That except as otherwise expressly provided, all bonds of the City of Los Angeles, issued under the provisions of the Act of the Legislature of the State of California, entitled “An Act to provide for the formation of districts within municipalities for the acquisition or construction of public improvements, works, and public utilities; for the issuance, sale and payment of bonds of such districts to met the costs of such improvements, and for the acquisition or the construction of such improvements”, approved May 24, 1927, shall be substantially in the following form:
[FORM OF MUNICIPAL IMPROVEMENT DISTRICT BONDS]
No. ___________
UNITED STATES OF AMERICA
STATE OF CALIFORNIA
CITY OF LOS ANGELES
ACT OF 1927 IMPROVEMENT DISTRICT NO. _______
OF THE CITY OF LOS ANGELES BOND.
$1,000 ________ (Date)
Under and by virtue of an act of the Legislature of the State of California, entitled: “An Act to provide for the formation of districts, within municipalities for the acquisition or construction of public improvements, works and public utilities; for the issuance, sale and payment of bonds of such districts to meet the costs of such improvements; and for the acquisition or construction of such improvements”, approved May 24, 1927, Act of 1927 Municipal Improvement District No.____ of the City of Los Angeles, in the City of Los Angeles, State of California, by its governing body, the Mayor and Council of said City, promises, out of the fund hereinafter described, to pay to the bearer, on the _______ day of ___, 19___ (Year of Maturity), the sum of $1,000, with interest thereon at the rate of ______ per centum per annum, payable semiannually on the _______ day of ___ and of ________ of each year from the date hereof until this bond is paid, upon presentation and surrender of the interest coupons hereto attached, principal and interest payable in lawful money of the United States, at the office of the Treasurer of said City of Los Angeles, or at (other place of payment) at the option of the holder. The principal and interest of this bond are payable exclusively out of taxes levied upon the taxable land in said Act of 1927 Municipal Improvement District No. ________ of the City of Los Angeles and neither the City of Los Angeles nor any officer thereof is holden for the payment thereof otherwise. It is hereby certified that all requirements of the constitution and laws of the State of California and of the Charter and Ordinances of said City of Los Angeles have been fully complied with by the proper officers in the issuing of this bond that this issue of bonds has been authorized by a two-thirds vote of the duly qualified voters of said district voting on the question of such issue at a special election duly and regularly caned and held in said district on ________, 19__ and that provision has been made for the collection of an annual tax upon the taxable land in said district sufficient to pay the interest on this bond and the issue of which it forms a part, as said interest falls due, and also provision to constitute a sinking fund for the payment of the principal thereof.
IN WITNESS WHEREOF, the Mayor and Council of the City of Los Angeles, the governing authority of said Act of 1927 Municipal Improvement District No. _____________ of the City of Los Angeles, have caused this bond to be signed by the Mayor and Treasurer of the said City of Los Angeles, and countersigned by the Clerk of said City, and the corporate seal of said City to be hereto affixed, and the interest coupons hereto attached to bear the facsimile signature of said Treasurer, and this bond to be dated the _______ day of _____ A.D. 19____.
_________________________
Mayor of the City of Los Angeles
_________________________
Treasurer of the City of Los Angeles
Countersigned by:
_________________________
City Clerk of the City of Los Angeles
That coupons consecutively numbered shall be attached to each of said bonds for the interest accruing thereon, and said coupons shall be substantially in the following form, to wit:
[FORM OF MUNICIPAL IMPROVEMENT DISTRICT BOND COUPONS]
Los Angeles, California
_____________(date)
On the _________ day of (month of maturity, A.D., 19___ (year of maturity) Act of 1927 Municipal Improvement District No.____ of the City of Los Angeles, in the City of Los Angeles, County of Los Angeles, State of California, will pay to the bearer at the office of the Treasurer of the City of Los Angeles, or at ________ (other place of payment), the sum of ________ Dollars, in lawful money of the United States, the semiannual interest due on Act of 1927 Municipal Improvement District No.___ of the City of Los Angeles Bond, Election 19___ No.______(number of bond to which coupon is attached), this coupon being payable exclusively from taxes levied upon the taxable land of said district.
___________________________
Treasurer of the City of Los Angeles
SECTION HISTORY
Based on Ord. No. 62,275.