Ordinance No. 310
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ORDINANCE NO.
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An ORDINAnC? ~ROV!nINC ~OR TR7. ISSUING OF BONDS OF THE CITY OF
'T.lRNON, CALIFOlUI B, AS FOLLO'VS:
FIRST, $60C,OOO. FOR THE ACQUI3I~ION OF LANDS ,AND TIlE
CONSTRUCTION, INSTA;~ATION AND COM?LETION OF A WATER WORKS
SYBTEM TO SUPPLY AND DISTRIBUTE, AN]) PLANTS lIND MACHINERY
TO APPLY WATER FOil PROTECTION AClINST FIRE IN THE CITY OF
VERNON;
SECOND: $25,000, FOR THF, CON~TRUCTION, INSTA~TION AND
COMl'LETION 1Ill!' A "1:?.13 ALARM SYSTEM IN Tim CITY OF VJ<C2NON.
-..-000....--
WHEREAS, Th8 Board of Trustees of the City of Vernon, i
Gel i fo:rnif'_ t At l'J reguler me at lng the reo f t held on the 29 th day I
of March, 1~23, by 8 vote of two-thirds of ell its members, '
duly passad and adopted a Resolution determining that the publik
interest and neceaslty a~mend the ~cqui8ition. construction, ani
completion by the soid City of Vernon of the following muntcl- I
pal 1m9rovements, to wit:
First: The ocqui.ition of lands and the digging,
drilling, construction end completion of' wells. reservotrs"
atand.pipes, tanks, mains, pipelines, pumping stations, pumpingi
plants, machinery and etluipment, fire houses and fire engines .
and equipment, and all other works, pro.perty or structures
neoessAry or p~oper for 8 water works system fo~ supplying, I
distributing snd app~ying wstsr for ths proteotion of said oity:
and 1 ts 1nhB'Di tents f'rom fire. end the incurring of other :
expenses incidental thereto or arising therefrom; and,
Seoond: The ecqQlsitlon, construction and complstion
of 8 fire alarm system Bnd all works, propert;y or structures
necessary or :oroper therefor, and the incurring of other
expenses incident",l thereto Or Arising therefrom; and,
WHEREAS, the estimated cost of the first of' seid
munioipel improvements abo~ stat d wes $600,000., and tp-e
estimAted cost of the:econd of said municipal lml)rovernentB
above stRted wes $2E.OOO.j end, -
WHEHEAS, said estimetsd cost of said municipal
improvements, and eech of them, wes, end will be too great to
be paid out ot the ordinary ennuel inoome and revenue of setd
01 ty; and,
WHER~AS, seid resa1 ution was 8 r:rp~oved by the
E:.ecutive of Baid city, to wit, the President o'f setd Board 01
Truatees, on said 29th day of March. 1923; and,
"liH~.REAS, the Board of Trustees of said City- of' V",rnon,
at.. regular meeting thereof held on the 18th dAY of April,
1923, by 8 vote of' two.thirds of ell its members, duly passed
and 8dopted an Ordinance calling s special election and
submitting to the qU8.11f'ird votere of said ('.ity the following
propositions set forth in Bald Resolutcon:
FIrst: The propos ition of incurring s bOnded debt
in the sum of $500,000. for the acquisition of lends and the
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dflY of July, lCj24; end ~en of said water works improve-ment bonds
of the dE"'nomination of :.,:.1,000. each, five of Sll31d WP.iter works
1mlJrovewent bonds and one of said fire alarm improvement bonds i
of'the denomination of $500. each and onecf seid fire alarm i
i~prcvement bonds of the denomination of ~125. shell be p~i~ on
the Same day end dflte 0 f esch end e very year there-after 8 t the I
offioe of the City Treasurer of eeld City of Vernon until ell qf
said bonds have beeon p9i6, together- with interest thf'reon to I
said date.
Said bonds shall be BuDstsntielly in the ~llowing
'form, to wit:
No.
ID1ITED STATES OF AMERICA
Stete of Cal ifornla
City 0 f Ve rnon
A TER WORKS IMPROVEMENT 1l0ND
(or Fire Alarm Improvement
Bond. as th~ caSe may be)
$
Vernon, California. July 1. 1923.
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On the 1st day of July, A. D. (ysar 0' maturity). the i
City of Vernon will psy to the bearer at the office of the CitYI
Tre:l:)surpr of the City of Vernon, in the County o'f Los .AngelAs,
sta te of California, the sum of
DOllars, with interest at the rata of
per oent per annum, payeble semi-annually, on t~ let &By of
Januery and tha l.t day of July of each year. as ep,'ci!led in I
the intereat coupons hereto attached, at the office of the City!
Treasurer, upon the presentation and surrender 01 ssld interest;
coupons. Principal 8Ild interest paysble in lewfu1 money of the
United states.
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This bond isiasued in pursu!>noe of' the provisions of
en Act of the Legislature of the State of Cslifornla. entitlad:
I1An Act authorizing the incurring of indebtedness by citles,
towns, and munio1."sl corporr:tions for municipel ilIlprOVeID~mts,
end regulating the acquisition. constrnc.tion. or aomplet1on
thereof". which became a Is'," February 25t 1901, together with
all amendments thereto.
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IT IS FUm'I!ER CERTIFTh'D that all the requirements of
the Constitution snd laws of said stste and of tho Ordinsncss of
the City of Yernon for theissuing o! this bond have been fUlly
complied with by the proper officers; that this iasue of ~'"'cnds
haB been duly euthorized by the votes of two-thirds of all the
voters voting at 8 Spl?c1el el~ct1on duly and regularly c.I311ed
end held in said city On the 10th day of Mey. 1923. and the t the
total amount of thIs Issue, together wi th aU indebtadness of
seid city, dOeS not in the sggregste exceed :fi:fteen per cent. ot
the eseeseed velue of ell the re~l snd personal property of the
seid City of Ver- on, nOr does it exceed the limit prescribed by
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col1f!ct annually, eech year untiJ 881d bonds are paid, or Wlti1i
there ShB n be B Bum in the Treasury of said city, set epe.rt
for that purpose, sufficient to m~'et ell sume coming due for
principel and int(rest on such bonds, 8 tax guffi~ient to pay
the snnual Interest on such bonde. and also such p.rt of the
principal thereot os sh.ll become due before the tllOO for
fixing the next gene reI tax l~vy.
Said tax shall be in addition to all other texee
levied for municipsl purpose.. snd shall bs ccllected at the
same time end in the same manner as othermuniclpal tS.Xf'S arl'J
oolleoted, snd msy be ueed for no other purpose than the
payment of said bonda and accruing intereet.
Section 4. The proceeda of the sele of said wster
worka improvement bonde end of ssid tire slarm improvement
bonds shall be plsced in the City TraasllrJJ to the crsdit,
respectively. 01' funds to be known respectively a8 the weter
works improvement bond tund end the fire slarm improvement
bond fund; and the moneys in escb of asid fWlds. res'Pectiv~.
shall be e"pU.-.d exolusively for the pllrposes and objeots
above mentioned in thia Ordinance for which such we ter works
improvement bonds and asid fire alarm improvement bondS, re-
spectively, were eo authorized to be issued, and satd in-
debtedness of $500,000. Bnd ~;25,OOO.. respectively, were
incurred, as afol'eseid.
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Seotion 5. The City Clerk .hell certity to the
pacsage and adoption Of this Ordinanoe by s vote of two-
thirds of ell the members of the Board of Trustees of seid
City, end ltB .~provel by the P~esid.nt of said Bosrd. end
Bhall oSllse se id Ordinance to be poeted ( there bsing no
newspaper published and circulated in the City of Vernon) in
tr_ree publl C places in seid City of Vernon. to wi t" in front
of the C1 ty Hen. and a t the c orner of Thirty-seven th Stree t
8nd Sents 1!~e Avenue, end at the corner of Thi:t'ty-elB:hth
street ~nd Santa Fe Avenue. Thereupon and thereafter it
shen take effect and be in fllll force. ~
.J. /
I!. Ado-p ted end approved this ~ -- day of ,
192~
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Pre t of the Boar
0:1'/ ityofVE'rnon,C81
ATTEST:
v~*~ of Vsrnon;-
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STATE OF C.UIFOB!lIA,
COUNTY OF LOS ANGELES,
CITY OF VERNON.
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38.
I, T. .T. FURLONG, City Clerk 01' the City of
Vernon, do hAreb~ certify that the whole number ot mAmbers
of the Board of !rustees of thA City of VArnon is five,. end
that the f'oregotng ordiwmCfl was p9ssed end adopted by e vote
of two~ Its members end enproved by the pres1tP~t.
of said d at B rE'gul"r meetir:.g thereof held on the _
dAY 01: , lr;12 -4..-1 end that the samf! wee
p?3ssed y e o.owing vote to to wit: 'lL'
"0 ~ ~~v.~
Ayes: ~U'.',~, .
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Absent:
IN WITN(~SS "NHEREOF, I hsve hereunto set my hand
end offlxed the se4 g,f the City of vernou!,jCe1iforniB, this
fJ df-lY of ~-; ~1 J l~~
( SE.U)
C i t~ e
Vernon,
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