1557ORDINANCE NO. 1557
AN ORDINANCE OF THE CITY OF ANAHEIM,
CALIFORNIA, PROVIDING FOR THE ISSU-
ANCE OF PARK ACQUISITION AND IMPROVE-
MENT BONDS OF SAID CITY IN THE
AMOUNT OF $1,400,000.
WHEREAS, pursuant to Ordinance No. 1503 of the
City of Anaheim, California, a special municipal election
was duly and regularly held in said city on the 8th day
of November, 1960, at which election there was submitted
to the qualified voters of said city the following bond
proposition, to wit:
and
CITY OF ANAHEIM - PARK SITE BONDS:
Shall the City of Anaheim incur a
bonded indebtedness in the principal
amount of $1,400,000 for the acquisi-
tion and construction of a certain
municipal improvement, to wit: the
acquisition and clearing of real
property for park sites and the
acquisition and construction of park
improvements?
WHEREAS, said proposition received the affirma-
tive vote and assent of more than two-thirds of all of
the qualified voters of said city voting on said proposi-
tion, and said city is now authorized to issue bonds in
the amount and for the purpose set forth in said
proposition:
NOW, THEREFORE, the City Council of the City of
Anaheim, California, DOES ORDAIN as follows;
Section 1. That bonds of the City of Anaheim
California, in the principal sum of 4 1,400,000 be issued
and sold for the purpose -get forth in the bond proposition
in the recitals hereof. Said bonds shall be designated
PARK ACQUISITION AND IMPROVEMENT BONDS, 1961,
shall be one thousand four hundred in number,
numbered 1 to 1,400, both inclusive, and shall be of the
denomination of $1,000 each. Said bonds shall be dated
May 1, 1961 . and shall be payable in consecutive
numerical order $70,000 on May 1 in each of the years 1962
to 1981, both inclusive.
Said bonds shall bear interest at 6 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
thereon shall be payable in lawful money of the United States
of America at the office of the City Treasurer of the City
of Anaheim, California, in said city, or at any
fiscal agency of said city in Los Angeles, California, or
San Francisco, California, or Chicago, Illinois, or New
York, New York, at the option of the holder -thereof.
2.
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
the City Treasurer of said city is hereby authorised and
directed to sign the interest coupons of said bonds by his
printed, lithographed or engraved facsimile signature, and
to number said interest coupons of each of said bonds
consecutively.
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 Anaheim to the credit of
a fund hereby created and designated "PARK ACQUISITION
AND IMPROVEMENT BONDS, 1961, 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.
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
purpose of paying the principal and interest of said bonds,
the City Council of the City of Anaheim shall at
the time of fixing the general tax levy, and annually there-
after until said bonds are paid or until there is a sum in
3.
the treasury of said city set apart for that purpose Suf-
ficient 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 known as "PARK ACQUISITION AND IMPROVEMENT BONDS,
1961, INTEREST AND REDEMPTION FUND".
Said fund shall be used for no other purpose than the pay-
ment of said bonds and interest therecn 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 forms
4.
City Bonds --Ord.
of Issuance
UNITED STATES OF AMERICA
STATE OF CALIFORNIA
CITY OF ANAHEIM
PARK ACQUISITION AND IMPROVEMENT BOND, 1961
No,
The CITY OF ANAHEIM , a municipal
corporation situated in the County of Orange,
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 firs'stt year payable
at the 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
Anaheim California, in said city, or at any
fiscal agency of said city in Los Angeles, California,
or San Francisco, California, or Chicago, Illinois,
or New York, New York, at the option of the holder.
hereof.
This bond is issued by the City of Anaheim
under and in pursuance of and in conformity with
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 Anaheim voting at an election duly
and legally called, held and conducted in said city
on the 8th day of November, 1960.
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 laws or Constitution of the State of Cali-
fornia.
5.
City Bonds --Ord.
of Issuance
IN WITNESS WHEREOF, said City of Anaheim
has caused this bond to be signed by the Mayor and
the City Treasurer of said city by their facsimile
signatures, countersigned by the City Clerk of said
city and sealed with the corporate seal of said
city, and the interest coupons hereto attached to
be signed by the City Treasurer by his facsimile
signature, and has caused this bond to be dated the
first day of May, 1961.
ayor o e y o
Anaheim, ` California.
CIty TFeasurer or the City o
Anaheim, California
COUNTERSIGNED:
City Clerk of the City o
Anaheim, California
(SEAL)
(COUPON FORM)
On the day of
the CITY OF ANAHEIM,"—'—" "
California, will pay to the
bearer, at the office of the
City Treasurer of said city,
in said city, or at any
fiscal agency of said city
in Los Angeles, California,
or San Francisco, California,
or Chicago, Illinois, or New
York, New York, at the option
of the holder hereof,
the sum of
in lawful money of the United
States of America, being the
interest then due on its
PARK ACQUISITION AND No.
IMPROVEMENT BONDS, 1961.
Dated May 1, 1961.
City Treasurer or the city o
Anaheim, California
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 City Council of
said city, and shall cause this ordinance to be published
once in the
THE BULLETIN
a newspaper of general circulation in said city.
Section 7 . This ordinance shall take effect
thirty (30) days from the date of its passage.
ADOPTED, SIGNED AND APPROVED this 7th day of
March 1961 .
ATTEST:
Cit Clerk of the City of
Anaheim, California
(SEAL)
7.
Mayor of t e City of
Anaheim, California
STATE OF CALIFORNIA
COUNTY OF ORANGE ss.
CITY OF ANA TM
Is _ DENE M. WTI -T -TAMS , City Clerk of
the Cityof AAnnaa , ai orn a, DO HEREBY
CERTIFY that the oregoing or inance was introduced and
read at a regular meeting of the City
Council day e1 on e` 28th day of February , 19 -.EL,
and thereafter at a regular meeting of
said City Council day held—o-n-7 Fie`- 7th day of
19 61, was reread, duly passed and aa%op"�ed by sa���
Council and signed 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 City Council,
to wit:
AYES: Councilmen Chandler, Coons, Fry,
Thompson and Schutte
NOES: Councilmen None
ABSENT: Councilmen None
City Clerk o e City o
(SEAL) Anaheim, California
1, DENS M. WILLIAMS, CITY CLERK OF THE CITY OF ANAHEIM}
DO HERESY GERTIFY THAT THE FOREG IING ORDINANCE
NQ ' WaS PUBLISHED ONCE
IN 7HE ANAHEIM BULLETIN _
9 •