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ORDINANCE NO. 192.
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, AN ORDINANCE OF THE BOARD OF TRUSTEES OF THE CITY OF AR-
CADIA AMENDING SECTIONS 1,2,3AND 6 OF ORDINANCE NO. 191 OF SAID
BOARD OF TRUSTEES, ENTITLED: \IAN ORDINANCE OF THE BOARD OF TRUS-
TEES OF THE CITY OF ARCADIA, PROVIDING FOR THE ISSUANCE OF BONDS
OF THE CITY OF ARCADIA, AUTHORIZED AT THE SPECIAL MUNICIPAL ELEC-
TION HELD ON THE 7TH. DAY OF DECEMBER, 1926, IN THE SUM OF
$183,750.00, FOR THE ACQUISITION, CONSTRUCTION, EXTENSION AND COM-
PLETION 6Y SAID CITY OF ARCADIA OF THE WATER WORKS OF SAID CITY,
THE SAME BEING REVENUE PRODUCING PUBLIC WORKS OF SAID CITY, HERE-
INAFTER PARTIOULARLY SPECIFIEDII, ADOPTED JANUARY 5, 1927.
THE BOARD OF TRUSTEES OF THE CITY OF ARCADIA DO ORDAIN AS
FOLLOWS:
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SECTION 1: That Section 1 of said Ordinance No. 191 be
and the same is hereby amended to read as follows:
SECTION 1: That bonds of said City of Arcadia, in the sum
of One Hundred and Eighty-three Thousand, Seven hundred and fifty
Dollars ($183,750.00) be issued in accordance with the provisions
of an Act of the Legislature of the Sta,te of California, entitled,
"An Act Authorizing the Incurring of Indebtedness by, Cities, Towns
and Municipal Corporat,ions for Municipal Improvements and Regulat-
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ing the Acquisition, Construction or Completion thereof", which
became a law February 25, 1901, and all Acts or parts of Acts amen
datory thereof or supplementary thereto, and with the Laws of the
State of California for Cities of the Sixth Class and with the
Ordinances of said City of Arcadia, for the purpose of the acqui-
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sition, construction, extension and completion by said City of
',Arcadia of a certain revenue-producing municipal improvement, to-w t:
the acquisition, construction, extension and completion of the mun
icipal water system now owned and operated by said City of Arcadia,
by acquiring ,land by purchase and otherwise for developing water,
by laying new pipe lines, putting down wells, constructing pumps,
reservoirs, pump houses, booster pumps, tanks, water mains, con-
duits, laterals and other machinery and apparatus necessary for
said work and improvement, including the acquisition of water righ s,
easements and rights of way in connection with said water eystem.
That said Bonds shall be 210 in number;' that they shall be
designated as "ARCADIA WATER BONDS, 1927', and shall be numbered
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from 1 to 210, both inclusive; that 175 of said Bonds, numbered
from 1 to 175, both inclusive, shall be issued in the denomination
of $1,000.00 each; that 35 of said Bonds, numbered from 176 to 210,
both inclusive, shall be issued in the denomination of $250.00 each
that the prinoipa1 and interest thereof shall be payable in lawful
money of the United States; that said Bonds shall be dated,March
15, 1927, and bear interest at the rate of five per cent per annum,
payable semi-annually on the 15th. day of March and the 15th. day
the principal and interest thereof shall be payable at the office
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every year, beginning September 15.:1~2'Z; that
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of September of each and
of the City Treasurer of said City of Arcadia, in the manner fol-
lowing, to-wit: Five of said $1000.00 BondS and one of said $250.00
Bonds shall be payable on the fifteenth day of March of each and
every year, beginning March 15, 1932, until all of said 210 Bonds
shall have been fully paid.
SECTION 2: That Section 2 of said Ordinance No. 191 be and
the same is hereby amended to read as follows:
That all of said BondS hereinbefore mentioned shall be sub-
stantially in the following form, to-wit:
NO.
......... .
UNITED STATES OF AMERICA,
COUNTY OF LOS ANG,ELES,
CITY OF ARCADIA,
ARCADIA,WATER BONDS, 1927.
$................(Amount) Arcadia, California,
March 15, 1927.
On the fifteenth day of March A. D. .............(year of
maturity), the City of Arcadia will pay to the bearer at the office
of the City Treasurer of said City of Arcadia, in the City of Ar-
cadia, California, the sum of $---------------, with interest ther
on at the rate of five (5) per cent per annum, payable semi-annual]y
on the fifteenth day of September and the fifteenth day of March
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t of each Fear, beginning September 15, 1927, at the, office of the
2 City Treasurer of said City of Arcadia, in the City of Arcadia,
3 California, upon the presentation and surrender of the interest
4 coupons hereto attached. Principal and interest payable in lawful
5 money of the United States.
6 This Bond is issued in pursuance of the provisions of an
7 Act of the Legislature of the State of California, which became a
8 law February 25, 1901, and all amendments thereto, authorizing the
9 incurring of indebtedness by Cities for municipal improvements.
10 It is further certified that all requirements of the Con-
It stitution and Laws of the State of California and all Ordinances
12 of said City of Arcadia, have been fully complied with ,by ~he pro-
13 per officers in the issuing of this Bond; that this issue of Bonds
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he,s been authorized by the vote of two thirds of the duly qualifie
electors of said City voting at the Special Election duly ~nd reg-
ularly called and held in said City on the 7th. day of December,
1926, at which the proposition of authorizing this issue of Bonds
was submitted, and that the total amount of this issue, together
with all other indebtedness of said City, does not exceed the limi
prescribed by the Constitution and Laws of the State of California:
that provision haa been made for the collection of an annual tax
s~ficient to pay the annual interest on this issue of Bonds as it
becomes due and to constitute a sinking fund for the payment of th
principal thereof on or before maturity.
IN WITNESS WHEREOF, the City of Arcadia has caused this
Bond to be signed by the Executive of said Municipality, to-wit:
The President of the Board of Trustees of said City, and also by
the Treasurer of said City, and to be countersigned by the City
Clerk of said City, and the Corpo~ate Seal of said City to be af-
fixed thereto, and said City has also caused the coupons hereto
attached to be numbered consecutively and signed by the Treasurer
of said City of Arcadia.
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President of the Board of Trustees
of the City of Arcadia.
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4 Treasurer of the City of Arcadia.
5 COUNTER$IGNED:
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7 City Clerk of the City 0 f Arcadia.
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SECTION 3: That Section Three of said Ordinance No. 191
be and the same is hereby amended to read as follows:
SECTION 3: That interest coupons shall be attached to eac
of said Bonds, representing each installment of interest accruing
on such Bonds up to the maturity thereof, which said coupons shall
be substantially in the fo11owip~ form, to-wit:
$....... . . . . . . . .. (Amount)
No... ............ .. .... .. .. ..
On the fifteenth day of ..............(month of maturity)
A. D., (year of maturity) the City of Arcadia promises to pay to
the bearer at the office of the City Treasurer of the City of Ar-
cadia, in the City of Arcadia, State of California, the sum of
$...........'.(amount ot interest), in lawful money of the United
States, for semi-annual interest due on "Arcadia Water Bonds1927"
No. ........ (Number of bond to which coupon is attached)
.. .. .. .. .. . .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..
Treasurer of the City of Arcadia.
SECTION 4: That Section 6 of said Ordinance No. 191 be
and the same is hereby amended to read as follows:
SECTION 6: That for the purpose of securing and providing
for the payment of the principal and interest of said "Arcadia
Water Bonds, 1927", there is hereby created a Fund to be known and
designated as follows: "Arcadia Water Bonds, 1927, Inte;rest end
Sinking Fund"; That all the money, which from time to time, shall
be placed in said Fund shall be and is hereby set apart exclusivel
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for the purpose of meeting all sums coming due for principal and
interest on all of the aforesaid "Arcadia water Bonds, 1927", which
may be issued under the proceedings hereinbefore recited, that for
the purpose of paying the prinoipal and interest of said bonds, the
Board of Trustees of said City shall, at the time pf fi~ing the
general tax levy, and in the manner for such general tax levy pro-
vided, levy and oolleot annually each year until said bonds are .
paid, or until there shall be a sum in the Treasury of said City
of Aroadia set apart for that purpose, sufficient to meet all sums
coming due for principal and interest on suoh bonds, a tax suffi-
cient to pay the interest on suoh bon~s as same become due and to
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constitute a sinking fund for the pa~ent ot the principal thereof
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~ ~ ~ ~ 14 Said tax herein required ,to be levied and oolleoted shall
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~ ~ ~ ~ be in addition to all other taxes levied for municipal purposes,
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SECTION 5: The City Clerk shall oertifyto the adoption of
this Ordinance and shall cause the same to be published onoe in Th
Aroadia NeWS, a weekly, newspaper published and ciroulated in said
City of Aroadia and thereupon and thereafter the same shall ta~e
effect and be inforoe.
The foregoing Ordinanoe was adopted at a regular meeting
of the Board of Trustees of said City of Arcadia, held on the 16th.
day of February, 1927, by the affirmative vote of at least three
Trustees, to-wit:
AYES: Trustees: Hawk, Multer, Sohermerhorn and Williams.
NOES: None.
ABSENT: Trustee Bailey.
and signed and approved
ATT1til ~
/ Cit~k.
this 16th. day of February, 1927.
#' ); //1AAP7./'
President' of the Board of Trustees.
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t1~~ /'to, /;?~
ORDINANCE NO. 192.
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AMENDING SECTIONS 1, 2, 3
and 6 OF ORDINANCE NO. 191
'PROVIDING'FOR THE ISSUANCE
OF "ARCADIA WATER BONDS, 1927"'
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