HomeMy WebLinkAboutReso 1924-100 'c`'' ,a r y `4)
w...� Y• 1.:.a .
RESOLUTION NO, 000
mSOLUTION EXPENDING AND APPROPRIATING 0" 50•b ' BY THE BOARD OP TRUSTEES .OP
MIE CITY OF CHULA VIS,U .F0R PROMOTION PURPOSES,TOTHE TREASURER OF THE SAS DIEGO
:UMBER OF COMMERCE INDUSTRIAL LANDS COMMITTEE,AS A SUBSCRIPTION TO A FUND TO
PURCHASE A TRACT OF A$bVT I000 ACRES ON THE BAY OF SAN DIEGO IN THE CITY OF
:HULA VISTA,TO;DISPOSE OF TO ENTERPRISES SRRKING LOCATION THEREON,
WHEREAS,For the purpose of securing a tract of land of approximately I000
acres on San Diego Bay,in the City of Chula Vista,so that same can be readily
Reposed of for reasonable consideration to enterprises seeking locations there-
an,the San Diego Chamber of Commerce Lands Committee has caused a Subscription
therefor to be prepared and eiroulated,payable to its Treasurer upon conditions
that same is to be effective only if a total of 075000.00 be subscribed by rove
mber,Ist.I92I;and that if same becomes effective that all subscribing thereto
'hall be repaid in full with interest out of the proceeds of the sale of such
Endustrial lands when there is a surplus fund available after payment of the
?urchase price of said lands,taxes and necessary expenses to pay the same ,or re-
iaid pro-rata on said subscriptions if such fund not sufficient to repay in full
AND WHEREAS, the Board of Trustees of the City of Chula Vista deem it for the
)est interest,welfare and promotion of said .City of Chula Vista that said City
c- co
subscribe 4 6 7 O to such. subscription fund as a promotion expense for
laid City,
Now Therefore, IT IS HEREBY RESOLVED;by the Board of Trustees of the City of
(hula Vista,California,that said City do and hereby ,does appropriate ,expend and
subscribe 0 50 O o—m. to said subscription fund according to the t "ms there-
If and the City Clerk of Chula Vista is hereby authorised and directed to draw
she City Warrant of the City of Chula Vista,upon the Treasurer thereof,in favor
or the sum of $ 3700 -- in full payment of its subscription in said amount
said subscription fund for said purchase of said tract of land.
Passed Adopted and Approved by th Board of Trustees of the City of
Chula Vista,California,this day of March,I924,by the follow-
ing vote,towit: ( I
Lye s: "° ° 7Ln t fan Vy O2 a✓�, oak a ur Qa�vi u o.
oe e:' Trusteed, r
Lbsent :Trustees, 23 nun I -
( / President of the Board of Trustees
attest : a. a of the City of Chula Vista,Californh
Cy lerk of the said City • •
of Chu vyista,
Approved this 44k day of March,I924,by me. 0,0
President of the Board of Trustees of
the City of Chula Vista,California.
•
•