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HomeMy WebLinkAboutRES NO 22-411022 41' A RESOLUTION OF THE COUNCIL OF THE CITY OF BAKERSFIELD, CALIFORNIA, RELATING TO THE ISSUANCE OF STREET IMPROVEMENT BONDS PURSUANT TO RESO- LUTION OF INTENTION NO. 631, DETER- MINING THE AMOUNT OF UNPAID ASSESS- MENTS, PRESCRIBING THE DENOMINATIONS OF SUCH BONDS AND PROVIDING FOR THEIR ISSUANCE WHEREAS, pursuant to statute, notice of filing list of unpaid assessments was duly given in the manner and form required by law, that the warrant, assessment and diagram recorded on the 5th day of August, 1941, for the work and improvement made by Griffith Company, a Corporation, under that certain contract awarded to it, on the 25th day of November, 1940, for the grading and paving and otherwise improving a portion of Twenty -first Street in said City, known as "Public Improvement District No. 63111, and that the said warrant, assessment and diagram were returned to the Superintendent of Streets, together with a written statement of all payments received upon the said assessment, and after the full expiration of thirty (30) days from the date of said warrant, the said Superin- tendent of Streets duly made and filed with the City Clerk of the said City of Bakersfield, California, a complete list of all assessments remaining unpaid upon the said assessment, which list is now on file in the office of the City Clerk of said City, now upon evidence shown this Council determines that the assessments therein mentioned were then unpaid, the total aggregate thereof being the sum of Four Thousand Nine Hundred Fifty Eight and 35/100 ($4,958.35) Dollars. -1- That assessments numbered 1, 2, 8, 910 19, 22, 23, 25, 26, 253, 450 46, 47, 48, 49, 58, 59, 84, 87, 88 and 89 agErepgating ONE THOUSAND FIVE HUNDRED FIFTY TWO AND 34/100 DOLLARS 01,552.34 ) and no others have since been paid or partially paid, i since the filing of the said Street Superintendent's list of unpaid assessments, and that there now remains unpaid the sum of THREE THOUSAND FOUR RMIDRED SIX AND 01 /100 DOLLARS (``4''3,406.01 ) upon the assessments shown upon the said list other than those hereinabove last noted as having been paid, or partially paid. Reference is hereby made to Resolution of Inten- tion No. 631 of the Council of the City of Bakersfield, California, adopted on the 21st day of October, 1940, for a complete description of the work herein mentioned, and also tc the list of unpaid assessments filed as above noted for the assessments unpaid, and WHEREAS interested persons were notified in the manner required by law to appear before the Council of the City of Bakersfield, California, in the Council Chamber of the City Hall in said City, at the hour of eight (8:00) o'clock P.M., of Monday, the 22nd day of September, 1941 and show cause why bonds should not be issued upon security of the unpaid assessments shown on the said Street Super- intendent's list, and WHEREAS, notice was duly given in the manner and form required by law, that serial bonds to represent un- paid assessments bearing interest at the rate of five -2- per cent (5 %) per annum will be issued hereunder in the manner provided by the "Improvement Bond Act of 1915 ", as amended, the last installment of which. bonds will mature four (4) years from the second day of July next succeeding* ten (10) months from their date. And all interested persons having; appeared before this Council and having been given full oppor- tunity to shove cause why bonds should riot be issued upon security of the unpaid assessments shown on the said list, and all objections presented laving been heard and considered, NOW, Tff?_�REFORE, BE IT RESOLVED, tha t the Council of the City of Bakersfield, California, does hereby find and determine that no cause hss been shown why bonds should not be issued upon security of the unpaid assessments, and does hereby overrule all objec- tions hereto, and does hereby direct the issuance of the said bonds, and BE IT FURTHER RESOLVED, that serial bonds shall be issued upon the security of the said unpaid assessments to the said amount of THREE THOUSAND FOUR HUNDRED SIX AND 01 /100 DOLLARS. ($3,406.01). The said bonds shall be five (5) in number known as Series 531, and shall be dated the 22nd day of September, 1941 and bear interest at the rate of five per cent (5%) per annum, and the denominations of the said bonds and the dates of the respective maturities thereof, shall be as follows: -3- Bond Number Amount Date of Maturity 1 ve 681.20 July 2nd, 1943 2 681.20 July 2nd, 1944 3 681.20 July 2nd, 1945 4 vv 681.20 July 2nd, 1946 5 � 681.20 July 2nd, 1947 Total 0,406.00 The first coupon of interest shall be for interest from the 5th day of September, 1941 to the 2nd day of January, 1943, and the several coupon3 of inter- est thereafter shall be for the semi - annual interest, and BE IT FURTHER RESOLVED, that said bonds shall be signed by the Treasurer of said City and counter- signed by the Clerk, who shall affix thereto the official seal of said City; the interest coupons affixed thereto shall be signed by the Treasurer or bear his engraved, printed or lithographed signature in place of his signa- ture by hand, and such signing and sealing of said bonds by said officers, and signing of said coupons by said Treasurer, shall constitute and be a sufficient and bind - ing execution of each and every one of said bonds and all of the coupons thereof respectively. Said bonds shall be prepared substantially in the form prescribed by Section 6 of the said "Improvement Bond Act of 1915 ", as amended, and -4- old, o and 01" t:ac sal�_' u-,-:t-,wAzed and, dl�-UC d to C101i x PLI c Tj o D -n I ft s U L7 0 0 IMC I " U t e Cl- t 0 (' % -'� " P -: 'I L; azwacmacat "actl (M O'�' t*?1C "'AL-a""I'co �h'e Luld V1CLr:?W-"1t* ic e 0 01—ti oil t ':Ozmo 101LI on oc 'i' Al b- -�O l'ol3ovr1a. vote, 6e" 4-0-`f0Or$ pFS: fLEMENTS, VJ11RWR'L!UKE. NORM, SIEMON, SMITH, SOLLERS, VERCAMIAEM NOES: ---------- - -------------------------- ASSENT! - - -- -------------------------- OIL' 717Y-773'