HomeMy WebLinkAboutOrdinances_548ORDINANCE No, -31416-
AN ORDINANCE OF THE CITY OF REDLANDS
Providing For the Incurring of a _
Bonded Indebtedness of Said City in ;
the Sum of Six Hundred Thousand
Dollars ($600,000), For the Acquisition S
and Construction by Said City of a
Compfete Municipal Water Works for.
Said City and Its Inhabitants, for the
Purpose of Supplying the Same with
Pure, Fresh Water for Domestic Pur
poses Street Sprinkling and Fire Pro-
tection Purposes and Providing for the
Issuance of Bonds Evidencing Such In
debtedness.
Che Board of l'rustees of the Clty- of
1edlands do ordain a:-' follows
Section l A special election having j
been duly .and reguiurly held ill said city)
of ld'polands in the County of Sstn Ber-
nardino, State of California, on the 28th'
[lay of Afa.y 19irc atter due notice t.hereo€
given rand in pursuance of .Ln ordinance
duly calling said electron to-wdl
Ordinance \0 5371 duly passed by;
sail P.nar l ni Trustee.,; on the 2nd day I
of i41ay I TH by the unanimous vote of
all m(,'Diw , of •ea id Board, at which
election Lhere, was (1111), submitted to the
ftixtlifdefl , elector:; of said city as pro-
X'Id0l in said ordirranp•e the proposition
of incurring ht said City a bonded in-
dvbtednes.s of Six hundred Thousand
Dollat:a ($B011, ti01)), principal sum with 111
terest thereon at the rate of v per cent
per Annum. Interest payahlp semi-an-
nually for the acquisition .and construc-
ticm of the following deRcriherl municipal
ret•enue producing public works and
property to -wit
The aequiAtlon and Construction of a
cnrlrplpto munielpal water works for said
riLy oral rhe inhabitanis thereof fn • the
pnrpo,e of supplyinlf to said city and its
inhabitn.nts pone fresh water fur do
inestif, purposes slrpet spl'inding incl fire
protection purposes including the Rc
quisition of watpi 1•ights water bearing!
lands. reservoir sites rights of way and
the acquisition :tad construction of water
mains Ilipe lines hN,drants reservoirs,
pumping plants appliance:; equipment
mid innehinery rleees.,ary for Such pin,
lapses and all nthel property and offer•0'
nese=5ory in col structing establishing
and equipping such Water works
:lnd said Board of Trustees having
duly ennvo."ed the vote Cast at such
election from which it appeared (and
splid Rnnrd of Trncteec having so de-
tormined) that more than two-thirds of
all the venters voting at sucll election
voted in favor of invurring sueh-indebted-
ne�s, and it appearing to Bald Board of
Trustee, and tieing herehy sb determtned
;and dcilnl-nd, that such indebtedness of
Six fl-unlred Thousand Dollars ($000.000)
if incurred together with'all other In-
debtednpsS of said e'ity will not in the
e[ re�ate, exceed the limit of the In
debtedneSS, as fixed by the laws of said
,1nip which said city mnr-ineur
1\mc therefore, in pursarance of said
Plert'ton and of the Statute in such CASes
mado and provided, it is by the. 11rinrd
[1f Trutitpos of the said city of Redlands
hprchv ordained and ordered as follows
gpplion 2 That the bnnds of Said city
of l::•clland. shall he issued in the sum
of Six d-lunlred Thousand f7ollars ($F00,
otruti. for the acquisition and construction
of a nnmplete municipal water works for
Said city, and the d iMbita.nts thereof, for
the ptrrposo of Sllpplyirag to Said city and
it:, inhabitants, ure fresh water for do
medic purposeq Street sprinkling and
fire prntrctima purposes, including the ac
c;ui,,ition of water rights watet bearing:
I:mfls reservoir sites rights of way, and
the aequisition and construction of anter
! main., pine lines, hydrants. reservoirs
i primping giants. apnllances equipmpnl
-:ori naseltinery necessary for such pur-
iin,p:r and all other property [taut pf4i•r1.,
nprpss:-ary in cnnStructin; establishing
- and 0ouippin.g such water wm•kc
_ 111 for the object and purpose of fur-
nishing nod supplying to snid pity and
its inhabitants pore fresh waiter fol- dd
rnr Stir. liurposes, ,,trept vprinkling and
fire protection purposes ns spenified and
j Ip�'inpfl in S:tifl ordinance calling sadd
r•If•clion ,nr•h bonds to he designated as
'Municipal Wo Ler Souls'
j
Seel lon 2 Staid bonds Shall congIst of
Six 11nudi'1 (11041 bonds,, eaeli of the rip
nnlninntion principal sum of One Thou-
sand D,dI t -s M 000) to by numbered
consecutively in the order of mntuvity
frmn ane to Six Flun rod. both iliMuMvp
Sepfinn .1 5nifd bond., shall hear date
Ihr• 151.1 day n�t11ir1913 and.shall
SO i,u
spfl at n p. ruoth part of
t'w whole amount of sail principal of
Srtirl hnnfls shalt he paid tun (10) ypna�,
from flrto thereof and a like payment
each and every year thereafter until the
principal of said bonds is fully paid That
is to .say the first twenty (20) of said
bonds being bond~ numbered one to
twenty; barb inchlslvP :hall be made
payable on the 151h day of
19'3 Phe next twenty of d bonfig
being bonds numbered twenty-one to
fort'
• both ioclusi%,e shall be made pay-
ahie on the 15th day o 111. N#
and so on, twenty of c bnrtris 1 their
regulal numerical order as numbered
being payahle on the 15th day of
of each succeeding yeal cre
aft r- yo that the last twenty bonds,
as so numbered being bonds numhered
fire hundred- eighty one to six hundred,
baths inclusive, shall be made payable on
the 151hday of 1,20
Section 5, Isoi'said ads shat! bear
interest from their date until paid at
the rate of 5 per cent per anrum pay-
a.hl crmi-: rtmlalIV, nn the 11;th day of
and of each year be-
gi Jne lrit}3 913, and each bond
Shall ha e t:pon51 attached thereto, num
bered consecutively, for the several in
sta7lmeuts of interest to become payable.
Of' such bonds up to the time of maturity
thereof a separate coupolt beingattached ;
to each bond for each semi-annual pay
�1merit .of interest. to become due thereon
Section b That the principal and in-
terest of said bonds shall be payable in
gold coin of the Lnited Statex rn said
City of Redlands at the office of tile.
City Treasure) of spill city. by such
Treasurer upon the surrender to slim of
file bonds and coupons respectively to
be pa id
Section 7 Said honds shall be signed
by the, execiltive of said city to .wit The
President of the 13oard of Trustees of
said city and by the Treavarer of said
city and be countersigned by the Cleric
Of said cit} and shall have the corporate
spall of saki city affixed thereto and said
coupons shall he signed hp the Treasurer
Of said city Provided that said coupons
may he so signed by affixing thereto the
IU110gn."phed signature of sald Treasurer
which said lithographed signature so af-
fixedshall have the same force and ef-
fort fl--; it the written signature of the
said Treasurer were, affixed thereto
Section 8 Sold hands except as to
the number and date -of maturity of each
shall be of Hice tenor and shall be -5ub JI
stnntially in .form as follows -1
BOND NO
United Sratec of America,
State of California,
City of Redlands
$1 04
A11 NICIPAL '%p ATl'! R 13ONDS
The City of Rediands in the County
of San P.crnardino State of California.,
fol %•nine r•eeeived promises to hay to
the hearer hereof, at the office of the
Crcasurel of Bald city ort the 15th day
of O1i 'l'hau;a ul :
Dollars l�($ 0 0) In23 the o of cl
coin of Lhe l'nited States upon the Suri
render, of tills pond and to pay interest j
thereon rl'Ola1 date, in like gold coin et
the rate of five per cent pet annum
pat'a111.• S,yt7i-annctntly' on Tho 1.,th day- of
-i;tiv :on,l 5� � nlScai f
L( h4,01V f •st insLaUntent of r,irnnl
torc•�t being payable the 15th day of
1013,) su(:h Jnstallments of interest
o h , paid at the office of said Lrea Sttrel
in accordance with and upon the pre
sentotlan and surretlder of the respective
interest t•.inlpou': Jle.retn attached .)'his
bold i one of •t series of Six Handred
bands all of like date, denomination and
heal t1xcept that S:1ld bonds are num-
bered ro�ta,ecutively, in the order of mat
ants from one to six hundred both in
Mk
isive and %';I*'y as to date of maturity,
id holds being So issued and the date.
maturity being so expressed in each.
lit twenty- of said bonds lit regular
merical order as so numbered (being
e -thirtieth of said entire issue) shall
ctlnte clue and payable each sneceeding
eal beginning ten years from date
hereof the first twenty of said bonds
.,eindue and payable on the 15th
v 199, the next twenty
1.1241 and so on
t%v t'Iwo .;t1d bonds rn their reguhu
nurnerlcal order as number 1, being
puynmo on the 15th dny of
of each succeeding year Lheie. fter ant I
Sully paid Said se.+ries of bonds (and this
bodes is one of said series-) are issued in
pursue-nce of an ordinance of said city
duly passed authririzing and direct, no
finch issue and in a •cordance with a
the. cfualified electors of salid,1
city at an eleCtion duty and 1•CgulaiVI3'
held fol filch purpose, at which election
Jlh.ui 'twrr thirds of life t'olet'5 4
�T oting al. id election rated in favicei
of sh i.;.;ur• and are issued under and
En puucnsuance of and after full compliance
Jill
the provisions of tine laws of
State of Caiifo•nta relating to til
su:pn(P of ;uc h bond, and after
mp iance with the laws of Bald
'pplicable to such Issue The indebted.
css nl' said city for public improve
meats inciuding the x•hole amount of
~aid. Minds, does not, in the aggregate:
-eeed fifteen per cent of the asses*ed
liie of all the real and personal prop
1•ty of such city, and the total In-
ebteducss of Saud city. including the ;
hole amount of slid honds, does not ex
eed thtl limit of indebtedness that said
t} may lawfully ln.car under the la`vs of
id State And provision has been duly
elle by an ordinance of said city duly
Sled and now in force, for the pay
crit of the principal find interest of
ch nd all of sa69 bonds as the same
hall become due, by the levy tend col -
1,,: Lion of tut annual tax upon all real and
personal property subject to taxation
ithin &lid (JL}, sufficient fol said par
I Witness Whereof. the said City of
lands I)y its hoard of Trustees has
sed thix hoed to be signed b3 the
^alit a of said city Lo wit The Presi
t of said Hoard of 'Trustees, and by
I'reaiHluel of .= fid city, and to 1>e
nterstgneil by the Clerk thereof and
oorpo:ttc gees to be hereunto affixed
the litho€;rn;)hed signature of said
;tearer to he affixed to each of said
pons at the seal City of llwdlands
: lith day 014P&" 1934
�V_J
[ rtemunu:r
TreasLtrer of satd City of Redlandv.
Coun[crsit ned by
Clerl.- of Stihl City of Redlands
f
.'cction ;l Said , ouponS except as to
nurllber of coul3cnr, (late Of payment aifd
number of hond refered to shall he of
liitc tenor and tri form ,ztbstallLially an
follows
INTEREST COl'P()N
Y No
'rhe City of Redlands in the County
of Stan Bernardino State of Ca;ifor•taia
wilt pay to the hearer thereof nn the
dat of 15 nt the of-
fice of the Treasurer of ,aid city on
surrender of this ihe sum of
n Unitcdupon tSL&tes gold
coin, slid sum being the semi annual in-
terest dile at that date upon Ron(I No
of the series of hands isst:e[l by si<id city
de,itln;tied as .11uliiuipal Water fouls
J'rcagujer of said City of Redlands 1
Section 10 The President of said '
IBoard of Trustees and the Trea in•ei of
said city a:'u hereby- itithorized and dd
reeled to sign Said bcn(ls and the Clorlc
of said cit) Lo ttolmLev.q!.gn the game ;end
affix the eorlit'l,te nt said rite' .
tliert-to, fol ant' on behalf of said City
and aS its corporate act and [teed, vol
.,aid 'I'rea,,ure1 is Ile rcb* atIttllorized and .
directed to sign said coupons fni and on
behalf of said city and is its corporate i
acct Incl deed either by writing Is1S Glgnn
lur(- upon said coupons or by causing
such signature to be lithographed thereon
nni such signing and sealing shall bi
vsttficient and binding execution of each
:urrl :ell of said bonds and coup'ms of said
city
Section 11 ror the purpose of the
pnymeni: of. said indebtedness, as it shall
become due and to constitute a sinking
fund for the Mlyinent of the principal of
�1rk1 bonds on or before matkii'M . the ,
legislative branch of said city to tvii the.
Eloatd of 'frrfsteeg, shill at the tuneof
fixing the general tax levy and ill the
manner for such general tax levy pro
videtl levy and i-olleot annually each
year until said bonds are paid or until
Ihcnt shall be a sum in the treasury of 1
.:ibl city Set apart for Yllat pLlYpnSe, to
mec-t all sums coining due for principni
and interest on such bonds and to con
a Litute such sinning fund, u, Lax upon ali
the rval and per real property subject to'
taxation within said city all in the i
manner and form and as required by
t tw
The taxes herein requirr.-d to be
l levied and collected shall be in acl-
j clition to all other taxi•, levied for
mtniicipal purposes in said city .old E
shall he collected at the same timr
and in the some manner its other muni-'
eipal taws are eoliected and shall ho'
Iavpt in Lite ti -asury of said city as a
separate fund, to be de5it;n[ited •ts "'1unl ;
, ilia] water Rona Fund, ' and vital] be ;
ugt•ll fol no other Purpose than the pay 1
meat of SadcI bonds and accruing in
tere,t thereon.
Sot -tion 1' The proceeds of said bonds
wheel solei shall be placed in the treas-
ury of paid city to Lhe credlt of the prnPer
impl•nemetit fimct which fund is hereby
created and shall be designated as 'Mil-
nicipaJ water nand gond and the same;
Shall he applied exelllsivcly to the Pur- .
Pcses and objects mentioned in ,oitl or-
din;inec calling said electio—
h •
a
atm—�.i • .,_ -
. t �-YY
p• � nit
eC. oiI/� 4j� I'he f'let'I: of said city is
hereby dileECcd to Ftul.dish this urtlinance
after its pa ul;e in the l.crilalid" Daily
Vac'Ly,.,.for ono insertion. �'�"'+
PRESIDENT OF THE BOARD OF TRUSTEES
OF THE CITY OF REDLANDS
CITY CLERK
I do hereby certify that the foregoing ordinance was duly adopted by said board at a regu
meeting thereof held on the day of
Ayes.
Noes
Dated 191
l
191, by the following vo
CITY CLERK