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Home My WebLink AboutORD 494ORD 494 ua : aa z paw24z:sa JS4J a .. x :nM& :: •m a a: ~a ·~•12 :a .22 : u'u ts 112z. J!llil&AAW ;.J.. d " ' ·~ .-" ! • ' ~ ' • ~ I•' • - . (. I 1; ., 0, · .. ,1· -.. AltQ., a municipal corpo~a.tion incorocrated under the laws ot t;be .State' of. California, for value received ~ereb,y promiae to .pay the bearer nt the c1·::.y Treasury of said City i in the City o:f' Palo Alto, c01mty or · .. Santa. Clara, state of California., the S'l:.'?l!l r:>f one thousand {$lOOO·eOO> .dollars' in gold coin o.f the tTni·ced States of .America, with .:interest-thereon in. like gold co in from :the-tfe:te hereof, at the rate of fi.ve per c1~ntti.m per a.rul:cim~ · payaible semi-: annually at the City T:~easury, on tha second. day of July and J'anu..ary of' each ;rear, upon . the_ present1at1on and. si.1rrender of the propie:r interest coupons hereto attached. ·· Th.is bond is one of a seriEfS of bowis or like dilte ll teno.P.· and. e:tfeet ,· but maturing serially~ i:~sued by the City of" PaJ.<> ilto .for the purpose of e.equi:~ing certain pcibli~ ,municj.pe.J. improvements in tiind £or sis.id City, and is issued under and in pu.rsuar.lc:~ to and in conform! ty with Ordinari.ce No:!. 456 and 494 oi' said Cit;,·, and the laws cf the State of C.a1ifo.rn1ae •.. And · 1t is hereby certi.fied.s a·sserted and declared that this b()nd is issued in pur:sus:.nee of and in conformity with the .·c'oj:ist1tu:tion and laws of the Ste.ti~ of Cal1fcrnia and the orii=Lna.nces o'f said City of' Palo Alto, s.nd. in pureua:nce. ojr and in coni'ormity wit.h a vote ot more than two·~th:irds (>'£ all the qualified eJ.eet·ors v')ting at a so&cial election duly and regularly called and held in said city, on the 12th day of J'w.ne:, 1929., notice thereof having been.duly and :regu.larly given and. published in. the manner and for the p~r1od reql:d.red by law, and that the result of said el~etion has been ;canvassed and :dec1ared and entered in the mannex· as req,u:1. red by law. . . It 1s further certified and. de1clared that all o:f. the '.prov13iOn8· and requirements of the ·constitution a.nd. laws ot tb.e State o!' Call.form.a a.J:id of the ordinances· o·f s.aid City of .. Palo Alto have l:een duly, regulax·ly and_ fully coqlied with by ;the proper o f.f'icers of' said. City' and 1n .the issuance O·f t.bis bond' and that all acts and :conditions a.nd things required by law to be done: 'Ol"$Cedent to and .in the isSUe.JlCS Of said bonds have; been done and.have been performed in regular and ·. dU.e .form and in stri.et accordance with the provisi.ons of the law autl".d:>rizing said bonds; and that the total indebtedness ·Of said City o:f Pale Alt<), including the :indebtednes-s evidenced by th.is issue <)f bo=ids, does .not exceed the limit prescribed by th~~ constitution and laws of the Stat:e of' California~ Tb.is bond ceas·es to bear inter~~st unless . presented at matur1 ty. · IN WITNESS W'HEREOF 1 the said C1Lty of Palo Alto . has C'S.Used this bond to be s 1.gned by the Mayor am Tre.a:Su:rer o! said City, and to be 1~0utlters1gned by · · :tts City Clerk, and has e,m3ed the City Clerk to affiX thereto the corporate seal of ::mid City of Pa.lo Al to' t!:lia second day of July' 1930. /,/ . , ~ / # l' ~ _-·r V . ff.· 1'.,/K./U,/.l--U~·tt-~ . -·~ ... ~ :, ~- .. ;t .. / .. ' I-·_- ' :'. .......... ... • .. _; itil ELA Li i & lE _ !S!bl d 1 zaazta. • • • • ' < • I ; ~ ._/' '~ " ,, " ' ' "' 1 • • ' The interest coupon.a attached to said bonds and evidencing ,the --interest ·to -!~crue thereon shall be numbered conaeeutively, and shall be U.r. substantially the followin~r .form, to-wit: Coupon No. Bond No. _ _ On the seco.nd. day of Jrum.ary" .A.D. 1930, the City of .Palo Alto Will pay the bearer he1reof, at the city treas'tlry of said City in sa.i_d City of Palo Alto, County of: Santa Clara, State 0£ Ca.11f"<~rnia,. the s·wn of' twonty-:fiv~ dollars, in gold coin <)f the United States of .America, ror the semi··annue.l interest due on th.at date upon 1 ta abo,1e ?l'lllllberf~d Hos1>ital Bond of 1930 • .-·""\ .,. 1/1 (l ~· .. ,;-fr. ~Zl~ Ity ru.surer. -Said bonds for the sitm of two hundred fifty dollal"S shall be aubs'ts.ntiall7 jL,n the arune form as nrovided ror the bonds of the d~'nom1nat1o.n of one thousancl dollars each, excepting the ::r.\lDl provided to be paid oy · said bonds shall be 1:wo hundred !'if"ty dollars and the .interest coupon.s on sa1.<i two hJindred fifty dollar bonds shall be in the sm11e form as the interest· coupons: for the bonds ,1n the denomina.t:to:::i of one thousand dollars, save e:nd, ex.c:ept the. serni-annual interest t.l:.ereon sh.all ·oe the SUm Of Si.X dollt\rS twenty five C•~nts • And it is further orde~red that~ tr:e Mayor of said Cdty .who 1s the e.x.ec·uti~re <>ffi.t;t;;;;· of said City be, arid he is hereby authorized t:o aign each and every one or said 'bonds as the executi've of st.id City as· aforesaid, 6.nd that the i.rreasurer of' said City _be l'. and he is hereby author1.z~d to sign each and eveJ:oy one <>'! saf.d bonds or said City,. and .that the City Clj~rk or maid City be, and he is hereby authorized to c~ountersign ea.eh and ev:ery .one of said bonds of said City, .fmd he shall affix thereto tne corporate seal of sia1d City to each and every one of: said oonds, and th1a.t said signing a.D.d sealing shall constitut.~ and ibe a su.t'f5.eient and binding execution of each and every ·one of saic~ bonds by and in behalf' o-£ said City, and. that· there shH11 be lithographed or· printed upon es.eh &nd ever:r c:me of the coupons attached .• to es.ch of' s·aid bonds, a 11th<> graphed or printed f,e.csimi.le signature of :said TNiasur~r of said C1ty 1 . and said fs.es1m11e 11 tho graphed c)r printed signature· of s·fdd Treasurer et: t:a.ched tc• each of said c:oupons· .sb.all ccinsti tute and. be a suff:S.c1ent and binding execution of each and every one o-£ sa.ic• coupons 'by said City .. See... 2. Said bonds may be 30J. d by se.id Council -of the City, of Palo Alto ·at not less than their par value. a'f; either private or pu.blic sale, and without --further .notice 1' The proceeds rJf the s are of said bonds ·or sn:r of' them shall be placed :1.n the Treasury of said City to the credit o:f the fund. :for which they were aµ.tl:J.9rized., which !Un~ shall be designated "Hospital Improvement.)~und or 1930i' and the mone:Y in said .f\ul.d shall "be -applied: e.xclu:s1vely t:b. the aforesaid 1mproveme:c.t .. See .. 3. The Cou..n.cil o.f' the City of Palo Alto shall, -at the time of fixing. tb.1e genersl tax levy, and :!.n tlle: manner fol" such g.a:nera.l. tax lev:v provi.ded, levy· and co'llect annually each year 1:.mtil ssid bo.:ads €tre pa.id.,. o,r until there' shall be a sum· 1.n the i~.r·easury o: said city of: Palo Alto _set ape:rt for th,at purpose to :meet ;, ,,. 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The taxes. theriedli requlred to be levied: arid:' collected shall be in a:ddition t;o all other taxe-s levied .for mu.n1c1pal purposes, and sha.11 be collected at. the time and in the sem.e mannt:~r as other , mtlll.f'e!pal taxes · arefcolleeted,, a.'"ld . be u.sed for no other pu.rpO-se than the payment. -of said bonds and ·the accr1rlng interes:t. :,_ , , • And: tb.e, said. Cou~cil of .the1 City ot' Palo Alto fUr:t.her ordains that there shall be and. tllE!re 13 hereby 'pro"Vided a, sinking fund to -be kept by the T'reasurer of s,ai·d City, to, be designated as the »s1nk1ns: 1-"\md for the Paym.ent .0£ Hospital Bonds of" 193Qtt, and the.t the proceed.a of tbe levy above ,mentioned shall be paid into said '\ ' sinki:::ig fund, e.s. sqon· as the sa.~e shall be collected, ,.: .. . ;: and shall remain in sa:!.d sinking fund until required for the re:spective p~-yments o'f princip!ll and interest to be me.de upon said oonds, and then whe:ti, the res pee ti v,3 psjments of the Pl"ine1pal and int,erest of sELid bonds shall .f'a.11 ' du.e,. ~the Treasurer 0£ sa:t"d ... City be j>·. and he is . hereby au.thor1.zecl and commanded to'"pay out of the :noney of said sL"lking fund, the said re spec ti ve amounts thereof, when dexn(tnd shall be made therefor as by law req;,1ired,. and upon the aU:rrender of _the corresponding bonds and coupons to said Trea.·sur~r, the c.uty of said Treasur·e,r shall be to ce.neer sa.1,d bonds a.nci coupons as paid,, immediately after their payment. . And it is further orda:t:ned:, contracted, represented, promise<:!, and agreed, that .none of the mone:'fs paid into said ·,sinking ,,!iind shall ~' used for any oth()r purpose tb.an the pay-f.l1e:o,t >Of , the principal oi' said. inC.ebt(~dness and the interest thereon" until the whole 1am0unt of said indebted ness ·s:h:a.ll:have _been fully paid, and that each .and every one o.f the: conditions and p:rovisi.oi1s sts.ted and provided :in /relatio'.n to. the s,s.id bonds by ,s1:i..id ordinance callir..g said_ e-le_ction shall be compli~d w11~!i. Sec. 4. All bonds of said City nerE.::in pro·v:tded to be issued, sha,11 bear the_ date heri~:inbefore provided, and shall be e.xecu:ted and ready for deli ve.ry to the purcb.a.ser on paym~nt ·of purchase price, and :shall be litho,~apib.ed or printed on bond paper> so called.; and wr~m properly exeeute·d~ signed and.. sealed, shall be deli·)ored to the City Treasure.:r· and a r·eceipt the,ref'or e:x:ecuted ~r him to tb.e Mayo:r: of the City o~ Palo Alto a..~d, City Cl~J·k, rec1 ting the number of: each bo.nd and that s.!3.id bonds are to 'be .. .del1.vered to the orde:• of the Coun1~1l o.f tht; City of Palo Alto, a:pproved by the Mayor, and s.a.1.d City ~~res.surer shall be held :responsible on his official bond for the sa.ft-e custody and delivery thereof :as aforesii1d. __ ·Sec. 5,; This ordin.ance shetll be po:lted by the City .clerk .on the bulletin board 1:;i., the C"1ty HS.11 and shs.ll take effec·t and be in force frcni and after 1 ts p11s.sage .. . This ordinance was duly pa:e:sed and adopted as an _o:-dine.nce of .the City of Palo· Al.to at an adjourned regu.lar meeting of the .counc11 of the City of Palo Alto, b.eld on ~he 2:4th day of February, 1930., by the f?llowing vot~: A.~'ES: Miss Bau&';, Bel'tsche, C&thc:art • Chr~~stensen,. Eobart Johnson., Kelly, Mosher, Reynola.s, Tl1oits_,Th.Omas,WooA. NOES: N'~ne. ABSENT: Lausten~ Mrs~ Thomas~ At test: 4&2 ~, ~ / ---· ·~,.,__ty...-..~~~~~, - -- ·1··, . ' ' .c ! ... . ·-.,~ j,' ,.· ~; • • •