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164 %W ^^ CITY GOVERNMENT FOR THE FUT.URE
such extent as may be required or permitted under the terms of the resolution authorizing that issue; and
Cause (2)—that all money remaining in any such fund or account in excess of
the amount required to make provision for the payment in full of the principal of,
and interest on, the bonds with respect to which it was established, including premiums, if any, due upon the redemption of any thereof, may be returned and transferred to the revenue fund out of which such reserve fund was established.
Subd. (c). Money in any such reserve fund shall be drawn therefrom only upon
demands authenticated by the signature of the chief accounting employee of the
Department: provided, however, that the Board may, in its discretion, direct and
authorize the payment from such reserve fund, by the Treasurer, without such authenticated demand, (i) of bonds of the issue in connection with which such reserve
fund is so established when due upon maturity or call, or of coupons pertaining to
bonds of such issue when due, but only upon presentation and surrender of such
bonds or coupons, (ii) of interest upon registered bonds of such issue when due, or
(iii) of premiums, if any, due upon the redemption of any such bonds.
Subd. (d). Money in any such special trust account shall be drawn therefrom
only in accordance with directions given or authorized by the Board.
Sub-sec. 11. Application of proceeds of sale of bonds.
Subd. (a). All sums received as premiums or accrued interest on the sale of any
issue of bonds issued pursuant to this Section 229 shall be applied to the payment of
interest on or principal of bonds of that issue.
Subd. (b). AH sums received as principal on the sale of any issue of bonds shall
be applied to the purposes for which such bonds were issued.
Subd. (c). The Board may from time to time establish and maintain a separate
fund or funds in the Gty Treasury for the purpose of insuring the application of
such proceeds received as principal on the sale of any issue of bonds to the purposes
for which the same were issued.
Subd. (d). Money set aside and placed in any such separate fund shall remain
therein until from time to time expended for the purposes for which such bonds
were issued, including the reimbursement of other funds of the Department for expenditures therefrom for purposes for which such bonds were issued, made after
such issuance was authorized, and shall not be used for any other purpose whatsoever,
except for temporary investment thereof as provided in Subsection 12 of this Section
229; provided, however, that money may be paid or transferred from any such separate fund, in furtherance of the purpose of its establishment, to any other such separate fund established for a like purpose in connection with the same issue of bonds.
Subd. (e). Money in any such separate fund shall be drawn therefrom only
upon demands authenticated by the signature of the chief accounting employee of
the Department
Subd. (0. If the Board shall determine by resolution that the expenditure of the
whole or any portion of the said principal sum of any issue of bonds for the purpose
for which such bonds were issued is impracticable or unwise, the Board may—
Cause (1)—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 (2)—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
229; provided, however, that before applying any of such money to such new purpose the Board shall adopt a resolution specifying such new purpose, the amount of
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. 177 |
| 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 | 164 %W ^^ CITY GOVERNMENT FOR THE FUT.URE such extent as may be required or permitted under the terms of the resolution authorizing that issue; and Cause (2)—that all money remaining in any such fund or account in excess of the amount required to make provision for the payment in full of the principal of, and interest on, the bonds with respect to which it was established, including premiums, if any, due upon the redemption of any thereof, may be returned and transferred to the revenue fund out of which such reserve fund was established. Subd. (c). Money in any such reserve fund shall be drawn therefrom only upon demands authenticated by the signature of the chief accounting employee of the Department: provided, however, that the Board may, in its discretion, direct and authorize the payment from such reserve fund, by the Treasurer, without such authenticated demand, (i) of bonds of the issue in connection with which such reserve fund is so established when due upon maturity or call, or of coupons pertaining to bonds of such issue when due, but only upon presentation and surrender of such bonds or coupons, (ii) of interest upon registered bonds of such issue when due, or (iii) of premiums, if any, due upon the redemption of any such bonds. Subd. (d). Money in any such special trust account shall be drawn therefrom only in accordance with directions given or authorized by the Board. Sub-sec. 11. Application of proceeds of sale of bonds. Subd. (a). All sums received as premiums or accrued interest on the sale of any issue of bonds issued pursuant to this Section 229 shall be applied to the payment of interest on or principal of bonds of that issue. Subd. (b). AH sums received as principal on the sale of any issue of bonds shall be applied to the purposes for which such bonds were issued. Subd. (c). The Board may from time to time establish and maintain a separate fund or funds in the Gty Treasury for the purpose of insuring the application of such proceeds received as principal on the sale of any issue of bonds to the purposes for which the same were issued. Subd. (d). Money set aside and placed in any such separate fund shall remain therein until from time to time expended for the purposes for which such bonds were issued, including the reimbursement of other funds of the Department for expenditures therefrom for purposes for which such bonds were issued, made after such issuance was authorized, and shall not be used for any other purpose whatsoever, except for temporary investment thereof as provided in Subsection 12 of this Section 229; provided, however, that money may be paid or transferred from any such separate fund, in furtherance of the purpose of its establishment, to any other such separate fund established for a like purpose in connection with the same issue of bonds. Subd. (e). Money in any such separate fund shall be drawn therefrom only upon demands authenticated by the signature of the chief accounting employee of the Department Subd. (0. If the Board shall determine by resolution that the expenditure of the whole or any portion of the said principal sum of any issue of bonds for the purpose for which such bonds were issued is impracticable or unwise, the Board may— Cause (1)—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 (2)—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 229; provided, however, that before applying any of such money to such new purpose the Board shall adopt a resolution specifying such new purpose, the amount of |
| Filename | indep-box21-07-03~177.tif |
| Archival file | Volume68/indep-box21-07-03~177.tif |
