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RESOLUTION NO. 9,7
A RESOLUTIOn OF THE CITY COUNCIL OF THE CITY OF ARCADIA
REQtr~STING THE BOARD OF SUPERVISORS OF 1'HE COUNTY OF LOS ANGELES
TO PAY INTO THE INTEREST ~ND SI~~IUG FUND OF THE ACQUISITION AND
n::f'fWVEllJEN'.c DISTRICT 110. 1 OF SAID CITY A PORTIQ}l OF THE CONTRI"
BUTION TO BE MADE BY THE COUNTY OF LOS A11GELES IN THE REFUNDIHG
AND REASSESi:'MEllT OF SAID DISTRICT; THAT THE BALANCE OF SAID
CONTRIBUTION BE USED TO PURCHASE CERTllIN BONDS OF SAID DISTRICT
AND REQUESTII;G THAT CERTAIN OTHER BeNDS OF SAID DISTRICT NOVo'
Or/NED BY 'fHE COUNTY OF LOS ANGELES BB SURR~IIDBRED TO Tm: CITY
TREASURER OF TIB CITY OF ARCADIA FOR CANCELLhTION.
THE C:rTY COUNCIL OF THE CITY OF ARCADIA DOES RESOLVE
AS FOLLO\"!S:
SECTION 1. That of the sum of ~56,816.00 to be contributed
in cash by the Gounty of Los Angeles in the refunding and reassessment
of Acquisition lmd Improvement District No.1 of the City of Arcadia
it is hereby requested that the Board of Supervisors of the County of
Los An[;eles authorize j;he sum of :;';1,936.00 to be contributed to the
interest and sinkin~ fund of said district for the purpose of paying
past due interest and principal; that said contribution is requested
in the form of a County warrant made payable to the City Treasurer
of the City of Arcadia.
SECTION 2. It is hereby requested that the Board of Super-
visors of Los Anzeles County order the balance of said contribution,
to-wit: the sum of $4,880.00 to be used by purchasing the following
described bonds of Acquisition and Improvement District 1$0. 1 of the
City of Arcadia nt eighty (80%) percent of the face value:
Bond No. Series No. Interest Rate Due date Face Value.
8 2 7% .Tune 5,1939 $ 1,000.00
9 2 7% June 5,l940 1,000.00
10 2 7% June 5, 1941 1,000.00
11 2 7% June 5, 1942 1,000.00
12 2 7<:1 June 5, 1943 1,000.00
10
20 1 6L~' August 1,1940 300.00
~/~
22 1 6"2% August 1,1941 300.00
8 3 7}6 Sept. 4, 1939 500.00
The City Treasurer of the City of Arcadia is hereby authorized to sell
said bonds to the County of Los Angeles for the purpose of cancellation
upon the terms an] for the price herein stated.
SECTION 3. It is hereby requested that the Board of Super-
visors of Los Angeles County order the followinG described bonds of
Acquisition and lllprovement District No. 1 of the City of Arcadia, which
said bonds are owned by the County of Los An..;eles, tOGether with all
-l-
unpaid coupons be surrendered to the City Treasurer of the City of
Arcadia for cancellation:
BonG. No.
Series No.
Face Value
7
9
lO
3
3
3
~ 500.00
500.00
500.00
SECTION 4. The City Clerk shall certify to the adoption
of this Resolution.
I hereby certify that the foregoing Resolution was adopted
at an adjourned regular meeting of the City Council of the City of
Arcadia. held on the 22nd day of August, 1938, by the affirmative
vote of at least three councilmen, to-rlit:
AYES: Councilmen, Bolz, Malin, Murphy and Niday
NOES: None
AaSEN':': Councilman
Gr1ff1t..~ J.t ~
C ty C~ij
and signed and ~.pproved this
22nd day of August, 1938.
~7/J~
Mayor
ATTE;ST:. ?k. -I-. k
~'3r 0
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