HomeMy WebLinkAboutResolutions - No. 03-07-1921b'WOM: OF COUPON
1, 0 426.25
On 19 tr.p City of
California, will pay to t b7zTer at the office
of the Treasurer of said city, or, at the Option of
the holder, at the fiscal agency of said city in tile
city and state of j;ew York, Twenty-six and 25/'100
Dollars IL gold coin of the United States, baine, int-
erest for six -,.ontils then, due on its, Trn_rovament Bond
X0. , dated 11arch 1, 1921.
Sec. 4, For t,,,e p=urpose of payin& the princi,al a., -d Interest
of said bonds, the Board of Trustees of t..e City of Lodi shall, at
the timao, of fixing t.1,.e general tax- levy provided, levy and collect
fou tae furl hereinafter provided for, air-.ually each year, until
said bonds are paid or until there shall be a sum In the treas—
ury of said city, set apatt for that purpose, sufficient to meet
all sums becominS due for the prinaipal and interest on said bonds,
a tax sufficient to pay t=ie am2ual interest on said bonds, and also
suc.- part of the nrirzizal thereof as shall becorap, due: before the time
for fixing the, next general tax levy. Said tax sl-lail be In addition
to ail other taxes levied for municipal purposes, and snall be col—
lected at the same time and In the same manner as other municipal
taxes are collected, and as collected shall forthwith be paid into
the fund for *vvhich the same was levied and collected. Such fund
shall be aesier-ated 61 Bond Interest and Redemption Fund,19210and
all sums, to become due for t principal and Interest on said bonds,
shall be paid from such fund,
Sec.5. The President of the Board or Trustees and the Treas-
urer are hereby authorized and directed to fill in the blank spaces
Ir- said bonds in accordance with this resolution and to sign all
said bonds on behalf of said city, and the city clerk is..autnor—
izea to counterii6zi the same and to affix the city's seal thereto.
Sec.6. rhe Board —f Trustees may s all said bonds at such
times a.,.d In such amounts: as It -t;ay deterLUne, arid the proceeds arising SM
from a:;y such sale shall be placed In the treasury to the credit of
t 01nn
Lrovernert Construction Fund", which fund is -'aereby created;
and such proceeds shall be used exclusively for the purposes for which
the bonds were authorized a:4 Issued.
T
."ie fore6cjin6 resolution was adopted by the following vote.—
Ayes. Trustees, Hickok, aicL, cruse, sale and ko=.gomery-
Noes: Trustees None.
.Absez:t: Trustees None.
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Trustee ::ale, seconded by Trustee j-_-JckoZ, moved that the board
pass Resolution No.125:
ILESDLUTION 1-0.12,5-
R7—SOZITED, that sealed bids for the purchase of improvement
bonds of the City of Lodi, authorized to be Issued at an election
1, tide amount
leld in said city on the 15th. (lay of February, 1921, to t!
of 4200,000.00, or so much thereof as tr-e Board of Trustees shall
deem It necessary to dispose of , will be received on 2=.day the
21st. day of :::arch, A.D.1921.
Bids shall be addressed to the City Clerk, endorsed "Proposals
for t.ae Purchase of Bonds", and each proposal shall be accompanied
by a certified check to the amount of 10?j of t=ie amount bid cond—
itioned t, -.at the purcinaser will take andpayfu_- any and all bonds
that may be sold and awarded to him, otherwise to be forfeited to
and become the property of the city .;;f Lodi, provided that no cart—
=fled check read 1:"
1_rn-Lshad by the State of California.
Mue City Cleric Is, hereby directed to publish, -for one week,
a notice of such sale In the Lodi Sentinel, a tri—weekly newspaper
of 6eneral circulation, published In said City of Lodi. :,aid notice
shall contain a descri"otlon of ti bo:jda to be sold Z,:, -d a statement
that the TI&Ilt to resect ary a --.d all bids Is reserved by the Board
Of TrUStt-PS.
l: a foredoir; resolution U 0.125) -das adopted by the followir;&
vote, t, Brit: .
Ayes:- Trustees, Eale, Hickok, Crose, Rica alid ,uontcomery.
i+0e8:- Trustees, :Done.
Absent:- Truateea, None.
Or 31 al .e iyo.11$, _aving been corracted by the City Attorney
as to ae*reral typocap::i,.al errors noted in a previous, raadi:k;, ,gas
given a second reading:
ORDLITA CE No.118.
niY OR.DIj�A;CE PRO IBITING IN Ti--- CITY OF LODI, T7 SALE, GIFT,
STO,'iAGs„ ;,A_iU:. CT RB, TRAL SPORTATION , WLAWFUL POSSESSION, .
ZUPORTATION, OR F;XPORTATIOti OF I_vTOXICATING LIr•UORS FOR BZV-
Ez-u1GE PURPOSES-; REG7_ATI1TG ALL OSHBA T.-uUFIC Lv SUCH LIQUORS;
,U;D PROVIDING PE?;ALTIES FOR VIOLATION HEREON.
After dISCUSaion by membara of t_ a board and others, 17. vias
moved by Trustee Rica seconded by Trustee Hiciok that this matter
be !: id over for two Weeks and by order o: the majority Of t'r_e
ooa_d, this action was tauten.
Dr.S.-W-Hopxins, City health Officer, appealed in the matter
of standard metal receptacles fort
:e frarind of an Ord-
iiu3lhCd eiubOdy1nv SUCK 3peciflci.tians ;rc^.3 referred t0 the City Atuty.
On reco,!.,:endation of Supt.3er:iiing, it i4s decided not to
enter into a contract for transformers submitted by the General'
Electric Company.
The report of City Engineer 3arzelloti coizerring projositioia
-of the Southern Pacific Company in re&pxd to the paving of Main
Street vrheraby tt e city, in return for a twelve foot strip along;
the east edge of !.aia St. from Elm to Walnut St. , the city would
a;sslame the payment of the rail roads assessment for the improve-
ment Of t1nat past Of :,lain St., was heard and as tlis, action was
deemea impracticable, no action :vas taken.
On l::otion of Trustee gals, seconded by Trustee Crose, bills
to the aaourt of Y5728.87 were ordered paid.
,.o rurt!ier business ajji;ear1n& t2?8 board aajourrad at 10.30 P.ii.
// City' C1erX.