HomeMy WebLinkAboutCC Res 446 1941-11-17
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RESOLUTION NO. 446
A RESOLUTION OF THE OITY OOUNOIL OF THE
OITY OF SEAL BEAOH AWARDING ~iD rIXING
INTEREST RATES OF THE BEAOH AOQUISITION
BONDS or 194-1, BREAICWATER BONDS or 194-1,
AND DREDGING BONDS OF 1941.
'!'he Oity Oounoil of the Oity of Seal Beach, Oalifo~nia, does
hereby RESOLVE, DETERMINE and ORDER as follows:
Seotion 1. That the bid of Dean Witter & 00. and Eastland
Douglas & 00., for $40,000.00 of b~nds of the Oity of Seal Beaoh,
designated "Beaoh Acquisition Bonds of 194-1," dated Deoember 1, 194 ,
to bear interest at the rate of 2i% per annum, for $30.000.00 of
bonds maturing for the years 1942. to 1956, both inolusive. and 2%
per annum) for $10,000.00 of bonds maturing for the years 1957 'to
1961, betn inolusive, for a purohase prioe of par and accrued inter
est to date of delivery, plUS a premium of $41.00, being the best
bid reoeived, is hereby aooepted and said $~O.OOO.OO of bonds is
hereby awarded to said Dean Witter & 00. and Eastland Douglas & 00.
The interest rate said bonds are to bear is hereby fixed at 2!% and
2% per annum, in accordance with the above stated maturities, pay-
able semiannually.
Seotion 2. '!'hat the bid of Dean Witter & 00. and Eastland
Douglas & po., for $55,100.00 of bonds of the Oity of Seal Beaoh,
designated "Breakwater Bonds of 1941," dated Deoember 1, 1941, to
bear interest at the rate of 2t% per annum, for $45.000.00 of bonds
maturing for the years 1942 to.1956, both inolusive, and 2% per
_annum for $10,100.00 of_ bonds maturing for the years 1957 tp 1959, .
both inolusive, for a purohase price of par and aoorued interest
to date of delivery, plus a premium of $56.00 being the best bid
reoeived. is hereby aooepted, and said $55,100.00 of ~onds is here-
by awarded to said Dean Witter & 00. and Eastland Douglas & 00.
The interest rate said bonds are to bear is hereby fixed at 2f% and
2% per annum, in accordanoe with the above stated maturities, pay-
able semiannually.
Seotion 3. That the bid of Dean Witter & 00. and Eastland
Douglas & 00., for $103,600.00 of bonds of the Oity of Seal Beaoh,
designated "Dredging Bonds of 1941," dated Deoember 1. 1941, to be
interest at the rate of 2~% per annum. for G79,000.00 of bonds
maturing for the years 1~2 to 1956, both inclusive, and 2% per
annum, for $24,600.00 of bonds maturing for the years 1957 to 1960,
both inclusive, for a purohase prioe of par and aocrued interest to
date of delivery, plus a premium of 'lOS.OO, being the best bid
received, is hereby aooepted, and said 0103,600.00 of bonds is here
by awarded to Dean Witter & 00. and Eastland Douglas & 00'1 The
interest rate said bonds are to bear is hereby fixed at 2!~ and ~
per annum, in aocordanoe with the above stated maturitiee, payable
eemiannually.
Seotion 4. That all other bids are hereby rejeoted and the
Oity Olerk direoted to return all certified or cashier's oheoks of
suoh bidders whose bids have been rejeoted.
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ADOPjED,
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SIGNED and APPROVED this 17th day of November, 1941.
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MaY~~~~eaoh
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Oalifornia.
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'ATTEST: :::-
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Qitv.p.Olerk of the Oity of
liJ:l1 ~ n"Pn'" ~
Seal Beaoh
Resolution Number
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STATE or OALIFORNIA )
OOUNTY or ORANGE )
OI'l'Y or SEAL BEAOH )
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Be.
I. OLLIE B. PADRIOK, Oity Olerk of the Oity of Seal Beach.
Oalifornia, DO HEREBY OERTIFY that the foregoing Resolution was
duly adopted by the Oity Oounoil of said Oity and was approved
by the Hayor of said Oity at an adjourned. regular meeting of
said Oity Oounoil held on the 17th day of November, 1941, and that
it was adopted by the following vete:
AYES:
Oounollmen
GREEN, rELTS, KUPFERLE, HUGHES
llOES:
Oouncllmen
NONE
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ABSENT: Oounoilmen
lULLER
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Oity Olerk of the Oity of
Seal Beaoh, Oalifornia.
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STATE OF OALIFORNIA ~
OOUN'l'Y OF ORANGE ss.
OITY OF SEAL BEAOH
I. OLLIE B. PADRIOK Oity Olerk of the Oity of Seal Beach,
Oalifornia, DO HEREBY OERTIry that the above and foregoing is a
full, true and oorreot copy of Resolution No. ,446, and that the
s~e hae not been amended or repealed.
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November 17. 1941.
~e~or
Seal Beaoh, Oalifornia.
DATED:
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