HomeMy WebLinkAbout05-11-1925 City Council MinutesMINUTE RECORD OF A i;EGULAT. G*~'ETItdG CF Tfrr; BOARD CF' TRL'°TL'F,S CF E?.ST~C.R
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MEETII~IG HELD OPI THE 11thDFIY OF MAY 1925 lg2
1 ~ r v ~'.; ~ ..-'~STANOARO FORM G3A ~ -~:• `l'am ^, A -+ ~:.
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. ~_ f - CX Ev 00 R. LO_ -- _- _ {l_ _.__ _ PEG PA F STANUARO MIN
A regular meeting cf the Bosrd of Trustoes oi' tre City of Elsinore
_,_. as called ~ ~^- er
' ..:i 'was<held in°;tl;e Gi•tq,Ha?.; ^rr the tx!-^ve da e. Tie Teed ; ~ ,_~
;, at•the hour, of '/.r3~ ?.&i, President•L., 3 ,.aylcr-in,tt?.v ~t,2~ir.;.>;_.;
•Trustees E. A. Baeon, J, 2:. Be11,~,P.!.,..P. h?c8wain-,and Arnelia D. I~:ed
,.. answered the roll^cal ;Ab^.,ent - none<;~ _
_ :A?inutgs' of, tthe; ~`revicus;: meeting held ,qn Pday 4th were then :read by the
, ;~cierkrand on mPtion,~uly made,r:~ere appraved;ps read.:., .. _.
The hour having arpved fa~ the openis2g of ~Nealed bids or;proposals
for X28,000,00 w?unit+'_pal °sr.~er Bonds 1924, of the City of hisinore, Calif.,
the Clerk.~vas _ir}~trueted <to:;gpen and re..act.,the Lids .ar-proposals received.
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The following submitted bids far the above Warned bonds R:hich were then
read, by;f_the Clerk
,~ .Citi4ens National Co., Los Angeles, P, id par, 3acrued~interest to
date of ¢elivexy,, and a premium thereover of {t1092,00.
Freeman Smith_& Camp Co., Los Angeles, Bid par, accrued interest
to date cf delivery and in additior. thereto a premium of X800.00.
William. F. StaAta Co., Los Angeles, Bid Par, accrusd;.interest to
deto cf delivery, and a premiun ttiereover of $1111,00<
Anglo London, Paris Co., San Fzancispo, A.idper,~aecrued inter-
est to date of delivery, plus <^, premium of ~126b OO~.p-',' -
Whereupon it wee moved by Trustee J. H. Bell, and seconded by
Trustee E. A.,$@ggp,.t}r~t.,~N;thg•bid,ot the Anglo London, Paris Co., being
the highest and best. bid, by a respoa?ibie bidder, that said bid be accepted.
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t,?otion,c~,rr sd;by the.fo'lowirg vote:-
Yes: E. 1. Hacon, 4J. P. 2dcSwain, L. B. Taylor, J. H.-Bell and
A:,Qa.~e D-.- Ree~t ,
Noes: Ncne.
.._ .,Absent:: Npne. .. .,
.:7-~ ~:1 ...
Whereupon Resoluticn No. 123 was .,introduced end read, being
R,mSOLUTIG23 NO.:.,12?,;
._ {t FsESCLUTI~Pi OF<,T.F',E °J.I. CP TfUS~~FS %F T'n~ CITY.OF ..
~;_=x.La3HGEtU• , ,'CALIs C ati; F ,,,kti.^vSDIJu;_ TLSIN_Ok~ idLCiI,CI'~J, S%,Pv~'F': . ' ;.
;~ - ;,,BGwD.;ly^4 'EO,Tx3E...P(RC:d~~9EF Tknxu^CF.,.-.., ,. .~,,I ,
W?:EF:hAS, E'lsinor@ Municipal Hev%er Bonds 1924.raore,,,duly,crdered
to he issued by Ordinance tdo. 1?6 of;ssid Ci~ty;and nct~ce.ii7yitirg sealed
proposals for tk:e purchase of said bonds has been daly pubi?.shed ^nd this
7:30>o~cloek: P.iv?. , ?:a•yll,:;192j, ,rat-;the.usuelplace o;~f;,meeting of said
board :is°the,,tima a-nd place fixed-fcr the opEnng of aid sealed. propasals; ^.nd
rr,SCLUTaCi3 iv0, 123 (Continued) Page ~2
Z"aEF.EAS, Fcur sealed prcposair "soe beer. recP'.•red end trio es.me have, beet: p!~blich~
bpcned, read and declared, ar.d tae propasal cf Anglo, London,"Paris Cc<, cf San Francisco,
California, is the highest and bASt bid made by a responsible bidder for said bonds,
and said bidder offers par, accrued interest snd a premium cY Cre Thou-sand Tzvo I'_ur.ur9d
atad 3iaty Sir, dollars (y~1266,00) fcr s?id bor.d.s:
NJYU THL'~:i•;F~S.i:, `BE 1T nESCLVa;~-by tiic'?3oiisd of'Trustaes^af the City of ~sinore,
Celiforniaa that Slsinore •iSunicipa.lSev?er' nu:id4 1'Q24 ~f tnc nar v91ue of Twenty-eight
thousand dollars 028,000,00), dated July 1, 1924, and bearing interest at the rs.te of
"' five"end one-ha74''per cent:- {5~~) rzbr:ennum, ~pnys~ble sdmi%annueliy, 6e rx;l t'.e ^a~^e nse
hereby awarded to said Anglo; 'London; Priris Go, of'tt7e ~?ity'';of Sar.'L2-ancisco, California,
at the price named in said bid, to-wit: par, accrued interest e.nd a premium of Cne
' .' Thousand Two Hz3ndrPd"and Sixty SiX-"dollars ("y1266:=00),"and`tha.t all ether bids or pro-
pcsals are hereby 'rejected''zztd the"Clerk of'.sai'd'City'ofEl'sinore is ordered to return
the certified checks accompanying the bids cf the unsuccessful bidders to sold uneuccess-
' ' fd~l'bidders^to slid unsuccessful bidder's>"
. ` ` 'Signed'srd spprovbd this 11th -day's f hiay; ' 1925,': ~^: ° :'
(Signed)•L.'B. Tailor.
(Si<:AL) Yrasident cf the Board of
' ''I ^° "" Trustees of the City of Elsinore,
California[ `. •; ~ ;:
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' ATTEST'r ' .
C"J:'K~lire' (Sfi2ned.~, __
Clerk of the City eP"'" .
Elsinore, California,
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WHEREUPON, it was moved by Trustee J. H. Bell and seconded by Trustee E. A. Bacon,
that Resolution No. 123 be adopted and eppioved as read,
Motien carried by the foll8ving'"vote.-`-
Yes:- Trustees W. P. McSwsin~ Ea A7"Bacon, L. B. Taylor, J. H. Bell and
Amelia D. Reed,
_ ._ Noes: None-:..., ,,
Absent: None
Whereupon,''$he•C'lerk was instructed to read the minutes of the mestir.g bf the
Beard cf Trustees held on h?e.rch 12th, 1925. The minutes havirl-..been read, it alas moved
by Trustee J. Y. °~11 ~~' °f~°:°d-~ rj Trustee L.'1;:-•3acon and an ~~ote unanimously carried
that tht minutes of the meeting of the< A.ard"of Trustees held or. i~la.rch i2, 1925 as read,
,.nd being a true and exact copy cf =a~.d"'minzxtesrcf f~r:r.er Clerk Ni. T. Herbert, but not
"written up i-n the minute book, be eonfirmod sod approved as read.
The Clerk then read e. NCti^e cf r~teet ~::? Si,acification cf error in the matter of
the psrceed~n~~':f the Board of '"rwstees cf't^F'~itl^ of ilsirsra, under Pesoluticn rf Intcntien
' iVo. 117, pa"ssed P,ia~rch .12$h;' 1925, •
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'' zNlie*eupcn't'~e'Pre~idPnt cf t'r_e< LL-ard, L•.' b Tay'_'^r p~1re~? if anyone ir: the Council
' " Rooe!`wished""to be 9ezard a's tc"any `slJeeific-seasoZ° or object=ion:avh~ said proiest should not
be overruled. Ne one appeared or answered>
MZIYUTE RECORD OF PagO ,~3, of Meeting of May 11, 192'
MEETZIYG HELD OlY THE
Si gNOFRO FORM C94
DAY OF
19
Thereupcr. it was moved by Trustee J. H. Bell and seconded by Trustee L. A .
Bacon that said Notice of Pretest be c•rerruled and that the Clerk be in-
structed to file same.
Motion wes carried by the following vote:
Yes: Trustees W. P. Mc Swain, &. A. Bacon, 7. b. Taylor,
J. H. Bell, and Amelia L. t.<;ed.
Nees: Ncne.
Absent: None.
THEREUPON, there being nc further business to come before the Board
bn mction duly made and carried, the Board adjourned to meet in regular
adjourned session on the 12thday cf P.4ay 1925, at the hour cf 7:30 P.ih. in
the City Hall, the usual meeting place.
Q~
City Clerk.
'~•.1d~
President of the Beard of 7}•ustees.