CC RESOLUTION 3672RESOLUTION NO. 3672
• A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF EL SEGUNDO AUTHORIZING THE
REPLACEMENT OF A BOND CERTIFICATE IN
CONNECTION WITH EL SEGUNDO ASSESSMENT
DISTRICT NO. 73 SEWER IMPROVEMENT BONDS
THE CITY COUNCIL OF THE CITY OF EL SEGUNDO DOES
HEREBY RESOLVE AS FOLLOWS:
I. The City Council of the City of E1 Segundo
does hereby find, determine and declare as follows:
A. The City has on file an affidavit of
Marlene Blades of Merrill Lynch, Pierce, Fenner &
Smith Inc. of loss, theft and destruction of that
certain security particularly described as 11$20,000
E1 Segundo Assessment District No. 73, Sewer
Improvement 7.50% dated 6/2/86 due 9/2/99 No. 351,
registered in the name of Merrill Lynch, Pierce,
Fenner & Smith Inc. "; and
B. The owner of said security has given to
the City of E1 Segundo, as issuer, and Bank of
America NT & SA, as trustee, a Bond of Indemnity
No. RDFI- 11 -90 -11 -608 dated November 7, 1990, which
the City Council hereby approves as an undertaking
against any loss incurred on account of said
security pursuant to California Government Code
Section 53461; and
C. Pursuant to California Government Code
Section 53461 and subject to the owner of said
security paying all costs of issuance of the new
bond certificate, the City Council hereby
authorizes Bank of America National Trust and
Savings Association to replace said security with
a bond certificate similar to the lost bond
certificate.
II. The City Clerk shall certify the adoption of
ithis Resolution.
PASSED, APPROVED AND ADOPTED this
FEBRUARY 1991.
9
RES058322
CITY CLERK
of
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )
CITY OF EL SEGUNDO )
SS
I, Ronald L. Hart, City Clerk of the City of El 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. 3672 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 5th day of
February, 1991 and that the same was so passed and adopted by the following vote:
AYES: Mayor Jacobson, Mayor ProTem Dannen, and Councilmembers West,
Wise, and Clutter
NOES: None
WITNESS MY HAND THE OFFICIAL SEAL OF SAID CITY this 17th day
of June, 1991.
RONALD L. HART
City Clerk of the
City of El Segundo, California
(SEAL)