Resolution No. 354
R B SOL UTI 0 n
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B~ IT ?EdOLViID1
That the City Clerk of the Ci1u of
Vernon be,snd he is hereb;" authorized and direoted to post in
the three following public plaoes in the Clty of Vernon, to-wit;
at the aorthWlst OQ~ler of E. 38th street and Santa Fe Avenue;
at the north..at corn.r of i. 3'th Street and Santa" !venu.;
and at the entranoe of the Vernon City Hall, looated at the north-
west corner of E. 38th street and Irv1ngstreet, there being no
newspaper of general oirc'uation printed and published in the City
of Vernon; and topubl1sh 1'1 ve (5) t1 es in the Los Angeles Daily
Journal a notice of sale of Four Hundred Fifty-five Thousand Dol-
lars ($455.000.00) of Water Works Improvement Bonds, and Fifteen
Thousand Dollars ($15,OOO.00) of Fire Alarm Improvement Bonds of
the City of Vernon, authorized by the voters of said City at a
6~ecial election held on the 27th day of February, 1925. in the
tollowla8 form, to-w1t:
nNOTIO~ OF SAI~ OF FOUR innIDRED FIFTY-
FIVE THOUSAND DOLLARS ($455,000.00)
OF llATZi.\"ORKS l1..2 ROVJ2.:ENT Borros A.ND
FIFTBmN THOUSAND DOLLARS ($l5,OOO.OO)
0.&' 1HRJ: ALARM 11.:1 HOV~;r;L:mT BONDi:> OF
THE CITY OF VERNON."
up to the hony of 10:00 o'clock a.m. on . ~
day of /}tjlfl tJv ,1925, by the Board of Trustees of
the Oity of Vernon, and at that time publicly opened and reed.
for the purcha.se of 'our Kundred lifty-five ~housand >>011ars
('468,OOO.OO~ of Water WorkS Improve.ent Bond. anA 'if teen thou-
sand ($15.000.00) DollaTs of Fire Alarm 1mprovement Bonde of said
City of Vernon. Ea.ch of said bonde will be dated March I, 1925,
end w111 bear interest at the ra.t. of not to exceed six per cent
C6~) per a.Dnu&, payable semi-annually: both principal and lnterest
pa.yable In la.wful money of the Uui tel states a.t the office of the
Treasurer of the City of Vernon. Said Water Works Improvement Bonds
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are numbered trom 1 to 500, both 1nolusive; tour hundred fifty
(450) of the denomination of One ThoUS&1d Dollars ($1,000.00)
ea~h, and fifty (50) of the denomination of One Hundred Dollars
($100.00) eaoh. Said Fire Alarm Improvement Bonda are numbered
II'M 1 to J.jO, .... ith .i.Jl4l u1 "',,,. '~j)h ot the de~ol1l1na t i o~ 0 t On.
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Hundred Dollars ('100.00). :r1ttlum (15) ., ..14....1.' ..._
Improvement Bonds. of the denomination of One Thousand Dollars
($1,000.00) each. shall be paid on the first day of March. 1935,
and fifteen (15) of said Water Works Improvement Bonda. of the
denomination of One Thousand Dollars ($1.000.00) each, on the
first day of Maroh of eao11 year thereafter down to and inoluding
the first day of March, 1964. One of said Water Works Improve-
ment '3onds, of the denomination of One Hundred Dollars ($100.00).
shall be paid on the first day of March, 1935, and one (1) of said
Wa~er Works improvement Bonda, of the d.nominatiml of One Hundred
1)011ar8 (.100.00) on the fint tal' of .aroh of .aoh 1'8&1: thu.-
after down to and inCluding the first d~ of March. 1944. ~ (2)
of said '-'later Works Improvement Bonds, of th.e denomination of One
Hundred Dollars ($100.00) €t:wh. shall be paid on t'hc first daJ of
Maroh. 1945, and two (2) of said water Works Improvement !:lands,
of the denomination of One Hundred Dollars ($100.00) each, on the
first daJ" at 14arch of eaoh year thereafter dOE to and inolud.1ng
the first da;r of Maroh, 1964. !br.. (3) of said Fire Ala1'll Improve-
ment Bonds shall be paid on the fint dSi' of )larch. 1926, and three
(S) ot 8a14 F1re Alarm Improvemall' JonAs on the firsll fa,' of a.l'oh
of each "ear thereafter down to and incllld Lng t1-te fi rat day 0 r
Maroh. 1935. Four (4) of said Fire Alarm Improvement Bonds shall
be paid on the first day of March. 1936, and four (4) of said Fire
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Alar. Improveeent Bonds on the first day of Maroh of eaoh yfar
thereafter down to and inoluding the first day of March, 1965.
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Bonds will be sold for oash only and at not less than
par, plus acorued interest. Ea.oh bid must state that the bidder
offers p'1r plue aocrued interest to the date of delivery and
state separately the premiu.m, if a.u;y, offered for the bonds bid
'for. Each 'bid also must name the rate of in~l.'est the bonds
.JaaU ~.N', QOJl ..Molt a "-14 18 ot:t.JOd. not exoeeUng 6~ per an-
num. Payment tor and d.11Ye1'Y ot bond$ wUl be made 111 the o:t-
fice of the Treasl1rer of the 01 ty of Vernon, and oertified 01'
cashier I s check in the amQunt of 2~ of the 8.m')un t of said bonds,
payable to tne order of the Treae~rer of the City of Vernon, must
a.CCOffij?any each bid as a guarantee that the bidder will. if suc-
ceSSful, aocept and pay fo r said bond 5 in aeoo rdallce with the
term13 of' hie bid alld a.sid chacl: will remain in the hands of the
Board of Trustees until a.ll of said bonds are paid for and
checlzs of unstloceBsfuJ. bidders will be returned.
~. ~&r~ of ~ru.\... ~...~?s ~b. ~lght to reJeot ~
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!he legality of the bonds ,'111 be apprond b7 Qlbson.
Dunn 8., Crutcher, attorna;va ;)f 1J08 Angeles, whose approving
opinion VI ill be delivered to the p'lrchaser.
:9y order :)f t:",e Bo;.:n:-d of Trus't;ees of the City of
Vernon.
Dated thi'3 .if
day of ~~
, 1925.
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#.<fh-<~-t.
I . Clerk oft e
, v
Ci ty of Vernon.
I hereby oertify that the foregoing is a fUll. true
....1\ Gau'.." _>> ot a z..o1.u101on e40.,,,.,, bJ' the >>08:1'4 ot Trust...
of tho 01\7 of Tome. d l:h ...Una ot "'l'oll~, 1911, '" 'he.
t.U..ln. TO'-, w-1d.,\,
""'.~t AI ~~~~/~.~~t~~ ~ 4):-
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Absent: . ~
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C"F-~-;"c
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~ ;S~CitY
of Vernon.
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