CC RESOLUTION 1136634'
RESOLUTION NO. 1136.
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EL
SEGUNDO AWARDING BONDS OF SAID CITY TO BEST BIDDER.
WHEREAS, at the time and place fixed for the opening of bids
for the $50,000 WATERWORKS BONDS, ELECTION 1948, SERIES 3, 1951,
of the City of El Segundo, 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, DETERMINE AND ORDER as follows:
Section 1. That the bid of WEEDEN & CO. offering par, accrued
interest to date of delivery and a premium of $41.00 for said bonds,
being Bonds Nos. 1 to 50, inclusive, to bear interest at the rate
of 2% 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 is hereby
fixed at the rate stated in Section 1 hereof.
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 APPROVED this 4th day of April, 1951.
Mayor of the City of
ATTEST: El Segundo, Californi .
Victor D. McCarth
City Clerk of the ity
of E1 Segundo, California,
By
Deputy.
(SEAL) —1—
STATE OF CALIFORNIA, )
COUNTY OF LOS ANGELES,) SS.
CITY OF EL SEGUNDO. )
63-4i
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 said City is five; that the foregoing resolution,
being Resolution No. 1136, 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 4th day of April, 1951, and that the same was so
passed and adopted by the following vote :
AYES: Councilmen Gordon, Peterson, Swanson, Thompson and
Mayor Selby;
NOES: Councilmen None;
ABSENT: Councilmen None.
WITNESS my hand and the official seal of said City this 4th day
of April, 1951.
VICTOR D. McCARTHY,
City Clerk of the City of
E1 Segundo, California,
(S*AL) Deputy City .
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