HomeMy WebLinkAbout73-40 - Providing for Open Space BondsORDINANCE NO. 73-AlO
AN ORDINANCE OF THE CITY COUNCIL OF
THE CITY OF COSTA MESA, CALIFORNIA,
PROVIDING FOR THE ISSUANCE OF 1979
OPEN SPACE BONDS OF SAID CITY IN THE
AMOUNT OF $3,910,000
WHEREAS, pursuant to Ordinance No. 73-29 of the
City of Costa Mesa, California, a special municipal election
was duly and regularly held in said City on the 11th day of
September, 1973, at which election there was submitted to the
qualified voters of said City the following bond proposition,
to -wit:
and
BOND PROPOSITION "A": Shall the City
of Costa Mesa incur a bonded indebtedness
in the principal sum of $2,602,000 for the
acquisition of land for park sites and/or
open space purposes, and all expenses inci-
dental to or connected with the authoriza-
tion, issuance and sale of the bonds?
WHEREAS, pursuant to Ordinance No. 73-30 of the
City of Costa Mesa, Cali£oria, a special municipal election
was duly and regularly held in said City on the 11th day of
September, 1973, at which election there was submitted to the
qualified voters of said City the following bond proposition,
to -wit:
and
BOND PROPOSITION "B": Shall the City
of Costa Mesa incur a bonded indebtedness in
the principal sum of $1,308,000 for the
acquisition, construction and completion of
park improvements and public recreational
facilities including structures, landscaping,
equipment, furnishings, and other property
necessary or convenient for any of the fore-
going, and all expenses incidental to or
connected with the authorization, issuance
and sale of the bonds?
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WHEREAS, each proposition received the affirmative
vote and assent of more than two-thirds of all of the quali-
fied voters of said City voting on each proposition, and
said City is now authorized to issue bonds in the amount and
for the purposes set forth in said propositions; and
WHEREAS, it is desirable that $3,910,000 of said
authorized bonds be issued and sold;
NOW, THEREFORE, the City Council of the City of
Costa Mesa DOES ORDAIN as follows:
SECTION 1. Authorization of Bonds.
The bonds of the City of Costa Mesa, California,
in the principal sum of $3,910,000 be issued and sold for
the purposes set forth in the bond propositions in the
recitals hereof. Said bonds shall be designated "City of
Costa Mesa 1974 open Space Bonds". Said bonds shall be
payable in consecutive numerical order on January 1, in the
amounts for each of the several years as hereinafter set forth:
Years
Principal Amount
(Inclusive)
Maturing in Each Year
1975
$ 50,000
1976-1977
60,000
1978-1980
70,000
1981-1982
80,000
1983-1985
90,000
1986-1987
100,000
1988
110,000
1989-1990
120,000
1991-1992
130,000
1993
140,000
1994
150,000
1995
160,000
1996-1997
170,000
1998
180,000
1999
190,000
2000
200,000
2001
210,000
2002
230,000
2003
240,000
2004
250,000
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Said bonds shall bear interest at a rate or rates to
be hereafter fixed by resolution, but not to exceed seven per-
cent (78) per annum, payable on January 1, 1975, and semi-
annually thereafter on July 1 and January 1 in each year.
The bonds may be issued as coupon bonds in the denomi-
nation of $5,000 or as fully registered bonds without coupons
in the denomination of $5,000 or any multiple thereof, so long
as no fully registered bond shall have principal maturing in
more than one year. The bonds shall be issued in substantially
the forms set forth in Exhibit "A" attached hereto and made a
part hereof.
Both the principal of and interest on the bonds shall
be payable in lawful money of the United States of America
at the principal office of Crocker National Bank in the City
of Los Angeles, California, (herein "principal paying agent").
In the case of coupon bonds, both such principal and interest
shall also be payable, at the option of the holder, at any
paying agent of the City, in the Cities of San Francisco,
California, Chicago, Illinois, or New York, New York.
The coupon bonds shall be dated as of January 1,
1974, shall be numbered 1 to 782, inclusive, in consecutive
numerical order, and shall bear interest from January 1, 1974.
Payment of interest on the coupon bonds due on or before
maturity of such bonds shall be made only upon presentation
and surrender of the coupons representing such interest as
the same respectively fall due.
The fully registered bonds shall be dated as of
January 1, 1974, and shall bear interest from the interest
payment date next preceding the date of authentication
thereof unless such date of authentication is an interest
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payment date, in which event they shall bear interest from
such date of authentication, or unless such date of authentica-
tion is prior to the first interest payment date, in which
event they shall bear interest from January 1, 1974; provided,
however, that if, at the time of authentication of any fully
registered bond, interest is in default on outstanding bonds,
such fully registered bond shall bear interest from the
interest payment date to which interest has previously been
paid or made available for payment on the outstanding bonds.
Payment of the interest on any fully registered bond shall be
made to the person appearing on the bond registration books
of the principal paying agent as the registered owner thereof,
such interest to be paid by check or draft mailed to the
registered owner at his address as it appears on such registra-
tion books or at such address as he may have filed with the
principal paying agent for that purpose.
SECTION 2. Execution of Bonds.
The bonds shall be executed on behalf of the City
with the facsimile signatures of the Mayor and the City
Treasurer of the City and attested by the manual signature
of the City Clerk of the City. The City Clerk shall affix
thereto the corporate seal of the City. Such seal may be
in the form of a facsimile of the City's seal and may be
imprinted or impressed upon the bonds. In case any of the
officers who shall have signed or attested any of the bonds
shall cease to be such officer or officers of the City before
the bonds so signed or attested shall have been authenticated
or delivered by the principal paying agent or issued by the
City, such bonds may nevertheless be authenticated, delivered
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and issued and, upon such authentication, delivery and issue,
shall be as binding upon the City as though those who signed
and attested the same had continued to be such officers of
the City, and also any bond may be signed and attested on
behalf of the City by such persons as at the actual date of
the execution of such bond shall be the proper officers of the
City although at the nominal date of such bond any such person
shall not have been such officer of the City.
Only such of the fully registered bonds as shall
bear thereon a certificate of authentication in the form
herein recited, executed by the principal paying agent and
dated the date of authentication shall be valid or obligatory
for any purpose or entitled to the benefits of this ordinance,
and such certificate of the principal paying agent shall be
conclusive evidence that the bonds so authenticated have
been duly authenticated and delivered hereunder and are
entitled to the benefits of this ordinance.
The coupons to be annexed to the bonds shall bear
the facsimile signature of the present Treasurer of the City
or the facsimile signature of any future Treasurer thereof,
and the City may use for that purpose the facsimile signature
of any person who shall have been such Treasurer notwith-
standing the fact that he may have ceased to be such at the
time when any of the bonds shall be authenticated, delivered
or issued.
The principal paying agent shall, prior to the
delivery by it of each coupon bond, detach and cancel all
coupons thereto appertaining then matured and shall deliver
the same to or upon the order of the City.
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SECTION 3. Transfer of Coupon Bonds and Coupons.
All coupon bonds and coupons shall be negotiable and
transferable by delivery. The City and any paying agent may
treat the bearer of any coupon bond, whether or not such bond
shall be overdue, and the bearer of any coupon, whether or
not such coupon shall be overdue, as the absolute owner of such
bond or coupon for the purpose of receiving payment thereof
and for all other purposes whatsoever, and the City and any
paying agent shall not be affected by any notice to the
contrary.
SECTION 4. Transfer of Fully Registered Bonds.
Any fully registered bond without coupons may, in
accordance with its terms, be transferred, upon the books
required to be kept pursuant to the provisions of Section 6,
by the person in whose name it is registered, in person or
by his duly authorized attorney, upon surrender of such fully
registered bond for cancellation, accompanied by delivery of
a written instrument of transfer in a form approved by the
principal paying agent, duly executed.
Whenever any bond shall be issued under this ordi-
nance as a fully registered bond without coupons, there shall
be reserved by the principal paying agent unissued an aggre-
gate principal amount of coupon bonds, of the same series
and maturity and of the denomination of $5,000, equal to
the principal amount of such registered bond, and in such
case the serial number or numbers of the coupon bond or
bonds so reserved, together with an appropriate statement
as to such reservation, shall be endorsed on such registered
bond.
MM
Whenever any fully registered bond or bonds without
coupons shall be surrendered for transfer, the City shall
execute and the principal paying agent shall authenticate and
deliver a new fully registered bond or bonds of the same series
and maturity, for like aggregate principal amount, which shall
have endorsed thereon the same coupon bond serial number or
numbers so reserved.
No transfers of fully registered bonds shall be
required to be made during the fifteen (15) days next pre-
ceding each interest payment date.
SECTION 5. Exchange of Bonds.
Fully registered bonds without coupons may be
exchanged at the office of the principal paying agent for
a like aggregate principal amount of coupon bonds (or for a
like aggregate principal amount of fully registered bonds of
other authorized denominations) of the same series and matur-
ity, and coupon bonds may be exchanged at said office of the
principal paying agent for a like aggregate principal amount
of fully registered bonds of authorized denominations of the
same series and maturity. All coupon bonds surrendered for
exchange and delivered in exchange shall have attached
thereto all unmatured coupons appertaining thereto (together
with any matured coupons in default appertaining thereto).
The principal paying agent shall preserve coupon bonds sur-
rendered to it for exchange, and may subsequently reissue
said coupon bonds in exchange for a like aggregate principal
amount of fully registered bonds, as hereinabove provided,
after detaching all matured interest coupons appertaining
thereto. The City may charge a sum not exceeding the
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maximum amount permitted by law for each new bond issued upon
any exchange except as hereinafter provided. No charge shall
be made to any holder of bonds initially delivered in coupon
form for exchanging such bonds in coupon form for bonds in
fully registered form, and no charge shall be made to any
registered owner of bonds initially delivered in fully regis-
tered form for bonds in coupon form. The foregoing sentence
shall not apply to later exchanges when the bonds presented
for exchange are not those initially delivered, but have been
delivered in a previous exchange or transfer. For any
exchange the principal paying agent shall also require the
payment by the bondholder requesting such exchange of any
tax or other governmental charge required to be paid with
respect to such exchange.
SECTION 6. Bond Register.
The principal paying agent will keep or cause to be
kept, at the office of the principal paying agent, suffi-
cient books for the registration and transfer of the bonds,
which shall at all times be open to inspection by the City;
and, upon presentation for such purpose, the principal paying
agent shall, under such reasonable regulations as it may
prescribe, register or transfer or cause to be registered or
transferred, on said books, bonds as hereinbefore provided.
SECTION 7. Improvement Fund.
The proceeds of the sale of said bonds (except
premium, if any, and accrued interest) shall forthwith be
turned over to andplaced in the municipal treasury of said
City to the credit of a fund hereby created and designated
CITY OF COSTA MESA 1979 OPEN SPACE BONDS IMPROVEMENT FUND
M0
and the moneys in said fund shall be applied exclusively to
the acquisition and construction of the municipal improvements
described in the bond propositions in the recitals hereof,
except as provided in Section 43628 of the Government Code.
SECTION 8. Interest and Redemption Fund.
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 on said bonds, the City Council of said
City shall, at the time of fixing the general tax levy, and
annually thereafter until said bonds are paid or until there
is a sum in the treasury of said City set apart for that pur-
pose sufficient 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 forthwith be
turned over and paid into a fund of the City to be known as
CITY OF COSTA MESA 1974 OPEN SPACE BONDS, INTEREST AND
REDEMPTION FUND. Said fund shall be used for no other pur-
pose than the payment of said bonds and interest thereon
until said bonds and interest are fully paid.
SECTION 9.
Redemption
of
Bonds.
The bonds
maturing on
or
prior to
January
1,
1984,
shall not be subject to call or redemption prior to maturity.
The bonds maturing on or after January 1, 1985, or any of
them, may be called before maturity and redeemed at the
option of the City on January 1, 1984, or on any interest
payment date thereafter prior to maturity, at a redemption
price for each redeemable bond equal to the principal amount
thereof, plus a redemption premium of one-fourth of one per-
cent (1/4 of 18) for each year or fraction of a year from
the redemption date to the maturity thereof.
All or any of the bonds subject to call may be
called for redemption at any one time. If less than all
of the bonds are redeemed at any one time, such bonds shall
be redeemed only in inverse order of maturity and by lot
within a single maturity. The interest payment date on which
bonds which are called are to be presented for redemption is
hereafter sometimes called the "redemption date".
SECTION 10. Notice of Redemption.
Notice of redemption (except as provided below)
shall be given by publication at least once prior to the
redemption date in a financial newspaper or journal of
national circulation published in the City of New York, New
York, such publication to be not less than thirty (30) nor
more than sixty (60) days before such redemption date. Each
notice of redemption shall state the redemption date, the
place of redemption and the redemption price, shall desig-
nate the serial numbers of the bonds to be redeemed by
giving the individual numbers of each bond or by stating
that all bonds between two stated numbers, both inclusive,
have been called for redemption, and shall require that
such bonds be then surrendered with, in the case of coupon
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bonds, all interest coupons maturing on or subsequent to the
said redemption date for redemption at the said redemption
price, and shall also state that the interest on the bonds
in such notice designated for redemption shall cease to accrue
from and after such redemption date and that on said date there
will become due and payable on each of said bonds the principal
amount thereof to be redeemed, interest accrued thereon to
the redemption date and the premium thereon (such premium to
be specified). If any of the coupon bond serial numbers so
chosen shall be the serial numbers of coupon bonds then
reserved against outstanding registered bonds, such notice
shall specify the respective serial numbers of such reserved
coupon bonds, and if the serial numbers of all the coupon
bonds reserved against any particular registered bond shall
not have been chosen so that less than the whole of the
principal of such registered bond shall be redeemable, the
said notice shall also state that such registered bond is to
be redeemed in part and that upon the presentation of such
registered bond for redemption there will be issued in lieu
of the unredeemed portion of the principal thereof a new
registered bond or bonds of the same character, series,
interest rate and maturity of an aggregate principal amount
equal to such unredeemed portion.
A similar notice shall also be mailed to the
original purchaser of the bonds, or, if the original pur-
chaser is a syndicate, to the managing member of such
syndicate, and to the respective registered owners of any
bonds designated for redemption at their addresses appearing
on the bond registration books at least thirty (10) days but
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not more than sixty (60) days prior to the redemption date,
which notice shall, in addition to setting torth the above
information, set forth, in the case of each registered bond
called only in part, the portion of the principal thereof
which is to be redeemed; provided that neither failure to
mail such notice nor any defect in any notice so mailed shall
affect the sufficiency of the proceedings for the redemption
of such bonds.
In case of the redemption of all of the bonds then
outstanding, or of all of the bonds of any maturity, notice
of redemption shall be given by publication and mailing in
the same manner as for partial redemption of bonds, except
that the notice of redemption need not specify the serial
numbers of the bonds to be redeemed. If at the time of
giving notice of redemption no bonds subject to redemption
are outstanding except registered bonds, publication of such
notice shall be deemed to have been waived if such notice
shall have been mailed to each registered owner of such bonds
at his address as it appears on the registration books or
at such address as he may have filed with the principal pay-
ing agent for that purpose.
Notice of redemption of bonds shall be given by the
City or, at the request of the City, by the principal paying
agent for and on behalf of the City.
SECTION 11. Effect of Redemption.
Notice of redemption having been duly given as afore-
said, and moneys for payment of the redemption price being
held by the principal paying agent, the bonds so called for
redemption shall, on the redemption date designated in such
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notice, become due and payable at the redemption price speci-
fied in such notice, interest on the bonds so called for
redemption shall cease to accrue, the coupons for interest
thereon maturing subsequent to the redemption date shall be
void, and the holders of said bonds shall have no rights in
respect thereof except to receive payment of the redemption
price thereof.
All unpaid interest installments represented by
coupons which shall have matured on or prior to the date of
redemption designated in such notice shall continue to be
payable to the bearers severally and respectively upon the
presentation and surrender of such coupons.
All bonds redeemed pursuant to the provisions of
this Section and the appurtenant coupons, if any, shall be
cancelled upon surrender thereof and delivered to the City.
SECTION 12. Rescission of Notice of Redemption.
The City may, at its option, prior to the date fixed
for redemption in any notice of redemption rescind and cancel
such notice of redemption.
SECTION 13. Arbitrage.
The City hereby covenants to the purchasers of the
bonds that the City will make, or cause to be made, no use
of the proceeds of the bonds, which, if such use had been
reasonably expected on the date of issue of such obligations,
would have caused the bonds to be arbitrage bonds within the
meaning of the Internal Revenue Code. The City hereby further
obligates itself to comply with the requirements of Section
103(d) of said Internal Revenue Code.
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SECTION 14. Publication.
The City Clerk shall certify to the passage and
adoption of this ordinance by a vote of at least two-thirds
of all of the members of the City Council of said City, and
shall cause this ordinance to be published at least once in
the ORANGE COAST DAILY PILOT, a newspaper of general circula-
tion published and circulated in the City, said publication
shall be made within fifteen (15) days after such passage
and adoption. No other notice of such passage and adoption
need be given.
SECTION 15. Effective Date.
This ordinance shall take effect thirty (30) days
after its adoption.
ADOPTED, SIGNED AND APPROVED this _Z?,a day of
November, 1973.
(SEAL)
ATTEST:
City Clerk, City of Costa jrsa
ti,
Ma76 City of Costa Mesa
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STATE OF CALIFORNIA )
) as.
COUNTY OF ORANGE )
I, EILEEN P. PHINNEY, City Clerk of the City of
Costa Mesa, California, DO HEREBY CERTIFY that the fore-
going ordinance was introduced at a regular meeting
of the City Council duly held on the 5th day of November,
1973, and thereafter at a regular meeting of said City
Council duly held on the 1?;Ck day of November, 1973,
was duly passed and adopted by said City Council and signed
and approved by the Mayor of that City, and that said ordi-
nance was passed and adopted by the following vote:
AYES: COUNCILMEN �iV , �'
NOES: COUNCILMEN %ls�
ABSENT: COUNCILMEN -moi
(SEAL)
Coe��
City Clerk, City of Costa Mesal/
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EXHIBIT "A"
(COUPON BOND)
UNITED STATES OF AMERICA
STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF COSTA MESA
1974 OPEN SPACE BONDS
No.
$5,000
The CITY OF COSTA MESA, 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 FIVE THOUSAND
DOLLARS ($5,000) on the day of 19-, with
interest thereon at the rate of
percent ( %) per annum, interest payable on January 1,
1975 and semiannually thereafter on the lst days of July and
Janury 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 principal office of Crocker National Bank in the City of
Los Angeles, California, (herein "principal paying agent") or,
at the option of the holder hereof at any paying agent of the
City in the Cities of San Francisco, California, Chicago,
Illinois, or New York, New York.
This bond is issued by the City of Costa Mesa under
and in pursuance of and in conformity with the provisions of
Article I, Chapter 4, Division 4, Title 4 of the Government
Code of the State of California, and acts supplementary there-
to, 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 Costa
Mesa voting at elections duly and legally called, held and
conducted in said City on the 11th day of September, 1973.
Unless this bond matures on or prior to January 1,
1954, it is redeemable prior to maturity in accordance with
the provisions for redemption endorsed hereon.
The bonds are issuable as coupon bonds in the denom-
ination of $5,000 and as fully registered bonds without
coupons in denominations of $5,000 and any authorized multiple
thereof. Subject to the limiations and conditions and upon
payment of the charges, if any, as provided in Ordinance No.
73-40 (adopted by the City Council of the City on
November 9 , 1973) fully registered bonds may be exchanged
1.
for a like aggregate principal amount of coupon bonds of the
same series and maturity or for a like aggregate principal
amount of fully registered bonds of the same series and matur-
ity of other authorized denominations, and coupon bonds may
be exchanged for a like aggregate principal amount of fully
registered bonds of the same series and maturity of authorized
denominations.
This bond and the coupons appertaining hereto are
negotiable and transferable by delivery, and the City and any
paying agent may treat the bearer hereof, or the bearer of
any coupon appertaining hereto, as the absolute owner hereof
or of such coupon as the case may be, for all purposes,
whether or not this bond or such coupon shall be overdue, and
the City and any paying agent shall not be affected by any
notice to the contrary.
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 California.
IN WITNESS WHEREOF, said City of Costa Mesa has
caused this bond to be signed by the Mayor and the City
Treasurer of said City by their facsimile signatures, counter-
signed by the City Clerk of said City and sealed with the
facsimile corporate seal of said City, and the interest cou-
pons hereto attached to be signed by the City Treasurer by
his facsimile signature, and has caused this bond to be
dated the 1st day of January, 1974.
COUNTERSIGNED:
City Clerk, City of Costa Mesa
(SEAL)
Mayor, City of Costa Mesa
Treasurer, City of Costa Mesa
2.
(COUPON FORM)
On the day of , 19_
the City of Costa Mesa, California
unless the bond herein mentioned
shall have been called for previous
redemption and payment of the
redemption price duly provided for,
will pay to bearer at the principal
office of Crocker National Bank, in
the City of Los Angeles, California,
or, at the option of the holder, at
the paying agent of the City in the
Cities of San Francisco, California,
Chicago, Illinois, or New York, New
York, the sum of $
in lawful money of the United States
of America, being interest then due
on its 1974 Open Space Bonds, Bond No.
Dated: January 1, 1974.
City Treasurer, City of Costa
Mesa, California
(REVERSE OF COUPON BOND)
PROVISIONS FOR REDEMPTION
Unless this bond matures on or prior to
January 1, 1984, it is redeemable in the manner and
subject to the terms and provisions and with the effect
set forth in the within mentioned ordinance at the option
of said City Council on January 1, 1984, or on any inter-
est payment date thereafter prior to maturity, upon at
least thirty (30) days' prior notice in a financial news-
paper or journal of national circulation published in the
City of New York, New York, at a redemption price equal to
the principal amount hereof, plus a redemption premium of
one-fourth of one -percent (1/4 of 18) for each year or
fraction of a year from the redemption date to the matur-
ity date of this bond.
(FULLY REGISTERED BOND)
UNITED STATES OF AMERICA
STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF COSTA MESA
1974 OPEN SPACE BONDS
No. R
The CITY OF COSTA MESA, a municipal corporation, situated
in the County of Orange, State of California, FOR VALUE RECEIVED,
hereby promises to pay to
or registered assigns, on January 1, 19_, the principal sum of
THOUSAND DOLLARS ($ ) in lawful money
of the United States of America; and to pay interest thereon in
like money from the interest payment date next preceding the date
of authentication of this bond (unless this bond is authenticated
on an interest payment date, in which event it shall bear interest
from such date of authentication, or unless this bond is authen-
ticated prior to January 1, 1975, in which event it shall be
interest from January 1, 1974) until payment of such principal sum,
at the rate of percent ( %) per annum,
payable on January 1, 1974 and semiannually thereafter on July 1
and January 1 in each year. Both the principal hereof and interest
hereon are payable at the principal office of Crocker National Bank
in the City of Los Angeles, State of California (herein "principal
paying agent").
This bond is issued by the City of Costa Mesa under and
in pursuance of and in conformity with the provisions of Article
I, Chapter 4, Division 4, Title 4 of the Government Code of the
State of California, and acts supplementary thereto, and in pur-
suance 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 Costa Mesa voting at elections
duly and legally called, held and conducted in said City on the
11th day of September, 1973.
Unless this bond matures on or prior to January 1, 1984,
it is redeemable prior to maturity in accordance with the pro-
visions for redemption endorsed hereon.
The bonds are issuable as coupon bonds inthe denomina-
tion of $5,000 and as fully registered bonds without coupons in
denominations of $5,000 and any authorized multiple thereof.
Subject to the limitations and conditions and upon payment of
the charges, if any, as provided in Ordinance No. 73--40
adopted by the City Council of the City on November 3Y- , 1973,
fully'registered bonds may be exchanged for a like aggregate
principal amount of coupon bonds of the same series and maturity
4,
or for a like aggregate principal amount of fully registered
bonds of the same series and maturity of other authorized
denominations, and coupon bonds may be exchanged for a like
aggregate principal amount of fully registered bonds of the
same series and maturity of authorzed denominations.
This bond is transferable by the registered owner hereof,
in person or by his attorney duly authorized in writing, at
the office of the principal paying agent but only in the manner,
subject to the limitations and upon payment of the charges pro-
vided in the Ordinance, and upon surrender and cancellation of
this bond. Upon such transfer a new fully registered bond or
bonds without coupons, of the same series and of authorized
denomination or denominations, for the same aggregate principal
amount will be issued to the transferee in exchange herefor.
The City and the principal paying agent may treat the
registered owner hereof as the absolute owner hereof for all
purposes, and the City and the principal paying agent shall not
be affected by any notice to the contrary.
This bond shall not be entitled to any benefit under
the Ordinance or become valid or obligatory for any purpose,
until the certificate of authentication hereon endorsed shall
have been signed and dated the date of authentication by the
principal paying agent.
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 California.
IN WITNESS WHEREOF, said City of Costa Mesa 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 facsimile corporate
seal of said City, and has caused this bond to be dated the lst
day of January, 1974.
COUNTERSIGNED:
City Clerk, City of Costa Mesa
(SEAL)
Mayor, City of Costa Mesa
Treasurer, City of Costa Mesa
5.
(REVERSE OF FULLY REGISTERED BOND)
PROVISIONS FOR REDEMPTION
Unless this bond matures on or prior to January 1, 1984,
it is redeemable in the manner and subject to the terms and
provisions and with the effect set forth in the within mentioned
Ordinance at the option of said City Council on January 1, 1984,
or on any interest payment date thereafter prior to maturity,
upon at least thirty (30) days prior notice in a financial
newspaper or journal of national circulation published in the
City of New York, New York, at a redemption price equal to the
principal amount hereof, plus a redemption premium of one-
fourth of one percent (1/4 of 18) for each year or fraction of
a year from the redemption date to the maturity date of this
bond.
(FORM OF PRINCIPAL PAYING AGENT'S
CERTIFICATE OF AUTHENTICATION TO APPEAR ON
REGISTERED BONDS)
This is one of the bonds described in the within -men-
tioned Ordinance and authenticated and registered this
day of , 19
PRINCIPAL PAYING AGENT
By
Authorized Officer
6.
(FORM OF CORRESPONDING COUPON BOND ENDORSEMENT)
Notice: No writing below except by the Principal
Paying Agent
This registered bond is issued in lieu of or
in exchange for coupon bond(s) of this issue, series,
interest rate and maturity, numbered
in the denomination of $5,000 each not contempora-
neously outstanding aggregating the face value hereof;
and coupon bond(s) of this issue and series and of
the same interest rate and maturity aggregating the
face value hereof (and bearing the above serial
number(s) which has (have) been reserved for such
coupon bond(s) will be issued in exchange for this
registered bond and upon surrender and cancellation
thereof and upon payment of charges, all as pro-
vided in the within -mentioned Ordinance.
(FORM OF ASSIGNMENT)
For value received the undersigned do(es) hereby sell,
assign and transfer unto
the within -mentioned registered bond and hereby irrevocably
constitute and appoint
attorney, to transfer the same on the books of the Principal
Paying Agent with full power of substitution in the premises.
Dated:
NOTE: The signature(s) to this Assignment must correspond
with the name(s) as written on the face of the within
registered bond in every particular, without alteration
or enlargement or any change whatsoever.
7.
-S.
STATE OF CALIFORNIA )
COUNTY OF ORANGE) SS.
CITY OF COSTA MESA)
I am a citizen of the United States and a resident of the
County aforesaid; 1 am over the age of eighteen years, and
not a party to or interested in the below entitled matter. I
am a principal clerk of the ORANGE COAST DAILY PILOT,
a newspaper of general circulation, printed and published
in the City of Costa Mesa, County of Orange, State of Cal-
ifornia, and I certify that C4-+✓ 0rdinanCe N'Umoer
73—L o
of which the copy attached hereto is a true and complete
copy, was printed and published in the regular issue(s) of
said newspaper on November 29, 1973
I declare, under penalty of perjury, that the foregoing
is true and correct.
STATE OF CALIFORNIA)
COUNTY OF ORANGE ) SS.
CITY OF COSTA MESA )
I, EILEEN P. PHINNEY, City Clerk of the City of Costa Mesa and ex-offido Clerk of the City Council
of the City of Costa Mesa, hereby certify that Ordinance No. 73-40 was introduced and con-
sidered, section by section, of a regular meeting of the City Council of the City of Costa Mesa, held on the
5th day of November 197-2— and thereafter passed and adopted as a whole
at a regular meeting of said City Council held on the 19th day ofNove_ mber 197
by the following roll -toll vote:
AYES: COUNCILMEN- Hammett, Jordan, Pinkley, Wilson, Raciti
NOES: COUNCILMEN -
ABSENT: COUNCILMEN - None
I FURTHER CERTIFY that said Ordinance No. 73-40 was published in the ORAN COAST
DAILY PILOT, a newspaper of general circulation, printed and published in the City of Costa Mes A, on the
29th day of November 197 3
City Clerk and ex -officio Clerk of the CCouncil
of the City of Costa Mesa bi
PyU7� NOTICE
PUBLIC NOTICE
PUBLIC NOTICE
PUBLIC NOTICE
ORDINANCE M. TNB IHm4
M transferred, upon IM banks ro
I' IOU, ill bzw rnMmaXm,
AN ORDMAXCE OF THE CITY-CCWIS MWWWO
id be kill Wawanl In Me
1 Mb In IM Cale of Woh In..WM
CIL OF THE CITY OF COSTA MES' pmvlsidn
at selection 4 by Intl Wnon Mi
qtly In Port, 1M pm11W
weyK
CALIFORNIA, PRONDINO FOR SNE In
wbX e 1 IS glatentl, In d
«ned
Me mange, iberM wellch Is N
Clry e! Cash MeX
-
ISSUANCE OF FUN OPEN SPACE perxm
o1 W M1u dell ..W. alio-«, ne
p,..mea: Wovldea that MIMer
EO m OP SKID CITY IN THE upon
Singular of SWJI WIIY 1.9. d failure
do -011 wM1 ndl« M/ Y
Trtesun4
s,
WAOUM OF A.NB,KD. Mnd
for c n[ellatkn, .« .nlM -'nY tlelM
In nell[e xo maIIK NXII
COVNTERSIGHED:
CIH "I MeX
WHEREGS. WrivaM to ONinance Ne. delivery
la a rithn ImrrVment d e1IM
Intl aWlle,ion, d the proses sengi
AA "a:': Intl <Ih d Cmla Mesa. bansl¢r
In a Soret MroV<d by 1M
euly
M the retlemillm of such Meds.
a SpaieP unidpal elKlion prindwl
MveM peon exttuted
In d the'redemNlon me II City
Clerk, Cie, Of Coto Mess
WelrlOuis,
eYIY led rgVIiUY Mile In Saltl
Wnenew. y WM 1M1BII bP Isslrctl of
u
+M1e bolls then telandin9T of of ISEALI
(COUPON FORM(
Cin Me Ila aeY o1 SeW limb-
Mer +nit eMinance es a lulls rml5leretl
R of the pgla. or aN aW'""
D" tM1! eery of %%%%%,
197J,'at Micn eIMiW IM1ert Mull bqM
wirlwul owms, iM1He' anal. M MID,
d by IM
a MdNMtlrn Ing' M 91vm
11'!
aX%
Co Cs111Nnk Dan'!
Cin d Cute MC
nee to ted auelilietl voters a aa:d f
tD
Kv pNMipal payiM apeemi m
NsuN em nl
^ ublicallm all m IIIM I" Me me
MDea
l
MM herein m XmK Nan M1lW
CM ill Yollo'MM Mia propmitlm.
a
an Xgn9atP pN«IeN
s IH partial redgodurn
eMGepf
Iof prtvlwz -diet
NI;
<oDpon Mnax, d me x mB ee.i<3 EmtlI
meme Maine a raaMp- aae"
d N Me
BOND PROPOSITION "A": SMI( YM ell
m turlly M d Me aemTlNiton fi
Mea t XKIH Intl Mala. numM[5
,.m laemplidl Nin
payment
CiH d Coafa Mus Incuf bWd[tl el
35.0.ro, e9us1 fo Xe prin<^p°I al;wntad
nu betas M M Mdo mid. II at dole
up. ieed M, will pan to bear.
up.
IndMtetlness In ted prinUMl su al d
sv n reYlsttred bqN. a d In xucn'M
till
time d giving Malice of reaemdlm at
Ma .,a- el Cr«M Nefima
S4,EW.ttO br rnf aMYXlllm a MM
GX tlal numblf w nVTMR
MMS yWIKr M eKemallW Bank.
In Intl atiIY 1 LG MwaS
for Pork aki ane/W cpn xPoce hf
IM Wuwn bcntl a MMS so reservK,
o
WtatmIIM except registered MI" Colien.
N, at Me illi- d ml
W1pOyes. antl ell Nmee Incidental iMetner
In a gaopriate stalemenl
yiutlm d auen notice Snell M d«mid
.
C1, I err Me es ad plot N id
YOM
C." r" Colles a Sen Francisco
lea Uaf wIIM1 fed ay.Mrlietlon, es
le sucM1 reservatlm. SnNI M eMgsetl
me nen peen n v!a .1 h mNce
nettled[ ill XI! a ill Mnaai
m Sucn repiskru oMd.
NNII have been maI1H Io eKb fglxtHN
C011I«Na, CM1kga Illinois N New YerY,
, C
end
Wnenlver any +uIH Mna
"W d such bgldo a his address
XYN Yak. MB sum "I f%X%X
WHEREAS. pursvanl to OrainanCP of
negislercd
Mntlx 'iMut W sbg M a5
It up�.G W the rgIgnitlm books
A. V d !M gains n
N> TJ50 a the Cie of [este Mw, eeMHed
M iransIS, ill Cllr ill II
u . h add ran, a M may nen
i et the
Amaro, being Interest than due
CallbrNa. b Spiel..i.ipsl Madrid. sun
uta all XN pli.ipal MYnp IMnt llkd
wllh the principal MVIM agent iA
WA More SMu Bells, Bmd Nc
and r7plern Mid M mid CIN
dden nIYthe
MII authenticate all aelhrcr w
1 that WpGe.
K%X OefK: Jemery 1. OM,
J
41mf'Aey f SWlemper. IPA.
Wily bold °r OOMs d +ne
Nonce "1 adempndn M been, xhell
t xTIU InHe s submUlM fa
Xlsmered
Series M matvin.W ler like
pion M• the Of, N, at the reouul
City Treasurer.
b In pu� voters a said City
ggrgare principal amount M1icn shall
Me
d be <rh. by She principal Ing"
Clh dl Cwta Mm. Callldrnik
IM1e IdITd PNW>illen. tows I.
hen aorsed th<rW" the as tWWd
a9ant W all m behalf N led Clty.
(REVERSE OF COUPON BOND(
60X0 PROPOSITION "B": Shea the Soma
al nvMt.1 N nVmbNI
SECTION Il. Elled el Rede "..
PROVISIONS FOR REDEMPTION
CI1V' N (• Mna IMw MMM
reserved.
Notice d redempllm MVIng Men duly
Unlna this Spend mNurts sola
_
IMebFOR :I. the principal III OI
No HanSIN6 e1 -111 ae9lslered Soma-
q.nn AS afM..W, Aid mose, Sol
k !anger, I, IflA If b ,NeemaM
Me mung"iory cory SM1aI.
M required to M all paring
e; IM1e rM<mNlm price «in91n
the manner ell sWie[I to m
a4wt1 C egien of park Me. Intl
Sir
title- 115) days ext NS«dinq
payment
Mid by M1e NrnGipel NYiM eq<nb
teems all cMiuned all Mph Me .ilei
p and Wnfi< re ealIAMI
a . Informal Wvme"t data.
eseenox
ne betas ailed 1m M[mpnnn
I" IMM :n fed Paan- memime
kdlyley, yICIWmg tructures, inMsah
z Fk<naMea BOMa.
hall, ea me �empllm rata d.lN IM
raiMMe at ma Wxon oe b din
Cowen
11 furnishings, and other
Pally u<NtaM bards wiMg11 MWS
$a MA, W,O, haane aw all Payable
on Joan., 1, reek, or
near
.If[gX ry e hen ear br
zne
y I. NaMea N +M dile d
I fa oke
on me a IMOtim pr,,, gedl,M m
e r (Medal p 1 date merone
b ,MMUN, pane at Ixsl. thin
ASa Y. ted
,. m a bravo , an
"toe
NIng MVIM aM9mr a
M. hence, retreat me doM> o
polar
lame nnenM Palm
av9ra9al! vtlncrPal a ami a tical-
called for Mahang im Moan « In
WI ears• prim nonce to a Stearns
°YIhGU.ear. Isswnu aha .1. o1
Mnas Io1 lot a IIkP aggel9ab prin[Ipal
au e, ill w umarinemarineCoIdf IntereMn
rl e1 nNbnN dreul:
eovemper o IovN
nm
me emaa
add mi Be WIn rr lure..a been- at
m.iodnp XbxRgenr M me r.mwum
Won:Ma m ma env a Ore
WHEREAS• Gch pap ,,m received
eMe1 out lets 0 Small N) of the
dale hell M vdd. all (M1e holtlen
Yak. NeW YDIX. ars-Mimpllm NN
the affirmative vole rd assume d re
AS Xrl M maWdly - M cwWn
I MerM bmai sM1all M1en 119h1s
sayer( ID me prin[IMI am r M1em
IMO tWWMNs of II d 1M duell(IM
MMS may be esMMM el la ING
jn Misled -Neat pt b ire
oIW a retlemptien premium of dmlgrl
vpk d la CIN rolled On N[h
of w pHisolnal PoYIM IN a
Poyp;mf d m! reaemptlm pflGa IherM.
I olapercena IW d 1%) hr ee[
ria I.. Cloy is naw a Morin
eke e0gre prin<ipal 1 d WIIY
I.
Pdendnins
qll pale In1ert511n M+e 1l menti
Mar ra :en d a Yesr line --M
ad toNfl-
M to W Meds rn he a ow, all
rgisterM non- of out HIS
IaareyenlM HJ cousins whi<F xMll nave
rMempxen tlaM to the maNfnY U°'
M IM1e Monoses Ort feel, is ..:it
tlgn a Ibe same aeries all maNliry.
;" W;M e;l N sripr to 1M ealB d
d this bnn6
prcgpNlipnL all
All GUpm halls xvr MerM Sof ex
nd tlelWoM In She . M.11
MempllMm tlu19na1M In suN entice
(FULLY RF613TEREO BOXDI
UNITED STATES OG AM60.1CA
WNEREASi I, Is aeMmble MN
ehaM°
ban lIt.' inion all NUM
U'°II ,Illi D
eSYable ,D me
STATE OR CALIFORNIA'
fT.+JOAN d' mid aaiKKi-M MMS M
Issued
_
as amerlalniM inoetd Ileplean
rte
Sonrtn xvr Ill a tl r oedivNY u on
su r neer d h
COUNTY OF ORANOE
AN Sold;
1M City
Nhe
a Y atMI -shat In
we Nexente,im and
CITY OF COTTA MESA"
RDAIN'a'Im
theofComeTHEREFORE,
ofCityo1 Getter Muer DOES 00.0AIN
in Of
<ewsns
qll Meds redeemed purwenl io the
1+ti OPIN SPAC! BOXOf"
as With
n prom- e c Wrodl
Paying change Maas
surreal even. Merl1 pfor
FWyls'm• d Ms $edioe M the app
1. Me f of
The
sunentluW X II ler a antl
WdeMnr «Ypm: X rr. n.n ee
The C.Ty OF COSTA MEI' �
InXiM'In'n
,.Mv
The DwMa a me an d ch,ta M -a,
MR City
s Sannpe,
r s MemoMv rings Said coupon
MIed ppm nerner meats ma
-.[peri cmW.anm.
d Cringe Slate d Lallf«ni
nI principal sI a
(mat In for a likeg1,1 g9lgan
delivered b led Cih.
CWnh
be
35.910.Ipg -M i.e.uall olds ID/ mP
.,Mo
prl"dpal amOVn, DI IdiY n9lslera bmtlf.
....mi
SECTION li Res<iuim N Nati«
FOR VALVE RECEIVED. MGW pia
Wipbaiiiiiiiiiiii
S cal loch In the Mrd prWaslllans
s M1NNNMve pro ided. after detaching
RMempllm.
>N 1B pi a,0
th° =1alx MerM. Sala Meds spall
all -allied Inkiest Wuppns apNdabim
TM City may ai r4 dIM. prior
gisterM 19ns, on Jan ry L 19%
M tluipMlM Can derCWti MBMi
thMb. TM Ci1V m <name i u
b 1M date lined ler vide-[.-
N
ine prlM)MI df X%X%a TMOUipa
IWI OMN, Spire Bder Saltl MnN
red exceedIM marimU amount
all dine d fypmpllm RYIM ill
OOLLIAS (iX%X%%X) In IiwO
man M paysme In msautHe na
permitted by laws for each Mnd
«nut Nrcn MI<B d rMemWim.
el ill Mo. staky d Amen[
U.
Order M aanVM 1, in me amOY t
lX upon an exchange ei<lpty
SECTION IT. AM,R
all M pay 1Maese tnereen I" II
d- n d me a vire. ttari as
e
heMnaiW puvitlM. No 0.19e fill
The io, needy My tB the
metes laom me Interest paYmint d;
M1NNMIIeRut Mi
M made Many hadur DI NMI' 'III"'
Wan°sas al Me WWI My 1M CIN
1 NKMIM'iM date d eutM ticatl
Yun3 Pfancrul Ammnl
aNlwred W Gusman teem Im ...'Min,
will ake, m ca M be mMe,
a Mrs neem lY"le-s this Mntl 11 aUMI
IItkIVNwI. Ms1uIIM in Eau YNr
sub bgNM In pm .elm far Meds
d Me pr«eetls d me Soends,
IfearM m an IniMsr Xvmmt do
Y+'191T 1 WAox
In IUIIY r°91tlerM lormf all M [carpe
,,filch. If Bwn use Md been naXNlly
I" which n1 11 spall Mar Int -
Eak
Mn be ed. In am MINeM d
el Tuns
ep<led en the date d :mat orn
been such of authentication,
"IS '
IngTy°RN: ia,.
Mna. IMmnV eNHHM In
adkallWx would nave caused Me pond
fmlm MM adMnikNM m
Ie1.IPox ap.CW
We, I -m for bona: m
M be arbNr:M Mrd: Mab Me ,lean-
m JWwry L Ivix n .1.
19811935 NM
"h"'
1-m Th. Imgom9 xNMe ntli t
ill
d me INa"al Revmw elle. red
b NXn be IMMN Mmm. J.nwry
1NNXt IN.IXO
apply ro INer a Lall- when hauls
Cih ne.Z WrInH -ngatX Thin t"
like) -111 .,a.., as ands Interest
1. 1W
p -m. lob Mlle d 1.
ply WiIn IM red IGrnenis d dict.-
um t the lei. d XXX Wm
SplFlgig (SIM
Indiana, pull Red MI he. AS
INlal d Xm IMemal Ravmue fedi
(%XXR) Par -a-,. buys 1, m JAR.
IOn, 1NM
[.(MerM In a oreN-1 e.g..
SECTION lA Pwll<RaM.
I. lA< erd Xm1amN.a11Y iMGBN<
159J Pp.Ma
fiaMIN. F- am lkcMMe ;M peln[IPaI
Ths CITY Clerk spall IIh b ill
JUH 1 na Janwry-1 m c\ ye
ft
Ip< .'and
Davi grnr MII IX .11, NO
peYepe red awl.- d Mi [Maedi
BOM +M NI UWI MreN I"tN
1995 ib0 WB
W<vm,mi Sol Me MMAUdeY qwo M
by vale d r least iwo1M1 fay a
Mroon Pa d! A9 1M N1MII
IfiblPpl ITh,m
,-he, e dl m la% Ther
N` d IM1e meds o1 ted City CMnUI
olMu d C k Nt1Jm 1 Bgpk'..
lPu 1OnZ
mdernmental cber9e ra9ubM to M Pab
d uld Clry. dna yM0 cause Mlx
Nu C f LOW ales lie a
I,M1 reaped M such excM1eng<.
atli--e +e M pUd6Mtl 1 (NSI P
Cellla 1 (M I Ipif gtXYl
,'^
j jet=
SECTION S. BM:I Rgishr.
In Me OMNFE COAST DAILY PILOT.
apmY'1 4
NJI 310.(0]
TM Win<pal peYlnp a9an1 WII kxp
d Mun. dredalldn
Tnls Ma C
M2 tsu'"an
ere to M Mpl. r Me Ince
of IneuvnrclPN a9mn wlll<lam
_
Mer,
"d Crbea1M n me Cih,
Of earl Me uMK.a M_<pWwBI
In
and
i!D] IM,0.tl
NHM
the transfer:%'
aplalbll5l'M
le publication shall M M! wlMa
o rd <mlwmlly."I'ISd'.�,k NrDYiIS
g5pa
boos for rMastraXm ell
rot. Mnas.'M,I[n Xsll at 11 fimu
(ISI days axo sed PassMed
art I. CM1dpiN".I I,01lWm
CM
Said Mnd. Mall bear r"teM al
e;n atlg11W IS omit Meru I N<n
Toile d the GoviarlMlil e.
at. or -'TN- to be tonsillar fixed
be W[" to INpmllm byu ill OHa
pesSge all aOWllmMn°M M91vN4
In, Stek W California, lrd Oct. M
en
Iby YeiUUNm,.Mt nd to exceed Seven
b 00 pfeaeMatlm 1m M pap -p
SECTION IS. EfMliw Mk.
hemi dry SMedo. a. InW1-va'
per<eM OM) nU able
ran"
Me earledsYiM gent Snslb Vier
ThIM udNnce sM1Bll t" eflt<t IMtlY
I 1 1 all CmsOWH- 'N
ref
IJ....Z 1' 19tS emlanavally
suchreasonable aul as If m
COS days.11-its Manner..
Stale CMIRMIm Rod n Atwi
ltherefOr " John 1 ells Jengan 1
emmer
e. rglyled ba"aver w do..ADOPTED,
SIGNED AND APPROVED
m e eam of than lw lhl
'.I" owns yea,.
to b! registered or ,nnskBtl. m
to be
Ihli 111tdsY d NovSmbeM1 WA.
1 fol ne Ouilrli<d le¢an
1 Th, Meds may M SO M N < pme
ke Soaka, Meds a5 M1-N"Mlma pro
JACK HAMMETi
city may Coal° M -e vdlM C' NKII
Monce In`Me daramlM,lm d SSON
vl�'
Memo
do, and easily IIMM, held. ill [
a WIh registered holds wltMut
TERIOX L ImgvvemeM FUM.
City e1 Costa Mma
in Ia CII, the gar,
new'"' 1 H n of A.p
TM pm[eedx d the s le OI .1.
ISEALI
meC,M
oI SeplemMq 101
a^;.I A"'W
Or Y -- N11sk th d Iqp
I be an (Pxcgt premium. It any, and
ATTEST
Unl-i iMx Mrd IufO m m p
IuM :registeredaMna she.f nrve
eGrvM Inlares0 ssll lorthwlih be brnee
EILEEX P. PNIHNEY
M January 1. IM, I Mimi
NnCIpaL, m caned m mrd +Man one
"`Tr tD all placed In 1M did
City Clerk, city d e'to M.I.
pdef ,e awf H I. a<e-Jen<e !
y TM -0aMs SMII be i,wM In
I<B°Gry 1 nem City in1M cMlt
.1.M.l.d
STATE OF GLIFORNIAI
the proNNms IN redemplim senior
eyknHappy. the lefm5 N form In
I A lull neuro Mna all
) SS,
hymn,
Exhibit AI attached hereto all Mlle
CITY OF COSTA MESA 101 OPER
COUNTY OF ORANGE )
TM1e Meds ere issuable .1 Ing
s Md Mout
SPACE BOmD S IMPROVEMENT FUND
1, EILEEN P. PXINNEY. CII, Cleu
Meda in ,M tlmaminatlm d z5
'BOM red OHW,1 a M (MSI
MI
tl „e eys d IUM spall
f iM CII, d Ca.. MeX, Ce111Nn.,
end as pully r.'all'. DOM, will
m the Som&>M1ell M paYaUl[ in fell
M °<s�: yd exclusively 1" Intl a.uiY �
DO HEREBY CERTIFY Mg ill Mae9o-
coup-, i denomiMlim. d SSpW
c W d. the United 5bte, d AmeM1'c
re 11YCti0n IN IM INI
IM ordinance was InNMNM ar a regular
any doomed Multiple iM1=i Sul
I= dnclNI dflce of Crocker Hellmel
Novem! ,is aexriSoM in Me Mod prDp
d me al, CWMn dun
1" the Hernai Lima M c[nalllms
Beek Id 'me env a Los AMNl.,neia
anlnm: n Me redk1M MreN, "'!ht
en me set aey a xevemM., 1Ni
d M
Yom°vmM hl ,he -meq
i
ICanMrnIM - (MrNn •roaheWN NM
peavitlM m San- um of
vol
e a
M flNr«nN -quler ling
a ie. m Deman« Ore.
gi"l"l. In m! Gx a ouNn slily.
<InMul
-"mart Cede.
s::O aH f out, new
M M M +M CIN «
Mh'.-. WI'prindpal ell M011
SECTION i. Inlenil and RMempllm
the lath tleY I November, 19A e>CIIY
Nov
NovemMl 19. 19xJ. 1
ie, t, "
I- M be I the WtiM d Ih
RU°a'
Inland
rVIY paaM all MWiea M 6 is Ci1Y
ugi3tarM Medi may M qCM
.N,. e m payiM an a, hl ill
AM, NeMum r accrued
CWMII ell SgnM A agrovM
1Mea
M Ilke n991ga I. smor ml an I
ClnriO ill Ciliu a Sen Franci3
uc IVM Iran me la of aiitl bell,
M
Ina MaY- d 1Mt CiNe end IFaI Sold
ev
e
eNln[
Co..,., em.Gvw nnnhlu - x!w Y -k,
In 11 IOdllwllh M MmM OVK ell
• o
o. Mese M.M M MMM
Ma w11YMDrodfma Ilke e99rgets
Now York.
aIAGa m Xm 4GmrY m IM ImaaN
ill ldkwNq Pale:
ammM a MRy rc9M-M MIM -
In, ..Y bOn]5 AMR M a.hd
M Memdion fund MMgMf N put..
AYE3: COUNCILMEdermsN Ham M! 1
f• ill Same Xr. all maturm of d'
as d Java L 101. Mali M numMM
Thai Me the Plorm el pall. In.
J -den. PlnkleY. 0.edfr
elm -find da oy're num, M c
�IN
'II 0 ,gi ryINIMNe. I" c Glive
prlMipal all Internal on mid hood-.
uL 6N
NOES: CWXaLMLM Nme
Meds may be Pxena mrd A
mince. Som -, all shall won Summit
the City CGn<a d said SAW Mall,
ABbEILE COUNCILMEN NCM
M9u9aX l a oar d I
IGm January J. 1+M. Pryor mt d Inle;-I
a 1 ill elme d .rxin9 Me a
EILEEX P. PNIHNEY
mantis 1.
lgbfa. Meds d m[
.a memr.cwpmu a on id.
tl tl - be
r until.
Icy n ann II fimeallel Pati. MaN
a Yme
City Clerk,
d nN1UdlV of aura -lied ee" mofnall
Teat i Meds su meee
= are pre u II M1M ,
City d Cm+a Mew
Mntl nehrenle br
and
gpPon pfesenklun and veneer
eget n the al dem Marl
1 I ISEALI
OrS.
rgbbM Mf.0 pHSon
odg
such interest
at car to
Mel purpwo
Publipmetl lenge Cw51 Oa11Y Plld,.1
OR will
,iyeNNMv mryhe
.,M-r5repe5enliM
mpSe rveh 1.11 due
x!
d. principal all
ee, ell pY inning
Ma, err
HwanbN A. 10] 35M.A
parS.al
at ill dote d the pol0l sl al
New
R-`Sh'a� Served o , -ell be
en 0 Mrds err MY
o
E%N01T'4"
e a Sou IY n In, m.. -I b
b M' f liMary 1. 1911. all ahall
1 .
duerH1
dye. IoW ard do' -1 A fee mfEN-r
gOVPOx POND:
b } . IMibirws ad Ype. pay,
M.1 Inlet-fMprom Intl intim, paymMi
b pay Ih< interest naXId MMS
yHITID STATES OF NAFRICA
d Me [M1p- pG<nM In the OMIM
do. N[I .IM he dak ofeNMry
lolls due ell sVCM1 Dau
ei TTATE OF CALIFORNq
all prn 1 Mer end cen[elh
JI[Nron ,nereol now sum data "f
IM pnI¢ipal thereof as will became
COUNTY OF ORAN4E
d this DON. UWn such Ransil
aU entice im Is d Weeded payiM[
due but.- the Immods x d a lax levied
'll
CITY OF COSTA MESA
fully registered berM of N
tlfle. 'a whl<11 vent IM1ey MII hear
i, ihP next geniis. ter% IoW he
lX OPEN SPACE BONDS
willwut <mpon5. "1 me nets Se
intend' teem U[. tl... of a.Ihe"Ilca'im.
evailade' Saia tai illi. be In atldilihn
all d aunt -Tito dmaminalion
mi. h dale oI e.menfrcatim Is
slM1e
M all other I.... urged for municipal
NTI CITY OF COSTA MESA.
tlen-ninallons lar the more qNV
�pdm b flbt inhrtsi pay-<nl
PYrpous ard Nall M IwiM antl Glle[lM
bU 1M1
Uni<Ipal and"valla III as in ill
poinded. aTWnf will M IUU1a M
date, in whim event aeY SM1all Mir
ai ihn CiIV take& ill illi.
Cmnn d OranN, Stele M CalNwnla.
+ a brei In Hlcbnpe Mnl-.
1",are>t er- January 1. 1WIs NWldad.
M for"M H and pan in. A lard
FOR VALUE RECEIVED, her a by
TheCity a. In. Minelpid DR.
(however, Mat II. aI IM lime e' aa1Mm
of ,ne CII, to M 1. s C.TY
e[kMWl.9of its iMebiMMx ard Proud
"an,
Try treat me glSle ed
'he
HkNlm of m fully M i I hoed,
OF COSTA MESA 19IJ OPEN SPACE
'sea M say to the Mr Mrml
pasnr
-.or
MerM a pm emdula "
:1... Is In dexulr. mag I in
BONGS. INTEREST AHO REDEMPTION
se
for all P.M., and Me
uno fully, reading Mna Shell
mi Said fund snail be Ned for
the Wmdpel Paving agent Xatl
jbear !at allOwn ill intern, wvment
otM. pYep"sa Man SM Par.
W NktlM nonce Ie Me cone
by alry
rat. M whirn Imerd, nae -Mwsly
0 era borax and imaesl mttgn Pane
:
Dean wee or made alma-! Im Palmi-
IN Meda and lu ereu err. Wil, Pala.
the'INe. i'on1'am N-1111 rHwiai!
U .
rAn West
rlal a ll be
ugbt rmiMrlm nomas
p
PUBLIC'NOTIM
OOF ASMGHMENTI
r d e me eerraunee
.11, aanFn na nanHer
IF haroler 1M Mtnt
on the
tae Frindoel P-1. Ag -I
Feuer M suastltutlon In the
'(a) M IN, brPom
WI WithtM,came(s)
Ne N the WII..
n. mry wetl<ul.1
M.Femem or