CC RESOLUTION 918RESOLUTION NO.9is
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF EL SEGUNDO AWARDING $85,000.00
SEWER BONDS, ELECTION 1925, OF SAID CITY,
TO THE BEST BIDDER.
WHEREAS, at the time and place fixed for the
opening of bids for the $85,000.00 SEWER BONDS, Election
1925, of the City of EL Segundo, being bonds numbered
291 to 375, inclusive, all bids were publicly opened, examined
and read, and a tabulation thereof has been entered in the
minutes; and
WAEREAS, the bid of the bidder hereinafter named
is the highest and best bid made by a responsible bidder
for said bonds;
NOW, TtiEREFORE, the City Council of the City of
E1 Segundo DOES HEREBY RESOLVE, DETERMINE AND ORDER as
follows:
Section 1. That the -bid of CALIFORNIA BANK
offering par, accrued interest to
premium of $927.00 for said bonds
rate of 2 1/2% per annum, payable
highest and beet bid for said bon
accepted and the bonds awarded to
with the terms of its proposal.
date of delivery and a
to bear interest at the
semiannually is the
Is. Said bid is hereby
said bidder in accordance
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 cheeks accompanying said
rejected bids to the respective bidders.
Section 3. That the interest raze on said bonds
be and it hereby is fixed at 2 1/2% per annum, payable
semiannually.
1.
Section 4. The City Treasurer is hereby directed
to deliver said bonds to the successful bidder upon the
payment of par, accrued interest to date of delivery and
the premium above stated.
ADOPTED, SIGNED AND Ai'PROVED this 21st day of
January, 1948.
Mayor of the City of E1 egiuzdo,
Cal iforn .
STATE OF CALIFORNIA, )
COUNTY OF LOS ANGELES, ) SS.
CITY OF EL SEGUz4DO. )
I, Victor D. McCarthy, City Clerk of the City of
El Segundo, California, do hereby certify that the whole
number of members of the City Council of the said city is
five; that the foregoing resolution, being Resolution No.
_91_s, 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 Council held on the 21st day of January, A. D., 1948,
and that the same was passed and adopted by the following
vote, to wit:
AYES: Councilmen Baker. Peterson, Skelley. Thompson
and Mayor Selby
NOES: Councilmen None ;
ABSENT: Councilmen
(SEAL)
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