HomeMy WebLinkAbout67-114RESOL1rTIO~1 No. C7 ~/ ~
RESOLUTTON AMENDING RESOLUTION OF INTENTION
N0. 57-102, PPeNGROVE AVENUE ASSESSP4E1vTT
DIS,_RTCT BUTTE COUNTY CALIFORNIA
T,IHEP.EAS, Resolution of Intention-No. 67-102, passed by the
Board of Supervisors of Butte County, California on the 23rd day of
May, 1967, in the Mangrove Avenue Assessment District, Butte
County, California, with relation to the bond clause, sets forth
the f o1lo~aing
"NOTICE IS HEREBY GIVEN that serial bonds snail be issued
in the manner and form provided in Part 5, Division 7, of
'the Streets and Highways Code of the State of California
(Improvement Aet of 1911) to represent unpaid assessments
of Fifty Dollars ($50.00) or over, which said bonds shall
bear interest at the rate of not to exceed six per cent
(6%) pe-r annum, the last installment of which bonds shall
mature fourteen (l4) years from the 2nd day of January next
succeeding the nest September 1st following their date.
Said bonds shall be payable to bearer, and may be redeemed
as provided in the Improvement Act of 1911, and there shall
be added to the redemption clause in said bonds the following
words:
' ..together with a premium of five per cent
(5%) of the unmatured principal.' "
NOd, THEREFORE, BB IT RESOLVED by the Board of Supervisors of the
County of Butte, California, that said bond clause is hereby amended
to read as follows:
"NOTICE IS HEREBY GTti~N that serial bonds shall be issued
in the manner and form provided. in Part 5, Division 7, of
the Streets and Highways Code of the State of California
(Improvement Aet of 1911) to represent unpaid assessments
of Fifty Dollars ($50.00) or over, which said bonds shall
bear interest at the rate of six per cent (6%) per annum,
the Last-installment of which bonds shall mature fourteen
(14) years from the 2nd day of January next succeeding the
next September Ist following their date. Said bonds shall
be payable to bearer, and may be redeemed as provided in
the Improvement Act of 1911, and there shall be added to
the redemption clause in said bonds the following words:
' ..together with a premium of five per cent
(5%) of the unmatured principal.' "
BE IT FURTHER RESOLVED that the above change shall be done pur-
suant to the authority ;ranted in the provisions of Chapter 5, Divi-
sion 12, of the Streets and Highways Code of the State of
California.
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Ar- - q7 f r'y }M _
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PASSED AND AD3PTED BY THE Board of Supervisors of the County of
Butte, State of California, this 20th day of June, 1967, by tl.~e
follor•~ing vote, to wit:
'f1YES: `SUPERVISORS DUNAWAY~ MdXON~ McKILLOP~ PRYDE and
*~ CHAIRMAN HQ+~SDE~I
NOES E`1ON~i
ABSENT: NONE: -
ARLE HO~.SDE , Chairman of the
Butte County Board or Supervisors
ATTEST:
JESSZE I'~OGEItS, County Clerk
and Ex-Officio CJ.erlc of the
Board of Supervisors
Deputy
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