HomeMy WebLinkAboutCC Res 734 1951-04-23
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RESOLUTlOB BO. 734-
RESOLUTIOB OF THE aITY OOUNOIL OF THE
OITY OF SEAL BEACH AWARDIBG BOIIJ)S OF
SAID OITY TO BEST BIDDER.
WHEREAS, at the time and place fixed for the opening
of bids for the 1;1.30.000 SEWAGE DISPOSAL BONDS, 1951, of
the Oity of Seal Beach, all blds were publicly opened, examined
and read, and a tabulation thereof has been entered ln the
minutes; and
WHEREAS, the bld of the bidder herelnafter named is
the highest and best bid made by a responslble biddsr for said
bondB;
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BOW, THEREFORE, the Oity Oouncil of the Oity of
Seal Beach ,DOES HEREBY RESOLVE, DETElUIlBE AND ORDER AS
follows:
Section l.
Paine, Webber..
That the bld of California Bank" Jackson a. Ourtis
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offering par, accrued lnterest to date of delivery and a premlum
of II. 4-57.00 for sald bonds to bear interest at the rate of
~er annum, payable semiannually ls the highest and beBt bld
for Baid bonds. Bald bld lB hereby accepted and the bonds awa~
ed to said bidder in aocordanoe with the terme of itB proposal.
Seotion 2. That all bidB, other than the one accepted
in Seotlon 1 hereof, are rejeoted and the Oity Olerk is directed
to return the cheoks accompanying said rejected bids to the re-
spect~ve bladers.
Seotion 3. That the interest rate on sald bonds lB
hereby fixed at the rate stated in Section 1 hereof.
Seotlon 4-. The Oity Treasurer lB hereby direoted to
dellver said bOnds to the suooessful bldder upon the payment of
par, aocrued lnterest to date of delivery and the premium above
stated.
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Resolution Number
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ADOPTED. SIGNED AND APPROVED this 2)~d day of
Al)rll. 1951..
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Mayor of the 01ty of
Seal Beach, california.
I
STATE OF CALIFORNIA l
COURTY OF ORANGE SSe
OITY OF SEAL BEACH
I. JOHl W. MULCAHY. Oity Clerk of the Oity of 8eal
Beach. California. DO HEREBY CERTIFY that the foregoing
resolution was duly adopted by the Oity Oouncil of sald 01ty
and was approved by the Mayor of sald 01ty at a regular meet-
ing of sald Oity Councll held on the 2)rd day of Aprl1. 1951.
and that lt was so adopted by the following vote:
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Clt Olerk of the City
8 1 Beach, califor
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