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RESOLUTION N0. J � V .
A Resolution of the city, of Newport Beach amending
Section 3 of Resolution No. 319 of said city, and
directing the Presin.ent of the Board of Trustees
to officially sign Resolution No. 319.
The Board.of.Trustees of the city of Newport Beach
do re�dve as follows:
Resolved, that Section 3 of Resolution No. 319 ofthe
city of Newport Beach be amended so as to read as follows:
Section 3.
The form of said bonds and interest coupons to be attach-
ed thereto shall be as follows:
MUNICIPAL IMPROVEMENT DISTRICT NO. 4 OF THE CITY OF NEWPORT BEACH
$1,000.00 No.
MUNICIPAL IMPROVEMENT DISTRICT NO. 4 OF TRH' CITY OF
NEWPORT BEACH hereby acknowledges its indebtedness to the holder
of this bond in the sum of $1,000.00 and agrees to pay said sum
at the office of the Treasurer of the city of Newport Beach in
said city, County of Orange, State of California, on the first day
of March, 18 , together with interest thereon at the rate of
six per cent. per annum from t1B date of this bond until the sum of
$1,000.00 has been well and truly paid, the interest to be paid
semi- annually on the first day of September and the first day of
March ih each year.
This bond is issued in pursuance of an Act of the Legis-
lature cf the State of California, entitled: "An act to provide
for the formation of districts within municipalities for the ac-
quisition or construction of public improvements, works, and public
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utilities; for the issuance, sale, and payment of bonds of such
districts to meet the cost Of suoh improvements, and for the ac-
quisition or construction of such improvement" ( approved April
20, 1915, and acts amendatory thereof.)
Also pursuant to Resolution No. 319 Of said city direct-
ing the issue hereof, and theissuance and sale of this bond hgs been
duly authorized by the vote of two- thirds and m ore of all the voters
voting at an election held within the municipal improvement district
on the 2nd day of February, 1925, , which election was duly called,
and held by Ordinance No. 271 of the city of Newport Beach; duly
passed and published.
This bond is issued for the purpose of the acquisition
of a certain right of way for public street purposes in the Muni-
cipal Improvement District and upon which to construct and maintain
a public street.
It is hereby certified that all conditions, acts, and
things essential to the validity ofthis bond have happened,been done
and taken place and thatall requirements of the law and of the con-
stitution relating to the issue hereof have been fully complied with
by the proper bodies, officers, and persons, and that theissue here-
of is duly authorized, and for a public improvement which the city
ofNewport Beach is authorized by law to acquire.
And that provision has been made for the collection of an
annual tax sufficient to pay the interest on this bond as it falls
due, and a sinking fund has been duly constitited to pay the prin-
cipal at maturity, and that the debt hereby created and this bond
are within every debt and other limit prescribed by law and the
said act, and by the constitution.
IN TESTIMONY WHEREOF, Municipal Improvement District No.
4 of the city of Newport Beach has given this bond to be signed
by the President of the Board of Trustees of said city, also signed
by the Treasurer thereof, and countersigned by the Clerk of the city
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of Newport Beach to be attested by the corporate seal of said
city this let day of March, 1925.
(Seal)
Countersigned:
President g Board of Trustees
City of Newport Beach
Treasurer - city of Newport Beach
Clerk - city ofidewpo t Beacli-
There shall be attached to each bond, consecutively
numbered, interest coupons providing for the payment of semi-
annual interest thereon, which shall be in the following form:
INTEREST COUPON
$30.00
No.
MUNICIPAL IMPROVEMENT DISTRICT NO. 4 OF THE CITY OF
NEWPORT BEACH hereby promises to pay the holder of this coupon
upon surrender and cancellation thereof the sum of thirty dol-
lars, on the first day of , 19__, being semi- annual
i
interest on the sum of one thousand dollars represented by Bond
No. of said district.
WITNESS the signature of the Treasurer of the
city of Newport Beach this 1st day of March, 1925.
— Tiiiasurer - city of Newport Beach.
Each bond shall be signed by the President of the Board
of Trustees of the city of Newport Beach, as the chief executive
thereof, aisosigned by the Treasurer and countersigned by the
Clerk, / and attested by the corporate seal of the city of Newport
Beach.
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The interest coupons shall be signed by the Treasurer
of the city of Newport Beach by his engraved or lithographed sig-
nature.
Section 2.
The President of the Board of Trustees of the city of
Newport Beach is hereby directed—and required to officially sign
as such Resolution No. 319 of the city of Newport Beach.
I hereby certify that the foregoing Resolution was
regularly introduced and passel by the Board of Trustees of the
city of Newport Beach at a regular meeting thereof held on the
16th day of March,1925, by the vote of the following named members
thereof:
Ayes, Trustees
Noes, Trustees ;s rh x, .
Absent, Trustee Conrad Richter.
Attest:
resident - Board of Trustees.