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HomeMy WebLinkAboutCity Council - 384 i a ; 6 f RESOLUTION NO. 384 'WHEREAS, Pursuant to statute, notice of filing list of unpaid assessments, was duly given in the manner required by law, that the warrant, re-assessment and dia- gram, recorded on the llth day of July, 1922, for the work and improvement made by Steele Finley under that certain contract awarded to him on the 3rd day of October, 1921, on portions of Second Street, Third Street, Lake Avenue and Alleys in Blocks 104, 203 and 204, Huntington Beach Tract, and that said warrant, re-assessment and diagram were returned to the Street Superintendent of the City of Huntington Beach, California., and that the return was re- corded by him in his office on the 22nd day :of July, 1922; and after the full e xpira.tion of thirty (30) days from the date of recording s?id r•arrant the said Street Superintend- ent duly made and filed with the City Clerk of the said City of Huntington Beach, a, complete list of all assessments unpaid upon the said re-assessment, which list is now on file in said City Clerk' s office, the total aggregate there- of being the sum of $36034.01 and assessments aggregating 191.64 havingsince been paid, there remains now unpaid the sum of $35842.37.. • Reference is hereby made to Resolution of Intention No. 365 of the City of Huntington Beach, passed on the 1st day of August, 1921, for a complete description of the work therein mentioned, and WHEREAS, Interested persons were notified in the manner required by law, to appear before the Board of Trustees of the City of Huntington Beach, California, in the Council Chamber of the City Hall; at the hour of eight otclock P. M. of Tuesday, the fifth day of September, 1922, and show cause why bonds should not be issued upon the security of the un- paid assessments shown on said Street Superintendent's list- and WHEREAS, Notice was duly given, in the manner re- quired by law, that serial bonds to represent unpaid assess- ments, and bear interest at the rate of seven per cent (74) per annum, will be issued hereunder in the manner provided by the Improvement Bond Act of 1915, the last installment of which bonds shall mature nine (9) years from the 2nd day of July next succeeding nine (9) months from their date, and All interested persons having appeared before this Board of Trustees and having been given full opportunity to show cause why bonds should not be issued upon the security of the unpaid assessments shown on said list and all object- ions presented having been heard now, BE IT RESOLVED, That this Board of Trustees does hereby find and determine that no cause has been shown why 2. bonds should not be issued upon the security of said unpaid assessments and does hereby overrule all objections thereto and does hereby direct the issuance of said bonds, and further IT IS RESOLVER as follows: That bonds shall be issued upon the security of the said unpaid assessments to said amount of $35842. 37. The said bonds shall be fifty (50) in number, shall be dated September 5, 1922, and bear interest at the rate of seven per cent (710) per annum, and the denominations of said bonds and the dates of the respective maturities thereof shall be as follows: Bond No. Amount Date of Maturity 1 $1000.00 July 2, 1923 2 1000.00 July 2, 1923 3 1000.00 July 2, 1923 4 292.11 July 22, 1923 5 292.10 July 2, 1923 6 1000.00 July 2, 1924 7 1000.00 July 2, 1924 8 1000.00 July 2, 1924 9 292.12 July 2, 1924 10 292.12 July 22 1924 11 1000.00 July 22 1925 12 1000.00 July 2, 1925 13 1000.00 July 2, 1925 14 292.12 July 2, 1925 15 292.12 July 2, 1925 16 1000.00 July 21 1926 17 1000.00 July 2, 1926 18 1000.00 July 22 1926 19 292.12 July 21 1926 20 292.12 July 2, 1926 21 1000.00 July 2, 1927 22 1000.00 July 2, 1927 23 1000.00 July 2, 1927 24 292.12 July 2, 1927 25 292.12 July 2, 1927 - 3. Bond No. Amount Date of Maturity 26 $1000.00 July 2, 1928 27 1000.00 July 2, 1928 28 1000.00 July 2, 1928 29 292.12 July 2, 1928 30 292.12 July 2, 1928 31 1000.00 July 2, 1929 32 1000.00 July 2, 1929 33 1000.00 July 2, 1929 34 292.12 July 2, 1929 35 292.12 July 2, 1929 36 1000.00 July 2, 1930 37 1000.00 July 2, 1930 38 1000.00 July 2, 1930 39 292.12 July 2, 1930 40 292.12 July 2, 1930 41 1000.00 July 2, 1931 42 1000.00 July 2, 1931 43 1000.00 July 2, 1931 44 292.12 July 2, 1931 45 292.12 July 2, 1931 46 1000.00 July 2, 1932 t 47 1000.00 July 2, 1932 48 1000.00 July 2, 1932 49 292.12 July 2, 1932 50 292.12 July 2, 1932 The first coupon of interest shall be for interest from August 16, 1922 to January 2, 1923, and the several cou- pons thereafter shall each be for the semi-annual interest . BE IT FURTHER RESOLVED, That the signature of the treasurer upon the coupons attached to said bonds shall be a lithographed signature in place of a signature by hand, and BE IT FURTHER RESOLVED, That sealed proposals for the purchase of said bonds will be received up to 7:30 o 'clock P. 1 . on September 25, 1922, whereupon said bonds will be sold to the highest bidder therefor, but for not less than par and accrued interest. The City Clerk is hereby directed to advertise for bids therefor by publication once a week for 4. • two lreeks in the Huntington Beach News, a weekly newspaper of general . eirculation published and circulated in the City of Huntington Beach, there being no daily or semi-weekly newspaper published in that City. I hereby certify that the foregoing Resolution was duly and regularly passed by the Board of Trustees of the City of Huntington Beach at s regular meeting of said Board held on the 5th day of September, 1922, by the follow- ing vote: AYES: Onson, Obarr, Andrews, Drew NOBS: None ABSENT: Macklin Richard Drew President of the Board of Trust- ees of the City of Huntington Beach, California ATTEST: W. R. aright City Clerk of the City of Huntington Beach, Calif. 5. i