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146 CITY GOVERNMENT FOR THE FUTUP
to by the voters, whether upon referendum pursuant to this subsection (e), or pursuant to any other provisions of this Section 146, then upon such proposition having
been so assented to, the said order shall take full and final effect, and the Board of
Harbor Commissioners may proceed in accordance with the provisions of this Section 146 and issue bonds within the terms of said order.
Subsec. (f). Determination and limitation of amounts of issues.
Subd. (1). Whenever the Harbor Department shall exercise the power to borrow money, or to refund indebtedness, pursuant to this Section 146, the Board of
Harbor Commissioners shall by order determine the amount or amounts required
for the purposes for which the money is to be borrowed or required for such refunding.
Subd. (2). Whenever the Harbor Department shall exercise the power to borrow money pursuant to this Section 146, the Board of Harbor Commissioners may
authorize the issuance of bonds in any amount which, when added to the aggregate
amount of bonds of the Harbor Department issued pursuant to this Section 146 and
outstanding at the time of the acceptance of a proposal for the purchase of the
bonds so authorized and payable out of the harbor revenue fund, shall not exceed
by more than 25% the amount of the surplus (including surplus arising from contributions in aid of construction) derived from the operation and conduct of the
Harbor Department, as of the end of the last fiscal year which ended not less than
four months prior to the making of the finding and determination provided for in
clause (i) of subdivision (1) of subsection (p) of this Section 146.
Subd. (3). The limitation prescribed in subdivision (2) of this subsection (f)
shall not be applicable to the issuance of any refunding bonds pursuant to this Section 146, and the amount of any issue of such refunding bonds may equal, but shall
not exceed, the amount required for the payment or redemption of the bonds to be
refunded thereby, including the premiums, if any, due upon such redemption, but
excluding any interest due upon such redemption.
Subd. (4). The limitation prescribed in subdivision (2) of this subsection (0
shall not be applicable to the issuance of any bonds whenever the proposition of
such issuance shall have been assented to by the voters.
Subd. (5). Any bond for the payment and discharge of which, upon maturity or
upon redemption prior to maturity, provision has been made through the setting
apart in a reserve fund or special trust account created pursuant to subsection (j) of
this Section 146 to insure the payment thereof, of moneys sufficient for that purpose, or through the irrevocable segregation for that purpose, in some sinking fund
or other fund or trust account of moneys sufficient therefor, shall be deemed to be
no longer outstanding within the meaning of any provision of this Section 146.
Subsec. (g). Bonds to be serial or sinking fund, and time of payment thereof.
Subd. (1). Except as otherwise shall have been assented to by the voters, each
issue of bonds issued pursuant to this Section 146, other than refunding bonds, shall
conform to the following requirements:
Cause (i)—such bonds shall be serial bonds or sinking fund bonds, or a combination of serial and sinking fund bonds;
Cause (ii)—provision shall be made for the retirement of such bonds through
annual payments on principal, and such payments shall begin not more than eight
years, and end not more than forty years, after the date of such bonds; and
Clause (iii)—the amounts of such annual payments on principal shall be such
that no such annual payment which shall become due eight years, or more, after the
date of such bonds shall be less than 50fc of any subsequent such annual payment.
Object Description
| Title | City government for the future, 1969-07 |
| Description | Section 2: City government for the future: report of the Los Angeles City Charter Commission. Los Angeles, California: Los Angeles City Hall, 1969 July. PART OF A SERIES: A critical component of the Commission's investigation centered on the idea that governance of the LAPD was shared between the Office of the Chief of Police, an administrative body, and the Board of Police Commissioners, a citizen body. To better understand the dynamic between these two entities, the staff of Heller, Ehrman, White, & McAuliffe researched the history of the Los Angeles City Charter, focusing primarily on its provisions regarding the distribution of power and the structure and organization of the LAPD. Included in the series are reproductions of reports, dissertations, article clippings, excerpts from city documents, and charter amendments related to the charter's conception and development over time. The series also includes several summaries of expert witness interviews regarding the effectiveness of this structure. |
| Coverage date | 1809; 1850/1974; 1984 |
| Publisher (of the original version) | Los Angeles City Hall |
| Place of publication (of the original version) | Los Angeles, California, USA |
| Publisher (of the digital version) | University of Southern California |
| Date issued | 1969-07 |
| Type | texts |
| Format | 253 p. |
| Format (aat) | reports |
| Format (imt) | application/pdf |
| Language | English |
| Contributing entity | University of Southern California |
| Part of collection | Independent Commission on the Los Angeles Police Department, 1991 |
| Series | Heller, Ehrman, White & McAuliffe |
| File | Los Angeles City document index |
| Box and folder | box 21, folder 7, item 3 |
| Provenance | The collection was given to the University of Southern California on July 31, 1991. |
| Rights | This work is licensed under a Creative Commons Attribution 4.0 International License. https://creativecommons.org/licenses/by/4.0/ All requests for permission to publish or quote from manuscripts must be submitted in writing to the Manuscripts Librarian. Permission for publication is given on behalf of Special Collections as the owner of the physical items and is not intended to include or imply permission of the copyright holder, which must also be obtained. |
| Physical access | Contact: Special Collections, Doheny Memorial Library, Libraries, University of Southern California, Los Angeles, CA 90089-0189; specol@dots.usc.edu |
| Repository name | USC Libraries Special Collections |
| Repository address | Doheny Memorial Library, Los Angeles, CA 90089-0189 |
| Repository email | specol@dots.usc.edu |
| Filename | indep-box21-07-03 |
Description
| Title | City government for the future, p. 159 |
| Format (imt) | image/tiff |
| Physical access | Contact: Special Collections, Doheny Memorial Library, Libraries, University of Southern California, Los Angeles, CA 90089-0189; specol@dots.usc.edu |
| Full text | 146 CITY GOVERNMENT FOR THE FUTUP to by the voters, whether upon referendum pursuant to this subsection (e), or pursuant to any other provisions of this Section 146, then upon such proposition having been so assented to, the said order shall take full and final effect, and the Board of Harbor Commissioners may proceed in accordance with the provisions of this Section 146 and issue bonds within the terms of said order. Subsec. (f). Determination and limitation of amounts of issues. Subd. (1). Whenever the Harbor Department shall exercise the power to borrow money, or to refund indebtedness, pursuant to this Section 146, the Board of Harbor Commissioners shall by order determine the amount or amounts required for the purposes for which the money is to be borrowed or required for such refunding. Subd. (2). Whenever the Harbor Department shall exercise the power to borrow money pursuant to this Section 146, the Board of Harbor Commissioners may authorize the issuance of bonds in any amount which, when added to the aggregate amount of bonds of the Harbor Department issued pursuant to this Section 146 and outstanding at the time of the acceptance of a proposal for the purchase of the bonds so authorized and payable out of the harbor revenue fund, shall not exceed by more than 25% the amount of the surplus (including surplus arising from contributions in aid of construction) derived from the operation and conduct of the Harbor Department, as of the end of the last fiscal year which ended not less than four months prior to the making of the finding and determination provided for in clause (i) of subdivision (1) of subsection (p) of this Section 146. Subd. (3). The limitation prescribed in subdivision (2) of this subsection (f) shall not be applicable to the issuance of any refunding bonds pursuant to this Section 146, and the amount of any issue of such refunding bonds may equal, but shall not exceed, the amount required for the payment or redemption of the bonds to be refunded thereby, including the premiums, if any, due upon such redemption, but excluding any interest due upon such redemption. Subd. (4). The limitation prescribed in subdivision (2) of this subsection (0 shall not be applicable to the issuance of any bonds whenever the proposition of such issuance shall have been assented to by the voters. Subd. (5). Any bond for the payment and discharge of which, upon maturity or upon redemption prior to maturity, provision has been made through the setting apart in a reserve fund or special trust account created pursuant to subsection (j) of this Section 146 to insure the payment thereof, of moneys sufficient for that purpose, or through the irrevocable segregation for that purpose, in some sinking fund or other fund or trust account of moneys sufficient therefor, shall be deemed to be no longer outstanding within the meaning of any provision of this Section 146. Subsec. (g). Bonds to be serial or sinking fund, and time of payment thereof. Subd. (1). Except as otherwise shall have been assented to by the voters, each issue of bonds issued pursuant to this Section 146, other than refunding bonds, shall conform to the following requirements: Cause (i)—such bonds shall be serial bonds or sinking fund bonds, or a combination of serial and sinking fund bonds; Cause (ii)—provision shall be made for the retirement of such bonds through annual payments on principal, and such payments shall begin not more than eight years, and end not more than forty years, after the date of such bonds; and Clause (iii)—the amounts of such annual payments on principal shall be such that no such annual payment which shall become due eight years, or more, after the date of such bonds shall be less than 50fc of any subsequent such annual payment. |
| Filename | indep-box21-07-03~159.tif |
| Archival file | Volume68/indep-box21-07-03~159.tif |
