ORDINANCE 345ORDINANCE NO. 345
AN ORDINANCE OF THE CITY COUNCIL OF T?I" CITY
OF FL SLGUNDO, CALIFC1-,.7IA, PROVIDIr4G FOI�
THE ISSUAI,,CE OF BOI'DS OF SAID CITY IN T ?Iv
AKOUA OF ',`650,000 FOR THE ACQUISITION ArT.
CONSTRUCTION BY SAID CITY OF A C E 1TAIN
I TICIPAL Ilv'ROV__TE, N,T.
11HEiREAS, pursuant to Ordinance I•io. 342 of the City
of El Segundo, California, a special municipal election i -:as duly
and regularly held in said city on the 11Lth day of December,
1948, at which election there was submitted to the qualified
voters of said city. the following proposition, to t,-it,:
and
"BOYD PROPOSITION: Shall the City of
El Segundo incur a bonded indebtedness in
the principal sum of nine hundred fifty thou-
sand dollars ('950,000) for the acquisition
and construction of a certain municipal im-
provement to wit: additions to and extensions
and improvements of the water vrorks system of
said city, said additions, extensions and im-
provements to consist of the acquisition and
construction of water storage facilities, the
acquisition and construction (including the
reconstruction) of wells, water mains, pipe
lines, pumps and pumping equipment and appur-
tenances, and the construction of all buildings
necessary for the storage and housing of water
works equipment and supplies, including the
acquisition of all land, rights of way, pumps,
equipment, apparatus, pipe, material, works
and property necessary for said improvement ?"
'-d1TE EA S, said proposition received the affirmative
vote and assent of more than two- thirds of all of the qualified
voters of said city voting at said election, and said city is
now authorized to issue bonds in the amount and for the purposes
hereinbef ore specified;
Nad, T=FORE, the City Council of the City of El
Segundo DOES ORDAIN as follows:
Section 1. That bonds of the City of El Segundo
in the principal si= of X650,000 be issued and sold. for the
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purposes set forth in said Bond Proposition in the recitals
hereof. Said bonds shall be designated WATERWORKS BOND, ELECTION 1948,
shall be six hundred fifty (650) in number, numbered 1 to 650 inclusive,
and shall be of the denomination of $1,000 each. Said bonds shall be
dated February 1, 1949, and shall be payable in consecutive numerical
order, $25,000 on February 1 in each of the years 1950 to 1959,
inclusive, and $20,000 on February 1 in each of the years 1960 to 1979,
both inclusive. Said bonds shall constitute and be designated SERIES 1.
Said bonds shall bear interest at a rate, to be hereafter
fixed by resolution, but not to exceed five per cent (5%) per annum,
payable semiannually on the first days of February and August of each
year. Said bonds and the interest thereon shall be payable in lawful
money of the United States of America at the office of the City
Treasurer of the City of E1 Segundo in the City of El Segundo,
California.
Section 2. That the Mayor of the City of E1 Segundo
and the City Treasurer of said city are hereby authorized and directed
to sign all of said bonds, and the City Clerk of said city is hereby
authorized and directed to countersign said bonds and to affix thereto
the corporate seal of said city, and the City Treasurer of said city
is hereby authorized and directed to sign the interest coupons of said
bonds by his printed, lithographed or engraved facsimile signature, and
to number said interest coupons of each of said bonds consecutively.
Section 3. That said bonds and the coupons for the interest
thereof shall be issued in substantially the following form:
No.
UNITED STATES OF AMERICA
STATE OF CALIFORNIA
CITY OF EL SEGUNDO
WATERWORKS BOND
ELECTION 19+8
SERIES 1.
$1,000.00
THE CITY OF EL SEGUNDO, a municipal corporation
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situated in the County of Los Angeles, State of
California, FOR VALUE RECEIVED, hereby acknowledges
its indebtedness and promises to pay the bearer
hereof the sum of ONE THOUSAND DOLLA25 (;.-1,000.00)
on the first day of February, 19_, with interest
thereon. at the rate of per cent ( %)
per annum, payable semi- annually on the first days
of August and February of each and every year from
the date hereof until this bond is paid, on
presentation and surrender of the respective in-
terest coupons hereto attached. Both principal
and interest are payable in lawful money of the
United States of America at the office of the
Treasurer of the City of El Segundo in said City.
This bond is issued by the CITY OF EL SEGUNDO
under and in pursuance of and in conformity -mith
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 thereoftt, which became" a lavr February 25,
1901, and acts amendatory thereof and supplembntary
thereto, and in pursuance of the laws and Constitution
of the State of California, and is authorized by a
vote of more than two - thirds of all the qualified
voters of said City of El Segundo voting at an
election duly and legally called, held and con-
ducted in said City of El Set-,undo on the 14th day
of Dece1 ber, 191 *8.
IT IS HEREBY C ITIFIED, D. CIT D APID DECLA=
that all acts, conditions and things required by law
to exist, happen and be performed precedent to and
in the issuance of this bond have existed, happened
and been performed in due time, form and manner as
required by _later, and that the amount of this bond,
together loth all other indebtedness of said City,
does not exceed any debt limit prescribed by the
laws or Constitution of the State of California.
IT u�ITNESS v+rL 220F, said City of El Segundo has
caused this bond to be dated this first day of
February, 1949, to be signed by the 1:ayor of the
City of Ll Segundo and by the Treasurer of said
City, and countersigned by the City Clerk of said
City and sealed with the corporate seal of said
City, and has caused the interest coupons hereto
attached to be signed by the Treasurer of said City.
CITY OF EL SEGI LO
( SEAL) By
Iayor of the Uity of E1 Segundo
Countersigned:
City Clerk of the City
of El Segundo.
BST
Treasurer of the City of El Segundo
—3—
• is
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(C3UPOPd FOPS,`)
No.
Ail
On the first day of , 19 , the
City of El Segundo, California, will pay to the
bearer at the office of the Treasurer of the City
of El Segundo, in said City, the sum of
dollars (r ), in lawful
money of the United States of America, being the
semiannual interest then due on waterworks Bond,
Election 1948, Series 1, No. , dated February
1, 1949,
Treasurer of the City of
El Segundo
Section 4. That the proceeds of the sale of said
bonds shall forthwith be turned over to and placed in the
municipal treasury of the City of El Segundo to the credit of
a fund to be de si gnat ed IIWATZ -11 ORKS BMME , E7 CTIO?d 191;.8
CONSTRUCTION FUND" and the moneys in said fund shall be applied
exclusively to the acquisition and construction of the municipal
improvement described in the Bond Proposition in the recitals
hereof.
Section 5. That for the purpose of paying the
principal and interest of said bonds, the City Council of the
City of El Segundo shall, at the time of fixing the general tax
levy, and in the manner for such general tax lever provided,
levy and collect annually each year until said bonds are paid,
or until there shall be a sum in the treasury of said city
set apart for that purpose sufficient to meet all sums coming
due for the principal and interest on said bonds, a tax sufficient
to pay the annual interest on said bonds as the same becomes
due, and also such part of the principal thereof as shall become
due before the proceeds of a tax levied at the time for making
the next general tax levy can be made available for the payment
of such principal. Said tax shall be in addition to all other
taxes levied for municipal purposes and shall be collected at
the time and in the same manner as other municipal taxes are
collected, and shall forthwith be turned over and paid into a
-1.�-
fund of the City of El Segundo to be known as 111948 ELECTION
dATERLTORKS BOND I ^TTEREST AND = 1,,TTIOTT FUND.11 Said fund
shall be used for no other purpose than the payment of said bonds
and accruing interest thereon.
Section 6. That the City Clerk shall certify to the
passage and adoption of this ordinance by a vote of more than
two- thirds of all the members of the City Council of said City
at a regular meeting of said City Council and its approval by
the Mayor of said City, and shall cause said ordinance to be
published once in the -L SEGUrIDO i-�,iR�,ALD, a weekly newspaper
of general circulation in said city.
Section 7. This ordinance shall take effect thirty
(30) days after its passage.
ADOPTED, SIGPM13 ASIl) APPROVED this 12th day of January,
1949.
az
P;ayor of the City of r
ATTEST: Segundo, California.
ty Clerk of the i
El Segundo, Calif y or .
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) ss.
CITY OF EL SEGU2 ?D0 )
I, VICTOR D. 11cCA11MITY, City Clerk of the City of El
Segundo, California, DO HEREBY CERTIFY that the foregoing
ordinance was introduced at a regular meeting of the City Council
of said City, duly held on the 5th day of January, 1949, and
thereafter at a regular meeting of said Council, duly held on
the 12th day of January, 1949, was reread, duly passed and adopted
by said Council, and signed and approved by the Mayor of said
City, and that said ordinance was passed and adopted by a vote
of more than two - thirds of the members of said City Council, to wit:
AYES: Councilmen Baker, Peterson- Swanson, Thompson
ivOES:
0_ ^r�
n
AB= T
and Mayor Selby.
Councilmen None
�ilmen None
':;;
City Clerk of th
El Segundo, California.
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4
Affidavit of Publication r
a+mj
STATE OF CALIFORNIA,
COUNTY OF LOS ANGELES, ss.
CITY OF EL SEGUNDO,
Anna Marie Madigan
being first duly sworn, deposes and says: That b0
is, and at all of the times hereinafter mentioned was, a citizen of the United States of America, over'
the age of eighteen years, and a resident of the County of Los Angeles, State of California; that Us-
was, at, and during all of the time of the publics tion of the instrument hereunto attached the ._.
Editor
pMnber and- publisher of EL SEGUNDO HERALD, a newspaper of general circulation, Imiff" pig -
lished and circulated WEEKLY in the City of El Segundo, in said County and State; that said
paper has been so poinisk published and circulated at regular intervals of one week for more than '6ae'
year immediately preceding the publication of the instrument hereunto annexed; that said newspaper ±
is, and was, at all of the times herein mentioned, a newspaper of general circulation within the msani4 y ;.
of Section 4460 of the Political Code of the State of California; that as provided by said section, ssid_., .
newspaper is published for the dissemination of local or telegraphic news and intelligence of a gen. t
eral character, having a bona fide subscription list of paying subscribers; that said newspaper is not * ;
and was not at any of the times herein referred to, devoted to the interests, or published for the enter.
tainment or instruction of a particular class, profession, trade, calling, race or denomination, or f0r "f
any number of such classes, professions, trades, callings, races or denominations, and that said IIewi -!
paper is not devoted to or published for, nor was it at any of the times herein mentioned devoted to�
iy
or published for the purpose, whether avowed or otherwise, of entertaining or instructing such classes.
professions, trades, callings, races or denominations, or any of such classes, professions, trades, Cali+
ings, races or denominations.:
That the notice, order, ordinances resolution or instrument hereunto attached on page_..... pumbgr4d #,
hereof in all respects, including subject matter, and size and arrangement of type, is a full, true a*,..: ,
correct copy of the said notice, ordinance, resolution or instrument, in words and figures exactly an `
published; that the same was set and printed in type not smaller than nonpareil and that the body
the same was preceded with words printed in black- face type not smaller than nonpareil, describing
and expressing in general terms the purpose and character of the notice, order, ordinance, resolntima
or instrument intended to be published, as will ap- pear from an inspection of the said annexed instki -, e
ment; that the i 2114"OnG46 °'itA ---- --- .......... ...... _. .. .
n�- ;---- ��f�s�tce -- X5.4$------------------ - - - - --
of which the annexed is a printed copy as herein above stated, was published and printed in said
rte &super at leastT_.�_�nq_.__week_.__.__. by- _Q�___. --- - ___- censeentkro publication -_., commencing on the
___ ____________ -----day of .___ _______-••-_.��__ ...... -- ...... A. D. 194_-.... and ending on the __ - ---- ---_._---___ _ _ day os '
d annar y- ---------- ----- • - -... 9 , A. D. 194- --
- - -- ----------
Thus da , January _ IZ
1wri�- ;sued to -wit: _ _-- _ .......... __
Subscribed and sworn to before me this -
day of _.____ --- - ----- ------ - --_-_-, A. D. 194--7... .?
�s , a
City Clerk of the City of El Segundo,
of Los Angeles, State of Calif
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