HomeMy WebLinkAboutResolution No. 416FM
RESOLUTION NO 415.
A RESOLUTION OF THE BOARD OF TRUSTEES OF THE CITY OF AZUSA
13TER11INING THE FANNER IN WHICH. THE BONDS AUTHORIZED TO BE
ISSUED UNDER RESOLUTION NO 411 OF THE CITY OF AZEEA, PASSED
ON THE 9th DAY OF NOVE3d3' LR 19149 SHALL BE SOLD.
Resolved by the Board of Trustees of the City of Azusa,
as follows;
Section 1. Vhereas, at an election held on the 24th day of
October,1914, the qualified electors of the City -.i of Azusa, at
a special election, authorized the issuance of municipal
electric distributing system bonds in the sum of Twenty -Thousand
(020,000.00) Dollars and
Whereas the Board of Trustees of the City of Azusa have
provided in Resolution NO 411 passed the 9th day of Vovember
1914, and in Resolution NO. 414 passed the 2nd day of December,
1914 for the issuance of said bonds and
Whereas said Board of Trustees has received favorable offers
for said bonds without the necessity of she time and expense
taken in advertising the same at public sale
Now Therefore, the Board of Trustees hereby determines
that the sale of the Municipal Electric Distributing System
Bonds in the sum of Twenty Thousand (020x000.00) Dollars•
be made at private sale at the best price obtainable thereat
but in no case less than par value with accrued interest.
Section 2. The City Clerk shall certify to the passage
of this Resolution and the same shall take effect and be in
full force immediately upon its passage.
President of the Board of Trust
City of Azusa.
ATTEST:
I 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,19141 by the following
vote;
..a
171
Ayes; Thompson, Petty, Clark, Collins.
Does; None.
Absent; Barnes.
a-/,(
Gi y erk of the Ulty or Azusa,