HomeMy WebLinkAboutReso 1921-57 RESOLUTION NO. 57
RESOLUTION NO. S` -
RESOLUTION ACCEPTING THE OFFER OF THE SOUTHERN TRUST & COMMERCE BANS OF PAR
AND ACCRUED INTEREST FOR A PORTION OF CITY HALL AND FIRE DEPARTMENT HOUSE
AND EQUIPMENT COMBINED BONDS OF TEE CITY OF CHULA VISTA AND AUTHORIZING &
INSTRUCTING TEE CITY TREASURER OF SAID CITY .TO E%.V.MID THE PROCEEDS THEREOF
IN VICTORY BONDS OF THE UNITED STATES AT MARKET VALUE AND TO PAY A COMMISSION
FOR SUCH LAST NAMED TRANSACTION.
Resolved,by the Board of Trustees of the City of Chula Vista,California that
he offer of the Southern Trust & Commerce Bank of the City of San Diego for the
urchase of $I200.00 of City Hall & Fire Department -House &Equipment Combined
,onds of said City of Chula Vista at par and accrued interest be accepted ands
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le it Further Resolved that the City Treasurer of the City of Chula Vista be and
s hereby authorized and instructed to invest the proceeds of the sale of said
onds in Victory Bonds of the United States,by purchase of the same at market
slue from the said Southern Trust & Commerce Bank and pay said Bank 2% commies-
on upon said Victory Bond transaction.
Passed ,adopted and apptoved by the Board of Trustees
of the City of Chula Vista,California this 36) day
of May,I92I,by the following vote ,towit :
,yes: - e - //l/ `il 1 . _ -
foes: � O
Lbsent : 77�--y4k,
L.. y
President of he Board of Trustees of
the City of Chula Vista, California.
ktteet: t eA/dAssr
-City Clerk of said City of
Chula Vista.
Approved this C, 3) day of May, I921.
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,; `t -.il president o said Board of Trustees.
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