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RESOLUTION NO. 2237
<br />
<br />A RESOLUTION OF THE CITY COUNCIL OF THE. CITY OF
<br />SANTA ANA, CALIFORNIA, RELATING TO THE ISSUANCE
<br />OF STREET IMPROVEMENT BONDS PURSUANT TO RESOLUTION
<br />OF INTENTION NO. 2148; ~ETERMINING THE AMOUNT OF
<br />UNPAID ASSESSMENTS; PRESCRIBING THE IENOMINATION OF
<br />SUCH BONDS AND PROVIDING FOR THEIR ISSUANCE IN
<br />ANNUAL SERIES.
<br />
<br /> WHEREAS, pursuant to Statute, notice of the filing of list of unpaid
<br />assessments was duly given in the manner and form required by law, that the
<br />warrant, assessment and diagram was recorded on the 22nd day of July, 1~30, for
<br />the work and improvement made by George H. Oswald, under that certain contract
<br />awarded to him on the 30th day of December, 1929, upon portions of Flower Street,
<br />Nineteenth Street, Heliotrope Drive, Santa Clara Avenue, Ross Street, Victoria
<br />Drive, Greenleaf Street, Seventeenth Street and North Park Boulevard, ~s set
<br />forth in Resolution of Intention No. 2146; and that said warrant, assessment and
<br />diagram were returned to the Street Superintendent of said City, together with a
<br />written statement of all paym?nts received upon the said assessment; and after the
<br />~ll expiration of thirty (30) days after the date of recording of said warrant,
<br />the said Street Superintendent duly made and filed with the City Clerk of said
<br />City of Santa Ana, a complet list of all assessments unpaid upon the said assess-
<br />ment, which list is now on file in the office of the City Clerk of said City;
<br />now upon evidence shown, this City Council determines that the assessments therein
<br />mentioned were then unpaid; the to~al aggregate thereof being the sum of Seventy-
<br />four thousand seven hundred eighty two and 72/100 Dollars ($74,782.72~, and that
<br />there has been paid since the filing of the list of unpaid assessments by the
<br />Street.Superintendent the following.assessments, to-wit: Assessment No. 2 for
<br />$58.88, Assessment No. 3 for $17.93, Assessment No. 111 for $51.04, Assessment No.
<br />198 for $10.21; Assessment No. 199 for $76.87; Assessment No. 200 for $61.04, and
<br />that there now remains unpaid the sum of Seventy-four thousand five hundred
<br />seventeen and S/lO0 Dollars ($74,51V.05) upon the assessments shown upon said list.
<br />
<br /> Reference is hereby made to Resolution of Intention No. 2146 of the City
<br />Council of the City of Santa Ana, passed on the 12th day of November, 1929, for a
<br />complete description of the work herein mentioned, Mud to the list of unpaid
<br />assessments filed as above stated for the assessments unpaid; and
<br />
<br /> ~REAS, interested persons were notified in the manner required by law
<br />to appear before the City Council in the Council Chamber of the City Hall of said
<br />City, at the hou~ of 7:30 otclock P~M. on Tuesday, the 2nd day of September, 1930,
<br />and show cause why bonds should not be issued upon the security of the unpaid
<br />assesmments ahewn on the Street Superintendent~s list; and there being no
<br />Trustees present at the regular meeting of said City Council held on the 2nd day
<br />of September, 1930, said meeting ~as regularly adjourned by the Clerk, and the
<br />1Sth day of September, 1930, at 7.30 o~clock P.M. in the Council Chamber of the
<br />City Council was the next regular meeting of the City Council, at which time said
<br />matter came on regularly for hearing; and
<br />
<br /> WHEREAS, notice was duly given in the ~nner and form required by law~
<br />that serial bonds to represent unpaid assessments bearing interest at the rate of
<br />six percent per annum will be issued hereunder in the manner provided in the
<br />"Improvement Bond Act of 1916", the last installment of which bonds shall mature
<br />nine years from the 2nd day of Ju~y next succeeding ten (10) months from their
<br />date, and all interested persons having appeared before this City Council and
<br />having been given a full opportunity to show cause why bonds should not be issued
<br />upon the security of the unpaid assessments shown on said list, and all obJeotion~
<br />presented having been heard and considered.
<br />
<br /> IT IS THEREFORE NOW BY THE CITY COUNCIL OF THE CITY OF SANTA ANA,
<br />DETERMINED, RESOLVED AND ORDERED AS FOLLOWS:
<br />
<br /> That no cause has been shown why bonds should not be issued upon the
<br />security of said unpaid assessments, and does hereby overrule all objections
<br />thereof, and does hereby direct the issuance of said bonds; and further.
<br />
<br /> BE IT RESOLVED AS FOLLOWS: That bonds shall be issued upon the security
<br />of said unpaid assessments to said amount of Seventy-four thousand five hundred
<br />seventeen and 6/100 Dollars ($74,517.06).
<br />
<br /> That said bonds shall be eighty (80) in number and shall be dated
<br />September 16, 1930, and bear interest at the rate of six percent per annum, and
<br />the denomination of said bonds, and the date of respective maturity thereof shall
<br />be as follows:
<br />
<br />SERIES BOND NO. AMOUNT DATE OF MATURITY
<br /> ..... July 2,
<br />J-4 1 $ 1,000.00 1932
<br />J-4 2 1,000.00 1932
<br />J-4 3 1,000.00 1932
<br />J-4 4 1,000.00 1932
<br />J-4 5- 1,000.00 1932
<br />J-4 6 1,000.00 1932
<br />J-4 7 1,000.00 1932
<br />J-4 ~ 461.70 1932
<br />
<br />J-4 9 1,000.00 1933
<br />J-4 10 1,000.00 1933
<br />J-4 11 1,000.00 1933
<br />J-4 12 1,000.00 1933
<br />J-4 13 1,000.00 1983
<br />J-4 14 1,000.00 1933
<br />J-4 15 1,000.00 1933
<br />J-4 16 451.70 1933
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