HomeMy WebLinkAboutCC Res 439 1941-08-07
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RESOLUTION 10. 439
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RESOLUTION or '!'HE OITY OOUlOIL or THE OITY or
SEAL BEACH OAL IrORlIA APPROVING AGREEdNT
rOR INAOTIVE DEPOSIT or FOlDS or SAID OITY
WITH THE BAR or .AdRIOA NATIOIAL 'l'JW'ST ANI)
SAVINGS ASSOOIATION.
WHEREAS the Bank of Amerioa lational 'l'rust and Savings
Assooiation thtough its Belmont Shore Branoh in the Oity of
Long Beaoh. Oalifornia. has presented an Agreement made in
triplioate on the 1st day of August. 1941. to be entered into
between O. Z. Irvine aoting in his offioial oapaoi ty as Treasurer
of said Oity of Seal Beaoh. designated oDepositorP. and said
Bank of Amerioa designated PBankJr. pertaining to the deposit of
funds of the Depositor in said Bank under and subject to the
provisions of an aot of the Legislature of the State of Oalifornia.
Statutes 1933. Chapter 189 approved April 28. 1933. as amended.
and providing for a rate ol interest at one-half of one per oent
per annUIII. and in aocordance w1 th the other terms in said Agreement
more partioularly set forth; and
WHEREAS. the Oity Oouncil" has heard read said Agreement
in full and is familiar with the oontents and of their desire
to approve the s&me and authorize said Oity Treasurer to exeoute
said Agreement;
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HOW. 'l'HEFiErORE. BE IT RESOLVED. by the Oi ty Oouncil and the
Oity of Seal Beaoh. Oalifornia. that said Agreement} above referred
to and submitted herew1 tho be. and the same is hereoy approved
and the Oity Treasurer of the Oity of Seal Beaoh. Oalifornia. is
direoted to sign the same in his offioial oapaoity as Treasurer of
sai4 Oi.ty.
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~-', ADOPTED this 7th day of August. 1941.
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Oal fornia.
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ATTEST:
I hereby oertify that the foregoing Resolution was duly and
regularly passed by the Oi ty Oouncil of the Oi ty of Seal Beaoh.
Oalifornia. at a regular meeting thereof held August 7th. 1941.
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Oity alerk of the Oity of Seal
Beaoh. Oalifornia.
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