CC RESOLUTION 2742jL
RESOLUTION NO. 2742
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF EL SEGUNDO, CALIFORNIA, TRANS -
FERRING MONEY BETWEEN FUNDS. (FUND NO. 18)
WHEREAS, Park and Recreation Bonds, 1954, Interest
and Redemption Fund No. 18 was established for the purpose of
paying interest and redeeming bonds for a $375,000 bond issue
which was voted upon by the people of the City of El Segundo
on November 2, 1954; and
WHEREAS, there is a present balance of $6,234.84 in
Fund No. 18; and
WHEREAS, all outstanding bonds and interest coupons
due from Fund No. 18 have been paid except for interest coupons
amounting to $355.00; and
WHEREAS, the City Council desires to transfer all
except $355.00 of the money from the Park and Recreation Bonds,
1954, Interest and Redemption Fund No. 18; and
WHEREAS, there are remaining unpaid bonds in excess
of the sinking fund for Waterworks Bonds, 1948, Interest and
Redemption Fund No. 19;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EL
SEGUNDO, CALIFORNIA, DOES RESOLVE AS FOLLOWS:
SECTION 1. There is hereby transferred from the Park
and Recreation Bonds, 1954, Interest and Redemption Fund No. 18
to the General Fund the sum of $5,879.84.
SECTION 2. There is hereby transferred from the
General Fund to Waterworks Bonds, 1948, Interest and Redemption
Fund No. 19 the sum of $5,879.84.
SECTION 3. The City Clerk shall certify to the passage
and adoption of this resolution; shall enter the same in the
book of original resolutions of said city; and shall make a
minute of the passage and adoption thereof in the records of
the proceedings of the City Council of said city, in the minutes
of the meeting at which the same is passed and adopted.
PASSED,, APPROVED and ADOPTED this 1st - day of
FebruaLy 1977.
ATTEST:
City Clerk
(SEAL)
-2-
.1 6
Mayor of the City of El Segundo-,
California
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF EL SEGUNDO
I0 VALERIE A. BURROWES, , City Clerk of the
City of El Segundo, California, DO HEREBY CERTIFY that the
whole number of members of the City Council of the said City
is five; that the foregoing Resolution, being Resolution No. 2 742
was duly passed and adopted by the said City Council, approved
and signed by the Mayor of said City, and attested by the City
Clerk of said City. all at a regular meeting of the said Council
held on the 1st day of February 1977
and that the same was so passed and adopted by the following vote:
AYES: Councilmen Bue„ Nagel, Rockhold
Van Vranken and Mayor Balmer
NOE$: Councilmen None
ABSENT: Councilmen None
WITNESS MY HAND AND THE OFFICIAL SEAL OF SAID
CITY this 10th day of February 197 7
(SEAL)
I•
� 1� 0
r
City Clerk
of the City of El Segundo, California,