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Home My WebLink AboutResolutions - No. 11-05-1923b.4�'. M r+s ;+ IS3=1T=3 0? ^..ate SJU.MiII71A71arJ:tt1 -y0 SUCH iN �+Sv i:rD OF --occ— M V,S. the Board of ^rueteee of the City of soil. did on the 16th day of April. 1923, mes its 3esolution o2 Intention ITc. 62 for the immove nt of Stockton Avenue from the southeriy termination of the ;=resent pavement to the northcT17 1i:ae of Vine Street. in said City, ander and pursuant to the provisions of the "Improvement Act of 1917.", and amenfttente thereto, ,=d the., "Mirrovement Bond .pct of 1915", a --,I amendments thereto, Find to the revolutions. notices and other ;=a- ceedings of said City. duly adopted and taken. reference to mid resolu- tion of Intention being hereby expressly made For further particulars; and the contract for s=aid :nark and Improvement me drig awarded and there fter duly cesmacte d to the satisfaction of the Superin- tendent of streets of said City sad of said Boemd. whereupon a V arrant. Certificate, Dia,-zm and Aseseement voere mode, recorded and delivered to the Contractor. in time, form and rimer as required b,;- said tct. and the said Contractor having- made dere return thereon and the same having been dua,7 recorded; and ZSPZiS, on October 19th, 3.923, rand more than thiaty days froom the date of the Tarrant (no apperl having- been taken from saLd .'_seosemcnt) the Street SaperintwWant of a -id Cita made and filed uLth the Qe:rk of said Board, a e#aMlete list of all ne3sesomente unpaid t: ereaader upon the restive asseeweut or diagram numbers thereon, uherenpon said Clerk geife notice of the f9.3.ing; of said list and Mixed In said .:once Monday. -1- the 5th of �Io,7=ber, 192:5, (-:t .ch --mm is a r^-ra= r etina d.-_- of s^ia 2,3arl ), at t1.o ..our of ci bt o'clodh ?. ai. --c the time Caen intc=--ot- ed persona mi -3a _; = bcforr the ^,g r' of r=tcas and choir c=tucc bonds should not bo lo-ewd tz + the eAc=- It - of tho amaesemnto r1iow7n on ^nil list; nml it 10- .t t:ac call notice a 'hon in - last n--cr^s_^.id cr.c 24D:tod ^asst r Colichod Baa r:.c;uir: ct b.7 1w.7. CrA no objec- tions V's7�,^ been--ocen.'ed py ^n? ??GaSO V, bE1iOr^ or rt v o t -;o cot dor Slice the fili:z of last thcrc have been ,Mid ncseccmentc to the occ amount of `�; �,. with the consent of the Contractor, an follosro: the 0=3 o:L -2- .ssossmmt and Asomt of ?issea�nt Omer Rzw% m I'lumbur 123 ,Dollfars and Genic unkno a 13. 71.S.a . � i3tJ�73 15 44- 0 m it In ..erp. b;,' eiete7.'S^.laj o'-,.: -izze co: cntn w:3a-1:t hcam- 'kTl�? r awl t2.G n-^_":Cr-:nte motmts Of tfle sz iz .. ., 1,0110m.: .'Oscesment rill � mocnt of ' crc: mrnt Vic: 3o2? srs rrA Ccnts TMr,�o: PAI .25 li7�o;�u 9 38.62 16 U-! n 17 24_1.26 ^. ni0. 2v 482.52 24 26p5�,599 fin:=10"m .27 462252 Urim otwn 2.8 6"o42 the 0=3 o:L -2- �I u'�W-2 said ?esolntion of Intention. fisc : assaZsztian Ordering said ha rk to be done, the 3csolution of *,award of the Contract to said Contractor, and all other notices of said proceeding required to be printed, published or »osted, or printed aW published and -*steal, and also the Warrant issued by the Superintendent of Stroete to the: Con- tractor. contained a declaration as follows: - "Dotice is herebg given that serial bonds to ronrosent unml ici assessments and bear interest at the rate of seven per coat per annam still be Issued hereunder In the manager provided bg the "Immovement Bond Aot a` 1915", the last Install- ment of zhich bonds shall nature nine gears from the second da=y of July, nest succeeiing nine months from their date". =7 In consideration of the fore6oLnC promises. the Board of Trustees of the City of :,odi, does order an follow: SECTION 1. - That bonds sball be Leaned a mn the sccarity of the unpaid assessments to the amount of 3.339.00. in accordanoe 171th the provisions of the "Im avement Bond Act of 1918", and under end pur- suant to the resolutions, notices and proceedings of said Board, duly adopted and taken* Said bands shall be called "Improvement Bonds", shall be ten (10) in in r, shall be dated November 5th, 1923. and bear interest at the rate of seven per cent per annum from the 19th day of October, 1923, gamble January 2nd and, My 2nd of each tear, and the denomination of said bonds and the Interest cour_saas required to bo attach- ed thereto with their respective numbers and dates of maturity shall be an follows: Bond nonbered 1 eha11 mature Jtt].y 2nd, 1925, Shan be designated as Series DD -1 and shall be of the aencoinAtion of $333.90. Bond wagered 2 sW I mature July tad, 1926, shall bo designated as Series DD -2 and shall be of the denomination of $333.90. -3- Band numbered 3 eiiall Mtnre JU2Z 2n?, 1927, shall be ciosi,Mated as Series DD -3 and shall be of the denomination of $333.90. Boast? nutYbered 4 &-v:LI acture TrZ;f Pxt, 1925, shall be de vigrgxtesd as Series DD -4 and a ll be of the denomination of $333.90. Boni nunbered 5 shrill mature July tad, 1929, shal be designated as Series DD -5 Cmd, shI PI1 be oS the denomination of $333.90. Bond nm,!Wred 6 ahhall mature Jal,7 2nd, 1930, shall be desigmted as Series DD -6 and shral be at the denoniaattion of $333.90. Bond numbered 7 shall, mature July gni, 193x., shall be levigate d as Series DD -7 and. shai.l be of the denomination of $333.90. Boatel numbered. 8 ohall mature July 2nd, 1ME, ohall be deslenated as S-ariec ID -8 encs shall be of the denomination of $'333.90. Bond numbered 9 eha1 mature July , 1933, shall be dosi:,"ne-+ed as Series DD -9 and shall be of tits "denomination of. $333.90. 3ond numbered 30 shall nature July 2na. 2934, she -11 be designated as Series DD -10 and shall be of the denomination o3 $333.90. AM 1T 23 ORDMD: �At with respect to said bonds mat the first coupon to become payable on each al said bowls. shall be of the denomination of $28.18: and That each of the other coupons attache.1 thereto which will become payable - thereafter, shall be of tate do- nomi tion of 11.69. SECTION 2. - Said bondn Shall be issued in series, and the unpaid assessments as shoe on said list filed by the Superintendent of Streets and determined b;, the Board of-ruatees, together with interest thereon, shall remain sand eonctitute a trust fund for the re ; GMtion rand -4- ps.,-tisent of sAi3d bonen end of the interest : h1ch mal be doe thereon. rhich =paid asseea; wnta &X --Il be peTabl' a in annuz . series corresponding in number to the number of series of bonde is d, and an even annual pro- portion of each sesesement -heap be paynble in each year preceaing the date of the aaturit7 at each of the several series of bonds issued, and such smuaeal proportion of each aseess:aemt costing flue in any Tear, toCether Vi th the camaatl, int --rest thereon. sh:,11 in turn be neyuble in inastellwate as the mner-'al Municipal taxes of said City on real property are prsyable. and shall become delinquent at the same time and in the smo proportat aamotmte end bear the seeae ?sroportion-ate Tmnoltiee and Interest for delin- gUAWoy. Said Wade sha7.l be signed b7 the }9reseurer of said Cit7 and eounte:r- eiraed by the Ciexk. :the ahsa1 affix thereto the oaMci62 sera of said Cit7; and the interest ooapone attached thereto shall be sir3ssd by the Treasurer or beer his engraved or litho_vasphed suture; and sash signing and sealing of said bonds by said officers and signing of said con -,.ons b7 said Treasurer shw1 conetituto and, be sufficient and binding ereention of each and ever) one of said bonds end tall at the coupons thereof res_metive- ly. Sold bonds shah be sabutantially in the fo mm set forth in said "In- provemE}nt Bond het of 1835". The interest ooupon8 attached to enah of said bonds and avid-ene- iag the interest to acarus thereon shall be numbered consecutively and be substantiall.7 in tho 4ollov4ng Some, to -wit; Couroaz zro., The City of Lodi, California mill pay to the bearer hereof an tate 2nd day of 00 Of M My MWOurer. JMJLd SM a athe sewl t the i -e aml interest due on Improvement Bond Bo. of Series Pro, Dated; November Sth. 192x. 'reseurer. -b- "aid bonds md. all ocZ tho 1 : c=rest coupon: shall be claiad ZO-7ember 5t::, 1.223. S3CITIM S. - Said. bonds c'= -Il bJ 3.23s^_re' to Clark c". ^ener7 Construction Coap: v. `rune Contractor. hi cci3�zlcction a' tlw- brlrmce due said Contractor, upon Stu avaeumcut and warranto 2 --seed tho 5th da;r of lfovember, A. D. 2323, Iq the 2o22OL7-- ine votes: C - -6- eslAwlt R the 3o -d of Trusf;,W.