Resolution No. 2864
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1 RES()~P11'ION NO. '2864
2 A RESOLUTION OF THE .cITY COl1NCIL OF THEC.lTY OF VERNON DECLARING
ITS INTENTION TO DESTROY CERTAIN BONDS REMAINING IN THE POSSESSION
'.5 OF. THE. CITY, c, FIXING THE TIItQ!1.AND PJ:.4C,E' OF DESTRUCTION, AND .
DECLARING A NEWSPAPER PUBLTSmmAND CIRCULATED WITHIN THE CITY OF
4 VERNON.
5 THE CITY COUNCIL OF THE CITY OF VERNON RESOLVES AS FOLLOWS:
SECT'ION 'I: That it is the intention of the City Council
of the City of Vernon to destroy certain executed but not sold and
disposed of bonds pursuant to authority granted by Section 43900 of
the GoverUlentCode of the State of California, said bonds more
partj~ula~lydescribed as follows:
Municipal Improvement District No. 2 Bonds;, in the
to~l amount of Twenty-Five Thousand Dollars ($25,000.00),
l1U1lbered 101 to 125, inclusive, indenom.inations of One
TbousandDollars ($1,000.00) each.
S'ECT'ION2: That the City Council of the City of Vernon
finds and deems it desirable to destroy said bonds for the follow-
ing rea.sons:
(a> one Hundred, Twenty-Five Thousand Dollars
($125,000.00) in Municipal Improvement District No. 2
Bonds were authorized and issued for the installation
of.certain. sanitary sewers in certain' public streets.in
the Ci-ty>of Vernon byaSpecialElection held o.nKlirch
25, 1930 (llesolutionNo. 580), but only One Hundre<J
Thousand Dollars ($100,000.00) of said bonds (numbered
one (1) to one hundred (100) inClusive) were sold to
cover the cost of said improvements;
(b) All expenditures in connection with the
improvements of this district as contemplated by this
bond issue have been eo.pleted; and
(c) All outstanding bonds sold'forthe imptovelflent
of this district have been redeemed by the City of Vernon;
(d) That all bonds were voted to be issued fo;r. a
26 municipal purpose;
27 (e) 'C That all of said bonds have been executed, bl,lt
not sold al1ddisposed of; and
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(f) The sale and disposal of the bonds is deemed
by the City Council of the City of vernon to have become
inexpedient, and their destruction desira.ble.
32 hereby finds that there is no' official newspaper in the CitJof
SECTION 3: That the City Council of the City of Vernon
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vernon, and that there is no newspaper designated by said City
Council of the City of Vernon published and circulated. in said
City, and that, pursuant to the provisions of Governaent Code
Section 6042,the City Council of the City of Vernon finds that
the Los Angeles Daily Journal is a daily newspaper of general
circulation within the City of Vernon, and circulated within the
City of Vernon, and that the same is a newspaper of general
circulation published nearest thereto.
SECTION" 4: That pursuant to Section 43901 of the
10 Government Code of the State of California, notice of intention
11 to destroy said bonds shall be published in the Los Angeles Daily
12 Journal four successive weeks prior to destruction.
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SECTIONS: That the notice of intention shall state:
<a) The time and place of the destruction;
(0) The reason for the destruction; and
(c) The general description of the character and
amount of the bonds.
SECTION 6: That the 6th day of December, 1966, at the
19 hour of 2:00 o'clock P.M:. , in the Council Challlbers of the City
20 Council of the City of Vernon, in the City Ball, located at 4305
21 Santa Fe Avenue, in the City of Vernon, is the time fixed for the
22 City Council to publicly destroy 'the bonds as described in this
23 Resolution and in the notice of intention.
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SECTION.7: The City Clerk of the City of Vernon is
25 hereby directed to certify to the passage of this Resolution, and
26 thereupon and thereafter the same shall be in full force and
27 effect.
28 ADOPTED and APPROVED this
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1 STATE OF CALIFORNIA )
) ss.
2 COUNTY. OF LOS ANGELES )
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4 I, F.A. ZIEMER, City Clerk of the City of Vernon, do
5 hereby certify that the foregoing Resolution, being Resolution No.
6 2864, was duly adopted by the City Council of the City of Vernon
7 and approved by the Mayor of said City, at a regular meeting of
8 the City Council, which meeting was held on November 1, 1966.
F. A. Ziemer, City Clerk
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NOTICE OF INTENTION
(FOR DESTRUCTION OF MUNICIPAL BONDS)
NOTICE IS HEREBY GIVEN BY THE CITY COUNCIL OF THE CITY OF VERNON
THAT THE CITY COUNCIL OF THE CITY OF VERNON INTENDS TO DESTROY
CERTAIN EXECUTED BUT NOT SOLD AND DISPOSED OF BONDS, PURSUANT TO
THE AUTHORITY GRANTED BY SECTION 43900, ET SEQ. OF THE GOVERNMENT
CODE OF THE STATE OF CALIFORNIA, SAID BONDS BEING MORE PARTICULAR-
LY DESCRIBED AS FOLLOWS:
Municipal Improvement District No. 2 Bonds, in tbe
total amount of Twenty-Five Thousand Dollars ($25,000.00)
numbered 101 to 125 inclusive, in denominations of One
Thousand Dollars ($1,000.00) each.
That said bonds will be destroyed on the 6th day of
December, 1966, at the hour of 2:00 o'clock P.M., in the Council
Chambers of the City Council of the City of Vernon, located in
the City Hall, at 4305 Santa Fe Avenue, all in the City of Vernon,
State of California.
That the reason for the destruction of said bonds is as
follows:
(a) One Hundred, Twenty~Five Thousand Dollars
($125,000.00) in Municipal Improvement District No. 2
Bonds were authorized and issued for the installation
of certain sanitary sewers in certain public streets in
the City of Vernon by a Special Election held on March
25, 1930 (Resolution No. 580), but only One Hundred
Thousand Dollars ($100,000.00) of said bonds (numbered
one (1) to one hundred (100) inclusive, were sold to
cover the cost of said improvements;
(b) All expenditures in connection with the
improvements of this district as contemplated by this
bond issue have been completed;
(c) All outstanding bonds sold for the improvement
of this district have been redeemed by the City of Vernon;
(d) That all bonds were voted to be issued for a
municipal purpose;
(e) That all of said bonds have been executed but
not sold and disposed of; and
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(f) The sale and disposal of the bonds is deemed
by the City Council of the City of Vernon to have become
inexpedient, and their destruction desirable.
Dated at the Office of the City Clerk of the City of
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day of November, 1966.
Vernon this
~"".O~_AD.J ,
;: ~.~' ~:::~6i't'y Clerko'f" .
the City of Vernon, California
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