HomeMy WebLinkAboutCC Reso No 1925-120
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USOlitlTION ;&0. /)0.
A !E80Ll1!l'It'Hi<J,F TltE EOARD OF !RtJ8TEE.1;3: Oil THE CITY
01!1 ELSINOB.E, ~AL.lJ1l0:R1UA, O~DE1U.N G TIfE SALE 0F
ELS.:LNORE81l;I:CXPAL SEWER BOlfDS l~24, AlW OBDE1UNG
!\OfI CE G.I\t:E1 mltlliO:@.
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WiiEl:U~A8t P~$U:Mt~() ResQJ..utto.))1 No .1.01 and Ordinanoe
E!o. li:L of $a14 0111" 'liha questiQn ()).f whether oX' :not 1wenty...
~:tg1').'t theti1.$andd$l.lar.$ ($Z8,OOO)ofs.ewer bonds be issued
~ldsold waS <a-ulU$ubmlt'lied. to tl1e qualified elect/ora of
1924,
staid. Cit.y Oa1l. ~h.$ 14th i:i;a;f of Aprilt....~l'lds&id pro]!>Qcsition
W&,$dU1W apPlr<iiVEHi aIli$~:ta. bonds a.uthQj,r1~$d by a vo'lie. of
f110ra th~ tV'rQ'....thb'd.$~ftl1e (ro.al1fied e1e~t():rs of saidCl ty
vot1118' a.t said eHHltion; and
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W1:fEREAS, sa..id bonAe were o.rde.red issued and the form
the:;rtit(i)f prescribed bV 0J:'dinance No. 1'7& of said City, dul.y
passed a.ndadopt~j, atib~i sa.id Cit;y" is now auth.orized to sell
said ponda;
NGW', tgUFOU IT IS HEi~JiYiEa~LV.ED that all of said
bo~4sbe sold amd . that $$ia.le d ]1X'QPo$als a.it' bids f'o'1" the pur-
c.h:s.'se of sai.d bond,s be 1:eQeived by tb'tabaard Until 7: eo
o l()look P.M. Qn Itay 11, J.t~.5, atwn~f,i). t :lmeeaiCl. bids sZla:Ll '.
be ()]1ened lilil'ildsSi!'i .'.~tl~d$ award~d. to the a1gheat $l'ild best.
respoXl$1'ble 'b1tldew; end.
1m IT FT.1:RW~US()1V'ED that t.he olerk of this bQ~r&
p~bliSh notiQ$ ofaalaaale in t:he Lake Elai.nore Valley
Press ;for two eOlleso'U.tl've weeks and th.Qt said notice be in
substantially the following form.:
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JOTIOE OF lilAL$ OJ TUNfi-EIGHf fHOUSAJD DOLLARS
($2S,OOO) OF lttlmIOIPAL SEIE! BOllDS OF THE OITY
OF lLLSUOiE t CALIFOmrIA.
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NOTICE IS.I:tlSREBY GIVEN thatseal.abide or proPQsals
will 'be reoe:l.ved up to the hour ot 7:30 o'eloek P..., ~r
11, 1921, bl the Boari Cllf Trustee. of the tilt,o! Els1n.:re,
and a.t that time pultif.e3..1 opened e.nd read fo.r the purohase
ot Twenty-eight tbGu,.Ul. dellars (.28,000) of bonds of said
City. Said bonds $.TfJ designa:ted"llunieipal S('WCU" Bonds
1924", are ef the deno.ine.tion of $1,000 each, and the issue
consists of twenty-eight (28) bonds, nu.mbel"edone (1) to
twe;rrty-eight (2~n. lncluslve. Said bQnas are dated July 1,
:1..924, and are to be.ar In'terest at the rate of five and one-
halt per cent 10 {~)per ami_, palaole sexni..a.rmlu\,lly, and
JXl:$;ture one bond on J'li1.7 1, 1925, and one bellO. annuallY there..
~tter .Saiel bOlld-s .epe.1able in l&W~':~ll.eney O:f the United.
States at the Qfflo.QQ-f t. Cit1 !;re$.$'lu'er ofsa1.d 01 t;v of
Elsinore,
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Sai-a. b()t1d..~o~J,. tEl ..$0-'1(1 f0r<la.sll.~~~l.. $;!,l.~... .~,t ..nQlI
16$s than-p~'..~f:'~~~i~~.wt.tltie;r~,,~...j;e:j'rliti#.d lllU'StstS.tt
that the b1a.a.1'~f~.~~aJlw'. pl\lj+c;.~~~~.d1.nt~;;r.e~t tQ~1l.e
date of deliver;y, an:ds1;iate separately thepl'em.ium of'iZ'erett--
for said bonds. A eertitt.ed or oashier's oheok in the amount
et three per can't. (_)tf the amount of said bonds payable
to the said 01t1 ot Els1nOr& muatao<Jompan, eaoh bid as a.
guarantee that the bidder will. ifsuooessful, aocept and
pay for aa.id bOtldS.:tJ1l accordance with the termS of his bid
a.nd eald oneoks.hal1remain 1lil the hands of the Board of
'1'ru.$tee.. of$a.id Qity unt11 all of sa.ld. bondS a.re pa.id for.
Checks o:f unSucoessful bid-del'S w1.11 be returned. The Board
of Trustees reserves the right to rejeot any WId all bids.
The approvingt;ffl1don of Messrs. 0 'Mel v any ,Millikin,
TUller & Maoneil. attorneys of Los 1mle168, will be furnished
the purchaser by said atty-
~ls notice is given purauOO1t to a. resolution of the
Board. of Trustees ofsa.:id 01 ty adopted April 2'7, 1926.
Dated. Thie
2'7tbday of Aprl~ 1~5. r7 "
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(Seal) .LI-rE7't' Q~U~fC~
Cit~~~lerk of the City 0
El$:1nore, California..
Signed and approved this 21th day of April. 1925,
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