HomeMy WebLinkAboutResolution No. 1817 2744
RESOLUTION NO. '
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF DOWNEY AUTHORIZING THE CITY TO ACQUIRE
CERTAIN ASSESSMENT DISTRICT BONDS.
WHEREAS, pursuant to the proceedings for Assessment District
No. 10, assessments numbered respectively 40, 124, 126, 200 and 201
were levied against property purported to be owned by the County of
Los Angeles; and
WHEREAS, pursuant to the provisions of law the amount of
such assessment was paid into the Special Assessment District Fund
by the City of Downey; and
WHEREAS, no portion of said assessment so paid has been
returned to the City; and
WHEREAS, subsequently obtained title information deter-
_ mined that said properties so described in said assessments did not
belong to the County of Los Angeles; and
WHEREAS, it is desired that bonds be issued representing
said assessments and that the City acquire said bonds.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY
DOES RESOLVE AS FOLLOWS:
SECTION 1. That bonds Nos. 380, 381, 382, 383 and 384
of Series No, 11 for Assessment District No. 10 be issued represent-
ing respectively assessments numbered 40, 124, 126, 201 and 200 and
that the interest rate thereon be 6 %.
SECTION 2. Said bonds shall be held by the City to rep-
resent the assessments heretofore advanced and collection of the
,._ face amount of coupons on said bonds shall be made by the City
Treasurer.
2 745
SECTION 3. The City Clerk shall certify to the adoption
of this Resolution.
APPROVED AND ADOPTED this day of
1966.
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��-- { : Mayor Y
ATTEST:
City Cl
I HEREBY CERTIFY that the foregoing resolution was adopted
at a meeting of the City Council of the City of
Downey held on the :' day of ; , 1966, by the
affirmative vote of at least councilmen, to wit:
AYES:
Councilmen
NOES: Councilmen
ABSENT: Councilmen
dity Clerk
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