HomeMy WebLinkAboutResolution No. 418- , RALUTION 418.. •
A RESOLUTION, OF THE BOARD OF TRUSTEES OF THE CITY OF AZUSA,
AWARDING THE SALE OF SE, MtTTY MN IC IPAL WATER SYST Mal MMOVE?MTT
BONDS ALM FORTY MUNICIPAL ELECTRIC SYSTEM IMPROVEMENT BONDS,
OF THE,. DENOMINATION OF FIVE HUNDRED DOLLARS EACH, TO N.W.HALSEY
AND COMPANY,
THAT WHEREAS, the Board of Trustees of the ,Pity of Azusa,
by Resolutions NO 416 and 417, determined that the sale of
the Municipal Water System Improvement Bonds and the Municipal
Electric Sjrstem Improvement Bonds, and aggregating the sum
of Nifty-five.Thousand Dollars, should be made at private
sale at the best price obtainable but in no case less than
par value with accnued interest, and
WHEREAS, N.T.Halsey and Company have offered for said BONDS
an amount in excess of the requirements of said Resolutions
which price in the opinion of said Board of Trustees of said City
is reasonable and fair, and the best price obtainable;
NOW THEREFORE, the Board of Trustees of the City of Azusa
do resolve as follows;
Section, 1. That the bid of N.W..HALSEY AND COMPANY, to-witi
the sum of FIFTY-FIVE THOUSAND DOLLARS, with interest on the
same from the date of said BONDS to date of deliverjr, and the
further sum of TWENTY-FIVE Hundred and Thirteen and 5OA00
Dollars, for said Bonds be and the same is hereby agcepted,
and said Bonds are hereby sold to said No Halsey and Company
at the price named in their bid as hereinabove set forth, said
0
89
C.W Bouldn
City Cler ; of the City of Azusa,
hereby certify that the foregoing Resolution was passed
by the Board of Trustees, signed by the President of said
'Board and attested to by the City Clerk all at a regular
meeting held the 2nd day of December 1914, by the following
votet
Ayes; Thompson, Patty, Clark, Collins,
Noes; None. r
Absent;Baines.
City Clerk of the City of Azusa,
(Seal)