Los Angeles herald., 1906-06-12
eusLIc ApvsRrIsIN
Ordinance No. 1881

New Series.)
An Ordinance providing for the issuing
Of bonds Of the City OF Los Angeles M
the amount Of two hundred eighty-seven
thousand five hundred dollars 02S7 500,
for the purpose OF constructing main
sewers and lateral sewers In said city.
Whereas, the city Council Of the city
of Los Angeles. at its meeting OF March
ixth, 1905, by vote of two-thirds OF ali
us members duly passed and adopted
Resolution and an Ordinance. determining
that the public interest and necessity de-
mand the construction by the CITY OF
provement in said city, to wit, the con-
struction by said city OF certain sewers,
consisting OF main sewers and lateral
sewers, for the collection and disposition
or the sewage of said city; and said Reso-
luton and said Ordinance were approved
BY the executive of said city to wit the
Mayor thereof, on the 18th day Of March,
Gay OF March, 1906, in the Los Angeles
Herald, n daily newspaper printed and
published in said city; and
whereas, the City Council OF said City
of Los Angeles, at its meeting OF April
18th, 1905, by % vote of two-thirds of all Its
members, duly passed and adopted an
Ordinance calling a special election to be
held on the nth day of May, 1905, and
submitting to the qualified voters of said
city the proposition of mourning a debt
ana Issuing bonds for the. purpose set
forth In said Resolution and In said Ordi-
nance, to wit, the proposition of incurring
debt and Issuing bonds In the sum of
two hundred eighty-seven thousand five
hundred dollars (S2S7 500 for the purpose
OF constructing certain sewers in said
city, consisting of main sewers and lat
eral sewers for the collection and dis
position of the sewage of said, city, and
executive Of said city, to wit, the Mayor
thereof, on the 23d day of April, 1906, and
was thereupon duly published once a day
Tor ten days prior to the 18th day of
May 1906, In the Los Angeles Herald, a
daily newspaper printed and published in
said city; and
Whereas, such special election was held
on the 18th day of May, 1906, as provided
by said Ordinance calling the same and
by law for holding municipal elections in
said city, and said proposition of incur
toned received more than two-thirds of
the votes of the qualified voters voting
at such election: and
Whereas, all and singular the provisions
of the Act of the Legislature of ths
state of California, entitled, IAN Act
authorizing the incurring of indebted
ness by cities, towns and municipal cor
porations for municipal improvements
and regulating the acquisition, construc-
tion or completion thereof" and becoming
q law February 25th, 1901, and of the Char
ter and Ordinances of said city have been
fully complied with so as to authorize
the Issue of said bonds;
Now, therefore, the Mayor and Council
of the City of Los Angeles do ordain as
follows
Section l. That bonds of the City of
Los Angeles In the sum of two hundred
eighty-seyen thousand five hundred dol
lars ($287,50O be issued in accordance with
the provisions of the Act of the Begis-
lature of the State of California, entitled,
An Act authorizing the mourning of in
debtedness by cities, towns and municipal
corporations for municipal improvements,
and regulating the acquisition, construc-
tion or completion thereof" and becoming
q law February. .25th, 1901. and with the
Charter and Ordinances of said city, for
the purpose of constructing certain
sewers In said city, consisting of main
sewers and lateral sewers, for the collec-
said city; that said bonds shall be $50 in
number; that they shall be designated as
Sewer Bonds 1906, and shall be issued
in the following denominations, to wit,
240 bonds of the denomination of $1,000
each, and so bonds Of The denomination
of $500 each, and 40 bonds of the denomi-
nation of $3.50 each, and the principal
and interest thereof shall be payable in
lawful money of the United States that
they shall be dated July End, 1906, and bear
interest at the rate of four per cent per
annum, payable semi-annually on the End
day of January and the End day of July
of every year.
That said 800 bonds shall be payable in
the following manner: 6 of said bonds
bonds Of the denomination of $500 and l
of said bonds of the denomination Of
$1S75O, upon the following date. to wit.
sonds 6a 2nd Of dag gge Of J% @ and o @ Of ssS snS
of said bonds Of the denomination of
$500 and of said bonds of the denomina-
ticn of s1S7.5o, upon the same day and
date Of each and every year thereafter,
at the City Treasury Of said city to-
gether with the interest on all sums un-,
paid at such date, and said bonds shall
be substantially in the following form,
to witt
United States of America, State Of
California,
City of Los Angeles.
Sewer Bond 1906.
S..'ss'..s....-
Los AnPe1es CAL JIlv 2rd 1905