HomeMy WebLinkAboutCC Res 602 1946-10-13
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RESOLUTION NO. t:,d-Y
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A Resolution 01' the City Council of the
City of Seal Beach. Terminati~ Liability
Under Faithful Performance Bond Filed
Pursuant to Franchise Granted By
Ordinance No. 132.
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WHEREAS, the Board of Trustees 01' the City 01' Seal Beach,
by Ordinance No. 132 adopted December 2, 1926, granted to
Industrial Fuel Supply Company, a corporation, a franchise to
maintain and operate a gas pipe line in, under and along certain
streets within the boundaries of the City 01' Seal Beach, therein
described; and
WHEREAS, Industrial Fuel Supply Company, as principal,
and Indemnity Insurance Company 01' North America, as surety,
filed a bond. in the penal sum of $500, being Bond No. 190243,
to comply with the terms and conditions of Ordinance No. 132;
and
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WHEREAS, on or ~bout December 9, 1940, Industrial Fuel
Supply Company transferred all of its rights in and to said
franchise granted by Ordinance No. 132, to Pacific Lighting
Corporation, and Pacific Lighting Corporation is the present
owner of said franchise; and
WHEREAS, Pacific Lighting Corporation, as principal, and.
Indemnity Insurance Company of North America, as surety, have
heretofore filed a bond in the penal sum of $,00, being Bond
No. 959596, for compliance by Pacific Lighting Corporation
with the terms and. conditions 01' said Ordinance No. 132;
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Seal Beach:
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Section 1. That all liability and responsibility of
Industrial Fuel Supply Company ,and Indemnity Insurance Company
01' North America, under the aforesaid Bond No. 190243, be
terminated, and they and each of them are hereby discharged
and released from all 0~~igat10ns,under said bond from and
after this date.
Section 2. The City Clerk shall certify to the adoption
of this resolution, and thenceforth and thereafter the same
shall be in full force and effect.
Adopted and approved this /~ day of October 1946.
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