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Awarding Sewer Bonds, 1948 RESOLUTION NQ. �7��
RESOLUTIQI� OF TH�, CITY COUNCIL OF
T� CITY �F CHULA VISTA, CALIFORNIA,
AWARDING SEWER BONDS, 194B, OF SAID
CITY TO THE BEST BIDDER.
WHEREAS, at the time and place Pixed Por the
opening of the bids for the �194,000 SEYV�'R BONDS, 1948,
of the City of Chula Vista, all bids were publicly
opened, examined �nd re�d., and a tabulation thereof nas
been entered in the minutes ; and
WHEREASs th.e bid of trie bidder hereir_after
nar7ea is the '�ighest and best bid made by a responsible
bidder for said bonds ;
NOJU, THEhEFOREt t�.e Cit�r Council of the City of
Chula Vista� Callfo?'��ia� DOF;S HEREBY RESOLVE �!N� DETERI�IlINE
as follows :
Section lo That the bid of J�f.��_i�W�N � �vl�:YriNY, by
I�iILl;:i �'LLIYi�iPJ s
offering par, accrued interest to date of delivery and a
prsmium of � 1709.00 � for said bonds, to bear interest
at the rate of 2.3/4 �I per annum, pa,yable semiannuall,y,
is the hi�hest and best bid for said bondsa Said bid ig
hereb,y accepted and the bonds awarded to said bidder in
accordance with the terms of its proposalo
Section 2. That all bids, other than the one
accepted in Section 1 hereof, arE re iected anc? the Cit,y
Clerk is dir�cted to return the checks accompanyin� s�.i.d
rejected bids to the respective biddersa
Section 3. That the interest rate on said bonds
be and it is hereb,y fixed at _ `'•3�4 � per annum,
pa�able semiannually.
Section 4. The City Treasurer is hereby directed
to deliver said bonds to the successful bidder upon the
payment of par, accrued interest to date of delivery and
the premium above stated.
ADOPTED, SIC�NED A.I�TD A?'PROVED this 30th day of
March, 1948,
-----_.__1
� Mayor th � it,y of
ATTEST:�' Chula t,Tista, California
�� , �?
�ity Clerk of the City of
Chula Vista, California.
�TP_TE OF CA.LIFORNIA )
COU�?TY OF S.�N DIEGO ) ss.
CITY OF GHULA VI�TA )
I, HERBERT V. B RYANT, City �lerk of the City of
Chula Vista, �alifornia, UG HEREBY CERTIFY that the fore-
going resolution �as duly adopted by the City Council of
said City and approved by the Mayor of said C3ty at an
adjourned regular meeting of said City Council held on
the 30th day of March, 1948, and that it �v:s sa adopted by
the fallowir�g vote:
A_YES: Council.men Ilashold� Dy�son,Kidder,f�oester,f�iesland
NOES: Councilmen T1one _
ABSENT: CouncilmEn _j�s�_
�' _�
Ci y C er'� of ty of —
� Chula Vista, California.
20