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HomeMy WebLinkAboutORD 519ORD 519 380 • t-' . : _,. ' ' ' , --,, ' r ' , ' ' ; ' ~ · O.n. the second ds.y o:' .Ja.n.ua.ry, 1932, the City of ?nlo Alto,. a. municipal corporation ir.co:r·pore.ted under the l:::i:.vs of the St::.te o:f Califor:::lia, for vs.lue r·ece·1vsd· hereby prom"i.se to pay the :,o~re?' ret the City Trcas~ry of said City, 1L tae City of ?a!o Alto, Co-.inty oi' Santa Clara~ State of C8.lifc:-nia.:r the sum of one th.ou.se.r~d ($1000.00) dollars :t:1 gold coi:n. o.f t~-;.e L'r.-l'·t·~r"l $t'.a ... ..,,s of .11"\"'erica ,..,.t ""~' i·"'t""'Y·;~st t. n"'."""1"''1 i· ... ,J J.,,i;. _.,..-.. i..,11 1,....;,_ 1..-... L ' •-~ • .l,._...,,,. -'-A .. ._..__ • i;;;. ... v...,,. -·"'"" lik~ gold eoi~ fro~ the date hereof, at the ra~e of five pe:c cer.tu..-r. per annum, payable ser::i-a.~.rn.ts.lly at the City Tre~.snry, O:::i the j~::!CClr1d da:-:; of :ul.y ax:rl Jo.m~.to1.ry cf each year, upon the pr·e~:e11tation and s:irrei~de::.~· of the proper iil·,t~~r~c~~st coupo:-~s f,i.~r·eto attached.·. This bond is one of 8. series of' ·bon::.ls of like ."1,;t"" ""eno .... C\nc.' ef.Pe·c.;.. ·but .,..i.:Jt 1·'"'i!',... 0 ~.-• .;,_.,," is"uec.' •..-..:1 \J' ""' .. ... f,Oj.\ ' """' ""' ·~!:;A 1¥\.,-".t:. ....,._.._ .a.1;.A..J...-.,; ' .,...,, .,:\ ':rJ t.ne C:!. ty of Palo Al to for the purpose of ac: .. 1ui:::':!.:;.g :~(::irtai:i Dt:.blic r.1u::ici'.)etl imnrov1:.:mt:;:c.ts :Ln e..~i.:;. for said "~'-·· _,,~;;; >s <fAS''-"d ,,;,c'»..., "~·.-'1 .;,-.i...t,.,...$"'0 "'C'"' .i. . ..., 0 n0." i•~ \1 ...... v;; , ..;..;...J ............ ~l ..... .,::,,, .. '..-\-~"'---· -• \:i.. ..... ~ .... -'-·f~.l .t.... wi.....-..~ ... ..,,, v 1w1 '~· ., ... """' "0 ~ ~t .. ··. '·~ t> Qv·c'i ,..~ e ""O'" 4c:h ""'a· IC..la ' cf' "'"'ia.' ..• • • .i. o rr:i.~ ,1: .. 1... •• ... . n~i c i.• ., • \.) => """" v 1 1 ·":•,,. • ... ,,.. hi· -.,., ' ~·-, "' ., .. ,. o .f' .... ,... "' ':'. t ~, .... "" o.. " · ' :i· ··or"' ·:i-' '._/"Cy, a .. .:..C. '...,l..,...:.,.. •• ~ .. J.,;;. .i. ~ .... ~ ~ 'i,;.LI.,.,_, .J.. 1.,./a......,,.,.,J.. J.,s,.tli..'-"-· lrci ~ + is ·~e"'·0',.,~Y cr:..J···t"f f'i"'C.., a S<01e.,..,te .~ S .. 'd .1.~... • .... 1,,1 ............. ...; \ ... ' ....... ,.,. , ..... ...;). .. ..,( ..... declared. t!~nt t!:..is bo:i.d is iss'.led i.e. pu:-zuer"c:e cf' :;y,d i:-~ cor-.for::;iity with the const~.:.ution and J.s::;:; of t:::.o Stat~ of California a:nd th~ ordina.::1Ces o~ s.~iJ.d City o.'.:"' 0 ''1 0 · 1.i..o· ,..,..,,,.:: i"' r1·urc:>"'anc"' of' ''"nd 'in ,·o···f'o···,.~··~ ._~~ ~ ...:: ........... ~ :· ..:.•-,,.. ,:, . .:::=...z..~:+ .. .i.. .u. >" .... ....... ~ \'.;; oh ~· -.. \;, ...... "'' .i .. l-. c..i J with a. v.ote of more t!~&l~ two-tt:i::--Cs of all 1:he .:;.ualifio;d. C . .,J..e·cto,...;, vet.;·.,., ..... at-s. -:.''"'0 c~, .. , ,.,,,..,c··~o·1 ct,,1~.· 1''"·d .,....,,,,.,.,,,.,, ...... 1,~ . .-w . '-'..J..1.-... e~ ""' ... t-.J.!"".~ .1.. ..... "" • ...J ........... t .. .J... \ v..-J "'-""•~ ... v:::l~-~ .... a ./ cs.·11 ... ed. $lr:d .:1el.d in 3aJ.4 C.ity, 0!1 t:r1e l2tt: c:.:l.·:{ of Jt!ne~ ·i O? Q :no~-; c··e ti--. A V•eo f' ',-,a ~.i Y\ ::r "'e e·~ ,;.u' ~~ a1~ ci YIP. ri···· i-.. .... 1 y --~-v,, ... "'-.... -. • ..1..1,; v •--t::i v ....... \,.!. ..... w cA• """_.e='"""' -· "~ ., . .;_.,... .,.,..,~ '"'P""lj Sheri -! .,, •j..1-; '" ..,r.,,,"i;::,.v. ""'0.. f'Q'-' t•it:• ,..,L,v>·!od ren·i.t ,.,.,.,.:: t°J~'llV-1·.1 wi,.J..\.J. ;,:.J~;.) ' \oi. -~·'· i,...,,.,...._ .1.,.l.. ........ i.i..•.il--.1. c.o,.,..,. ..., ..I. _ .. .,.. t-'v..,,J,.. '"1..'·"-..:.. ... ,...\.Ai. "'·7 l"w ,.,,..,a.· +·:·a~ .i-"~"' .,..·esu"!~ o"" s"1·..::i e~J:>,,~·10" .,..,,~,... ~e"'·"' ·· ..,jl '~ ' '~""A, ' I,,, ... ,;. '4 'Ii.I ,~J..,,~ """., • ..1..... J. <,!;., ,t..... ..l.'I0,,1~, v ...... J.~t;'"'..:,. 0-,J i,,;,...,.._ c;o..:r.v'"s.ssea sr!d Ut;;cla.r·ec. e..n.<i ente:r·ec. in. t~o !':'1~·1n~1,er as r'(~qu.irGd by law. It :ts fu.~·t.her c.ertif1Gci a:r-,d dee.la.rec. that s.11 or the c::·ov:tsicns anc:. require~ents of t.i.:.e co n:sti t:.:.tion and l'1\:11s of the State of Califo~·rl.ia a~1a. c•f: t.hd ordinar;.ce~ ,..~ s"dc.' f:it-:r o"' ?a 1o /\1 to i-\rPve 1...e"-'"" 1'1,,..,v r..,.,..,..,,·~.,.,.,,,.,. · 'j ~. ;_:,.,....... wl ,, J. ..... .:".,..,.L,. J~.i.. ... , _. ;,.,.1 W.i,,. ....-.i,,.. ... .J...J' \;.oei .... , .. <;:o..,.. ..... .:: e.r~d fully cm;:p2.ied. wit!. o:r the proper officer-:~ of sBid Ci.ty and in the f.s::!uance of tl:i.s bond, and thia.t all . . d. ""i . ..,.. • . ' ' ~ t 1 G..Ct-s anc. con :.. .... vns s.nc. ... ~Lt.ngs r-eq~:.:::'ea, oy .:..aw o ,:-Je c.c~.e ~receder.t to and in t:ne :..ssusn¢e of snid b<:>nds hs:ve been done and have be·::;: .;erfo:·med !.n !'1;;; ;u:.£..Y· and du.e. form end. in strict occor-d.s.~'.lc~.; ·1;1itl1. the P!"<:)v:ts:!.o::s O"'' .1-,..,"' 1 a"'' , .. "t'"'o ..... ~~1.-.g sa~,.J "bOl"'c.'s· "'""c.·· .. n' "t l-1--i~. tot..,, ,,\,.: .. ,,~ ... .;. ·....:..: ... ""i --~ ............ ~ .... ~..L .... ' ............ l..i <:;ii. ......... i;;. .;.l..Jm i:n.debteci.rJ.ess of st::.id G:tty of ?i::i.l..:: Alto, :t:-~clu.cd.ng tl1e in<li:;::itedx1ess ev:l.d.Br.~ccc. by tr~is :!..ssci.e o:-bonC.:s i· does not ~xceed the limit ~rescribed b~ the constitution nnd ls0s c~ the 3tate-o£ California. This bor.C. ceases tc 01n .. r interest :inle:ss prese~tcd $.t.. r::.a't·.u·i ty .. ,.,,.""'r-'S'""'"'"" o'' "'·e· (~-;::-of ~"'.l.O !. -:-.... .... .. """' ~ ~ ... v... ..... t.... • .!.. I' ..... w :J .. -..... -., ...,; l .; •J ,_.· j. -~· .... ~ iJity c..:.er.e~ o±' tr.i.t::i l:ity Q± :?a:o Alto ;,W_ ·,j,., . ~ '" . '· .• , . • .. • .. WWWZ#ll£2$1 b .. f . ' " ..__ The interest cou.por;s attached to ss.:td ~)O:'.C.s CJ..n.d ev:tdencing the 'ir.terest to accri.:,e thc:r'l:.:o~: s::,all be .nu::nbere<l co::'.secu.ti vely, c.r.d sha.11 be j.n sub­ stantially t:C.e fol:;.owing forr.1, to-~'::1 ":: :: 'f'.~ •. o .• Cr. the second. d:«J' of July,, A.II. 1931, the · c:t·+-·.· "'f P<=< '.o t-.. .,J.to ·.-;( 1-: "'«>~y -+· .... ,p ,...,..,.,a"'"''~' ..,1ic·.,.,eof <1,_ ""' ""~/ -.. , -'-'"'-' ,. ' ,,1-._-i.. C"'"""' _._._ v~ J. '-'• "" ....,.,. 'I "" Vo the city treasury of said City in said City of Palo Alto,. County of Ss.nts. Clar·a, Jtate of Ca.11.forr.ia, t·he ~.u~ of t~ver1ty-fi "J'e doll~~i·is, 1rl g:JJ~d cc>1:::~ o:' ~.~;.e 'tJniteC. States 6.f 1~·1lc.~1.ca, fol., tl~~; s(~rr:l--~~21~·1'J.e~l ir:.ter·est du.·Z: o;:: U1~.;.. t dute unO!l :t ts above nu-:;ibered 1'" '·i·t· ~ P~ ' f' "9'"1 , .:esp:. UJ.. ~:i.e. () .... , J. ... v.A..~ Ssid bor1Cs .~\;r, tr~e su..._;1 o.f· t\v) !1ur1d.r~d. f~. ft:; dollars shall ·oe su.'ost nr. tiaJ.ly in th:: same for::n as prov-ide;:!. for the bonds of the de:l1)mination of o:ie thousa:·~d dolla:·:~ e~~cL, e,-~cepting tl1e suJo. provide::i to be ;.)&id by· said bonds shb.ll be tvt1'.) hur1d:-ed fifty dollerz ar..d the inte:::-e~t coupons on .~::tiC. two \,u"d""·"'-~ ·r1 ... t 1 ~ ,.:01·1 a""s 1""'n,..s ,.,.,..,,,.., .. b•) -in *·";; s".,.,A ... .:.. ,.~ • ~t,,.;.. "'"' ,, .. i """ _...;.. .• ,J'.,J.., ~ ..:....;,..1.0.J..J... '"' ..... .... t.1"'-.i.'..,.. ~, ........ form a.s the inter,.;st coupr.n~s fc-r the ':)ones in tb:~ de:-tor;:ins.tio:'.. of one thcuss.nd dolla!"S, ,s8.-<;'e snd e ;<.c ept tl::e s ,::r;;,i -s..r~n'.lal pr·c/~rt:turr1.s t1~.e:r 1 ~~c 1 r. z~1a 11 "Je t:ie su~ 6-:~. six dc·ll.~1 .. s t~~erity-.fi·J~~ c~~r.~ts ,,' Arid it is f1~,rtr~er order<::d that: tl::e Tu:s.70:' of sa:td City who :ts ".:he ~xecu ti ve of:~lcer-of ;aid. ,:;1 ty b·J, and he is hereby l\1.l.tl.or·ized to si_f~::. ei'tch and ever-, one of said. ':::onds as t.l:ie ·:)::c:cuti've of ~"io' r{.i.:~ '" <;J'"O"'e"'"i~ ,..,,.,: ~'hat· .. .,,,,,,. ,.,.1,..r.-"s''"""'""' or--.:\~ ·. v..i.,i,,,;J ~v 1 .... J. ••.. 1.,... ..... , ;;;J...,A.,..., w..., ... '..,..1..1.\:J J..-'"'..-. 1.1o..,.'w.• .l saic City be, .s.::i,d :ae :Ls hcreb:',· autr...o::·:tzec to sicn (;;:3.Ch a.nd every one of sa5 d bo:::ds cf ~:a.1,d C 1 ty, s.nd th.at the City Cle:."'~ of suid. City be, s.nd he is t.e.reby au~ho:::-.ized to col::.:"l.te.Lsign. eacl'.~ a:-~d •3very one of said ':.?onds of said City, anc ~~e sha.ll sf fix thereto the corporate seul of said C:lt:r to each C~~ euel">y one 0~ ~n1"c:." ~cr~s r~~ t~n~ D~id ftiN~ir:•~ '-•"•'-" \ -•• -··'""'· ·~ ·"'"" ' O.uU. ,u,., ..... ~. -:> e•· •(':, cr'"d ~e~ling srJ.s.11 co:;.stitt1.te 2..:ld be c .. suff'icient aad "binding ·~x,;;c'J.tiOl~ of each and ev,2r·y or1e of said bondt:; b~:; and in bGhalf of s&id. City, a.nd that tr.ere s:n.s.11 b\; l:L tho graphed or cri::lted upon <~ech and every one of the coupon3 sttache~ to each cf said bor.ds, a ll thograp::i.e0. O::' pri:nted f~csi.m.!le signature of said TreS::S':lrer of sai.d. City, <:1.::-1c se.lid fo.csi~ile lithographed or prir.'A:d. sl8.ns.t·:.iz-e of said Tre&surer at~ached to esch cf Shid cou~ons shall constitute and be a sufficient and b:!.:t2di::-1g i~xec'.lt:'=..on of each and ev~~y one of said coupons. by said City, ·.vb.ich fun.d shall be d.us:tgnated '1 Hos:pital Ir.1prover.;ent Fund of 1931", and. the rr.oney i~1 said fund shall be Bpplied. excJ.usi vely to the; sfo:::-essid improvement. Sec. 2. $,s.id bo:cds ::iay be sold 1.::y sr .. id Co·~mcil of the City o:' Palo ; ... lto at rt:)t les:::;'ths.n t'.:leir pc:.:-value!' at ~::itl:i.er priv8.te or public: sF.:e,, Z\71.d without f\.trthe::-notice. The :)I'Ot!eeds c1f the S a1e Q~ ~~·~ ~"~~$ Q~ ~n·r ~~ ~~(·-·S~~~1 bD •_~!~c~A t...ii..-.,.; ..,. h.J(;;..,.-,\,.i,, YVJ.J,~ J. O ... ,,, t1.,/J, l.tkA 11 .. .6 ""J,.~.i.,-1....1 -..'--""" ';;- ih the ~reasury of said City to the c~adit cf the .f\l':iC!. fc :z~ ·11~;}11 C!'"-the~t VJ~:.:rtti.: S.u.tho!•ized • • ~, . .. , , , , , : , , ·, , , , , ,_:,~ ·~···~(. ~, ~-~·:~-.i:~·. ~ :·',, ,, ._~'-,.,: r· ~· 1 ... ~' ·~ ;:. ' • / ' ' ' '. • •-( ' ' ~ F ' / • 0 • • • • • .. • l~~vy.1 fa.!1~-;_ ir1 tt~e ma.nnez~ .~for SU1~}~ e;erl8r"Ul t :.~.X .l2 "'.t;/ p::-.'o7id.ed, lB'rJ ar.d ccl~_3c'.:; a:u:i.us.lly each y:efu• 1::.til s ~ii4 bon...:!.s a:--e ps.id, o~ u..rJ..til ti1'3!°'\) s~''.i.&l:i.. bE: ;fl. ~:>-:.i.m in tho -c:·8&sury of ssid. Ci t·;r of Po.lo Alto set '..l.po..rt f(··r +-·r·,r ... ,... .. ,.,...""o~e ""o· .,...,e,,.._ ''tl ~"-s ccr"'i,..,,.. ,;,""' "o ..... I \.< J.Cli.~ ... ,::·' .-...., ~ . .:_·, u .i.+i.;;,~ ~ ',l. ~ .;;:t~.J .-J.L a._,,::~ '-\,4.\.,i ,;_ .. t:=:'iY:c~.pal o.~d. i:-~ter·.::;st o~;. s·1c::.: bo:lds, ;;i. ta.x s1;.ff:tcient to ·p~J t~~e. ::1!1!)\lal 1J:":tr.r::·8st or~ s11c~ .. :Jor"'dsJ' :i.:1:::.C. also ~;;..;.i:.:~:: ·:iar;t of t!;.e -orin.c1na.l tl-.!.8:'"'t;C.:' as s:··-~112. o,~corr:t: ri,.,,., f.;•"'o¥··e ... ,,..:., t~;,e f'o~"~ f'"i..,.'I ,..,~ tYc· r.e~·~: zene~·a..l.~ :a .... ,.,.i. ..... ~..., ·• •..1 '":" ... . ... .. .,,. ••• ,..,, ....... ~...,-.... -..... , ... .,,.. -.l.c -.J.-..,.. ~ "" lo-t -.. ,..,. l<lVJ~ ':'he te..xes t:t'.1.e:r·e1.n ::-e-1_u:LreC. to b0; lcvii.::C. ~1r.d collected sh.~11 be in 8.('.:d.1 tio::: to si.ll other tm:;:s levied fc~ r.run!..cip::i.l :;:;u:.:"pose:-:, 8ncl s!~aJ.l >e ccl!ected 9.t th~ ti:te and 1:1 the s~c:e :::anr1er ~'ls oth1er· ;nu:·;'5.ci pal t-··1x.0s ar·e collec'!::.ed, arid 'be i.lsE;ci i'or no other· puz·!=<)se t :c,.;;,r ... ;.:.,,. 'f"\r··,,...,..,,,, .... o~· S"''iC~ ·~'O"'C.'.S .,rr' -1-'o-,:. '~C"!'"~'""' ~"'·"'i:."' ·•'t ............ i i....J,.t,.,. ;_.1~J1,jJ.'.:J.1o..;..;_. .,; .... I.A.-.._, ,~.. ..; ........ -. ....... ..:. .. ~ ..... '-•~,..J...1.:~. ~i...i..l.\J...,,,1,.t.:,,· ....... Anc. the si;,id council of :the City of Pa.lo A1to f~.'.'"!:-''t·~··ter· o,....~~~ ...... s t~"'\o.+ t·,~Ji .... 'ti:.:> s·r·c.--:: h.;:;.. \'"~V"it'~ -+.-:,.~f..!.'Y':;;. -t~. '";)'l•'j,:.1""y ....... "'... ---· ... "'~'\:roiw..Ml.to•~ .... ,.:;i. \.J ..... ~~...... -<-~ .. i....l .... ""' ._ ........ ,1. 1_. .... , .... _..""' .,......_;i .... ~ ... .:. ...... ...,1,, ~.~:··O'?lded .e s·i:-J·:i::-'!.g ffuri.cl to 1:;,·:~ J/~ept b-::t .. t~:.e '.Cr,easl:.~eJ~ o:\ ..; "' 1 _. ,... i -Y '"' 0 b •'> ,:. f~ " .; "n ,., t-'"' c.' r, "' t .,_ "" II '..'. 41 "' 1 r i ""' g ~~' ""'C "°'(' "' ,_ ,, • "• ,;:)_.t;'.._,_l-4 V I,,. ' 1.J r:;,... ....._ ~ ;.:;> ,;._~,'\.i. '""" w\a ._~"'._.... •• J..... YJ,..,.i.J~ ,.J, ... t,,A,, ~ , ..i. ~,._ "-"••'.,... r:>,,,.,....,e ... ,~, (~ ... ;.~o"-.;+ ... i ''.>on~<) o"'' :a"'l" ,.,~,;; ... ~ ~·+ ... -, . .::., ')'"OC""~'·" ._,,,.:..J.:~ ""':'v .JJ, ..... ,;.:i,() .... ~.;:..i..,t,. .i:I ..,l~,co# .l. ....... v ~ .,;..."' ... ~ .. -..,11t.'1."-... •.,i...,"'· .... · l'""• ~t:::\;.i\,..i...:;. of tLc le~y a~ova ~en~ioncd s~ell be paid itto said si;.1i~i:~~· fw;,d.9 ~Ls Soorl r.1s tl1e s:~r;:e si,~3.l:!. :;e collecteli 7 .,-.•ti(•1 ir.:!11''1~"1~' viO~ 4"»j ~"t"1 ~c-' ": •:.,;.,....~,.-j I f"-,.,.,~ '•'Y\til Y. ~·11···.C:O;~ .;·. '• o.. .. ,., .... ;.:. .... c....l..i... .... ,..;. • ..:&.;.,._.1. ... ..i..-w.1. ......... .i..0 :i ..... ;l ... ·L ..... r .. g .'""" .... c .... 'L.4.1.. ... e."'1 ... 1 ........ 1•.M .... or .... ·~ <J ,... ... "' ..-..:. c t ·i '""' 11 ~ ,,.,... -".,.., ;.. ~ 0 f' -~ .,.,-! .,. c ~ """' .t."' ,., Y'" ., -... '" V• 8" s t •· 0 h."' i.,,,.,..,.,, 41-':"' ... ~ .f:,1....,. ,.;. I,/ 'o.;.• .!,-1 .. 1.;j ·••~V...,A v ..l .., .::~ ... .J ..... L 'i' ....,;;-'~ o:...... """-• .L..1..I. <Lo ,.,, "" 1,. ;.; _ c:sJ;.e .~~<.?~ sa:!.d 'b~:)~!.,ds, nr1d t.r1er~ v1;:.8r~ t~i0 resr.ec:.iv8 ~:i? .. ':::1.0{!.-:s of t;,.e --::rix4ci-oal cmd 1.riterest of S:'.l:tC. l)o:::cis c~~1s2.l : ~.. .. .... J. .. ~:1"!i ()l'J·~ '.i..;..le .....,"Y'lf:•f.Jc:~·rr;-. ..... o'i" ~f.·,·~1!: ,._.,; .... "\ .. -r..~c .. ~· ..... r~ u'1·'::. ic.• '11:·'ri· .... 1 ..... , .. .J.. ..... 1 .. -.1.. , • .,... ..... t···' '""·-... ._.....,""" "-"'"'"" .to. •·•'.J, ,1 ....... • • .t-.1..1... l ..,j-~ ....... ;.. ...... ...,, .... w .~ ........... '-'""". ,,,., • t-,.,,., ""J" z ,; ri (,\')'"\ i'1 e•o ( ..... '·' ''C.' .:.r' .i.o ~ 0 ~·· ou+·' 0 ,., j, ·~ r' ,.,. l"''"l•"' •;r !"'· ~,. "',, ~ r. ,, o.~ J"'""~... . ·-·· ... 1., .;.L ... ~ ..... 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