ORDINANCE 94. Y
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ORDINANCE N0. 94
---- AN ORDINANCE OF THE CITY OF EL
SEGUNDO, CALIFORNIA, AMENDING ORDINANCE
N0. 92, OF SAID CITY, ENTITLED: "AN
ORDINANCE OF THE CITY OF EL SEGUNDO,
CALIFORNIA, PROVIDING FOR THE ISSUANCE
OF BONDS OF SAID CITY IN THE SUM OF
$200,000.00 FOR THE ACQUISITION, CON-
STRUCTION AND COMPLETION BY SAID CITY
OF A CERTAIN REVENUE PRODUCING MUNICIPAL
IMPROVEMENT, TO WIT: WATER WORKS FOR
SUPPLYING SAID CITY AND ITS INHABITANTS
WITH WATER, INCLUDING THE ACQUISITION
OF LANDS NECESSARY THEREFOR.", PASSED
AND ADOPTED ON THE 27TH DAY OF MARCH,
1923, BY AMENDING SECTION 1 THEREOF;
DECLARING SAID ORDINANCE TO BE AN
EMERGENCY MEASURE AFFECTING THE PUBLIC
PFACE, HEALTH AND SAFETY OF SAID CITY,
—( AND THAT THEREFORE THE SA34E SEALL GO
! INTO EFFECT IMMEDIATELY UPON THE FINAL
PASSAGE AND ADOPTION THEREOF.
The Board of Trustees of the City of El Segundo
do ordain as follows:
SECTION 1. That Section 1 of Ordinance No.92
of the City of El Segundo, California, entitled: "AS ORDI-
NANCE OF THE CITY OF EL SEGUNDO, CALIFORNIA,-PROVIDING FOR
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THE ISSUANCE OF BONDS OF SAID CITY IN THE SUM OF $2000000.00
FOR THE ACQUISITION, CONSTRUCTION AND COMPLETION BY SAID
CITY OF A CERTAIN REVENUE PRODUCING MUNICIPAL IMPROVEMENT,
1 1
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758
TO WIT: WATER WORKS FOR SUPPLYING SAID CITY AND ITS
INHABITANTS WITH WATER, INCLUDING THE ACQUISITION OF
LANDS NECESSARY THEREFOR.*, passed and adopted on the
27th day of March, 1923, be, and the same is hereby
amended so as to read as follows:
*SECTION 1. That bonds of the said City
of El Segundo in the sum of $200 ,000.00 be
issued in accordance with the provisions of
that certain Act of the Legislature of the
State of California, entitled *An Act author-
izing the Incurring of Indebtedness by Cities,
Toms and Municipal Corporations for Municipal
Imptovements and regulating the Acquisition,
Construction, or Completion thereof,* which
became a law February 25th, 1901, and all
acts or parts of acts amendatory thereof or
supplementary thereto, and in accordance with
the laws of the State of California, and the
ordinances and laws of the said City of El
Segundo, for the purpose of aoquiring, con -
struoting and completing a certain revenue
producing municipal improvement, to wit:
water works for supplying said city and its
inhabitants with water, including the acqui-
sition of lands necessary therefor.
*That such bonds shall be 200 in number;
shall be designated *Water Works Bonds,
Election 1922 *; shall be issued in the denom-
ination of $1000.00 each; and the principal
and interest thereof shall be payable in law-
ful money of the United States of America;
2
that they shall be date,
1923, and bear interest
exceed 6 per oentum per
annually on the 2nd day
of July of every year.
numbered from 1 to 200,
i the 2nd day of January,
at the rate of not to
annum, payable semi -
of January and 2nd day
Said bonds shall be
both inclusive, and
shall be payable in the following manner:
Bonds number 192,3,4,5,697981, on
January 2, 1931;
Bonds number 9,10,11,12,13,14,15,16
on January 2, 1932;
Bonds number 17,18,19,20,21922,23,24
on January 2, 1953;
Bonds number 25,26,27,28,29,30,31,32
on January 2, 1934;
Bonds number 35,34,35,36,37,38,39940
on January E, 1935;
Bonds number 41,42,45,44,45,46,47,48
on January 2, 1936;
Bonds number 49,50,51,52,55,54,55,56
on January 2, 1937;
Bonds number 57.58,59,60,61,62,63,64
on January 2, 1938;
Bonds number 65,66,67,68,69,70,71,7E
on January 2, 1939;
Bonds number 73,74,75,76977,78,79,80
on January 2, 1940
Bonds number 81982,83,84,85,86,87,88
on January 2, 1941;
Bonds number 89,90,91,92,93,94995,96
on January 2, 1942;
Bonds number 97,98,99,1009101,102,103,
104 on January 29 1943;
Ell
`759
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Bonds number 105,106,1079108,1099
110,11,112 on January 2, 1944;
Bonds number 113,114,115,116,117,
11891190120 on January 2, 1945;
Bonds number 121,122,123,124,125,
1260127,128 on January 2, 1946;
Bonds number 129,130,131,132,133,
1349135,136 on January 2, 1947;
Bonds number 137,138,139,140,141,
142,143,144 on January 2, 1948;
Bonds number 14501469147,14801490
1500151,152 on January 2, 1949;
Bonds number 1539154,155,1569157,
1589159,160 on January 2,1950;
Bonds number 161,162,163,164,165,
1669167,168 on January 2, 1951;
Bonds number 169917001710172,1730
174,175,176 on January 2, 1952;
Bonds number 1779178,179,180,181,
182,183,184 on January 2, 1953;,
Bonds number 185918691870188.189,
190,191,192 on January 29 1954;
Bonds number 193,1949195,1960197,
198,199,200 on January 2, 1955;
"And said bonds shall be substantially
in the following form, to -wit:
N0.
UNITED STATES OF AMMICA
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF EL SEGUNDO
2
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"76(
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WATER WORKS BOND, ELECTION 1922.
EL SEGUNDO, CALIFORNIA,
January 2nd, 1923.
On the second day of January (year
of maturity) the City of El Segundo will pay
to the bearer at the office of the City Treas-
urer of the City of El Segundo, in the City of
E1 Segundo, State of California, the sum of
(denomination of bond) Dollars with interest
thereon at the rate of ( )
per cent per annum, payable semi - annually, on
the second day of July and the second day of
January, of each year, at the office of the
City Treasurer of the City of 31 Segundo, in
El Segundo, State of California, upon the pre-
sentation and surrender of the interest coupons
hereto attached. Principal and interest pay-
able in lawful money of the United States of
America.
This bond is issued in pursuance of
the provisions of an Act of the Legislature
of the State of California entitled "An Act
authorizing the Incurring of Indebtedness by
Cities, Towns and Municipal Corporations for
Municipal Improvements, and Regulating the
acquisition, Construction or Completion
Thereof ", which became a law February 259
19019 and of all Acts, or parts of Acts
amendatory thereof or supplementary thereto.
It is further certified that all
requirements of the Constitution and laws of
0
"761
A
the State of California and of all ordinances
Of the said City of BI Segundo, have been
fully complied with by the proper officers in
the issuing of this bond; that this issue
of bonds has been authorized by the vote of
two - thirds of the duly qualified electors
of said City voting on the question of such
issue at a epeoial election duly and regularly
called and held in said City on the 21st day
Of August, 192E, and that the total amount
of this issue, together with all other in-
debtedness of said City, does not exceed the
limit prescribed by the Constitution and laws
of the State of California;* that before or
at the time of incurring the indebtedness ev-
idenoed hereby, provision has been made for
the collection of an annual tax sufficient to
pay the interest on such indebtedness as it
falls due and also provision to constitute a
sinking fund for the payment of the principal
thereof on or before maturity.
IN WITMMS WHMMor, the said City
of S1 Segundo has caused this bond to be
signed by the executive of the said municipal-
ity, to -wit: The President of the Board of
Trustees of said City, and also by the Treas-
urer of said City, and to be oountersigned by
the Clerk of said City, and the corporate
E seal of said City to be hereto affixed and
the said City has also caused the coupons
hereto attached to be numbered consecutively
6
"762
and signed by the Treasurer of said City
of E1 Segundo.
President of the Board of
Trustees of the City of E1-
Segundo, California.
Treasurer of the City of E1-
Segundo, California..
Countersigned by
City Clerk of the City of
El Segundo, California.
That interest coupons shall be
attached to each of said bonds representing
each installment of interest to accrue on said
bonds up to the maturity thereof, which said
interest coupons shall be substantially in the
following form, to-wit:
No.
On the second day of (month of matur-
ity) g. D. (year of maturity) the City of El-
Segundo, California, promises to pay to the
bearer, at the office of the Treasurer of the
City of El Segundo, in said City of El Segundo,
F]
"763
State of California, the Sum of (amount of
interest) Dollars, in lawful money of the United
States of America, the semi- annual.interest due
on Water -Works Bond, Election 1922, No. (numbet
of bond to v&ioh coupon IS attached)*
Treasurer of the City of Sl-
Segundo, California. "
SECTION 2. That thin ordinance is an emergency
measure for the immediate preservation of the public
peace, health and safety of said oity, and the facts
constituting its urgency are as follows:
That said City of 31 Segundo is at the present
time in dire need of an adequate and efficient water die -
tributing system, with v&ioh to furnish the inhabitants
of said city with water for domestic and irrigation use.
That the summer season is approaching and that unless
funds become available at the earliest practicable moment
from the bonds hereinabove referred to, a shortage of
water in the said city may ensue, to the great inconven-
ience of the inhabitants thereof, and the possible injury
to the public peace, health and safety of said city•
Furthermore, said city is at the present time without
adequate means of properly combatting with water, fires
and conflagrations within the said city, and that the
funds from the bonds above referred to are required by
the public interest and necessity of said city, to pro-
vide at the earliest possible moment an adequate supply
of water in mains of ample size, to enable the use,
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at the earliest practicable moment, of the fire fighting
equipment recently contracted for by said oity, which
said equipment necessitates the availability of adequate -
mains and a plentiful supply of water, v&ioh the existing
water distributing system within the said city does not
possess, and without such additional water supply and
increased size of mains, said new equipment would be
valueless.
That therefore, this ordinance shall take
effect immediately upon the final passage and adoption
thereof.
SECTION 3. The City Clerk shall certify to
the passage and adoption of this Ordinance and shall
cause the same to be published once in the 91 Segundo
Herald, a weekly newspaper, printed, published and
circulated in said City.
Passed and adopted by the Board of Trustees
of said City of E1 Segundo, California, and approved
by the President of said Board of Trustees, this 8... h
day of May, A. D. 1923.
Tz
(,"
President of the Boar of Trustees of
the City of E1 Segundo, California•
P,
City Clerk of said City.
( SEAL )
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763
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STATIC OF CALIFORNIA
COUNTY OF LOS ANGELES 33
A
CITY OF EL SZGUXD0
aY
T-0- VICTOR Do XoCARTHY* City Clerk of the said
City of El Segundo, California, and ex-offivio, Clerk of
the Board of Trustees of said City, do hereby certify
that the mhole number of. members of the Board of Trustees
of the City of 31 Segundo in five and that the foregaiM
ordinance was introduced at a regular meeting of said
Board of Trustees hold an the 18t day of May, As Do,
1923, and that the wame was passed and adopted by a vote
of at least four-fifths of its members at a regular
meeting thereof, hold on the 8th day of Msyp 1923* by
the following vote:
AYES: TRUSTEES 73inder, Davis,
ueger and 3ryson,
NOW TRUSTEES None.
ABSENT: TRUST= Smiley,
And that thereafter the said Ordinance was
duly and regularly approved by William Co Bryson, Ares -,
ident of the Board of Trustees of the city of Ill 9egMA00
on the 8 th day of 19230
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ftwo
City Clerk and roffci;�,O Iedof
the Board of Trustees of the City
(SRAL) of 31 Segundo, Oalifornia*
W,
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