HomeMy WebLinkAbout547 - Issuance of Street Improvement BondsI a
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RESOLUTION NO. 547 .
• A RESOLUTION OF THE CITY COUITCIL OF THE
CITY OF IME PORT BEACH, CALIFORNIA, BE-
• LATING TO THE ISSUANCE OF STREET I1dPROVE-
kENT BONDS PURSUANT TO RESOLUTION OF IN-
ME TION ITUIV:13ER 477, DETERMINING THE
AiaOUY'T OF UNPAID ASSESSMENTS, PRESCRIBING
THE DENO1yJhATIONS OF SUCH BONDS AND PRO -
VIDIiTG FOR TH 1R ISSUANCE.
WHEREAS, the City Council of the City of Newport Beach
did, on the 5th day of November, 1928, pass and adopt its
Resolution of Intention ITo. 477 relating to certain work proposed
to be done and improvement to be made in said City, as therein
described, under the pursuant to the provisions of the "Improve-
ment Act of 1911',' and amendments thereto, and did therein provide
that serial bonds would be issued thereunder in the manner pro-
vided by the "Improvement Bond Act of 1915 ", reference to said
Resolution of Intention being hereby expressly made for further
particulars; and
WHEREAS, the contract for said work and improvement was
duly awarded and thereafter duly completed to the satisfaction of
the City Engineer of said City and this City Council whereupon as
assessment, warrant and diagram were made, recorded and delivered
to the Contractor in time, form and manner as required by said act,
and the Contractor having made due return thereon and the same
having been duly filed; and
WHEREAS, on November 16th, 1929, the Street Super-
intendent o -? said City made and filed with the clerk of this City
a com_olete list of all assessments unpaid thereunder upon the
respective assessment or diagram numbers thereon, whereupon said
clerk gave notice of the filing of said list, and fixed in said
notice, Monday the 2nd day of December, 1929, at the hour of 7:30
o'clock P. M., as the time when interested persons might appear
before the City Council at the regular meeting place of said City
Council in the City Hall and show cause why bonds should not be
issued upon the security of the unpaid assessments shown on said
-1-
list, all of which appears from affidavits on file in the office
of said clerk;
WHEREAS, there having heen no protests or objections
• against the issuance of bonds as aforesaid presented before ar at
• the time of said hearing; and
w •TT.ti1.t•1..��Trl.fil� \A
WHEREAS, since the filing by, said Superintendent of
Streets of said list of assessments unpaid, the following assess-
ments have been paid, to -wit:
ASSMT `
AMT.
ASStaT
AwT.
1P
94.90
366
49.96
2
185.51
367
25.35
3
44,23
386
49.69
4
50.58
397
49.69
5
25.29
450
49.69
14
49.69
452
49.69
15
53.66
464
66.25
34
49.69
473
49.69
48
51.95
493
49.69
61
49.69
508
49.69
65
49.69
529
49.69
84
49.69
540
49.69
90
49.69
549
49-69
106
49.69
552
49.69
111
49.69
553
49.69
119
57.03
558
49.69
143
49.69
560
49.69
152
49.69
571
24.85
174
49.69
572
49.69
179
49.69
589
49.69
193
71.51
594
49.69
194
49.69
600
49.69
197
49.69
601
49.69
202
49.69
614
49.69
203
49.69
616
49.69
210
49.69
648
49.69
212
49.69
649
49.69
220
49.69
662
49.69
228
50.47
663
49.69
243
49.69
665
49.69
259
53.21
668
49.69
260
53.21
695
49-69
269
49.69
696
49.69
282
49.69
706
49.69
• 287
49.69
719
49.69
292
49.69
740
84.76
314
49.69
744
50.49
347
49.69
775
50.49
349
49.69
788
49.69
361
49.69
789
49.69
362
49.69
790
49.69
365
35.89
-2-
ASSviT ir'
ALT.
ASSiyiT n .
ALIT.
797
�49 . 69
1422
49.69
805
50.49
1423
49.69
820
49.69
1424
49.69
. 831
49.69
1425
49.69
841
62.47
1426
49.69
842
•
49.69
1427
49.69
867
17.54
1473
36.24
885
49.69
892
49.697,
653.38
914
66.25
946
49.69
928
49.69
948
49.69
949
49.69
954
49.69
$7,703.07
989
49.69
991
49.69
1024
49.69
1050
49.69
1051
49.69
1052
49-69
1070
49.69
1087
49.69
1120
49.69
1131
49.69
1137
49.69
1150
43.84
1171
49.69
1179
49.69
1206
49.69
1207
49.69
1222
49.69
1243
49-69
1265
49.69
1266
49.69
1277
49.69
1305
49 .69
1306
49.69
1347
68.59
1348
42.32
1349
48.71
'
1357
24.85
1358
49.69
1370
49.69
1404
49.69
1405
49.69
1406
49.69
1407
49.69
1408
49.69
1409
49.69
1410
49-69
1411
49.69
1412
49.69
1413
49.69
1414
49.69
1415
49.69
. 1416
49.69
. 1417
49-69
1418
49.69
1419
49.69
1420
49.69
1421
49.69
aggregating the total sum of k6___ZN Q_7 leaving a balance due on
account of said unpaid assessments of 4.43,3,35.73 ; and said list,
of assessments unpaid, filed by said Street Superintendent as afore-
said, appearing in all respects complete and correct after, excepting
and deducting therefrom the assessments paid since the filing thereof,
as hereinabove seu forth,
-3-
i�OFI, THEREFORZ, it is hereby resolved and found and
determined, by said City Council, that said list of assessments
unpaid filed by said Street Superintendent as aforesaid was at the
time of said filing thereof in all respects complete and correct,
• and that since the filing thereof, assessments have been paid
aggregating the sum of 03_ 7,703.07_, as hereinabove set forth, and
also that the unpaid assessments in the proceedings duly hail and taken
under and pursuant to said Resolution of Intention No. 477, and the
aggregate
amount of the
same are
as follows,
to -wit:
ASSMT • r •
AIAT .
ASSi�iT .
AluT .
AS Sii'T •
it AMT .
10
50.58
97
51.95
165
49.69
11
50.58
98
51.95
166
49.69
16
40.78
99
56.06
167
49.69
17
49.69
101
49.69
168
49.69
18
49.69
102
49.69
170
49:69
19
49.69
103
49.69
171
49.69
20
49.69
104•
49.69
172
49.69
21
49.69
105
49.69
173
49.69
22
72.29
107
49.69
177
49.69
23
48.71
109
49.69
181
49..69
24
44.23
112
49.69.
182
49.69
25
50.58
113
49.69
185
59.06
30
50.58
114
49.69
186
17.11
31
50.58
115
49.69
187
36.11
116
49.69
188
53.21
35
64.18
118
49.69
189
53.21
36
45.28
120
53,21
190
53.21
37
49.69
121
53.21
191
53.21
38
49.69
122
53.21
195
49.69
39
49.69
123
53.21
196
49.69
42
72.29
124
53.21
198
49.69
43
48.71
125
53.21
200
49.69
49
51.95
126
31.27
201
49.69
51
42.61
127
49.69
204
49.69
52
49.69
128
49.69
206
49.69
53
49.69
129
49.69
207
49.69
54
49.69
130
49.69
208
49.69
.56
49.69
131
49.69
209
49.69
57
49.69
132
49.69
215
49.69
59
49.69
133
49. 69
216
49.69
IM
134
4969
22.1
49.69
62
49.69
135
49..69
223
49.69
63
49.69
136
49.69
226
50.47
SES-
137
49.69
227
50.47
69
59.41
138
49.69
230
50.47
71
59.41
141
49.69
232
53.51
73
59.41
144
49.69
237
49.69
74
39.34
146
49.69
242
49.69
• 78
49.69
151
49.69
244
49.69
• 85
49.69
153
70.36
245
49.69
87
49.69
158
50.47
246
49.69
88
49.69
162
24.85
247
49.69
89
49.69
163
49.69
248
49.69
9,2
84.70
164
49.69
249
49.69
J
ASSMT it
kaT.
ASSU ii=
AMT.
ASSMT n
AMT.
251
49.69
383
49.69
495
49.69
252
49.69
384
49.69
500
49.69
254
49.69
390
49.69
503
49.69
255
49.69
391
49.69
504
49.69
256
49.69
392
49.69
505
49.69
261
53.21
394
49.69
507
49.69
•262
263
48.48
48.71
396
398
49.69
49.69
510
512
49.69
49.69
264
49.69
401
49.69
515
49.69
•266
49.69
402
49.69
516
66.25
267
49.69
405
24.85
617
49.69
270
49.69
406
22.41
518
49.69
271
49.69
408
49.69
521
49.69
272
49.69
409
49.69
522
49.69
275
49.69
410
49.69
524
49.69
276
49.69
411
47.21
525
49.69
277
49.69
413
32.95
528
49.69
280
49.69
415
49.69
530
49.69
283
49.69
416
- 49.69
532
49.69
284
49.69
417
49.69
535
66.25
286
49.69
421
49.69
538
49.69
289
49.69
422
30.94
539
49.69
291
49.69
423
49.80
541
49.69
293
49.69
424
63.62
543
49.69
294
49.69
427
49.69
545
49.69
295
49.69
428
49.69
546
49.69
300
49.69
429
49.69
547
49.69
301
51.44
430
49.69
550
49.69
304
50.47
434
49.69
551
49.69
306
50.47
435
49.69
555
49.69
310
49.69.
436
49.69
556
49.69
311
49.69.
437
49.69
557
49.69
312
49.69
439
49.69
562
23.38
313
49.69
443
49.69
563
26.30
315
49.69
444
49.69
564
23.38
.310
49.69
447
49.69
565
26.30
320
49.69'
451
49.69
566
49.69
321.
49.69
453
49.69
567
49.69
324
49.69'
467
66.25
568
49.69
325
49.69
458
49.69
569
49.69
326
49.69
459
49.69
570
24.84
327
49.69.
460
49.69
573
49.69
.328
49.69
461
49.69
574
49.69
329
49.69
462
49.69
575
49.69
333
49.69
46.3
49.69
576
49.69
.344
49.69
466
49.69
577
49.69
345
49.69
467
49.69
578
49.69
346
49.69
468
49.69
579
49.69
348
49.69
469
49.69
580
49.69
350
49.69
474
49.69
581
49.69
351
49.69
475
49.69
582
49.69
352
49.69
476
49.69
586
49.69
353
49.69
477
49.69
587
49.69
354
49.69
478
49.69
588
49.69
355
49.69
479
49.69
590
49.69
356
49.69
480
49.69
591
49.69
357
49.69
481
49.69
59,3
49.69
.358
49.69
483
66.25
595
49.69
.374
.375
12.3.3
37.70
485
486
49.69
49.69
597
602
49.69
49.69
••
376
49.69
487
49.69
603
49.69
377
49.69
492
49.69
608
49.69
378
24.84
494
49.69
609
49.69
J
ASSIAT
AMT.
ASSYIT: tir
AMT.
ASSMT.
ALT.
610
49.69
7071
49.69
793
49.69
611
49.69
703
49.69
798
49.69
613
49.69
704
49.69
800
67.50
615
49.69
705
49.69
802
50.49
618
49.69
707
49.69
803
50.49
619
49.69
708
49.69
807
29.70
• 620
49.69
709
49.69
808
49.69
621
49.69
711
49.69
809
49.69
• 622
49.69
712
49.69
810
49.69
623
49.69
714
49.69
812
49.69
624
49.69
715
49.69
815
49.69
627
49.69
716
49.69
816
49.69
628
49.69
717
49.69
817
49.69
629
49.69
718
49.69
818
49.69
630
49.69
720
49.69
819
49.69
631
49.69
721
49.69
822
49.69
632
49.69
722
49,69
823
49.69
633
49.69
723
49.69
824
49.69
634
49.69
724
49.69
825
49.69
635
49.69
728
49.69
826
49.69
636
49.69
729
49.69
827
49.69
63°
49.69
730
49.69
828
49.69
641
49.69
731
49.69
829
49.69
643
49.69
735
49.69
830
49.69
644
49.69
736
49.69
832
49.69
646
49.69
737
49 .6 9
833
49.69
651
49.69
738
49.69
834
83.69
652
49.69
739
49.69
835
50.49
653
49.69
742
50.49
836
50.49
654
49.69
743
50.49
837
50.49
655
49.69
746
49.69
838
50.49
656
49.69
751
49.69
840
50.49
657
49.69
752
49.69
844
49.69
660
49.69
753
49.69
845
49 r9
664
49.69
754
49.69
846
.
49.69
667
49.69
756
49.69
847
49.69
669
49.69
758
49.69
848
49.69.
670
49.69
759
49.69
850
49.69
671
49.69
761
49.69
851
49.69
672
49.69
762
49.69
853
49.69
673
49.69
763
49.69
857
49.69
674
49.69
764
49.69
858
49:69
675
49.69
.765
49.69
859
49 69
676
49.69
766
49.69
860
.
49.69
677
49.69
767
49.69
861
49.69
679
49.69
768
49.69
862
49.69
680
66.25
769
51.32
863
49.69
681
49.69
770
50.49
864
49.69
682
49.69
771
50.49
865
49.69
683
49.69
773
50.49
866
49.69
684
49.69
774
50.49
868
32.15
685
49.69
776
79.52'
869
49.69
686
49.69
777
49.69
872
49.69
687
49.69
778
49.69
873
49.69
688
49.69
779
49.69
874
49.69
689
49.69
781
49.69
875
49.69
690
49.69
782
49.69
876
49.69
691
692
49.69
49.69
783
49.69
877
49.69
• 693
49.69
784
785
49.69
49.69
878
879
66.25
694
49.69
786
49.69
880
66.25
49.69
697
49.69
791
49.69
881
49.69
700
49.69
792
49.69
882
49.69
I
7
ASSMT . ;r
AMT .
AS SNIT .
AMT.
AS SMT .
AMT.
883
49.69
970
49.69
1063
49.69
884
49.69
971
49.69
1064
49.69
887
49.69
973
49.69
1065
49 .69
888
49.69
974
49.69
1066
49.69
889
49.69
975
49.69
1067
49.69
•
890
49.69
976
49:69
1068
49.69
891
49.69
978
49 . 69
1069
49.69
•
893
895
49.69
49.69
979
49.69
1071
49.69
981
49.69
1072
66.25
896
49.69
983
49.69
1073
49.69
897
49.69
984
49.69
1074
49.69
899
49.69
987
49.69
1076
49.69
902
49.69
993
49.69
1077
49.69
904
49.69
994
49.69
1078
49.69
905
49.69
995
49.69
1082
49.69
906
66.25
996
49.69
1086
49.69
907
66.25
997
49.69
1088
49.69
908
49.69
998
49.69
1089
49.69
912
49.69
999
49.69
1090
49.69
916
49.69
1000
49.69
1091
49.69
917
49.69
10' '1
49.69
1092
49.69
918
49.69
1002
49.69
1093
49.69
919
49.69
1003
49.69
1094
49.69
920
49.69
1004
49.69
1098
66.25
921
49.69
1005
49.69
1099
43.84
922
49.69
1007
49.69
1100
43.84
923
49.69
1008
49.69
1101
4,3. 84 � µ3 SRi
984
49.69
1009
49.69
c 2"--1 03'
43.84 ox
925
49.69
1010
49.69
1106
43.84
926
49.69
1012
49.69
1107
43.84
927
49.69
1013
49.69
1109
43.84
929
49.69
1014
49.69
1111
43.84
930
49.69
1015
49.69
1112
43.84
931
49.69
1017,
49.69
1115
49.69
932
49.69
1018
49.69
1116
49.69
933
49.69
1019
49.69
1117
49.69
934
49.69
1020
49.69
1118
49.69
935
49.69
1025
49.69
1119
49.69
936
49.69
1026
49.69
1126
49.69
937
49.69
1027
66.25
1127
49.69
938
49.69
1028
49.69
1128
49.69
939
49.69
1030
49.69
1130
49.69
940
49.69
1031
49.69
1132
49.69
941
49.69
1032
49.69
1133
49.69
943
66.25
1033
49.69
1135
49.69
945
49.69
1035
49.69
1136
49.69
947
49.69
1036
49.69
1139
49.69
950
66.25
1037
49.69
1140
49.69
951
66.25
1038
49.69
1141
43.84
952
49.69
1059
49.69
1143
43.84
953
49.69
1042
49.69
1144
43.84
967
49.69
1043
49.69
1145
43.84
958
49.69
1045
49.69
1148
43.84
959
49.69
1046
66.:25
1149
43.84
960
49.69
1047
49.69
1152
43.84
961
49.69
1053
66.25
1153
43.84
962
49.69
1054
49.69
1155
49.69
•
964
49.69
1055
49.69
1156
49.69
•
965
.49.69
1057
49.69
1157
49.69
966
49.69
1059
49.69
1159
49.69
969
49.69
1061
49.69
1160
49.69
1062
49.69
1162
49.69
7
ml
AS SYT
AMT.
AS SMT .
AIViT .
AS SNIT .
,r AM .
1163
49.69
1267
49.69
1385
17.54
1164
49.69
1269
49.69
1387
17.54
1165
49.69
1270
49 .69
1388
17.54
1166
49.69
1272
49.69
1389
14.61
1168
66.25
1274
49.69
1390
49.69
1169
66.25
1275
49.69
1392
49.69
1170
49.69
1276
49.69
1394
49.69
x3 tft
1282
49.69
1395
49.69
Ak
1172
49.69
1283
66.25
1396
49.69
1173
49.69
1288
49.69
1397
49.69
1174
49.69
1289
49.69
1398
49.69
1176
66.25
1290
66.25
1399
49.69
1177
66.25
1291
49.69
1400
49.69
1178
49.69
1294
49.69
1401
49.69
1180
49.69
1295
49.69
1402
49.69
1181
49.69
1296
49.69
1403
49.69
1184
49.69
1299
49.69
1428
32.15
1185
49.69
1300
49.69
1429
17.54
1187
49.69
1307
49.69
1430
17.54
1188
49.69
1308
49.69
1431
32.15
1189
49.69
1310
49.69
1432
35.07
1190
49.69
1311
49.69
1433
35.07
1191
49.69
1312
49.69
1434
52.61
1192
49.69
1313
49.69
1435
62.61
1193
49.69
1323
49.69
1437
42.38
1194
49.69
1324
49.69
1440
42.38
1195
49.69
1325
49.69
1441
42.38
1196
49.69
1326
49.69
1442
42.38
1197
49.69
1328
34.00
1443
42.38
1198
49.69
1329
22.15
1444
40.84
1199
49.69
1330
27.69
1445
60.29
1200
49.69
1334
14..61
1446
43.84
1201
49.69
1336
17.54
1447
43.84
1202
49.69
1337
14.61
1448
43.84
1203
49.69
1339
17.54
1449
43.84
1204
66.25
1340
49.69
1450
43.84
1205
66.25
1341
49.69
1451
43.84
1209
49.69
1342
49.69
1452
43.84
1210
24.84
1343
49.69
1453
43.84
1211
24.85
1344
46.90
1454
71.55
1212
49.69
1345
37.10
1455
43.84
1215
66.25
1346
50.72
1456
43.84
1219
49.69
1352
49.69
1457
43.84
1220
49.69
1353
49.69
1458
43.84
1221
49.69
1355
49.69
1459
43.84
1224
49.69
1356
24.84
1460
43.84
1225
49.69
1360
49.69
1461
43.84
1226
49.69
1361
49.69
1462
43.84
1229
49.69
1362
49.69
1463
43.84
1230
49.69
1363
49.69
1464
43.84
1231
49.69
1364
49.69
1465
45.69
1232
49.69
1366
49.69
1466
34.37
1234
49.69
1369
49.69
1467
36.24
1239
49.69
1371
49.69
1468
36.24
1241
49.69
1372
49.69
1469
32.73
1242
49.69
1374
49.69
1470
31.57
1245
49.69
1375
49.69
1472
36.24
1246
49.69
1376
49.69
1474
37.41
1247
49.69
1377
49.69
147,5
36.24
•
1248
49.69
1378
17.54
1477
32.73
1249
49.69
1379
17.54
1478
36.24
1250
49.69
1382
17.54
1479
23.36
1252
49.69
1383
17.54
1480
294.10
1255
66.25
1384
17.54
- .
=92
$43,335.73
ml
n
LJ
and the said City Council does hereby further find and determine
that the total or aggregate amount of said assessments unpaid is the
sum of $ 43,335.73;
NOW THEREFORE, in consideration of the premises, the
City Council of the City of Newport Beach does hereby further re-
solve as follows, to- r-ait:
Section 1. That bonds shall be issued upon the security
of said unpaid assessments in the said amount of °43,335.73 in
accordance with the provisions of said "Improvement Act of 1911" as
amended and said "Improvement Bond Act of 1915" as amended and under
and pursuant to the provisions of said Resolution of Intention No.
477 and the proceedings thereunder duly had and taken; said bonds
shall be called "Improvement Bonds ", shall be 45 in number, shall
be dated November 16th, 1929, and bear interest at the rate of seven
(7) per cent per annum from November 16th, 1929; and the denominations
of said bonds and the interest coupons required to be attached there-
to, with their respective numbers and dates of maturity, are as follows:
Series
Bodd Number
Denomination
Date of Maturit
I
1
$1,000.00
July
2nd,
1931
I
2
1,000.00
July
2nd,
1931.
I
3
889.05.
July
2nd,
1931.
I
4
1,000.00
July
2nd,
1932.
I
6
1,000.00
July
2nd,
1932.
I
6
889.05
July
2nd,
1932.
I
7
1,000.00
July
2nd,
19 33.
I
8
1,000.00
July
2nd,
1933.
I
9
889.05
July
2nd,
1933.
1
10
1,000.00
July
2nd,
1934.
1
11
1,000.00
July
2nd,
1934.
1
12
889.05
July
2nd,
1934.
1
13
1,000.00
July
2nd,
1935.
1
14
1,000.00
July
2nd,
1935.
1
15
889.05
July
2nd,
1935.
I
16
1,000.00
July
2nd,
1936.
I
17
1,000.00
July
2nd,
1936.
I
18
889.05
July
2nd,
1936.
I
19
1,000.00
July
2nd,
1937.
I
20
1,000.00
July
2nd,
1937.
I
21
889.05
July
2nd,
1937.
19
22
1,000.00
July
2nd,
1938.
1
23
1,000.00
July
2nd,
1938.
1
24
889.05
July
2nd,
1938.
I
25
1,000.00
July
2nd,
1939.
1
26
1,000.00
July
2nd,
1939.
I
27
889.05
July
2nd,
1939.
1
28
1,000.00
July
2nd,
1940.
1
29
1,000.00
July
2nd,
1940.
I
30
889.05
July
2nd,
1940.
I
31
1,000.00
July
2nd,
1941.
I
32
1,000.00
July
2nd,
1941.
I
33
889.05
July
2nd,
1941.
I
3/,
1,000.00
July
2nd,
1942.
I
35
1,000.00
July
2nd,
1942.
I
Series
Bond Number
Denomination
Date of Maturity.
I
36
889.05
July
2nd,
1942.
I
37
1,000.00
July
2nd,
1943.
I
38
1,000.00
July
2nd,
1943.
I
I
39
40
889.05
1,000.00
July
July
2nd,
2nd,
1943.
1944.
I
41
1,000.00
July
2nd,
1944.
. I
42
889.04
July
2nd,
1944.
I
43
1,000.00
July
8nd,
1945.
I
44
1,000.00
July
2nd,
1945.
I
45
889.04
July
2nd,
1945.
The first coupon of interest shall.be for interest frmm
the day of , 1929, to the 2nd day of January, 1931, and
the several coupons of interest thereafter shall be for the semi-
annual interest.
Section 2. Said bonds shall be issued in series, and
the unpaid assessments as shown on said list filed by the Super-
intendent of Streets and determined by the said City Council to-
gether with interest thereon, shall remain and constitute a trust fund
for the redemption and payment of said bonds and of the interest
which may be due thereon, which unpaid assessments shall be payable
in annual series corresponding in number to the number of series of
bonds issued, and an even annual proportion of each assessment shall
be payable in each year preceding the date of the maturity for
each of the several series of bonds issued, and such proportion of
each assessment coming due in any year, together with the annual
interest thereon, shall in turn be payable in installments as the
general municipal taxes of said City on real property are payable,
and shall become delinquent at the same times and in the same pro-
portionate amounts and bear the same proportionate penalties for
delinquency.
Said bonds shall be signed by the Treasurer of said City
and countersigned by the clerk who shall affix thereto the official
• seal of said City; the interest coupons affixed thereto shall be
• signed by the Treasurer or bear his engraved, printed or lithographed
signature; and such signing and sealing of said bonds by said officers
and signing of said coupons by said Treasurer shall constitute and be
a sufficient and binding execution of each and every one of said
/Q
bonds and all of the coupons thereof respectively. Said bonds shall
be substantially in the form set forth in said '!Improvement Bond
• Act of 191511, as amended; said Treasurer and said clerk are hereby
• authorized and directed to so sign and.countersign respectively.
Section 3. Said bonds shall be forthwith delivered to the
Pacific Company, formerly The Elliot —Horne Company, assignee of
John Simpson E: Company, the contractor in satisfaction of the balance
due them upon his assessment and warrant.
I hereby certify that the foregoing resolution was duly and
regularly introduced and adopted by the City Council of the City of
Newport Beach at a regular meeting thereof held December 2nd, 1929,
by the following vote to —wit:
AYES; COUNCILM10id
NOES; COUNCILMEN a <� V
ABSE IT ; COUNCILMh -N ez11,O- e
Ci y C erk of the City of Newport
Beach.