CC RESOLUTION 2225104,8.1
RESOLUTION NO. 2225
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF EL SEGUNDO, CALIFORNIA,
AUTHORIZING THE ISSUANCE OF WARRANTS
IN COMPROMISE OF CERTAIN LITIGATION.
WHEREAS, the City of El Segundo, is a party
defendant in that certain litigation in the Superior Court
of the State of California, entitled Experimental Specialties
Company, et al vs. the City of El Segundo, et al, which bears
Case No. 805740; and
WHEREAS, judgment was rendered against said City
of E1 Segundo: in favor of the plaintiff, Experimental
Specialties Company in the sum of $59,500, plus interest
at the rate of 7 percent per annum from February 2, 1962;
and, in favor of the plaintiff, Howard Smith in the sum of
$42,700, plus interest at the rate of 7 percent per annum
from February 2, 1962; and
WHEREAS, the City's special counsel Carl A. Becker
of Dryden, Harrington & Schwartz has negotiated a compromise
of said litigation.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF
EL SEGUNDO, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The Mayor, Finance Director and
Treasurer be, and they hereby are, authorized to make,
issue and draw a warrant payable to Experimental Specialties
Company, a California corporation, and its attorneys
V. Lane Knight and James J. Oppen in the sum of $85,699.56,
and to deliver said warrant to Carl A. Becker of Dryden,
Harrington & Schwartz, the City's special counsel.
SECTION 2. The Mayor, Finance Director and
Treasurer be, and they hereby are, authorized to make,
issue and draw a warrant in the sum of $42,700 payable
to Howard Smith, and his attorneys V. Lane Knight and
James J. Oppen, and to deliver the same to Carl A. Becker
of Dryden, Harrington & Schwartz, the City's special counsel.
SECTION 3. Carl A. Becker of Dryden, Harrington &
Schwartz, the City's special counsel is authorized to
deliver the warrants referred to in Sections 1 and 2 of
this resolution to the plaintiffs, Experimental Specialties
Company and Howard Smith, respectively, and to their
attorneys V. Lane Knight and James J. Oppen when said
Carl A. Becker holds appropriate documentsindicating a
Satisfaction of Judgment by Experimental Specialties
Company, a California corporation and Howard Smith.
SECTION 4. The City Clerk shall certify to
the adoption of this resolution and thenceforth and there-
after the same shall be in full force and effect.
PASSED, APPROVED and ADOPTED this 27th day of
May, 1968.
Mayor of Zrie City of Ifl gegundo,
California.
ATTEST:
City Clerk
(SEAL)
-2-
STATE OF CALIFORNIA, )
COUNTY OF LOS ANGELES, ) SS
CITY OF EL SEGUNDO )
I, EUNICE U. CREASON, City Clerk of the
City of E1 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. 9.9.9.5
was duly 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 27th day of May , 1968
and that the same was so passed and adopted by the following vote:
AYES: Councilmen Balmer, Frederick, Nagel, Stephens
and Mayor Carr;
NOES: Councilmen None;
ABSENT: Councilmen None.
WITNESS my hand and the official seal of said City
this 28th day of May , 196 8
`Z�e.
C-Ify Clerk of the City o egun o
California
(SEAL)