ORDINANCE 118ORDINAT CE NO. 118
AN ORDINANCE OF THE CITY OF EL SEGUNDO,
CALIFORNIA, FIXING TAE RATE OF INTEREST
UPON CERTAIN BONDS OF SAID CITY, IN THE
SUM OF THREE HUNDRED SEVENTY -FIVE THOUSAND
DOLLARS ($375,000.00) FOR THE ACQUISITION,
CONSTRUCTION AND COMPLETION BY SAID CITY,
OF A CERTAIN MUNICIPAL IMPROVEMENT, TO -WIT:
A MUNICIPAL SEWER SYSTEM FOR THE COLLECTION,
.._ CARRYING OFF AND DISPOSAL OF SEWAGE IN AND
AWAY FROM SAID CITY OF EL SEGUNDO, CONSISTING '
OF THE ACQUISITION, CONSTRUCTION AND COMPLETION
BY SAID CITY, OF MAIN TRUNK LINE SEWERS AND
MAIN INTRW19BTING SEWERS, AND CONSISTING OF
THE ACQUISITION, CONSTRUCTION OR COMPLETION
OF AN OUTFALL SEWER LINE OR LINES AND DISPOSAL tia
PLANT OR PLANTS , OR THE RIGHT TO USE SUCH
OUTFALL SEWER LINES AND DISPOSAL PLANT; AND
INCLUDING THE ACQUISITION, CONSTRUCTION AND
COMPLETION OF ALL NECESSARY LANDS, RIGHTS-OF-
WAY, EASEMENTS , PIPE, MACHINERY, APPARATUS
AND EQUIPMENT NECESSARY FOR THE C JtPLETION OF
SUCH bUNIC IPAL SYSTEM, AS THE SAME ARE PROVIDED
FOR IN ORDINANCE NO. 116 OF SAID CITY OF EL SEGUNDO#
WHEREAS, the Board of Trustees of the City of
t'
El Segundo, California, at a regular meeting of said Board
held on the 15th day of May, A. D., 1925, by a vote of more
than two thirds of its members, duly passed and adopted
<'
Ordinance No. 116 , of said City, which said ordinance is
r.
` entitled:
N
"AN ORDINANCE OF THE CITY OF EL SEGUNDO,
'1 CALIFORNIA, PROVIDING FOR THE ISSUANCE OF BONDS
'_
OF SAID CITY IN THE SUM OF $3759000.00 FOR THE
ACQUISITION, CONSTRUCTION AND COMPLETION BY
w:
SAID CITY OF A CERTAIN MUNICIPAL IMPROVEMENT,
TO MIT: A MUNICIPAL SEWER SYSTEM FOR THE
F
SW
1*a l
r
COLLECTION, CARRYING -OFF AND DISPOSAL OF
SEWAGE IN AND AWAY FROM SAID CITY OF
EL SEGUNDO, CONSISTING OF THE ACQUISITION,
CONSTRUCTION AND COMPLETION BY SAID CITY
OF MAIN TRUNK LINE SEWERS AND MAIN INTER-
CEPTING SEVJERS AIM CONSISTING OF THE AC-
QUISITION, CONSTRUCTION OR CCHPLETION OF
AN OUTFALL SEWER LINE OR LINES AMID DIS-
POSAL PLANT OR PLANTS, OR THE RIGHT TO
USE SUCH OUTFALL SEWER LINES AND DISPOSAL
PLANTS, AND INCLUDING THE ACQUISITION,
C ONSTRUCTION AND C011PLETION OF ALL NECES-
SARY LANDS, RIGHTS -OF -WAY, EASEMENTS, PIPE,
MACHINERY, APPARATUS AND EQUIPMENT NECES-
SARY FOR THE COMPLETION OF SUCH MUNICIPAL
SEWER SYSTEM ", -
AND, WHEREAS, said Ordinance No. 116 provides
for the issuance of certain municipal bonds for the purposes
recited in said Ordinance , but does not definately fix
the amount of the interest to be paid thereon,
NOW, THEREFORE, the Board of Trustees of the City
of E1 Segundo , California, do ordain, as follows:
SECTION 1. That the bonds of said City of E1 Segundo,
California, to be issued as provided in Ordinance No. 116
of said City, and otherwise known and designated as "Sewer
Bonds, Election 1925" shall bear interest at the rate of
._ five percent (5% ) per annum, payable semi - annually
on the sec and day of January and the second day of July of
+ every year, and in all other respects said bonds shall be
the same in form and effect as provided for by said Ordinance
No. 116 of said City of El Segundo.
SECTION 2. The City Clerk shall certify to the
passage and adoption of this ordinance and shall cause the
same to be published by one insertion in The E1 Segundo Herald,
a weekly newspaper of general circulation , printed, published
and circulated in the City of E1 Segundo , and hereby designs -
i ted for that purpose, and the same shall thereupon take
effect and be in full force and effect.
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 14th day of
AJULUS t -A. D., 1925.
ATTEST:
President of e Board of Trusteof
�_ _� of the City of El Segundo , CalifoA