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HomeMy WebLinkAbout1580 RESOLUTION NO. 15'80 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA APPROVING THE REPORT OF THE CITY ENGINEER OF SAID CITY IN THE MATTER OF THE PROPOSED IMPROVEMENT OF A PORTION OF HUNTINGTON DRIVE IN SAID CITY AND PROVIDING FOR THE ISSUANCE AND MATURITY OF AND RATE OF INTEREST UPON BONDS TO BE ISSUED TO REPRESENT UNPAID ASSESSMENTS FOR SAID PROPOSED IMPROVEMENT. THE CITY COUNCIL OF THE CITY OF ARCADIA DOES RESOLVE AS FOLLOWS: SECTION 1. That the report prepared by the City Engineer pursuant to the provisions of Part 2 of the Special Assessment Investigation, Limitation and Majority Protest Act of 1931, in the matter of the proposed improvement of a portion of Hunt- ington Drive in the City of Arcadia, be and the same is hereby approved. SECTION 2. That serial bonds bearing interest at the rate of six per cent per annum and extending over a period ending nine years from the second day of January next succeeding the next October fifteenth following their date, will be issued in the manner provided by the Improvement Act of 1911, to represent each assessment of Twenty-Five ($25'.00) Dollars or more remain- ing unpaid for thirty days after the date of the warrant attached to the assessment to be hereafter levied under these proceedings. SECTION ~. That the above mentioned report be filed with the Clerk of this City Council. That Tuesday, the 18th day of March, 1947, at the hour of eight o'ClOCk, P.M., and the Council Chamber in the City Hall in the City of Arcadia, are hereby fixed as the time and place of hearing by this City Council on said report. The 'Clerk of this City Council is hereby directed to give notice of said hearing in the manner and form required by Part 3 of said Special Assessment Investigation, Limitation and Majority Protest Act of 1931. SECTION 4. The City Clerk shall certify to the adoption of this Resolution. I HEREBY CERTIFY that the foregoing Resolution was adopted at a regular meeting of the City Council of the City of Arcadia, held on the 4th day of February, 1947, by the affirmative vote of at least three Councilmen, to wit: AYES: Councilmen Adcock, Leeper, Nugent, Ormsby and Russell NOES: None ....-:7 . /7,9' ~ ABSENT: None ~e /~ ATTEST:. City Clerk of the C~of Arcadia r.~ d7~IGNED AND APPROVED thi:~~. ~'f~~~;~~Y ~ ~~:~~: \"9~"~