Daily Los Angeles herald., 1883-05-02
A Reao,ut,on

ance and sale Of city bonds 10 be
known as the Getty Hall Bonds Of the
City Of Los Angeles" and the disposi.
ton Of the proceeds. and establishing
an interest and sinking fund for the
payment Of the principal and interest
thereof and thcreunto fixing the pro.
codure.
WHEREAS, At special election Of the
qualified electors Of the city Of Los An.
geles, held on the third day Of May, A.
d. 1888, there was submitted the ques.
tion Of the issuance Of city bonds OF the
said city to an amount not to exceed
100000 dollars. payable on or before the
expiration Of tho period Of twenty years
from and after the date Of their issuance,
for the purpose Of raising money to pro-
cure building and premises for city
purposes pursuant TO the provisions and
authorization Of the revised charter Of
the city of Los Angeles and In accord.
ance with certain ordinance Of the
Mayor and Council Of the city Of Los
Angeles, entitled: IAN ordinance to
s'provide for the purchase Of the neces.
"sary lands end the construction Of
"buildings thereon and the furnishing
"of the same for City Hall in and for
"city Of Los Angeles aud thcreunto es-
"tablishing the necessary regulation
"and rules Of procedure" approved
April l6, 1883, and with the resolution Of
the Council Of the city Of Los Angeles,
entitled, IA resolution for the holding
"of special election at which shall Jbe
submitted to vote Of the people the
question Of issuing bonds TO raise e1noney
ITO be used for the purpose Of purchas-
ling a lot and erecting thereon public
buildings for city purposes, adopted
the i7th day OF April. 1888; and
WHEREAS, At said ELECTION more than
two-thirds of the votes cast we're in favor
Of the issuance of tbs bonds of the said
city for the obiectE and purposes speci
fed In the said ordinance and the said
resolution; ang,
WnEREAsT The power Of the corpora
tlon Of the /eity of Los Angeles to issue
its bondYn the sum, under the condi
sions, id for the purposes in the said
ordinance and resolution specified, pur
sua)6t TO the said election, Is guaranteed
ths said corporation by It's charter and
Hhe constitution and laws Of the State ol
California; Now, Therefore.
Be 1t resolved by the Mayor and
Council Of the City of Los Angeles:
SEo. 1. The Clerk Of the Council ol
the City Of Los Angeles shall cause tc
be printed and prepared In accordance
with the form hereinafter given the
bonds of the City Of Los Angeles In
blank, to be known as the "City Hal
Bonds Of the City Of Los Angeles,
which bonds SO printed and prepared in
blank he shall present to the Council al
q lawful meeting thereof within two
months after the adoption of this reso'
luton.
SEo. 2. The said bonds shall collect
lively represent the sum Of one hundred
thousand dollars. Each bond shall be
OF the denomination of one thousand
dollars, and shall be redeemabls no,
sooner than five years after the date Of
Its issuance; and after the expiration ol
said five years shall be redeemable on OF
before the expiration of twenty years
from and after the date of its issuance,
At the option of the said city. and shall
bear interest at the rate of six (8) pei
centum per annum, payable semi.annu
ally ON the first days of January and
July, respectively.
SEQ. 5. The bonds hereinbeforc pro
vided for shall he in the following form
State of California--Bond of the
City OF Los Angeles Hall
Bondl ------- No. o.--- $1,000. The
City of Los Angeles, in the County oi
Los Angeles, in the State of California,
for value received, promises to pay to
the bearer thereof at the Office of the
City Treasurer of the said city, on the
first day Of July, A. d. 1908. or at any
time after the expiration of five years
from and after the date hereof and be.
fore the said first day Of July, A. d.
1908, at the option of the said city. the
sum Of one thousand dollars in gold
coin Of the Government of the United
States, with interest thereon in like
gold coin ut the rate of six (6l per
centum per annum, from the date
hereof, payable at tho office of the
said Treasurer semi annually, on the first
day Of January and the first day of July
In each year, on the presentation and
surrender OF the interest coupon here.
unto attached. This Bond is issued
by the City of Los Angeles
under tho provisions of the revised
charter of the said city, entitled IAN act
to amend an act entitled an act
to revise an act entitled au act
to amend the charter of the City Of
Los Angeles, to define its limits and
rights, to enlarge its powers and pro.
vide for its more efficient government,
approved April lst, 1876, approved
March Both, 1878, and in conformity
with the ordinance of the Mayor and
Council of the City of Los Angeles, ap-
proved April 10th, 1888, and the resolu-
tion of the Mayor and Council of the
City of Los Angeles, adopted the 18th
day of April, 1888, and the resolotion of
the Mayor and Council of the City OF
Los Angeles, adopted A. D. 1888"
In witness whereof the City of Los
Angeles by its Council has caused this
bond to be signed by the Mayor OF the
City of Los Angeles, and attested by
the Clerk of the Council of said city
with the seal of the city attached THU
day of -, A. d. 1888.
lsEAL.l --
Mayor of the City of Los Angeles
Attest ---
Clerk of the Council of the City o
Los Angeles.
And the interest coupons shall be in thu
following form
City Hall Bonds On sffs fist day OF Coupon
5000 A d., 1S-- the No.