ORDINANCE 92C
r
o
onmul B 10. 98.
as annum or ma cm ai sz umm, WJPMU,
MWIMG PM M ISSUANCE, Of Baba Of Sl1D CM IM
"m an or $200,0W,,00 PCE ?M ACWIS121059 Q c-
ZIOM AIM OMMIOM BY UID CITY Of 1 COMM Mm==-
PBMCIiG JIMC lll?. I]UMdPi 20-fI?: NAM
POB SUPPIZINO UID MY AIIED 123 IMBISlM •In WA's,
ACOMI?IOB OM L Sf BiO388iR? THM Pm*
1 MMUS 9 the Board of lrastees of the city of sl
Segamdo, Califearnia, at a reglar Meeting of said Board held
en the 5th AT of July, 19221, 1W a vote of sore than two -
thirds of its mombers; duly passed and adopted a resolstiean
4etermiaiag that the pablio intersst sad necossity demended
the s ewdeition, sonstroatloaa amid sosplotion 1179 said City of
a certain revenue- prodvaing mmioipal imoravesent, to -wit:
water wefts for swpplying said City sad its iuhabitauts with
crater, isolwding the aeguisitioan of lauds n000ssary therefor;
and
MIRU39 said resolution was approved by tba eaoeon-
tine of said City, to wit: the Presid lUt of the Board of
lsbstoes of said City, can the said 5th day of July, 1922, aed
entered is#s the Book of Besolutlams of said Oity, snd a KIM%*
of the passage moat adoption thereof Cade an the Minutes of the
Meting at cmioh the seas was passed and adopted;
AND wHEM8, an the l9th day of July, 19829 the Board
of Trustees of said city at a regular meeting of said Board 117
a vote of sore than two - thirds of its sasbers, du3y passed smd
adopted sun ordinance calling a speeial eleotian to be held In
said City an Mcaday, the 21st gay of ♦ugatst, 19229 for the pur-
pose of sulumitting to the qualified electors of said City the
proposition of incurring a bonded indoWodaess and issuing bands
Of said city in the seas of #D009000000 for the purpose of the
744
"745
Cacquisition, construction and completion by said City of a
eerta:in revenue- parodue img mmaic ipal Improvement, to-wit;
�, water works for supplying said City and its inhabitants with
water, including the acquisition of lands necessary therefor,
which said ordinance was approPed by the eseoutive of said
City, to-owit: Us President of the Board of Trustees tbare-
of an the said 18th day of July, 19221, and was duU pablishoa
In the 11 SegwAo Herald an this 28th day of Jul? cad the 4th
nary of August, 1928;
11B MMEUS9 said election was held on the said Slot
day of lugost, 1828, sa provided for by said ordinance *&U-
Ing said election aura by law for holding mmiolpal oleetioms
In said City, and the proposition of incurring the bandod debt
hersinbofore mentioned, received more than two - thirds of the
votes of the qualified elootors of said City voting at said
election;
AIM IOMA S, Sill affi singular the p"Visions of the
Act of the Legislature of the State of Caliibraia, entitled,
'an lot authorising the 11t0itr7ring ad Udebtodnoss by cities,
towns, and msnisipal corporations for manicipal 1" rovements
and rsgnlating the acgaisition, o onstruroti on, or o ompletion
t
thereof , " "wfrich became a law lebroary Bath, 1801, and the acts
&mandatory t?areof and suypiemeatary thereto, and the general
laws of the State of California relating to cities of the sixth
class and the laws and ordinances of the City of 31 Segundo
have been f%31y complied with so as to nbkorise the issuing
of said bonds;
AIM SAS, the pablio interest and necessity demand
that provision shoald be made for the isnuenoe of said bands so
j that the snare msy be sold in ssah saowits and at such time as
the Board of Trustees of said City wr hereafter dote2ulns;
BOW, TAE, the Board of Trustees of the bity of
Il SegwAo do ordain an follows:
C MOTION 1. That bonds of the said Oity of Bl Begando
In the sum of $2009000.00 be issued in accordance witIr tau pro-
visions of fiat certain ,et of the LegislatWo of the /tats of
SM _
*_ 46
California, entitled "An Aot authorising the Iancurrisg of
Inlebtedness by Cities, Toms, and Awl 1pal Corpamtions
for Nwisipal Maravesiants sad resouting the Aognisition,
Construction, or Caampletion thereof," whioh beesase a law
Tebruary 25th, 1901, and all acts or parts of sots, auto" -
tery thereof or suppleau story thereto, and in asoordanoe with
the laws of the state of California and the ordiaanoes say&
learn of the said City of El iegnndo, for the purpose of so-
rairing, constructing and eosrpleting a certain rereMe -pro-
iu+aiag noxielpal improTemont, to -wit: water works for sunlyisg
said My and its inhobitaats with water, iaciud Ong the segui-
sition of lands seoessary therefor.
That sash bonds andll be 200 in maber; shall be
iaignated, "Utter Works Sandal, sLotioan 1928 "; shall be isewed
In the deaiominatLou of $1000.00 each; and the prinolpal aul
Interest thereof shall be payable in lawful money of the United
States of lmeries; that they sba11 be date& the fad W of
January, 1923, an& bear interest at the rate of sot to sweet
6 per oentum per ammm, payable semi.- maally an the 2nd dy of
January sad 2nd "y of July of 9"ry year. Said bonds shill be
aobere& from 1 to 200, both inelnaive, sad shall be payable in
the following saaner:
Beams musber 10 29 3, 4, b, 6 an Jazaary 2nd, 1928
Bonds somber 7, 8, 9, 14, 310 32, an Ja=ary 2s&, 1929
Bonds xu ber 33, 249 35l, 36 , 171, 28 an Jaaosry fpd , 1934
Bands z=ibor 190 209 219 229 25, 24 an Jaaaua37 fad, 1901
Bends mm6sr 85, 26, 279 28, 29, 30 an Jasuas7 6d1, 1952
Bemis u siber $1, 32, 35, 34, lib, 36 on January grid, 19"
Bonds xam6er 37, 38, 39, 40, 419 42 on Jaiizary Sad, 1954
Bawds m aber 45, 44, 45, 46, 47, 48 eaa J6atu617 2trd, 1916
Boards =n ber 49, 500 519 58, 53, 54 an 9assas7 ftl, 1956
Bonds nwaber 55, 569 57, 58, 59, 60 an JOasuaxy 2dd, 1957
Boards x milber 61, 629 65, 64, 66, 66 an Jonvary ftdL, 1958
1
t
Bonds xmiber
67,
689
69,
70,
71,
TE
on Janoary
End,
3.959
Bonds nm&er
75,
7 *1,
76,
76,
77,
78
on January
W.
1960
Bonds z=ber
79,
80;
81,
8E,
83,
84
on January
Sad,
3.M
Bents or
86,
86,
8R,
88,
89,
90
on Jassary
Bad,
194tt
Bonds a=6*r
91,
9E9
96,
969
959
%
on joaxwW
8nd9
1963
BowAs
mayor
9T, 98, 999100,101,108
on January End,
l9K
Banda
number
M,106, 206,106, 3M, 308
on
Jsswary
bA
US
Bawds
number
109,110,11]„ 118, 3.jS, 3.14
an
January
and
1946
Bonds
zm6or
215,116,1,1T, US, 3.19, 10
on
Jaawary
End
1947'
Bonds
number
321,IUo2 S, 1", 125, 226
on
January
!ad
5948
Bonds
x tuber
121, 228, 3.29, 380,131, 322
on
January
2nd
1949
Bond s
number
353 ,184, 385 9 336, 357 ,188
an
J.aaary
fad
1960
Bands
number
329 ,140, 211,1&2, 3A3q 2 4
on
January
fad
1961
Donne
nu&er
146 ,146,127,168, 346, 350
an
January
ft&
195E
Bonds
zo&or
161,1520 355,154, 386, 356
an
Jastitary
fad
Bands
number
257,1581,259,260,261,262
an
Jam a ry
fad
1954
747
Beals nw dwr
366, 364,166, 366, ILT ,1068
an Jamusay
Eod
1966 -
Bam" number
369,170,171,178,178,174
an Jawoassy
Sad
3,956
Bonds number 175,176,177,178 lV9,180 on Jsnmwq Bad 1967
Bonds nwm6er 1 ®1,182,186,184,186,3.86 an January tad 1968
Bands n0ber :.84,188,189,190,191,192 on January 2nd 1909
Bonds number 193,194,196,196,197,198 an Jaaeuary fid 1960
Bands :ember 199, and $00
on Jon
And aid bonds sbsll be ambstantlally
Sag torn, to -4it:
No*
MFI'19ID BTA235 OF AIMMICI
QIff of Im Im==
wf►'!!2R wE'i�[S BOSD, ZMCTIQH 1922.
4-
i
•
IM saguno, GUMOHSU,
Jaasaly Ea�d, 1985.
an the second day of Ja1Rl WY (year of maturity) the
City of 31 Sogoado will M to the bearer at the office of ttlo
-- Oity fr-- a or ii the City of El Segaamdo, in the City of ti
Segaaodc, State of California, the son of (denomination of bond)
Dollars with interest thereaa at the rate of
Poll soot per Sun=, payable on the sseend day of
JtaT ama Us second AW of JeavuT, of each year; at the office
of the City Treasurer of the City of El Begonde, in sl Sog"o,
State of Califazola, Capon the presentation Ma sarrander of the
Interest coupons hereto attaehed, principal and interest panbls
In lari'sl money of the vsitea States of amerioa.
----~ Phis bound is issued L in paa:s�aaaeVice of the provisions
of an 4st of Ohs Lsgislataro of rho State of CalifwMA WAItlea
w" Lot anuwisiag the curacitag of Inaebtedaess 1W Qities,
gown sofa ibanisipal Cox7oratioms for ]Eanicipal As, aaa&
Dogulating the Aogsisitioat, 04ontrsetion or Coaaplotioat fheseoV9,
Nish bsosme a law tebrwwy 56, 1901, and of all Lets, at Sorts
of Lets Mandatory thereof or s tbeersto.
It In ftirther certified that all retairearents of the
Censtitation and Laws of the State of Cali:ftraia and of all orai-
asttoes of the said City of 21 Segundo, here boom f%14 coapliod
with by the proper officers in the issuing of this beast; that
this issue of beards has been satheariaed by Us vote of two-thirds
at the dta2► quali,fisd elsetoars of said City voting an the Westion
i
at soak issore at a special election duly wA regalar3,y oalled said
hell in said City an the Blot day of tagtest, 1981, sad that flhe
total amovM of this issue, together with all other iniebtedness
of said City, Dees not wweed the knit paresoribed by the Con -
stittut iaat aamd lairs of the State of 06112=4a; that beforo or
at the Sias of iasurring the indebteduoss evitemaed hereby, pro-
vision has been nude for the oollection of as annual tax saffisist
b
r 749
to psdr the interest an BWM indebtedness as it falls anar snot
a3so provision to ooanstitu o a siaiin •f�l for the pews ant
of the prino ipal thereof oar or before aatwIty0
I8 tMMS =MW, the said City of 31 3egamio
U& oatsei this bond to be signed 1W the ommentive of $3w said
UWdoipality, to -sft: !Ir PrOWAG S of tbo Soard of frUA*668
of said Oity, =1 also by the Sressaver of said City, sad to
I* oovntowpod by the Clam of said City, snna the oorporato
seal of said City to be ]rroto affixed aul the said City has
also osaaed the oonpoans hoveto attached to W =Mbered eonse-
olsive],y Sand signed by the ?reasmrer of said City of Ei 3egaate.
Pres""S at the 3o&A of. Srtrs-
two of the City of sl Sogande,
Caaitomia.
.) • � . r r - 4w � w • � - - w
2z Ilan or of tba City of =l
see=&*, Califorxia.
Comtersigs t Iw
M A - r • - r A - • " - IM - w
City Clark of the City of pl
3e6=1e9 Caiiliriis.
Shat interest
oio4poss OLU bo
.attached to
each of
said bouts representIM each
instal2no" of
interest to
Seers*
an said bonis ap to the aatority thereof, vdd0h said interest
**VMS dL&U be MbstMUS] in the feuo.sag fomt toawrit:
Nog 09...00....
on the seooni day of (month of aatnrity) A. D.
(year of aatority) the
city
of 21 3egoado,
California, promises,
to paq to Us bearer,
at the
office of law
lresovser of tbo City
6-
of 31 Seg=AO* in saib City of 81 soguado, State of Califo=ia,
At sum Of (M m unt of interest) Doll.ars, in lawful aaa W of tlW
$sited States of AWrica, the 10e0ki -aM1061 ialorrst ds an Water
WWks Baud, Blection 1822, io, (saber of bend to which coupoa
Is attached).
40..-- --40 - -4M 4M 40 -40 40 40
Treasurer of the city of =1
segmAgo, Cali :b mia.
JBCTICK 2. ?bat the Prosilent of the Board of
2rusteos of said City and the Treasurer of the said City are
hereby avkhorisod and directed to stgti all of said bonds,. &A
Me City Clork of said City is bsreby sLi torised sad directed
to ooamctersiga said hoods sad to *:M z the oerporste aeal of
said City thereto, and the Treaswer of said City is beroly
authorised and diroeled to *IV WAs interest eospoms of said
bents and said bawds shall U delivered, by saiA oily Clark to
Us seta City Treasurer in sash arowto as the Board of Trustees
of said City may Eros tims to tIm determine; and said dity
sroasurer is hereby exthoriaoa and directed to alga all the
interest ooupens of salt bonds by his lithographed or a®,graTed
slgaatwow
UNION S. That the proceeds of the sale of sail
c
750
bonds shell be placed in the treasury of said City to the eTedit
of a 2" to be hoetoM as "cater Wort Bands, ZleotI OR ,1822,PMA R v
and shalll be applied oza3vaiTG2Y to the pdxpose IMMUoaed iY this
OrdlMnso, teftwit; to the purpose of the sequisitien, 000nstrvs�
tiou and, eMlotion by salA city of a aertain roTeme- produeias
�ioipsl iaroTeaant, to -wit: Water Works for sulrplyiug said
city and its inlabitents wish water, Inaluaiug the acquissiliaav<
of ]cads necessary therefor.
7-
751
390f ION 4. Tbat for the p= oso of seeming and
prodding for the papmut or the principal ant interest of said
beands, %here is hereby oreatea a fund to be known as mater lofts
bonds, Elsotion 19281, Interest and Sinking Turd "; that all the
mmoy which, from time to time, shall be pled In said f=1
shall be cad i s hereby so�mpsrt 4=1molvely fox the purpose of
meting all sums oozing due for principal and interest can all
the aforesaid bounds which mW be issued under the prose6dings
hereimbefore recited. That for the narpose of poring the prim
tipel and interest of said boade, the Board of srvatees of said
City oball; at the tins of firing the general taut 1sry9 and Is
Mw maser for such general taut levy pro riled, lsvy aaat oolheot
amsmally each year =tit assh bonds are paid, or wtil there
Mall be a sum in the Treasury of said City set apart for t m$
purpose a tam sufficient to per the interest an soah bond ins
debtedness as it falls dawn, and also to ceanstitate a siagkin9
tend Jb r the popmnt of the principal thereof on or before mater•
ity. Said tam shall be in addition to all other tacos* laried fee
9maisipal purposes, and *bull be solUcted at the 88,90 time am
La the sane canner as other m misipal tares are solleoted, and
fortbslbh, ss collected, shall be turned o'er to and peril into
said "hater Worts Bounds, =leotion 1922, Interest coot Sink X Para"
end be used for no Other purpose than the vt of sail boards
cued sussing interest.
SURION 6. The City 01.wk oball certify to the
passage and adoption of this Ordiname ani d4a11 eayse the sale
to tie publisbed by are insertion In the _El Segundo Herald
a we ekly newspaper printed, pRubsisls.d MA
eiroalstei is said City, call therfmpon MA tbsreafter the cafe ,
stall. be in full force and effsot.
Passed and adepted by the Board of Srvstees Of said
City of ll SegmAaq Cali:ft=3Ja, and approved by the Presideit et
said Board of Trustees this 27th day of Jh"h, l.h 1925.
President of the Board of TrusteM.
8-
Y
a
cil
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