HomeMy WebLinkAboutResolutions - No. 1126In the City Council
city of Lodi
Lodi, California
nE,S�L'JI'1UTc 1;U. 11L6
RESOLUTION Diil»hIivG DISCONTINUANCE OF A :giNLTN
'1.'fiI1. CITY TRLhSURY AND '1'1-11, 'E14{ OF P:O131^:Y 1'RE.NE—
r'ftt.V TO ` Ilh '1EP:'E.fiAL ?UkT,D CE' THE CITY 0. LOUI .
Wk-EEEAS, in accordance with the ir•ovisions of the
"f,oundary Line Act of 1911" ( Stets 1511, pa e 1Oi3 et seq.),
and amendments thereto, a fund was established in the City
Treasury, desiji ted for convenience, "C1 EIh0KEE LANE 13ONi' iAJNw'1
far the purpose of receiving and disbursinfy monsys collected in
payment or principal and interest on bonds i.rued to secure
payment of a.-sessrnents regularly levied to pay the cost and
expenses of the irrfprove:Tent of portions of Cherokee Lane fii_3hway
as ur dertaken unr'er Resolution of Intention No. 72 of the City
Council of this City, adopted April 1- , 1931, and,
WLE:REAS, all tunas o1' Series 1 i sued in accordance
with said besolution of Intention have matured and tie total
omourits of principal rn�: interest thereon have been paid to the
holders thereof and all of said bonds are now in tht. hands of
the City Tr - super marked "Paid" or "Cancelled', and the further
eontinu<,nce of said r'und is no longer necessary or required., and,
V,IlEREAS, there is an accrued balance of T9NENTY UULIAhS
AA',L SEvEN TY -„SEVEN CEPTS ($20.77) in the said x'un i from the
City's shre of 22ii of penalties irposed b law for delinquency
in payment of installments of assessments and of reimbursements
for ar ver'tising costs, ti:bIch brlance is the sole property of
this City, therefore,
BE, IP 1t SULVED, that this City Coun ;i1 does 1-.tE.reby
direct the City Treasurer tv close out id "C .E.,UKEE LAi"E Bali)
llW" by transferring tries said balance of 'TWENTY DOLLARS AND
SL,`VEN'1Y*Si\%EN CENTS (20.771 to the 'ienerril -'ttri-i of the Lity
of Lodi and by ais,'ontinuiny further record o: said fund from
and aster the date of such trancfer or funds.
0
I, J. t;LAKE1.Y, City Clerk of the City of Lodi
do hereby- certify thst the foregoing Resolution
,o. 1126 was regularly introduced, passed and
adopter! by the City Council of the dity of Lodi
at a regular. meeting of said City Council held
on livednesrlay the 3rd day of June, 19)12 by the
fol owin vote:
,AYES: Councilmen, Corfield, tti.r„�'s rine, ++eihe
and dull1\ (ayor)
N.UE.S: Councilmen, None
,ABSENT: Councilr,en, Ione
( .Siql':i'L) J.
LAES LY
Clty Clerk.