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Resolution No. 659 - , RESO:>UTIO]) NO. &Svt '/ / IN THE MATTER OF ACC;'UISIl'IOH AND IMPROVEMENT DISTRICT NO. 1 OF 'ltBE CITY OF VERNOR.. CALIFORNIA. RESOLUTIQ:N ACCEPTING WORK AND FIXING AMOtm1bIi BONDS to BE Issuf!:.b '0 06t4'l'RJmTOR. '1r'lmRF.iAS.. in the. matter of Aoqulsl tion and !mprove'" ment Di$tl'lotNo. 1 of the City ot Vernon, California, a hearing hait been duly and regularly had at the time and 1'la.oe fixed therefor.. for the purpose of determining wi"lethel' 01" not the work and improvement performed 11'1 the above entitled matter should be aooepte4 as bei.ng completed according to the contraot therefor and!or determ1ning the aggregate amount for whIch bonds shall be Is8ued to the oontractor or his ...lsna theretor,and furnishlng an opportul;li ty to all :persona intere.ted1n any of the work or i.mprovement don. under the proeeed1.ng or in any matter atf'ect1ng said l.mpr.ove- Jnent and the a.se.sm$n.t d1s.trlet therefor and feeling ag- grievea. byanl act or determ1nation done or made in sa1d proceedings, or cla1m1r~g tha.t the work ori.roprovement has not been pCtrfoMned according to the controact in a good and substantlalmanner or ela.lming that any portion of the work or improveUbent .tor EUly reason has been. omitted or illegally includ.ed 1n th_contraot for the sam.e, >or haV1l'6any objec- t10ns to offer or any reason to advance why bonds should not be Issued in the am.ount set forth in the declara.tionand atatement o.nfile, to appear and present their objectional and. as appear,s from affidavits on file in the office ot the 1. Clerk of' this City Council, notice of the time and. pl.c. ot sa:1d beat'lng was 4u1,. publlahedJ ..rul 'WfiEREAS, no objections or protests h.ave been filed; and ~WHER'BA8,e.~.lft- l-nte!'~uJ"ecl pe1'"_ have. tl1.. w1t.h tbe el.~k .et &M..{;~j""'l ~at&~r ~."l.oo&- ..~ -e., full, ral~ and lmptlrtl.l-~M~leg l1Atf-ke.. 81". ea .~ 8Q.~ ~P$t4UJt. Ami eb--j..t'a.a..--tLft4-. WaEREAS.,evlc1enoe ha. betrtn received. upon the matters r.,f'errea to lnthedeelar.tlon of completion'and statement of' amounts tlled :1n the ottlee o.t the Clet'K ot tn1. City Council and.videnCe haa been received u.pon the l"egu181"1 t,. ortne p1"()ceedings and upon all othep Blat.... , ters u.ponwh1oh ev1denee 18 nec...ar1': lOW, THEREFORE, IT IS HEnEBr~SOLVID. :oftE!Ui!IJEtl AND ORDERED.by the C1t.,000n011 of' the C1trof' Ve:Mlon. Call1orI'd..., .$ follOlrS, to.....lt: FIRST: That.no prote..t. orobJectionahavebeen fl.1ed Qt" m.ade. *F~RST t~'.l#- ~.......ft<1eej."t_. JR'e.pte4 81" :mila.,. -are ft..ep~y-eft~~ a.~ 4..BI..~ SECONlh That notiC$e ot the dar. hour and. plac. of'the hea~ing upon the matters ..1'01"08.14 baa been 4ul., and 'I'egularly pUbll.8hed.and post.d. in tn. manner 1)1"Cv148d by law. 2. -Alternative. TlIIRlh That all of the acts. d.termlnatlona ...,,- and proceedlngs heretotore had atlltaken in tnematte. o! Acquisltion and Improvement ntstrict 10. 1 ofth. City of Ver.non, Cfili!ornl.f .reregular and. ina11re.peots suffioient. FOUR!Hl Tnatthe WOl'k andtmprov..entto be done and pertormed in the matter of' 9a1d distrtct hs.llbE..~n oompleted andpertormed acoording to the oontl'aot in a good .n4 8ublltantial manner and that the aaid 'fIOl'k.an4 1mp.rovEtment i.8 her.braoe.pted.. FIJ'Tlh That the amoWlt of the corrt;ract prlc. for the doing ots.ald work and. l:mprovem.ent i.. the BUll of elghte.n . thoululnd!ive hundred t01'ft1"'one~dnln.t1-toUl' hundredth. dollars (,18.541.94); that the amount of inol- dentalexpena.ot 1.14 1mprovem.ent and of the pro..dlnss wh1chare to be pa14 'by tbeoo.ntraetor 1.8 the .u.mot toU,J- thousan.d. e1g1'1t,....to\11' and. ninet.,.-onehundr.dths 0.011&1'. <.4,084.91) ,thatthe qgrega.te amount rot' wbicn'bcmd. shall be i..ued to L. A.. 'AVIllG CO. ,INO..> oont1"8cto%", 01' 1. t. asslgn., 1s thesullt of tWf)nt,.-two thou.sand 8.1x hundred twenty-slx. lind eIghty-rive hundredthtl dollat-8 ($22.626.85). $XX1'B: That the Tre.au1'er of the 01t'1 01 Vernon, Callfornll!1. shall issu.. a.oquls1t1on and Improvement di.trlot bonds or 8ald d1str10t da81gnated Serl.. "aft, amounting to $22,62th8S, dated the date oftM&do,tion of tn.i8 re.olu.- t10n, in the m.nner and form p1'o1'14.d in the Acquilllti()%'1 and Improvement Aot of 1925, 88 amend.d.,and 1n l!I.eoord.ance wttb th. 1'ro1'1810ns toraald. bonda contained 1n the r..01u... ttonot tntentlon IU101"e'" by thi, 01t1 OO\1ncll the 15t11d...,. 3. of'December,1930,$a14 rellolutlonbeh'21 numbereti 609. $aldbond. shall bear' Inter.llt at the rat. or? per cent per annum, payable $EtDdannu,al11, except that the tIx-st interet.t is to be payable on the 2nd day of' July, 19$.5 andth. last>inter..t wl11 be paid attne m.aturltY' or eaoh 1"e.p80t1:",eoon4; th4lagg.regate pl"lnOIpalotaaicloo.- shall be paId and cU,l.charged wltbintourt.en (14) year-_ atter the date ot iShanee ,appx-oxiaate11 one..tweltthllI12) part, f2,.000.00, ot Iuch aggregate prlm,Clp.l to 08p.,.aole annu..117, 19$5 to 1'''5, Inoluslve, amI te26.85 ot.atel bondllshall be P1.1901. .in 1948. $E;V$N1'R: on tne< expiration ot twenty (20) d.at. ft-om the making of thi. order, the C1e1"k ot this C1t1 Coune1.1shal1 tranlmlt to the 'l'r....ur.rot theClty ot Vernoll anatt..ted copt of thls ~801utIon and or4er, to- gether with an att..ted copyot said re.olutlon ot inten... tlon,and upon reoeipt of _.sald 'iT'el9.8u:rer>.aha1l proceed to Issue the afOl'e.ald bonda. 'EIGHTH: The 01ty Cleric ,hall enterth18 J'e.o.... 1ut101'1 in full upon tn. minutes ot thIs Cltl Coune11. t~ 4...,. ot ADOP1'ED, SIGlIED AND APPROVED this June, 1932. J.J.FUHLONG Mal0r of theClt1 .or tfert'1ol'l. California. ATTEST: T.J.FURLONG bit,. Clex-k .ot . tn.. '.01 t1 ot Ve:rnon, . Ga1ltox-aJ,.a . 4. . '..-4 STATE OF CALIFORNIA ) COUITY OFLO 8 ANGELES ) 58 . OITY OF VERNON ) 1,'1'. J. Ft1RL()Na,CI$~k of the 0Ity of V.~non, Gllll.ltornla, do hereb'1 certIf1 that the tor.g01ngr..olu.... 1;1o"..a duly paaee!l and adoptedet. a ret;Ul,.-;eating of the City Oounoil of $a1d cIty held. on the 0- day of JUne., 19~2, by the follow1ngvote, to..1dtn AYES: Councilmen Durbin, Furlong, Levy, I.eonis NOES: Councilmen None AJ3SRNT: Cou.nc11mlul Martin T.J. PURLONG city Cie~k,()t.tfie'Clty or Vernon, Calitornia. (Seal. ) 5.