HomeMy WebLinkAboutCC Res 499 1943-10-14
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RIilSOLUTION NO. J./tjq
A RTISOLUTION OF THE CITY OF S3AL B~ACH~
ChLIFO~NIA ACCEPTING BID OF n:3 BANK uF
AMERICA, BELIvl0KT SHORE BRANCH,.t., LONG .BEACH,
CALIFORKIA FOR NOT~S TAX AN~ICIPATION
~fARRANTS"" OR OTH:;::R J:vlmmc:c:s OF INDEBTEDNTI:SS
ON BDHAL~' OF SAID CITY.
rlliERZAS, the City Council of
the City of Seal
49', found that
8 Beach, California, by Resolution No.
9 it was necessary to borrou money for the purpose of
10 financing c1 t~' operations; and,
11 ~~REAS, said City of Seal Beach has published
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12 notice in the Seal Beach Post & ~ave, a newspaper of
13 general circulation within the County of Orange, ~tate
14 of California, that notes, tax anticipation warrants,
15 or other evidences of indebtedness, be offered at
16 public sale, said sale to be held on the 14th day of
17 October, 1943, at the hour of H:OO o'clock p.m., at
18 the office of the City Clerk at the City Hall of Seal
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Beach, California, in accordance with the provisions
20 of Section 3719 of the Political Code of the State of
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California; and,
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~mEREAS, the Bank of America~ Belmont Shore
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Branch, Long Beach, California, has offered to purchas
such notes, tax anticipation warrants, or other evi-
dences of indebtedness, with interest at the rate of
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five (5%) per cent per annum; and,
~fHEREAS, no other bids have been filed with
the Ci ty Clerk;
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IW\l, TH:;!lREFORE, BE IT RESOLVED that the Ci ty
DANA R. WILLIAMS
ATTORNEY AT LAW
4Z1 SICUftlTY 8LDG.
.HONI ......11I
LooNG B!tACH 2.. CALIF.
Of ::leal Beach does hereby accept "Gl1e bid of the Bank
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of America, Belmont Shore Branch, Long Beach, Californ a,
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providing for the purchase of notes, tax anticipation
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DANA R. WILL-lAMS
A.TtOlUlU A.'r """W
.21 .IICUIUTV aLDG
PHON'I ........
LoNG BEACH 2. CA&.IF.
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Resolution Number
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1 warrants, or other evidences of indebtedness, not
2 exceeding the sum of THIRTY-FIVE THOUSAND ($35,000.00)
3 DOLLARS, bearing interest at the rate of five (5%) per
4 cent per 8nnu m.
5 i BE IT FURTH~R RESOLVED'that such notes, tax
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6 \anticlpnt1on warrants, or other evldencos of indebted-
7 ness, shall be signed by the Mayor of the City of Seal
8. Beach and countersigned by the Chief Accounting Office
9 ~nd the Treasurer of said City, and ~lall bear a matur
10 ity date not later than December 31st, 1943, and that
11 the Mayor ot ~aid City be authorized to execute any
12 and all other wrl tten instruments Ilecessary in order
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to sell said notes, tax anticipation warrants, or
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other evidences ot indebtedness, to said Bank of
Amerioa, Belmont Shore Branch, Long Beach, california.
ADOPTED, SIGNED AND APPROVED, this 14th day
of Ootober, 1943.
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,0 e ufty or seaI
Bee h. .
I, OLLIE B. PADRICK, C1ty Clerk of the City of
24 Seal Beach, California, do hereby oertifY that the for -
25 gOing ReSOlution was duly adopted at an adjourned regu
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lar meeting of the City council held the 14th day of
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ootober, 1943, by the folloWing vote of the members.
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to wit:
29 AYES: Councilmen "1-.I.Hr.J .~~ ,~,~k,,) (J. ..1.
30 ~ ~A (
NO.ES:' ~:ro~91lmen 'f,-~)
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S~NT: C0uncilm4
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