CC RESOLUTION 747� RESOLUTION N0. 4_. A RESOLUTION OF THE BOARD OF TRUSTEES OF THE CITY OF BL SEGUNDO, CALIFORNIA, PROVIDING FOR THE ISSUANCE OF STREET IMPROVEMENT BONDS FOR THE WORK OF IIM- PROVEMENT OF CERTAIN PORTIONS OF MAPLE AVZNUE, WITHIN SAID CITY, AS PROVIDED FOR IN RESOLUTION OF INTENTION NO. 61, PASSED AND ADOPTED ON THE 4TH DAY OF , 1923; PRESCRIBING THE DE- NOMINATIONS OF SUCH BONDS AND OF THE INTEREST COUPONS ATTACHED THERETO; AND DIRECTING DELIVERY THEREOF. WHEREAS the Board of Trustees of the City of E1 Segundo, California, did on the 4th day of September, 1923, pass its Resolution of Intention No. 61 for the im- provewnt of certain portions of Maple Avenue, within the said City, under and pursaant to the provisions of the "Improvement Act of 191111, and the amendments thereto, re- ference to which said 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 e$press7y made for further particulars; AND, WHEREAS thereafter all necessary resolutions, notitsea and other proceedings of said Board were duly =A regularly adopted and taken in said matter; the contract for said work or improvement was duly awarded and thereafter duly completed to the satisfaction of the Superintendent of Streets of said City and of this Board; whereupon a warrant, diagram and assessment were made, recorded and delivered to the contractor in time, farm anni mariner as re- quired by said act; and the contractor having made due return thereon, and the same having been duly recorded; 1- AND, 'MEREAS, on the 12th day of July, 1924, the Street Superintendent of said City made and filed with the Clerk of this Board a complete list of all the assessments un aid thereunder, showing the respective assessment or diagram numbers of such unpaid assessments; the lots or parcels of land described in each of such respective assess- ments and the respective amounts of each such unpaid assessment; said list also showing the total or aggregate amount of such unpaid assessments to be the sun of Nine Thousand Four Hundred Eighty Two and 44 /100 Dollars (9,482.44), whereupon said clerk gave notice of the filing of said list, and fixed in said notice Tuesday, the 12th day of August, 1924, at the hour of seven o'clock P. Ia. of said day, as the time when interested persons might appear before the Board of Trustees in the Council Chamber of the City Hall of said City, and show cause wisp bonds should not be issued upon the security of the unpaid assessments shown on said list, said time being at a regular meeting of said Board held on said date; AND, 'NHERE S, said hour has now arrived, and all protests or objections made in the said matter, both oral and written, have been heard by said Board and by said Board overruled and denied; it is hereby determined that the assessments now remaining unpaid under said proceedings, and the aggregate amount of the same are as follows: DIAGRAM AND AMOUNT OF ASSESSMENT UNPAID NUMBER LOT OR PAR CE L OF LAND ASSESSMENT 1 Lot 1, Block 95, E1 Segundo Sheet 3, Maps, Book 20, Pgs 22 -23 1651.13 2 Lot 2, Block 95, El Segundo, Sheet 3, Maps, Book 20, Pgs 22 -23 651.13 3 Lot 3, except N'ly 65 ft. of E'ly 38 ft. Block 95, E1 Segundo, Sheet 3, Maps, Book 20, Pgs 22 -23 466.52 2- 5, 4 Lot 4; Block 95, El Segundo, Sheet 3, Maps, Book 20, Pgs 22 -23 4651.13 5 Lot 5, Block 95, E1 Segundo, Sheet 3, Maps, Book 20, Pgs 22-23 651.13 6 Lot 6, Block 95, El Segundo, Sheet 3, Maps; Book 20, Pge 22 -23 651.13 8 X1.150.82 ft. of the N817 45 ft. Lot 7, Block 95, El Segundo, Sheet 3, Maps, Book 20, Pgs 22 -23 696.05 8* E. 55 ft. of the N']y 45 ft. Lot 7, Block 95, El Segundo, Sheet 3; paps; Book 20, Pgs 22 -23 253.84 9 Lot 8, Block 98, E1 Segundo, Sheet 3, !daps, Book 20; Pge 22 -23 999.89 10 S'ly 49 ft. Lot 9, Block 98, S1 Segundo, Sheet 3, Maps, Book 20, Pgs 22 -23 549.28 17 Lot 10, Block 96, E1 Segundo, Sheet 3, Maps, Book 20, Pgs 22 -23 659.68 18 Lot 11, Block 96, E1 Segundo, Sheet 3, Maps, Book 20, Pgs 22 -23 651.13 19 Lot 12, Block 98, E1 Segundo, Sheet 3, Maps, Book 20, Pgs 22 -23 651.13 20 FP' ly 46.03 ft. of S' ly 140 ft. Lot 13, Block 98, El Segundo, Sheet 3, Maps, Book 20, Pgs 22 -23 222.62 21 W'ly 44 ft. of E'ly 88 ft. of S' ly 1401, Lot 13, Block 98, El Segundo, Sheet 39 Maps, nook 20, Pgs 22 -23 212.76 22 E'ly 44 ft. of S'ly 140 ft. Lot 13, Block 98, El Segundo, Sheet 3, Maps, Book 20, Pgs 22 -23 212.76 23 S' 3,v 45 ft. of N' ly 185 ft. Lot 13, Block 98, E1 Segundo, Sheet 3, Maps, Book 20, Pgs 22 -23 .75 24 S'ly 45 ft. of N'ly 140 ft. Lot 13, Block 98, E1 Segundo, Sheet 3, Maps, Book 20, Pgs 22 -23 .75 3- AMOUNT OF DIAGRAM AND ASSESS- UNPAID MENT NUMBER LOT OR PARCEL OF TAIM ASSESSMENT 25 S'ly 45 ft. of N'ly 95 ft. Lot 13, Block 98, E1 Segundo, Sheet 3, Maps, Book 20, Pgs 22 -23 .75 26 N'ly 50 ft. Lot 13, Block 98, E1 Segundo, Sheet 3, Maps, Book 20, Pgs 22 -23 .75 27 S'ly 50 ft. Lot 14, Block 98, E1 Segundo, Sheet 3, Maps, Book 20, Pgs 22 -23 645.13 28 N1 1y 45 ft. of 311y 95 ft. Lot 14, Bloak 98, E1 Segundo, Sheet 3, Maps, Book 20, Pgs 22 -23 1.00 29 N'ly 45 ft. of S'ly 140 ft. Lot 14, Block 98, El Segundo, Sheet 3, Maps, Book 20, Pgs 22 -23 1.00 33 N'ly 50 ft. Lot 14, Block 98, El Segundo, Sheet 3, Maps, Book 20, Pgs 22 -23 1.00 34 N'ly 65 ft. of E'ly 38 ft. Lot 3, Block 95; E1 Segundo, Sheet 3; Maps, Book 20, Pgs 22 -23 (Exempt) V 94UE,44 And whereas the total or aggregate amount of said assessments so unpaid is the sum of Nine Thousand Four Hundred Eighty Two and 44100 Dollars ($9,482.44), and it is so found to be by this Board; NOW, THEREFORE, in consideration of the foregoing premises, the Board of Trustees of the City of E1 3egund0, California, do resolve, declare, determine and order as follows: SECTION 1: That bonds shall be issued upon the security of the said unpaid assessments to said amount of Nine Thousand Four Hundred Eighty Two ani 44/100 Dollars ($9,482.44), in accordance with the provisions of said 4- Improvement Act of 1911, and amendments thereto, and of that certain act of the legislature of the State of uslifornia commonly mown, designated and referred to as the Impr oven ent Bond Act of 1915, and amendments thereto, and under and pursuant to the resolutions, notices and proceedings of this Board, duly adopted and taken in mid matter; that said bonds shall be called "Improvement Bonds ", shall be twenty (20) in number, shall be dated Aug. 12, 1924, and bear interest at the rate of seven per cent (7/1'o) per annam, and that the denominations of said bonds and the interest coupons required to be attached thereto, with their respective numbers and dates of maturity, are as follows: SERIFS NUMBER DENOMI- AMOUNT OF AMOUNT OF 114TE OF 17.50 NATION FIRST SEUI- ANNUAD IMTUR= 448.24 15.09 INTEREST INTEREST ITY. "C" under Resolu- COUPON COUPON "A" under Resolu- tion of Intention 1 $500.00 tion of Intention 1 $500.00 $16.82 $17.50 July 2,1925 190. 61 2 448.24 15.09 15.69 July 2,1925 "B" under Resolu- tion of Intention 1 $500.00 16.82 17.50 July 2,1926 No. 61 2 448.24 15.09 15.69 July 2;1926 "C" under Resolu- tion of Intention 1 $500.00 16.82 17 50 July 2,1927 No. 61 2 448.24 15.09 15.69 July 2,1927 "D" under Resolu- tion of Intention 1 $500.00 16.82 17.50 July 2,1926 No. 61 2 448.24 15.09 15.69 July 2,1926 "E" under Res 01u- tion of Intention 1 $500.00 16.82 17.50 July 2,1929 No. 61 2 448.24 15.09 15.69 July 291929 "F" under Resolu- tion of Intention 1 $500.00 16.82 17.50 July 2,1930 No. 61 2 448.24 15.09 15.69 July 2,1930 "G" under Resolu- tion of Intention 1 $500.00 16.82 17.50 July 291931 No. 61 2 448.24 15.09 15.69 July 211931 "R" under Resolu- tion of Intention 1 $500.00 16.82 17.50 July 211932 No. 61 2 448.24 15.09 15.69 July 2,1932 "I" under Resolu- tion of Intention 1 $500.00 16.82 17.50 July 2,1933 No. 61 2 448.26 15.09 15.69 July 2,1933 5- SERIis NUMBER MMOMI- AMOUNT OF AMOUNT OF DATE OF NATION FIRST SEMIANNUAL MATURITY INTEREST INTEREST COUPON COUPON "J° under Resole tion of Intention 1 0500.00 $16.82 $17.50 July 2, 1934 No. 61 2 448.26 15.09 15.69 July 2, 1984 SECTION 2. That the said bonds shall be issued in series, and the assessments remaining unpaid at date hereof, as hereinabove determined by this 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 corres- ponding in number to the number of series of bonds, and such proportion of each assessment coming due in any year, to- gether with the annual interest, thereon, shall in tern be payable in instalments as the general municipal taxes of said City of El Segundo on real property are payable, and shall become delingment at the same times and in the same propor- tionate amounts, and bear the same proportionate penalties after delinquency. That said bonds shall be signed by the Treasurer of said City of E1 Segundo; and countersigned by the City Clerk thereof, who shall affix thereto the offl dial seal of said City; that the interest coupons affixed thereto shall be signed by the Treasurer of said City, or bear his engraved or lithographed signature; and that said bonds shall be substantially in the form set forth in said Improvement Bond Act of 1915. The interest coupons attached to each of said bonds and evidencing the interest to accrue thereon shall be num- bered consecutively, and shall be substantially in the following form, to -wit: 4 El Segundo, Cal. The sum of Dollars is payable to bearer at office of the City Treasurer 2nd out of Improvement Bond Fiiff, Series for sem - annual interest on Street Improvement Bond No. City Treasurer, 6- u� SECT IAN 3. That the City Clerk of said City be anmd he is hereby authorized and directed to deliver forthwith the bonds hereinbefore enumerated to Quirk Brothers, assignee of the Contractor; C. 4. Sparks, in full satisfaction of the balance due upon his assessment and warrant. SECTION 4. That the City Clerk of said City stall Certify to the passage and adoption of this reso- lution; shall cause the same to be entered in the Book of Resolutions of said City, and shall malm a minute of the adoption thereof in the records of the Board of Trustees of said City in the minutes of the meeting at which the same is passed and adopted. Passed, approved and adopted this l ... dey of August, A. D., 1424. President of the Board of Trustees of the City of E1 Segundo, California, (SEAL) 7+ STATE OF CALIFORNIA ) COUNTY OF MOS ANGELES ) SS. CITY OF EL SEGUND 0 ) I. VICTOR D. MC CARTHY, City Clerk of the City of El Segvmdo, Califomia, do hereby certify that the whole number of members of the Board of Trustees of the said City is five; that the foregoing resolution, being Resolution No. , was passed art adopted by the said "Board of Trustees, approved and signed by the President of said Board, and attested by the City Clerk of said City, all at a regular meeting of the said Board held on the 12 day of i,L, :.:: , 1924, and that the same was so passed and adopted by the following vote: AYES: TRUSTEES HOES: TRUSTEES ABSENT:TRLETEES uue. ( SEAL ) I