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HomeMy WebLinkAboutORD NO 126 '%, "~t' .... AN ORDINANCE AMENDINO SEOTIOI~S POUR, SIX AND SEVEN of NO. 119 ENTITLI~D "AN ORDINANCE DECLARING THE RESULT OF THE ELECTION HELD IN THE CITY OF BAKERSFIELD ON MAROH 15, 1907 AND PROVIDING'. FOR THE ISSUe, SALE AND REDE~PTION OF B0~B 0~ ~ SAID CITY IN AccoRDANCE WITH T~ RESULT OF SAID .,P...CIAL ELECTION~" passed BY ~ BO~D 0F TRUSTEES OF ~6E CITY Ol~ BAKERSFIELD 0N T~ BaRD DAY ~F APRIL, A. D. 1907. The Board 6f T~stees of the 0ity of Bakersfield do ordain as follows: Section 1. S$ction 4 of Ordinance No. ll9 declaring the result of the e~cial elation held in the Oity of B~ersfield on March 25, 1907, .. and providing for the issue,, sale and red,priori of bonds of the said OitM in accomdance with the result o~ said special election, is hereby. ~ded to read ~s follows: · Section 4. For the p~poses above n~ed there shall be issued one hunted aha tw~ty bonds, an~ said bo~s shall be issued in the denomination of one thousand dollars each. Said one hundr~ and twenty bonds shall be number~ consecutively from one t6 one hunted and twent~ inclusive, said bonds shall be payable in la~ul money of the United Sta~es at the of*ice of the Trea~rer of the City of Bakersfield. At~ ~h~ to each bond shall be interest coupons, each coupon being for $22.50 and said interest coupon shall be payable in lawful, money of the United States, at the office of the Tre~er of the said Oity of B~ ers field. Section 2. Section 6 of Ordinance No. 11~ ~31~i~g the res~t of the sp~lal election held in the City of Bakersfield on M~ch.25, 1907, and providing for tho issue, sale and redemption of bon~ of th~ ~aid OitM'ln'acco~ce'with the re~lt of said special election, is here~y a~nd~ to re~ as follows: Section 6. The fo~ and lan~age of ~aid bond shall be substantially as foll ~s: UNITED STATES .(~' A~fERICA State of California. ' '~".""(~"~,' ond 1i00 ? . SEW.i'~R BOND of the '" City o.~' Bakersfield. On the *irst day of l~ay, A. D., 19~.~ the City of 'BaXersfield, a l~.I~lcipal C~poration, incorporated ~der the laws of the State~ Califo~la for ~,alue ~eeived, hereby promises to pay to the be~er at the offl~ of the Treas~er of said City in the City of Bakersfield, Gouty of Ke~, State of Califo~ia, the ~ of One thou~d Dollars in lawful money of the United States, with interest thereon in like.. money from the date hereof at the rate of fo~ and one half per cent per ann~, payable semi-a~nually, at the office of the Tream~er of sal~ City on the first days of November and May of each year upon the presen- tation ~d s~render of ~e proper interest coupon hereto attache. This b~d is one of e~e hundred and twenty of like date, tenor and eff~t issued by the city o~' Bakersfield, for the p~pose of acquiri~ and c~st~cting a main aha outfall sewer systam, togeth~ with d~sposal pl~t and site or tract o~' l~d upon which the same ma~ be looat~ and constructed, ~d that said main and outfall sewer system, togeth~ with disposal plant and site or tract of la~ ',u~on which the ss.me may be locat~ and const~oted, are necess~y ~d convenient to carry out the obj~ts, purposes and powers off the City of Bakersfield, and to pr~ote the sanitary eond~$.i~a o* saidCity and the health of the inhabitants ther~f and which are to be used for m~iclBal pur~ses b~ the said City add ~e inhabitants th~eof, and is issued ~der and in pursuance of and~ in conformity with an Act of the Legislatt~e of the State of Cal~ornia, entitled "An Ac?, authorizing the in~rring of indebtedness by Cities, Towns and M~micip~ Oorporat~s for Municipal improvements and Me~lati~ the Aoqulslf. ion, (I~struotion and Completion theweof" In effect Feb~ary 25 , 1901. And it is hereby certified, asserted and declared:, tha~-.this .bond is issued in pursuance of and in conformity with the Constitution and laws of the State of California, and the ordinances of the City of Bakersfield, and in pursuance and in conformity with a vote of more than two thirds of all. the qualified electors of said City of Bakersfield voting at special election duly and regularly called and held in said City as provided in s.~.id Act, on the 2.Sth dam of March, 1907, notice thereof having been ~'t. ly and regularly given and publish.ed in the marmer and ~or the period required by law. It is further certified anl declared that all the provisions and requirements of the Constitution and laws of the State of California, and of the ordi'nan ces of said City of Bakersfield, have been duly, i-egularly an~t fully complied with by She proper Officers of said City in the issuance of this bond; end the total indebtedness of the City of Bakersfield, including the indebtedness evidenced by this issue of bonds does not exceed the limit prescribed by the Constitution and the 1s~s of the State of California, This bond ceases to bear interest unless presented at maturity for payment. In Witness Whereof the s~.'id City of Bakersfield, by itsBoard of Trustees, has caused -his bond to be signed by the President of its Board of Trustees, and Treasurer cf said City, and to be countersigned by its said Clerk, and has caused its City Clerk to affix hereto.' the Corpora.ate Seal of the said City of Bakersfield, this first day of Nay, in the year of our ;:ord, one thousan~ nine hundred and seven. President of the Board of Trustees of the City of Bakersfield. Treasurer of the City of Bakersfield Cot~ tersigned: City Clerk of the City of Bakersfield. The interest cou~ons attache~ to said bonds shall be substantially in the roi!owing ~orm an~ lanffuage: Coupon No.. . $22.50. SEWER BOND~ of the,'" City of Bakersfield. On the first day of ~ 19_____-the City of Bakersfield will pay to the bearer hereof at the office of the Treasurer of said City, in the City of Bakersfield, County. of Kern, State of California, the sum of twenty-two dollars and fifty cents, lawf~.~ .money of the un,ted States, for semi-annual interest to that date upon its 8ewe~ Bona ..No. ------ Dated May l, 1907. Tre.asu~er of the City of Bakersfield. Sec,.ion S. Section 7 of Ordinance No. ll9 of the City of Bakersfield declaring the result of the .~pecial election held in. the City of Bakersfield on March ~5, 1907, and providing for the issue, sale and redemption of bonds of th~ Said City in acco2dsnce with the result o..* .~aid sp~.cial electio~ is hereby amended to read as follows: Section 7. The President of the Board of Trustees, the Treasurer and the City Clerk of the saiQ City of Bakersfield are hereby authorized and direc?ed to sign and execute all said bonds as of the date of Hay 1st, ~907, an¢;. said City Clerk is authorized and directed to affix to each of said bonds the corporate seal of ssid City of Bakersfield, an~t +he signiture of said Treasurer shall be lithoEra.~hedon all of said. interest coupons in substantially the manner and form prescribed in Section 6 of this ordinance. And the acts of each of them in so doing are hereby .. declared .and shall be construed to be..both for his.official, self and for the said City of Bakersfield. The 6ommittee on Fi~nceof the Board of Trustees is hereby authorized and directed to supervise the printing snd execution of said bonds and coupons. Sect.ion .4. All ord.tnancee and parts of ordinances in conflict ......... " h erew ith are he',eb¥ repealed. . ....~.~.~:. Section 5. This ordin;tuce shall take effect and'be in full fo~e ~r'om and after its passage , approval an~ publication and shall be published by being printed in the Bakersfield Californian, a newspaper priuted in said City of Bakersfield, according to law. Pa,~.~ed by the following vote ~his ~',~, day of July, ~. D. 1907. Noes: Trustees ~~..~ Ab"'el~LiL..~.rus tee s Z~ * off the City of Bakersfie d. C it-~C~~f the Olt~ of Bakersfield. I hereby sphere tbs *oregoing ordinance this~ * d~y of July, 1907. President of the Board of~ll~st~es City o~ B~ersfteld.