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CC RESOLUTION 1904O..:Sa RESOLUTION 130. 1901 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EL SEGUNDO, CALIFORNIA CANCELING RESOLUTION NO. 1357 WHICH ADOPTED A SPE- CIFIC SYSTEM OF GROUP LIFE INSURANCE FOR THE BENEFIT OF OFFICERS AND EMPLOYEES OF SAID CITY. WHEREAS, by Resolution No. 1357 adopted October 7, 1953 pursuant to the provisions of Chapter 2 of Part 1 of Division 2 of Title 5 of the Government Code of the State of California, as amended, the City Council of the City of El Segundo did adopt and effect a system of group life insurance for the benefit of its officers and employees who elected to accept the benefits thereof; and WHEREAS, after a lengthy period of utilization of said system the two participating municipalities, namely, the City of Manhattan Beach and the City of El Segundo, by resolu- tions duly made, have found and determined it to be in the best interests of the respective municipalities, and the employees thereof, that the continued employment of said system is not merited and is not in the best interests of those for whom the system was intended; and WHEREAS, the two said cities comprising the Associa- tion of California Cities Insurance Trust Fund committee, further have taken all steps necessary to the termination of said agree - ment,and the funds held and administered by said trust have been distributed in accordance with the terms of said agreement and pursuant to the terms of trust related to dissolution, and there remains nothing further to be done to accomplish a complete termina- tion and dissolution of said Association. NOW, THEREFORE, BE IT RESOLVED that said Resolution No. 1357 be, and the same is hereby cancelled and rescinded and all authority thereunder created is terminated effective upon the adoption of this resolution. M� SECTION 1. That this resolution shall take effect immediately. SECTION 2. That the City Clerk shall certify to the passage and adoption of this resolution; shall enter the same 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 25th day of January, 1960. ATTEST: City Clerk (SEAL) Mayor of the City of El Segundo, pro tem California - 2 - STATE OF CALIFORNIA COUNTY OF LOS ANGELES i SS. CITY OF EL SEGUNDO ------ EUNICE- U. CREASON- --- --- ------ ---- -- 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 -------- r_es01u1;a QU - ...... I being .... -..... RESQI. UTI QSI-- NO.___1944-------------- 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 . 25th-- ....... day of ......... darwa. ry., ............... ------------ 19- -60- -, and that the same was so passed and adopted by the following vote AYES Councilmen ----- Erederick,-- Meschuk -,.- and.Mayar--- pr- a - -tem Baker --- -- ----------------- ---- --- ---------- --- --- - -- ------------ ----------------------- NOES Councilmen... ----- N,=e ;-------------- -- _--- -- - - -- -_---------------------- ------- ABSENT Councilmen -_ Gordon - and - Mayor - -Ben £ ield.------- ----------- -- WITNESS my hand and the official seal of said City this - - -- 26th-------- - - - - -- -day of ..... ............. January - - - --- 1960 „G ----- ---- - �, ----- gu x ....�lY� City Clerk of the City of El Segundo, California (SEAL) i e ,