HomeMy WebLinkAboutORD 178•
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'.VllEP.E.AS, at the special bond election ~~eld. in
11.0.!7· 7 of ea.id City, .autho;;:"'ity was given -:.o is;r;".;e :ond.s
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the City of. ?a.lo Alto on Dece.l'.:lber :?..?, 1917;
Tnet bonds of the Ci~y o~ Palo to
t1~ou.so..nd do J. lr.:.re :f,or tl:;e e,cqui sit ::..o.n, cons t::--J.c ti o~ and
C:O!Ylplet ion o:· a SC.-i.n i t:z. r.1 sewe::-sys tern. for a.:tl th3 t ter-
no=ination cif one thousa~d doll~r3 ecch. One of
t:r~ssu.::y o~ the said. Cit.:,, in U!'lited :,;;tat.es Gold Goin,
/-S.;f" on the .~;-.day of _ ... ir. ea.ch year f::o=:. 1920 to
1943 inclusive. toge r with intereet on all sUi.~s u~-
paid at said da:e; ~ro t~1c. t. t.21.e in.te:-eo t on said
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ORD 178
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every hslf year; one of aa.id se:::.:i ... a.n:lua.l payments in each
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s;,z: .·year being on the .-;-• da:,.·
and s:::dd. interest shall be evidenc~c by p::oper coupons
to each ¢ond for each sexi-:.\nnual pay:nen t of the interest
wit~
shsJ.l be substanthlJ .. y in
the ~~.ay of ~JJI~.
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the folJ.owin:,;:; form; to
C:ounty o:f Sant~ Cln.ro., C.ity of PaJ.o Alto.
No .............. · $1000 .. 00
.. ds.y 0 f ... + •••••••• 19
of Palo Alto~ a munbipa.: corpor~tio:-1, inco:po!"ated 1.C.der
l~:i.1s .o:f t::n.c State of Califo~.ia., for val·.;.e :::-eceived,
St2~id City,, in the Gity cf ?alo ~Alto, .:cu!'l
e~~ of c~e t~.o~sand dol-
ls..rs($1000,.00.), b go1:. i::oin of -:l'le United States cf A:ner-
:::tble se:-r::i-~nr..;,ihlly. at the City Trea.s·~ry, on the /.~ay
,...f' J'fl~ ~,,. ~P/;:~/·~...ri>lh.-Y./o."' e· a,..·,., ...... : ..... ·t ........... w ft'"' .. '•':· ••• -••• ,L. .,,., •• yea.:-, '..lpGn the prP.3en-
tation ~n<i s:;.rrende:-of -:..::~e prvpf::r in~eres~ coupons Dereto
attached ..
s of oond8 ~! like
date, tenor ~14 ef:fe..::t, b'.lt :::::.o.turine se::-ially, iss·lled by
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public municipal i:r.provemt:mts i::-1 and for e~dC. City, ~nd
i e issued unde::-e.nd. in purHWl.nce to ~d in confo:-a;.i ty W1 th
C>rdinan~~ee :\oe: .. 177 and 178 of sa.id City, and the laws
of the &t:ate of Cali:!"ornie..
And it is he::-ehy certified. aase::-t.e<l a.."'ld decla::--
ed tna t this b·ond. is ics ued in ~':..trsu.ar.ce of and in con-
fo<r::1i ty with the con$ti t~·:ion and lo.ws of the St.ate
California and the ordinancee of said City of Palo A·ltop
then. two· thirds of all the qualified. electors ":o'ting a.!
said City ~n the jth day ~! Karch, 151S, notice th~reof
r..avins been d·uly and regularly given ~d ... published in
'reauJt of said election. ,..as "'oe'en C.1)..Ti.V:les.ed and. d.ecl.:l.rec
!t is .!'u:rthe::-ce~tif:i.ed nnd declared t.:~at all
of the p~ovisions.~hd require~e~ts c! tne constitutio~
cif said City o!' Palo J-.lt.o ho.Ye been duly a.."1d :-ef;u.lo.rly
._and fully complied with by the prop~:-office::::·s o!' .~:ai·::i
Cit.y a:ld iri t11e itrnua.nce o:' t.hi& bond, a"'ld tr.at all ~cts
,~nd ,-;:or:dit.iorls and t:nings required by la.w to oe done p:-e ....
cede:i t t·~> a:Hl in tl:..e issu...~nce c: cc.id bor:.ds have 'bee~ done
City cf ?alo Alto. i:1cbdb.c: tbe indehted~ess evidenced
by this :asue o~· bonds •. does :1ot exceed t .• he limit presc::-ib-
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I Thia. bond ceases to be3r inte~eat ~nles$ prese~t-
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I. IN W!TNESS W1i'EF:J:'.~OP; the said City of Palo Al to
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are::-i."'Jf said City, anci to be co-:J.¥lte:-si;nec! 1)y ita City
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Clerk, a..."ld he.s c~ueecl. t.he City Clerk. t,o a.f:::"ix t!i.ereto the
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? of said Ci t.Y of Palo r.1 to, this •••.• di?~Y cf
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?i!a.y O::" of the Cit;.,· of' Palo Alto
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Treasurer ~· .... :.i'· ?alo "Af-:.o of the Gi t:t o .. ....
c1-:.y of Palo Alto
The intt'!'rest coupons attaC:"led to said bonds a...."'ld
eonsec~ti·11~ly and. rfrlall be i?'l su'batn.ntially the ronowi:lg
c·oupon Xo ..
O~ t,;~.e . ., ., .. ,, dc~1· of ....... o .......• ::... • D ... "" • ~, tl1~
C.it;r of .Palo ALo will pay the bearer hereof at ti~e City
Treasury oft.ta.id City in said City of Fa.lo Altoi County of
Cali twe;;.ty-!ive
dollars, in gold coin cf the 1;:;.ited States of Ao'i.e:::-iea~ for
Tr --city ea.s i.lrf?r
.:..r.d it is :·~1rther o:-dered that the ".fayc~ o!' saic
·bY a\itho :r ized ·;;,o s l~ e~c:n. ~,,,..,.c e••,::,. ~' \lo ..... M.-.l o~e of said bones as
the xec'.J.tive o!" c.· City ~~ """'~ ,_,; a!"o~ cl, a::C:. +.\ ., .....
Wo&.o·(·,,. ¥ ->-'!.··r;. .............. T:reas -
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e::l.ch ~.nd every O!i.e of said bond a of said City, ar.d -:.!-.at t!:e
City Clerk er:.· Sl'.id. Cit.y be, ar.:d :r~e is ~:.ere:;;y nu.t!::..o:::-i::eC. ~o
to ec.cl: ar:d eve'.::"'J cr.e of naid hones, ~!1d tl'mt said s.igni."1.g
ing execution o! e~ct and every one of sai~ bond~ by Bnd in
nrttu:e of sa~d·:reacurer of aei~ City, and said fac si~ile
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by SC. id C i ty •
~ec._g. Saic conds ~ay be sold by snid Council
o! tl:e City of Palo .. ~lt.o f;t;t net less :han t~r~eir p.:::-value,
The proceeds of tte e~le of sc!d ao~d~ or any cf the= shall
be p:tc.ced ir. the :'reasu::-y of said City to t!:e crec it o! ~:.e
fU.nd. for
~c. J·· Ar.d it. is ~t;.rt.he:r o::cs.ined ar:d orde:-ee
s'J"bje~~t to 't.~.xation in said ::ity o. tax
edness as scid interest
also tc pay said principal ~stu~i
fc::: the le·~··y and·
collection of
P~Y in ~~11 all the interest 3nd principal of said bc~ded
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i!;eued as aforesaid, ~n:.: sc :'ar cs this Cour.cil has the
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d. fr:to d s ir.kir~ !u~d ~s soc~ as
~~·ie sume sha.11 be coll.ec.ted, a.~d ~b.al1 re~~ir: in
eipo.l and interest to be :r..:·de u.po:i sa.ie bonds, and that whe~
bo·ric.s s}:~ .. ll fall due t}'.'.e ".:.'res.surer of said City be, an:. he
is !i.~recy .a.utho:ri?.ed and co~a.nded to pay out of the ::o~eys
s:;.a11 be !'!'lcde the::-e!'or ~s ·r,.y l:Jvt required, c .. nc
,,"l'"IO·'l"'. ·t· .. ~.e ""'··-" ... 'r'.t\.r .. ·~""-r' o~· t."".'.6 ,.o-re1.;1..-,o-.31' 11~r. '\.'O'l'"'dC" "'""'d c"','""'O .... ... ""'r ~· ~ -~........,. -'I;.' "'".,;;. ----... .. • ..... ~. ; ..... • ·~ l.i ... ..., t;:..i,.. ""'""' r ... ...,
e C., p ro:::.i ee d
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I interest thereof, ".J.ntil the who:::.e a."no-:.:.nt of said i:-:dehted-
l ness ·s.~d interest shall have been fully po.ic., ar.d 't...'i.at ea.eh
··and eve!':r on~ . of' .ce~~ei ti.ens a!!C. providens ~tated nnd r :t:'.:rovided i~ relation to the s~id bonds t-y S;1ie'. or<'!i~1~nce
calline said election
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:p:r·ir:tecf on bond pa.per zo called; a:.d when p::::-operly exe .. c~ted,
· sigr..ecf ~id sealed, shall be delivered to the ~~i ty ?:::-easure!."
. city of l?a.lo Alto and City Cl~r-k, :-eciting the r..~·cer o~
each bond and. th.a. t the o a..--ne are to be delierec to t:i:1e order
of tr ... e · Counc i1. of the Ci t.y of Palo Al to~ a.ppro"'l'eC. oy the
Mayo·:r. and s3id City Trea.r.n.lrer shell c e held :-eeponsi ble or1
:his offici~.l bo:Ad for t!':•e aa!'e c.uetody s.nd C.elivery th.erect-.
Sec, 6~ This ordinance: s:::.all be posted b:t the
City Clerk on the le tin bonrd ir. t:C~e City H.& 11, e.:nd. shall
T:~is o~d.i?1ance was duly ~*\Sse~~ ~nd ado!)ted ac n.n
11,,r .)",\
ordir.e..:nce. c:f !.he City of Pa.lo Alto e.t .. s=t =~ :L:::tt\J'4 regular
City o{ P~lo Alto teld on
I hereby certify th:~~~ tb!
o:-dir.C:> .. r..ce wan d;;.ly -paseecl. ::.::-!C:· ::::,os-:.ed
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