Resolution No. 993
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RESOLUTION NO. 993
A RESOLUTION OF THE CITY OF VERNON, CALIFORNIA,
PROVIDING FOR TEE ISSUANCE AND S.Al".B OF BONDS OF CITY OF
VERNON SEWm DISTRICT NO. ONE IN TEE SUM OF TEREE HUNDRED
AND FIFTY THOUSAND DOLLARS ($350,000.00) FOR THE PURPOSE
OF THE CONSTRUCTION AND ACQUISITION OF SEWERS IN SAID
DISTRICT AND THE CONSTRUCTION OF OUTLETS FOR SEWERS ALREADY
CONSTRUCTED IN SAID DISTRICT, FOR COLLECTING AND DISPOSING
OF THE SEWAGE OF SAID DISTRICT, INCLUDING THE ACQUISITION
AND CONSTRUCTION OF ALL NECESSARY MACHINERY, APPARATUS AND
OTHER PROPERTY TO ENABLE SAID SEWAGE TO BE GATHERED AND
COLLECTED, INCLUDING THE ACQUISITION OF RIGHTS IN SEWERS
AND OUTFALL SEWERS OF THE CITY OF LOS ANGELES TO ENABLE THE
SEWAGE OF SAID DISTRICT TO BE DISPOSED OF BY FLOWING THE
SAME THROUGH SAID SEWERS AND OUTFALL SEWERS OF THE CITY OF
LOS ANGEI&ES, AND ITS WORKS AND PLANTS, TO AND INTO THE
PACIFIC OCEAN, AS PARTICULARLY DESCRIBED IN PROPOSITION NO.
1 OF ORDINANCE NO. 526 OF SAID CITY CALLING A SPECIAL ELEC-
TION IN SAID DISTRICT FOR THE PURPOSE OF SUBMITTING TEE
QUESTION OF THE ISSUANCE OF SAID BONDS TO THE VOTERS OF
SAID DISTRICT; FIXING AND DETERMINING THE MATURITIES OF
SAID BONDS AND THE FORM THEREOF; AND PROVIDING FOR THE
LEVYING AND COLLECTION OF TAXES FOR THE PAYMENT THEREOF; AND
CREATING A FUND TO BE KNOWN AS THE "CITY OF VERIfON SEWER
DISTRICT NO. ONE ELECTION 1939 BONDS, INTEREST AND ,SINKING
FUND" INTO WHICH SHALL BE PLACED ALL SUCH TAXES AS ARE LEVIED
AND COLLECTED EACH YEAR UPON THE TAXABLE PROPERTY IN SUCH
DISTRICT LEVIED FOR THE PURPOSE OF MEETING ALL SUMS COMING
DUE FOR PRINCIPAL AND INTEREST ON ALL OF SAID BONDS.
WHEREAS, the City Council of the City of Vernon,
California, did on March 21, 1939 duly and regularly pass and adopt
an Ordinance numbered 526 establishing City of Vernon Sewer District
No. One in said City, and fixing the boundaries thereof, and calling
an election in said district for April 11, 1939, and providing for
the submission ataaid election to the qualified voters of said
district of the proposition of authorizing the issuance and sale of
bonds of said district for the purpose of the construction and ac-
quisition of sewers in said district and the construction of outlets
for sewers already constructed in said district, for collecting and
disposing of the aewage of said district, including the acquisition
and construction of all necessary machinery, apparatus and other
property to enable said sewage to be gathered and collected, includ-
ing the acquisition of rights in sewers and outfall sewers of the
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City of Los Angeles to enable the sewage of said district to be
disposed of by flowing the same through said sewers and outfall
sewers of the City of Los Angeles, and its works and plants, to
and into the Pacific Ocean, all as more particularly set forth
in Ordinance of Intention No. 524 of said City, and in said
Ordinance numbered 526 of said City; and
WHEREAS, said election was duly and regularly held
within the district described in Ordinance of Intention No. 524
and in the Ordinance calling said election numbered 526, and said
election was held as provided in said Ordinances, and by law; and
WHEREAS, the proposition of incurring the bonded
indebtedness hereinbefore mentioned and hereinafter particularly
described received thereat more than two-thirds of all of the
votes of the qualified voters of said district voting at said elec-
tion; and
WHEREAS, all and singular of the provisions of the
"Municipal Sewer District Act of 1939" of the State of California,
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and all Ordinances of the City of Vernon, and all general laws of
the State of California relating to the formation of a district under
said "Municipal Sewer District Act of 1939" and relating to elec-
tions in said City, have been fully complied with so as to authorize
the issuance of said bonds; and
WHEREAS, the public interest and necessity demand and
require that all of said bonds be issued and sold at the earliest
practicable date;
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Vernon as follows:
Section 1: That bonds of said City of Vernon Sewer
District No. One, in the principal sum of Three Hundred Fifty
Thousand Dollars ($350,000.00), be issued in accordance with the
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provisions of an Act of the Legislature of the state of California,
known as "Municipal Sewer District Act of 1939",and in accordance
with the laws of the State of California and the Ordinances of
the City of Vernon for the purpose of the construction and acqui-
sition of sewers in said district and the construction of outlets
for sewers already constructed in said district, for collecting
and disposing of the sewage of said district, including the acqui-
sition and construction of all necessary machinery, apparatus and
other property to enable said sewage to be gathered and collected,
including the acquisition of rights in sewers and outfall sewers
of the City of Los Angeles to enable the sewage of said district
to be disposed of by flowing the same through said sewers and out-
fall sewers of the City of Los Angeles, and its works and plants,
to and into the Pacific Ocean;
That said bonds shall be 350 in number and shall be
numbered from 1 to 350, both inclusive; that said 350 bonds shall
be issued in the denomination of One Thousand Dollars each; that the
principal and interest of said bonds shall be payable in lawful
money of the United States; that said bonds shall be designated
"CITY OF VERNON SEWER DISTRICT NO. ONE BONDS, ELECTION 1939"; that
said bonds shall be dated June 15, 1939, and bear interest at the
rate of not more than six per cent per annum, payable semi-annually
on the fifteenth day of December and June of each and every year
until said bonds are paid; that the principal and interest thereof
shall be payable at the office of the City Treasurer of the City of
Vernon, California, and said bonds shall be payable in the following
manner, to wit:
Bonds Nos. 1 to 12, both inclusive, on June 15, 1940;
Bonds Nos. 13 to 24, both inclusive, on June 15, 1941 ;
Bonds Nos. 25 to 36, both inclusive, on June 15, 1942;
Bonds Nos. 37 to 48, both inclusive, on June 15, 1943;
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Bonds Nos. 49 to 60, both inclusive, on June 15, 1944;
Bonds Nos. 61 to 72, both inclusive, on June 15, 1945;
Bonds Nos. 73 to 84, both inclusive, on June 15, 1946;
Bonds Nos. 85 to 96, both inclusive, on June 15, 1947;
Bonds Nos. 97 to 108, both inclusive, on June 15, 1948;
Bonds Nos. 109 to 120, both inclusive, on June 15, 1949;
Bonds Nos. 121 to 132, both inclusive, on June 15, 1950;
Bonds Nos. 133 to 144, both inclusive, on June 15, 1951;
Bonds Nos. 145 to 156, both inclusive, on June 15, 1952;
Bonds Nos. 157 to 168, both inclusive, on June 15, 1953;
Bonds Nos. 169 to 180, both inclusive, on June 15, 1954;
Bonds Nos. 181 to 192, both inclusive, on June 15, 1955;
Bonds Nos. 193 to 204, both inclusive, on June 15, 1956;
Bonds Nos. 205 to 216, both inclusive, on June 15, 1957;
Bonds Nos. 217 to 228, both inclusive, on June 15, 1958;
Bonds Nos. 229 to 240, both inclusive, on June 15, 1959;
Bonds Nos. 241 to 251, both inclusive, on June 15, 1960;
Bonds Nos. 252 to 262, both inclusive, on June 15, 1961;
Bonds Nos. 263 to 273, both inclusive, on June 15, 1962;
Bonds Nos. 274 to 284, both inclusive, on June 15, 1963;
Bonds Nos. 285 to 295, both inclusive, on June 15, 1964;
Bonds Nos. 296 to 306, both inclusive, on June 15, 1965;
Bonds Nos. 307 to 317, both inclusive, on June 15, 1966;
Bonds Nos. 318 to 328, both inclusive, on June 15, 1967;
Bonds Nos. 329 to 339, both inclusive, on June 15, 1968;
Bonds Nos. 340 to 350, both inclusive, on June 15, 1969;
, and said bonds shall be substantially in the following form, to wit:
"UNITED STATES OF AMERICA
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF VERNON SEWER DISTRICT NO. ONE BONDS,
ELECTION 1939
VERNON, CALIFORNIA
June 15, 1939.
On the fifteenth day of June ...........(year of ma-
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turity) the City of Vernon, California, will pay to the bearer
at the office of the City Treasurer of said City of Vernon, in
the City of Vernon, state of California, the sum of One Thousand
Dollars ($1000.00) with interest thereon at the rate of ........
(.....) per cent per annum, payable semi-annually on the fifteenth
day of December and the fifteenth day of June of each year at the
office of the City Treasurer of said City, upon the presentation
and surrender of the interest coupons hereto attached, from the
special fund in said City treasury provided by the levying and
collection of taxes upon the taxable property in said district to
pay the interest and principal of this bond.
This bond is issued in pursuance of the provisions of
an act of the Legislature of the State of california, known as
"Municipal Sewer District Act of 1939", which became a law February
2, 1939.
It is hereby certified that all requirements of the
Constitution and laws of the state of California and of all
Ordinances of the 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 (2/3rds)
of the duly qualified voters of said district voting on the ques-
tion of said issue at an election duly and regularly called and
held in said district on April 11, 1939, and that the total amount
of this issue is within the limits prescribed by the Constitution
and laws of the state of California, including said "Municipal
Sewer District Act of 1939"; that before or at the time of incurr-
ing the indebtedness evidenced hereby, provision! has been made
for the collection of an annual tax upon the property in said
district sufficient to pay the interest on such indebtedness as it
falls due, and also for the payment of the principal thereof on or
before maturity.
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Neither the City nor its officers shall be holden
for the payment of the principal or interest of this bond, but
the same shall be payable exclusively from taxes levied on the
taxable property in said district.
IN WITNESS WHEREOF, the City of Vernon has caused
this bond to be signed by its Mayor and City Treasurer, and to
be countersigned by its City Clerk, and the corporate seal of
said city to be hereto affixed, and 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, Calif.
Treasurer of the City of Vernon,
Calif.
Countersigned:
city Clerk of the City of Vernon,
Calif. "
That interest coupons shall be attached to each of said
bonds representing each installment of interest to accrue on each
bond up to. the maturity date thereof, which interest coupons shall
be numbered consecutively and shall be substantially in the follow-
ing form, to wit:
"NO.
(Number of Coupon)
On the fifteenth (15th) 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 City Treasurer of the City of
Vernon, California, in said City, the sum of
($ ) in lawful money of the United
States of America, the semi-annual interest due on
City of Vernon Sewer District No. One, Election 1939,
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Bond No.
(number of bond to which the
coupon is attached). This coupon is payable
exclusively from taxes levied upon the taxable
property in said district.
Treasurer of the City of Vernon,
Calif. "
Section 2: That the Mayor of the City of Vernon,
California, and the Treasurer of said City, are 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 with his lithographed or engraved signature; that
said bonds shall be delivered by said City Clerk to said City
Treasurer.
Section 3: That for the purpose of securing and pro-
viding for the payment of the principal and interest of said bonds,
there is hereby created a fund to be known as the "CITY OF VERNON
SEWER DISTRICT NO. ONE ELECTION 1939 BONDS, INTEREST AND SINKING
FUND"; that all of the money which from time to time shall be placed
in said fund shall be, and the same is hereby set apart to be
applied exclusively to the purposes and objects of meeting all sums
coming due for principal and interest on all of the aforesaid 350
bonds which may be issued under the proceedings hereinabove re-
cited; that for the purpose of paying the principal and interest
of said bonds, the City Council of said City shall, at the ttme 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, a tax upon all of the taxable property located within
City of Vernon Sewer District No. One, as the same is described in
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Ordinance No. 524 and in Ordinance No. 526 of said City of Vernon
sufficient to pay the annual interest on such bonds for that year,
and also such part of the principal thereof as shall become due
before the t~e for fixing the next general tax levy. Said tax
shall be in addition to all other taxes levied upon the taxable
property in said district and shall be collected at the same time
and in the same manner as other municipal taxes are collected, and
forthwith as collected, shall be turned over and paid into said
"CITY OF VERNON SEWER DISTRICT NO. ONE ELECTION 1939 BONDS, INTEREST
AND SINKING FUND" and shall be used for no other purpose than the
payment of said bonds and accruing interest.
Section 4. The proceeds derived from the sale of
said bonds shall immediately, upon receipt thereof by the Treasurer
of said City of Vernon, be placed in the Treasury of said City of
Vernon to the credit of a fund which is hereby created, and shall
be known as "CITY OF VERNON S~~ DISTRICT NO. ONE CONSTRUCTION
FUNP", and shall be applied exclusively to the purposes and objects
mentioned in said Ordinance No. 524 and Ordinance numbered 526 of
said City, and to the incidental expense in connection therewith,
to wit: for the construction and acquisition of sewers in said district,
and the construction of outlets for sewers already constructed in said
district, for collecting and disposing of the sewage of said district,
including the acquisition and construction of all necessary machinery,
apparatus and other property to enable said sewage to be gathered
and collected, including the acquisition of rights in sewers and
outfall sewers of the City of L~ Angeles, to enable the sewage of
said district to be disposed of by flowing the same through said
sewers and outfall sewers of the City of Los Angeles, and its works
and plants, to and into the Pacific Ocean.
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Section 5. The City Clerk shall certify to the
passage o~ this resolution by the City Council o~ the City of
Vernon, and cause the same to be posted in three (3) public places
in the City of Vernon and in City o~ Vernon Sewer District No. One,
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 it shall thereupon take effect.
,Passed and adopted by the City Council of the City of
Vernon, California, and approved by the Mayor of said City, this
25th day of JUly, 1939.
Mayor
ATTEST:
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) SS
CITY OF VERNON )
I, T. J. FURLONG, City Clerk of the City of Vernon,
California, do certify that the whole number of members of the City
Council of said City is five; that the ~oregoing resolution, being
resolution number
993 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 an adjourned regular meeting of the
said City Council held on the 25th day of July, 1939, and that the
same was so passed and adopted by the following vote:
AYES:
Councilman: Leonis, Scheider, Levy, Furlong
NOES:
Councilman: None
ABSENT:
Councilman:
( SEAL)
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AFFIDAVIT OF POSTING
STATE OF CALIFORNIA )
)
County of Los Angeles : SS
)
C~ OF VERNON )
I, T. J. FURLONG, City Clerk of the City of
Vernon, do hereby certify that I did on the 26th day
of July, 1939, post three (3) identical copies of
Resolution No. 993, as adopted by the City Council of
said City on the 25th day of JUly, 1939, in the follow-
ing places, 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 Ave-
nue, a311 in the City of Vernon Sewer District No. One,
there being no newspaper of general circulation printed
and published in the City of Vernon.
Signed this 27th day of July, 1939.
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. .... .... ....~~~ -. ~~.~rnon,
a fornia.
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Subscribed and sworn to before
day of July, 1939.
~
Notary Public in and for said
County anq. S~Ha~h 10,1941
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