HomeMy WebLinkAboutOrd 0051T
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07-1"I 'l A'11T 11; *C4, V'D 0'� I T.1, , I N 0 P 11 I -'-p T E7, T ANCE AT,11T, IT" E,-i'VIPTION ',')r4
i 11. . �, . � U ,
BONDS OF THE CITY OF ---TT F� 14 1 T.,T- 0 '"' A T I T 0191 N
.-J -.1 TP 1. 1 TA TO THE
A,� 4 T A T ji, OF kj JJ
FOR
AMLOUNT 07 ONNE FUT DRED AND 7 TI'1*1 T T
ANT DOLL.A.j. S3
THE PTUTRPO,-MOF THE ACQTIMPITTON, 1107"T'MiCTION, ATN'D CO'jhVTLPLT.T1()N OF
A OP 'TATER11TOIRTKO 70-7-L PAID ClITYP IJTTJ ACf7O'-rPPjANCF, A1,11D A03
7
AU Tj-1 0-,4 1 Z P, D .AT A 0 1 AL IF7, L F, 04 1 H IN 7' A I D 0 1 71y' O'T T
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DA Y 07' 7'k,0 7r."749, T7, 19 12
3I.election mao held on the lst day of
,77 -7 -1 -AS., a sp�ecial
November, 1912, in accordance with the ions and ruequire-
mento of ("rr)'kinance 11o. 47, of 0"',,iid city, calling, ,rovidin� ,, and
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giving noticof �uc)A election, reference 'to said ordinance for
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further rarticulars bainE here made.; and
it has been detarmained by a cm,.Xlvass of the returns
"_5 4
of said election by -the. hoard of Trustees of said"L city, iriade
V2.1
!"Pth, 1912, an2l entered in ft) ll upon. the mixuteo, of said
Board, t1lat at such sTetial election the in,our-ring of a lbonded
1. , i.r - i, herein
of Laid city for Ju -'_-.e -purT-,,ose and to the, , _nio int herein
. f 1� 1) �,, 1R5
Mated wacs :authorized b -,T aff irmative vote ( f rro:r-e J-1 ,n t"NO-
thirds of the voters, nomr t",lerefore.s
The BoaxJ, of r -f City of Burlingame do orldiain as
f 01 loll's
Sect i, on 1, That the bonds of t1he City of Burlingame, ck3ta`,; a
Of Calif orn'L.a. 11 -y -*11
,I. in. ra-cordance -1,;rith the, re,-sult of the
C
V -1,1 b e, r
s--:ecial election held in siiid, cit��, on the, let daf IT
y
lQl
14- _" ("IcsA. 11. f c r n a Cl anci. in comp'liance ,!d ith tj- J
1,1t
e, sta.-ao of the, Sta-`,,� , of
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tc the, (-f r t- Z_ t .
'J -1 ,, r I %-, I u n., d tat n CIJ
a nJ t T,t e r,, i, nc�; i-1, c f i - 4 t -,-
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a nu, r'T�1e+,.'Lcjn of a of w3j. t 7,,.r illi- orks f "a i d t ha, + aid
) f _�, - - a U.,
bonds ohall be Called ""at=-.rqorks 11all b- On- "tunil'lred na'
rr-1-oustnd (1,000)
S IT beSr t -ion of One
S,e,er,ty-JPivfe in nuriila of the &-Momina
Dollars each and shall be numbe.'red conse ^utivelY fr0fil One (1) tea
0
,
' J_ 1-
c,ne hundrad' and seventy—five (1-7 both inC"Iusive., and sih,:i ll be
payable five (r;) of said 'bonds on December 1st, 1013 in ccns-.::.� cut ive
1 _' I/
numerical order beginning with bond No. 1, and an equal nul�b"=.'r of
five (5) "-,cnds in lik- con:,,7 cut ivor.,,I,ir shall be rayable on Decem—
ber in each year t-"'(�ereafter until ,�nd inclu,,_Iing Dec mber lst,
1947 ju-Ij -3ntil 11 of said bonds shall be old;
All of the bc.,Tids issued as herein -,,.-rovided, ball be of the
Form ani charactor known. as They shall be, date, Eece.,mber
18t, 1"12, shall bear in-1111,erest at th-e rate- of five per cantum -r"\er
annum '_',avable on the first days of June and Decornber
of 0,,; n .
CfI i,rear until il the -r.aturity there -of; and -the. -rincipal aT,d in-
thrN--;of �"hall be p,��:iyable- in lawful monaly of the United
at the of*ice of the Treasurer of '-�Caid city.
Section (I
ection 2. Said 'bonds shall be. si-,.,ned "ov the Executive of
said City of Bu-i-lingame, being the jr-,resident of the Board of Trus-
tees of cit1r, and by the Treasurer of said city; and counter-
signed by the Clerk of city, and the seal o --'I said city shall
be afl-ixeil-l' thereto. Said bonds shall be substantially in the fclIo'zT-
ing terms 60
TrjTIT -E;D STATRF" OF AIJF�ICA
State of California
City of Rurlinaame
CI
"7ATER77ORKS ROND
8.
0
For vall..Ie rec-'---ived, the City of n"urlingame, a municipal cor-
poration organized and e.xisting under laws of the State,-., of Cali-
fornia, hereb-,7 ackno1`Tledrx_es, itself indo,"oted an(i nroriffs'e's to '..'ay to
the bearer on the :First :lair of _Pecembtjic.' One ThouE>and Dollars
intares-t t1l"Iereon a.t the ra-t- of five -fer cen.tum, rer annum raya-
t
n- u
L
J ci I 1st
4-
suxremier of the coupponss he-reto attacheCIA. as. theyc i- '1y
k_
become :due, both rincipal and interest beinf, in lawful
r
-�Y of the T,,Jri-*t,-,,d C-"-at-s at t'!� cf-,Pice of the Treasurer of said
m,onL I .o U tie
city.
This bond it'i; i-'-�-,ued under and T)Ur?3uant to lu-'?,e constitution
.L
and statutes of the State of California, and under and pursuant to
ordinances, arc. -1 r1roceedings of said city duly adopted and taken and
a vote and assent of more than two-thirds of all the qualified
electors of saiJ city voting at a special election duly and legally
CD
called and held for that rurpose.
It is hlereby certified recited and declared that all acts.,
.1 1 , reci
conditions and things required by law to exist, harTen and be per-
formed precedent to and in the issuance of this bond have existed,;
hapnened and been performed in due time., form and mariner as requirpd
A
by laivy, and that the amount of this bond together with all other in-
debtedness of sailed city Goes not exceed any limit prescribed by the
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constitution or statutes of said state, and that provision has been
SI -a4-,. for
made as required by the constitution and statutes of said U
the collection of an annual tax sufficient to pay the i:R"terest on
this bond as it falls due, and also r'rovision to ccns-'!_-.i-11U-u1U-e a sink-
ing fund for the payment of the rri-ncipal of this bond on or before
maturity. The full faith and credit of said city are hereby j.,ledged
for the punctual T�Fvr� e', :-ent of the', and interest of this bond-,
� " �f
I.NT said City of Burling;,une has caused this
bond to be executed under its corporate seal, signed by its President
of the Board of Trustees and Treasurer, and countersigned by its
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Clerk; and has caused th� interest coupons hereto attached to be
signed by its Treasurer, and this bond to be dated the first day of
December, 1912.
U6 ea.
Countersigned,
CitTrt3asurex.
It t ir y C31 a r k . W
Section 3. Int :rest coupons shall be attached to each1-
bond to the number of t7iice the number of years such bond will run
ry
4
until the rc,,.71.turity thereof, and in the amount of Twenty -'five Dollars
each v,,hich sum 1?j'ill be the amount due for interest on such bond for
six months; such coupons shall be numbered from one upwards and each
shall state the number of the bond to which it is at-tache;Ii. Such
coupons shall -6 be signed by the Treasurer of Etaid city, by his engraved
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.or lithographed signature, au -id be subs.,tantially
0 , in the follolilring form:
No
FORIA OF COUPON
,125,00
On 3 1., the city
of Burlingame, California., gill -r.a-v to the bearer at -t! -1,e 0-,L'*fice Of
the Treasurer of said city, Twenty-five Dollars in lawful money of
the United States, being six months interest then due on its Water -
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works Bond dated December 1,1912, Number— —---
Treasurer.
Section4. For the 1r' If1urpose of y.,aying the princi-nal and
interest of bonds, the Board of Trustees of the City of Bur-
lingame, shall, at the time of fixing the general tax levy, and
in the manner for such general tax levir -provided, levy and collect
for the fund hereinafter -trovided for, annually., each. year., until
such bonds are -_,aid, or until there shall be a sum in the treasury
of said city, set ai-art for that fur -pose .sufficient to meet all
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suras becoming due for the 1-Irincipal and intl.:-rest on said bonds a
tax sufficient to -ray the annual interest on said bonds, and also
sucl.-I part of the principal t'-Lereof as c -hall become due before the
-time for fixing the next general tax levy. Said tax shall be in
addition to all other taxes ievitwd for minicipal p - .4.
urroses, cand shall
be -GjjeC,-e;-1 u4- t - e e time and in the nutni')er ac,,- o-ther fi
%.4 1 Q 1 4 1 �� CIL14
cipal taxes are collected, and as aollected, shall be fort'j-Kith-Nith paid
into the fund for vlhich the carie was levied and collec-ted; that such
fund shall be designated "Bond Interest and Redemption Fund, 191211
and all sums to become due for principal and interest on said bonds
-4-
shall be r_,,aid from, 2;-ucfI fund.
Section 5. The Pr�=i,�i;Jent c -IF -the Board of Trustoez and the
�A t h e :lank
,,)y a�Li diraotad to fill in
Treasurer are 1--e-rel -�Jicrized ,in-,
sy-'aces in accordCance iNith tbiM3 o'IJi.n.anca and to sim all ,;.;aid bonds
on behalf of oaiill city, and the City Clerk is authcrized to3%-unter-
si,--m the. same a.nd -15o, affix the City's �eal th ze-, roto. Sail '.-mndsl YF.Tien
so executed shall be by said officers red to said Troasurrr for
C.
icial custc.dy until
safe kfee-ping, who c -_,hall hol(I the
1 in h is C
1jerr, to rurchaser or -ilurchaserr
crIliered 'by t',,is4 '.Roard to t
t 0 f
S,ect-ion U. The 7,-oa.--d of ri'mo-tees --..I-.Lall sell bonds at
ouch ties ai,,.,d in �uch amounts all it is ay data"miii-le, and t'llie -y-'zoceeds
arising from any si..�ch sale, .=shall. be -r-,laced in the Treasury to the
c Jr. le -,,,d i t of the ',;7at -1. r wo rk s Fund", i c h fund i S h e -1, e b y c r e a t LI and
s iv for ch
,:�uch rroceeds �,.-.hall be used exolu� .1y for that u,,)Osl
s I -
such bonds were issued.
J3 J, R. Tlurphy, Clerk of the City of Burlingame, do hereby
dad
c�,rtifv that the for%ecgoing was uly nregularly
passed at an x.__ LA_2A _� rc�r meeting; of the 3o and of Trustees
of said city, h8old on the -day o f 7ovefi.,,ber, 1912, by the follo-v�i-
ing vote:
AYIEI'S TDIQTS T.
ZI
A 3 LS) Z11 T T
(SEAL)
f N'ovenriL r 11U2
A,��,:roved this
d C) f t
t o
of t'I i e C i t Bur 1 in game
—5—
n g ai-H e