HomeMy WebLinkAboutORD NO 92 1 0RDINKNCE
2 No. 92.
4 An Ordinance declaring the result of the special election
5 held in %he City of Bakersfield on October 20th Igos, and '
, 6 providing for the issue, sale and redemption of bonds of the
? said ~ity in accordance with the result of the said special
i 8 election.
10 Whereas, this board did at a regular meeting held .on the
1! 6th day of Sul~"lgOS adopt a-resolution declaring and
. 1S tha~ the public interests and necessity demands the acquiring
, IS and eonst~c~ing of a new engine house, and Dart of a site.
14 for, new cl~emical f~re engine, new steam fire engine, repairs
, 15
on old steam fire engine, water heater for ste~a fire engines,
, 16
new hose wagon, new fire hooe, horses, harness, and an electric
17 -fi~¥alarm system, eot t'he use ce said city and its '~habitants,
I ' .
~ 16 and that the cost theredf will be t~o'great to be paid out
1~ Of t,he ordinary annual income and revenues of seid city; and
20
Whereas, ~his board did at a ?egular meeting ,held on the
21 8th day of September A. D. 190S by an ordinance then adopted
22
by at leas~ two thirds of this board, and approved by the
president of said board, call a special election and submit
%o ~he qualified electors of said city of Bakersfield the ..
proposition of incurring a m, nlicipal indebtedness of thirty-five
thousand dollars for the purpose of acquiring and constE~cting
a new engine' house and par~ of a site therefor, new chemical
I' .2.s_ ,- ,"
~9 engine, water heater for steam fire engines, new hose wagon,
SO ":'"
new fire hose, horses, harness, and elee~io fire alarm
. .. S! system, by said city for the use of said city and it~ inhabi-
tants, and fixing October ~0th, 1905, as the date for holding
(~)
.\
! said election; and
S Whereas, said election has been held as provided by law
S and the ordinances of this cit~, after due and legal notice,
and the election board having canvassed the votes cast at
6 said election and deposited their return thereof with the
~. e Oity Clerk, and ~his board having canvassed said return; now
? therefore,
: S The Board of T~'i~stees of'the City of Bakersfield,
9 Do Ordain~ as follows:
: 10 Section 1.
· tt is he~eby.declar~d that at said special election held
11
: 1M on Octobe2 20th 190S at which the proposition of incurring a
I IS municipal' indebtedness of thirty-five thousand dollars.. _f°r
1, the purpose of acquiring and const_~ucti$~.~ new engine house,
fir~
16 and part .el a site therefor, new chemical engi~,'new ste,.~m
,l" le f~'".'engin.;, repairs on old steam ~ire-engi-ne~.-water hea~er
17 fO? steam fire engines, new hose wagon, new fire hose, horses,
Ia harness, and an'electric fire alarm s~s%e~a, b~ said city· of
i 19 Bakersfield ~Or 2he use of said city and its inhabitants,
~0 was submi~ted ~e the qualified steerers o~ said. city,
' M1 whole number of votes east b~ the electors voting therea~
MM was A~$; that the whole number of votes east in favor of
I MS the proposition of incurring said municipal indebtedness
.I ~, was.SSS; 2hat ~he whole number of votes cast against the
· ~5 propositio~ of ine~ring said r~miciDal indebtedness was ~7;
Se and the whole ~mber o~ votes ~eJeeted was One; that SSS
~? electors voting a~ said election, ~hat numbe~ being more
than %wo-thi~ds of all of the electors voting at said electio~,
29 having voted in favor off incurring said municipal indebtedness
~0 of thirty-five thousand dollars by said city of Bakersfield
~1 and the issu.anee of the bonds of said cit~ to that amot~lt
~M therefor, for the purpose above mentioned, is deslared to
I be de~eemined,aceep+,cd and authorized.
2 Section 2.
S The Oi+.,M of Bakersfield shall incu~, an lndeb~,edness of.
4 third-five %housand dollars for the object and purpose of
./ 6 aeq~'~inE ~d considering a new engine house, ~d pa~ of a
~ si'~e +,he~efor, new chemical fi~e engine, new ste~ fire engine,
7 repairs on old steam fire engine, water heater for ste~u fire
8 engines, ~ew hose wagon, new fire hose, horses, harness, and
9 ~ electric ei~e ala~ sMs~em, fo~ the use of said city ~d
10 its inhabit.~s.
1~ Bonds of said OitY ce Bakersfield e,~ideneing said
1~ indebtedness mhall be isled in the ~o~t of thirty-five
14 thousand dollars~ of ~he n~bev, denomination and character
~ 15 hereafter desi~ated.
1~ ~eetion 4.
17 vor th~ purposes above n~ed there shall be issued, thirt~
18 five bonds, ~d said bon~ls shall be issued in the denomination
1'9 of one ~housand dollars each. Said thirty-five bonds shall
~0 be n~bered consecutively from one to ~hirty-five inclusive.
21 Maid' bonds shall be payable in United States gold coin at the
2~ office of the Treasurer of the Oity of Bakersfield. Attached
~ to each bo~d shall ,be interest coupons, each coupon being fo~
24 twemt~.do~l~s~J'.,iS~Id.thirty-~ive bonds shall be n~bered
~6 consecu~i'V;iI~"'fvom o~tto thirty-five inclusive, 'said bonds
. 27 ~tates gold coin a~ the office of the T~eas~e~ of said ~ity
~ 2f of. Bakersfield.
29 Section 5.
SO Said thirty-five bonds shall be pa~able in ma~er follew-
~1 ing: ~wo of said bonds on the follewing date, to wit, the
~2 first day of J~uary 1~05; and ~wo ce said bonds in n~erical
1 order on the same day and date of each and every year.there~
2 until all of said bonds are paid, at the City Treasurer of said
S city, together With the interest on all sums unpaid on said date:,
4 Eaid bonds shall cease to bear interest unless presented at
5 maturity for payment. Each of the interest coupons above men,z.
6 ioned shall ~epresent one half years interest due on the bond:'
7 to which it is attached, and shall be payable to bearer, and
8 %he number of coupons attached to each bond shall be equal to
S twice the n~nnber of years ~he bond has to ~.m beeore due~
10 Section 6~
11 The form and language of said bond shall be substantlall~
12 as fOllows~
1~ UNITED ETATE~ O~ ~{E~ICA.
14 St.ate of Caiifo~nia.
15
16 " '" IMPMOVEMENT BOND
17 o~ the
18 City of Bakersfield~
15 On the firs2 day of January A. D 19 the City of
20 Bakersfield, a municipal co~poration inoorporated u~der the
21 laws off the Sta~e of California, for value received, hereb~ ..-.
22 promises to pay to the bearer at the office ce the Tream~er
2~ Of said Ci~y i~ the Oity of Bakersfield, Cow.mty of Kern, Mtate
24 of california, the sum of one thousand dollars in gold coin
25 of the United States, with interest thereon in like gold coin
26 from the date hereof at the rate of fou~ per eent~ per annum,
27 payable semi-annually, at the office off the Treasure2 Of said
2~ the presentation and surrender of the proper interest coupon
50 hereto attached,
~1 This bond is one of thirty-five of like date, tenor and
32 effect issued by the City of Bakersfield for the purpose of
(4)
acquiring and constructing ew engine house, and part of
a site therefor,new chemica-~ fire engi~e, new steam fire engine,
repairs or~ old' steam fire engine, water heater for steam fi~e
engines~ new hose wagon, new fire hose, ho~ses, harness, ~d'
an electric fire ala~ system, fo~ ~he use of said oily ~d
its inhabitants, and is issued ~der and In p~su~ce of ~d
in oonfo~ty with ~ ~t of the Legislates of the State
of C~lifo~nia entitled, .~ ~t authorizing the incurring of
indebte~ess bM eities, To~s, ~d ~ieipal Corporations
for M~teiDal ImDrov~ents, and Re~lating the ACquisition,
Const~etion and Completion theweof', in effect ~eb~ary
~d i~ is hereby certified, asserted and declared that
this bond is issued in p~su~ee of and In eonfo~t~ with
the constitution and laws of the State of 0ali~ornia ~d the
ordinances of the 0ity o~ Bakersfield, ~d in p~su~oe
in conformity wi+.h a vote of more than two-thirds of all
the q, mlified eleetors~0f said City of Bakersfield voting
at'a special election dulM ~xd. re~tlarly called and held in
said city as provided in said act, on the 20th day of 0etcher
190S, notice thereof having been 4uly ~d re~a~lM given
and published l~ the rammer ~d for ~he De.lcd req~ed by law.
It is ~rther certified ~d d~el~ed that all the D~ovis-
ions and requirements of the constitution ~d laws of
~tate of California ~d of the o~dinanees of said City of
wi~h by the proper officers of said eitM In the issuance
of this bond; and ~he total indebte~ess of the Oity of
Bakersfield, including the indebte~ess evidenced by this isle
Of bo~ds, does ~ot exceed the ll~t prescribed by the consti-
tution and the laws of the State of California. The bond eease~
+,o bea~ interes~ ~lecs presented at mat~ity fo~ pa~en~.
1 In witness whereo~ t~e said City of Bakersfield, by its
~ Board of T~-ustees, has caused %his bond {o be signed by
S president of its said Board of Trustees, and Treastt~er of
4 said City, an4 %o be countersigned bM'its said ~ie~k, and
§ has caused i~s City Clerk to affix hereto the corporate seal
6 of the said City-of Bakersfleid this let ~ay of January in
? ~he year of ott~ Lord one thousand nine ht~dred and four.
8
9 ~residen% of the Board of Trustees of
the City of Bakersfield.
10
?reasurer of the Cit~ of
Cottntersigned
IS O~Y qle~k of ~he qi~Y of Bakersfield.
The in~eres~s eeuDens a~aehed ~ said bends shall be
subs~an~lsllM in ~he fellewing ferm and l~age:
COuDon No." ~0.00
.- IMPROVEMENT BOND NO.
~i~y o~ Bakersfield.
~0
On ~he ~i~e~ dam o~ ~9 the City of
Bakersfield will pay to the bearer hereof at ~he o~fiee of
the Treasurer of said City In the City of Bakersfield,
of Kern, State of California, the s~oF ~wen~M dollars, gold
coin of the United S~ates, Fo~ se~ annual interest ~o
date upon i~s Improvemen~ Bond No. ·
sO -~ ..~=,
Dated January lst,. 1904
s8
~eo~on ~.
SO
The P~es~aen~ o~ [~e ~o~ o~ T~[s~ees, t~e
a=~o~sed ~d ~eo~ed ~o s~ an~ execn~e all said bon~s
1. collected, and shall be used for no o+.her purpose %hah +,he
~ payment of said bonds an~ accruing in+~erest.
S Section lO,
4 This Ordinance shall +.ake effect from ~ after i+.s
/ ~ final passage, approval and publication, ~d shall be published
S by being printed in the Daily Californian, a newspaper' printed
7 in said City of Bakersfield, according to law.
-~ passed bM ~he following 7o~e this ~day of
S November A. D. I~0S.
~:~ ~;../oX~ .
........ ~"~ ~es~:
17 C ·
~0
-..
1 as of the date of 1st day of January 1904, and said Oity Clerk
is authorized and directed to affix to each of said Bonds the
corporate seal. of said City of Bakersfield, and the said Treas-t
4 urer to sign .all said interest coupons in substantially the
and
§ . manner form prescribed in section 6 of this ordinance. And
.- 6 the acts c~ each of them in so doing are hereby declared and
? shall be construed to be both *or his official self and for
said
rheAS!tv of Bakersfield. The Committee on ~in~'e of the Boar~
9 of TExs~ees is hereby authorized 'and directed to supervise ~he
10 'printing and execution of said bonds and coupcn~.
~! Section
!9 Maid bonds or any p~rtion of them may be sold by said
!S Board of T~ustees at not. les:~ than their, par value, and at
!4 public or private sale, with or without ?urther notice. The
!$ proceeds of the sale o, said bonds, or any of them, shall be
!6 placed in the Treasury of said city'to~he credit of the fund
17 ~ereb¥ designated, and to be _known as Improvement ~k~u~ N~nnber
' 18 One.'
1~ Eection 9. '~'
~ The legislative br~uch of sai~ city shall at the time of
91 fixing the general tax ~evy, and in the manner for such
99 general tax levy provided, levy and collect annually each
~5 year un~il the bonds herein D~ovided for are paid or until
94 the~e shall be a 'aum in the treasury of said. city set apart'
95 for that purpose to meet.all sums coming due for principal and
98 interest on ~uch bonds, a ~ax suFFicient to Day the annual ir
97 est upon such bonds and also such part o~ the Drincipql thereof
98 as s~all become due before the time for fixing the next general
tax levy. The taxes herein provided fe~ and required to ~e
50 levied and c'olleoted shall be in a,~dition to all other ~axes
~1 levied for municipal pur~ose~, and shall be toilet%ed at the
.59 sam~ time and in the sane m~lner as ot'her municipal taxes are