HomeMy WebLinkAboutCC Reso No 1930-239
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RESOLUTION NO. :2((1Lo
RESOLUTION AWARDING CONTRACT FOR
PURCHASE OF 1930 BONDS.
* * * * *
WHERE~S, the Council of the City of Elsinore,
California, did in open session on the 22nd day of September,
1930, after the hour of 7:00 o'clock P. M., publicly open,
examine and declare all sealed proposals or bids for the
purchase of all, any, or any part of the series of the Muni-
cipal Improvement Bonds of the City of Elsinore, California,
described as follows:
A. saries'.of Municipal Improvement Bonds in the
total par value of $22,500.00, issued for the purpose of the
acquisition, construction and completion by said City of El-
sinore of a certain municipal improvement, to-wit: The con-
struction of additions to the present Sewer System, including
Sewer Mains and all appurtenances thereto.
Said bonds will each be dated August 1, 1930,
and will be twenty-three (23) in number; bond No. 1 to be of
the par value of Seven Hundred Fifty and nO/lOO ($750.00)
Dalla rs, and shall be due an d payable on the 1st day of
August, 1931.
,,-....-;"
Bond No. 2 to be of the par value of Seven Hun-
dred Fifty and nO/lOO ($750.00) DOllars, and shall be payable
on the 1st day of August, 1932.
Bonds Nos. 3 to 23, both inclusive, shall be of
the par value of One Thousand and nO/lOO ($1000.00) Dollars
each, and one each of said bonds shall be due and payable on
the 1st day of August of each and every year from 1933 to
1953, both inclusive.
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Said bonds shall bear interesit at the rate of
five and one-half (5i%) per cent per annum, payable semi-
annually on the 1st day of February and August of each year,
both interest and principal to be payable at the office of
the Treasur.er. of the City of Elsinore, Elsinore, Californiao
BE IT RESOLVED: That the said Council hereby
rebects all of said proposals or bids except that next herein
mentioned and hereby accepts the proposal ofl.TIC;.JJ~ LA.:KIT1\I,Y 'Ch.j
for the purchase of said bonds for the following
price, to-wit: Par i;;'22,500.uo, ;Jlus accrued interest to (In.ic of c'eLL'rery,
f "11 r'r, ('0 C, -l- ]T,. , 1" .,,~.L ." .
together viith a preAi~~ the ''C{)ty' bie;k'\~e~dlC'rtyeT;~1~s~~~;~ ~J~Oe (Tle~~by
authorized and directed to deliver said bondS to the said pur-
chaser upon payment into the City Treasury of the City of Elsi-
nore of the amount of his bid, and the said City Clerk is hereby
further directed to return to all unsuccessful bidders any
check deposited by them as a guaranty with his bid.
I, C. J. Kalina, the duly elected, qualified
and acting Clerk of the City of Elsinore, California, hereby
certify that the foregoimlg resolution was duly and regularly
introduced and adopted by the Council of said City at its
meeting held on the 221J.d day of September, 1930, by the follow-
ing vote:
Ayes: Ccund.l:!c..i:- "";11.1100161', J.:=.,jll~2:,
..t..~:Lee ,
a11(; C. ,f.. .I.,,()'lC j oJ'.
Noes: Hone
Absent: Counci::_;'ian~." . C .Lan:]f:teff
Cle
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the Ci tyof E sinore.
I hereby approve the foregoing resolution this
22nd day of: September, 1930.
6,
Ma yor
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