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Home My WebLink About0376 . . z Z ii o ~ ;:! 1&1 C m ~ CJ .J If 0 /1:.. J ~ 15 :J C ::!..I ... co i: ~ UJ ~ Z.c 41 Z .. - D: 0 t Z 0 t,".. z 1= III ~ :J < 2::E Q ;, o ... 7 8 9 10 11 12 13 I I 14 I 161 17 i 18 , I 19 I I 20 ' 21 22 23 24 25 I 26 27 281 29 I I 30 31 I 32 . !i "", . . RESOLUfIoN NO, 376. 1 A RESOLUTION OF THE BOARD OF TRUSTEES OF THE CITY OF AR- CADIA DEOLARING ITS IN~ENTION TO SELL AAROADIA WATER BONDS, 1927A. 2 3 WHEREAS, it is necessary for the purpose of carrying out the purposes set forth in Ordinance No, 191 of said Board of Trus- 4. tees and Ordinance No. 192 of said Board of Trustees amending cer- 6 tain Sections of said Ordinance No. 191, to issue and offer for 8 sale and to sell the bonds in said Ordinance No. 191 ordered to be issued as hereinafter provided, NOW THEREFORE BE IT RESOLVED: That it is the intention of the Board of Trustees of said City of Arcadia to issue and sell all of said bonds by said Ordinance No. 191 and said Ordinance No. 192 amending same, directed to be issued, to-wit: 'Arcadia Water Bonds, 1927', numbered from 1 to 210, both inclusive; RESOLVED FURTHER: That the Oity Olerk be and he is here- by directed to advertise for sale to the highest bidder, the entir issue of said $183,750.00 'Arcadia Water Bonds, 1927', in conform- ity with that certain ANotice Inviting Sealed Proposals', herein- after specified, by publishing said ANotice Inviting Sealed Pro- posalsA for two successive weeks in The Arcadia News, a weekly newspaper published and circulated in the Oity of Arcadia, Oounty ,of Los Angeles, State of California, and by one insertion in such newspaper published and circulated in the City of Los Angeles, Oal- ifornia, as said Oity Clerk may be advised is the most likely to give notice to prospective purchasers, and BE IT FURTHER RESOLVED: That said sale of said bonds be had at the time and in the manner and under the conditions set forth in the following ANotice Inviting Sealed Proposalsn: NOTICE INVITING SEALED PROPOSALS. NOTICE OF THE SALE OF nAROADIA WATER BOliDS, 1927' IN THE SUM OF ONE HUNDRED EIGHTY-THREE THOUSAND, SEVEN HUNDRED AND FIFTY DOLLARS. Sealed proposals will be received by the undersigned, City Clerk of the City of Arcadia, County of Los Angeles, State of Cal- -1- 180, a?6 .<, . 1 2 .3 4 5 8 7 8 9 10 11 121 13 . z Z ii 14 o ~ ;:! III c m Z ~ oJ . .0 15 0:: I-"'!: :J C :!... ... ell > C U) > III U 18 III Z c ca z ~- 0: 0 > z 0 c:- ~ z t: ,,~ 17 ::J c ~:I 0 N 0 18 N 19 ' 20 I 211 I 22 I I 23 24 25 I 28 27 28 29 30 31 32 I I .!I , . . ifornia, at the office of said City Clerk, in the City Hall of sai City of Arcadia, California, until the hour of eight o'clock P,M, of Wednesday, March 16, 1927, for the purchase of bonds of said Ci to-wit: DARO~DIA WATER BONDS, 1927", in the sum of One Hundred Eighty-three Thousand, Seven hundred and Fifty Dollars" ($183,750.0 I)' That said DArcadia Water Bonds, 1927~ shall be 210 in numb1r, 175 of which shall be issued in the denomination of $1000.00 each J and 35 of whioh shall be issued in the denomination of $250.00 eaCl and all of said bonds shall be dated March 15, 1927, and five of . said bonds of the denomination o~ $1000.00 each'.and'dne of said I bonds of the denomination of $250.00, shall be payable on the 15th. day of March~ 1932, and five of said bonds of the denomination of $1000.00 each and one of said bonds of the denomination of $250.00 on the same day and date of each and every year thereafter, All of .said bonds shall be payable at the office of the City Treasurer of said City of Aroadia, in the City of Arcadia,Cal ifornia, and shall bear interest at the rate of five per cent per annum, payable semi-annually on the fifteenth day of September and the fifteenth day of March of eaoh and every year; beginning Septem- I ber 15, 1927, and the principal and interest thereof' shall be pay- able in lawful money of the United States of America, at the officl .of the City Treasurer of' said City of Arcadia. , , Said bonds are to be issued in accordance with the provisidns , of an Act'of the Legislature of the State of California, entitled: "An Aot Authorizing the Incurring of indebtedness by Cities, Towns I and Municipal corporations for Munioipal improvements and regulat- I ing the Acquisition, Construction or Completion thereofD, which be~ I oame a law February 25, 1901, a~d all Aots or parts of Acts amendaJ tory thereof or supplementary ther~to, and in accordance with the General Incorporation Act of the State of California for Cities of the Sixth Class, and the Ordinances of said City. No proposal for said bonds will be entertained for less than their face value together wit~ accrued interest to date of deliverJ1 . of said bonds. '-3- ~ R." 8'7 b I.j . .. .. . 1 Each proposal must be accompanied by a certified check 2 drawn upon some responsible bank in the State of California, and 3 payable to the City Treasurer of said City of Arcadia, for the sum 4 of $5000.00 as a guarantee that the bidder will purchase' and pay 5 for said bonds in accordance with his proposal, in the event such 6 bid is accepted. 7 'Proposals shall be addressed to the City Clerk of said Cit '1 8 ':of Arcadia and will be endorsed aproposal for purchase of "Arcadia 9 . ,Water Bonds, 1927'. 10 Said Board o~ Trustees reserves the right to reject any' 11 ' and , and all bids..to waive any fo:rmali ty in any bid as the intersts of A s aid City may require. 12 13 ,. o. z Z ii 14 o ~ g! ~ ~ :! II: ~ .! 15 ~ c ~ ~ I- ID ~ u III ti z. 16 ctS z .- II: 0 t I z 0 ~ II: Z i:" ~ 17 j c ~::E I o N 2 18 I 19 20 21 I I 22 23 24 25 26 27 28 29/ 30 , . A certified copy of an opinion by Messrs O'Melveny, Milli- kin'& Tuller, of the City of Los Angeles, california, favorable to 'the validity of said Bonds,' will be furnished by the City of Ar- cadia to the successful bidder. By Order of the Board of Trustees of the City of Arcadia, made at its re~lar meeting held February 16, 1927. ( SEAL) G. G, MEADE City Clerk of the City of rcadia. The City Olerk shall certify to the adoption of this Reso- lution. The foregoing Resolution was adopted at a regular meeting of the Board of Trustees of the 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, Mul tel', Scherlli'erhorn-and~ WUli!illlls. NOES: None, ABSENT: Trustee Bailey, 31 and signed and approved this 32 A71~ ~ 1/ Oi~ I , 16th. day of February, 1927, tllJ~ presiderlt of the Board of Trustees. I -3- &. 376 I " .' .- \. it ., . " .... ,~ , c " '; " .. ,. ,. , - .- . ',' , 00; ',' " .(~ t' ': -' , t-' .' ." , '. .' " , .... , , , , .. -.." ..... ., ,. ~! -~ 0_: :: ,- " , " .'. " .' '. ... . ' .', , . -:.';" - , i l- "': 'r, '- .' . I " . r.... ... .' fo 0-' <. ;t"! ., .', '. ", ~. : , ..: '. .:: :v ,. . .. ('.~ .'~ ~ . 1~ I r " ~ -,' .... .~ <-: ..... .. ';.~ , "' ..., " .!' i " ~ RESOLUTION NO. 376. DECLARING INTENTION TO SELL "ARCADIA WATER BONDS; 1927". '. ~. ~ OJ ,-. ...., ,'. . ' ":1 'L.~ ~' " :. " " ',' .' " ..' , . . , L:. ,~ .. " . . . -; .. . ',' , { "~4 " .' ;, f' " , ..; y .., U I' " ~ ,') ,. l' <. . = :.; .. .' .' .", ., ::- .. .. , , ....;J. 1.)'- .' ..\;. " ." . !. .. " :~~ , { -h +> u ~' " .., 1., '-. , ", ," " ."ol. .~ ". ... " ~~ '. .1., ,er~ ..., " ." -, " " ., ..' !... ..: \-. ;. , . " , ." 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