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APPENDED A
151
of bonds for the purpose for which such bonds were issued is impracticable or unwise, the Board may:
Cause (i)—apply such money or any part thereof to the purchase of bonds of
that issue, or to the payment of any such bonds, at maturity or on redemption, or to
the payment of interest thereon or of premiums due on the redemption thereof; or
Cause (ii)—apply such money or any part thereof to any new purpose which is
within the purposes for which bonds might be issued under the terms of this Section
146; provided, however, that before applying any of such money to such new purpose the Board shall adopt an order specifying such new purpose, the amount of
such money to be applied thereto, and authorizing such application, which order
shall be subject to the same procedures, and take final effect only in the same manner, as if it were an order adopted pursuant to subdivision (1) of subsection (e) of
this Section 146, authorizing the issuance of bonds for such new purpose, and such
order authorizing such application to such new purpose, when it shall have taken
final effect under such procedures, shall be sufficient authority for the application of
such money to such new purpose.
Subd. (7). If any excess of the principal sum of the proceeds of any issue of
bonds shall remain unexpended after the full accomplishment of the purpose for
which such bonds were issued, the Board, by order, may direct that the same shall
be applied to the purchase of bonds of that issue, or to the payment of any such
bonds, at maturity or on redemption, or to the payment of interest thereon or of
premiums due on the redemption thereof, or, subject to the procedure set forth in
clause (ii) of subdivision (6) of this subsection, that it shall be transferred to the
harbor revenue fund and may thereupon be appropriated and used for any of the
purposes provided for in Section 5.28 of this charter.
Subsec. (1). Money in reserve funds, separate funds or trust accounts may be
invested.
Subd. (1). Pending use for the purposes for which any reserve fund or special
trust account established pursuant to subsection (j), or any separate fund established pursuant to subsection (k) of this Section 146 was so established, money set
aside and placed therein may, when and to such extent and in such manner as may
be directed by the said Board of Harbor Commissioners and as may be consistent
with the provisions of any orders of said Board constituting a part of the proceedings for the issuance of the issue of bonds in connection with which such fund or account was created, be invested in bonds or other evidences of indebtedness of the
United States, the State of California, or of any political subdivision thereof, or of
the Harbor Department. Any such bonds or other evidences of indebtedness acquired through such investment may be resold at any time. In making any such investment in, or sale of, bonds the Board shall, if practicable, obtain or cause to be
obtained competitive bids, formal or informal, for the sale or purchase of such
bonds.
Subd. (2). Any bonds or other securities so purchased shall constitute a part of
such reserve fund, special trust account or separate fund, and any interest or any increment received by reason of such investment and the proceeds of any such resale
shall be placed in, and constitute a part of, such fund or account.
Subsec. (m). Obligations to Bondholders.
Subd. (1). So long as any bonds of the Harbor Department payable out of the
harbor revenue fund shall be outstanding and unpaid, or so long as provision has
not been made for the full payment and discharge of all such outstanding bonds,
upon maturity, or upon redemption prior to maturity, through the setting apart in a
reserve fund or special trust account created pursuant to subsection (j) of this Sec-
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. 164 |
| 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 | APPENDED A 151 of bonds for the purpose for which such bonds were issued is impracticable or unwise, the Board may: Cause (i)—apply such money or any part thereof to the purchase of bonds of that issue, or to the payment of any such bonds, at maturity or on redemption, or to the payment of interest thereon or of premiums due on the redemption thereof; or Cause (ii)—apply such money or any part thereof to any new purpose which is within the purposes for which bonds might be issued under the terms of this Section 146; provided, however, that before applying any of such money to such new purpose the Board shall adopt an order specifying such new purpose, the amount of such money to be applied thereto, and authorizing such application, which order shall be subject to the same procedures, and take final effect only in the same manner, as if it were an order adopted pursuant to subdivision (1) of subsection (e) of this Section 146, authorizing the issuance of bonds for such new purpose, and such order authorizing such application to such new purpose, when it shall have taken final effect under such procedures, shall be sufficient authority for the application of such money to such new purpose. Subd. (7). If any excess of the principal sum of the proceeds of any issue of bonds shall remain unexpended after the full accomplishment of the purpose for which such bonds were issued, the Board, by order, may direct that the same shall be applied to the purchase of bonds of that issue, or to the payment of any such bonds, at maturity or on redemption, or to the payment of interest thereon or of premiums due on the redemption thereof, or, subject to the procedure set forth in clause (ii) of subdivision (6) of this subsection, that it shall be transferred to the harbor revenue fund and may thereupon be appropriated and used for any of the purposes provided for in Section 5.28 of this charter. Subsec. (1). Money in reserve funds, separate funds or trust accounts may be invested. Subd. (1). Pending use for the purposes for which any reserve fund or special trust account established pursuant to subsection (j), or any separate fund established pursuant to subsection (k) of this Section 146 was so established, money set aside and placed therein may, when and to such extent and in such manner as may be directed by the said Board of Harbor Commissioners and as may be consistent with the provisions of any orders of said Board constituting a part of the proceedings for the issuance of the issue of bonds in connection with which such fund or account was created, be invested in bonds or other evidences of indebtedness of the United States, the State of California, or of any political subdivision thereof, or of the Harbor Department. Any such bonds or other evidences of indebtedness acquired through such investment may be resold at any time. In making any such investment in, or sale of, bonds the Board shall, if practicable, obtain or cause to be obtained competitive bids, formal or informal, for the sale or purchase of such bonds. Subd. (2). Any bonds or other securities so purchased shall constitute a part of such reserve fund, special trust account or separate fund, and any interest or any increment received by reason of such investment and the proceeds of any such resale shall be placed in, and constitute a part of, such fund or account. Subsec. (m). Obligations to Bondholders. Subd. (1). So long as any bonds of the Harbor Department payable out of the harbor revenue fund shall be outstanding and unpaid, or so long as provision has not been made for the full payment and discharge of all such outstanding bonds, upon maturity, or upon redemption prior to maturity, through the setting apart in a reserve fund or special trust account created pursuant to subsection (j) of this Sec- |
| Filename | indep-box21-07-03~164.tif |
| Archival file | Volume68/indep-box21-07-03~164.tif |
