Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, 1908-01-01
LEGAL NOTICE
ORDINANCE NO. 1877

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ORDINANCE NO. 1877
New Series)
An Ordinance of the City of Los An
geles ratifying and confirming the sale
and delivery to the State Board or EN-
aminers of the State of California, Ior
said state, of $4,000 Water works
bonds of said city, being the initial
part of the issue of $4,000, 900 bonds
authorized at the special election held
in said city on June 18th, 1907. -
Whereas, A resolution. was GUY
adopted by the City Council of the City
of Los Angeles at its meeting of De-
cember 9Th, 1907, approved by the eX-
ecutive of said city, to-wit; the Mayor
thereof, on December 10th, l9Of an "a
published in the Los Angeles Daily
Journal, q daily newspaper printed pup
lished and circulated in said city, on De
cember 18th, 1907, authorizing the oner
to sell, and the sale, issuance ana oe S.s
livery to the State Board of Examiners
of the State of California, for said state,
of $4,000 Water Works bonds OF sald
city, hereinafter more particularly DE
ment of the s23,000000 bonds of said
city authorized at the special election
held on June ~, 1907, and being the
same $4,000 bonds mentioned ana
particularly described in Ordinance NO
1564O New Series), of said City of Los
Angeles, approved November IA, lyOf,
and entitled IAN Ordinance providing
for the issuing of bonds of the City oil
Los AnR6lSSt III TIE sum VI nNC iOAot w
ten thousand dollars (S5i0,000D, being
part of the issue of twenty-three MIL
lion dollars ($23,000,000) bonds au-
thorized by the voters of said city at o
special election held June IL, 1907, for
the purpose of acquiring and construct
ing a certain revenue producing NUM-
cipal Improvement, to-wit: Water
works for supplying the inhabitants Pf
from the owens River Valley, in the
State of California, including the ac-
QUESTION of land, water rights, rights
of way and other property, and the
construction of aqueducts, bitches
canals, tunnels, reservoirs and Other
works necessary therefor" at and for
the price of par and accrued interest
up to the date of the delivery of said
bonds, and authorizing and directing
the City Treasurer of said city to de-
liver the said $4,000 bonds of the
City of Los Angeles, after the same have
been signed by the Mayor and said
City Treasurer of said city and counter
signed by the City Clerk of said city,
and the interest coupons thereto at
tached, have been signed by said City
Treasurer, as required by said Ordi-
said State Board Of Examiners of the
State of California, for said state, upon
the acceptance by said State Board of
Examiners of the aforesaid offer to sell
said bonds, and upon receiving from
said Board, for the benefit of said city,
in lawful money of the United States,
the price of said bonds, to-wit: the sum
of five hundred and ten thousand dol
lars ($510,000), together with interest
thereon at the rate of four per cent
q per cent? per annum from the first
day of December, 1907, up to the date
of such delivery; and,
whereas, Said State Board of Exam-
liners did thereafter accept the afore-
said offer to sell said bonds upon the
terms and at the price above stated. and
said City Treasurer. in pursuance of said
authorization and direction, did there
after, to-wit, on the thirty-first day of
December, 1907, deliver said bonds to
said State Board of Examiners, and
then and there received for the same
from said board, for the benefit of said
city, the above named price, to;,,wit,
(S510,000), together with interest there
on, at the rate of four per cent a per
cent? per annum from the first day of
December, 1907, up to said date of de-
livery:
Now, therefore, the Mayor and coun-
Gil of the City of Los Angeles do or
dain as follows. to wit:
Section l. That the aforesaid sale
and delivery of the bonds above re-
ferred to, and hereinafter particularly
described, at the price of five hundred
and ten thousand dollars OSLO, 10000, to-
gether. with interest thereon at the
annum from the first day of December.
1907, up to the date of such delivery.
to-wit: December thirty-frst. 1907.
said interest amounting to the sum of
one thousand seven hundred dollars
(s1700) be. and the same hereby is rati-
fed and confirmed, and said bonds are
hereby declared to be valid and binding
obligations of said City of Los Angeles.
Said bonds are five hundred and ten
(510) in number, of the denomination
of one thousand dollars ($1000) each.
They are dated December 1st. 1907 and
bear interest at, the rate of four per
I. 10
semi-annually. on the first day of June
and the first day of December of every
year. The principal and interest of
said bonds are nayable in lawful money
numbered from to $40. both inclusive,
and are payable as follows. to wit:
Bonds number l to Is, inclusive, on
the first day Of December, 1914
the first day of December, 1915.
Bonds number 81 to As, inclusive, on
the first day of December. 1916.
Bonds number 46 to so, inclusive, on
the first day of December, 1917.
Bonds number 81 to Is, inclusive, on
the first day of December. 1918.
Bonds number rs to 90, inclusive. on
the first day of December, 1919.
Bonds number al to 1906. inclusive on
the first day of December. 1920.
Bonds number 10s to 100. inclusive.
on the first day of December, 1921.
Bonds number 121 to 1856, inclusive,
on the first day OF December, 1929.
Bonds number 1875 to 1870, inclusive,
on the first day OF December. 1928.
Bonds number Isl to 1865. inclusive,
on the first day of December. 1924.
Bonds number 1855 to $50. inclusive,
on the first day of December, 1925.
Bonds number ISL to 1875. inclusive,
on the first day of December, 1925.
Bonds number 1876 to 210, inclusive.
on the first day OF December, 1927.
Bonds number 211 to 1926. inclusive,
on the first day of December, 1928.
Bonds number 226 to 24O, inclusive,
on the first day of December, 1929.
Bonds number 241 to 255. inclusive,
on the first day OF December, 1880.
Bonds number 2hs to 270. inclusive,
on the first dag OF December, 1881.
I, Ronds number 271 to 2S5. inclusive.
on the first dav OF December, 1882.
Bonds number 2s6 TO 400, inclusive,