HomeMy WebLinkAboutResolution No. 41390
RESOLUTION NO.,4139
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF AZUSA APPOINTING AN ESCROW AGENT AND AUTH-
ORIZING THE DELIVERY OF CERTAIN ITEMS TO SAID
AGENT.
The City Council of the City of Azusa does resolve
as follows:
SECTION 1. Title Insurance and Trust Company of Los
Angeles, California, is hereby appointed as mutual escrow agent
of the City of Azusa and Azusa Foot -Hill Citrus Company for the
purpose of consumating the sale and purchase of 2,965 shares of
capital stock of Azusa Agricultural Water Company pursuant to
written Agreement dated December 19, 1960, between the City of
Azusa and Azusa Foot -Hill Citrus Company.
SECTION 2. George Caswell, Deputy City Clerk, is
hereby authorized and instructed to deliver to said Title In-
surance and Trust Company, as such escrow agent, pursuant to
said agreement:
1 An executed copy of said written agreement.
2 Warrant of the City of Azusa payable to Title
Insurance and Trust Company in the sum of $600,000.00.
3) Certified copy of Resolution of the City Council
approving said agreement and authorizing said purchase.
4) Certified copy of this Resolution.
SECTION 3. The City Clerk shall certify to the
adoption of this Resolution.
Adopted and approved this 30th day of January, 1961.
M41or
I hereby certify that the foregoing resolution was duly
adopted by the City Council of the City of Azusa at a regular
meeting thereof held on the 30th day of January., 1961, by the
following vote of the Council:
AYES: Councilmen: Paul, McLees, Teasley, Ortuno
NOES: Councilmen: Johnson
ABSENT: Councilmen: None
Dep y City lerk