HomeMy WebLinkAbout151 - Sale of Bonds for Newport Bay Truning BasinRESOLUTION NO. 151
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A RESOLUTION OF THE BOARD OF TRUSTEES OF THE CITY OF NEWPORT BRACH AS THE
LEGISLATIVE BRANCH THEREOF, PROVIDING FOR THE SALE OF CERTAIN MUNICIPAL
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BONDS OF MUNICIPAL IMPROVEMENT DISTRICT NO. 1 OF THE CITY OF NEWPORT BEACH
THEREOF AT PRIVATE SALE.
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WHEREAS, at a special election held at and within Municipal improvement
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District No. 1 of the City of Newport Beach on the 7th day of June, 1921,
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there was submitted to the qualified electors of said District the proposition
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of incurring a bonded indebtedness is the sum of $12,500.00 for the construc-
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tion of a truning basin in Newport Bay; and
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WHEREAS, two hirds and more of all the voters voting at said special
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election voted in favor of incurring such indebtedness and issuing the bonds
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of said District in the City of Newport Beach in the sum of $12,500.00 for
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that purpose; and
!�rAZREAS, on the 20th day of June, 1921, the Board of Trustees of the City
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of Newport Beach pas -ed and adopted Resolttion No. 142, providing, among other
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things, for the issueance and sale of said bonds at public sale after ad-
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vertisement for bids therefor, and readvertised again on the 9th of November,
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1921;
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1..1H1;2EAS, due advertisement add notice of the offering of said bonds for
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sale has been given, made and had, and not offer or bid for said bonds, or
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for any part thereof, had been made to or received by the City of Newport
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23 NOW .THEREFORE, it is resolved and determined by the Board of Trustees of
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25 SECTION ONE.
26 Without further advertisement, publication or notioe, the Board of Trustees
27 of the City of Newport Beach determine to sell and will sell at private sale
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to30 District No. 1 of the City of Newport Beach in the sum of $:'12,500.00
30 authorised by the qualified electors of said Distrbt at the special election
31 11 Geld on tae jta day of June, 1921, for the construction of a turning basin
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in Newport Bay, but for not less than the rar value of said bonds, and all
interest which shall have accrued at the delivery thereof.
SECTION TWO.
Any provision of Resolution No. 142 providing for the giving of any
notice or advertisement for bids prior to the sale of said bonds, as in this
Resolution provided for, is hereby repealed and set aside, but in all other
respects, terms and provisions, Resolution No. 142 shall be and remain in
full force and effect.
The foregoing Resolution was passed at an adjourned regular meeting of the
Board of Trustees of the City of Newport Beach held on the 28th day fof
November, 1921, by the vote of the following named members of said Board of
Trustees, to wit:
AYES, TRUSTEES: J.P. Greeley, J.J. Schmitken, Geo. P. ;�,'ilson,
Conrad Richter, O.H. Burke.
NOES, TRUSTEES. NONE
ABSENT TRUSTEES: NONE.
The foregoing Resolution being passed this 28th day of November, 1921, is
signed and approved by me.
J.P. Greeley
President of the Board of Trustees of the City of
Newport Beach.
ATTEST:
Alfred Smith
City Cleric of the City of Neport Beach.
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF NEWPORT BEACH)
Mae L. Holt
I, eWlx cxxpcpMII, City Clerk of the City of Newport
Beach, California, do hereby certify that according to
the records of the City of Newport Beach filed and main-
tained in my office, the foregoing Resolution No. 151
was duly and regularly adopted, passed, and approved by
the City Council of the City of Newport Beach, California,
at a regular meeting of said City Council held at the
regular meeting place thereof, on thet day of
November 9 �9 21 9 by the following vote,
to wit%
AYES, COUNCILMEN. J.P. Greeley, J.J_Schnitken, Geo. P. Wilson,
Conran Richter, O.H. Burke.
NOES, COUNCILMEN: Done
ABSENT COUNCILMEN: None
Dated this 9th day of
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June
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City Clerk and Ex- Officio Clerk
of the City Council, City of
Newport Beach, State of California.