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HomeMy WebLinkAbout551 - Harbor Improvement BondZ of i RESOLUTION NO. • A RESOLUTION OF THE CITY COUNCIL AND BOARD OF TRUSTEES OF THE CITY OF NEWPORT BEACH, CALIFORNIA, FIXING AND ESTABLISH - ING THE RATE OF INTEREST ON THE CITY OF NEWPORT BEACH HARBOR IM- PROVEfiENT BONDS, 1929, ISSUED IN ACCORDANCE WITH ORDINANCE NO.jj OF SAID CITY, ADOPTED THE DAY OF 1929, The city council and board of trustees of the City.of Newport Beach does resolve, find, declare and determine as followss Section 1, . That City of Newport Beach Harbor Improvement Bonds, 1929, two hundred (200) in number, dated December 1, 1929, and maturing ten (10) each year beginning December 1, 1930, to and including December 1, 1949, issued as provided in ordinance No. 3_G f of the City of Newport Beach, entitled "An Ordinance of the City of Newport Beach, California, Providing for the Issuance of Bonds of said City in the Amount of Two hundred thou- sand dollars ($200,000) for the Acquisition, Construction and Completion of a Certain Municipal Improvement of the Municipal Harbor by Deepening and Dredging the Channel at the Entrance Thereof and by the Acquisition and Con- struction of Various Groins for the Purpose of Controlling the Tide and Protecting Jettys and Shore Lands and In- - • eluding for said purpose the Acquisition of Lands and Rights of Way in Accordance with and as Authorized by the Special Election Held in said City on the 22nd day of October ,1929 ", adopted the Lf _ day of , 1929, and sold as provided in reso- lution No. �` of said City, entitled "A Resolution of the City Council and Board of Trustees of the City of Newport Beach, California, Declaring Its Intention to Sell Two' hundred tt pifband. dollars ("200,000) of bonds .designated as lNewport Beach Harbor Improvement Bonds, 1929+ ", adopted the •.2' day of ,1929, shall bear interest at the rate of five and one- qugrter per cent (51%) per dnAum, and in all places on the face or on the coupons of said bonds where the interest rate is designated the rate of Si% shall be inserted, Section 2, The City Clerk shall certify to the passage and adoption of this resolution and shall cause the same to be entered in the Book of Resolutions of said city and shall make a minute of the passage and adoption thereof in the minutes of the meeting of the said city council and board of trustees of said city at which the same is passed and adopted. //. PASSED, APPROVED AND ADOPTED, the day of r�l!� ✓Go� 11929. ATTEST: Q qty lC errk A Mayor of,and President of the board of trustees of, the City of Newport Beach, California. -2- • STATE OF CALIFORNIA, } SS. COUNTY OF ORANGE. } • n I, �l�J City Clerk of the City of Newport Beach, California, do hereby certify that the whole number of the members of the City Council and Board of Trustees of the City of New- port Beach, California, is five (5 ); and that the fore- going resolution, being resolution No. was duly passed, approved and adopted by the said City Council, signed by the Mayor and attested by the City Clerk, all at a regular meeting of said Council held on the a day of �%,..�� , 1929; and that the same was passed and adopted by the following vote, to wit: NOES: Councilmen r t� ABSENT: Councilmen,. -g f5 �- 1i -3- u lty Zlerk of the City of Newport Beach, California. • _• ,. 6: %, STATEMENT OF THE CITY OF NEWPORT BEACH SHOYSING ASSESSED VALUATION OF NON - OPERATIVE PROPERTY IN THE CITY ACCORD- ING TO THE LAST EQUALIZED ASSESS14M ROLL AS C014PILED BY THE COUNTY OF ORANGE, AND ON THE TOTAL BONDED INDEBTEDT'ESS OF THE CITY AS OF THE 19TH DAY OF NOVEMBER, 1929. Assessed Valuation...,.,.*.* ... ......... 14,671,188.00 Total Bonded Indebtedness ............... $ 1,298,937.00 Water Debt .. All. general*city.bonds.. NET DEBT .... ..............................$ 1,298,937.00 This includes $200,000.00 City of Newport Beach Harbor Improvement Bonds, 1929, sold but opinion pending. I , City Clerk of the City of Newpo�,t Beach, California, do hereby certify that the foregoing statement is a true and correct statement of the assessed valuation and bonded indebtedness of the City of Newport Beach as of the date first above written. City er of the City of !_ Newport Beach.