Los Angeles herald., 1905-09-21
PUBLIC ADVERTISING
Ordinance No. 1,0O2
(Nav SariesD

Ordinance No. 11,0O2
New Series.)
An Ordinance providing for the issu-
ing of bonds of the City of Los Angeles
in the sum of one million five hundred
thousand dollars ($1,50O,00Ol, for the
purpose of acquiring LANDS, water
rights, rights f-way and other proper
ty and of constructing bitches, canals,
tunnels and other water works, neces-
sary to provide the City of Los An
geles with water supply In the owens
River Valley, in the County OF Inyo,
State of California.
whereas, the City Council Of the City
of Los Angeles, at its meeting or
August 9th 1905, by vote of two
thirds of all it's members. duly passed
and adopted Resolution and an Ordin-
ance determining that the public inter-
est and necessity demand the acquisi-
tion and construction by said city of
certain municipal Improvement, to wit:
The ACQUISITION of lands, water rights,
rights-of- and other property, ana
the construction of bitches, canals, tun-
nels and other water works, necessary
to provide said city with water sup
ply in the owens River Valley, In the
County of Inyo, State of California, ana
that the cost thereof is and will be too
great to be paid out of the ordinary
annual income and revenue of said city,
and said Resolution and said ORDINANCE
were approved by the executive OF sald
city to wit, the Mayor thereof, on the
14th day of August 1905, and were duly
published on the 18th day of August,
1905, in the Los Angeles Herald, a daily
newspaper printed and published m
Whereas. the City Council of said
City of Los Angeles did thereafter, at
its meeting of August 21st, 1905, by
vote of two-thirds of all its members,
duly pass and adopt an Ordinance call
Ing a special election to be held on the
7th day of September, 1905, and SUB,
hitting to the qualified voters OF sald
city the proposition of mourning a debt
and issuing bonds in the sum of one
million five hundred thousand dollars
($1,500,000), for the purpose OF acqdlr-
ing lands, water rights rights way
and other property, and of constructing
bitches, canals. tunnels and other water
works, necessary to provide said city
with a water supply in the Owens River
California; that said Ordinance was
thereafter approved by the executive
of said city, to wit, the Mayor thereon,
on the 21st day OF August, 1905, and
day for ten days prior to the 9TH day of
September, 1905, in the Los Angeles
Herald, daily newspaper printed ana
published at least six days a week in
whereas, said special election was
held on the 7th day of September. 1905.
as provided by said Ordinance calling
the same. and by law for holding mu-
nicipal elections in said city, and the
proposition of mourning a bonded debt
hereinbefore mentioned, received more
than two-thirds of the votes of the
qualified voters voting at such cleo
ton; and
whereas, all and singular the pro-
visions of the Act of the Legislature or
the State of California. entitled, An Act
authorizing the mourning of indebted
ness by cities, towns and municipal
corporations, for municipal improve
ments, and regulating the acquisition,
construction or completion THEREOF,
and becoming a law February 25th,
1901, and of the Charter and ORDINANCES
of said city have been fully complied
with so as to authorize the issue OF
said bonds;
Now, therefore. the Mayor and lCoun-
ell of the City of Los Angeles do or
dain as follows:
Section /. That bonds of the City. of
five hundred thousand dollars (s1,5OO,-
O0O) be issued in accordance with
the provisions of the Act of
the Legislature OF the state Ito, OF
the incurring of Indebtedness by cities
towns and municipal corporations, for
municipal improvements, and regulat-
Completion toS let thereof" and becoming
law February 25th, 1901, and with the
Charter and Ordinances Of said city
for the purpose of acquiring lands,
water rights, rights-of-way and other
property. and of constructing bitches,
canals. tunnels and other water works,
necessary to provide said city with a
water supply IN the owens River ar
ley in the County of Inyo, state of
California; that said bonds shall be
1000 in number; they shall be desig-
mated water Works Bonds, 1905" and
shall be issued in the following de-
nomination to wit: 1000 bonds of the
denomination of $1,000 each, and 1000
bonds of the denomination of $500
each. and the principal, and interest
thereof shall be payable in lawful
money of the United States; that they
shall he dated November 1st. 1905, and
bear interest at the rate of four per
cent a per cent? per annum, payable
semi annually, on the first day of May
and the first day of November of every
year. Said 1000 bonds shall be payable
in the manner following: 25 of said
bonds of the denomination of $1,000 and
% of said bonds of the denomination
of $500 upon the following date to wit,
on the first day of November, 1906; and
% of said bonds of the denomination of
$1,000 and 25 OF said bonds of the de-
nomination of $500 upon the same day
and date of each and every year there
after, at the City Treasury of said city,
together with the interest on all sums
unpaid at such date; and said bonds
shall be substantially in the following
form, TO wit:
No.
United States of America State Of