Ordinance No. 646
ORDINANCE NO. t t.I. b
AN ORDINANCE PROVIDING FOR THE ISSUANCE OF BONDS
OF THl1; CITY OF VERNON, STATE OF CALIFORNIA, IN THE SUM
OF TWO HUNDRED SIXTY THOUSAND DOLLARS ($260,000.00)
FOR THE PUR}OSE OF liCQUIRING, CONSTRUCTING AND CONPLErrING
A CERTAIN REVENUE-PRODUCING MUNICIP~~L IMPROVEMENT, TO-l-JIT:
WATERWORKS FOR SUPPLYING SAID CPI'Y AND ITS INHABI1Ih.Nl1S
WITH WATER, INCLG'DING THE ACQUISITION AND C01~STRUC'I'ION
OF WATER MAINS, CONDUITS, WELLS, PUMPING PLANTS, Pill'IPS,
TANKS, AND ALL OTHER WORKS NECESSARY 'rHEREFOR.
WHEREAS, the City Council of the City of Vernon,
California, at an adjourned regular meeting held June 25,
1946, by a vote of more than two-thirds of its members, duly
passed and adopted a resolution determining that the public
interest and necessity demand the acquisition, construction
and completion of a certain revenue-producing municipal
improvement, to-wit: waterworks for supplying said city and
its inhabitants with water, including the acquisition and
construction of water mains, conduits, wells, pumping plants,
pumps, tanks, and all other works necessary therefor; and
WHEREAS, said resolution was duly signed by the
Mayor of said City, and duly attested by the City Clerk
thereof, on the said 25th day of June, 1946, and entered in
the Book of Resolutions of said City, and a minute of the
passage and adoption thereof made on the minutes of the
meeting at which the same was passed and adopted, and
WHEREAS, on the 9th day of JUly, 1946, the City
Council of the said city, at a regular adjourned meeting,
by a two-thirds vote of its members, duly passed and adopted
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an ordinance calling a Special Election to be held in said
city on the 30th day of July, 1946, for the purpose of sub-
mitting to the qualified voters of said city, the proposition
of incurring an indebtedness and issuing bonds of said city
in the sum of Two Hundred Sixty Thousand Dollars ($260,000.00)
for the purpose of the acquisition, construction and comple-
tion of a certain revenue-producing municipal improvement,
to-wi t: waterworks. for supplying said ci ty and its inhabi-
tants with water, including the acquisition and construction
of water mains, conduits, wells, pumping plants, pumps, tanks,
and all other works necessary therefor, which said ordinance
was approved by the Executive of said city, to-wit: the
Mayor, thereof, on the 9th day of July, 1946, and was duly
posted in said city on the 9th day of July, 1946, and for two
succeeding weeks thereafter, in three public places in the
City of Vernon, to-wit: at the entrance to the City Hall of
the City of Vernon, 4305 Santa Fe Avenue; at the Northwest
corner of 38th Street and Santa Fe .Avenue; and at the North-
west corner of 37th Street and Santa Fe Avenue, and
WHEREAS, said election was held on the 30th day of
July, 1946, as provided for by said ordinance calling said
election and by law for holding municipal elections in said
city, and the proposition of incurring the bonded debt,
hereinbefore mentioned, received more than two-thirds of
the votes of the qualified electors of said city voting at
said election, and
WHEREAS, all and singular the provisions of the
Act of the Legislature of the State of California, entitled
"An Act Authorizing the Incurring of Indebtedness by Cities,
Towns and Municipal Corporations for Municipal Improvements
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and Regulating the Acquisition, Construction, or Completion thereof"
which became a law February 25th, 1901, and the acts amenda-
tory thereof and supplementary thereto, including the Government
Code as amended, and the general laws of the State of Calif-
ornia relating to cities of the sixth class and the laws and
ordinances of the City of Vernon, have been fully complied
with so as to authorize the issuing of said bonds; and
WHEREAS, the public interest and necessity demand
that all of said bonds be issued and sold at the earliest
practicable date;
NOW, THEREFORE, the City Council of the City of
Vernon does ordain as follows:
Section 1. That bonds of the said City of Vernon
in the sum of Two Hundred Sixty Thousand Dollars ("1.;260,000.00)
be issued in accordance w~th the provisions of the Act of
the Legislature of the State of California, entitled, "An
Act Authorizing the Incurring of Indebtedness by Cities,
Towns and Municipal Corporations for Municipal Improvements
and Regulating the Acquisition, Construction or Completion
thereofll, which became a law February 25th, 1901, and all
acts, or parts of acts, amendatory thereof or supplementary
thereto, including the Government Code as amended, and in
accordance with the laws of the State of California and the
ordinances and laws of the said City of Vernon, for the
purpose of acquiring, constructing and completing a certain
revenue-producing municipal improvement, to-wit: waterworks
for supplying said city and its inhabitants with water,
including the acquisition and construction of water mains,
conduits, wells, pumping plants, pumps, tanks, and all
other works necessary therefor. That such bonds shall be
two hundred sixty (260) in number and shall be designated
"Wa terworks Bonds, Election 19L~6li; said bonds to be issued in
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the denomination of One Thousand Dollars ($1,000.00) each,
and the principal and interest thereof shall be payable in
lawful money of the United States; that they shall be dated
October 1, 1951, and bear interest at a rate not in excess of
five (5) per uentum per annum, payable semi-annually on the
first day of October and the first day of April of every year.
Said bonds shall be numbered and payable in the following
manner:
Bonds numbers 1 to 7 Inclusive on October 1, 1952;
Bonds numbers 8 to 14 Inclusive on " 1, 1953;
Bonds numbers 15 to 21 Inclusive on Ii 1, 1954;
Bonds numbers 22 to 28 Inclusive on " 1, 1955;
Bonds numbers 29 to 35 Inclusive on 11 I, 1956;
Bonds numbers 36 to 42 Inclusive on " 1, 1957;
Bonds numbers 43 to 49 Inclusive on \I 1, 1958;
Bonds numbers 50 to 56 Inclusive on " 1, 1959;
Bonds numbers 57 to 63 Inclusive on II 1, 1960;
Bonds numbers 64 to 70 Inclusive on " 1, 1961;
Bonds numbers 71 to 77 Inclusive on II 1, 1962;
Bonds nU.mbers 78 to 84 Inclusive on " 1, 1963;
Bonds numbers 85 to 91 Inclusive on It 1, 1964;
Bonds numbers 92 to 98 Inclusive on II 1, 196 5 ;
Bonds numbers 99 to 105 Inclusive on " 1, 1966;
Bonds numbers 106 to 112 Inclusive on " I, 1967;
Bonds numbers 113 to 119 Inclusive on II 1, 1968;
Bonds numbers 120 to 126 Inclusive on " I, 1969;
Bonds numbers 127 to 133 Inclusive on " I, 1970;
Bonds numbers 134 to 140 Inclusive on II I, 1971;
Bonds numbers 141 to 147 Inclusive on " 1, 1972;
Bonds numbers 148 to 154 Inclusive on II 1, 1973;
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Bonds numbers
Bonds numbers
Bonds numbers
Bonds numbers
Bonds numbers
Bonds numbers
Bonds numbers
Bonds numbers
Bonds numbers
Bonds numbers
Bonds numbers
Bonds numbers
Bonds nUlllbers
Bonds numbers
Bonds numbers
155 to
162 to
169 to
176 to
183 to
190 to
197 to
204 to
211 to
218 to
225 to
232 to
239 to
246 to
253 to
161 Inclusive on October 1, 1974;
168 Inclusive on
175 Inclusive on
182 Inclusive on
189 Inclusive on
196 Inclusive on
203 Inclusive on
210 Inclusive on
217 Inclusive on
224 Inclusive on
231 Inclusive on
238 Inclusive on
245 Inclusive on
252 Inclusive on
260 Inclusive on
It
1, 1975;
1, 1976;
1, 1977;
1, 1978;
1, 1979;
1, 1980;
1, 1981;
1, 1982;
1, 1983;
1, 1984;
1, 1985;
1, 1986;
1, 1987;
1, 1988;
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"
II
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II
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II
II
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form, to-wit:
And said bonds shall be substantially in the following
NO.
UNITED STATES OF AHERICA,
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF VERNON
WATE.'RWORKS BOND, ELECTION 1946.
VERNON, CALIFORNIA,
October 1, 1951.
On the first day of October (year of maturity) the
City of Vernon will pay to the bearer at the office of the City
Treasurer of the City of Vernon, in the City of Vernon, State of
California, or, at the option of the holder hereof, at the banking
house of the National City Bank, in the City of New York, State
of New York, the sum or One Thousand Dollars with interest thereon
at the rate or
( ) per cent per annum, payable
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semi-annually, on the first day of October, and the first day
of April, of each year, at the office of the City Treasurer
of the City of Vernon, in Vernon, State of California, or, at
the option of the holder hereof, at the banking house of the
National City Bank, in the City of New York, State of New York,
upon the presentation and surrender of the interest coupons
hereto attached. Principal and interest payable in lawful
money of the United States of America.
This bond is issued in pursuance of the provisions
of an Act of the Legislature of the State of California entitled
"An Act Authorizing the Incurring of Indebtedness by Cities,
Towns and Municipal Corporations for Municipal Improvements,
and Regulating the Acquisition, Construction or Completion
thereof" which became a law February 25, 1901, and all Acts,
or parts of Acts amendatory thereof or supplementary thereto,
including the Government Code as amended.
It is further certified that all requirements of the
Constitution en.d the laws of the State of California and of all
Ordinances of the said City of Vernon, have been fully complied
with by the proper officers in the issuing of this bond; that
this issue of bonds has been authorized by the vote of two-
thirds of the duly qualified electors of said city voting on
the question of such issue at a special election duly and
regularly called and held in said city on the 30th day of
July, 1946, and that the total amount of this issue, together
with all other indebtedness of said city, does not exceed the
limit prescribed by the Constitution and laws of the state of
California; that before or at the time of incurring the indebt-
edness evidenced hereby provision has been made for the
collection of an annual tax sufficient to pay the interest on
such indebtedness as it falls due and also provision to consti-
tute a sinking fund for the payment of the principal thereof
on or before maturity.
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IN WITNESS WEEREOF, the said City of Vernon has
caused this bond to be signed by the Executive of the said
municipality, to-wit; The Mayor of said City, and also by the
Treasurer of said City, and to be countersigned by the Clerk
of said City, and the corporate seal of said city to be hereto
affixed and the said City has also caused the coupons hereto
attached to be numbered consecutively and signed by the
Treasurer of said City of Vernon.
Mayor of the City of Vernon,
California.
Treasurer of the City of
Vernon, California.
Countersigned:
City Clerk of the City of
Vernon, California.
That interest coupons shall be attached to each of
said bonds representing each installment of interest to accrue
on said bonds up to the maturity thereof, which said interest
coupons shall be substantially in the following form, to-wit:
No.
On the first day of (month of maturity) A.D. (year of
maturity) the City of Vernon, California, promises to pay to
the bearer, at the office of the Treasurer of the City of
Vernon, in said City of Vernon, State of California, or at the
option of the holder hereof, at the banking house of the National
City Bank, in the City of New York, State of New York, the sum
of (amount of interest) Dollars, in lawful money of the United
States of America, the semi-annual interest due onWate~orks
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Bond, Election 1946, No. (number of bond to which coupon is
attached) .
Treasurer of the City of Vernon
Section 2. That the Mayor of said City, and the
Treasurer of said City are hereby authorized and directed to sign
all of said bonds, and the City Clerk of said City is hereby
authorized and directed to countersign said bonds and to affix
the corporate seal of said City thereto, and the Treasurer of
said City is hereby authorized and directed to sign the interest
coupons of said bonds and said bonds shall be delivered by said
City Clerk to the said City Treasurer in such amounts as the
City Council of said City may from time to time determine; and
said City Treasurer is hereby authorized and directed to sign
all the interest coupons of said bonds by his lithographed or
engraved signature.
Section 3. That the proceeds of the sale of said
bonds shall be placed in the Treasury of said City to the credit
of' a fund to be known as "Waterworks Bonds, Election 1946, Fundl1,
and shall be applied exclusively to the purpose mentioned in
this Ordinance, to-wit: to the purpose of the acquisition,
construction, and completion of a certain revenue-producing muni-
cipal improvement, to-wit: waterworks for supplying said City
and its inhabitan~s with water, including the acquisition and
construction of water mains, conduits, wells, pumping plants,
pumps, tanks, and all other works necessary therefor.
Section 4. That for the purpose of securing and providing
for the payment of the principal and interest of said bonds,
there is hereby created a fund to be known as "Waterworks Bonds,
Election 1946, Interest and Sinking Fundll; that all the money
which, from time to time, shall be placed in said fund shall be
and is hereby set apart exclusively for the purpose of
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meeting all sums coming due for principal and interest on all
the aforesaid bonds which may be issued under the proceedings
hereinbefore recited. That for the purpose of paying the
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principal and interest of said bonds, the City Council of said
City shall, at the time of fixing the general tax levy, and in
the manner for such general tax levy provided, levy and collect
annually each year until such bonds are paid, or until there shall
be a sum in the Treasury of said City set apart for that
purpose, a tax sufficient to pay the interest on such bonded
indebtedness as it falls due, and also to constitute a sinking
fund for the payment of the principal thereof on or before
maturity. Said tax shall be in addition to all other taxes
levied for municipal purposes, and shall be collected at the
same tLme and in the same manner as other municipal taxes are
collected, and forthwith, as collected, shall be turned over
to and paid into said "Waterworks Bonds, Election 1946, Interest
and Sinking Fund It, and be used for no other purpose than the
payment of said bonds and accruing interest.
Section 5. The City Clerk shall certify to the
passage and adoption of this Ordinance and shall cause the same
to be posted in three public places in the City of Vernon, to-
wit: at the entrance of the City Hall of the City of Vernon,
4305 Santa Fe Avenue; at the Northwest corner of 38th street
and Santa Fe Avenue; and at the Northwest corner of 37th Street
and Santa Fe Avenue, and. thereupon and thereafter the same
shall be in full force and effect.
Passed and adopted by the City Council of the City
of Vernon, California, and approved by the Mayor of said City,
this 16 day of ~~
, 1951.
ATTEST: ~~
City Clerk
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) SSe
CITY OF VERNON )
I,
G. A. Anderson
, City Clerk of the City of
Vernon, California, do hereby certify that the whole number
of members of the City Council of said City is five (5); that
the foregoing Ordinance, being Ordinance No.6~ , was passed
and adopted by the said City Council, approved and signed by
the Mayor, and attested by the City Clerk of said City, all at
a regular meeting of the said City Council held on the 16th
day of October
, 1951, and that the same was so passed and
adopted by the following vote:
AYES:
NOES:
COUNCILMEN: Anderson, Furlong,
Mailliard, poxon, Trowbridge
COUNCILMEl"P None
ABSENT:
~City Clerk of the City of
Vernon, California.
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SUPPORTING
DOCUMENTS
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AFFIDAVIT OF POSTING
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES :
CITY OF VEID~ON )
I, G. A. Anderson, City Clerk of the City
of Vernon, California, do hereb1 certify that I did on the
22nd day of October, 1951, post 3 copies of Ordinance No.
~I..l' in the following places to-wit: At the northwest corner of
38th Street and Santa Fe Avenue, at the northwest corner of
37th Street and Santa Fe Avenue, and on the bulletin board
in the entrance to the City Hall located at 4305 Santa Fe
Avenue, Vernon, California, there being no newspaper of
general circulation printed and published in the City of
Vernon, California.
Signed this
j, day Of~ , 1951
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Subscribe~ a9g sworn tg., b~fore
me this ~~ day of (/()L(d-:-r.... 1951.
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