HomeMy WebLinkAboutCC Res 82 1922-06-01
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RISOLOTIOI ITO..I:&
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A RJ:8OLU'J!lON J:IIl'!IRJI1N1NG UNPAID ASSU811&:N'.I!S PCB
_ WORK DOm: .oD IJI1lROVDEn JlADI UPOll MAD
8'mEE'!L~I1D mE AGGREGATE A1&ool1'1 '!HEBEOI' ;'fHA'!
BONDS u ISSUED UPON !HE 8EOURny '!HEREOr; PRI-
ecRIB1NG !HI JlII01&1N1'1'10N8 or SAID BON.08 AND
PROVIDING raa mE I88UANOlil 01' 'lHE 8AJ11!: IN ABWAI.
8D1I:8. .
lhueae. a warrant and assessment. d~ted the 25th 11&,. of
lIareh, 1935, was 1.sued for the work done, and improvement made
'UpOn 1I&1n 8treet, an open public street in the Oi't7, of 8eal
leach, wh1eh work and improvement 18 briefly described in
Rese1ution of Intention No. 39 of said. Oity, palsed on the 15th
clay of OCtober. 19B1. and ord.eZed dons and made by Resolution
No. 48. passed on the 10th day of lovember. 1921, and was done
and. made by H. I. Oox, under a oontract awarcied. to him on the
15th day of December,' .1921 and.
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Whereas. on the lOt:t1 day of lIay. ,192S, bei~ 'after the
full ezpirat10n of thirty cla1' :trom the date of the warrant
ing
and no appeal hav/- been taken. &s provided by the Improvement
ACt of 1911. and the said warrant and assessmen'll being retur_
and reoorded by the 8treet Superintendent ~f the 01ty of 8eal
Beach and after said return was reoorded. the 8treet 8\1per1nflBn-
dent lI1IlI1e up aDd flled with .the Olerk of the 01 ty of 8eal
leach, as the Olerk of the Board. of b:~t~,el thereof, a complete
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lilt of all unpaid a8selsmentl upon the,a:~8essment. and laid
Olerk ther8l1Pon gave Notioe of the Ul1rig 'of said list and
that S o'olock of ~ur8day, the fir8t d.ay..of June, 19S2, at the
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oou1lCll ohamber 'of the Board of 'hueteel o~ the Oity of seal
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Beaoh was the time therein fized by htm when inters.ted per.anl
might appeaz before the Oi ty Oouncil and' show oause wh1 bonds
shell, Dot be 1aeued upon the leour1 ty of the unpaid usessments
shown on laid list, by pOlting laid lotioe oon8p:LouOll81y near -ti.
the oounoil ohamber door of the 01 ty of' Seal Beaoh, on the I (:, -
day ,of lIa1', 1922, a%1d. said lotioe relll&ined there polted until
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Resolution Number
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, the 31st day. ot Jlay, 1922, ~d by publishing the Notice twice
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in the SEAL BEAOH POSf AND VAn, a newspaper'Pubiislied-ln the-" --".- ~
Oity of Seal Beach, to-wit: On the 18th and 26th dayS of Kay,
1922, the first publication of which was ,mor,e than five full
clays before the time therein fixed for such hearing; and
further, by mailing sa:l.d Notioe, postage prepaid, to the owner
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.of each lot l1sted according to the name and address appearing
on the last equal:l.ried assessment roll f= Oi ty taxes of the
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Oity of Seal Beach, prior thereto; and
~reas, . the Board of !rustees of the Oity of Seal Beaoh
was in session and duly oonvened at the time and place :lJi the,
sa:l.d HoUos spsoifi~d and prOVided to hear any ob~ect1ons pre-
sented and no interested = other person appearins to shoW
cause or did show cause why Bonde shall not be 1ssued upon the
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se~rii7 of the unpa~ assessments or ob~eoted thereto:
It is therefore now, by the Board of ':rustee. of the Oi ty of
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Seal Beaoh, determined, resolved and ordered as fol~ows:-, ,
first. 'l'he assessments which are unpaid tor the work done
and :I.mprovement llI8I1e upon 1Ia1n Street, whioh w=k and improve-
ment i8 briefly desoribed in Resolution, of :tnt~nt1on No. 39,
passed on the' 13th day of October, 1921, and ordered done and
mads by Resolution No. 48, passed the lOth day of November,
1921, are as follows:
Second. The aggregate amount'of the unpaid assessments
f= the work done and improvement made upon HBin street is
'16,960.10, an;)hi8: amount :1.8 the aggregate of the foll~ng
unpaid aSBSssment numbers shown in red upon the warrant diagrli\lll._
and aseessment, to-w:l.t:
Assessment lUmber
A11IOun~
6ae.93
"'50 . 00'
100.00
126.00 .
140.00
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Resolution Number
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Amount
1881.62,
- -'-' - 9Gr.M--
.1.00
6.00
6.00
1&8.64-
866.29
8U.29
266.29
,866.29
2S6.29
2S6.29,
2S6.89
2S6.89
2S6.29
2S6.29
266 . 29
MB:R
266.89
866.39
2S6.39
'265.29
866.39
266.29
,266.29
266.29
998.31
, 42.25'
48 26
1.1111I1;. No.
Amount
Alllllt .Jlo.
"
6"
a,
9
10
11
la,
13
14
17
19
20
81
I a6
86
27
8a
88
30
31
S8
3S
3ll-
36
37
38
19
40'
4.1
44
46
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, 46
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49
61
68
53
66.
67
69
60
61
S2
63
64-
69
;0
7a
71
'14
'16
78
'17
'19
so
81
sa
83
,84
86
86
'.135';00
101/34
,866.29
865.29
266.29
266.29
266.29
266.29 '
266.29
266.29
266,29
2El6.29
266.29 '
265.29
2S6.29
266.29
266,2Q
266.2(1
266.29
266.29
266.29
285.29
266.29
266;29
aB5.29
266.29
266.29
265.29
865.29
173.60
18 And this Board having heretofore ordered that the lalt
19 inltaJ."'ent of laid Bonde lhall mature fourteep. (14) years frOlll
20 the 2n~ day of July next II1cceed.1ng nine (9) lIIonthe froD! their
21 date.
22 !hird.. Bonds shall be issued upon the seouri ty at the un-
23 Paid assesBlllents shown on the li8t thereof, as' hereinabove
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determined for the aggregate principal of the sUIII of unpa:ld.
ass es BIIIen t8, to-1I1 t: '15,960.10, and. shall be payable in ,
fifteen (15) annual series on the 2nd day of July of eaoh year,
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next succeeding nine '(9) lIIo~ths after their date, 'until ~he
whole SUIII of the aggregate prinoipai the'reof is paid. 8a.1d
bonda and. each of thelll shall bear interest at the rate of seven
('7) per cent per annum from the lOth day of.)lay, 192a, the d.ate,
of filing wi th the Olerk of the 01 ty at 8eal Beach of the
Street Super1ntendent1s list of unpaid. assesSlllents, until the
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whole ,111,11I ,of the principal :and the in~er~st ie paid. !he
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1 interest lhall be paid selll1-annWllly by coupons, on the' 2nd
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2 clay of January and Ny" respecll:l.ve1r-,' of--eacb.'yea::.- afite:s:-.the_-.J
date of the bonds. prov:l.ded that the f:l.r8t payment of intere.t
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shall not become due unt1l the second day of January, 1923.
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being 8iz (El) months before the '!'&turity of the first8l'lll1al
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Resolutio Number
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series of the bonds.
ne bonds aXld'interest .hall be p,aid at the office of the
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TreasureI' of the Oity of Seal lIe~oh in saill Oi ty, Oounty of
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Grauee, 8tate of O"'l1torn1a, upon the presentation of the proper
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bond. a.!ld ooupone. ,ou~ of the redemption fund, 'and und8:r
no O1ro~tanoes shall sB1d bonds or interest thereon be paid
'. of any o.ther. f'U:D.d.
A re<lempt1on fund shall be kept by the Treasurer .of the
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. OJ, ty of Seal lIeach, deli gnated Jlain street :t~rov8lllent lIOnd
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Redemption l'und, in whioh the ~eallfl1rer shall place all SW118
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reoeived'from the ~011ectionl of assessments made for the
17 payDzllJ1t of 'the cost of t218' work and i:mprov~ent 'Upon which the
18 bonds a:r:o issusd and 'the interest a.nd penali tel thereon. All
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19 of the bonds shall be da'jied the ,1st of oT~, 1922' and shall
20 be mmbered oonlecutively from 1 to 10, both inclueive. All
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21 of the odd numbered bonds shall be in the denom:l.nation of J'ive
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H1lZ1dred'Dollar., Ctf)OO.OO) aZld all the
be in the denolll1nat1on of 'BElI.M.
even numbered bonds shall
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24 !he form of the bo rd shall be SUbstantially as provided
25 by Seotion. 6 of '11118 tmprovement Bond ACt ~f 1916, provided
26 that the same shall contain the appropriate W01'dI aXld figures
27 to make t1le sud bond and '11118 form thereof applicable ,to' the
28 denomination, annual seriel, and purpo~es for whioh the bonds
29' are to be issued as herein set forth. !he bonds shall be
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signed. by the ~easurer and Olerk of t1l0ity of leal lIeach.
!here shall be attached .'110 each,Bond inter~et Q~pona
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representil\~ .the 'pajm8nte of 8~mi':"annUal interest and made payable
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Res91ution Number'
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upon the prinoipal of the bon4s to whioh they o.re attached.
, All of said ooupons shall be signed by the Treasurer of the Oi ty
of Seal lIeaoh but t1e Treasurer's signature may be engraved,
printed, or 11 thographed on the i,nte:rest ooupons in place of
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the treasurer'lI signatu.re by hand. .
'!he interest coupons shall be consecutively t\umbered. fro~
0%18 (1) upward on eB' h bond, and the interest thereby represente
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shall. be paid on the 2nd day of January and July, succeeding
the loth day of 'lIay, 19Sa, provided that the ooupons, ':represen':"
ting the first pa1lllent of interest, shall 'b~oolD8 due :the and
day of January, 1921, being siz (6) months before the III&turi ty
of the first a.mmal series of the bonds and. shall be for
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the intersst accruing theregn f1:0Dl the loth day of 14a:y,
1922 to said date.
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lIonds numbered 1 and 2 1nclusi va shall cone ti tu'tie annual
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series No. 1 and shall fall c1ue and be payable on the 2nd.
day of July, 1923; being tlie seoond day of July next succeeding
Dim months after the fi\l'lIt day of o1'\lne, 19aa, the date of
said boMs.
lIonds numbered 3 and 4 1nc1ua1ve shall oOl18titute
ammal seri es No.. a and shall fall due ,and be payable on
the and day of o1'\lly, 1924.
1Ionds numbere* 6 and 6 inclusive shall oonstitute annual
series No. 3 and shall fall due and. be pa:yable on the 2nd
day of July, 1926.
BOnds numbered 7 and 8 inclusive shall oonsti tute annual
series No.4 and shall fal:l due ,and be payal3e on the 2nd
day, of July, 1926.
"onds numberel?- 9 and 10 1nolusi ve shall oonsU tute
aJmual series No. .Xi E81d shall fall due' am be payable on the
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am day of July, 1927.
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Resolution Number
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BOMa numbered 11 and 12 inclusive, shall const1 tIlte
annual series No. Sand .hall fall due and be payable on the
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2nd day of July, 1925.
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Bond. numbered 13 and 14 inclusive shall cons,!!i tute
annual series No. ., and shall fall due and be payable on the
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2nd day of .July, 1929.
Bonds numbered 15 and 16 inclusive, shall const1 tu.te
ant\l,al series Bo. 8 and ah8.ll fall due and be payable on the
2nd day of July, 1930 .
Bonds numbered 17 and 18 inclusive, shall constitute
annual series Bo. 9 and shall fall due and be payable on the
211. d daY' of July, 19S1.
Bonds numbered 19 and SO inc1ue1ve, shall constitute
annual series No. 10 aJld shall fall due aJld be payable on the
2nd day of July, 1932.
Bonda numbered alL and sa inclusive, shall oonsti tute
annual series No. 11 and shall fall'~e and be payable on the
2nd day of July, 1933.
Bonds nnmbered 215 and 24 inclusive, shall constitute
annual series No. 12 aIXi shall fall due and be payable on the
2nd day of July, 1934.
Bond.s numbered 26 and 26 inclusive, shall constitute
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atlIll1a1 series No. 115 and shall fall dI1e and. be payable on the
2nd day of July, 1935.
.Bonds numbered 2' and 88 inclusive, shall constitute
annual series No. 14 and shall f~~l due and be payable on the
2nd ,day of July, 1936.
Boms nnmbered 29 'and 30 inclusive, shall constitute
annual series No. 15 and. shall fall due and be payable on
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the 2nd dll7 of July, 19157.
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orange, Oalifornia.
25 % hereby oertify that theforego:i.ng Besolution and Order
26 was regularly introduced and passed by the Board of 'rru.steee
of the Oi ty of Seal Beach at a regular meeting thereof held
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on the 1st day of June, 19S2, by 'the rote ~of .~he follOrins
named members thereof: ~ , L' A '
Ayes, :rrU8tee~ ~ L~ I~""Y'"
/ ,.y} ,
Boes, 'frustees , ( n<-fi!.. ' ,
.&bs ent, '1'r us te~s /1... ~
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" Res~lution. Number
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1 ,.outh. All of the bonds 8hall be 80ld to tlle h!gh8st
2 bidder therefor, but for not les. than the1l' par ,aDd acor'D8d
:5 interest at the date of their delivery,and tbe prooeeds of the
4 . 8al8 the~eol shell be depOlted in tlle '!reuU'l'. of tM Oi ty of
5 Beal Beaoh to, tlle o:red1 t of IIa1n 8treet Improvement Bond
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6 llecSemption fund, and from Which/shall' be paid'to B.I.COX, oon-
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tractor, the balaDCe due 111m upon the assessment &lid warrant
for the wOrk dOiw aDd improvement .e upon Jlaj;n 8treet, inolud1
interest upon the prinoipal amount at the rate of .even (7) per
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cent per annum. from the 10th day o~ 11&1'; 19a5, and'the surplus
of such prooeeds, if ,any, ehall be oredited to said Redemption
I'und for the payment of such bonde.
%f no satisfactory bids are reoeived or the Board of ~stee
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determine that the bide reoeived are not satisfaotory a. to '
prioe or respo!1lJibility of the' bidder; the Board of frustees
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reserves'the right to re;leot all bid8 received, if any, and re-
advertise the bomB for sUe or deliver said bonds to the 'con-
traotor in satisfaction of the sum due him upon the a88essment
and warrant.
J)fth. ':he assellment levy and oollecti~n of tuss in. and
for, the Oity ~f Seal Beaoh being mt#e tllrougb and,by tM Oounty
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of orange" and the Officere ,thereof, %f 18 OBJIZUD that a cop7
hereof be filed in tlle offLce of the !udi tor of the County of
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BT~T1 0' OALIJ'OElmA,~ ,...
OOURT! OF ORANGE. ~
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Resolution Number
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of leal Beaoh.
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and
I, B. B. BROR, the duly eleoted a,nd qUalified/aotins
Olerk of -the Oity of seal,Beaoh, 'd'o herebY. certify the fors-
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SQlnS to be a' full, true and correct, copy of' B~sOlution' Bo.1~,
of the Oi ty of Seal Beach. 1 have carefully compared the
8~ with the orie;i.nal which i. and remaine on file in my of-
fice.
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.~tne.. my hand and. official
1922.
IIf-
seal this !..:::..day of June,
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