HomeMy WebLinkAboutReso 1920-35 RESOLUTION NO. 35 p RESOLUTION NO 3 `) -
• RESOLUTION DETERMINING. AND FIXING THE CHARACTER,DENOMINATION,
TIME,PLACE,AND MANNER OF PAYMENT OF THE BONDS AND INTEREST THEREON
TO BE ISSUED BY THE CITY OF CHULA VISTA,AUTHORIZED BY- THE ELECTION
F R TR MP UM OF A L 5AF0 IR DE THE 1 HLD ON S ONTY UPR ANhC92LETI HA CITY
PARTMaNT HOUSE AND EQUIPMENT COMBINED IN SAID CITY.
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3 j RESOLVED, by the Board of Trustees of the City of Chula Vista,
4 ' California ;
5 That said Board of Trustees hereby determines that serial
6 bonds in the denomination of phse_ Hundred Dollars each,
. 7 bearing interest at the rate of 6% per annum shall be issued by
8 said City to represent,and to be sold to pay,the cost,towit,
9 $I5000.00 for the purpose of constructing and completing a City
10 Nall and Fire Department House and Equipment combined in said Cit • ,
11 ' duly authorized by an election in said City,held on the I2th,day if
12 j April,I920. Said serial bonds shall extend over a period of
13 - years from the 1-Er day of 40, .-
14 , next succeeding their issuance and an even annual proportion of t e
15 i principal sum .t ereof shall be payable by coupon on the / a' day
16 I of esAZ t_ every year after their date until the whole is
17 paid and the interest shall be payable semi-annually by coupon on
1$ i
. the / day of 0.2V-4).&1,0
and (D-R.URA, respectively,o
le . each year at rate of 6% per annum until the whole of said principal
20 and interest are paid,Principal and interest shall be payable at
21 the office of the � in the City of Chula Vit a
22 . California.Said bonds shall be signed by the Executive of the City
23 I , of Chula Vista,towit ,tbe President of the Board of Trustees of sa d
24 - City,the Treasurer of said City and countersigned by the Clerk of
25 said City9The coupons of said bonds shall be numbered consecutive ; y
26 and signed by the Treasurer of said City. Said bonds shall be sold
27 li at l. 4.►- - , , a � . . 1.
28 but for not less than their par value and the proceeds of said beids
29 shall be placed in the treasury of said City to the credit of the
30 1 fund for the purpose of constructing and completing a City Hall aid
31 i Fire Department House and Equipment combined and shall be applied
32 exclusively to the purposes and objects mentioned in Ordinance
33 No.. 78 of said City,under which an election was called and sai.
1 bonds were voted.
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1 i� Passed,Adopted and. Approved by the Board of Trustee of
lu
2 the City of Chula Vista,California,this day of Nay,I920,by
3 the following vote ,towit :
Ayes; VA-erg-4)-e_ a St-C_
5 U J p
6 Noes :
7 Absent :
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8 I Approved, `� `
9 141,
• �la.�.lu. - r.
Pres .en o ' milkoar' o ' Tru:I+ees
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Attest : the City of Chula ■sta,California.
11 A 1/L7.1---nri��/
12 City Clerk of said City of Chula Vista.
13 • I hereby certify that the foregoing Resolution was
14 passed,adopted and approved0by the said Board of Trustees,at the
15 I time and by the vote above stated.
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16 1 City Clerk of sai( City o? Chula Vista
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