HomeMy WebLinkAboutCC Res 401 1939-08-17
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RESOLUTION NO. 401
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A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SEAL BEACH, ACCEPTING THE BID
OF SECURITY-FIRST NATIONAL BANK OF LOS
ANGELES FOR $41,500.00 OF BONDS OF THE
CITY OF SEAL BEACH, DESIGNATED AS "CITY
OF SEAL BEACH MUNICIPAL PIER BONDS OF
19:3U, SERIES SECOND."
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WHEREAS, the Security-First National Bank of
Los Angeles has heretofore submitted to this city a bid
for the purchase of $41,500.00 of bonds of the City of
Seal Beach, designated as "City of Seal Beach Municipal
Pier Bonds of 19:!l!, Series Second, I. at par, plus accrued
interest, plus a premium of $ 5.00 , which bonds
have been authorized to be issued by Resolution No. 400
of this city; and
WHEREAS, said bid is the best and only bid re-
oe1ved for said bonds.
NOW, THEREFORE, the City Council of the Cit~ of
Seal Beach do resolve as follows:
Section 1. That said bid of the Security-First
National Bank of Los Angeles for the purohase of said
$41,500.00 of bonds at par, plus accrued interest and a
premium of $ 5.00
, be and the same is hereby
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accepted and said bonds are hereby awarded and sold to
Security-First National Bank of Los Angeles in accordance
with the terms of their bid.
Section 2. This resolution shall take effect
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Resolution Number
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from and after its passage and approval.
PASSED. ADOPTED AND APPROVED this 17th day of
August, 1939.
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Mayor ~Beach'
California.
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City Clerk of the City of Seal
Beach, California.
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF SJEAL BEACH )
SS.
I, OLLIE B. PADRICK, City Clerk of the City of
Seal Beaoh, California, do hereby certJt'y that the whole
number of members of the City Council of the City of Seal
Beach is five. and that the foregoing resolution, being
Resolution No. 401 , was duly pasaed. approved and
adopted by said~Council and approved and signed by
the Mayor and attested by the Oity Clerk, all at a regu-
lar meeting of said council held on the ..1.2.th... day of
August. 1939, and that the same was passea-aDd adopted
by the following vote, to-wit:
A 'YES :
Green, Ml11er,Xupferl e, Hughee
COUNOIL1IIEN
NOES:
lone
OOUNCILMEN
ABSENT:
Waidler
COUNCILMAN
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Cit~~~~~eal
Beach, California.
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