CC RESOLUTION 627RESOLUTION NO. 627
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF EL SEGUNDO, CALIFORNIA, RELATING
TO PAYROLL ALLOTMENT AUTHORIZATIONS FOR
PURCHASE OF UNITED STATES SAVINGS BONDS.
WHEREAS, various officers and employees of the
City of El Segundo, California, are cooperating with the
Government of the United States of America in the present
emergency by executing and delivering "Payroll Allotment
Authorizations for Purchase of United States Series E
Savings Bonds" under the plan evolved by the Federal
Government for payroll allotments for the purchase of
such bonds;
AND, WHEREAS, various of such employees will be
executing and delivering to the Accounting Department of
said City the payroll allotment cards furnished in connec-
tion with said plan;
AND, WHEREAS, this Council is in entire sympathy
with the said plan and desires to expedite the same and set
up a procedure which will assist in accomplishing the pur-
poses of the said plan;
NOW, THEREFORE, BE IT RESOLVED AND ORDERED by the
City Council of the City of E1 Segundo, California, as follows:
First: That there shall be and there is hereby
created a fund in the records and accounts of said
City which shall be known and designated as "United
States Savings Bonds Allotment Fund ".
Second: That the City Clerk and each and all of
the officers, agents, servants and employees of said
City having charge of the general handling of such
matters are hereby authorized, instructed and directed
to receive from the various officers and employees of
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said City the "PAYROLL ALLOTMENT AUTHORIZATION FOR
PURCHASE OF UNITED STATES SERIES E SAVINGS BONDS"
cards on the forms provided for such payroll allot-
ments and deductions by the Federal Government and
to retain such cards in the files and records of said
City pertaining to the office in which the same are
filed.
Third: That in accordance with instructions
given by said various officers and employees of said
City in such cards the City Clerk and all other officers,
agents, servants and employees of said City charged
with the handling of payroll demands and warrants are
hereby authorized, instructed and ordered to deduct
from the respective salaries or compensations of the
respective officers and employees of said City so filing
such cards the amounts respectively set forth in such
cards from the respective salaries or remunerations
payable or which may hereafter become payable to such
respective officers and employees and to credit the
amount of such deductions so made to said fund here -
inabove created in paragraph First of this resolution,
drawing the payroll or compensation warrant for the
balance payable to any such officer or employee after
such deduction has been made.
Fourth: That the amount of said respective
deductions shall be placed in said fund hereinabove
created to the credit of said respective officers and
employees in proportion as they make contributions
thereto as represented by such deductions.
Fifth: That the City Clerk and all other officers,
servants, agents and employees of said City having
charge and jurisdiction of such matters are hereby
authorized and ordered out of the funds accumulated
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In said fund hereinabove created to purchase for
the respective officers and employees so contribut-
ing to said fund by way of such deductions United
States Series E Savings Bonds in an amount equivalent
to their respective contributions to said fund as re-
presented by such deductions and upon receipt of such
bonds to make delivery thereof to the respective per.
sons entitled thereto taking their respective receipts
therefor which said receipts shall be preserved as
records of the City.
Sixth: That any and all deductions so made and
paid into said fund and any and all bonds purchased
with the proceeds of such deductions shall be and
shall be deemed and held to be payment of compensation
to such respective officers and employees to the extent
of the cost of any such bonds so purchased and delivered.
In the event of the cancellation or termination of the
authority represented by any such card or in the event
the service of any such officer or employee with the
City is terminated at a time when there remains to his or
her credit in said fund an amount which is not sufficient
to purchase one of said bonds in accordance with his or
her instructions as given on his or her card then and
in that event a warrant upon said fund may be drawn by
said City Clerk and presented to this Council for its
consideration. The Council reserves the right in any
and all such cases to approve any such warrant reps.
senting any such balance and upon such approval the
amount indicated therein shall be paid to such officer
or employee and this arrangement as to any such officer
or employee shall terminate unless a new card is filed
thereafter.
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Seventh: That the Council reserves the right
to amend or alter the arrangement and plan herein -
above contemplated and set forth at any time in its
discretion and to terminate said arrangement at any
time that the Council may find it necessary or advis-
able so to do. In the event of any such termination
any balances then remaining in said fund shall be
paid by proper warrants to the respective parties
lawfully entitled to the same.
Eighth: In the event that an officer or employee
has signed a card providing for a deduction on a re-
gular payroll period or otherwise and at the time such
deduction is to be made no moneys, on account of absence
from duty or otherwise, are payable to such officer or
employee, or in the event that the amount so payable
is only 75% or less of the normal City pay of any such
officer or employee then and in either of said events
the deduction for any such payroll or compensation
period shall be waived and said employee shall be paid
the amount, if any, of his or her earnings.
Ninth: That for the purpose of carrying this plan
into immediate and continuing operation and execution
the City Clerk of said City, or his authorized repre-
sentative, is hereby authorized and directed to prepare
and present to the Council any and all demands, warrants
and instruments necessary to provide for the purchase
of any bonds to be purchased under said plan which
said warrants, when approved, shall be delivered to
the City Treasurer who is hereby authorized and directed
to take such proceedings and perform such action as may
be necessary for the purchase of such respective bonds
and such Treasurer is further authorized and directed
to make delivery of such respective bonds when so pur-
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chased to the respective parties entitled thereto
taking their receipts therefor as hereinabove con-
templated.
That this resolution shall take effect immediately.
That the City Clerk shall certify to the passage
and adoption of this resolution; shall cause the same to
be entered in the book of resolutions of said City and
shall make a minute of the passage and adoption thereof in
the records of the proceedings of the City Council of said
City in the minutes of the meeting at which the same is
passed and adopted.
Passed, approved and adopted this loth day of
September, A. D., 1942.
ATTTZ T
Gitie Clerk
(SEAT.)
Mayor-A d
of the l ty o El Segundo,
California.
s..
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 City Council of the said City 1s
five; that the foregoing resolution, being Resolution No.
627 , was duly passed and adopted by the said City Council,
approved and signed by the Mayor of said City and attested
by the City Clerk of said City, all at a_ regllar
meeting of the said Council held on the lotih day of
September, A. D., 1942, and that the same was so passed
and adopted by the following vote:
AYES: Councilmen .lesser, 1'eterson, Selby and
Kavor Love ;
NOES: Councilmen cerow
ABSENT: Councilmen hone
ity Clerk of the City
E1 Segundo, California.
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