HomeMy WebLinkAboutCC Res 897 1955-09-06
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RESOLUTION NO. Ao7
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SEAL BEACH AWARDING WARRANTS
OF SAID CITY TO BEST BIDDER.
WHEREAS, at the time and place fixed for the opening
of bids for the $80,000 par value Tax Anticipation Warrants
of the City of Seal Beach, 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 best bid made by a responsible bidder for said bonds;
NOW, THEREFORE, the City Council of the City of Seal
Beach, DOES HEREBY RESOLVE, DETERMINE AND ORDER as follows:
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Section 1. That the bid of R~nw ~~ BAlmon~
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Shore. LOD2 Bennh. Ca11tornia
offering par, accrued interest to date of delivery and a
premium of $ 2~.OO
for said warrants at the rate of
2 ~ per annum is the bid for said warrants Jdelding the
lowest net interest cost. Said bid is hereby accepted and the
warrants 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
respective bidders.
Section 3. That the interest rate on said warrants is
hereby fixed at the rate stated in Section 1 hereof.
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,.. Ma r of the City of
'ATTES~: ;. ~/ J? ~ Seal Beach. California
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City Cler.k'of the City of
Sea;L Be~CA'; California
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Resolution Number
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Section 4, The City .Tr.easurer is hereby directed to
deliver said warrants to the successful bidder upon the pay-
ment of par. accrued interest to date of delivery and the
premium above stated.
ADOPTED. SIGNED AND APPROVED this
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Se~tember . 19~.
6~h day of
(SEAL)
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STA TE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF SEAL BEACH
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SS.
I. F. W. HICKMAN. City Clerk of the City of Seal Beach.
California, do hereby certify that the foregoing Resolution
was duly introduced. approved and adopted by the City Council
of the City of Seal Beach at a - 0 - regular meeting
held on the 6th day of September. 1955~ by the following roll call
cote: 1
AYES:
Councilmen: T.a1dhDtu1. T.A^".,.;I, li'1 AnDran F
NOES:
ABSENT:
Calvo. Clark
Councilmen: None
Councilmen: None
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/--CC-O ~u.4.:#':7'
City Clerk of-the City of ~
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Seal Beach. . ;e
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STATE OF CALIFORNIA }
COUNTY OF ORANGE
CITY OF SEAL BEACH
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I, F. W. HICKMAN. Qity ~lerk of the City of Seal Beach.
California. DO HEREBY CERTIFY that the above and foregoing is a
fUll. true and correct copy of,_Resolution N05,S'''897 and that
the same has not be~n'amended or r~pealed.
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Da ted : .' ':> September: 6~h . 19 55
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.. e1 YClerk of the City of
(SEAL) .Seal Beach