CC RESOLUTION 12711 a
RESOLUTION NO. 127.
A RESOLUTION OF THE BOARD OF TRUSTEES OF
TEE: CITY OF EL SEGUNDO, CALIFORNIA, AWARDING
TO ARONSON & COMPANY OF LOS ANGELES, CALI-
FORNIA, • "10,000.00 PAR VALUE WATER STORKS
BONDS, ELECTION 1922, OF THE CITY OF EL
SEGUNDO, CALIFORNIA.
WHEREAS, the Board of Trustees of the City of
E1 Segundo has heretofore received a sealed proposal or
bid pursuant to advertisement requesting sealed proposals
or bids for the bonds hereinafter referred to, duly pub-
lished in the El Segundo Herald, for $10,000.00 par value,
Water Works Bonds of said city, Election 1922, with maturi-
ties as hereinafter stated;
AND, WHEREAS, at the time for receiving such
sealed proposals or bids only one proposal was received,
to-wit, the proposal of Aronson & Company, hereinafter re-
ferred to;
AND, WHEREAS, said proposal is the highest and
best bid received for said bonds offered;
NOW, THEREFORE, BE IT RESOLVED, that the bid of
Aronson & Company of Los Angeles, California., offering the
sum of par .$10,000.00, plus accrued interest to date of
delivery , plus a premium thereover of the sum of $255.00
for the $10,000.00 par value of the $200,000.00 par value
City of E1 Segundo Water Works Bonds, Election 1922, of the
denomination of $1,000.00 each, dated January 2, 1923, said
bonds representing said $10,000.00 par value being numbered
from 151 to 160, both inclusive, and maturing two thereof
Numbers 151 and 152 on the 2nd day of January, 1949, and
eight thereof Numbers 153 to 160, both inclusive, on the
2nd day of January, 1950, bearing interest at the rate of
five per cent (5 %) per annum, payable semi - annually (being
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part of the authorized issue of $200,000.00 Water Works
Bonds, Election 1922 of the City of E1 Segundo, California),
be and the same is hereby accepted by the City of E1
Segundo, California, and that the said $10,000.00 par value
Water Works Bonds, Election 1922 of said City, be, and the
same are hereby sold to said bidder, Aronson & Company, at
the price of par ($10,000.00) and accrued interest to date
of delivery, plus a premium thereover of $255.00, said
bonds to be delivered as soon as practicable;
AND, BE IT FURTHER RESOLVED, that the Board of
Trustees of said City does hereby determine that said
$10,000.00 par value of said bonds shall be sold to said
Aronson & Company, in the manner and at the price as here -
inabove set forth, and said board does hereby confirm the
said sale in the manner herein set forth;
AND, BE IT FURTHER RESOLVED, that the City Clerk
be and he is hereby authorized and instructed to enter this
resolution in the Book of Resolutions of the said City of
E1 Segundo, and make a minute of the passage and adoption
thereof in the minutes of the meeting of the Board of Trus-
tees of said City at which the same is passed and adopted.
Passed, approved and adopted this 19th day of
February, A. D., 1926.
President of card of Trustees
of the City of E1 Segundo, California
EST:
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STATE OF CALIFORNIA )
)
COUNTY OF LOS ANGELES ) SS.
)
CITY OF EL SEGUNDO )
I, Victor D. McCarthy, City Clerk of the City of
E1 Segundo, California, do hereby certify that the whole
number of members of the Board of Trustees of the said city
is five; that the foregoing resolution, being Resolution
No. 127, was passed and adopted by the said Board of Trus-
tees, approved and signed by the President of said Board,
and attested by the City Clerk of said City, all at a
regular meeting of the said Board held on the 19th day
of February, 1926, and that the same was so passed and
adopted by the following vote:
AYES: TRUSTEES Anderson, Cannon, Gerow, Love and Binder;
NOES: TRUSTEES None;
ABSENT :TRUSTEES None.
( SEAL)
Call fo=ia. y
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