Ordinance No. 349
O:IDnL"'-:~C;~~ 110. ? .t/r:
S:;', ~~
AN ORDIRb2:ICB P:WVIDIHG ~'C;~t ~;_~ L~'0UL:G Oi!' 1!'OUR
HUHDR2D 1":1D }i'H",rY-]j'IV.,2; THOU;.)l>.;:}) DOT,J..A.,Rd OF \VATER
';iO.RZ;j IL:.f ~O'I::;~T..:3?JT BOND:::' L.i~D ~IF'llEDlT C:llOUSAND D01~-
:L1~~~S OF l'I}1:2 J,LLRM n:.2~--:QVB:::lir~ 30!:D,:). OF TFJ.!-:: CITY
OF V~~PlWN. CALIFORNIA.
'./E~~Rl~:..,:3, the Hoard of l\r:lstees of t'ne City of Vernon,
CalifoTIlial at itn ~eeting held on the 21st day of January, 1925,
by a vote of two-thirds of all its m.embers, duly passed and adopt-
ed a resolution deter~ining that the public interest and necessity
derrHllV~ed the ac(.:.ui~~it.ion 0:1 said City of Vernon of the following
irlllJlicbJal ir.l9rovements. to-ni t:
The acc;.u:Ls.L .,lOtl of' lan5. and 1'i - nts-of-way 8J.id all
9roperty 8;lCl r;'.atcl'ials flroper 'JY C0.i~Vellient for, and to defray all
ot'ler cost;,; i)f, cOllstrLLCting, ir:::.i)ro\~ing and oQerntinp; wells and
reservoirs for producing aHd cOL;:;erving water, and all pumps,
motors, mains, pipes, Deters, 9.Ed, all Qrof)erty and materials
-~nOfler or cO}lveniellt -for, and to defray all other costs of, dis-
tributing, sellini=' and -13ing water ior iire and domQstic purposes,
(llerea~'tor called t:~a "",';'ater \'/01'1:.8 ImiJ!'oveI!1ent"); ana that the
estin:ated costo.:L said mw-licifla] imflrovor;-:ent above stated was Four
Rlmdred and fifty-five ThlJus"Uld Dollars (~)455,OOO.\_}Q), and that
8uch cost ~.iaS, and will be, too :;reat to be paid out of the ordinary
annual income and rCV0]11lS of saH city; and
The acquisition, construction and completion of extensions
in the Elxisting fire alarm system in said city, ana all property,
materials and labor proper or cO;lvenient there:for, (hereafter ce.lled
the lIFire Alarm Inrprovement"); nnCi that the estir:l.ated cost of suid
rnnnicipal improvomoDt ebove st-3tsd wasli1ifteen Thousand Dollars
(~~]!),:jOO.:;O), and th'lt :~ucb CO:3t ViaS, and will be, too grent to be
uaid O'~lt of t 'e ordiw:.r~,r Bnl1UI1J income and rovenne of said cit~l; and
i.::a':;~,;.0, said Resolution ...vas BjJQroved 1..1;;- the executive of
-1-
said city, to-wit, the'2resident of said Board of Trustees, on said
21st day of Ja...T1u:"I.r;':l. 1925, at sa:ld meeting of said \~()ard of Trustees,
and was duly posted for the tim8 ::1..11d in the manner prescribed by law;
and
,IHgRl1~;~, t'1e Board of ~l'ustees of tTle Oi ty of Vernon at its
meeting on the 10th dny of February. 1925, by a vote of two-thirds of
,'111 its members, dul~/o3.ssed f111Q adopted an orClinance calling a
s?ecial e:Lection and suomittinF; ""::0 the \~Lllllified voters of said city
the propo::>1.tion of incurring a bonded debt in the sum of Four Hundred
Fifty-fi va r.:'housand Dollars (~~455 I ~)OO .00) fo r l1aid water 1,~O rks im-
proveme:nt; and the 91'Oposi tJ,on of incurring a bonded debt in the Sum
o f j~ if teen Thousand Dollars ($15.000.00) fa r said f'ire alarm im.p rove-
rr:ent, aHd said ordinance vms a.9'pl'ol,~6d by the executive of said ci1{y t
to-wi t, t'::e :President of t:ij6 Bocn:,d OI' 'j:rul::3tees, on SRid lOth da I of
February, 1925, ~i.Dd snid Urdinanoe was t:r.ereupon duly posted 1"01' the
time t'illd in the manner prescribed by law; and
',tE3J.EAd, such Bye cial election was dUl,V held on the 27th
dB.Y of Febr'l31'Y, 1<)25, as provided OJr said ordinance calling the
59-me, and lJY law fo r holding mlmioipal elections in said Ci t~T; and
the proposition ()f incurring a bonded indebted~less of .E'aur Hnndred
E'ifty-fi ve C:housnnd Dollars (:)455,,000.00) for t':1Q said vmter works
improvemeEt, and t~)e propos1 t.i.on of incurring a bonded indebtedlless
07 Fifteen Thau.Sf.llld Dollf:l..rs (~~15,[):JG.OO) for said :rire alarm irnprove-
eael!
ment'/l,received more than two-trlird.s of the yotes of nIl the voters
vJting at such special election, aHd
:lli?':"~A.:J, all and singula.:r tIle provisions of the Act of the
LegiSlature of' tfJ.e :ltate of California, entitled 'lAn 1.I.ct authorizing
tIle inc'lrr1ng of indebtedness by uitics, towns and municipal corpora-
tions for IT,unicipnl iC!flroveii;ents, :j.nd ref;'ulating t~~e aCQuisition,
cOHstruction or con.Jplction theren:;:, TI w!1ich becanle a law Febrnar;y 25,
1001, and t--:e lal:\!" a:A ordina:";ceG n:2 said City ~:lave been fully com-
plied ,'.'1 th, so ,9.8 to authorize the issue ')f said !Jonds.
-i;-
IW';'i, rr8R23"OE'::~. the Board of Trustees of t;l€1 City of Vernon
do ordain as follows:
That bonds of the said City of Vernon, in
Section 1.
the sum U1' Four liundred -,31iftJ,,-fiv9 Thou.S8.n,d Dollars ($456,000.00) be
i:::;sued in accordance ':_1 t'1. tt-:8 provisions of said ab,)ve bcntioned Act
ot" tlle IJeg-islature of tile otate I):f California, for t::le said water
v-,'Orks improvement; and that bonds oj:- the said City of \ernon, in the
sum of i:'if'teen rrhousand DollarD (:~15, vOO .uO) be issued in accordance
with t)16 provisions of said Act, "f,'lr t'lEl said fire alarm improvement;
that Baid water works improv6r;,ent oO'lds o11all be five hU11dred (500) in
nU1l".ber, and :E'our hundred and fifty (450) thereof shall be of the
denomination of One ~h-:JUSS.llld Dollars (~~l, QuO .00 ) eCich, and fift~l (50)
thereof shall be of '.;['18 denominati.on of Ona Hundred Dolh.;.rs (;~n'~!O.80)
es.ehj t'lat said ::'ire "!lan", im9r07l~1',ent bO~lc1s ;:;;18.J.1 be OIle hundred
~olnd flit:r (1;')0) in number, of' tile denomlnaticn of One Hundred DollSlrs
('\lOO."O) each. T;16 9rinci981 ,'~..lld interest on said bonds, of both
tines, s'~all be Q[t./Rble in .L3.'\'lful money UJ. ., c United..>tates.
";?le,! ,o;-tal1 ')8 ~lated Karoh 1st, 1925, sud bear interest at
;-',,:: ro.;.':.:.e O~; J);; to i)~((;eed six ;;8]' oellL (G)) .)el' ::nnum, t:la~-able ~-;eCli-
"j,!l:}'Wll,y, '-)11 V.C :E'Jl'c:it dt: of .jQ,)~tO!r:ber c.c:-d t i8 i'iN't d~',J of LIl:r<ch
(l:i:" e:;t.ct1 :,~enr.
,)o..id_ l'ive :'lu.ndl'cd (500: \'{:j.ter vrW][G :;'L,~Jl'OVeLient oo~~c1s ~.:;hall
b,:;: iHl~, s.L.:.e _in t-_t:! follo':?i;^IJ; ,;,anner:
Siftoen (IR:: ,~!r 8'~,3. v,m~;er ~..,r;Jr",.s l::':1.>rov(';I";e~,t (IOEO-S, o~' t'le
d(nl.~r.'.i: 9.ti
1);:",;18 r~1:1:!USi;,ul Dr)l] :'L1: ~ r .)1, OOU .~)O) each I sf-all be (laid
OIl the ::irst
'I,,,
--''''.
of :L:arch, 19~;j5,
~ld iifteen (15) of said water
'H01."_~:S L;,p rOVeJ:ient D(;!iC', d, ) r '~1(~ (' ~,] (jr-Jjl'~,:ti:::'n of One Tnollsand Dol1aro
("1 '''"'0 '0'
i;! . ..."~' . -' i
e'::;'O}i,
011 t:10 :['jyct dE.~ of l'::srch of each ;<ear
C;'](,)1'eofter,
3 o\'m ~..o '3.1id inclrul.in
'j :::ir::.::t d<":/ of l:arch, 1964. One of 8C?,it1.
v:ntr:T l,",lllrlG3 lli;9::'ov':;;'::G':t r\n:lcl.S, o:i' -~. (: c1eTlOmil:.gtim of One :::IuJlared
ii,~)ll0..r (,~J. J. u), 1::~;~2Jl 1.1(;
1..'_L .' ""-;,.0 ~ i .'1; t d
'JJ' :,:9.rc'h, IJ;SE,.
'~:Jd_ 'Jnc
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.,
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r..::', tc :~'
-"1' ':3 1 .,:-'YCI1,.'(!,;-el.t (.I:-F1(o,
of ;':'18 u_snamt 6.-
tio',. of O"~IJ ~~n:.!.dreQ .DoJ.lo.:rs (,,?,_UC.,._O) on tOle 'fln,t 51J.:' of l.i:a:rch 'JI
eaC:l "C~~l' -'w e9-!~~er :Y'!l -!.fa 'ln0 iLCll1,~'in;:: t"lC :-'il'st do__/ \)1' ~::arcb,
-0-
1944. Two (2) of' said water \"orks i.mproveruent Donds, of the denomina-
tion of One Hundred Dollers ($100.00) eech, snell bs paid on the first
da~r of rLarch, 1945, and two (2) of said v..rater '1lv'or}::s it:~provement bonds,
of the denomination of One Hundred Dollars ($100.00) each, on the
first day of 1':arch of each yeaI' therea.fter, dD\'m to and including the
first daJ of 1:arch, 1964, at the City Treasury of said Ci ty of Vernon,
together with the interest on all Su.ms unpaid at such d.ate.
Said one hundTed and fift~c (150) fire alarm improvement
bonds shall be pe~~ble in the mamIer following:
Three (3) of said 1'ire alam i:r.provement bonds shall be
9aid on the first day of llaroh, 1926, and thres (3) of said fire
alarm ir:provement b011ds on the first da~,' of March of eaci:1 ileal' there-
after, down to and including the first d!lJ" of Maroh, 1935. ~our (4)
of said fire 3-1a.rm im9rovement bonde Bhall be paid on tl1e first day
of J..:arch. 1936, and four (4) of said fire alarm improvement bonds on
t~e first day of t::arch of each year therellf"ter down to and including
t~e first day of March, 1965, at t~e City Treasury of said City of
Vernon, together with the interest~n all sums unpaid at such date.
Saia bonds ~hall be substantially in the following form, to.
wit:
No.
UNITED jTAT3S OF ~~3ICA
~Y;A~~ OJ' C1i.1IFC?JII.b.,
GITY CF Vi:.:3.1:Wn.
Water Works Improve~ent Bond
(Or Fire Alarm Improvement BOna, as che case may be.)
$
.
Vernon,
california, March 1, 1925.
On t1,.18 1st cay of 1,~aIch, _________(year of r.1aturity), the
Ci t~ of Vf-!rnon will pa~7 to the bearer at tile D~':,c-ice of the City
Treasurer oi' t':1e Cit;l at. Vernon, in t~-:e Count:J of I..I03 ...:'.,113'e1es, State of
Co,lifornia, t €I :-';UT.'l of
~o:I~1,Jr8, viith interel;;t at 'tne rate
of r)0T cer_,t ger cumum, pR,jabJ.,;:! semi-annllall;yc on the 1st da;y~ of
-4-
Coun tersigl1ed by
Treasurer of the City of Vernon.
Cit;-r Clerk of 'the Cit;y- of ~v"'ernon.
(Seal) .
That interest coupons shall be attacheQ to each of said
fi YB 1-11mdred vister works ir::provcDer:t borlds &J1Q one hundred and
fifty fire alarm improvei:.ent bonds, represent ing each insta.llment
of interest to flccrue on such bonds up to the i::aturi t~l thereof,
which said interest coupons 8:1.5.11 be substantially o.s follows:
On t~le 1st dn::,' of (month ui maturi tyl
(year of F,',.qt:ni.ty), the City of 'Terr...on promises to pa~,: the bearer,
at the office OI t:le Ci tjl Treasurer of the Oi ty of Vernon, the sum
~ of (amount Jf interest) in lawful mone;y of the United .3tates, the
semi-annual interest due on Water '''/orks Ir:-.provoment Bond (or tTFire
iI.19:rIT~ Imp:rovemel:t Bond". as the case ma,! be) No. (no. of bond to
which COll()On is attacbed).
Treasurer of t~e City of Vernon.
Section 2.
That the :res1dent of tile Bo ard of
Trustees of the City of Vernon, beiEV t-(16 exec"Ltive of the
municipality, and t~e City Treasurer of said City are hereby
aU".::lorized anc. directed to sign all t-ne 'bonds herein provided for,
and t:~e City Gler:;( is "~ere-o~T e".ltl1orized and directed to counterSign
t~e same and to affix the corpor~te ~cal of the City of Vernon
thereto, and tr.e Git:'/ Treasurer Jr' !;laid C1 ty is hereby authorized
aIl'i directed ~o s1 n t~1e interest CQtc90ns ;J:[ said bonds, and said
boncis s18.11be deli vered by 58_lel Cit:.' Clerk tu said City Treaslcrer
in such amoun tij as t'1e Board of Trllst.ees of said City may from
time to time deterr,.ine.
~ection 3.
Ti1at for the purpose of pa~ling t':le }rlnci-
pal and Llterest on such bond:::;, --.'18 :Board of Trustees of said Cit~T
-6-
shall, at t;i::8 ti;ne ,):f :t'ixing t'le ~.::uj,ll:;r;:d t..'iX :'ev:,v', and in t~^'e r;j[-m-
~ler ;-01' ,,'~chse'lel":tl tax lev;)! :n0Yn(~ed, lev:I ai,(~ ,~ollect a.nnually.
8::,(::1 ear until saie "O)':ds are :jaid_ :.'1' u.l1til t~18Ie 0'3:').'3.11 lle a sum
in ~-G c: ~~re~)8'}ry )
L:~; j, -~i C:,'y', set ~\')8ytfor t1atpurpo Be l sufficic'n t
to _..eo":; all 8:ms co'(in;~ :iue for pr:.n,::;iQ9.1 8.lJ.6.. Literest on such oonds,
a t'3.X suf'fit.Jient to ~J.'l
t'IC -;t'mu3J interest 'J":l :~UCf1 bonds, 3.no. eJ. .)
S\lCn. ,art D1 1.;"e )rinc:ii,JD.l t"ereof ;l..~:: ~'-:!lall becol!:e 'Ju.e before ~ e
tiJ;l8 "01' fixL~g t:le >Toxt gcnc1'nl tH:~ 1eV";/.
_laid tax shall oe in a6d..:l011 to ~ll atrier tuxes levied
'::'OT l~jUllici.9al J;FJ.ryo::oe::::, iJ.nd s-',n.l~_ rH, collected ..t t'H:l ,;bme tirr,e and
in ~~ f:; 8,\...8 ;.d.ll.,;sr ~l;,s ).~.:.er Y;llUlicil)!l:~ te;~es S,1'e collected, L..md be
'JoeCi. (01: ,J (,t(~er ;),1l<',;O..~8 t"(lc;Yl t e jJ:'_",::[:;f,j ~t uf 8 id. bond~ 3.no accru-
ir; LllteI88t.
Jection 4.
The 9rocea'~ 01 t'le d~'JO of Geld water
','ior s .iL' 9rO ',~8~.,en t bor~Ct ~_j "3..~ld 'yf 88_ic. fire ~il!j_rrr, i:.,pro VC;l;:-:(;~.~ t bonds
2:';.'}1~ '::;0 )lD_ccd in ~>1f;,~itJ Treasury to t']e credit, res;?8ctivel;l.
0~
Cu.rl','~; ':,0
;~LO : L
T ~r~e
,ia~er ,iurLs Im~JroveLc t~iond }i'UIldll 8.ild
'I~j-~e j'ire ~:"l8.rrL I::,jro't(: \3:1-1: 30nd F1UlQ'I, ':Lnd t<,~ dU_S ;";>'-1.11 to n~)-
pliE:,d e:u~l;.~.c:in;l; :::)1' ,. e i?lcr!?oce~; .j;-e, ,)b:ject::; ,,;JH)Y8
.:ntiOllcd .in
this Ur3ii';;ll'ce.
.jecti\n1 5.
:'>16 Ci t;y' G~~I;.rk ,::ball certif~r to t'-:e paLlS'!.:8
i) ~
,.iY']ll-,..'.'X!oet 8.))C: .:h8l1 C'l,J8e
:8 ;.~e to be po stud for t~8
time "j,~n in -:;;16 msnmer vrescri"i16d 1i; Jill'" 'lnd t:,ereupone.nd t~Te:re-
s.fter tIlt": sanj,6 3~~s.11 be in full -2o)'(~e ':.nd efioct.
~...:-'i :~) ~)"!;cd
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G I 't:' _:-~1 "r::.:.:u.rox.
of Vernon,
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d 6-' 'l ere b;:,r certifz,'
, Ci t;.,- Cler~~ of t-'~e city
t"r:at t~1e fore ~'oing l)rdillftllCe was C\Ul~l
f~:'Jse(l '0:" t ,,0 "' ,s-r.} of T1"}stees of >18 Gi t;JT of Vernon, jtate of
::-=._1 L:fo rnic. , ~_-:~lCl :1}~n(p,cd. b~l L:.A Fre:Jid.8Tlt "t' said 3oa.rCl ct 2. re-::uL3r
r::eetil1G ~..ere;::1f :-:.e10. on the ..l.O _,__~_ d'~y of -~.(J~
1'J2:J,
-}.J_~O_ t.~:. .,;<0 ,:o';'L8 1';~4,Z ;)'';'8 e, b;;r 1;~~!; :f:"o 11 0 '.7i1'1<_; vote l to-VIi t~
1;;.-.. e;3: cL- ". j / .
r>C ,~i'."'~ ""..(/~
L~ /r;...~."'1/~
Hoes: L,~__ f
/~~
rl.b~;('}'lt: ~
E~ .If~I,'~,,_.'.J
...;;;,?::~C:;<. I -,_8.1:':: ',l(.Jr8unto set [[;~,' ?~a~ld and 2.i'fix:ed
the s8~;il 0:;:' t'~1J Ci t~,'Jf Vc:cnol1, C~Ufar2!iB.t this ~[;!.-. d;-"j,,)f
~d"'-
.
~,-'
1925.
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. /<0/" '/';":;1;'-
~i tri," Cl erl: of. r}O Ci t~i of Ye 1'11 on ,
0''':'lito-rnia.
(,)0'11;' .
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