ORDINANCE 371A#�,
I—
ORDINANCE N0. 371.
AN ORDINANCE OF THE CITY COUNCIL OF'
THE CITY OF EL SEGUNDO, CALIFORNIA,
PROVIDING FOR THE ISSUANCE OF BONDS
OF SAID CITY IN THE AMOUNT OF $1002000
FOR THE ACQUISITION AND CONSTRUCTION
BY SAID CITY OF A CERTAIN MUNICIPAL
IMPRO VEIVIENT .
WHEREAS, pursuant to Ordinance No. 342 of the City
of E1 Segundo, California, a special municipal election was
duly and regularly held in said city on the 14th day of Decem-
ber, 1948, at which election there was submitted to the quali-
fied voters of said city the following proposition, to wit:
and
"BOND PROPOSITION: Shall the City of E1 Segundo
incur a bonded indebtedness in the principal sum of
nine hundred fifty thousand dollars ($950,000) for the
acquisition and construction of a certain municipal
improvement to wit: additions to and extensions and
improvements.of the water works system of said city,
said additions, extensions and improvements to consist
of the acquisition and construction of water storage
facilities, the ac uisition and construction (including
the reconstruction of wells, water mains, pipe lines,
pumps and pumping equipment and appurtenances, and the
construction of all buildings necessary for the storage
and housing of water works equipment and supplies, in-
cluding the acquisition of all land, rights of way,
pumps, equipment, apparatus, pipe, material, works,
and property necessary for said improvement?" i
WHEREAS, 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 pur-
poses hereinbefore specified; and
1191EREAS, $650,000 of said bonds designated WATERWORKS
BOND, ELECTION 1948, SERIES 1, have heretofore been issued and
sold;
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2420
242.1
NOW, THEREFORE, the City Council of the City of
E1 Segundo DOES ORDAIN as follows:
SECTION 1. That bonds of the City of El Segundo in
the principal sum of $100,000 be issued and sold for the pur-
poses set forth in said bond proposition in the recitals hereof.
Said bonds shall be designated WATER; "CORKS BOND, ELECTION 1948,
SERIES 2, shall be one hundred (100) in number, numbered 1 to
100, inclusive, and shall be of the denomination of 01,000 each.
Said bonds shall be dated August 1, 1950, and shall be payable
in consecutive numerical order, $5,000 on August 1 in each of
the years 1951 to 1970, both inclusive.
Said bonds shall bear interest at a rate to be here-
after 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 El 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 (which signatures, or either
of them, may be printed, lithographed or engraved), and the
r- 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 signa-
ture, and to number said interest coupons of each of said bonds
consecutively.
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SECTION 3. That said bonds and the coupons for
the interest thereof shall be issued in substantially the
following form:
UNITED STATES OF AMERICA
STATE OF CALIFORNIA
CITY OF EL SEGUNDO
WATERIffORKS BOND
ELECTION 1948
SERIES 2
No.
$1,000.00
THE CITY OF EL SEGUNDO, a municipal corporation
situated-in-the County of Los Angeles, State of Cali-
fornia, FOR VALUE RECEIVED, hereby acknowledges its
indebtedness and promises to pay the bearer hereof
the sum of ONE THOUSAND DOLLARS ($1,000.00) on the
first day of August, 19� , with interest thereon
at the rate of per cent ( %) per
annum, payable semiannually on the first days of
February and August of each and every year from the
date hereof until this bond is paid, on presentation
and surrender of the respective interest coupons
hereto attached. Both principal and interest are
payable in lawful money of the United States of
America at the office of the City 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 with the
provisions of Article 1, Chapter 4, Division 4, Title
4 of the Government Code of the State of California,
and acts supplementary 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 conducted in said City of E1 Segundo on the 14th
day of December, 1948.
IT IS HEREBY CERTIFIED, RECITED AND DECLARED 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
law, and that the amount of this bond, together with
all other indebtedness of said City, does not exceed any
debt limit prescribed by the laws or Constitution of
the State of California.
IN WITNESS WHEREOF, said City of El Segundo has
caused this bond to be dated this first day of August,
1950, to be signed by the Mayor and the City Treasurer
of said City, countersigned by the City Clerk of said
u City, and sealed with the corporate seal of said City,
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and has caused the interest coupons hereto attached
to be signed by said City Treasurer.
Mayor of the City of
E1 Segundo, California.
COUNTERSIGNED:
City Clerk,of the City Treasurer of the City
City of E1 Segundo, of E1 Segundo, California.
California.
(SEAL)
(COUPON FORM)
No.
0
On the first day of , 19 , the
CITY OF EL SEGUNDO, California, will pay to the bearer
at the office of the City Treasurer of said City, in
said city, the sum of dollars
($ ), in lawful money of the United States of
America, being the semiannual interest then due on
Waterworks Bond, Election 1948, Series 2, No. ,
dated August 1, 1950.
City Treasurer of the City of
E1 Segundo, California.
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 heretofore created and designated "WATERWORKS BONDS,
ELECTION 1948, CONSTRUCTION FUND," and the moneys in said fund
shall be applied exclusively to the acquisition and construc-
tion of the municipal improvement described in the bond propo-
sition in the recitals hereof.
SECTION 5. That for the purpose of paying the prin-
cipal and interest of said bonds, at the time of making the
general tax levy and annually thereafter until said bonds are
paid or until there is a sum in the treasury of said City set
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apart for that purpose sufficient to meet aTl payments of
principal and interest of said bonds as they become due,
the City Council of the City of El Segundo shall levy and
collect a tax sufficient to pay the interest on said bonds
and such part of the principal thereof as will become due be-
fore the proceeds of a tax levied at the next general tax levy
will be available. Said tax shall be in addition to all other
taxes levied for municipal purposes and shall be levied and
collected as other city taxes, and shall forthwith be turned
over and paid into a fund of the City of E1 Segundo to be
known as 111948 ELECTION WATER'JV'ORKS BONDS, SERIES 2, INTEREST
AND REDEMPTION FUND." 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, and shall cause this ordinance to be published once
in the EL SEGUNDO HERALD, a weekly newspaper of general circu-
lation in said city.
SECTION 7. This ordinance shall take effect thirty
(30) days after its passage.
ADOPTED, SIGNED AND APPROVED this 2nd day of
August, 1950.
ATTMT :
ity Clerk of tbA L'i�
Segundo, Ca fornia.
(SEAL)
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Mayor of the Uity
Segundo, Cali ornia.
2424
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES SS.
CITY OF El SEGUNDO i
I, VICTOR D. McCARTHY, 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 26th day of July,
1950, and thereafter at a regular meeting of said City Coun-
cil, duly held on the 2nd day of August, 1950, was re-
read, duly passed and adopted by said City Council, and signed
and approved by the Mayor of said City, and that said ordi-
nance was passed and adopted by a vote of more than two - thirds
of the members of said City Council, to wit:
(SEAL)
AYES: Councilmen Gordon, Swanson, Thompson and
Mayor Selby;
NOES: Councilmen None;
ABSENT: Councilmen Peterson.
ty Clerk of th
El Segundo, California.
2425
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS.
CITY OF EL.SEGUNDO.. i
I, VICTOR D. McCARTHY, City Clerk of the City of E1
Segundo, California, do hereby certify that the whole number
of members of the City Council of the said City is five; that
the foregoing ordinance, being Ordinance No. 371 is
a full, true and correct original of Ordinance No. 371 ,
of the said City of E1 Segundo, California, entitled:
"AN ORDINANCE OF THE CITY COUNCIL OF THE
CITY OF EL SEGUNDO, CALIFORNIA, PROVIDING
FOR THE ISSUANCE OF BONDS OF SAID CITY
IN THE AMOUNT OF $100,000 FOR THE ACQUISI-
TION AND CONSTRUCTION BY SAID CITY OF A
CERTAIN MUNICIPAL IMPROVEMENT."
which was duly passed and adopted by the said City Council,
approved and signed by the Mayor of said City, and attested
by the City Clerk of said City, all at a regular meeting of
the said Council held on the 2nd day of August, 1950, and
that the same was so passed and adopted by the following vote:
AYES: Councilmen Gordon, Swanson, Thompson and
Mayor, Selby;
NOES: Councilmen None:
ABSENT: Councilmen Peterson.
I do hereby further certify that pursuant to the pro-
visions of Section 36933 of the Government Code of the State
of California, that the foregoing Ordinance No. -271 was
duly and regularly published according to law and the order of
the City Council of said City in the E1 Segundo Herald, a Week-
ly newspaper of general circulation, printed, published and
circulated within the said City and that the same was so pub-
lished therein on the following date, to wit: August 10th, 1950.
(SrAL)
City Clerk of t
El Segundo, California.
2426
of Publi�a 'o,t
STATE or CAfLIVOAMIAj
COUNTY OF LOS ANGELES,
CITY OF EL SEG V"o )
Ei - -rinelp. . p ba ............... r
.................... being first duly sworn, deposes and ;says:Ti'hai
he is, and at all of the times hereinafter mentioned was, a citizen of the United StatAA
ea,
over the age of eighteen years, and a resident of the County of Los Angeles, State of Cal tshe
was, at, and during all of the time of the publication of the instrument hereunto attadl7i1,�Xib
.t1QLr ..• .................
..................... ............................... ......:
L ld#6eet of EL SWUNDO HERALD, a newspaper of general circulation, published and circulated a eekl , in
the City of El Segundo, in said County and State; that said newsapaper has been so ptlblisYiefl,.and
circulated at regular intervals of one week for more than one year
the
k 1
Publication of the instrument hereunto annexed; that said newspaper ds, and was, at -all of thi;.tilYii�s; re-
In mentioned, a newspaper of general circulation within the meaning of Section 4481) o. tii is Sc al
�r Code of the State of California; that as provided by said section, said newspaper is � �
publishi��,��1bi: the
dissemination of local or telegraphic news and intelligence of a general character, havingi..' rf ' ide
subscription list of paying subscribers; that said newspaper 4s not and was not at any of th'e,ti l ffi ,,t herein
referred to, devoted to the interests, or published for the entertainment or
Instruction of aptid(uar
�, r "
? class, profession, trade, calling, race or denomination, or for any number of such classes, profe�` its
° �4 pp#gdes,
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calii2lgsr,Yaces or denominations, and that said newspaper is not devoted to or published >fe��hi�rs it
at any of the times. herein mention devoted to or published for the purpose, whetted aVOtiv or
otherwise, of entertaining or instructing such classes, professions, trades, callings, races or, tie116fiiiiatibns,
Or any of such classes, professions, trades, callings, races or denominations.
!, That the notice, order, ordinance resolution or unto attach
„� instrument here attached on page s'143•Ail@hlired
hereof in all respects, dncluding subject matter, and size and arrangement of
B type; is .,a ffilli tii�il3,�; and
correct copy of the said notice, ordinance, resolution or instrument, in words and , figttr�s i > tty as
published; that the same was set and printed in type not smaller than nonpareil and %fthAtV'�t�ii �bbdy of
the same was preceded with words printed in black -face type not smalle r than rion par a #iy i1, ibing
and expressing general terms the r u'
pressin in purpose and character of the notice, order,. oriiinicribe,.s tition
or instrument intended to be published, as will appear from an inspection of ;the said,Ii ifielt ti8tru-
ment; that the. 4.4XA#Qj AQ. r...471.....
......:.
of which the annexed 'is a printed copy as hereinabove stated, was published and,_ priri}kt1;r ih ,;'said
newspaper at least.
"8 .. week...., by... WA8. ....... &AA19publicatidn.: , e
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of
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Subscribed anti sworn to before me this—IQ. �+
..
y
day of ... ....... A. D. 19 .
City Cleft, of the City of El Segundo, 09unty
• of Los Angeles, State of California.
Ey �' . !-�- P--��G r.
Deputy City Clerk of said City.
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