HomeMy WebLinkAboutCC Ord 74 1921-07-21
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I (' rrSlNAL OI=FICIAL COpy
NSr TO BE TAKSN r- ,OM
T.,:... CITY CLERK'S OFI=ICE
aRDtNANC' Nb.?'~'l,)
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AN ORDINANOE PROVIDINIJ FOR rHE I8SlTAliCE OF B01~DS OF rHE
cny CF SEAL BEACH, STAn r.F CALIFCRNIA, IN mE AMOUljT OF: FIFrY
THCUSlUlD ($50,000) DOLLARS, FOR THE flTRPOSE OF AOQU11\ING,CmTSTIiUOT-
ING AND COMPLErINg A CERTAIN REVENUE T'RODUCll,G lItlNICIrAL IJ4PRO'lEllEmI
TO-WIT: WATER WORKS FeR S'lT'PLY.tNG :mE CI~Y AlTD ITS INHABI'lAliT5 WITi
ATER, INOLumlm TP.E AC~UISInON OF LAllDS, RIGHTS OF WAY, MACHIrrERy,1
PIPES, APPARATUS, WELLS, PIPE LINES, ~AIliS, LATF.FJL3;~ETERS ~\D
ATTACH~ll'S, AKD OTHr.R WORKS NECEaaARY THEREFOR, IN ACCORDAllCE WITH I
A:TD AS ,ArrrHORIZED AT A SPECIAL EJ.ECTI'OU HELD m SAIL CrTY (,F SEAL I
BEACH ON THE 14th DAY CF JmiF., 1921.
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WHJi:F1F.AS, the ~ :ard of 'l'rustees rf theCi ty of Seal ~each,
CaliJ.o.L'nia, at its regular meeting held on the 17 day of
1921, by a vote of more than two-thirds cf a!! its m:m;t~rs, duly
passed and adopted a Resoluti on, being Resolution No. ~ of said
Oit' of Seal ~each, determining that the ::;:ublic interest and necess
ityof said Ci.y of ~ed.L ~eaoh demands the acquisition, constructi n
and completion by the Cit~of Seal ~each of a certain revenue pro-
ducing municipal im[.rovement, to-wi.: Water Works t(,r surr-lying the
Oity and its inhabitants with water, including the acquisition of
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lands, rights-of-way, machinery, pipes, apparatus, wells, pi~e line,
mains, lateralS, me.~rs and attaohments,and other works necessary
therefor; and that the estimated costs of such publiC improvement
will be the sum of Fifty 'l'housand ($50,000) lJollars; and determin-
ing that the cost t hereof is and will be too great to be paid out
of the ordinary annu~l income and revenue of said City; which said
ResOlu.ion "a." "l1"rea1!ter, to-wit; on the..LL.,day of-p'-..L.. ,l9 1
duly rublished in the "Seal ~each Post," a weekly newspaper, pub-
lished and circ11l0.t."u iu .....Ld City of Seal ~each, and
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WHEREAS, the ~oard of 'l'rusts"!s of said d~ t y of Seal ~each
at its regular me,ting held on the La.ay of ~p., , 19?1,
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Ordinance Number
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y a vote of more~han two-thirds of all of its members, duly
assed and adopted an Ordinance, being Ordinance No. ff of said
ityof Seal Fleach, ordering the submission 01 tne proposition
f incurring a bonded debt, for the ]urpose set forth in said
Resolution NO~ to the qualified voters of said City at a special
munidPal election called to be held on the l4th day pf June,l92l,
which said Ordinance NO.-'4 was t lereafter, to-wit: on the
an:! ,_-:2 _ days of ""'t~ ' 1921, duly published in the "Seal
Fleach Post", a weekly newspaper of general circulation printed
and published less than six days a we~k in said City of seal ~each,
and
WHEPF.AS, said special municipal ~lection was held in said
City of Seal Peach on the l4th day of June, 1921, in accordance
with the provisions ani requirements of said Ordinance NO.~ of
said Ci~, ordering, calling, providing for and giving notice of
such election,~ and as provided by law for holding municipal elect-
ions in said City; and
WHEREAS, the proposition of incurring the bonded debt here-
inbefore recited reoeived more thm two-thl.rds of the votes of the
qualified electors of said City voting at such election; and
WHERFAS, all and sin~lar the prOVisions of an Act of the
Legislature of the State of Calif"rnia, entitled "An Act authoriz-
ing the incurring of indebtedness by cities, towns, and municipal
corporations for municipal improvements, anj r~fUlating the ac-
~licition, construction, or comrletion thereof," which became a law
February 25th, 1901, and all Acts amendatory thereof and aUPllemen-
tary thereto;and the neneral Laws of the State of California, have
been fully complied wi th so as to authcrize the issuance of said b dl
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and
WHF.R~AS, the public interest and necessity demands tbat all
of said bonds be issuei an:! sold at the earliest practicable date;
NOW, THF.Fli;FORF, the ~oard of Trustees ('f the City of Seal
~each do ordain as follows:
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Ordinance Number
Section l. That bonds of the City of Seal Peach, Californa
in the sum of Fifty Thousand ($50,000.00) Dollars, be issued in
accordance with the Act of the Legislature of the State of Califor-
nia, entitled ftAn Act aut horizing the incurring of in1ebtedneas
by cities, towns, and municipal corporations for muni~pal improve-
ments, and regulating the acquisition, con8~ruction, or completion
thereof,ft which became a law February 25th, 1901, and all acts
amendatory t h!lreof and supr_lementary thereto, and the Oeneral Laws
of the State of California, for the purpose of the acquisition, con
struction and completion by the City of seal ~each of a certain rev
enue producing municipal improvement, to-wit: w.....'" '/10.1'1<... ..:0'"
supplying the City and its inp.l1b1r...i:lI"h "l~!' "u."., including the
acquisition of lands, rights-of-way, machinery, pipes, an:aratus,
wells, pipe lines, mains, lat~rals, meters and attac~ments, and
other works necessary therefor; that said bonds shall be designated
and called ftWater Works Bond, Election 19Z1,n and shall be eighty
(80) in number, and shall be numbered from One (l) to Eighty (eo)
both inclusive, and shall be of the denomination of One Thousana
lw-J.UUU,Ul') Dollars each for the odd numbered bonds, and shall be of
the denominaticn of Two Hundred Fifty (#250.00) Lollars each for
the even nu~b~red bonds, and the principal and interest thereof
shall be payable in lawful money of the United states at the office
of the Treasurer of said Ci1?f of Seal Peach, California; that said '
bonds shall be dated January 2nd, 19~~, and shall bear interest 1
at the rate ot tl1x (b~) !'oer centult, p~r ar.num, payable semi-lmnual y
the 2nd day of July and the 2nd day of January of I
on every year,
beginning July 2nd 1922, until the maturity thereof; ar.d that said
bonds shall be payable in the following manner:
Pond No.1, for IlOOO'OO on January 2nd, 19?2,
Pond No.2, for 250.00 on January 2nd, 1922,
Bond No.3, for lOOO.OO on January 2nd, 1923,
~ond No.4, for 350.00 on January 2nd, 1923,
Bond No.5, for lOOO.OO on January 2nd, 1924,
Pond No.6, for I 250.00 on January 2nd, 1924,
Pond NO.7, for lOOO.OO on January 2nd, 1925,
Bond No.8, for · 250.00 on January 2nd, 1925,
~ond No.9, for flOOO.OO on January 2nd, 1926,
Bond No. lO,for 250.00 on January 2nd, 1926,
Pond No. ll,for 1000.00 on January 2nd, 19~7,
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Flond No.
Flond NO.
Flond No.
Flond NO.
Flond NO.
Flond No.
Flond No.
Flond No.
Pond No.
Flond NO.
Flond No.
Flond No.
!'lond NO.
!'lond No.
!'land NO.
Pond }!o.
Flond No.
Flond No.
!'land Ne.
Flond No.
Flond No.
!'lond No.
Flond NO.
Flond No.
Flond No.
Flond No.
Pond No.
Flond No.
Flond No.
Pond No.
!'lond No.
Flond No.
Flon. No.
Flond No.
Flond No.
Bond No.
Bond No.
Bond No.
Bond No.
!'land No.
Flond No.
Flond No.
Flond No.
Flond NO.
Flond No.
Flond No.
Bond No.
Flond No.
Bond No.
PondNo.
Flond No.
Flond No.
Flond No.
Bond No.
Flond No.
Bond No.
Bond No.
Bond No.
Flond No.
Flond No.
Flond No.
Flond No.
Flond No.
Flond No.
Flond No.
Pond No.
Rond No.
Rond No.
Bond No.
Ordinance Number
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l2,for $ 250.00 on January 2nd,
l3,for $lOOO.OO on January 2nd,
l4,for $ 250.00 on January 2nd,
15, for 11000. 00 on January 2nd,
l6, for 250.00 on January 2nd,
17, for lOOO.OO on January 2nd,
l8,for i ~50.00 on January 2nd,
lS,for ~lOOO.OO on January 2nd,
20, for 250.00 on January 2nd,
2l, for 1000.00 on January 2nd,
Sa,for 250.00 on January 2nd,
23,for 1000.00 on January 2nd,
24,for 250.00 on January 2nd,
25,for lOOO.OO on January 2nd;
26,for 250.00 on January 2nd,
27,for lOOO.OO on January 2nd,
as,for 250.00 on January 2nd,
29,for 81000.00 on January 2nd,
30, for $ 250.00 on January 2nd,
3l,for $lOOO.OO on January 2nd,
32,for $ 250.00 on January 2nd,
33,f6r ~1000.00 on January 2nd,
M,f6r 250.00 on January 2nd.
35,for 1000.00 on January 2nd,
36,for 250.00 on January 2nd,
37,for lOOO.OO on January 2nd,
38,for - 250.00 on January 2nd,
39,f6r" 1000.00 on January 2nd,
40,for 250.90 on January 2nd,
4l,for lOOO.OO on January 2nd,
42,for 250.00 on January 2nd,
43,for lOOO.OO on January 2nd,
44,for 250.00 on January 2nd,
45,for lOOO.OO on January 2nd,
46,for 250.00 on January 2nd,
47,for lOOO.OO on January 2nd,
48,for 250.00 on January 2nd,
49,for lOOO.OO on January 2nd,
50,for 250.00 on January 2nd,
5l,for looO.OO on January 2nd,
52,for i 250.00 on January 2nd,
53,for lOOO.OO on January 2nd,
54,for 250.00 on January 2nd,
55, for 1000.00 on January 2nd,
56, for 250.00 on January and,
57,for lOOO.OO on January 2nd,
58,for 250.00 on January 2nd,
59,for lOOO.OO on January 2nd,
60,for 250.00 on January 2nd,
6l,for looO.OO on ,Tanuary 2nd,
62, for 250.00 on January 2nd,
63,fer lOOO.OO on January and,
64',for 250.00 on January and,
65,for lOOO.OO on January 2nd,
66,for 250.00 on January 2nd,
67,for lOOO.OO on January 2nd,
68,for 250.00 on January 2nd,
69,for 'lOOO.OO on January 2nd,
70,for 250.00 on January 2nd,
7l,for lOOO.OO on January 2nd,
72,for # 250.00 on January 2nd,
73,for ilOOO.OO on January 2nd,
74, for $250.00 on January 2nd,
75,for lOOO.OO on January 2nd,
76,for 250,00 on January and,
77,for lOOO.OO on January 2nd,
78,for 250.00 on January 2nd,
79,for lOOO.OO on January 2nd,
80, for 250.00 on January 2nd,
1927 ;
19?8,
1928,
1929,
1929,
1930,
1930,-
It'3l,
1931,
1932,
1932,
1933,
1933,
1934,
19M,
1935,
1935"
1936,
1936,_
1937"
1937,-
1938,
1938,
1939,
1939,
1940,
1940, ,
1941, ,
1941,
1942,
1942,.
1943,
1943,
1944,
1944,
1945,
1945,
1946,
1946,'
1947 ,
1947,
1948,
1948, '
1949,
1949,
1950,
1950,
1951,
1951,
1952,
1952,
J953,
1953,
1954,
1954,
1955,
1955,
1956,
1956,-
1957,
1957,
1958,
1958,
1959,
1959,
1960,
19611l,
19 6l ,
1961,
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Ordinance Number
Section 2. That said bonds shall be substantially in the
:GCllowing form to-wit:,
No.
UNITED S~ATES OF AMERICA
STATF. OF CALIFORNIA.
CITY OF SEAL BEACH
~WATF.R WORKS BOND,FLFCTION, 1921".
$
Seal Beach, Oalifornia, January 2nd, 1922,
.
On the 2nd day of January, 19_. ( year of maturity) the
City of Seal Reach will pay "'C the bearer'the sum of
Dollars with interest thereon at the rate of Six per centum ~er
annum, payable semi-annually, July and and January and, upon pres-
entaticn and surrender of the interest coupons hereto attached;
bo1h principal and interest are payable in lawful money of the
United States at the office cf the City Treasurer of the City of
Seal Beach in Seal Beach, California.
+ This bond is issued in pursuance of and in full compliance
with the ~ovisions of the Act of the Legislature of the State of
California, entitled "An Act autl:xlrizing the incurring of indebt-
edness by cities, towns, and municipal corporations for municipal
improvements, and regulating the acquisition, construction, or
completion thereof", which became a law February 25, 1901, and of
sll Acts amendatory thereof and supplementary thereto.
It is further certified, t hat all requirements of the
constitution and laws of the State of California, and all
Ordinances of said City of Seal Beach have been fully complied wih
by t"e pror-er cfficers in the issuing cf this Bond; t lilt this issue
of bonds has been autrorized by the vote of two-thirds of the duly
qualif ied electors of said City voting on the question of such
issue at a spe cial election duly and regularly called and held in
said City on June l4, leal; and th~t the tot al amount of this
issue, together with all other indebtedness of said City, does not
exceed the limit prescribed by the constitution and laws of the
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Ordinance Number
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State of California; that befpre or at t:r.e time of inourring the
debt evidenced hereby, prOVision has been made for the oollection
of an annual tax sufficient to pay the interest on such indebted-
ness as it falls due, and alee provision to constitute a sinking
fund for the yayment of the principal thereof on or before maturity
IN WITNESS WHEREOF, the said City of Seal Fleach has caused
this bond to be signed by the exeoutive of said munioipality, to-wi:
the President of the Floard of Trustees of said City, and also by
the Treasurer of said City, and to be countersigned by the Clerk of
said City and has oaused the corpaate seal of said City to be here-
to affixed, and the said City has also oaused the said interest
coupons hereto attached to be numbered oonsecutively and signed
by the Treasurer d said City of Seal Fleach.
President of the Floard of Trustees of ~he
Cit y of seal Fleach, California.
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City Treasurer of the-City of Seal Beach~
, California.
Ccmntersigned:
City Clerk of the City of Seal Fleach, Cal-
ifornia.
That coupons shall be attached to each of said Eighty (80)
bonds for the interest acoruing thereon, and that said coupons
shall be numb~red consecutively and shall be substantially in the
following form, to-wit:
$
(the amount of inter~st on bond to which coupon
is attached). On the 2nd day of
(year of maturity) the Cityof Seal
, ,
(month of Maturity) A.D.___
Beaoh, California, promises to
pay to bearer, at the offioe of the Treasurer of said City, in
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Seal Beach, California, the sum of
lawful money of the United States,
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due on Water Works Pond, Election
to whioh coupon is attached). ~
dollars, in
being the semi-annual interest
l:92l, No.
(the Number of bond
Oi t Y Treasurer of the Oity of Seal
Fleach, California.
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Ordinance Number
Section 3. That said bonds shall be signed by the executiv
of said City of Seal Fl'each, to-wit: The President of the ~oard of
Trust"es of said City, and by the Treasurer of sdd City, and
shall be countersigned by the Clerk of said City, and said City
Clerk is hereby authorized and directed to affix the corporate
seal of said Oity thereto, and the Treasurer of said City is
hereby authorized to sign the interest coupons of said Ponds,aad
said ~onds shall be delivered by said City Clerk to said Oity
Treasurer in such amounts as the ~oard of Trustees of said Cit y
may-from time to time determine; and such City Treasurer is hereby
authorized and directed to sign all of the interest coupons of said
~onds by his lithographed or engraved signature.
~ Section 4. That for the purpose of securing and providing
for the payment of the ~rincipal and 'nterest on said bonds, the
~oard of Trustees of said City shall, at the time of fixing the
general tax levy, and in the manner for such general tax levy
provided, levy and collect annually each year until such bonds
are paid, or until there be a sum in the treasury of said City
set apart for that lUrpose to meet all sums coming due for prin-
ci~al and interest on said bonds, a tax sufficient to pay the
annual interest on said bonds, and also such part of t 18 nrincinal
thereof as shall become due before the time for fixing the next
- general tax levy; that such taxes shall be in addition to all
other taxes levied for municipal purposes, and shall be collected
at the time and in the same manner as other municipal taxes are
collected, and be used for no other purpose than the payment of sai
bonds and accruing interest; that as collected said taxes shall be
fort lw1t h paid into the fund for which the same were levied and
collected; that such fund shall be designated ftWater Works Rond,
Election 1921, Interest and Sinking Fund.a
Section 5. That the procee~s of the sale of said bends
shall be placed in the Treasury of said City to t h! credit of
a fund to be known as the ftWater Works ~ond, Election 1921 Fund,ft
and shall be apr-lied exclusively to the purpose mentioned in t~s
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Ordinance Number
Ordinance, to-wit: for the purpose of the acquisition, construc-
tion and completion by the City of Seal Beach of a certain revenue
producin g municipal improvement, to.wi t: Water Works for the sUPJ:ly-1
ing the City and its inhabitant,S with water, including the acqui-
sition of lands, riglIt s of way, machinery, pipes, apparatus, wells
nipe lines, m~ine, laterals, meters and attachments, and other
works necessary therefor.
Section 6. That the City Clerk shall attest this Ordinance
and certify to its nassage and adoption and shall cause the same
to~be published once in th~ "Seal Beach Post," a weekly newspaper
of general circulation, printed, published and circulated in the
City of Seal Reach, and that this Ordinance shall take effect
immediately upon its passage and adoption.
Passed and adopted by the Board of Trustees of the
Seal Reach this 2----Lday o~~ ,l921.
(Signed)
P e ent
the
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City of i
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(Seal of City of
Seal Reach)
, rustdl~
BeaCh,Oal1fOrr-
ATTF.ST:"
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Beach, California.
State of California,
County of Orange,
Ci t Y of S.,al Beach.
~ ss.
I, R. B. BrClRn, Oit y Clerk of the City of Seal Beach, do
hereby cert ify t lat the foregoin g Ordinance was introduced be-
fore the Board of Trustees of said City, at the regular meeting
of said Board held on the .it_day of '. -" ,..., 1921; that said
Ordinance ~as duly passed and adopte by said Board of Trustees,
at a regular adjourned meeting of said BCll.1'd, held on the .;?-I
day of ~f</ , 1921,
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Ayes:
Noes: Trustees
Absent: Trust~~
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Ordinance Number
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IN WITm;:S$ WHEREOF,
"
the Seal of the Ci.~y of' 'S.eal Reach this ;:;L I day of . I
, 1921.
'''; ,{ (Signe
Ci t y Clerk of the City of Seal
peach, California.
(Seal of City of Seal Reach).
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llF.DlIIAllOE lie .d
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c.nlClN/l 0'- ..~
NOT TO' .-' 'CI~l COpy
BE T""'N
THE CITY ~'''''.I r=.:OM
ClEI~i<'S Oi=I=/CE
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3
N; CRDlliAilCE T'RC71 DI:iG FOR TI:E 1 R::UAlI'::r. OF MUDS CF THE
~ CTTY CF fl7.AL FEA~, COUNTY CF ORAljGh, STATE OF CALIFORllJA, IN
5 THE AI.IOlmT OF FIFTY THOlJSAliD DOLLARS ($l)o,ooo.oo) FC'Ji THE ruR-
6 l"CB6 r.F AC~IRli;!l? 11i5"Ft~C'l!tlI!] AlTD cr.m'LEl'llT!l A CF.Rj'Ali:1 Rr:~i;:l;UE
7 T>R,r.DUClil!l j,:TJKT'}IrAL 1"'T'Rr:.!E;..EiiT, WATF.F lICr..KS, FCR 5tlT>T'LYlUG THE
i
8 CITY A:iJJ ITS lliHABITAlIT3 WI n: WATF..R, llTCWDIUG THE AC~UISITICU
9 OF LAUDS, R1GHTS CF WAY, ;.:ACHIHERY, rlT'ES, AT'T'AF.A1't18, WELLS,
10 ptT'E LINES. MIniS, LATERALS. L:ETERS AHD ATTACHLlEHT, AND OTEER
11 WORKS llECES:lARY THF;RF:f0Fii;? 11r ACCCRDAHCE WITH Aljf 1.3 AUTHORIZED
12 tAL F.LECTIOl{ HF:LD T:ir SAID CITY OF S;;:AL HACH, ON THE / c.,L
13 DAY OF
14 (
15
16
17
18
19
20
21
22
23
24
28
28
27
28
29
30
31
32
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