HomeMy WebLinkAbout12-20-1937 Special Meeting of City CouncilMINUTE RECORD OF SPECIAL FiFETING OF THE CITY COUNCIL,continued.,, '
HELD ON DECEMBER.20th,1937.
The meeting was-called-to older at the-hour of 7e:30 P,&t, with Mayor Matich in
the chair.
Councilmen F.H.Sarith,Roy Macy,Henry Perret,J._++.Mills and N.Matich=s.newared the
roll call.
Absent.....None,
Thereupon Resolution No.312 was introduced and read being-a Resolution of the '~-
Gity Council providing that the ~Etg kttoraep-of the:-City of Elsinore be authorized
to stipulate and consent to the entry a3 a judgement 3n certain-actions filed to-w$t:-
Brown-Crammer Investment,.Go: vs City;, o? Elsinore-and .Security ~ank,a corporation, vs
the City of Elsinore in an amount of $20,000.00'bearing intere'et at 6~ per annum on
eonditian that he first obtain from the holder of said judgement a written agreement to
the effedt that if said judgement is paid prior to January hat,193$ that the sum of
$16,000 will. be accepted in full settlement thereof ;that it the.ssme is paid prior to
February lst,1938 that the sum of-X16,500 will be accepted in full settlement.thereoP
and that if the came is paid prior. to March lat,1938 that the sum of X17,000 will be ac
cepted as full payment therefo.
Nhereupon it was-moved by Councilman Mills nd seconded-by Counsilme.n Smith that
Resolution No.312 be passed ahd adopted as read,which motion was carried. by the follov-
ing vote:-
Ayes,...... Councilmen Smith,MacyPerret,Mille and Matich.
Noea,......None.
Absent....:None,
Thereupon-Resolution-No.313 was introduced and-read-being a Resolution of the City
Council,providing that the City Attorney be authorized-to contract with the-firm of
O'Melvaney,Taller and Meyers at a fee of X100 for an. opinion as to the legality of eer-
tain bonds contemplated to be issued to refund a judgement: which is contemplated will be
entered .against the City of Elsinore in-the Ubted States District>Court-in-and for So
District of Ca13~prnia,Cemtral Division.
Shereupon it was-moved by `'ouncilman-Perret°and seconded by Councilman Mills that
Resolution No.313 be passed and adopted as read,whieh motion<vaes-carried by the-followigg
vote -
Aye s..,...Councilmen Smith,Macy,PerretMills and-Matich;
Noes......A?one,
Abaent....None.
Thereupon there being no further business-to come before Council on motion duly
made and carried Council adjourned to meet in regular session on Monday,Decembex 27th,at
the hour of 7:30 P.M. in the City Hall,the usual: meeting,place.
Mayor.
Cit " lerk,pro tem.
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