HomeMy WebLinkAboutCC Res 24 1918-02-06
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Fe It Fesolved and determined by the Foard of Trustees of the
1 City of aeal ~eaoh, County of Orange, State of Californiaa as
2 follows:-
3 Whereas, the Foard of Truetees of the City of aeal Fsach,
4 at its regular meeting held on the 20th. day of September, 1917,
5 by a vote of more than two-thirde of aJl its members, duly paessd
6 and adopted a resolution, being resolution No. 19 of said City
7 of 3eal reach, deteru.ining that the public interest and neoessit_
8 les of said City of Real reach demande the acquisition, construe-
9 tion and completion, by the City of 3eal reaoh, of a certain
10 municipal improvement, to-wlt: a sewer system in said City in-
11 eluding all pipes, pipe lines, mains, laterals, connections,
12 attachments, man-holes, ~achinery, septio tanks, propertY,appara-
13 tUB, and appliances necessary or convenient for the purpose of
14 properly and sanitarily disposing of the sewe.age of the City of
16 3eal reach, and that the estimated cost of such improven,ent ie
16 the sum of Forty-five Thoueand Dollars, ($45,000.) and determin-
17 ing that~he cost thereof, ie and will be, too great to be paid
18 out of the ordinary annual income and revenue of eaid City;
19 which said resolution woe tt.ereafter, to-wit: on the 21st. day
20 of Repteffiber, 1917, published in the "Seal reach Post", a weekly
21 newepaper, pUblished and circulated in the said City of Seal
22 Feli.oh and
~ Whereas, the Foard of Trustees of the City of 3eal Feaoh
24 at its regular meeting held on the 11th. day of Ootober, 1917,
25 by a vote of more than two-thirds of sll its members, duly passed
26 and adopted an ordinance, being Ordinanoe No. 39, of eaid City
27 of Seal Feaoh ordering the subu.ission of the proposition of
~ incurring a bondeQ debt for the purpose ..t forth in said reeolu-
m tion No. 19, to the qualified voters of said City at the special
00 maatoipal election called to be held on the 12th.'day of
31 November, 1917; which said ordinance No. 39 was thereafter,
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to-wit: on the 12th. and 19th. daye of Cctober, 1917, duly
published in the "38al reaoh Post", a weekly n~wspaper of general
oirculation, printed and published liss than six days a week in
said City of aea1 reach and
Whereas, said special municipal election was held in said
City of neal reach on the 12th. day.: f NOvember, 1917, in
aocordance with the provisione and requirements of said Crdinance
No. 39 of said Oi ty J ordering,. oalline snd provid~ng for a
general notice of such election and Be provided by law for
h01'ing municipal elections in said City and
Whereas, the proposition of inpurring the bonded debt,
hereinbefore recited, received more than two-thirds Gf the votes
of the qualified electors of said City voting at such election
and
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14 Whereas, all and singular the provisions of an Aot of the
W Legislature of the 3tate of California, entitled" an Act
16 authorizing the incurring of indebtednees by Cities, Towns and
17 Mvnicipal corporations for municipal improvements and regulating
18 the acquisition, construction or completion thereof", which
19 became a law February ~5th., 1901 and all Acts amendaLory therecf
m and supplementary thereto, a~d the General Lawe of the 3tate of
21 California have been fully oomp1ied with so as to authorize the
22 issuanoe of said br.nds and
23 Whereoe on December 6th., 1917, the Foard of Trustees of
24 the City of aea1 Feach me't in regular seseion and on motion at
25 duly seconded end carried, a notice of sale of bonds w~order-
26 ed pulliehed in the 1I3eal reach Post"twice on DeoeClber 7th. and
,27 December 14th. and
28 Whereas, the City Clerk caused notice of sale of bonds
29 and inviting sealed bids therefor for sixty of the municipal
30 bonds of eaid ~i ty of Seal Feaoh, being11eewer eystem bonds'(
31 numbered from one to sixty, Loth inclusive and consisting of
32 thirty bonds of the denomination of Cne Thousand (tlOOO.OO) each
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and thirty bonds of the denomination of Five Hundred (&500.00)
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eaCh, and lids for said bonds to be filed with the City Clerk of
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said City before the hour of ei8ht o'clock P. ~. of Thursday,
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December SOth., 1917 and
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Whereas, the City Clerk of the City of 3eal Beaoh forwarded
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to the State Foard of Con~rol and to the State Treasurer at
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~acramento, California a notice of the sale of said bonds pur-
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suant to Section 678 of the Political Code of California and
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Whereas, on Deoember'20th., 1917, no bide were received by
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the said City Clerk for said bonde and
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Whereas, in accor4tnce with Ordinance No. 43 of said City'.r
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Seal Beach, all bor:ds shall be dated January 2nd., 1918 and bords
12 No.1 for $1000.00 and bond No.2 for t500.00 g~payable
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on January 2nd., 1919 and
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Whereas, the publiC interest and necee9ity demands that all
of the reliJaining bonds be is'ued and sold at the earlieet
practic&ble date.
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Now therefore, the Foard of Trustees of the City of Seal
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Beach, California, now determine to sell the fifty-eight "sewlr
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system bonds"; for the purpose of acquisition, construction and
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coulpletion bl' the Ci ty of Seal Feach of a certain municippl im-
provement, to-wit: a sewer system in said City, tmcluding all
pipes, pipe lines, mains, laterals, connections, attachments,
man-holes, machinery, eeptic tanks, property apparatus and
appliances necessary or convenient for the purpose of properly
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and sanitariiy disposing of the sew~age of the ~ity of Seal
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Beach.
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The City Clerk of the City of Seal Beach is hereby directed
to notify the State Foard of Control and the State Trsasurer of
the proposed sale pureuant to Section 678 of the Political Code
of the State of California.
The City ~lsrk is hereby direoted
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to advertise for bids for the sale of fifty-eight sewer bonds;
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2 twenty-nine of said bonds to b~'of the denomination cf tlOOO.Ov
each and twenty-nine of said bonds to be of the denomination of
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$500.00 eaoh.
,The ~oaTd of Trustees of the City of Seal reach wifl re-
ceive bids for these fifty~ight bonds and all bids must be filed
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with the City Clerk of said City before the hour of eight o'clock
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r. M. of Thursday, February 20th., 1919.
Each bid must be accompanied by a check payatle 'to the
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Trea.~er of the City of Real Feaoh and certified by a respon-
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sible BJDk in the sum amounting to at least two perc'nt of,the
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amount bid.
The certified check of any bidder, whos. bid is not
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accepted, will be returned to the tidder or person depositing the
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check.
No bid will be coneidered for less than par value of the
b~nds and all accrued interest.
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The F03rd of Trustees reserve the right to reject any and all
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bids and does not agree to accept any bid or to sell said bonds
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20 to any bidder.
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The City Clerk of the City of Seal Feaoh is hereby direct-
22 ed to publi~h notics of eale of said sewer bonds, at least
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23 in the "g~al Feac~,Post", a n~wspaper of gen;r~l ciroulation;
24 printed and Publis~ed in the said City of'seal. Feaoh, County of
25 Orange,_3tate of California.
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Passed and radopted by the Foard of Trus tees of the City
27 of Seal Feaoh and signed and approved by the President thereof ,
28 at a meeting hi said Foard held on the ~~day of ~ 1919.
29 The City Clerk of the City of Seal Feach ehall oertify to
80 the paesnge and adoption of this resolution by said Foard of
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1 Trustees, and the same ehall be aprroved by the President of
2 eaid ~oard of True tees.
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nt of the ~oard of Trustees
e City of Seal ~eaoh.
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ArnST
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City C~.r and E Officio
of the ~oard of Trustees of
the City of Seal FBach, California.
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The above and foregoing resolution No.
of the City of
is approved and signed by me this
Seal Feach, California
day off~9.
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ent of the Foazd of Trustees If
ity of Seal Feach, California.
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