HomeMy WebLinkAboutResolution No. 4124RESOLUTION NO. 4124
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
AZUSA APPROVING AN AGREEMENT AND AUTHORIZING THE
PURCHASE OF 2,965 SHARES OF CAPITAL STOCK OF AZUSA
AGRICULTURAL WATER COMPANY.
The City Council of the City of Azusa does resolve
as follows:
SECTION 1. That certain proposed Agreement between
Azusa Foot -hill Citrus Company and the City of Azusa, re-
lating to the sale and purchase of 2,965 shares of the capital
stock of Azusa Agricultural Water Company, is hereby found and
determined to be fair, just and reasonable and prompted by the
necessities of the situation. Said proposed agreement is
hereby approved and the Mayor and Deputy City Clerk are hereby
authorized and instructed to execute the same in the name and
on behalf of the City of Azusa.
SECTION 2. The purchase by the City of Azusa of said
2,965 shares of the capital stock of Azusa Agricultural Water
Company mentioned in said agreement is hereby authorized and
approved pursuant and subject to the terms of said agreement.
SECTION 3. The Mayor and Deputy City Clerk are hereby
authorized and instructed to take all steps necessary and to
execute such escrow instructions and other instruments as may
be necessary to carry into effect the terms of said agreement.
SECTION 4. The Deputy City Clerk shall certify to the
adoption of this resolution.
Adopted and approved this 3rd day of January, 1961.
May
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 3rd day of January, 1961, by the
following vote of the Council:
AYES: Councilmen: Paul, McLees, Teasley, Ortuno
NOES: Councilmen: Johnson
ABSENT: Councilmen: None