HomeMy WebLinkAboutReso 1923-96 ,ter•, ' . t ,
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,. RasowmlbN No.';96. • . '_ ', y « ,•
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t ' \l; ?; RESOLUTION OP-il. Arnr. s ' .
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WHEREAS, Forty-four thousand dollars n• 43•0001 • -,,•'
• • - - •' "-8f, bonds ofi tle'b•€i=ty q°f. Chula Vista,•.to b'e-•Idilled•*NkTt*OITAI,•• -- , ->-.'
. . `PAUIN4L BONDS 1923, to be forty:-four (44 ) in
. number, numered *OM:,one l it t®' eprty-four (44); 3nekusrve, <.
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of the 'dehominatle of :One thousand't&119.rs ($1,0001 each, , .
tt be date& July 3/192.' ,p`and to ;Naar interest at 'tire. rata
oft five l' .one-half per cent. :(velA4 fper annum, payable , •
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-,semi-annually, _and.•to`maturd ;four''(4):"of s`aiii •bonds ,July .
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15 - 24, aria. fotirj4) oft.,sa,id+bonAa. lkiiii erical •.or&er on ..
July titt. °b`f 'uS 1}° o },even-iear''4eaft.er until all.•of,
said b. o. nde .are paid, .have bew.i authorized and draered it.
... .. .. - ., n,.a +s........uw...........a.'.... .. - .b..v.. .• ., ,.l,.s._.�•..
be ;issued "heretofore, but have not t been"ts uad'n or soldi .r
and ., ,
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. ,WHEREAS,. Eight thousznd& 'dollans`, (, 8;,000 ) of • '
bond**, of the City of Chula Vista, to'`be. Called MIIi3ICIPAX, '
, . • .IMPROVEMENT BONDS 1923, 'tc be•.tez1,C1O 'in timber, hn bered, • *•
, -,one Cl)' did tea '(ie ),' inclusive , bonds•numbereda .One. ('l l• to -, ,
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six (6k, inclusive, ';to be of the denominatiop."/of'One •thesand .
dollars;* (01,000 )i. and bends numbered 'seven (,7-1' toc;ten• (14),),,.,„ •• ,
. inclusive, be of, the dehominatipnC;of Five: hundped dollars '
• • .' .(• OP) each,:. to bear inter @;3t..;at ::the: tats ,of-, five-and' one- ,
'' 4.3.f'per .dent:: ( b$) per annum, payable semi-annu l,hyq to . .
be dated.,Juiy 1,- 1923, and to mature bond•No. •'l on, Juty'.l; •
1.924, and'•,•oge bond.ii nuriierioat order Srnraili thereafter .
until ail of gaiA...bends, are.x,paid, •have been authorized and
- 'ordered --to be issued', but have n.o$•been is ueiB or 'sold; .and
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WHEREAS,,• the Baltic of Italy .of Californ.a has'`."6.1,d.• . `
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the sum of Forty-four thousand dollars (044,000)laccrued
interest to date of delivery and a premium of 0508.00
dollars Tor said -Natibnal ka.enue I?aving Bonds 1923, and
"has -bid the 'sum df Eight thousand fiblmar`s ('$3,000 ),accrued
interest to date of delivery, and i 056.00 _ c �,.1
dollars premium for said Municipal Improvement Bonds 1923.
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Said bids are the highest and best bids that have been re-
ceived for the purchase of said bonds:
NOW, THEREFORE, BE IT RESOLVED by the board of
trustees of the City of Chula Vista that said the NATIONAL
AVENUE PAVING BONDS 1923 be and theytr are.Thereby awarded.'and
sold to said Bank of Italy of' California, San Diego Branch,
and the City Treasurer of the City of Chula Vista is hereby
authorized and 4,ireQte.d So deliver ,eaid .bonds to said benk
_upon payment .of-Forty-four thousand dollars ($44,000 ),accrued
interest to date of delivery and 0308.00
dollars premium and place the proceeds of said bonds to
the credit of the fund of the City of Chula Vista, known
as NATIONAL. AVENUEPAVING BOND FUND: , and _
BE ID FURTHER RESOLVED: •by said 'boarebf trustees '
that said- MUNICIPAL IMPROVEMENT BONDS 1923 be "and 'they are
hereby awarded grid -sold• to said 'Bank •of-Italy of California,
San Diego :Branch' and tide City Treasurer of said city is
hereby authorized' td directed to deliver said bonds 'to -
said bank upon payment of said Eight thousand •do•llare. ($8-,000 ))
accrued interest to date of .delivery and *56.00 .. .. -
dollars premium and place five-eighths (5/8ths) of the pro-
ceeds of said sale to the' Credit of a fund of the City of
Chula Vista, known as 1923 FIRE EXTINGUISHING APPARATUS
BOND FUND and to place three-eighths (3/8,ths ) of the pro-
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ceeds •of said sale to' the credt of.the fund. of the City : •
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of Chula V'ist , known ,as 1923 CITY' ;TALL' BOND FUND;• and •
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BE IT FJTRTEER RESOLVED by said board of trustees. . •
. of .said 'City that' Reso7,t.tiori. No`:••:94 be • and:,t`he—s - 'I'S- • %.''
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hereby' reptile-di' '"a� .. ;
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.4-"lit ' Si ed ,aridCa%prodedrthi$� 22nd..- dap,;° -0 OcVg er
. 192 -. - • r '
." e ' a wh ' " Bresrdent of, the Board'"of Ttxus+
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fe• • Qt
...the Q •the City of 'Chula Vista.
Attest: •
WCPJ 4v✓ttvl J/i720
City Clerk Of the .0 .t.'-, of. . . :� .
Chula Vista, • • • ' : -. . '
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I O., s. Anions, •,,, ' City..Clerk of the City •
of Chula Vista,, do hereby certify that the foregoing ' '
tion was duly Massed and:adopted by the board of trustees
of said City at, its meeting held this • 22a, day of October. a
1923, by :the following, vote: - -
Ayes: . Trustees: • 1JRivluw., , �;c&na, M .
• . ,. goes:. ..- Truustees:,. . - Ow`✓w_.'� _ .. .'. _.: ,. _ . ...:.. ,.,. . .
Absent: Trustees: Y �0. _ .
(� {Nye Y tewt/
. '• • City 'Cleric of the City of Chi:I,a `Vd.sta.
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