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HomeMy WebLinkAbout2430 . ORDINANCE NO. ~d-1LJ AN ORDINANCE OF THE CITY OF SAN BERNARDINO. CALIFORNIA. PROVIDING FOR THE ISSUANCE OF FIRE SYSTEM BONDS OF SAID CITY IN THE AMOUNT OF $1,116.000. WHEREAS. pursuant to Ordinance No. 2409 of the City of San Bernardino, California, a special municipal election was duly and regularly held in said city on the 6th day of February, 1962, at which election there was sub- mitted to the qualified voters of said city the following bond proposition, to wit: BOND PROPOSITION - FIRE FIGHTING SYSTEM BONDS: Shall the City of San Bernardino incur a bonded indebtedness in the principal sum of $1,116,000 for the acquisition and construction by said city of a certain municipal improve- ment, to wit: additions to, relocations of and replacements of the fire fighting system of said city as follows: a new North-West fire station, a new North- East fire station, a new South-Central fire station, the relocation of Fire Stations Nos. 2 and 5, the expansion of Fire Station No.4, the replacement and relocation of the repair shop build- ing, improvements of Fire Station No.1, including for any of the foregoing, land, buildings, fire fighting apparatus and equipment, fire alarm systems, furniture, fixtures and furnishings necessary there- for; and the acquisition, replacement and improvement of the fire alarm system, fire fighting trucks, fire fighting apparatus and eqUipment? and WHEREAS, said proposition received the affirmative vote and assent of more than two-thirds of all of the qualified . voters of said city voting on said proposition, and said city is now authorized to issue bonds in the amount and for the purpose set forth in said proposition: The Mayor and Common Council of the City of San Bernardino DO ORDAIN as follows: Section 1. That bonds of the City of San Bernardino, California, in the principal sum of $1,116,000 be issued and sold for the purpose set forth in the bond proposition in the recitals hereof. Said bonds shall be designated FIRE SYSTEM BONDS, 1962, shall be one thousand one hundred sixteen in number, numbered 1 to 1,116, both inclusive, and shall be of the denomination of $1,000 each. Said bonds shall be dated May 1, 1962, and shall mature on May 1 in each of the several years as follows: Years, Inclusive Principal Amount 1963 1964 1965 - 1968 1969 - 1970 1971 - 1973 1974 - 1976 1977 - 1978 1979 - 1980 1981 - 1982 $31,000 40,000 45,000 50,000 55,000 60,000 65,000 70,000 75,000 Said bonds shall bear interest at a rate or rates to be hereafter fixed by resolution, but not to exceed six per cent (6%) per annum, payable annually the first year and semiannually thereafter, Said bonds and the interest 2. . thereon shall be payable in lawful money of the United States of America at the office of the City Treasurer of the City of San Bernardino, in said city, or, at the option of the holder, at the main offices of the Bank of America National Trust and Savings Association in Los Angeles, California, or in San Francisco, California, or at any fiscal agency of the city in Chicago, Illinois, or in New York, New York. Section 2. That the Mayor and the City Treasurer of said city are hereby authorized and directed to sign all of said bonds by their printed, lithographed or engraved facsimile signatures, and the City Clerk of said city is hereby authorized and directed to countersign said bonds and to affix thereto the corporate seal of said city, and Section 3. That the proceeds of the sale of said bonds (except premium, if any, and accrued interest) shall forthwith be turned over to and placed in the municipal treasury of the City of San Bernardino to the credit of a fund hereby created and designated "FIRE SYSTEM BONDS, 1962, CONSTRUCTION FUND," and the moneys in said fund shall be applied exclusively to the acquisition and construction of the municipal improve- ment described in the bond proposition in the recitals hereof, except as provided in Section 43628 of the Government Code. 3. . Section 4. That any premium or accrued interest received from the sale of said bonds shall forthwith be turned over to and placed in said treasury in the interest and redemption fund hereinafter created. That for the pur- pose of paying the principal and interest of said bonds, the Mayor and Common Council of the City of San Bernardino shall at the time of fixing the general tax levy, and annually thereafter until said bonds are paid or until there is a sum in the treasury of said city set apart for that purpose sufficient to meet all payments of principal and interest on said bonds as they become due, levy and collect a tax suf- ficient to pay the interest on said bonds as it falls due and such part of the principal thereof as will become due before the proceeds of a tax levied at the next general tax levy will be available. Said tax shall be in addition to all other taxes levied for municipal purposes and shall be levied and collected as other city taxes, and shall forth- with be turned over and paid into a fund of the city to be Imown as "FIRE SYSTEM BONDS, 1962, INTEREST AND REDEMPTION FUND." Said fund shall be used for no other purpose than the pay- ment of said bonds and interest thereon until said bonds and interest are fully paid. Section 5. That said bonds and the coupons for the interest thereon shall be issued in substantially the following form: 4. City Bonds-Ord. of Issuance . UNITED STATES OF AMERICA STATE OF CALIFORNIA CITY OF SAN BERNARDINO FIRE SYSTEM BOND, 1962 No. $1,000 The CITY OF SAN BERNARDINO , a municipal corporation situated in the County of San Bernardino, State of California, FOR VALUE RECEIVED, hereby acknowledges its indebtedness and promises to pay to the bearer hereof the sum of ONE THOUSAND DOLLARS ($1,000) on the first day of May , 19___, with interest thereon at the rate of per cent ( %) per annum, interest for the first year payable a~e end of said year and interest thereafter pay- able semiannually on the first days of November and May of each and every year from the date hereof until this bond is paid, on presentation and surrender of the respective interest coupons hereto attached. Both principal and interest are payable in lawful money of the United States of America at the office of the City Treasurer of the City of San Bernardino, California, in said city, or, at the option of the holder, at the main offices of the Bank of America National Trust and Savings Association in Los Angeles, California, or in San Francisco, California, or at any fiscal agency of the city in Chicago, Illinois, or in New York, New York. This bond is issued by the City of San Bernardino under and in pursuance of and in conformity with the Charter of said city and the provisions of Article 1, Chapter 4, Division 4, Title 4 of the Government Code of the State of California, and acts supplementary thereto, and in pursuance of the laws and Constitution of the State of California, and is authorized by a vote of more than two-thirds of all the qualified voters of said City of San Bernardino voting at an election duly and legally called, held and conducted in said city on the 6th day of February, 1962. IT IS HEREBY CERTIFIED, RECITED AND DECLARED that all acts, conditions and things required by law to exist, happen and be performed precedent to and in the issuance of this bond have existed, happened and been performed in due time, form and manner as required by law, and that the amount of this bond, together with all other indebtedness of said city, does not exceed any debt limit prescribed by the Charter of said city or the laws or Constitution of the State of California. 5. C1 t7 BoDds --ord. ot I.suance . IN WITNESS WHEREOF. sald Clt7 ot San Bernardino bas caused tbls bond to be slined by tbe Mayor and the Clty Treasurer ot sald clt7 by thelr tacslml1e slgnatures, counterslgned b7 tbe Clty Clerk ot sald clt7 and sealed wltb tbe corporate seal ot sald clty. and tbe interest coupons bereto attacbed to be slgned by tbe Clty Treasurer b7 bls tacsl.11e signature, and bas caused tbis bond to be dated the first day ot May, 1962. Ma70r or the Clt7 or San Bernardino, Ca1itornla Clt7 Treasurer or tne C1tY or San Bernardino, Ca1itornia COUNTERSIGNED I Clt7 Clerk or the Cl~y ot San Bernardino, Ca1itornia (SEAL) (COUPON PORM) On tbe fir~t day ot the CITY OF SAN BERNARDINO, 1~ - CaUtomia, w111 pa7 to tbe bearer, at tbe ottioe ot tbe City Treasurer ot said olty, 1n said oity. or, at the option of the holder, at the main offioes of the Bank of America National Trust and Savings Association in Los Angeles, California, or in San Francisco, California, or at any e~~gi~~:gi~~~ngfs~h5rCI~YN~~ York, ~*he sum bt . . in lawtul money ot tbe United States ot Amer1ca, belng tbe lnterest tben due on It. FIRE SYSTEM BOND, 1962 No. Dated May 1, 1962. Clt7 Treasurer or tn. Clt7 or San Bernardino,Ca1ltornla 6. . Section 6. That the City Clerk shall certify to the passage and adoption of this ordinance by a vote of more than two-thirds of all the members of the Common Council of said city, and shall cause this ordinance to be published once in the SAN BERNARDINO EVENING TELEGRAM, a newspaper of general circulation in said city. Section 7. This ordinance shall take effect the thirty-first (31st) day from the time of its final passage and its approval by the Mayor. ADOPTED, SIGNED AND APPROVED this c.::?~ day of rl! , 1962. ATTEST: r" L-~ , ...A (& ,~ erk of the ity of Bernardino, California. (SEAL) 7. .... . STATE OF CALIFORNIA ~ COUNTY OF SAN BERNARDINO CITY OF SAN BERNARDINO ss. I, JACK T. FELTON, City Clerk of the City of San Bernardino, California, DO HEREBY CERTIFY that the foregoing ordinance was introduced at a regular m57~~ng of the QQmmon Co~ncil of said city duly held on the day of .L2Z~t-c~ , 1962, and thereafter at a_ regular meet~ of ,said Common Council dulY held on the .,,;1 /U~ / day of ~~ '~ , 1962, was reread, duly passed and adopted by sai Qmmon Council and approved by the Mayor of said city, and that said ordinance was passed and adopted by a vote of more than two-thirds of the members of said Common Council, to wit:, , ) AYES: Councilmen .?Jl. fi.'" .-.<-?,,<k/j4--';;,./..hF { ,~, ,'>"t/ >~~"/./Jj(,~~~c~ NOES: Councilm n )2ktC ,/ ABSENT: Councilmen ))~U/ (SEAL) FI LED fflof;! H..I.\' + 1962 .tfIIm'f ~.,;<f;.~" 8.