HomeMy WebLinkAboutCity Council - 801 Y rr � • • . Iy�•r1b
RE aOU71ON NO s 0
A FMSOLI7TIOlq OF TIM CITY CO IL OF
THE CITY OF MWXNGTON SUCH CALF•
2 NIA DECLARING ITS i nuffoi Ttl
3ELL 1,400 000 OF BONDS DESIGNATED
AS 1#01TY N HMI 'ION BE&CH WJ? -
CIFAL PAU AND FIAYGROUND BOXV3s, 1038 0"
WIMP* it v" provided by Ordinuw* NO. 41P
of this City of Huntington Beach* passed and adopted on
the lfth day of May,, 1938, that bonds of said city should
be issuod in the sun of D100#000 for the acquisitionp
construction# and completion by said eity of a certain
mmicipal Ir4provement# to wit# the aogu,isitimi# oonstruc«
tion# and c osVletfon of a public, park and pleMomyl.
w1thin said city& too;other with such equAip=nt and appur-
tenanGes as =y be necessary or convenient to t m use
thereof; and
i m*,3, it is doomed advisable that said city
sell and dispose of said bonds in the principal amount
of ;100*000 f
NOW* MULIWORB* TIM C11X COMICIL OF THE CITY
Te ;T-1 1� 01Y Bic cU.* cA=LIF-01(1¢3A0 IVOES =3 Lis AS M. LLOWSs
Section I* lit It is the into ion of tha
City Council of Ube City of 1-U t ngton Boaah to issue
and sell City of :runtlnCton Beach '.Itun .oipal Park and
P layeround Ronde* 1338,E in the principal amount of
400*0000 at public, dale, on Jugs 6, 196£s, at the how
of 8;to Waloak, F• l•s, and that bUx shall bs called
for# with instruction* for 6:�u bidder� F
the ra o '�l
of Interest# rust exceediM per c um,
payable telly for the first year 17
thereafter, at Which it proposes to purohase Braid bonds.
Section 2, TYaat the City Clerk of the City
of I1untington Beach be and he is bereby directed to ad-
vertise for t1s sale of :„1000000 of My of "funtington
Deaah 11unialpal park and PlayMourad Bonds# 1,333, by oaus-
IM a notice inviting saaW proposals to be publish*d
twice in the Huntlggton .ash No ws# a weekly newspaper
of general circulation printed, VabUshad# arA olrous.
lated in *aid City of lAntington Beach# prior to the
date for receiving bins: That said notice W-All be
substantially in the following forms
"DaTICE MITING SEALED PROPOSAZ,S,
FOR Tim PURCIIASE OF U00 000 OF
isms OF Tm CITE' OF HMxr Ion
#CITY OF HMITXR5;811 BEACH M I-
CIFAL FXTUK AVD PLAYOROMD DONDS O
2930*1
Sealed proposals will be "0*1ved by the
undersigned City Clark of the City of 11unting.
tan Deache Ca=ornia# at the ofiias of said
City Clark, In th* City Hall of the City of
Huntington Beach# C alifoyrnla, until the hour
of WOO o'clock, ;P. 14*& on the 6th day of June,
19W# for the, purchase of the following bonds a
2,►
00#0 priwipal amount of bonds
of the city of Mwtlngton Begah, Call-
forn3.a, desigmted t City of MmUng.ton
Beach Mwdalpal Park and Playground Bonds v
1930•# Said bonds shall be IW in num-
bar# of the denomination of 1#000 each,
dated Jww 15# 10368, and maturing In
nua o r'iftl order, C10*000 pr1wipal amount
e ' t'ran June 15# 19390 to ZuDe 15#
IMP iMIUsivs s Said bonds shall tear
CQe..m-V °"
intereet at a rate wt ex oodIng~
per aef ) per onn mt# pa.7ablo anm%-
a137 for the first your and semiarmually
thft4aftft*# which "I1 after be
fixed by the City Commil of said alty,
a bidders a" "questod to state the
Interest rate an which the 'bid Is =do*
Each bid must be on the basis of a sinelo
lnte" st rats upn all said bonds# mid
no bit on the basis of a split Interest
rate wf ll be considered*
Said '.soar are issued pursuant to an Act
entitled $An Act autbwIsIM the IncurriM of
Snd+ebtednoss by cities# towns emd m miaipal
aorporatio s for Mvdea3pal lvwovewnts Mid
r*culating the acquisitionp oonstruotion or
oomple tion thereof of ihich became a law psbru..
ark' 280 1901„ axe acts amendatory t rsof axed
suppiementa:7 thft erto, amd in piwa nas of the
3.
taws and Constitution of the :state of Call-P
fornia " the Charter of they City of Hutttiq;-
ton Beaah o
Said oity will Parrish to the sueoessful
bidderr# without cost to it,, the opinion of
ear's« oe elveny# t uller & Mee# Los Angeles#
C elilUnda* approving the validity of said
bonds*
:Aah proposal must be awamponisd by a
certified aliook drown upon sow reoponeible
bank In the ','tat* of Callfacrniav and payable
to the City T'roasureer of the City of F.unting
ton ftaoho I= the sum of tbr*e per eent (3%)
of tho prinolpal amount of the bands bid upon,
as a guarantee that the biddear will VWeb&M
and pay for said breads in aooardame with his
Proposal in the event that simh bid is ao-
coptod
Wo bid will be oonsid+ered for a q pwtlon
less than the whole of said, bonds* City
Couwll of the City of '-hmtington Beaob room
serves the right to re j*ot any and all b$41s e
a850340d valuation of the tw ablee
property of said city for the 7ear 1€ 37-1938
upon wr-Leh 80A bonds are a lien is the ®sit
of �.�, The total azwuut Of of r
t►anded. Sndelbtedn+eas ' lAch is a lien on sold
pc'opearty is the aura of �4,19440500* T1* ostl-,
4•
noted pop nation of Bald oft f` Is 4#000*
BY 0ADFq Or- SAID CITY GOUINClz 4$` THE
C• R i MM#
City ','lark of the City of
H ington Beadh# WifoxlAssw
Section 3* T1* City Clerk shoal oortify to
the passtalp and adoption of tbis revolution by the vote
of a. z a jo rity of the members of the City Gouncil of the
City of` Hurtimton Beach*
PASSED ANT, AMP ML by the City Coorvi1 of the
City of Huntl ton 3eaohp Califs laa b7 a% of a
majority of Its menbera at a dc ea►et
of sold City Coumil held an the lath day of fir, 193S*
N.M.NcCallen
07 frx -.-TT7o
-�eaela�, Ca3.i'ft�nia.
ATTLTST s
C.R.Furr
Y 6111FC or this Zatyy O
lfuntirA&4n Beadho California.
�M
V -
MATE OF =voiNNIA
COLIC OF BIRAIME SS•
CITY OF R ►MITINOTOV SI:"AM
I* C* R o FUWR# the duly e2sated# gualifieds
and eating City Clerk of the City of Z=tlngWn Boaoh
and eao►oflIcio Clerk of the City COUM11 of said City
of Huntington Beach& do bereby certify tb&t the rdols
number of roars of V* City Coursail of the City of
P rttiMton Beach is fivel that the foregoing rasol},*.
tion was passed &rA adopted by the affUvrative vote,
of a majority of the rates of said City Commil at
ned
a Begin nr. ad 1mrr.P*$tiM of the City Co it bald on
the 19th day of 24ay# 1933 j by tbe following votes t
A"X I COUMIUMn Mor_ehouae• Chamness Hearickson,
xNexx McCallen
NOES t Counailrmn 2KItyxl None
��t Ct7kLtip$.Iti�e12 Talbert
C.R. Furr°
(SEAL) 9 ' �
Beach# Cal.ifarniae �
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