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CC MIN 1935
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CC MIN 1935
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8/26/2016 3:35:27 PM
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8/26/2016 9:43:35 AM
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CC Index
CC Index - Document Type
Minutes
Meeting Type
Regular
Agency Type
City Council
Date
1/1/1935
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167 <br /> The City Attorney submitted Resolution , accepting a grant of easement from the Tacoma <br /> Mill Company covering right-of-way for sewers along the Pulgas Ranch line from <br /> Hopkins Avenue to Brewster Avenue , which was unanimously adopted on motion of <br /> Councilman Christensen , seconded by Councilman McNulty. <br /> Councilman Eva , seconded by Councilman Fletcher , proposed the adoption of the following <br /> resolution which was unanimously carried. <br /> RESOLVED by the Council of the City of Redwood City that <br /> whereas in pursuance of Ordinance No . 361 of said city heretofore <br /> duly passed and adopted there was held in said city on the 24th day <br /> of September , 1935 , an election for the purpose of submitting to <br /> the qualified voters and electors thereof the following proposition , <br /> to-wit : <br /> PROPOSITION : Shall the City of Redwood City incur a bonded <br /> indebtedness in the principal sum of $425 , 000 . 00 in accor- <br /> dance with the provisions of the ordinance calling the election <br /> at which this proposition is submitted , for the object and <br /> purpose of acquiring the following municipal improvement of <br /> said City , to-wit : A municipal investment bond fund to be <br /> used for the purchase of municipal securities or evidences <br /> of debt either of said City of Redwood City or of boroughs <br /> or districts therein; including municipal bonds of said City , <br /> bonds of boroughs or districts therein or any bonds or liens <br /> arising out of the construction or acquiring of public improve- <br /> ments by local assessment within said municipality? <br /> AND WHEREAS , thereafter the votes cast at said election <br /> were duly canvassed as required by law and it appearing that more <br /> than two-thirds of the qualified electors voting at said election <br /> duly authorized the incurring of said bonded indebtedness in the <br /> sum of $425 , 000 . 00 as aforesaid , for the purpose set forth in said <br /> proposition above mentioned. <br /> AND WHEREAS , thereafter Ordinance No . 365 of the City of <br /> Redwood City was duly passed and adopted providing for the incurring <br /> of said bonded indebtedness and the issuance of bonds therefor in <br /> the sum of $425 ,000 . 00 in accordance with said proposition so sub- <br /> mitted at said election. <br /> AND WHEREAS , said Ordinance No . 365 became effective on <br /> the 21st day of November , 1935 . <br /> AND WHEREAS , said City of Redwood City is desirous of <br /> selling said bonds heretofore authorized at said election . <br /> AND WHEREAS , said bonds were voted under the authority <br /> of that certain act of the Legislature of the State of California <br /> entitled "An Act Authorizing Any Municipality to Incur Indebtedness <br /> by the Issuance and Selling of Bonds for the purpose of Investing <br /> the Proceeds Arising From the Sale Thereof in Other Bonds , Evi- <br /> dences of Debt or Liens Issued for Public Improvements in said <br /> Municipality" approved April 22 , 1915 , and amendements thereto . <br /> AND WHEREAS , the Treasurer of the City of Redwood City <br /> has refused to execute the bonds heretofore authorized in the sum <br /> of $425 , 000 . 00 upon the ground that said Act last mentioned herein <br /> is unconstitutional and that it is illegal for the city to issue <br /> bonds thereunder . <br /> NOW THEREFORE BE IT RESOLVED by the Council of the City <br /> of Redwood City that the City Attorney of said city be and he is <br /> hereby authorized, ordered and directed in the name of and on be- <br /> half of said city to institute a mandamus proceeding in such court <br /> as he may deem proper for the surpose of mandamasing and requiring <br /> the Treasurer of said city to sign said bonds hereinbefore men- <br /> tioned as such Treasurer. <br /> The departmental reports were ordered filed. <br /> The approved claims were ordered paid on motion of Councilman McNulty , seconded by Councilman <br /> Fletcher. <br /> Adjournment . <br /> 411( E j <br /> City Clerk <br /> BEM: MR <br />
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