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R E S O L U T I O N
No r'
A RESOLUTION OF THE BOARD OF TRUSTEES OF
THE CITY OF HUNTINGTON BEACH,CALIFORNIA,
PROVIDING FOR THE ISIUANCE OF STREET INPR-
OVEMENT BONDS FOR THE RORK OF IMPROVEMENT
OF HrNTINGTON AVENUE IN SAID CITY FROM
THE NORTHERLY LINE OF DETROIT STREET TO
THE SOUTHERLY LINE OF LINCOLN STREET A®
PROVIDED FOR IN RESOLUTION OF INTENTION
NU'lm' ER3 568, PASSED AND ADOPTED ON THE
3rd DAY OF JANUARY,1927; PRESCRIBING THE
DENOMINATION OF SAID BONDS AND OF THE
INTEREST COUPONS ATTACHED THERETO; AND
DIRECTING DELIVERY THEREOF.
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AMEREAS the Board of Trustees of the City of HuritinE.ton Beach
Ca-lifornia., did on the 7xd day of January,1927os.ss its Resolution
of Intention No 568 for the improvement of Huntington Avenue
from the PtiortherlY line of Detroit Street to the southerly line
of Lincoln Street,within the said Cite, under and pursuant to
the provisions of t-he lq,:; rovement Act of 1011, and Amendments
thereto, reference to which Resolution of Intention (which is now
on file in the office of the City Clerk of said City and open to
public inspection) is hereby expressly made for further particulars;
AND 'viMEREAS thereafter all necessary relolutions,notices and
other proceedings of said Board irTere duly and reLralarly adopted
and taken in said _natter; the contrect for said work or iaiprove—
nient was duly awprded and thereafter duly ro pleted. to the
satisfaction of the Superintendent of Streets of said City and
of this Board,whereupon a warrant,dia.gra�n and assessment were
made,recorued and delivered to , the contractor in tirae,form and
manner as r. eauired by said Act; and the contractor having made
due return thereon.nn.c_ the sPine hevin�: been duly recorded.
ATM KHEREAS on the 24th day of �ay,1 27, the Street
Superintendent of said City xa.de and filed with the Clerk of
this Board a complete list of all the as essments unpaid
thereunder showing the respect ve assessment or diagram numbers
of such ur_pald assescments,the lots or parcels of land described
in each of such respective assessments,and the respective amounts
of each such unpaid as.essments; said list also showing the total
or aggregate amount of such unpaid assessments to be the sum of
Four Thousand One Hundred Siptty Six and 67/100 ( 4,166.67) Dollars
whereupon the Clerk gave notice of the filing said list,and
fixed in said notice Yonday June the 6th,1927,at the hoar of
'4.00 O 'clock Pik of said day ati the kjaax time _when interested
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persone =niE:1-t appear before the Board of Trustees in the Council
Chamber of the City Hcll of said City,and show cause i4 any why
bonds shoald not be issued, upon thy: sac•4x.xity of the unpaid
assess>:.ents shown on said list, sN,id time being st a regular
meeting of said Board held on said date, and no protests or
objections !:avim been fflade in the said metter,and there
therefore being no such protests or obja.ctiona to pass upon;
and assess-ments 12,1'Z I"� 23,�0,31,32, 7,34,37��3,44,45,46,57..58,
59,70,71,72,102,103,104,112,116,117,11�,,11.0,120,121,122,12-r)
145,146,147,Z4 ,14 ,150,151,152,153,16a ,165,1�0,141,102,13,10,11,
r:4 105,r01,202,207,204,20 ,212,213,214,and 215 in the
a.ggregete amount of 'One Thousand Four Hundred Thirty Seven a,na
60/1'?0 ($1,437.60) Dollars, ha,vinr7 been ,aid after the filing
of sr id. unpaid a ss esment list,and prior to the said he' ring
on the 6th day of June,1J27.
AND ti'MU1,AS, said hour has now arrived:
AND 'iA.HEREAS, the total or a.ggre>-ate amount of said assessments
still, unpaid is the sur, of Two Thousand Seven Hundred Twenty
ine and. 7/100 (,**2,720.07) Dollars,.00
and 7t is so found to be by
this Board;
NOW,THEREFORE,in consideration of the foregoing premises, the
Board of Trustees of the City of Huntington Bea.ch,Celifornia.,
do further resolve,declare,deterinine and order as follows:
SECTION 1. That bonds shall be is:F,ued upon the security of
the s ,.id unpaid assessments to said a,nount of Two Thousand Seven
?hundred Twenty Hine and. 7/101) ( 2,72a.07) Dollars in accordance
ri.th the ;provisions of said Improvement Act of lgll and
amendments thereto,and of that certain Act of the Legislature of
the State of California commonly known,designated and referred to
as the "Improvement Bond Act of 1915" and amendments thereto,and
under and pursuant to the resolutions,nvtices and proceedings of
this Boa.rd,dia.ly adopted and. taken in said matter, that said Bonds
shall be called Improvement Bonds, shall be ten (10) in nu
mber
(2)
shall be dated June 6th,1927, and bear interest at the rate of
seven per cent per annum,and that the denomination of said Bonds
and the interest coupons required to be attached thereto,with
their respective numbers and gates of ma.turity,are as follows:
SERIES BOND Y BER AMOUNT DATE OF MATURITY
V 1 $272.90 July 2,1928
V 2 $272.90 July 2,1929
V 3 $272.90 July 2,1930
V "272.90 July 2,1931
V 5 $272.90 July 2,1932
V 6 $272.90 July 2,1933
V 7 $272.90 July 2,1934
V 8 $272.90 July 2,1935
V 9 $272.;0 July 20936
V 10 $272.97 July 2,1937
The first coujon of interest upon each of said bonds shall be
for interest from the 24th dray of May,1927,to the 2nd day of
Janua.ry,1928, and the several coupons thereafter shall be for the
semiannual interest upon said bonds.
SECTION II . That said Bonds shall be issued in series, and
the assessments remaining unpaid at date hereof,as hereinabove
d„: termined by said Board of Trustees (City Council) of said City,
together with interest thereon,shall remain and constitute a trust
fund for the redemption and payment of said bonds and of the
interest which may be due thereon,which unpaid assessments shall
be payable in annual series corresponding in number to the number
of series of bonds, and such proportion of each assessment coming
due in any yeex,together with the annual interest thereon,shall in
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turn be payable in installments as the general municipal taxes of
the said City of Huntington Beach on real property are pa_ya.ble,and
shall become delinquent at the same times and in the same
• nroportlonate amounts,and bear the sale proportionate penalties
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after delinquency.
That said bonds shall be signed by the Tresurer of said City
of Huntington Be.cch,a.nd countersigned by the City Clerk thereof,
who shall affix thereto the official sePil of said City; that the
interest coupons affixed thereto shall be signed by the Treasurer
of said Cit T,or bear his engraved or litho�ra.phed signature; and
the
that said_ bonds shall be substantially in/form set forth in said
"Improvement Bond Act of 191511 .
Interest coupons attached to each of said Bonds and evidencing
the interest to accrue thereon shall be numbered consecutively,
and shall be substantially in the following form,to-wit;
` ____ _Huntington Beach,California, the sum
of __ dollars,is payable to ' bearer,.a.t ,the office
of the City Treasurer __._._ , out of
Irap_-ove.rent Bond Fund,aexies -,for semi-annual interest
on Street Improvement Bond No
City, Treasurer
SECTION III. That the City Clerk of said City be and he is
hereby authorized and directed to deliver forthwith the bonds
hereinbefore enumerated to %IUNICIPAL BO17D C01TANY of Los
Angeles,assignees of the Contractor John R Davle$in full
satisfaction of the balance due upon his assessment and warrant.
SECTION IV. That the City Clerk of said City shall certify
to the passage and adoption of this Resolution shall cause the
sane to be entered. in the book of Resolutions of said City,and
shall mare minute of the adoption thereof in the records of
the Brood. of Trustees (City* Council) of said City in the
ninutes of the meeting at which the same is 'passed and adopted.
Passed end adopted this 6th d of ;he,
19
President of the Board of Trustees
of the Citi' of Fluntin,^ton Bench.
Cit-: Cle k
State of California
County of Orange, ss
City of H ntington Beach
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I, C R Furr, City Clerk and ex-officio Clerk of the
Board of Trustees of the City* of Huntington Beach,Ca,l.ifornia,do
hereby certify that the whole number of members of the Boa±d
of Trustees of the said City is five; that the foregoing
resolution, being Resolution No. ^5'-Y,,e was passed and adppted
by the said Board of Trustees,approved and signed by the
President of said Board,and attested by the City Clerk of said
City,a.11 at a. regular meeting of the said Board held on the
6th day of June,1927, and that the same was so passed and
adopted by the followinE, vote:
AYES Trustees _ q��.�!—✓La-
Noes Trustees- 5
ABSEIT Trustees
City Clerk a ex-off icio Clerk of
the Board of Trustees of the ;ity
of Huntington Berch,Ca.lifornia.