HomeMy WebLinkAboutResolution No. 1370'-u1'� � -•may•
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RESOLUTION NO. D _.
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA
AUTHORIZING AND DIRECTING THE MAYOR AND CITY CLERK TO EXECUTE
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AND SIGN THE ATTACHED CONTRACT DATED DECEMBER 1933, BETWEEN
ASSETS RECONSTRUCTION CORPORATION, LTD., AND THE CITY OF AZUSA,
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A MUNICIPAL CORPORATION -
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WHEREAS the City of Azusa claims some interest
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in and to and respect of Bank of America, National Trust & Savings
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Association, Trust No. B.A.-243, and also claims an interest in
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that certain Order executed by one Henry W. Scott for the payment
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of some $4,223.00 to said City of Azusa which said Order is em -
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b�r8*cred=b in the said Trust; and
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WHEREAS the property covered by said Trust
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No. BA -243 is in.litigation by reason of foreclosure of improve -
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ment bonds and possibly other litigation; and
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WHEREAS it is desirable and to the best in -
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terests of the City of Azusa that said matters be adjusted so
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that some recovery may be had of said $4,223.00; and
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WHEREAS said Assets Reconstruction Corporation,
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Ltd.., desires to dispose of the unsold lots in said Trust involved
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and which are described int the attached Agreement marked Exhibit
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A and made a part of this Resolution, and has further agreed with
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the City of Azusa to pay to said City the sum of $10.00 per lot
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when conveyed in accordance with the Agreement hereto attached
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and to apply on said $4,223.00.
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NOW THEREFORE, BE IT RESOLVED that the City
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of Azusa, State of California, hereby accepts the proposal of said
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Assets Reconstruction Corporation, Ltd., and hereby agrees that
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the said Assets Reconstruction Corporation, Ltd., may sell and dis-
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pose of such unsold lots and convey the same upon complying with
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the terms of said Contract hereto attached.
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BE IT FURTHER RESOLVED that the Mayor and the
City Clerk be and they are hereby authorized and directed to
sign and execute the said contract with Assets Reconstruction
Corporation, Ltd., hereto attached, for and in behalf of the
said City; that the City Clerk is directed to attach the ,goal of
said City to said Contract.
I hereby certify that the foregoing
is a true and correct copy of a. Resolution duly and regularly
passed and adopted by the City Council of the City of Azul,
California, at a regular meeting held on the 4th day of December,
1933, by the following vote of the Council: -
AYES: %72 771,1.,- %juc
NOES:J7rrr
ABSENT: %Zorn--
CIITY CLERK 0 OF AZUSA
APPROVED THIS DAY OF DECEMBER.. 1933.
MAYOR OF THE CITY OF AZUSA.
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