HomeMy WebLinkAboutCC Reso No 1967-1222
4
5
6
RESOLUTION NO. 1222
A RESOLUTION OF THE MAYOR AND CITY COUNCIL OF THE
CITY OF ELSINORE, CALIFORNIA, AUTHORIZING THE CITY
TO BORROW FIFTEEN THOUSAND ($15,000) DOLLARS FROM
THE FIRST NATIONAL BANK AND TRUST COMPANY (ELSINORE
BRANCH) UPON CERTAIN TERMS AND CONDITIONS AS HERE
AND AFTER SET FORTH, AND DIRECTING THE MAYOR AND
CITY CLERK TO EXECUTE ON BEHALF OF SAID CITY A
PROMISSORY NOTE AND OTHER LEGAL DOCUMENTS.
1
2
:3
7 WHEREAS, the City of Elsinore desires to borrow the sum of fifteen
8 thousand dollars ($15,000) from the First National Bank and Trust Company
9 (Elsinore Branch) for the purpose of purchasing certain equipment, land, and
10 for the construction of a building; and
11 WHEREAS. the First National Bank and Trust Company (Elsinore Branch)
12 is will ing to lend to the City of Elsinore, Cal ifornia, said sum of money
13 upon terms and conditions as here and after set forth;
14 NOW THEREFORE BE IT RESOLVED by the Mayor and City Council of the
15 City of Elsinore, Cal ifornia, as follows:
16
1. That the Mayor and City Council for and on behalf of the City of
17 Elsinore, Cal ifornia, be authorized to borrow the sum of fifteen thousand
18 dollars ($15,000) from the First National Bank and Trust Company (Elsinore
19 Branch) for a period of one year at the rate of three and one-half (3~) per
20 cent per annum interest, payable at the rate~f one thousand dollars ($1,000)
21 a month, commencing 30 days from the date of the execution of a promissory
22 note, and payable in said amount of one thousand dollars ($1,000) per month
23 thereafter, with the balance to be paid one year from the date of said
24 promissory note;
25
2. That the Mayor and City Clerk be authorized to execute a
26 promissory note on behalf of the City of Elsinore with the First National
27 Bank and Trust Company (Elsinore Branch) as the payee, and to execute any
28 and all other documents to effect the loan in accordance with the foregoing
29 reso I uti on.
30 ADOPTED by the City Council, signed by the Mayor, and attested by
31 the City Clerk this 24th day of July, 1967.
A t tes t:
., ;;~'5:~''i'''>;7",e ,/' ~/ ~.,<,~ ,,;?;.,L;;; "'''''/
City Clerk of the City of Elsinore
i,~''''''"",~"" ,/'
< . ( :')
\"--1';":' ,.~ ti ,.,,<.<tS"ZL,Z:C',\'" c{
Mayor of the City of E~:s i,More
:
32
II
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
231
24
25
26
27
28
29
30
31
32
1 I, FLORENE MARSHALL, being the duly appointed City Clerk of the
2 City of Elsinore, California, do hereby certify that the foregoing
3 resolution was duly adopted by the Mayor and City Council of the City of
4 Elsinore, California, by the following vote:
AYES:
Councilmen Berry, Bittle, Carter, DePasquale,
NOES:
None
ABSENT:
Yarborough
and do hereby also certify that said resolution has not been rescinded or
amended and that said resolution is in full force and effect.
IN WITNESS WHEREOF, J have hereunto set my hand and affixed the
official seal of the City of Elsinore, Cal ifornia, this 24th day of
July, 1967.
/' .7 . .... .. ....... . . .(/ .'. ... ....... . <;~
... ...~::~-'<:..I2:--:l!~-<:/. '7/ 'W4:.<l---...t!:.d /tf/.
City Clerk of the City of Elsinore
I
I
II