HomeMy WebLinkAboutCC Res 269 1936-01-02
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RESOLUTION NO. 269
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL
BEACH, ORANGE comITY, CALIFORNIA, AWARDING CERTAIN
BONDS OF SAID CITY TO THE UNITED STATES OF -UIERICA
UNDER A CERTAIN LOAN AND GRANT AGRlm4lmT.
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The City Council of the City of Seal Beach, County of Ora nee,
State of California, does hereby Resolve:
Section 1: That the f'ollowing desoribed bonds of the City of' Seal
Beach, be and they are. hereby sold and awerded to the United States
of ~erioa pursuant to Loan and Grant P.W. 46599-3, State File No.
calif.1138, in the prinoipal smount of @30,000 f'or par plus aocrued
interest to the date of' their delivery, towit:
(a) Obligor: City of' Seal Beach;
Ob) ~pe: Negotiable, general obligation, coupon bond, designated
II Water Works System Bond of 1935";
(0) Denomination: $1,000; Cd) Date: April 1, 1935;
(e) Interest rate ond interest payment dates: 4% per annum, pay-
able semi-annually on April 1 and October 1 in each year;
(f) Plaoe of' Payment: At the Of'f'ice of the City Treasurer of' the
Oity of' Seal BeaCh, Orange County, California;
(g) Registration privileges: Registerable as to both prinvipal
and interest.
(h) Ma~ities: $1,000 on April 1 in eaoh of the years 1936 to
1945, inolusive, and 02,000 on April 1 in each of the years
1946 to 1955, inolusive;
(i) Seourity: Payable, as to both principal and interest, from
ad valorem taxes whioh may be levied without limit as to rate
or amount upon all property within the territorial limits of'
snd subjeot to taxation by said City of' Seal Beaoh( except
that oertain tnt!mglble property is taxable at a limited rate~
That the City Clerk of' said City is hereby authorized and
directed to deliver said bonds to the purchaser, af'ter ~he said bonds
have been exeouted by the of'fioers of the said City therednto author-
ized and direoted, upon reoeipt of' the purohase pr9be~ef' said bonds as
hereinbef'ore speoif'ied.
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~assed, Adopted and Approved this 2nd, day of' January, 1936.
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~\~tate "M' Ci1Forn1a, Oounty of' Orange, City of' Sesl Beach. ss.
'l::-..:,..... I,_~~'l:$i1 B. Padrick, City Clerk of' the City of' Seal Beaoh,Cal1f'or-
'~~I~'U~ne~by oertify that the f'oregoing resolut~on was duly passed,
idOpt'ed?~n-a: approved by the City Counoil of said City, at a regular
meeting thereof' duly held on the 2nd,day of January, 1936, by the
~.. \ fo"liowing votes: ~ /. //~
~~.:..:~...:..:..~~ AyeS;COUncilmen:.A~ . uJo..:Jlul MiJ '<<.1
~. :~<:. .~ '>O;'~ Noes;Councilmen:~', .
-;::: ::.:'"' ~~ Absent; Councilmen:
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Resolut1on Numbe~
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STATE OF CALIFORNIA)
COUNTY OF ORANGE ) SS.
CITY OF SEAL BEACH )
I, Ollie B. Padrick, City Clerk of the City of Seal BeaOh,
County of Orange, State of' Calif'ornia, do hereby certify that the
foregoing and attached is a full, true and correot copy of' the
Original Resolution No.269 now on f'ile and of' reoord in my office,
with which original I have oarefully compared the same.
IN WITNESS WHEREOF, I have hereunto set my hand and af'fixed the
of'f'ioial seal of' said City of' Seal Beach, this 2nd, day of January,
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