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APPENDIX A MM flB 153
Subsec. (n). Consents of bondholders.
, Subd. (1). Any act consented to by the holders of 60% in aggregate principal
amount of the outstanding bonds (exclusive of any bonds held by the city or any
department or fund of the city) of any issue of bonds issued under this Sec_on 146,
pursuant to provisions for such consents contained in any order of the Board of
Harbcrr Commissioners constituting a part of the proceedings for the issuance of
such bonds, shall not as to the bonds of that issue, be deemed an infringement of
any of the provisions of subsection (m) of this Section 146, or of any covenant
made pursuant thereto, whatever the character of such act may be.
Subd. (2). In any case where sinking fund bonds shall have been issued under
this Section 146, and where any order of the Board of Harbor Commissioners constituting a part of the proceedings for the issuance of such bonds shall have provided
that any annual payment into the sinking fund, or the application of money in said
sinking fund to any annual or other retirement of such bonds, required by the terms
of their issuance, might be omitted, postponed or reduced in amount if consented to
by the holders of 60% in aggregate principal amount of the outstanding bonds (exclusive of any bonds held by the city or any department or fund of the city) of that
issue, pursuant to provisions for such consents contained in any such order, and
where such omission, postponement or reduction has been so consented to, such
omission, postponement or reduction shall not be deemed an infringement of any
provision of this Section 146, or of any order under which such bonds may have
been issued.
Subsec. (o). Orders authorizing bonds constitute enforceable contracts.
The provisions of any order of the Board of Harbor Commissioners constituting a
part of the proceedings for the issuance of any bonds under this Section 146, when
so declared by its terms, or by the terms of any other such order, shall constitute a
contract between the Harbor Department and the holders of such bonds, and the
provisions thereof shall be enforceable by mandamus or any other appropriate suit,
action or proceeding at law or in equity in any court of competent jurisdiction.
Subsec. (p). Determination of facts and findings by Board.
Subd. (1). After accepting a proposal for the purchase of each issue of bonds to
be issued pursuant to this Section 146 (except in the case of the exchange of refunding bonds for bonds to be refunded thereby, in which case it shall be after authorizing such exchange) and prior to the issuance thereof, the Board of Harbor
Commissioners, after satisfying itself respecting the revelant facts, shall, by order,
find and determine:
Cause (i)—the amount of 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 such finding and determination, and that the ascertainment of
such surplus has been in accordance with sound accounting practices; provided,
however, that such finding and determination need not be made in the case of the
authorization of refunding bonds, or in any case where the voters have assented to
the issuance of bonds in excess of the limitation specified in subdivision (2) of subsection (0 of this Section 146;
Clause (ii)—that the amount of bonds of the Harbor Department payable out of
the harbor revenue fund and outstanding at the time of the acceptance of such proposal does not exceed an amount stated in said finding and determination; subject,
however, to the same proviso as in the next preceding clause (i);
Cause (iii)—that the order or orders authorizing such issue of bonds in all respects conforms or conform with the provisions of this Section 146;
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. 166 |
| 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 | APPENDIX A MM flB 153 Subsec. (n). Consents of bondholders. , Subd. (1). Any act consented to by the holders of 60% in aggregate principal amount of the outstanding bonds (exclusive of any bonds held by the city or any department or fund of the city) of any issue of bonds issued under this Sec_on 146, pursuant to provisions for such consents contained in any order of the Board of Harbcrr Commissioners constituting a part of the proceedings for the issuance of such bonds, shall not as to the bonds of that issue, be deemed an infringement of any of the provisions of subsection (m) of this Section 146, or of any covenant made pursuant thereto, whatever the character of such act may be. Subd. (2). In any case where sinking fund bonds shall have been issued under this Section 146, and where any order of the Board of Harbor Commissioners constituting a part of the proceedings for the issuance of such bonds shall have provided that any annual payment into the sinking fund, or the application of money in said sinking fund to any annual or other retirement of such bonds, required by the terms of their issuance, might be omitted, postponed or reduced in amount if consented to by the holders of 60% in aggregate principal amount of the outstanding bonds (exclusive of any bonds held by the city or any department or fund of the city) of that issue, pursuant to provisions for such consents contained in any such order, and where such omission, postponement or reduction has been so consented to, such omission, postponement or reduction shall not be deemed an infringement of any provision of this Section 146, or of any order under which such bonds may have been issued. Subsec. (o). Orders authorizing bonds constitute enforceable contracts. The provisions of any order of the Board of Harbor Commissioners constituting a part of the proceedings for the issuance of any bonds under this Section 146, when so declared by its terms, or by the terms of any other such order, shall constitute a contract between the Harbor Department and the holders of such bonds, and the provisions thereof shall be enforceable by mandamus or any other appropriate suit, action or proceeding at law or in equity in any court of competent jurisdiction. Subsec. (p). Determination of facts and findings by Board. Subd. (1). After accepting a proposal for the purchase of each issue of bonds to be issued pursuant to this Section 146 (except in the case of the exchange of refunding bonds for bonds to be refunded thereby, in which case it shall be after authorizing such exchange) and prior to the issuance thereof, the Board of Harbor Commissioners, after satisfying itself respecting the revelant facts, shall, by order, find and determine: Cause (i)—the amount of 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 such finding and determination, and that the ascertainment of such surplus has been in accordance with sound accounting practices; provided, however, that such finding and determination need not be made in the case of the authorization of refunding bonds, or in any case where the voters have assented to the issuance of bonds in excess of the limitation specified in subdivision (2) of subsection (0 of this Section 146; Clause (ii)—that the amount of bonds of the Harbor Department payable out of the harbor revenue fund and outstanding at the time of the acceptance of such proposal does not exceed an amount stated in said finding and determination; subject, however, to the same proviso as in the next preceding clause (i); Cause (iii)—that the order or orders authorizing such issue of bonds in all respects conforms or conform with the provisions of this Section 146; |
| Filename | indep-box21-07-03~166.tif |
| Archival file | Volume68/indep-box21-07-03~166.tif |
