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HomeMy WebLinkAboutReso 418-1932AN ORDER PROVIDING NOR THE I~UANCE 02 STREET IMPROVEMENT BONN PR~CRIBING T~E DENOMINATIONS OF SUCH BONDS AND THE INTEREBT COUPONS ATTA¢ NED. No, ?3. 'WHEREAS the Cit? CounciI of the City of South San Francisco did, on the 10th day of August, 1931, pass its resolution of intention No. 79 for the improvement of that certain street in 6aid resolution of intention mentioned and described, and under an~ pursuant to the pro~isions of "Improvement Act of 1911,~ and. the amendments thereto, reference to said resolution of intention being hereby expressly made for a description of said work, and the district in said resolution of intmntio'n nentioned, and for further particul~ars: and WHEREAS the con, tract for said work and improvement was duly awarded to Walker-Martin Corporatio~n Ltd., a corporation, and thereafter was duly completed to the satisfaction of ~he Superintendent of Street of said City, whereupon a diagram and assessment `were duly made and filed with the City Clerk; and WHERF~S after due notice of the filing of said assessment was given, ae provided by law, and said assessment was, on the 5th day of July, 1932, duly con- firmed by the City Counc. il of said City of South San ~'rancisco and thereupon a warrant was attached thereto by said Superintendent of Streets and thereafter said diagram, assessment and.warrant were duly recorded by said Superintendent of Streets and then delivered to the contractor in time, form and manner as required by said act: and said warr~nt having been duly returned to said Superintendent of ~treets with a written statement of all !ayments received upon said assessment, signed by said contractor, which statement was thereupon duly filed by said Superintendent of Streets with the record .of said Warrant and Assessment; and WHEREAS on the ~6th day of August, 19Z2, said Superintendent of Streets duly made and filed with the Clerk of said City Council a complete list of all assess~::ents unpaid under said assessment upon the respective assessment or diagram numbers thereon, whereupon said Clerk duly gave notice of the filing of said list having fixed Monday, the l~..th day of S.eptember, 19~2, at the hour of ?:30 o'cl~k p. m. as the time when interested persons may appear before said City Council and show cause why bonds should not be issued upon the security of the unpaid assess- ments shown upon said list, said time b~ing that of a regular nmeting of said City Council; and it appearing from the affivdavit of Daniel McSweeney, City Clerk of said City, which affidavit is now on £ile in the office of s~id City Clerk, that said notice was posted as required by law, and it likewise appearing from the affidavit of A, E. Bramble, which affidavit is now on file in ~he office of said City Clerk, ~hat said n~tice was published ~s required by law: and WHEREAS since the filing by said Superintendent of Streets of said list of assessments unpaid, the following assessments have been naid to-wit: DIAGRAM AND ASSESS~,~LNT NUMBER AMOUNT OF ASSESS}&ENTS PAID 1 2 3 11 19 2O 23 24 27 29 ~0 32 32 -a 4O 43 46 47 48 ~4 $218.00 109.00 109.00 218.00 218.00 2d8.00 218.00 218.00 218.00 109.00 109.00 218.00 1Z0.80 87.~0 109.00 218.00 109.00 109.00 218.00 218.00 218.00 109. O0 109. O0 ther~t$, re~erence to~a-i~ ~resoiu~i.~n o~ intention being hereby expresoI~' maas f~ a description of said work and the district in said resolution of in~Bntion mentioned, and for further partioul.ars: and WHEREAS the con, tract for said work and improvement was duly awarded to Walker-Martin Corporation Ltd., a corporation, and thereafter was duly completed to the satisfaction of ~the Superintendent of ~treet of said City, whereupon a diagram and assessment were duly made and filed with the City Clerk: and WHERF~S after due notice of the filing of said assessment was given, as provided by law, and sai~d assessment was, on the ~th day of J~ly, 1932, duly con- firmed by the City Counc. il 'of said City of South San Francisco and thereupon a warrant was attac~ed thereto by said Superintendent of Streets and thereafter sa, id diagram, assessment and warrant were duly recorded by said Superintendent of Streets and then delivered to the contractor in time, form and manner as required by said act: and said warrant having been duly returned to said Superintendent of Streets with a written sta. tement of all layments received upon said assessment, signed by said contractor, which statement was thereupon duly filed by said Superintendent of Streets with the record .of said Warrant and Assessment; and WHEREAS on the [6th day of August, 1952, said Superintendent of Streets duly made and filed with the Clerk of said City Council a complete list of all assess~J~nts unpaid under said assessment upon the respective assessnent or diagram numbers thereon, whereupon said Clerk duly g~ve notice of the filing of said list having fixed Monday, the !~th day of S~eptember, 1932, at the hour of 7:30 o'c%~k p. m. as the time when interested persons may appear before said City Council and show cause why bonds should not be issued upon the security of the unpaid assess- ments shown upon said list, said time b~ing that of a regular nmeting of said City Council: and it appearing from the affivdavit of Daniel McSweeney, City Clerk of said City, which affidavit is now on file in the office of said City Clerk, that said notice was posted as required by law, and it likewise appearing from the affidavit of A. E, Bramble, which affidavit is now on file in ~he office of said City Clerk, that said natice was published ~s required by law: and WHEREAS since the filing by said Superintendent of Streets of said list of assessments unpaid, the following assessments have been oaid to-wit: DIAGRAM AND ASSESS~IENT NUMBER AMOUNT OF ASSEY. SIi,~NTS PAID 1 2 3 11 19 2O 23 24 27 29 30 ~2 32 -a 39 4O 43 46 47 48 64 ~6 66 69 ?0 79 8O 82 84 8~ 86 98 99 100 10~ 108 109 130 $218.00 109. O0 109. O0 218. O0 218.00 aa8.00 218.00 2t8.00 218.00 109.00 109.00 218.00 130.80 87.~0 109. O0 21~. O0 109.00 109.00 218.00 218.00 218.00 109.00 109. O0 109. O0 109 . O0 109. O0 109 . O0 218.00 109.00 109. O0 218.00 107.20 218.00 109 . O0 109. O0 109 . O0 109 . O0 109.00 109.00 229.80 89.80 109.00 aggregating the total sum of Six Thousand Three Hundred and Twelve and 80/100 Dollars ($6312.80;. 386 WHEREAS no person has at any time made any objection against the issuance of bonds. it is hereby determined that the assessments unpaid and the aggregate amount of the same are as follow~: DIAGRAM AND ASBEBBMENT NUMBER AMOUNT OF ASSESSMENTS UNPAID 10 16 16 17 21 28 36 41 42 49 62 67 67 68 71 7~ 76 78 81 83 87 9O 91 94 95 96 97 101 102 104 lOT 116 128 $109.00 218.00 218.00 2 18.00 218.00 218.00 'lOg. O0 109.00 218.00 109.00 109.00 218.00 109.00 109.00 109.00 109.00 109.00 218.00 218.00 109.00 199.00 109.00 109.00 218.00 218.00 218.00 218.00 163.60 109.00 109.00 109.00 218.00 218.00 109.00 109.00 109. O0 109. O0 109. O0 109.00 109.00 668.60 263.40 . ~ The t~otal Or aggregate amount of said sums unpaid is Sixty-Nine Hundred Sev- enty-o~e and 60/100 D~llar~ ($6971.50). N0H THERE~'0RE, in consideration of the p~emises, the City Council of the City of South San Francisco do order as follows: Section 1: That bonds be issued upon the security of the unpaid assess- ments in the amount o~ Sir-ty-nine Hundred Seventy-one and 60/100 Dollars ($6971.60) in accordance with the provisions of said "Improvement Act of 1911" and the amend- ments thereto, and of,the "Improvement Bond Act of 191~", and the amendments thereto, under and pursuant to the resolutions, notices, and proceedings duly adopted and taken by said Cit2 Council: said bonds shall be called "Imorovement Bonds" and shall be datedNovembsr 22' 1932, and bear interest at the'rate of seven (7)' per cent per annum, commencing August 7. 1932, and. shall be ten (10~ in number, and of the following denominations and shall be numbered, designated and mature as here- insurer indicated, and the coupons attached shall be of the denominations as follOws: BOND SERI~S DENOMINA- DATE O~ N UMBF~RS TI ONS MAT UR I TY DEN 0MI~A T IONS OF INTEREST C OU~0NS PAYABLE JANUARY 2,1934. DENOMINAT IONS OF SEMI-ANNUAL INTEREST C 0 UPONS 1 T $697.16 July 2, 1934 $68.72 $24.40 2 T 1'.697.15 July 2, 1936 68.72 24.40 3 T ~697.15 July 2, 1936 68.72 24.40 4 T .$697.15 July 2, 1937 68.72 24.40 5 T .$697.!§ July 2, 1938 68.72 24.~0 6 T $697.1§ July 2, 1939 68.72 24.40 7 T $697.16 July 2, 1940 68.72 24.~0 8 T ~$697.16 July 2, 1941 68.72 24.40 9 T $697.16 July B~ 1942 68.72 24.40 10 T ~697.1§ July 2, 1943 68.72 24.40 Section 2. Said bonds shall be issued in annual series and the unpaid assess' ments as determined by said City Council, together with the interest thereon, shall 36 109. O0 37 218.00 41 109. O0 42 109. O0 49 109.00 52 109.00 55 109.00 57 218.00 58 218.00 67 109. O0 68, 199.00 ?1 109.00 7~ 109.00 76 218.00 ?? 218.00 78 218.00 81 218. O0 83 163.60 8? - 109.00 90 109.00 91 109.00 93 218.00 94 218.00 95 109. O0 96 109.00 97 109.00 101 109. O0 102 109. O0 104 109. O0 10T, 109. O0 115 658.50 128 263.40 ~. ~ The total Or aggregate amount off said sums unpaid is Sixty-Nine Hundred Sev- enty-one and 50/100 Do.'llars ($6971.50). NOW THERE~0.RE, in consideration of the p~emises, the City Council of the City of South San Francisco do order as follows: Section 1: That bonds be issued upon the securi, ty of the unpaid assess- ments in the amount oS SiztI'nine Hundred Seventy-one and 50/100 Dollars ($6971.50) in accordance with the provisions of said "Improvement Act of 1911" and the amend- ments thereto, and of the "Improvement Bond Act of 191~" and the amendments thereto, under and pursuant to the resolutions, notices, and proceedings duly adopted and taken by said City Council'. . said bonds shall be called "Improvement Bonds", and shall be dated l~ovemb~r 22, 1932, and bear interest at the rate of seven (?) per cent per annum, commencing August 7, 1932, and shall be ten (10) in number, and of the following denominations and shall be numbered, designate~ and mature as here- inafter indicated, and the coupons attached shall be of the denominations as follOws: BOND SEP, IL,~ DENOMINA- DATE 0F N UMBF~RS TI 0NS MAT UP. I TY DEN 0MIIiA T IONS 0F INTEREST C 0UNONS PAYABLE JANUARY 2,1934. DENOMINAT IONS OF SEMI-ANNUAL INTEREST C 0 UPONS 1 T i~697.15 July 2, 1934 $68,72 $24.40 2 T $697,15 July 2, 1935 68.72 24.40 3 T ,$697.15 July 2, 1936 68.72 24.40 4 T .$697,15 July 2, 1937 68.72 24.40 5 T .$697.!5 July 2, 1938 68.72 24.,~0 6 T ~697.15 July 2, 1939 68.72 24.40 7 T 3697.15 July 2, 1940 68.72 24.40 8 T ~3697.15 July 2, 1941 68.72 24.40 9 T .$697.15 July 2; 1942 68.72 24.~0 10 T .3697.15 July 2, 1943 68.72 24.40 Section 2. Said bonds shall be issued in annual series and the unpaid assess- men%s as determined by said City Council, together with the interest thereon, shall remain and constitute a trust fund for the redemption and payment of said bonds and of the interest which may be due thereon, which unpaid assessments shall be pay- able in annual series corresponding in number to the number of series of the bon~s issued, and an even annual proportion of each assessment shall be payable in each year preceding the date of maturity of each of the severalseries of bonds, and such proportion of each &ssess~ent coming due in any year, together with the annual interest thereon shall in turn be payable in installments the same as Ihs general municipal taxes said Ci%2 of South San Francisco on real property are payable, and shall become delinquent at the same times and in the same pro- portionate amoun~s and bear the same proportionate penalties for delinquency, ~aid bonds shall be signed by the Treasurer of said City of South San ~rancisco and counter-signed by the Clerk who shall affix thereto the Official seal of said city: and interest coupons affixed thereto shall be signed by the Treasurer and bear his engraved or lithographed signature..' said bonds shall be sub- stantially in the form set forth in said "Improvement Bond Act of 191~", as amended. The interest coupons attached to each of said bonds and evidencing the interest to accrue thereon shall be numbered consecutively and shall be substantially in the FolloWing form, to-wit: Coupon No, ~ The City of ?outh ~an Francisco. 'Cal., will pay the bearer hereof on the 2nd day of , '$ at the office of the City Treasurer, said sum being the semi-annual interest due on Impr ovem ent Bond No. Series No, City Treasurer. 2ection 3: Said City Clerk shall forthwith deliver said bo~ds to said Union Paving Co., in satisfaction of the balance due it upon its assessment and warrant. -,-,-,-,-,-,.,.,-,.,. I hereby certi%y that the foregoiug resolution mq~ re,g~],~r~y ir_tro,~uced ~nd ~dopted by the City Council of the City of ~outh $~n Francisco, this 21st day of ~ovember, 193~, by the followin~ vote: , Ayes, Councilmen ,V. BOido, R. Lloyd, R. Tlbbetts, :.[. Minucciani, JosepJ P. ' Quinlan Noes, Councilmen None absent, Councilmen None Attest: City Clerk.