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ORDINANCE 454ORDINANCE NO. 454. AN ORDINANCE OF THE CITY OF EL SEGUNDO, CALIFORNIA, PROVIDING FOR THE ISSUANCE OF BONDS OF SAID CITY IN THE AMOUNT OF $390,000. WHEREAS, pursuant to Ordinance No. 432 of the City of E1 Segundo, California, a special municipal election was duly and regularly held in said city on the 13th day of April, 1954, at which election there was submitted to the qualified voters of said city the following bond propositions, to wit: and BOND PROPOSITION NO. 1: Shall the City of E1 Segundo incur a bonded indebtedness in the principal amount of $270,000 for the purpose of the acquisition and construction by said city of a certain municipal improvement, to wit: a city hall, including the improvement of the city hall grounds with landscaping and vehicle parking facilities, and including the acquisi- tion of all furniture, furnishings, equipment and other property necessary for any of the foregoing? BOND PROPOSITION NO. 2: Shall the City of E1 Segundo incur a bonded indebtedness in the principal amount of $120,000 for the purpose of the acquisition and construction by said city of a certain municipal improvement, to wit: a building to provide quarters for the police department and city jail, including an indoor pistol range and quarters for civil defense, and including all furniture, furnishings, equip- ment and other property necessary for any of the foregoing? WHEREAS, each of said propositions received the affirmative vote and assent of more than two - thirds of all J 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 set forth in said propositions; NOW, THEREFORE, the City Council of the City of E1 Segundo DOES ORDAIN as follows: Section 1. That bonds of the City of E1 Segundo, California, in the principal sum of $390,000 be issued and sold for the purposes set forth in the bond propositions in the recitals hereof. Said bonds shall be designated MUNICIPAL IMPROVEMENT BONDS, 1955, shall be three hundred ninety in number, numbered 1 to 390, inclusive, and shall be of the denomination of $1,000 each. Said bonds shall be dated February 1, 1955, and shall be payable in consecutive numerical order, $15,000 on February 1 in the years 1956 and 1957, and $20,000 on February 1 in each of the years 1958 to 1975, both inclusive. Section 2. Said bonds shall bear interest at a rate or rates to be hereafter fixed by resolution, but not to exceed six per cent (6 %) per annum, payable annually the first year and semiannually thereafter. 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, California, in said city. Section 3. 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 by their printed, lithographed or engraved facsimile signatures, 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 2. 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 4. That said bonds and the coupons for the interest thereon shall be issued in substantially the following form: UNITED STATES OF AMERICA STATE OF CALIFORNIA CITY OF EL SEGUNDO MUNICIPAL IMPROVEMENT BOND, 1955 No. $1,000 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 to the bearer hereof the sum of ONE THOUSAND DOLLARS on the first day of February, 19 , with interest thereon from the date hereof at tFie rate of per cent ( %) per annum, interest for the__fir__s:E year paya'BTe at the end of said year and interest there- after payable semiannually on the first days of February and August of each and every year 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 E1 Segundo, California, in said city. This bond is issued by the City of E1 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 voting at an election duly and legally called, held and conducted in said city on the 13th day of April, 1954. 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 theissuance 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 the City of E1 Segundo, does not exceed any debt limit prescribed by the laws and Constitution of the State of California. 3. IN WITNESS WHEREOF, said City of E1 Segundo has caused this bond to be signed by the Mayor and City Treasurer of said city by their facsimile signatures, countersigned by the City Clerk of said city, and sealed with the corporate seal of said city, and the interest coupons hereto attached to be signed by said Treasurer by his facsimile signature, and this bond to be dated February 1, 1955. / - facsimile signature) Mayor of e City of E1 Segundo, California (facsimile signature) _ COUNTERSIGNED: y Treasurer o e y o E1 Segundo, California. City Clerk of e City of El Segundo, California. (SEAL) (COUPON FORM) On the first day of the City of E1 Segundo, California, will pay to the bearer at the office of the City Treasurer of said city, in said city, the sum of in lawful money of the United States of America, being the interest then due on MUNICIPAL IMPROVEMENT BOND, 1955 dated February 1, 1955 _ (facsimile signature) City Treasurer or-the City- of E1 Segundo, California. No. Section 5. That the proceeds of the sale of said bonds (except premium, if any, and accrued interest) shall forthwith be turned over to and placed in the municipal treasury of the City of E1 Segundo to the credit of two funds as follows: $270,000 of the proceeds of the sale of said bonds shall be placed to the credit of a fund to be known as "CITY HALL BOND CONSTRUCTION FUND, 1955" and shall be applied exclusively to the acquisition and construction of the municipal improvement described in Bond Proposition No. 1 in the recitals hereof, except as provided in Section 43628 of the Government Code of the State of California; and $120,000 of said proceeds shall be placed to the credit tIPOLICE DEPARTMENT AND of a fund to be known as/CITY JAIL BOND CONSTRUCTION FUND, 1955" and shall be applied exclusively to the acquisition and construction of the municipal improvement described in Bond Proposition No. 2 in the recitals hereof, except as provided in Section 43628 of said Government Code. Section 6. That any premium or accrued interest received from the sale of said bonds shall forthwith be turned over to and placed in said treasury in a fund to be known as "MUNICIPAL IMPROVEMENT BONDS, 1955, INTEREST AND REDEMPTION FUND ". That for the purpose of paying the principal and interest of said bonds the City Council of the City of E1 Segundo shall, at the time of fixing 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 apart for that purpose sufficient to meet all payments of principal and interest on said bonds as they become due, levy and collect a tax sufficient to pay the interest on said bonds as it falls due and such part of the principal as will become due before 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 forth- with be turned over and paid into said interest and redemption fund. Said fund shall be used for no other purpose than the payment of said bonds and accruing interest thereon until said bonds and interest are fully paid. 5. y 33 Section 7. 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 newspaper of general circula- tion in said city. Section 8. This ordinance shall take effect thirty (30) days from the date of its passage. ADOPTED, SIGNED AND APPROVED this 12th day of January, 1955. C' Mayor _oT the City o ATTEST: E1 Segundo, California. r, ), - � y er or e C y o E1 Segundo, Califor ia. (SEAL) STATE OF CALIFORNIA COUNTY OF LOS ANGELES ss. CITY OF EL SEGUNDO I, NEVA M. ELSEY, City Clerk of the City of E1 Segundo, California, DO HEREBY CERTIFY that the foregoing ordinance was introduced and read at a regular meeting of the City Council of said city duly held on the 5th day of January, 1955, and thereafter at a regular meeting of said City Council duly held on the 12th day of January, 1955, was reread, duly passed and adopted by said City 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 the City Council, to wit: AYES: Councilmen NOES: Councilmen ABSENT: Councilmen (SEAL) El SeF 6. Baker, Frederick, Gordon, Swanson and Mayor Selby; None; Atone. .'ter c or e C1tV0 ;undo, Californ a Affidavit of Pubfication S A T E 0 F CAU, I 1'r) RN T A, ":OUNTY OF LOS .1NOFLES, ES CITY OF EL SEEGUNIA), ......................... Julie - J.- - Jacobs ....... i; QUIOSes and says: Th,it Is, and of 0,1,e limes he r 'I­t­ r me Z: n u� L c U;-JIcd States of Amcr"CIII over the a.-e of eighteen ti e2rs, and a r-:.3'dent •;f Ihc C a. of Los !nFelcs. szate C,, California ;that he (11,11-hig ail Of Ll-w t­i-,e of 'he ih,_, aftach_-d ............. Edi tor ..................................................................... Editor of EL SFGUNDO HTEIPALD, a CJr,-'­Ic',;0n, r-W-Ii-hCdand c4rculate c7. weekly in the City of El Segundo, in said 03unt�,, r,nd State: ha, o-:a.,dl nr -,aper has been so published and cilCUlated at regular intervals of 0,2 for 1:1;r::, n One Year inlynedir: 'ely precedin g the pubhcait7on of the 'nsI­'Iv-nfnI, hereu;,Lo 'S, and IA`,41i, Ric, all of the times herein :mentioned, a of general tire- hat; "in Si!c-tiv:i 4460 Of th2 Political Code of the State of California; [hat as provided LY is Published for the I!isSMnjnRU0n of local or telegrap1je news and ­__ -1 o ! a having a bona fide subscription list of paying subscribers; flia,l said newspF.p­r is not and was ­j; et any of the times herein referred to, devoted to the interests, or Published for the entertainment or instruction of a particular class, profession, trade, calling, rac-- or denomination, or for any number of such classes, professions, trades, callings, races or denominations, and that Isaid newspaper is not devoted to or published for, nor was it at any of the times herein mentioned devoted to or Published for the purpose, whether avowed )r otherwise, of entertaining or instructing such classes, professions, trades, callings, races or denomin- ations, or any of such classes, professions, trades, callings, races or denominations. That the notice order, ordinance, resolution or instrument hereunto attached on pageS .... numbered ................................. I ................................ hereof in all respects, including subject matter, and size and arrangement of type, is a full, true and correct copy of the said notice, ordinance, resolution or instrument, in words and figures exactly as published; that the same was set and printed in type not smaller than nonpareil and that the body of the same was precaded with words printed in black -face type not smaller than nonpareil, describing and expressing in general t3rms the purpose and character of the notice, order, ordinance, resolution (-.r instrument intended toC)be ub-ished, as Nv�ll appear f,-om an in.-Tection of the said annexed instru- inent; that r(Anance No'. 454 the C'f Which the annexed is _- printed copy as h--reinabovc stated, was Published and printed in said news- jya,per at least ..... i ..... vvo,_k. - - -, by ......... ....... conie,-ul ive publication...., commencing on the .... 2.0.th . day of . Jan ............ ........ I A. D. ....... and ending on the......... d2. day of ............ Tat,. ............A. D. 13.. 5 ,9, and as often during said time as said newspaper was regu- arly *Iis!_Ied, to—'vit: .......... I .......... ....................... i 2had. I. t. ime ..................... ....... .......... ... '110scril �ed �nd sworn to bclore me C. Ly of A. D. .......... City clerk of the City of El Seg do, County of Los Angeles, State o California. T';.V ..... ..... Deputy' City Cler of S'�'Iid­ City...