HomeMy WebLinkAboutOrd. No. 1924-160,; ;
011DINIAN CE NO. 160
AN ORDINANCE OF THE 0IT-7 OF ELSINORE
PROVIDING FOR THE ISSU_ CE OF BONDS
OF SKID CITY IN THE AiiOUNT OF $28,000.00
FOR THE ACQUISITION, CONSTRUCTION AND
COMPLETION OF A SEWER SYSTMI FOR SAID
CITY, AND FOR THE REDIWiPTION OF SAID
BONDS.
EHEREAS,_pursuant to Resolution No. 101 and Ordinance
No. 151 of the City of Elsinore, a special election was duly and
regularly held in said City on the 14th day of April, 1924, at
which election there was submitted to the qualified voters of
said City the following proposition, to wit;
Shall the City of Elsinore incur a bonded
indebtedness of Twenty -eight thousand dollars
(4280000.00) for the purpose of the acquisition,
and completion by the City of Elsinore of a cortain
;aunicipal improvement. to wit:
A system of .works for the treatment and disposal
of selvage from said City of Elsinore, including
the acquisition of lands fo-r server farm purposes,
the acquisition, construction and completion
of a treatment plant and a sludge bed for treating
said sewage, the reconstruction of the outfall
sewer pipe line of said City, the acquisition of
a se-,.-,;age pump, the 'reconstruction of the ser.age
pumpirag plant of said City, axed the affouisition of
machinery, equipment, apparatus, materials, lands,
easements, rights of .gray, and property necessary
therefor? And,
'ITI;REAS, said proposition 'received the affirmative vote
and assent of more than to -uo- thirds of all the qualified voters of
said City voting at the said. election and the said City is ro-w
authorized to issue bonds in the amount and for the purpose here:ian.
before spccifieda
NOVI. TH'R4,FORf,, the Board of Tr-stees of the City of El-
sinore do ordain as follo�zs .
SECTION 1e That bonds of the City of Elsinore, in the
amount of t enty -oig# t thousand dollars (<$ '28,000.00), be issued
and sold for the purpose set out in the recital hereof. Said bonds
shall be designated _JINICIP=L SLYER BON
DS 1924, Said bonds shall be
twent -, -eight in number, r mber from one (1) to t,enty- eiqht (28),
inclusive, and shall be of the denomination of One thousand dollars;!
( 1,000) -a 9 C'7_'l. All of said 'fonds S ^_,^ -;, �.1 be dated J1%1V 1, "f_9w4 AlOYk'd�l !.
No. 1 a_a:_l be �a.yable July 1, i .'25, and one of. said bonds, in n>a-
'.ierlcal order, Ci° :.'01 4n-1t_al eJ,C -Year �'. T?er.^.. �. e
4 i -y- - j 't r until
all of said bonds are paid. Said bonds shall bear interest at the
rate of five, and one half per cent (5 1%2 %) per annum, payable
semi- anr_ua ly, on the first days of January and July of each year,
.Both principal and. interest of said bonds shall be payable in lawful
money of the United States at the office of the City Treasurer of
the Ci' ,* of Elsinore in said City.
SECTION 2; That the executive of said_ city, to YT_ the
President of the Board of Trustees of said, city, and. the Treasurer
of said city, are h2reby authorized and. directed to sign all of
said bonds and the City Clerlr is hereby authorized and directed to
}
covn'—rS'.Fn said bonds and to affix thereto the corporate seal of
Said city, and the Trea.s —r-er o_' said City is hereby authorized. ea'1d
directed to Si?n. the interest coupons of Said bonds by his printed,
litho? 'U: ed Or en ra.Ved ,'•?GS ill 5i.,ma'CU.Pe, and to n:7S beg 7.
in to res'- coupons of each of said bonds cons eciltively,
SECTION That all of said bonds shall be issued in ac-
cordance with t',, -- lJ= 'OVisi s of an <`-`.ct of the Legislature of the
State of California, entitled: "An Act autho-^ .'rt the incupping
of indebtedness b7 cities, to.Ens and mu nicinal ccr, o ations for
run is inal :i;Ctpro Ve7fer's, an( PP..;',>u 1,. „�' 2 _.:e �,ufs =t4on, COn.S i�rliCt= .27i'1
'n 'n �? n. ?- ^„ -?e?ft .h L nt^, a?`�te -' �S .?i nv-
alms amenaat=7 tnalleof ...id tl_tereto.
SBGr,.ON 4: That said bonds a. °d the coupons for the
eSt i In-.'eOf Snail be issued 171 S')bS tar -t ia.i.l y the f0110`; �'
J1n� Orme _..
u? ST' D STATES OF A1,E +RICA
STATE OF CALIFORNIA
CITY OF ELSINORE
0MITICIPAL SE01ER BOND 1924
No. $1,000,00
The G1W OF SLR AR9, a Inumicipal corporation, si taated. in the
Coanty of Riverside, State of California, FOR VALUE RECEIVED here-
by aclik o-uledges its 711debted -mass and. ^romiseS to pay to the bearer !
t
hereof, at the office of the Treasurer of said city, in said city,
Z
x.
seems,
the sum of ONE THOUSAND DOLLARS (41,000), in lawful money of the
'United States of America, on the first day of July, 19
interest thereon in like lawful money at the rate of five anal. one -
half per cent (5 1/2) per annum, payable semi - annually; on the fix
days January and July of each. and every year from the date hereof
until this bond is paid, on presentation and surrender of the re-
spective interest coupons hereto attached.
This bond is issued b'7 the CITY OF ELSIIORF under and in pursuan
of and in conformity with the provisions of an Act of the Legislat
of the State of California, entitled.: "An Act authorizing the incu
ring of indebtedness by cities, tumm and municipal corporation for
nimieipal improvements, nand regulating the acquisition, construct
and completion thereof," ,,Thich became a lal.r February 25, 1901, and
acts amendatory thereof and supplementary thereto, and Ln pursuance
of the laws and constitution of the State of California, and the
Ordinances of the City of Elsinore, and is authorized by a vote of
more than t:,ro- thirds of all the qualified voters of said City of
Elsinore voting at an election duly and legally called, held end
conducted in said City of Elsinore, on the 14th day of April, 1924.
i
tT i3 . RE3° CERTIFIED, R }CIZLD rd`iD D GLARED that all acts, con-
ditions and things required by la"J to exist, happen on,-' be performied
nrecedent to and in the issuance of this bond have existed-, happened
and been perforr. ed in due t Lm e, form end- mannar as required by laN
and'that the amount of this bond, togetti)er with all other ind: bted. -i
ness of said city, does not exceed any debt limit prescribed by the
lamrs or constitution of the State of California.
i ':'I2 ESS .tu REOF, said City; of Elsinore has caused this bond for
be sif_1ed by the Preside: ^t o.'.' t''e oar`1 Of Trustiles of city,
n e nr a e e 't ar", s -n' -t�j`
and b -. i��s - r.: fsu'r. , and cor �:. r s i1 d by the Cl _ cw _ .. C
and sealed. -kit?_ the corporate soal Of so.id. City, and has caused th.e
interest cou -cons ho_r?F7 at zc.!'?ed to be S ,ned- by its Trea.^L'.rer.
L. B. Tayloy,
(3e,a )
P1 °esident _. .,i7- !hoard Of Trustees
Of t?1e Cit`,, 0�° EIS ^Ores C-r.11f OrI'1ae
BLelle 'Walker,
Treasurer of the City of Elsinore,
Cal if ore la.
Count- rs°gced;
"illiam erbert
Clerk of tl: City of Elsinore, California.
(Coupon Form)
No. w27.5C
On the first day of , 19 ,
the Cit7' %of Elsinore, California, .;i17_ pay
to the bearer at the office of the City
Treasurer of said city, in said city, the
d 50% 100 ( 4.,27. `0 )
suT� of. T-%rent;r -s even ar.�,..
dollars, 9n .la,,,rff ,1 money of the United
Sktabes of America, being the semi- annual
interest then due on 'iJnicipal Se-aer ;Bond
No.—
SECTION
Trustees of said
proceeds of the
dated Dolyy 1st, 1924.
BELLE WILK&i
Tr,ea.s )wrer of the City Of it,
5e
That said bonds shall be sold by
city -as they may hereafi ^' 3`e-rmime
,ale of sa. ,_d bonds sl 0 -11 _'or th-a; =th be
Lsin_ore.
the Board of
and that the
tuoned over
and placed to the credit of Fund of the City of Elsinore, to be
lino &n1 as '1192 - ;'T''. CIPAL SE -E123 BOND 51-M .°�, n and shall be used e'2
Psl "clvely for the acm-isit on, construction and corrode ion of the
municipal LI-orove,nont described in the recitals hereof.
,SECTION 5: That for the purpose of paying the principal
and interest of said bonds, the Board of Trustees of the City of
Elsinore shall at the tinge of fILZ1mg the general tat levy provided
levy and collect annually each year until said bonds are paid, or
until there shall be a sum in the treasury of said city set apart
for that purpose sufficient to meet all sums con ing due for the
principa.l and inte-rest on said bonds, a tai: sufficient to pay the
ainival interest, on said bonds, and also such part of the principal
thereof as shall become due before the bone for fixing the next
general tax levy. Said tali shall be in addition to all other taxes
levied for municipal purposes and shall be collected at the time
and in the same manPer as other '_ "C:tLlicipal taxes are collected, and
shall forthai'uh be turned over an.o: ,,;id into a fund of the City of
Elsinore, to be Umovr27 as 1924 ! wl 1L Sz&- R BOND INTL, EIST AND
BOND ?";a ,IPIPIO N 1~ T?Lq R Said fund shall be used for no other pur-
pose than the payment of said bonds and accruing interest thereof.
SECTION 7s That the City Clerk shall citify to the passag
and adoption of this Ordinance by a vote of more than two- thirds of
all the n- embers of the Board of Trustees of said city at a regular
meeting of said. Board, and shall cause this Ordinance to be pablish
ea,m
K
!mar
V1<
once in the ELSINORE VALLEY PRESS, a ne- wspaper of general cireulatia
printed and published in said City of Elsinore.
SECTION B: That this Ordinance shall take effect thirty
days after the final passage thereof.
ADOPTED, SIGiED and APPROVED this 16th day of June, 1924.
( SEAL.
L. B. TAYLOR,
President of the Board of Trustees of the
City of Elsinore, California.
ATTEST:
{.IILLIAK HERBERT
Clerk of the City of Elsinore, California.
STATE. OF CALIFORNIA )
COUNTY OF REVERSIDE) )ss.
CITY OF ELSINORE )
I, `i'IILIlAr HERBERT, Clerk of the City of Elsinore, California, do
hereby certify that the foregoing Ordinance was introduced at a
regular meeting of the Board. of Trustees of said city, duly held on
the 16th day of June, 1924, and was thereafter at a regular meeting
of said Board of Trustees duly held on the 23rd of June, 1924, duly
passed and adopted by said board and thereupon duly signed and ap-
proved by the Predident Of said Board and that said Ordinance ante '. as
adopted by the following ing voto9
AYES: Trustees L. B Taylor, M. Harmon, J. H. Bell, A. E. Bacon.,
1. P. McSwain.
HOES: Trustees: None.
ABSENT: Trustees: None.
(SEAL)
7ILLI -;.: HERBERT
Clergy, Of the City of Elsinore,
California.
July 3 -10