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Ord 0216-PROVIDING FOR THE INCURRING OF A BONDED INDEBTNESSESS7 ~T7 7 T 1 r7 j1 E -rj I; C. a'^ y a-_-•+~ T T ~ 07~~,_ J .:r;i~lld~ fit; B01-MED li`JDE711775t- -nrS F `~~~•r?-c rP'>.tile C_-' LOS v:iJ TJ.; ~-r-: r Tl 1': T t iiiI,i ?.S, 1I1. 111H rr.t r m+.. S (6.. ~v.~! .a ~`n'0V V) Li.:itii:^.. :ltJ v.7 :t 1J`~ ~'lLO(+VII)T R /Y_ i?v .;7('fj ii'1..1 lZSZSI. YT ry-f.,1 Yy 4 ] 3 0 1 ,,.~1 t^,,t r...iT7,171171 and t G t LJ ZI.!' JiLrJ~ l1_`~® TIU] BOARD OF r.!`_PL rUT_]__TS V,y 111E.-L. t}.: 1'•'! J_'' JiOS G i1 ~JJ do QrQ.a i1,1 as _QIlo"Fs. Sect'.- on 1. That pur::'•..1,:.nt to the _ es :lts o.L a s Jecial "i iui.S ~ fj 1. pal election i~t e y { in t°''.ie Q Y a of .-:Q n3 ~."L+t Q as~ on he ✓ "4.ea daisy of vuale, 1026, t---,e 1Q1?T'sa of Los Gatos issae its negotiable d oy.,LC s9 t_'?e saime to be t111Y,ty ( 3v) in nu)nber, ahict'1 s hwll be of the denoi-.gination of One Thousalad h')1000.00} Dollairs each a2i s~:ica" 1 be iw.,,,f1~'y'e.CU fs'sJ3i one 4, l) t o thirty 3U f ~'c3Ch 3fQiiCL aaacl s1ve, ar,d all Qf s id bo~sds small bear interest from their issuance until paid at the rate o:.~ five _~,er cent. pew ainum, nayabl=e semi--ainnua11ys both '~ri_auiyJa„~ axid interest of as=~ boa ds bean pa Tc%b~e in gold coin of the x'11: tec? ~tc14'~c. of =t.A7. /;,11e Y.?:i1:1 ei f£I_lo'du 7. i//,,.~, 9 t ~J r°~~ l iJ.,c, . (ryOne-tenth ~q/ps 2 :iQy of ' the o~ t i-s ~.:ideblGw~K <ess yJ~"16;.~..:.i be pCN.i.d ea~ei.E and every year at t',-,.e =Down, `!'reas,,)ry of said Q1a t1° First day of julyx ~ o ;et!'1er J ilt er e st on all s~~ _ls unpaid t such dates. '.'t'he interest, of said bonds shai3. be paid s =-0--, luc.31y, one of such st: si®aanual IDayments in each year bei"i'iF on the first day of July axed the other o:' such see i-alnuwl }asr ".eats in each year being on the first dzay of Januarys Said interest s ~a1? be evideaacec?.byproper coupons attached to said bonds separate coupon beiattac~led to each bond for each sey-i° ,z , a ei:i. 7eCQ-: n .e due ier+~..'oal. i Ti ai:a"itic.,..~ 3Ja~Pill.,$ , of f 3.'1 "1r „er,..Ast $ wQ +7 6a..?hrP..e said beads shah mature and be -payable- at the e -1d of each year; the first i.xist al l.- d,at being bonds one (1) to three (3) ile-- clusis e; v'le second :ins l-a l_nent beiiv bo_ids four (4) to 1 sil (6) inc i u sine ; the third instal g went being bonds seven k7) to nine 9) inclusive; the fourth inst allraeiit being bonds ten (10) to t:°relve (12) inclusive; the fifth install-went being bo d's thirteen (13) to fifteen (15) inclusive; the sixth in- st 11 aei.t being bonds sixteen (lei) to eige teen (18) inclusive; the seve - t h inst allmeaat being bonds nir et e erg (19) to twenty- one (21) inclusive; the eighth instalLnent being bonds twenty- two (22) to t,renty®four (24) inclusive; tae hint -i insta .l?;zent beinz boards t6:enttiT-five (25) to twenty-sev-an (27) inclusive; the tenth installment being boards twenty-eight (28) to t -irty (30) inclusive; -which lest irist all m: ant s1-1all be c o:de due and day of July, 1936, kA - Sayable on the first Section 2, Said bonds s fall be issued as of the first day of July, 1926, a.nd shill bear date t_lei.eof and shall be subst an.t dally in the folio.. iris _ omm, to wit: IITPY~ITED STATES OF AhMEELIC-41, ' 01,1 .~.I 1...~l il Oli.l'i , S y'i('7~^1IR, 9 1'-T 1' Il<IPAL M 2"O .11.:x_11 B01j,D OF 1`11 CT LOS GATOS 1SSUTD for the payr_iea-it of public: municipal improve- ment s 11-30 m $1000.00 "On the first day of July;.--'-:) the _2o,un of Los Gatos, a afiunicil)a.l corroo=^~,tion, incorporated under the laws of uhe State of Cal iforziia, a.or value received, hereby promises to ;air to the bearer at the To `2 reasur y of said Tomri i.n the "I'mrae of Los Gat oz, County of Santa Tara, State of California, the s1mra of 01:x' T '_1HOUS.Al DOLLARS in gold coin of the United States of Lmerica, `with irate ,est the neon in like `;old coin from date hereof at the rate of five per cent, ~ ~r~r _pe r annum pays o le s ert ,an-I'l zv f ly at said To gJt1 i re as on the first day of July and 'lanua,ry of each gear uTI on the oreseaWaation 2.n d surrende2., cif' the _a- oper interest bearin co.._.? ~ s :'Mic:a are heretco affi>ed® "This bond is one of series of bonds cf like date, uenoi,, and effect, issued by t°°e 1loun of .:cos Gatos for the purpose of acquiring, coaastructiWnag and c om-pli ct ing certain public munic ip al irmoroveme.--.t s in aaad for said T "M721-1 alld is i s sued under Saki In pur- suance of acid in confo-1,Tuity with an Act of the Leg:~slature of the State of Cali ornia, en1i it led: "An Act aut-horizin ; the : in;=ring of indebtedness by Cit;eS, tQa;n>ia:a ;"i3aiiwi~7 & t-i0i2S fC1r i"At11- icipal improve'r.~e_.tS and 7:e ?laflYi" the acquisition, c^n.st r,.acti on or completion the_-eof". in effect 2 February 25th, 1901, .;1 2d the acts of, said Leg- y i5lture r:;.4:1d to';r thereof or sUi;Ji3mCi2'i a there- "DU is riere y certified, asserted and de- clared that this bond 3s issued 322 ,Oursu: lace of and in conformity --i.ri th the vonstitut? ci aid Laws of the State of California and of the Ordinances of the said _Oolmn of Los Gatos a ,"rd in _ourskaa2ce of and in confor.aity with tie vote of more than two®tiairds cf all the voters voting at a specie1. election duly and regularly called and held in said `'Town, as :m,.°ovide.i in said Act, oln the 29th day of 0:une, 1926, notice ,thereof having been dummy given a.,ad published inv eh ma_mer and for the -period require:11 by law, and said election having in all things been held and conducted according to law, and the result of said election having been given canvassed and declared wxad entered in the inner as requi -red by la w® "It is further certified and declared that all the ?arovis.ons and re-gLuirevaents of tYae Con- stitution and Laws of the State of Califorr is and T of the Grdi~aa ices of said To%win of .cos Gat aB have been duly and regularly and fully complied with by the proper officers of said Town in the issuance of this Borsd aSad tea : all acts and co ad.:a t ions and things required by laTv to be done ?'lrecedent to arid irk, issuance of said bands have been done nd .have been -jerformed in regular aiad due form, and in due accordance with the ~i-iav3si4ris of the lavi authoriz- ing said bo-ndsg that 'he total indebtedness of said Tol.-n of Los Gatos, including he indebted- ness evidenced by this issue of bonds, does not exceed the limit prescribed by the r3onst itut ion and _LaArs of the State of Galifor:ia$ that the faith and credit of sair, Town of Los Gatos aiid all prop- erty in said City are hereby pledged to the punct"aa1 payment- of tie --principal and interest of this bond according to its t 3r.MS a "This bond ceases to bear interest unless presented at 1-11atur tys O T1 ` IT 17 SS the said ri 4 n of Los Gatos has caused this bond to be signed by the ,Dresident of its Board of T us~ees azid the treasur~ er of said To-mn, and to be countersigned b;- its lotiwn Clerk and -lias caused its `.Lo,7 'jerk to a`f ix thereto t'le cor;:)4ra.te seal of the said '1ovwr~ of Los Gatos. "Dated, .suly 1, 1926 01 CARD IT OF rL'Iial r1191`T_:_, (T-31" -1 0_1 "'ATICS 21 Oj.'reasurer of the To-u.'i of Los Gatos "Counters-1 gned by e Jean "i2o n of Loss laratos's m ~ m Section 3. The interest cou-cons attached to said bon:_s and evide~,a.cin g the interest to accrue thereon shall be ~-ur.iaered consecutively and shall be substantially in the follaw iii?' f or-ra,, to wit: "Coupon Ids ® $25.00 Bond No. 0 "On the first day of A. D. 19the Town of :Uos Gatos will -.oey to the bearer hereof at, he Tolan Treasury f o said Town at said T own of Los Gatos , v(ptAYlt?r of Santa vl~ara, State of Clalifornia, the sum of v enty=fire Dollars in fold coin of the United States of ,-erica, for the semi- annual interest due on that date u.-,)oyi its above numbered manicipal i=,zprover.lent boy?d "Dated, July 1, 1926 'i1 °reasurey of the 1oma or Los Gatos".. Said bonds s1iall each be si,;ned by the President of the Board of Trustees of said "Tory;-r alad by the Treasurer of said Toun shall be count.-e,'si ned b the Clerk o Scadd Town, .lho sha l' ! affix the 1 ovm Sea! to each ci' said bonds Section 4. This Ordinance shall be published once in the Los Gatos Fail ltevvs Passed and adopted at a reguIz,,r mieet in_. of the 3oard of Trustees cf the To-vn of cos Gatos I-ie on the ~ day o= 'y, 1926, by the follotiying vote: Trustees a - 2 / - A 1,- 'a IYCES, Trustees 4 .AB Z--TL-,-!,T'-T' 1 RUS ERS President OeNtI-Te and of "rustees of the v,rn Qs 1 "11 S r:: d 'il'ov,,-,n Clerk of -the of Los G$tos. a; 0MINANCE NO. GF -`PROVIDING FOR THE LEVY OF T The Boas of Trustees of the Town of Los Gatos BO ORDAIN as follows: Section 1: For the purpose of paying the principal and interest of $30,000 Municipal Improvement Bonds of the Town of Los Gatos, authorized at the special election held in said Town on the 29th day of dune , 1926, the Board of Trustees of said Town shall, at the time of fixing the general tax levy and in the manner for such general tax levy provided, leery and collect for the fund hereinafter provided for, annually each year, until such bonds are paid or until there shall be a sum in the treasury of said town set apart for that purpose, sufficientto meet all sums becoming duce for principal and interest on said bonds, a tax sufficient to pay the annual interest on said bonds, and also such part of the principal thereof as shall become due before the time for fixing the next general tax levy. Said tax shall be in addition to all other taxes levied for municipal purposes, and shall be collected at the same time and in the same manner as other municipal taxes are collect-c- ed, and as collected shall be forthwith paid into the fund for which the same was levied and collected. be designated lot 9^t Such fund shall fund, and all sums to jbecome due for the principal and interest on said bonds shall be paid from such fund. Section 2: This ordinance orc e in 1 shall be publ i she d a T newspaper published in said Town of Los Gatos, and shall take effect and be in force immediately. Passed and adopted at 'a"fe~~sr meeting of the Board of 'Trustees of the Tovm of Los Gatos held o-O the 20th day of Septe-nlber, 1926 AYES, TRUMER ES H// ° 7,/, DOES, TRUSTEES - BSE T, T '_L+STEES :O a APPROVED ATTEST- ~a n F#ZE~~SII)Et1T`!T/'OF\ TIE BOA F 1fiTVTSTE-ES OF THE ~Iu F ?SOS Gi; T OS . P TO ;N CLERK OF TEE 7--,Y-OF LOS GI T S.