Los Angeles daily herald., 1889-08-07


THE CITY OF Los ANGELES ON AUGUST 81,
1889, FOR THE PURPOSE OF VOTING FOR OR
AGAINST THE ISSUING OF BONDS IN THE
AMOUNT OF $1,000 FOR THE PAYMENT OF
THE SAME, AND PROVIDING FOR THE NUMBER
AND CHARACTER OF THE BONDS TO BE ISSUED.
WHEREAS. on the 9th day of July, 1889, the
City Council Of the City of Los Angeles, by a
vote of more than two-thitds of All it's mem bers.
pass sed an ordinance declaring and determining 6
that the public interest and necessity OF the
people of the city of Los Angeles demands the
acquisition OF property for schoo! purposes ana
the construction of new buildings ana the
alteration, addition to and repair of buildings
now in existence, the cost OF all OF which Will
be too great to be paid out of the ordinary an
nual income and revenue OF said city that the
amount to be expended for the erection OF new
buildings and the alteration, addition to and
repair of old buildings is the sum OF $159, 900;
that the number of sites to be purchased is
twelve, and the cost OF which will be Sal ,OC0,
making a total of 100000: And. whereas.
said ordinance was approved by the Mayor Of
each day for two wee ks from and including the
11th day OF July, 1889, in the Los Angel es
DAILY HERALD, newspaper published in said
city. And, whereas, the Council of said city
has had plans and estimates of the cost of said
Improvements made by competent architect,
who has had successful experience in such
work, which plans and estimates have been
adopted by said Council, and are nov on file in
the Office of the City CLERK; now, Therefore, at
this, the next regular meeting of the City COun-
Gil of the city of Los Angeles after such publ
cation.
The Mayor and Council of the City of Los An
geles do Orddin as fOlloiOs:
SECTION 1. That the public interest and me-
cessity of the people OF the city OF Los Angeles
demands the TO lowing g-named public I'M.
provements, and that 1t is the intention OF the
Council of said city to submit to the qu9llned
voters of said city the proposition OF mourning
a debt of 100000. and for which amount
bonds shall be issued for the payment OF the
following named i'm prOVeme ents, VIZ.
To acquire property for school purposes. for
the con instruction Of schoolhouses and the addi-
houses now existing, the cost of which will be
too great to be paid out OF the ordinary annual
income OF the city.
The number Of sites to be purchased for
school purposes is twelve, and the estimated
cost of which is $41 900.
The estim1 ted cost OF the erection of new
ations i and repair Of buildings now in exist.
ence will be $159,00o, making total of
5000, 900.
SEC. If the proposition be accepted by the
qualified voters Of said city, bonds of said city
20 the amount OF 5000, 900 shall be issued for
the payment OF the cost of said contemplated
improvement, and said bonds shall be serial in
character, and one-twent tieth part Of the whole
amount of said Indebtedness together with the
interest due on all sums unpaid at that date,
shall be paid each year. Said bonds shall be
two hundred in number and each for the sum
of 81 900, and they shall each be dated October
l, 1885, and shall bear interest at the rate of
ive per cent. per annum, interest payable
semi-annually on the first day of April and first
day of october of each year after the issuance
of the bonds and shall be pay able at the Ch mi
cal National Bank, of New York City, in the
State OF New York
SEC g. A special election shall be held in
said ci of Los Ane ees on August 81, 1889
and is hereby called for the purpose of submit.
ting to the qualified voters OF said city the
proposition of incurring debt for the object
and purposes herein set forth. Sad election
shall be conducted in the manner provided
for in the charter of said city and the laws OF
the State of California. The ballots to be used
at said election shall read, "For the issuing OF
bonds" and Against the issuing of bobds ~
Said elec,lon shall be presided over by one in
spector and two judges in each voting precinct
the boundaries of which precincts and the
places OF voting shall be hereafter determined
by said Council.
SEC 4. All ordinances aud parts of ordi.
nances in conflict herewith are hereby rene aled.
SIC g. The City Clerk shall certify TO the
passage OF this ordinance by vote OF two