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HomeMy WebLinkAboutResolutions - No. 10-06-1919bA the Board hereby finds s d determines tzut the unpaid assess- ments `ode _r..ursra,nt to the proesedings take= under said ?esolution of Intention _:o. 18 and the aggregate amou-.t of the same are as foilo-as-_ OWMER. ,%SggSS x NUi�mp AMCU3T. LMLQ`N 6 24.82 43 20.69 " 71 589.19 IF 72 589.19 " 75 56.85 The Board further Finds and determines that the aggregate amount Of said assessment unn-3 ie the sum of .i'? 1;280.74 Upo:1 motion of Trustee yortgomery, seconded by Trustee Hale, the foregoing resolution No. 63 was adopted by the followIno vote-. awes: Trustees Xontg Noss: None. o.uery, Hale, Cros2, ldorsnead and Bla.k. Absent: *tone. RESOILcTION NO. 64. TROVDIBG OR THE ISSULME OF I1ffBLCV_Ti-_1T BOUD •S TOA ]•tu.G...k'..'T A:iD 3, ilELMMV i) BY AS$ - p ESSUBUTS Z"ADE 202 THE, COSI' OF THE WOR AND ?.:Ln M M21TTS. LADE I_ -T4 A --7D ti?0ff LES A?EEME-5' /�'R(0M D+OC'JST STB T 'IQIODII A7.3 E, If THECITY0? LOX, ' D 70 2RO71DE TIE SAT.:. T—TREO . BE IT RESOL7ED, by the Board of Trustees of the City of Lodi, r as follows: - MAS, this Board of Trustees by its Resolution of Intention IIo. 18 providing for the Improvement of Lee Avenue from the South i line of Locust Street to the forth line of Ela Street, and from the South line of Elm Street to the North line of Pine Street, and from, the South line of Pine Street to the North line of Oah Street, and from. the South line of Oak Street to the Horth line of Lodi Avenue, in the City of Lodi, determined that serial bonds to represent unpaid assessments and to bear interest at the rate of seven per cent per annum, :'could be issued thereunder in the manner provided by the. "Improvement Bond Act of 1915" and+amendments thereto, and that the last installment of which bonds should mature nine (9) years from the 2nd day of only next'succeeding nine months from their date, and ValEAS, the worx to be done under said Resolution of Intention 1Yo. 18 has been completed to the satisf action of the Superintendent of Streets, and of the Board of T_metees; and the Superintendent of Streets on the 26th da; of September, 1919 filed with the Clerk of the 3oard of Trustees a complete list of all unpaid assessments made - under said proceeding, and WEE AS, this Board. of Trustees PAs this dEV found &ad deter- mined that the aggregate amount of the unpaid assessments is the sum of S 11280.74 NO;, TEWMFORM, BE I'_'-MESOIYyD, as foll:ws:- Street Imnro7ement bonds to be issued pursuant to the provisions of the "Improvement Bond Act of 1915" and amendments thereto, evidenc- ing the aforesaid indebtedness, shall be issued to the aggregate amount of 1;280.70 a.:d the number, denomination and character of such bonds shall be as follows: Said bonds shall be dated the 6t3j. day of .Owbebir_, 1919 and shall be of the character known as serials. One tenth part of the total amount of the bonds evidencing said indebtedness shall be payable on the 2nd day of July 1921, and one-tenth part of said total Indebtedness scall be payable on the 2nd day of July of each and every ;year thereafter to and including the 2nd day of July 1930. Said total indebtedness shall be evidenced by ten (10) bonds of the denomination of one hundred twenty eight and 07/100 (128.07) dollars each. One of said 'ponds of the denomination of one hundred twenty eight and 07/100 ( 128.07 ) dollars each shall mature and be payable on the 2nd day of July, 1921, and one of said bonds of a like denomination shall mature and be payable on the 2na day of July of each and every year thereafter, to and including the 2nd day of July 1930. Said bonds shall be numbered 1 to 10, both inclusive as follows: - SERIES BOND =- QS DENO]MATIONS. DAT313 Or MATU3IMS. C-1 1 128.07 July 2nd, 1921. ` C-2 2 128.07 Daly 2nd, 1922. C-3 3 y 128.07 July 2nd, 1923. 0-4 4 128.07 July 2nd, 1924. C-5 5 128.07 July 2nd, 1925.- 925.O-6 0-6 6 V 128.07 July 2nd, 1926. Said bonds shall be in substantially the following foam to -wit: c I E C v'_�;a—E :i i BORD 01 -LY 0-7 :.::DI, STATP, OF C_11_LITO3 tIA. SE2IES JFC.'- Under and by virtue of the act of the legislature of she State ,i California, entitled "An act to provide for the issuance of improvement bonds to represent and be secured by certain assessments made for the cost of certain work and improvements made in and upon streets, avenues, lanes, alleys, courts, places and sidewalks within municipalities and upon property and rights of way ormed by municip- alities, to provide for the collection of such assessments, the sale of the property affected thereby and for the ps ment of the bonds so issued", approved June 11th, 1915, and amendments thereto, the City of Lodi (a municipal corporation) will on the second da;j of July 19 , out of the redemption fund for the payment of the bonds issued upon the assessments made for the work upon and improvements on Lee Avenue from the South line of Locust Street to the Borth line of :,lm Street, and from the South line of Elm Street to the North line of PineStreet, and from the South line of Pine Street to the Horth line of Oak Street, and from the South line cf Oak Street to the 11orth line of Lodi Avenue in said City, a: more fully described in 2-esolation of Intention 70.18, passed by the Board of Trustees of said mtmiciva,lity on the 24th daF of March, 1919, pay to bearer the sum of dollars (' ) with interest thereon from the 26th day of ( Sentem"er, 1919, at the rate of seven (7) per cent per aanr,.m,:all as L_ is hereinafter specifies, and at the office of the treasurer of said i municipality. This bond is one of several annual series of bonds of like -tate, tenor and effect, but differing in amounts and maturities, iseued- C-7 7 128.07 Jn1y 2nd, 1927. C-8 8 1?8.07 July 2-nd, 1928. C-9 9 ; 128.07 July 2nd, 1929. C-10 ZO 128.07 July 2nd, 1930. Said bonds shall be in substantially the following foam to -wit: c I E C v'_�;a—E :i i BORD 01 -LY 0-7 :.::DI, STATP, OF C_11_LITO3 tIA. SE2IES JFC.'- Under and by virtue of the act of the legislature of she State ,i California, entitled "An act to provide for the issuance of improvement bonds to represent and be secured by certain assessments made for the cost of certain work and improvements made in and upon streets, avenues, lanes, alleys, courts, places and sidewalks within municipalities and upon property and rights of way ormed by municip- alities, to provide for the collection of such assessments, the sale of the property affected thereby and for the ps ment of the bonds so issued", approved June 11th, 1915, and amendments thereto, the City of Lodi (a municipal corporation) will on the second da;j of July 19 , out of the redemption fund for the payment of the bonds issued upon the assessments made for the work upon and improvements on Lee Avenue from the South line of Locust Street to the Borth line of :,lm Street, and from the South line of Elm Street to the North line of PineStreet, and from the South line of Pine Street to the Horth line of Oak Street, and from the South line cf Oak Street to the 11orth line of Lodi Avenue in said City, a: more fully described in 2-esolation of Intention 70.18, passed by the Board of Trustees of said mtmiciva,lity on the 24th daF of March, 1919, pay to bearer the sum of dollars (' ) with interest thereon from the 26th day of ( Sentem"er, 1919, at the rate of seven (7) per cent per aanr,.m,:all as L_ is hereinafter specifies, and at the office of the treasurer of said i municipality. This bond is one of several annual series of bonds of like -tate, tenor and effect, but differing in amounts and maturities, iseued- ` by said municipality under said act for the purpose of providing means for paying for the work and improvements described in said Resolution of Intention, and is secured by the moneys in said redemp- tion fund and by the unpaid assessments made for the pa, meat of said work, and, including principal and interest, is payable exclusively out of said fund. The interest is payable semi-annually, to -crit: On the second days of January and July in each year hereafter, upon presentation of the proper coupons therefor; provided, that the first of said coupons is for the interest to the second day of January, 1921, and thereafter the interest coupons are for the semi -carnal interest. This bond will continue to bear interest after maturity at the rate above stated; provided, it is presented at maturity and payment thereof is refused upon the sole ground that there is not sufficient moneys in said redemption fund with Which to pay same. If it is not presented at maturity interest thereon will run until maturity. This bond may be redeemed and paid in advance of maturity upon the second day or July in any year by giving the notice providedin said act. Iii WITI S'S ;7 �T,_:::OF, said City of Lodi has caused this bond to be signed by the Treasurer of said City of Lodi and by its Clem, and has caused its Clerk to affix thereto its corporate sdal all on the 6th day of October, 1919. Treasurer Clerk Said bonds shall bear interest at the rate of seven per cent per annum, payable on the second days of January and duly of each year, commencing January 2nd, 1921. There shall be attached to each bond an interest coupon for each semi-annual payment of interest to became due thereon, and each coupon shall be in such an amount as to represent six months interest on the bond to which it is attached, except that the coupon represent- ing the interest due January 2nd, 1921, sha11 be for such an amount as may" represent the interest on each of said bonds respectively from the 26th day of September, 1915 to the 2nd -1 Pay of Janus 1921. Said coupons shall be numbered consecutively acoor3in3 to the order of their payment, aad shall be substantiail,; in the following fora, to -wit: - Coupon Zlo. Bond No. Improvement 3ond- City of Lodi. the 2:ai day of A. 19 , the City of Lodi will pay to the bearer hereon, at t;ie ofE'lac of the City Treasurer in said City, County of San joaouin, State of Cali-fornia, the sum, of said' shun beinv the interest due on t=-ut dato upon the above numbered improvement bond. Series Zio. City Treasurer. The Ci -y ^reaeurer and City Clerk are hereby authoriz33 and directed to sign each and every one of said bonds, and t'r_eCity Clerk is authorized and directed to affix thereto the corporate seal of the City, and the City Creasarer is hereby authorized and directed to sib each and every one of the cow^ons attached to said bonds, provided however, t'aat the Citi Treasarer in signing said coupons may use --d adopt his �Orinted or lithographed signature, in place of his signature by 'nand. Said bonds shall be issued in annual series, and the unpaid assessments as sho-m on said list filet by the Superintendent of Streets and determined by said Boar1 o! 'irLstees together -rlth interest thereon, shall remain and constitute a trust fund for the redemption anal rayment of said bonds and of the interest whiei: ma be due thereon, which unpaid assesoments shall be pe,,7able in anrnuv series correspondiLg in number to the cumber of series of bonds issued, end an even annual proaortion of each assessment shall be payable in each year preceding the date of maturity for each o: the i several series of bonds issued, and such proportion of each assess- ment coming due in any year together v.1th the ansmual interest thereon, shall be payable in installments as the general municipal tables of said City of Lodi on real property are payable and shall become delinquent at the sane times and in the same proportionate samounte and bear the same proportionate penalties and, interest for delinquency. i provement bands will Sealed proposals for the purchase o= sail im be received b1 said Clerk up to the hour of e i ,ht o'clock 2. 21. on Monday the 3rd Say of N&Yember, 1919. Bids must be for not less than par value of the bonds and accrued interest. The right is reserved to reject any and all bids. If a satisfactory bid be received, the successful bidder may be allowed ten days for examination of the proceedings authorizing the issue of said bonds, and may make his bid subject to the legality of said proceedings. Bids trust be accom- panied by certified check or cashier's check on some responsible bank in the sure of ten per cent of the par value of the amount of bonds bid for, such check to be made pnvable to !I. S. Clark, Cit; Clerk. -he City Clerk is hereby directed to aivertise for bids for such bonds as herein provided by publishing notice inviting bids, once a week for two weeks in the Lodi Sentinel. Said notice shall be in substantially the folio -ring :Eo --M: Sealed bids for the purchase of street iRprovemm t bonds of the Ci .V of Lodi, in the County of San Joaquin, State of California, will be received by the undersignel City Clerk of said City of Lodi, up to eight o'clock ?. ',I., Uonda;- the 3rd day of November, 1919. Such bids small be addressed to the undersigned and must be for not less than pas value of the bonds bid for, with accrued interest to date of delivery. The right is reserved to reject any or all bids. The successful bidder 7111 be allowed ten days for examination of the proceedings, and 'Dias meq be made subject to the legality of the proceedings. Each bid must be sccocmariel. by a certified check or cashier's check upon some responsible bank in a sum equal to ten per cent of the par value of bods bid =or. Such checks shall be made na able to th a undersigned. Said issue of bonds aggregate the total sun of 3 1,280f7A besring interest at tlza rate of seven per cent per annum, payable semi -annua-1 ly on the 2rd da;; of January and July of each mar. Said bonds are of the following denominations: Ten (10) bonds of the denomination of one hundred twenty- eight and 07/100 ( 128.07) dollars each, and are dated October 6th, 1919. J Said bonds are of the character kaa-4-m &;3 seria.l3, and one, (1} of said 'ootids of the par value of one hundred twenty eight, and 07/100 ( 128.07 ) dollars each is payable annually from duly nnd, 1921, to .Tul,7 2nd, 1950, both inclusive, and are issued. _ pursuant to the provisions of the 11 improvement Bond Act of 19151' and anendr.:Ents thereto, and pursuant to proceadings taken by the r Board of Trustees of the City of Lodi under Resolution of Inten- tion l+o. 18. By order of t'e Board of Trusteea. City Clerk. Dated Cctober 6th - 1919. tj�on =ot10n of Trustee ^ale, s3Conded ay TrustoeCros2., the f oregvin: the following resolution n. 64 real adopted ICY � o 1 vote. Ayes; Trustees Hale, Crose, ;font-orsry, yorahead and Black. yi08s: None. --- Absent; hone. G. 2. Griffith, D. N. ,1rri�tah:r, G. L. Fol l er and Charles Fra�::0ur applied for increase in pay of 50 cents per day, vrrlich Was referred to the Pinarce co,—=Ittee. A Pull r,lease from the Cameron Septic TanX conpany, reliev- ing t.:e City of Lodi from anp further claims for alle-ged infrin - _tMt of .._at companies patents, ,fated CY.icaoo, Ill., septembar 2nd, 1919, ;;as read and ordered filed. T_ e City 21ars_:alts report for the month or September was read a.�d ordar�d. filed. D. Pl. Aron .alt eras granted permission to move a garage from +13 5out sc ool . ire?t to +15 South School Street . The f:)1,jo*,virF, 1-:j1t imx pz?r=ItS 4:1Pre —anted: 70:1-n Zec1nmeister, dvrelling, lot 12, blocX 1, Willow Tract. To Ze,_=n:�ister, dvvelll _s, lot 12, blocs 2, Willow Tract. Paul Gerr_e , dvrelli ng, tot 10, 'lock 16, Bar rha: t Tract. Julius Y:[aler, lot 22, bloc -k 4-, Barnhart Tract. B.F. '?erxickso , dwelling, 332 Eden Street. Gus Ba timer, duelling, lot 3, block 1, East Lodi. F S. Ja::us, 31Aelling, lot 27, Barnhart Tract. A. aDavis, Zaraoe, 117 011ve Court. ,Ter -lie g rw.7e, 205 F�lbOr r . street Ba.r^y art Traot -i. S.y lark, add. t,, d.trelling, 21 south Eutchir4 Street. .*_Oro-.1... , ».... :0 Tre_ Ino, lot 1, b1001+'. 5 ,:Ei»:,t Lodi. .Plat Son, aoUl try Ouse , 201 SOUt-. llutC' Ir -S St . lo."= :f?pper, , ',louse, 221 Rusli Avenue. H. 3. 8tanrL•ni, d*qellln ;, lot 1, blocs 11, N. Church St. S.�l.Eop_:1ns,_for "e Board of Health, reportea there is cOm- plair_t of a aoultry yard in tin: ich 1000 Po�ils are. 'sept in the north- plaint ern part of tozn and also that the sanitary sawer3 ara Overflowing In the vicinity of the cannery an_, are offensive and a menace to h �_a1 �r:. T-te :!tat'''r of exter_din.g ;at'r mavlr. and 3e,vers to the district 30L t or :okay street, bet Ween Central Aver -Up- and Ci?erone a Lane, Was -afar_aa to the Public Utilities Cor=lttee. Tt: Ci`y Clerk's annual report for tho year ending Mune 30, 1919, waS read a-zil ordered filed, and the Cleri rrma instructed to rave tY?= san published and printed In pa=p lst for=. .i .,a 1 n.� bill r t n� .�e ^. vines been au- t::�, 1 a o��s s, a.�oa i._o to X570"0.07, ai+ten -P•' "in^.:�.:•: c0�.."'ittee, y'rer� alloyre'.� `rind ordered paid.