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REbOLUTION IW.-23.6__
A RE~CLUTION O~ THE CITY COUNCIL OF THE CITY OF ARCADIA
AUTHORIZING THE PURCHASE BY THE CITY OF ARCADIA OF REFUNDING BONDS
OF ACQUISITION AND IMPROVEj~ENT DISTRICT NO. 1 OF SAID CITY, CR~rtTED
UNDER THE "J\SSESSJ.I~;NT BOND REFUNDING aCT OF 1933" AS Aj,jENDED AND
CREJ,TIKG A REASSESS;~m:T BOND PURC!L..SE FUND.
THE CITY COUNCIL or THE CITY OF ARCADIA DOES RESOLVE AS
FOLLm,s:
SECTION 1. That refunding bonds not exceeding $0,720.00
face value, bf Acquisition and ,Improvement District No.1 of the City
of Arcadia, created 1.mder the provisions of "Assessment Bond Refundine;
Act of 1933", a:3 amended, be purchased by the City of Arcadia.
SECTION 2. That there is hereby created a fund to be known
and desi[;I1ated as "Reassessment Bond Purchase Fund, A. & I. District
No.1;" that thEI sum of \>6,720.00 be deposited to the fund from the
General fund of the City of Arcadia.
SECT!ON 3. That all refunding bonds of Acquisition and
Improvement District No. 1 of the City of Arcadia, purchased under
the authority given herein be paid for by warrants drawn on said
Reassessment Bond Purchase Fund, A. & I. District No.1, and that
any funds remaining in said fund after purchase by the City of
Arcadia of said bonds be r~ranferred to the General fund.
SECTIO~ 4. The City Clerk shall certify to the adoption
of this Resolution.
I hereby certify that the foree;oine; Resolution VIas adopted
at an adjourned regular meeting of the City Council of the City of
Arc8dia, held on the 22nd day of Ausust, 1938, by the affirmative
vote of at least three council ;en, to-wit:
AY~S: Councilmen, Bolz, Malin, Murphy and Niday
NOES: :!Ione
ABsENT: Councilman
Griffitts 2- -
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,
2200 day of AuguSt, 1938.
And signed and approved this
a~-- >>t ('~
Mayor
AT'l'EST' ...
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./ City Cl~
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