CC RESOLUTION 12046644
RESOLUTION NO. 1204
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,
of the City of E1 Segundo, being bonds Nos. 51 to 100, inclusive,
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 Segun-
do, DOES HEREBY RESOLVE, DETERMINE AND ORDER as follows:
Section 1. That the bid of BANK OF AMERICA N.T. & S.A.
offering par, accrued interest to date of delivery and a premium
of $79.00 for said bonds to bear interest at the rate of 2k% per
annum, payable semiannually 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 re-
spective bidders.
Section 3. That the interest rate on said bonds is here-
by fixed at the rate stated in Section 1 hereof.
Section 4. The City Treasurer is hereby directed to de-
liver 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 12th day of December,
1951.
ATTEST: Mayor Gity � l Segundo,
Califor
City Clerk of the Ci of
E1 Segundo, Californ a
(SEAL)
6r-4.5
STATE OF CALIFORNIA, )
COUNTY OF LOS ANGELES, ) SS.
CITY OF EL SEGUNDO. )
I. Neva M. Elsey, 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. 1204, 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 12th day of
December, 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;
1BSENT: Councilmen None.
WITNESS my hand and the official seal of said City this
12th day of December, 1951.
City lrk of the C y of
E1 Segundo, Calif nia.
(SEAL)