CC RESOLUTION 833pti
RESOLUTION NO. 833
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF EL SEGUNDO, AWARDING $70,000
CITY OF EL SEGUNDO SEWER BONDS, ELECTION
1925, TO THE BEST BIDDER,
WHEREAS, at the time and place fixed for the
opening of bids for the additional $70,000 City of E1 Segundo
Sewer Bonds, Election 1925, all bids were publicly opened,
examined, and read and a tabulation thereof has been entered
in the minutes; and
WHEREAS, the bid of the bidder hereinafter named
is the highest and best bid made by a responsible bidder
for said bonds
NOW, THEREFORE, the City Council of the City of
E1 Segundo does hereby resolve and determine as follows:
SECTION 1. That the bid of BANK. OF AMERICA
NATIONAL TRUST & SAVINGS ASSOCIATION offering par, accrued
Interest to date of delivery and a premium of 4599.00 for
said bonds to bear interest at the rate of it% per annum,
payable semi — annually, is the highest and best bid for
said bonds. Said bid is hereby accepted and the bonds
awarded to said bidder in accordance with the terms of
its proposal.
SECTION 2. That all bids, other than the one
accepted in Section 1 hereof, are rejected and the City
Clerk is directed to return the checks accompanying said
rejected bids to the respective bidders.
SECTION 3. That the interest rate on said bonds
be and it hereby is fixed at I *% per annum, payable semi-
annually.
SECTION 4. The City Treasurer is hereby directed
to deliver said bonds to the successful bidder upon the
I.
payment of par, accrued interest to date of delivery,
and the premium above stated.
ADOPTED, SIGNED AND APPROVED this 5th day of
June, A. D., 1946.
Mayor of the City of Segundo,
Californi
STATE OF CALIFORNIA,
COUNTY OF LOS ANGELES, $S.
CITY OF EL SEGUNDO. )
I, Victor D. McCarthy, City Clerk of the City
of E1 Segundo, California, do hereby oertify tnat the
whole number of members of the City Council of the said
city is five; that the foregoing resolution, being
Resolution No. 833, was 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 regular meeting of the said City Council held on the
5th day of June,A D., 1946, and that the same was so passed
and adopted by the following vote, to -wit:
AYES: Councilmen Baker, Peterson, Thompson and Mayor Selby;
NOES: Councilmen None;
ABSEtaT: Councilman Skelley.
(SEAL)
El Segundo,
2.
of
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