT4,' OF CALIFURNIA
CITY OF A7USA
STREET INPROVE.IENT BUND.
$:580......
Azusa, California, Dedember 15th, 1910.
On the 15th day of December, A. D. (year of maturity) the City
of .Azusa, California, iaill pay to the bearer at the office of
the City Treasurer of the City of Azusa the sum of Five Hundred
Dollars, aith interest at the rate of six per cent per annum,
payable semi-annually on the 15th day of Decelaber and the 15th
i
day of June, of aaeh year, as ppecified in the interest eou:ons
hereto attached, at the office of the City Treasurer, u7:on the
presentation and. surrender of said interest, coupons. Principal
i
and interest payable in lawful money of the United States. This
bond is is4ued in pursuance of the provisions of an Act of the
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Fj
Legislature of the State of California, entitled "An Act author-
izing the incurring of indebtedness by cities, tovais and munic-
ipal conporat ions, for municipal improva.,cents and regulating the
acquisition, construction or completion thereof," Jahich became
a law February 25th, 1901, and the Amendments thereto.
IT IS FUTIHER CR'RTMED that all the requirements of law
and of the ordinances of the City of Azusa hate boon fully
coilplied with by the proper officers for the issuing of this
bond; that this issue of bonds has been duly authorized by the
vote of two-thirds of all the voters voting on the question of
such issue, at a special election duly and .regularly called and
held in said. City on the 20th day of October, 1910, and that
the total maount of this issue together with all indebtedness
of said City does not in the aggregate exceed fifteen per cent
of the assessed value of all the real and personal property of
the said City of Azusa, nor does it exceed. the limit prescribed
by the Constitution and Laws of the Mate of California.
IN 'WITIiESS 'WHEREOF the said City of Azusa has caused this
bond to be signed by the Executiva of said municipality, to ait,
the President of Board of Trustees of said City of Azusa, and
k&xbmxaxa also by the Treasurer of said.City, and to be coun-
tersigned by the Clerk �,f raid City, and the corpor%te seal of
said City to be affixed thereto; and the City has caused the
coupons thereto attached to be numbered consecutively and
signad by the Treasurer of said City of Azusa.
Prasidert0of'the Board of Trustees of
the City of Azusa.
.... .
Treasurer of the City of Azusa.
Countersigned by
(Seal) . .... .. .. ..
City Clerk of the City of Azusa.
That ini;erast coupons shall be attached to each of said
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eighty
9-
eighty bonds representing each installment of interest tQ accrue
on such;
bonds
up
to the maturity
thereof , vahieh said interest
coui.onz
shalt
be
substantially as
follows:
No......
on tine 15th day of .....(month of maturity), A. D ...... (year
of maturity), the City of Azusa i;romises to pay the bearer, at
the office of the City Treasurer of the City of Azusa, the sun
of fifteen dollars in lawful money of the United States, the
semi-annual intf;rest due on street improvement bond No.....
(Number of bond to which coupon is attach¢d'
.
Treasurer of the CitNr of Azusa.
Section 2. That the President of the Board of Trustees of
the City of Azusa, being the Executive of the municipality,
ann the City Treasurer of said City are hereby authorized and
diracted to sign all the bonds herein provided for, and the City
Clerk is hereby authorized and directed to countersign the smne
and to affix the corporate seal of the City of Azusa thereto,
and the City Treasurer of said City is hereby withorized and
directed to sign the inter,st cou;ons of said bonds, and said
bonds shall be d -livered by said City Clerk to said City Treas-
urer in such amounts as the Board of Trustees of said City may
from time to time determine.
Section 3. That for the purpose of paying the principal
and interest on such bonds the Board of Tru -tees of said City
shall, at the time of fixing the general tax levy, and in the
manner for such general tax levy provided, levy and collect
annually 9ach year until said bonds are paid, or until there
shall be a siva in the Treasury of said City, set apart for that
purpose, sufficient, to meet all sums cumintg due for principal
and interest on such bonds, a tax efficient to pay the annual
interest on such bonds, and also such part of principal therriof
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31 Ab s snt . � � L` ` -
IN JVITNEgS M14-MEOF I haVOJ
32 seal of the City ot Azusa ti
ext ganarait.,
s 'levi'd
a same time :e,
collected,
said bonds
reet im-
to the
and Fund;
hoses and
passage
fished
c irculation
and thsre
19
;I:'enu— n o c ru s
z
Glover ib k of the
ordinance
zusa. State:
the President of s id Bo.4d at
on t 1! 9A
4 a ember,
ieunto set mir hand and affixed the
414th day off' No 9mb r, 1910.
of Azusa.
v r X=e�r�ey