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HomeMy WebLinkAboutOrdinance #117 3' M Ifi ri„` 971- ORDINAMOR NO. n Or4inarice prdvidi�g =fcir ''the ssza of 4 bonds of the G �'ty of .Hun�ti,x�U4, Beach in he � sum of Thirty-five nuns, :D� l°ors (��5�OQ0�aOO� !� 5 for the purpose of ac.quirrng,. cons truc ing and completing a sewer, system in the Streets of, the , r 6 City of Huntington each, Calif ornia o 7 I �BAS,,- the-',',Beard �of' Trustboo,�;ef 1-ho .Cit y} of .Hun, i ton O! t A. 4 10 Reach,, at its regular meeting helm, on- 0etnber 21., 1913, 'by a vote � 1 i of two-thirds .of all its members, du.1y, passed. and adopted a res- ` 12 olution determining that the publi'o -interest�'arid 'necessity of the 13 City of Huntington reach demanded the acgu" sition, cons ttii6,ti on. an 14 completion of a certain municipal improvement , to wit: 15 The acquisition, construction and co�pleti©n of sewers in the 16 streets, alloys, avenues and public places of said-city: 17 And determining that the estimated test- of the said. improve-" + 18 1 ment is the sum of Thirty-five Thousand Dollars ($35,,0000'00) and 19 such cost is and cvrill be too great to be- paid' out of the '65rdinary 20 rovonuo of said City of Huntington,Beach which, igdolutio� was on 21 tho said 21st day of October, 1913'', duly approved by. the. Chief {:• 22 I a Executive Officer of said City., to, wit`. the President of the Boa'rd 23 of Trustees of the said Ca y., ef; Runtl ton Beac and ' 24 s 4 WHEREAS, the said Board of_,Tirugtoe's `ef` said City of Htuntinjg- 25 ,ram o ton Beach did,thereaft6r,-. at. Jitc*.regular meeting, of -November 120 26 ' 19134 by a vote of f our-fj:fthi Hof all Its members, duly pass and, o�. 27 adopt an ordinance calling a special election to be. held in the � y 28 said City of Huntington Beach on the 30th day of ..December, 1913, 29 and submitting to the qualified voters of said" city the lroposit,io m 30 of incurring debt*,,,,, and issuing bonds for the purpose set forth in 31 � i a _ p. said resolixtidn�' to wit.: The proposition of _incurring a debt and 1' 32 issukig bonds in the. sum of Thirty-five Thousand Dollars ($$5,000o( 0)) * ' I ;+s' 1 e h _ t (. y;id 1 f or the purT)ose Of acquirin 9 constructing� - and completing� � p ng a sewer S 2 system in the. streets, alleys, aven7ies, and public places o a f said 3 city• and {{ I1 4VIHXRRAS,. the said ad ordinance calling the said election was j 5 duly and regularly published as 'therein provided, to wit: pub, 6 lished .once a creek for two surceedin' weeks in. the Huntington 7 Beach .News, a newspaper published less than sip (6) days a week 8 in the CitY of Huntington;.Beachs and j SAS, such special election .was duly and `re larl� 5� held 10 in the City of Huntington. Beach on .the: 30th day of I?ecember, 19 , 11 as, provided by said ordinance calling the .same and h i a y the laws of I� 12 the Stat0- .of Oalifornia, and more. then t°w —thirds of the qualified f 13 voters voti4g at such election voted in favor of said proposition N 14 of i.neurring said banded debt hereinbefore mentioned, and - 15 E AS,, ;at its regular meeting held,'on, the .5th day of January, 16 1914 :the Board of Trustees- of said. City, of Huntington Beach duly - 17 and regularly .canvassed the votes cast at such special elect ion, i ,A 18 and, caused., the 'result of such canvass to be enterers upon the minutes 19 of suoh boards and ' 6 20 WHEREASO all and singular of the provisions of tho Act of the' r' I 21 Legislature of the State of Ualiforniao entitiod "An Act Authoriz- 22ing the .Incurring of Indebtedness of .Cities, Toes and Municipal I 23 Corporations for Municf al Improvements, P. and Regulating the Ac.qui.si- '' z4 Nano Construction or Completion thereof," which became a l'w p'eb® 25 rusty 25th, 19019 and of the laws of the State of Calif o 'rnia, and ; zs ordinances of said city bearing have been fully complied 27 with so as to authorize the issue of said bonds, and of each and al a' 28 of said bonds; E 29 NOW - THMEF RE, the Board of Trustees of the City of Hunt- 0 u , -- 30 igton Beach do ordain as follows: f 31 f , Section 14 That bonds of the City of Huntington Beach in the 32 8 vm of Thirty-five �hou�snd Sollars ( 35 fl 000 0 00) be -issue " d in accor 4 r f w ;a 1 cQ with the provisions of ..the act of the Legislature of the State 2 of California, entitled "An Act Authorizing the Incurring of Indebt _ . 3 odness by Cities, Towns and Municipal Corporations for Municipal 4 Improvements and Regulating the Acquisition, Construction or Come-'' 5 plotion thereof," which became- a , law on. February 25th, 1901s, and - i , 6 with the laws of the State, of California, 'and the ordinance of the , 7 itsaid city bearing thereon, for the purpose of acquiring,- cons truct­6 ; s and completing a sewer. system in said c t - y,: said bonds shall be I 9 ' thirty-five in numf)Br; that they shell be. designated "Suer Bonds ®f the City of Huntington Beach-4_0 la fa-rnia'" and &all bo issued 11 in the following denominations ons to t�i -- -f 4 \t p Thirty-five bonds of the 2 denomination of One Thousand Dollars ( 1,000.100) each4 anal' the - i `a -gincApal and interest thereof shall be payable in gold coin of the - , . - ; united States; all bonds shah, be serial in character numbered eo.n- i socuti©ely from one (1) to thirty-five (35) inclusive ; that they call b© datod Uarch ,%, 1914, and bear interest at the rate of - 17 I fives and ono-ha,lf per cent. (5 1/21) per annum, payable semis 13 annually on the 41-r-" day of September and: the� day. of March- 19 of each yoar; ono of said bonds shall be made payable each and _ - zo evovy ycaz� on the f44rat da of March of .each y year after the date - 21 cnd year of Choir issue, at the office of the City Treasurer of - 1 zz said City,) together with interest on ill sums unpaid at said date,, 23 p - , until all of said bonds have been paid°. Said thirty-five (35) j 24 bonds shall be subs t anti al-l-y -"in the foll,pwing form, to- wit: 25 c ©o-000, oaoaoaooaaR4 r li z^ -- "United States of America— State of California, City of 27 mtington Beach,, - -- - I 23ill"W-0 BONDS OF THE CITY OF HUNT INGTON BRACHO CALIFORNIA" r 29 a "W00.00" 30 — y "Huntington. Beach, Cal. , March 1914,11, 3I32 '� a i "On the day of A. Da (Foar of maturity) the City of Hunt i ton Beach Cali forma; will - i J 17o k ' I a od - 1 pay the bearer,. at the office of the City Treasurer in- said City (i w z Rawof Iiunti ton,. Beach the sun of One Thousand Dollars ($1,000000) .ter Or 3 with interost 'thereon at the rate of five and one-half per cent. a - 4 (5 1 f21) per. anniam, payable semi-annually' on the -�. day of - 5 September and the � day of March of each year, at the office NowI �; f 6 of the -City Treasurer, upon the presentation and surrender of the 7 interest coupons hereto attached; principal and interest payable f 8 ingold coin of the United States. NNW 9 .I'This bond is issued in pursuanco of the provisions of the iD - -- ------ -- "' << 10 het of the Legislature of the State of Cal-ifornia, which became -a 11 I law1obruary 25th, 1901, authorizing the incurring of indebtedness �! 12 by cities for municipal improveiY�entsp vowof � n - Yv �- it is further certified that. all the requirements of .law and lg of the -ordinances of the the City of Huntington Beach, have been fully XM •"� I I %'. 15 OoTnli.ed ,with by the ro er offficers .in the issuing of this bond p D WON 16 that this issue of bonds has been authorized b a vote of 'more war 17 f.htan two-thirds of the duly`,qualified electors of said City voting on the question of such issue at a special election duly and reg- - - - -- 19 ularly called and held in •said �-ity 'n the 30th day of December, ' - 20 11.9139 and that the total' amount of this issue, thgether with all ' 21 other indebtedness of said city, does no t exceed the limit ,prescrib- Sam . I i 22WAM ed by the , constitution and laws of the State of ualifornia 1 23 'iIN WITNESS WI° :ROF, the said City of Huntington Beach, by Nowr - 24 its Board of Trustees, has given this bond to be signed by the >'F 25 President of its Board of Trusteo .as executive of said mauniciswim WAX . 26 pality, and also by its Treasurer thereof, and countersigned by 27 the City Clerk thereof, and the corporate seal of the City of won I - -- 28 Huntington Beach to be hereunto affixed, and the attached coupons aimI_ 29 to be signers by the Treasurer of the City of Hi ntington Beach this '. ;I -- -- 30 day of March, A. Do 19140:f� 31 32 rITFOsiden, a t e card of Trustees NowC - of, the •Cityy. of HuntinVon Beach, i IV t _ x°c` ;asur r of t o Oity o California, man , - - Huntington Beach, California.". -4a I 3, r«,m 2 3 Voit Clerk and ex-o ficio clerk �+ of The Board of Trustees of the City of Huntington Beach, 4 California," - 5 ' - - - -� That coupons shall be attached to each. of said thirty—five (35) bonds for the i nterest. accruing thereon,, and said coupons ;- 7 ► shall be substantially in the following form, to wi.,t 8 Q427 a 50 - 9 4°On the Est day of (month of maturity) ., D. (year of maturity) thC, City of Huntington Beach prom- i ises to pay to the bearer, 'a t .� a.f fice of ,the City Treasurer of 12 the City of Huntington Beach, the;tsun of $27.50 in gold coin of --- --- 13 tho united States, the semi-annual Ainterest fte on Suer Bond of 14 the City of Huntington Beach * California , No. (number of 15 bong to vhich coupon is atAachedo ) - - 18 -Y9 reasurer of the City o Huntington Beach , California;" 1' 19 �r Section 20 TWaV the Prd e6 ent of the Board of Trustees and -- - 20 ) ' Treasurer of said c�.ty rare hereby,authorized .and directed to sign_. r-- -- zl all of said bonds and. the City Clerk of .said city:. to. count°ersigi - -- 22 ( k i' � o the same, and said bonds shall die delivered by said City Clerk to � 23 said City Treasurer in such amounts -as the Board: of Trustees of .sa , 24 cit,y may from time to time deteriino and said City- Treasurer is 25 hereby authorized and directed to___,,sim all of the. interest coupons ' 26 - - of said- bonds as aforesaid by his lithographed, or- engraved or_. 27 - — --r printed signature428 9 ' Section 3. That the proceeds.of -the sale- of 'said Sewer Bonds r 29 of the City of Huntington Beach, Californ.ia; shall be placed 'in the - { 30 treasury of said ci ty to the credit of a fund to be known as the ; I I 31 "Sevier Fund," and shall .be applied exclusively to the purpose and � 32 object in this ordinance , to wit: The purpose. of acquiring-, con- - -- � I . . _ x_. u e � I 1 structing and completing a sewer system in the streets, .allgys, '� `- ------.. 2 I aVQnt Gs ane )ublie places of sail.j. city. I i k-- ---- - - 3 Bection 4. That for the purpose of sect °ing and provide E ----- 4 9 for .-tie payment of the principal and interest of the said Seeger aE i I - Bond9 of the City of i?untirton Beach, California, there is .�. - ° by created a fund to be known as "Sinking Fund for the Payment -- - - Sewer Bonds and Interest of the City of Huntington Beach, Calif- 8 r+ which shall from time to tide be ornia, That all the money 9 shall be and' is- hereby r set apart exclusively f ed in said fund 3 ```---------- 10 , the purpose of meting all sums eomi' due for principal and i-- q I1 11 terest on all of the aforesaid bands which may be issued end®� - — 12 - ' , proceedings hereinbefore recited. That for the purpose of pa ,�.; 1 h! - --- -_, la i the principal andinterest of said bonds the Board of Trustees ®e 14 P'• ral tax levy anti h, ---- said city shall at the g tiin,e of fixing the ne � 15 such ®metal tan levy provided, levy and collect �. '• - ---- _ - 'the manner, for g ^ annaa y each gear until such bonda are paid, or until there fi2n.— 17 - __-- - - be a sum in the .treasury of said city set apart for that purpos, _ -- . 18 suffi.ci.ent to me.et all slims , coming due for priheipl and interest --- - -- 19 on such bonds, a tax sufficient to pay the anneal interest on I ; 20 - -- ' bonds, and also, such part of the principal thereof as shall bcc ..� --- 21 due before the time for fixing the next general tax levy. Said a 22 " -- - tag shall be in addition to all oth6r,Aaxes levied for n,unicipc.71 23 Purposes, and shall be collected at trtie same time and in the sou_ 24 ----- manner. ;as other Liunicipal taxes are collected, and. forthwith as �' — --- 25 collected, shall be turned- over to and paid into said Q°Sinking 26 Fund," and be used f or no other purpose than the payment of said F — ---- 27 Bonds and accruing intere sto 28," -- --- Section 5. That the proposed indebtedness of Thirty-five 29 — Thousand Dollars ($35,440�o0) for said sewer system, and evideno.b �. —-- --- - — -- 30 —� by said bonds in the aggregate sum of $35,000,,00 in addition to cu� w I— 31 ' other indebtedness .already incurred by said City for municipal `�- --------- xceed fifteen per improvements not the aggregate e (15f�) � I 1 li ,1 n4gXy . I r� 1 cent. of the assessed. valuation. of the real and person 11 t al property 2 of the City T of Huntington Beach,. 3 Secti on 60 - The City Clerk is hereby instructed ; I . 4 for sale, a1l of said Sewer to advertise 1 er Bonds of the C' 1ty of Huntington Beach, 5 and to require a certified check' of five (5 U per cents --- - - 6 amount of the bid from M � � P of the f , each poraon presenting a sealed bid: for 7 purchase of said bonc}a according to the notice to be ,-hereafter -- - 8 published offering said bonds for sale, "The Board of. Trustees is - 9 hereby authoriz.od to ; 611 all of said bends or a part �. p t of .paid bonds _ 1 10 in the said series, - �and it may still S d bonds in allotments o - -- , r j I 11 I may reserve a part of ;paid )ponds for .future* s - said . - ---- - ale as s.�azd . Board may 12 determine in sn-.d notice; to be .hereaftep given b s ------ y o a Clerk of - - — -- i 13 said City of Huntington te'Ach. � 14 15 Section 7. The Clerk of ' the Vit. � on Beach Shall y of Huntington -- { certify to the passage and adoption' of this ordinance acid shall ! I, I 16 cause the same to be published once in one regular ia 17 ,,ue of the -- - -- - - -- - Huntin ten Beach News, a weeklynewspaper - 18 published` a�3d, printed in - the said City of Huntington Beach, and upon such ublica - - - 1 19 0n and the expiration of thirty daps thereafter -the same shall take ,eff6 + 1{ zo and be in force. 21 T r 22 23 Prbsiden of th oard o- Trustees of the City of Hu�iting on reach, 24 _ P ° Calif ornia o _ - - 25 C3. O 'er and ex- icio C er � - ---_ o fhe Board of Tr stoss of the j I 26 CitY of Huniington Beac&i. --- Ca lif ornia o _ 27 EA � i - --- - 1 28 _ -- - -- - ------- -------- ------- I � r i I I I i f P e i STATE UF•:CAT IFORRIAj t I, 2 CI�NTY OFCi.I`3Gr, 3 CITE" OF H UNT INGTON I33R CH. , CI moo ! - 5 I, C.. ". I'. FRING, City Clerk and. ex-officio clerk of the Beard of Trustees of the City of Huntington Beach, do hereby 7 certify that the foregoing ordinance was read to the Board of Sam 1, 8 trustees of the City of Huntington Beach on the day of 9 January , 1914, and that the sime was passed and adopted atown j; �I_ 10 Q meeting of said. Board held moo pI 11 on t� a481T of , 1914, by the follomng vote. I I ff 12 i - Ono 13 11 ayes: Trustees , 11 IN w 1 a 1;1 14 15 Noes: , Trustees '/'cy 4 16 own - - 17 Abs nt ' ,Trustees W-" 18 19 ' F 1 Cit Clerk-and lbfficio clerk 21 of he Board ofustees of the . 22 City of. Huntington Beach, - - - S ` ' A ) .""Californian 23 I City Clerlc• and F,x-Officio Clerk, of the,I ARMS Daard of City Trustees of the C.t y of!l ur,,tin 'turn ; Grurh, hereby certify that - --. the fAregoing is a true and correct copy of an O.rdi,00nnce of the City of Hunt- ~ - $nItort B&wh-, numbered ,ajzd entitled �2�slow GZ OWNS , k ! + - ------ - --- -''--_ — ---and .that the s m�e /W, p?ablish;ed in,the A"`nti,n,9ton Beach—New, ct �' aveeklyra2zvspeT, 7r of-f�ZGl2tl7� ton n.the' la o, 791, i aam i __—-- -- -,-- _--- -- _ _Cyty Clerk a X-Offlcio C,erk of the f, -- �oeiryt Qf Cittt Trustees of the Cit o f H`ant%n�; f I, ,l ' It it - -- -- - - - 1 ,1 y