Resolution No. 1030
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RESOLUTION NO. 1030
A RESOLUTION OF THE CITY OF VERNON, CALIFORNIA,
AMENDING RESOLUTION NO. 993 OF THE CITY OF VERNON
ADOPTED ON THE 25th DAY OF JULY, 1939, AS AMENDED
BY RESOLUTION 'NO. 1001 ADOPTED AUGUST 17,.1939,
RELATING TO THE ISSUANCE OF THREE HUNDRED FIFTY
THOUSAND DOLLARS ($350,000) OF BONDS OF CITY OF
VERNON SEWER DISTRICT NO. ONE, WHICH BONDS ARE
DESIGNATED AS "CITY OF VERNON SEWER DISTRICT NO.
ONE BONDS, ELECTION 1939."
WHEREAS, the City Council of the City of Vernon,
California, did on the 25th day of July, 1939, adopt Resolution
No. 993 providing for the issuance of Three Hundred Fifty
Thousand Dollars ($350,000.00) of bonds of City of Vernon Sewe:r
District No. Q;ne, which bonds are designated as "City of Vernon
Sewer District No. One Bonds, Election 1939"; and
WHEREAS, the said City Council did thereafter, to wit,
on the 17th day of August, 1939 adopt Resolution No. 1001 amend.-
ing Section 1 of said Resolution No. 993; and
WHEREAS, it is now proposed to eliminate the interest
rate for said bonds as fixed by said Resolution No. 993, as
amended, to enable the City Council to fix and determine said
interest rate for said bonds at a subsequent date when the lowest
interest rate obtainable for said bonds shall have been deter-
mined:
NOW, THEREFORE, the City Council of the City of Vernon
do hereby resolve and order as follows:
Section 1,: .That Section 1 of said Resolution No. 993
of the,City of Vernon, adopted on the 25th day of July, 19:39, as
amended, be and the same is hereby amended to read as follows:
"Section 1: That bonds of said City of Vernon Sewer
District No.. One, in the principal sum of Three
Thousand Dollars ($350,000.00), be issued in accordance with
the provisions of an Act of the Legislature of the State of
California, known as "Municipal Sewe:r District Act of 1939",
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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 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
necessa:ry 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
outfall 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 Ito.3501 both inclusive;
shall be issued in the denomination of One Thousand
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 ltCrry OF VER11"ON SEvVER DISTRICT NO. ONE
BONDS1 ELECTION 1939"; that said bonds shall be dated 1vlarch 1,
1940; and shall bear interest at a rate of not to exceed six
per cent (6%) per annum, payable semi-annually on the 1st day
of March and September 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
Vernonl Califo:rnia, and said bonds shall be payable intl:le
following manner, to wit:
Bonds Nos. I to 12, both inclusivel on March 1,1941;
Bonds Nos. 13 to 24, both inclusive, on March 1, 1942;
Bonds Nos. 25 to 36, both inclusive, on March 1, 1943;
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Bonds Nos. 37 to 48,.' both inclusive, on March 1, 1944;
BO,nds Nos. 49 to 60, both inclusive, on March 1, 1945;
Bonds Nos. 61 to 72, both inclusive, on March 1, 1946;
Bonds Nos. 73 to 84, both inclusive, on March I, 1947;
Bonds Nos. 85 to 96, both inclusive, on March 1, 1948;
Bonds Nos. 97 to 108, both inclusive, on March I, 1949;
Bonds Nos. 109 to 120, both inclusive, on March 1, 1950;
Bonds Nos. 121 to 132, both inclusive, on March 1, 1951;
Bonds Nos. 133 to 144, both inclusive, on March '1, 1952;
Bonds Nos. 145 to 156, both inclusive, on March 1, 1953;,
Bonds Nos. 157 to 168, both inclusive, on March 1, 1954;
Bonds Nos. 169 to 180, both inclusive, on March 1,1955;
Bonds Nos. 181 to 192, both inclusive, on March 1, 1956;
Bonds Nos. 193 to 204, both inclusive, on March 1, 1957;
Bonds Nos. 205 to 216, both inclusive, on lJarch 1, 1958;
Bonds Nos. 217 to 228, both inclusive, on March 1, 1959;
Bonds Nos. 229 to 240, both inclusive, on I\1arch 1, 1960;
Bonds Nos. 241 to 251, both inclusive, on JltIarch 1, 1961;'
Bonds Nos. 252 to 262, both inclusive, on March 1, 1962;
Bonds Nos. 263 to 273, both inclusive, on March 1, 1963;
Bonds Nos. 274 to 284, both inclusive, on March I, 1964;
Bonds Nos. 285 to 295, both inclusive, on March 1, 1965;
Bohds Nos. 296 to 306, both inclusive, on Ma:rch 1, 196(:);
Bonds Nos. 307 to 317, both inclusive, on March 1, 1967;
Bonds Nos. 318 to 328, both inclusive, on March 1, 1968;
Bonds Nos. 329 to 339, both inclusive, on March 1, 1969;
Bonds Nos. 340 to 350, both inclusive, on March I, 1970;
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
March 1, 1940
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On the 1st day of March ..........(year of maturity)
the City of Vernonl California 1 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 (~~lOOO.OO) with interest thereon at the rate of
per cent ( %) per annum, pay-
able semiannually on the first day of :March and the first day
of September of each year at the office of the City Treasure:r
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
"Municipal Sewer District Act of 1939"1 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 Cit.y of Vernon have been fully complied with
by the proper officers in the issuing of this bond; that this.
issue of bonds 1:las .been authorized by the vote of two-thirds
(2/3rds) of the duly qualified voters of said.district:voting
on the question of said issue at an election duly and regula.rly
called and held in said district on April 11, 1939, and t1:lat t:be
total amount of this issue is within the limits prescribed by
the Constitution and laws of the state of California, including
said "Municipal Sewer Dist:rict Act of 1939"; that before or. at
the time of incurring the indebtedness evidenced herebYI pro-
Vision has been made for the collection of an annual tax
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the property in said district sufficient to pay the intere~t
on such indebtedness as it falls due, and also for the pay-
ment of the principal thereof on or before ma.turity.
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
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
signed by the Treasurer of said City of Vernon.
J. J. FDRLONG
Mayor of the City of Vernon, Calif.
F. G. FRENCH
Treasurer of the City .of VernoIl,
Calif.
T. J. FURLONG
City Clerk of the City
Calif.
Vernon,
Countersigned:
That interest coupons shall be attached to
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
following form, to wit:
"NO. (Number of Coupon)
On the first (1st) day of
(month of maturity) A.D.
(year of
maturity) the City of Vernon, California,
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promises to pay to the bearer at the office of
the City Treasurer of the City of Vernon, Cal-
ifornia, in said City, the sum of
($
) in lawful money
United states of America, the semi..annual'interest
due on City of Vernon Sewer District No. One, Elec-
tion 1939, Bond No.
(number of bond
to which the coupon is attached). This coupon
payable exclusively from taxes levied upon the
taxable property in said district.
T:reasurer of the City of Vernon,
Calif. ff
Section 2: That the City Clerk shall certify to the
passage of this resolution by the City Council of the City of
Vernon and cause the same to be posted in three public plaQes
in the City of Vernon and likewise in City of Vernon Sewer
District No. One, to wit: at the entrance of the City IIall 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. This resolution
shall take effect immediately.
Passed and adopted by the City Council of the City of
Vernon, California, and approved by the Mayor of said City,
this 17th day of December, 1940.
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) SS
. C Ir:L7 OF VERNON
T, T. J. FURLONG, City Clerk of the City of Vernon,
California, do certify that the whole number of membe~s of..
the City Council of s.aid City is five; that the foregoing
resolution" being resolution numbe.r 1030
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
17th day of December" 1940, and that the same was so passed
and adopted by the, following vote:
AYES: Councilman SCHEIDER" PERALTA and
NOES: NONE
ABSENT: Councilmen FURLONG and LEVY
T. J. FURLONG
City Clerk of the City of
Vernon, California
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