HomeMy WebLinkAboutResolutions - No. 09-16-1918bOwner
Assesam4nt :'umber
Amount
Unknown
77
$187.98
Unknown
81
174.76
Ursnown
83
518.10
*_zK o-ilm'
85
175.26
UniClown
91
12.90
Jn'c-^ . n
94
163.05
Unkno,, n
95
173.09
103
16.99 -
?'r,!nolo :
105:
14.09 i
Urunown
106
17.3 4
The, Board-urther finks and determinn3 t:'lat ti:e aOgrtigate amount
of said asa es3nent3 unpaid is the sumn or $ $11 ,399.21.
Limon motion of Trustee :::or.tgor ery, 3 ?t;Ond?d by "_'r yis%e? 77-7=le, t:,e
for`-�Zoin.-Yr-.soiUtior, No. 23-, "'ima adopt-�?d by the following •lot'!:
Aye$: Trust-ies Xontgor,:ary, 'tale, Crose a::.. _31ac ,.
N0 0 s : :w'o ne .
Absent: Trust?e Keeney.
RESOLUT=O,; *70. 24.
P3OVIDING .OR T w !SST, f,E OF iiPROV= - T 30603 TO REPZ<: E'1+T A5D
3E SECURE:) 3': A3SESS_fENTS MADE FOR Ti= COST OF T'M WOR$ AND =_T?ROV=1 !M -SITS
.." I3; A,;� ')?^vli :iO3TH SCHOOL STR T FRO;d ^'I -r' 1TORT:i LIQ OF EST 'Kaf
S-2.77-1 T) THE CLTY "L.PlITS OF THE SAID CITY Or LODT, 0!i T:E I;ORTu; AYD
TKE AL --7f :?L"_`UNG THRO`".H T'E 3 ;T=R 07.3LOCK FOURTED3T ?"tOM T- ITST
LI?ay O'? ;OR T'+ SAO.- =NTO SMEET TO TLE EAS LI2�' 0_ NORT; SC OOL STR ZlT,
11-7 T 3 CITY 07 LODI, 'AL1 )MITIA, A_`:) i0 PROVI:)1'.' -AOR T FE SALE =EREGi',
BE IT RESOLVED, by the Board of Trustee of th? City of Lodi,
California, as follo•rrs:
L.c?ts, this Board of Trusties by its Resolution or Inten_ion
16, 1.roviding for the i proverent of North school Street from the
North linof w-ist Elm Straet, to th-:� City Limits of the said City of
Lodi , on t ne LTorth; and tale alley runn.ing throu� the. center of block
Fourt=een from the Test lin= of Hort* Sacramento Str�at to the East line
of north School Straet, determined that serial bonds to represent unpaid
assessn-ants and to bear interest at the rate of seven per cent per arnu;,
Yloull be i89uPd t_,,er,!under in th? ir_)zL'l!r provided by the "Improvement
Bond Act of 1915" and that the last irsta.11mAnt of which bonds should
nature nine (9) years from the 2nd day of Tuly next succeeding nice
^ont::5 from their date; and
,MMUTAS, the work to be done under said Resolution of Intention
iso. 16 as been completid to the satisfaction of the Superintendent of
Streets, an, of th:a Board of Trustees; and the Superintendent of Streets
on t 6t:•, day of Sppt-�!r+ber, 1918, filed with the Cl-rk of the Board of
Truat"es a-orplete list of all unpaid ass?s3ments rade under said pro-
eeedirigs; and
'UM11EAS, this Board of Trust -'-es has this day found and determined
that the aggr'abate amounit of said unpaid asseasrlents isthe sum of
$111399.21, -
NO11, T'-i7REFORE, BF IT RESOLVED, As FOLLOWS:
Street Improvement Bonds, to be issuRd pursuant tc tY.e provis-
ions of the "!Y,,provaWent Bond Y- ; of 1915g, evidencing `hia aforesaid in-
debtecbi,s3, shall be issued to tPi? agg'eg;ate amount of 41.1.,399.21, and
the nu_mb,�r, denomination and Cnara:;to�r Jf such bDn33 shall be as follows:
Said bon s o::all be dat?d th,* 16th da, -y of September, 1913, and shall be
of i_^:! c iaractar k..orwn as serials, one -tent: _.,art cf the total amount.
Of t .? bUiltil3 eviu?raving Sala' ind::bteln?s3 anall b= payable on th-1 2nd
day of Mly, 1920, and ... on-?-t?rith part of said total indAbtad31�33 shall
be payable on the 2nd day of Tuly of each and every year thereafter to
and including the 2nd day of Tiny, 1929. Said total indebtedness shall
be evide::.e3 by-NvPrty (20) bonds of the denomination of FIVE 3'J;rJR�D
;4500.00) DOLLARS each and Ten (10) bands of the .1?nomination of CITE
.TMTDR�D TRIRTf-YMM A,TD 92'100 (0139.92} DvLLArZ3 each; and Two of said
bonds of the denor:iration of FIVE 97=1 ?ED (4500.00) DOLLAi13 each, and
.ne of said bonds of t denorA ation of MITE 7M. -MR -ED TFIRTY-NI E A.TD
92;'100 (y159.92) DOLL. RS otiall nature and be payable on the 2n(I day of
July, 1920, ani a li. .0:rSer of bonds of each denomination rtiap?ctively
0:.011 ;ature
and b� payablR or the 2nd day of my oP
eac _ a w ey-�ry
year .iRreaft-ir to and cladin the
2nd day of July,
1929, Said bonds
3k:ali ba na^:o?::?d or.- to t1':irty, Gt._
iL31u31 -, e.3 follows..
nAM 8 02
Sy ;IES
301-i-D 25U.I3MES
rMTO:: I2TATIONS
iATMITY
4
B--1
1
4500.00
July 2, 1920
3-1
2
500.00
July 2, 1920
3-1
3
139.92
July 2, 1920
8-2
4
500.00
July 2 , 1921 I
i
3-2
5
500.00
July 2, 1921
B-2
6
139.92
Slily 2, 1921
B'-3
7
500.00
July 2, 1922
B-3
a
500.00
July 2,19 22
3-3
9
139.92
July 2. 1922 i
B-4
10
500.00
July 20 1923
3-4
11
500.00
July 2, 1923
B-4
12
139.92
Ju1.T 2, 1923
B-5
13
500.00
July 20 1924
f
3-5
14
500.00
July 2, 1924
_ 3-5
15
139-92
July 2, 1924-
924B-6
S-6
16
500.00
jUly 2, 1925
B-6
17
500.00
Ju1,y 28 1925
3-6
18
139.92
July 20 1925
3-7
19
500.00
Ju13r 2, 1926
3-7
20
500.00
suly 2, 1926
B-7
21
139.92
Ju2y 2, 1926
B-8
22
500.00
July 2, 1927
B...8
23
500.00
July 2,1927
3-8
24
139.92
July 2, 1927
B-9
25
500.00
Ju1J 2, 1428
3-9
26
500.00
July 2, 1928
3-9
27
139.92
July 2, 1928
3-10
28
500.00
Jt�y 2, 1929
- 3-10
29
500.00
Tu3,T 2, 1929
3-10
30
139.92
July 2, 1929
5 iG
pp
�J:TDS StiiLl Br IN JjBSTAli�iA.LLY
THE FOI,?GIN TIT G P01"M, towit.
j,MjJv
=r'_i i DO=
Z I"Y
0 LODI
NNO
U_hdzi
:r-d 'oy v it a,- the act
of
of th-:? Stat-3 of Ial-
1forrla, ntltled
"An act to provide
for tl.a IS13 ancs
of Improv-,mert bonds
and b� -gid
a=car by 30.11
- r-
a�a��3� nts �,dd.
--•.�
f;,r ��_., cost of su.iw
ws re a _n,Dr-v-i.
encs in and
averu4s,
lane, a11N✓s,
nin-:A3 :i.?:.. 3111:"-J,DS Wit .�unlo!;palitlt-s a-nd upon property and
-- , o^ :;wy o;�r.?� by *uriclpaii`ies, to pr Aida ror t'r_� 'coll�'otior. of
dt�?, ass?33mr?ntd, th-' sai-' of t._.. pr.._v?rtV fec'?d th1z!raby and for the
y::y«i? •:t Ji [: ,)0!id3 30 13Su?d° ,u t_:? vi ty of loll fa -.unL, 1,na7 ,,orpor a -
tion) i'1J.11 or 2nd day of July, ly_, out Of th_redempt ion for
Pay : 0• t,..e bOAk3 l:i3ll..0 u-pon i.'I`i-. aS3 531:P.21t3 ...:...u.. for t: 'vrord
upo2l and 1 7ro4, Tm-! :ts or .fort_^ S,. hoot :qtt dna t zi a_ 1 z v r u:__in7 throUg;l
yert?r of bIoclx 1'=, in sal&, City, :T:Or- _nAily ii3s-cri5?il is 3t 'r-
tainnp6olution of I te.--tion bio. 16y, 1_a33?d til''- $oarj. of Trustaps or
drSiQ...�-',lo.i.1 1. 'y On ., llt I: day of brwlrJ , 1913 , p...j t 0 b'.wr ar, th e?
j�.11 of dollars (j; ) with I ter-
dt'Ja o1. tHR 16tH da:- of ti'`.=
Jai
Sia is 3a Ill ccu-ona may . a --i a:!d adopt ::^:i3 printed or lit ilo_z;.'apTiBd si�-
nature, in place of his sig atur�! by i.ar_c
Said bonds shall be issued In a:lnual s�rles, -and the unpaid as-
sessmc?nt3 as s .own on said list filed oy the 3uperint�ndent of Str�-?ts
and d-�ter<::in,d by said '2aard of Trustees, toZ-.?the r with Interest the.r•?-
on, 3^2.11 =?:wain and Constitute a trU3t fund for the 'de ptiOr and
pa"W? nt of said bonds and of the Intereat which may be dud ti:ereon,whlch
unpaid as3ess'r.ents shall be payable 1, annual series corr-?sp:)ndi.6- in
n=ber to t:1'. number of s?ries of bonds 18sueu, an:, an. even annual
proportion of Tach assessment shall be pamole in each year preceding,
th�- date of maturity for each of the 3<?varal serle3 of bonds issued, and
such proportion of each assessment coming due in any year, together witi_
the annu ! interest Hereon shall be payable in installments a3 1.1e. c n-
eral-Lunioipal taxes of said City of Lodi on r?al property are payable,
and s^all become delinquent at the 3amp. time and in the sa-Mf-. propor-
tiorat a_:oun*..s and 'Dear the same propor tionate penalties for delin-
qu'ncY
Sealed proposals for the purchase of said improvement tond3 will
be rec-ilaed by said Clerk up to L ,e hour of 8 o'clocs P.M. . on Monday,
tt: 7':: day of October, 1915.
Bids .^ust be for not 1?ss than par value of the bonds and ac-
crued interest. i^'• richt 13 reserv,?d to rej-ict any or all bids. if a
satisfactory bid be received, the successful bidder :ray be allowed ten
days for examination of the proceedings authorizing tile'. Issue of said
bonds, ar_d ray irake his bid subject to the legality of said proceedings.
Bids ^ust b= a33o^:panied by cartllflid Cne_,k or cas:.i?r'3 chac:c upon
sime responsibl,, ban.K in the sum of tan per cent O_' tY14 Dar value of
Vine amount of bonds bid for, such ch=.,X to be rad? payable to ?i.S.Clcrk,
City-".,-rk.
T'e City Clerk is he^eby directed to advertise for bids for said
bonds as Ye_ein provided by publishing notice inviting bids, once a week
for two :7iks in thR official newspaper. Said notice shall be. in sub-
stantially the following form:
Sealed bids for the purchase of str=et improvement bonds of the
City of lo3i, ir_ thz County of Sar. Joaquin., State of California, will be
rec-wiiv�!d by the and-irsigned City 01 -irk of hair: City of Lodi, up to 3
o'c:iocic P.:.:. 'Zonday, October 7t11, 1918. Such bids shall bs addressed to
the und-rsiz ed and .:.list be for not less t::an par value Of the bonds
bid for, with accrued interest to date of delivery. The right is re-
served to reject any and all bids. The 3uccess:nll bidder will be. al-
lowed ten days for examination of the proceedings, and bias may be made
subject to the 1?gality of the proceedings. Each bid must be accom-
panied by a certified check or cashier's Check upon some r,sponsible
band; in a sim equal to ten per cert of the par value of the bonds bid
for. Sal,! cae-ccs .shall be mad= payable to the ur_dersigled.
Said issue of bonds aggr+,gate the total sum of $11,399.21, bear-
ing interest at the rate of seven Der Cent per annum, payable semi-
annually on the 2nd days of January and July of each year. Said bonds
are of the following denominations: Twenty of 4500.00 -iach and Ten of
$139.92 'ate , s:rd a -.P dated September 15th, 1915. Said bonds are of the
character known as serials, and two bonds of the par value of 4500,00
each and one bond of the par value of $139.92 are payable annually from
July grid, 1920, to July 2nd, 1929, bot:: inclusive, and are issued pur-
suant `o the provisions of the, street improve,nant bond act of 1915, -and
purst:a.:t to proa?edlings taken by the Board of Trustees of the City of
Lodi, undar R=solution of intention _;o. 15.
City Cleric.
--r ord-�r of tine Board of Trustees.
T:pon =otior. of T7ustne Mose, s-ncanJPd by Truste" Montgor:ery,
the foregoing resolution Yo. 21- irs adopted b., the follo:ving vote:
Ayes: Trustees "rose, llontgomery, Hale and Black.
:voBs: P4one.
Absent: Trust�iP Keeney.
Miscellaneous bill against the City amou-ting to $919.42,havins
been ap roved by the auditing co:rmittee, were allowad. and oredar23 paid.
:city Clerk.