HomeMy WebLinkAboutOrdinance #238 I '
ORDINANCE NO. oC
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AN ORDINANCE OF THE CI`l'Y OF HUNTINGTON BEACH, CALIFORNIA,
PROVIDING FOR THE ISSUING OF BONDS OF THE CITY OF HUNTING-
TON BEACH, AUTHORIZED AT A SPECIAL iffLUITICIP.AL ELECTION H1,LD
IN SAID CITY OF HUNTINGTON BEACH, ON FRIDAY, THE 24TH DAY
OF FEBRUARY, 1922, FOR TIM PURPOSE OF THE ACgUISITION, �
CONSTRUCTION AND COMPLETION BY SAID CITY, OF A PUBLI13 AS- I
SEMBLY .AITD C OIIIENT I ON HALL.
WHEREAS, the Board of Trustees of the said City of
Huntington Beach, at a regular meeting of the said Board, held
on the 19th day of Decehuber, 1921, by a vote of more than two-
thirds of all its members, duly passed a resolution determining
that the public interest and necessity deivand the acquisition,
construction and completion by said City of Huntington Beach of
a certain municipal improvement, to -wit :
t The acquisition, construction.: and, completion of a
public assembly and convention hall, including; all furniture and
fixtures necessary and convenient for the use thereof.
,1111EREAS, said resolution was approved by the President of
the Board of Trustees of said City of Huntington Beach and attested
by the City Clerk and e x-officio Clerk of the Board of Trustees of
said City, on said 19th day of December, 1921, and �
WHEREAS, the said Board of Trustees did thereafter at
a subsequent meeting of said Board, held on the day of 1,
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January, 1922, by: a vote of More thpa'i two -thirds of all its mem-
bers duly pass and adopt an Ordinance of said City, calling a
j special election to be held in said City of Huntington Beach,
California, to be '_Held on the .24th day_ of- February , 1922, for the
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object and purpose of submitting to the qualified voters of said
I, City, the follo'aing proposition for the purposes set forth in said
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i Ordinance, to vit:
Shall the City of Huntington Beach, California, incur a
bonded debt in the sum of '�25,000. 00 for the object and purpose of
the acquisition, construction and completion of a puble assembly and.
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i convention hall, including all furniture and fixtures necessary and
convenient for the use thereof.
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WHEREAS, said Special blunicipal -lection was held in
said City of Huntington Beach, on the 24th day of February, 1922,
as provided in said ordinance calling the same, and by laver for
holding Municipal Elections in said C .-Ay end said proposition of
incurring a bonded indebtedness hereinbefore mentioned -and having
received the favorable vote of more than two-thirds of the votes
of the voters voting at said Special Municipal Election, and
WHEREAS, All eemd singular, the provisions of an Act of
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the Legislature of the State of California, entitled, " An Act
authorizing; Cities, Towns and Iv�unicipal Corporations to establish
and maintain public assembly or convention hall, and to incur in-
debtedness for such improvements, "which Act became a law March 25,
1903 , and all Acts amendatory thereto and the lav:rs of the State of
California, governing Cities of the sixth class and all ordinances
of said City of Huntington Beach have been fully commplied with so
as to authorize the issue of said bonds, NO4fil TIM:1aR1alRE,
THE BOARD OF TRUSTEES OF TIM' CITY OF HUNTINC1'ON BEACH .IjO
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OFDIAIiy AS FOLLO7,.VS:
SECTION 1. That Bonds of the said City of Huntington
Beach, California, in the sum of $25, 000. 00 be issued in accordance
with the provisions 6 the Act of the Legislature of the State of
California, entitled: "An Act authorizing Cities, Towns and iIunici
pal Corporations to establish said maintain public assembly or con-
vention halls, and to incur indebtedness for such imp ovements", i
which Act became a law March 25, 1903, and all Acts amendatory there-
to and the lags of the State of California, governing Cities of the
sixth class and all ordinance of said City of Huntington Beach have
been fully ,complied with so as to authorize the issue of' said bonds
and in accordance ivith t��epro'vision of an Act of the Legislature of
the State of California, entitled" An Act Authorizing the Incurring
of Indebtedness by Citites, Towns and Ilunicipa2 Co'rporat_ions for
11unicipal Improvements and regulating the Acquisition, Construction
and Completion tlnxereof'; which Act became a lew, :February 25, 1901', and
the Acts Amendatory t.Teto , and the lews of the State of California, .:
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governing Citites o i- the sixth class, and all ordinance of said
City of Huntington beach have been fully complied with so as to author-
ize the issue of said Bonds.
SECTION 2. That said Bonds shall be 'LWenty (20) in
number; . that they shall be designated as "Huntii�^ton Beach Public
Hall Bonds, 192211 and shall be numbered consecutively from One (1 )
to Twenty ( 20) both inclusive; that said Bonds shall be issued in
the, denomination of Twelve. hundred and Fifty Dollars ( $1,-250. 00)
ieach; that the principal and interest thereof shall be payable in
lawful m-ney of the United States; that said onds shall be dated the
lst day of May, 1922, and bear interest at the rate of Six per cent
.(60) per annum, payable semi-annually on the lst day of November
and. the lst day of May, of each and every year, beginning on the
lst day of November, 1922, until the full amount of principal and
interest shall have been paid; that the princi-pal and interest of
said 'fonds shall be -payable at the office of the City Treasurer of
the City of Huntington Beach, Cal ifo rnia, in the following manner,.
to«it;
Said Twenty �onds, numbered One ( 1) to Twenty ( 20) both
inclusive, shall be Payable as follm.,,s ;
Bond Number 1 on May 1, 1923
Bond Number 2 on May 1, 1924
Bond Number 3 on I1ay 1, 1925
Bond Number 4 on May 1, 1926
Bond Number 5 on IJay 1, 1927
Bond ITumber 6 on I,Lay 1, 1928
Bond Number 7 on May 1, 1929
Bond Number 8 on May 1, 1930
Bond Number 9 on May 1, 1931
Bond Number 10 on May 1, 1932
Bond Number 11 on Lofay 1, 1933
Bond Number12 on May 1, 1934
Bond Number13 on May 1, 1935
Bond Numb er14 on Iiiay 1, 1936
Bond Number 15 on May 1, 1937
Bond Numb er16 on May 1, 1938
Bond Numb er 17 on May 1, 1939
Bond Number 18 on May 1, 1940
Bond IlTumber19 on May 1, 1941 `
Bond Number 20 on May 1, 1942
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and said Bonds, shall be substantially in the follovringt-orm,
to-,wit :-
No
UNITED STATES OF AMERICA
STATE OF CALIFORNIA,
CITY OF HUNT ING T ON BEACH.
HUNTINGTON BEACH PUBLIC HALL BONDS, 1922,
Interest Beginning Nove-mber 1, 1922 Payable May 1, -1922.
Huntington Beach, California,
May 1, 1922.
On the 1st day of May, A. D. (year of maturity)
the City of Huntington Beach, California, will pay to the .bearer at
the office of the City Treasurer of said City of Huntington Beach,
in the City of Huntington Beach, California, the swig of Twelve -
hun dre d and Fifty Dollars ($1, 250. 00) w ith int erebt thereon at the
rate of Six per cent ( 6%) per annum, payable semi-annually on the
lst day of November and the lst day of May of each year, beginning
November lst , 1922, at the office of the City Treasurer of said
City of Huntington Beach, in the City of Huntington Beach, California,
upon the presentation and surrender of the interest coupons . hereto
attached. Principal and interest payable in lawful money of the
United States. This Bond is issued in pursuance of the provisions of
an Act of the Legislature of the State of California,. which became �
a law, February 25, 1901, and all amendments thereto, -authorizing
the inaurring of indebtedness by Citi#as for Municipal Improvements,
and an Act authorizing Citi6a, Tokvns and Municipal corporations and
maintain Public Assembly or Convention Halls and to incur indebtedness
in such improvements , which became a law March 25, 1903, and amend-
atory thereto.
It is further certified that all requirements of the
Constitution and Laws of the State of California and all Ordinances
of said City of Huntington Beach, have been fully complied_ with by
the proper officers in the issuing of this Bond; that this issue
of Bonds bias been authorized by a vote of more than two-thirds of
the duly qualified voters of said City, voting. at. a Special Municipal
Election, held in the said City on the 24th day of February, 1922,
and that the total amount of .this issue , together-with all other in-
debtedness of said City, does not exceed the limit prescribed by the
Consitution and Laws of the State of California. That before or at
the time of incurring the. indebtedness evidenced hereby, provision
has been made for the collection of an annual tax sufficient to pay
the' interest of such indebtedness,' as it falls due,: and @also a pro-
vision to constitute a sinking fund for the payment* of the principal
thereof, on or before maturity.
IN V!ITITESS .Irli'C+REOF, the City of Huntington Beach has
caused this Bond to be signed by the Executive of said Ifunicipality,
to-knit : The President of the Board of Trustees of said City, and
also by the Treasurer of the said City and to be countersigned by the -
Clerk of said City and the corporate seal of said City to be affixed
thereto ,and the said City has also caused the coupons thereto attached
to be numbered consecutively and signed by the Treasurer of said City
of Huntington Beach. i
President of the Board of Trustees, /
of the City of Huntington Beach,
California.
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Treasurer of the City of Huntington
BeacbLj Gal i fo rnia.
COUNTERSIMNED:
City Clerk of the City of Huntington
Beach, California.
(Seal of the City of Huntington
Beach, California-)
SECTION 3• That intere ,t coupons hall he attached
to each of said Twenty Bonds, representing each installment of
interest accruing on said Bonds up to the Maturity thereof, which
said coupons shall be substantially in the follovii.ng i'orm, • to-.sit :
No.
(amount)
On the 1st day of = 19 (date installment of
interest is duo) the City of runtington Beach, California, promises
to 'tray to the bearer at the of Vice of the City Treasurer of the City
of :Aunt in gtctn, Beach, in the said City of Huntington Beach, C ai ifo rn i a,
the sum. off' jamount (f interest) , in lawful money of
the United states, for semi-annual interest due on "Huntington Beach
Public Hall Bond;' , 1922, No. '' (Number of Bond to which
coupon is attached).
Treasurer of the City ofHuntington
Beach, California.
SECTION 3. That the President of the Board of Trustees
of said City of Huntington Beach and the Treasurer of said City of
Huntington Aeach, are hereby authorized and directed to sign all of
said Bonds and the City Clerk is hereby authorized and directed to
countersign and to affix the corporAte seal of said Citir to all of
said Twenty "Huntington Beach Public Hall Bonds, 192211, and the City
Treasurer of said City is hereby aut -!or.ized and directed, to sign the
interest cou-oons on said Bonds and said Bonds shall be delivered by
said City Clerk t'o said City Treasurer in such amount as the Beard
of Trustees of said City may from time to time deterLnAne, and said
City Treasurer is hereby authorized and directed to sign all the
interest coupons by his lighographi.c of engraved signature.
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SECTIOli 4. That the proceeds of the sale of said
"Huntington Beach Public Hall Bonds, 192211, shall be placed in
the treasury of sq id City to the credit. of a fund -to be known as
the ."PUBLIC HALL TUND" , and shall be applied exclusively to the
purpose and object mentioned in this Ordinance.
SECTION 5. Th,.t for the purpose of securing and pro-
vidir.g for the Principal and Interest of said' "Huntington Beach
Public Hall Bonds 192211 , there is hereby created a fund of said
City, to be known pus - "Public Hall .Bonds, 1922, Interest and Sink-
ing fund.". That all money which shall from time to time be placed
i4aid fund shall be and is hereby set apart exclusively for the
purpose of meeting all sums coming due for principal and interest
of all of said "Huntington Beach Public Hall Bonds, 192211, which
may be issued under the proceedings hereinbefore recited. That
for the purpose of paying the Principal, and Interest of said Bonds,
the ;Board of Trustees of said City shall at the time of fixing the
General Tax Levy and in the manner for such General Tax Levy, collect
annually each year until said Bonds are paid, to tax sufficient to
pay the annual interest and the part of' the Principal of such Bonds
that shall become due before the time of fixing the next General
Tax Levy and is not at the time of fixing tuch annual Tax Levy
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otherwise provided for by funds then in the Treasury and set apart
for that purpose. Said Tax shall be in addition to all other 'taxes
r levied for I-Junicipal purposes and shall be collected at the same
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time and in the same manner as other Municipal Taxes are collected
and shall be used for nol— other paying' g purpose than the b in of said �
Bonds and accrued interest.
SECTION 6. The City .Clerk shall certify to the passage
and adoption of this Ordinance and shall cause the same to be
published by one insertion in the Huntington Beach Few s,. a weekly
newspaper of general circulation, printed and published in said
City of Huntington Beach, and hereby designated for thatplirpose.
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This Ordinance Shall take effect and be in force from
and after the passage thereof.
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THE rORIMOING ORDIINU CE was passeacand adopted at a
regular adjourned meeting of the Board of Trustees of said City
of Iuntington Beach, held on the ! O day of 1922,
by the following vote, tow! t :
AYES, Trustees b
�t u�h,t�t9
NOES
ABSENT, --�----
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1'r id f the Board o T ustees
cf the. Cit of Hunt ingt n each,
Calif.o rn ia.
ATTEST :
City Clc—,-k ••end Ex=offie , Clerk of
the , Bo;,rd of Trust.esof the City
of HU.nt ingto�ch, California.
State of California, }
County of Orasige , } ss.
City of Huntington Beach. )
I, CHAS� R. ITT , City Clerk and Ex-off icdo Clerk of
the Board of Trustees of . the City of Huntington Beach, do hereby
certify that the foregoing Ordinance No. V Y was introduced
and read to the Board of Trustees of -the said ity at its regular
meeting , held on the day of - 221
1922, and
was again re d to said Bo and of T ustees at its regul c-s meeting
of the day of _ 1922, and was �t said meet-
ing gassed and adopted by the following vote ;
AYES, Trustees
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NOES,
ABSENT
City Clerk an Tx-offic erk
of the Board of ees of the
City ofnx-i igton ;each, Calif.