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HomeMy WebLinkAboutReso 1988-13644 Revised 7/5/88 RESOLUTION NO. 13644 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROPRIATING FUNDS FROM IMPERIAL SAVINGS BANK ACCOUNT AND AUTHORIZING EXPENDITURE OF SAID FUNDS FOR A LIBRARY HISTORIC PHOTO MURAL The City Council of the City of Chula Vista does hereby resolve as follows: WHEREAS, in October 1938, William H. Sallmon, a local rancher, donated $1,000 to the Chula Vista Public Library, and WHEREAS, after the Library Board was unable to find a suitable investment for the ~1,000 donated, it voted at the December 7, 1938 meeting to deposit the money in a savings account, and WHEREAS, in ensuing years, this donation was used as an endowment and the interest earned was used to purchase books considered too costly to be bought from the regular book budget, and WHEREAS, since 1977, the account has remained inactive --~nd now has over $4,000 in it, and WHEREAS, the Library proposes that this account be closed and the funds be applied to the installation of a historic photo mural in the lobby of the Library to be called Chula Vista Heritage. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista does hereby appropriate ~4,055 from Imperial Bank Savings Account 041-0021407 and authorize transfer of said funds to the Friends of the Library for expenditure of said funds for a Library historic photo mural. Presented by Approved as to form by Rosemary~ary Director D. Richard Rudolf, ~s~s[s~ant City Attorney 4242a _-- ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF CHbLA VISTA, CALIFORNIA, this 21st doy of. June 19 88 , by the following vote, to-wit: AYES: Councilmembers McCandliss, Nader, Malcolm, Cox NAYES: Councilmembers None ABSTAIN: Councilmembers Moore None ABSENT: Counc i 1 members Mayor Of of Chulo Visto ~,TTEST ~}2/2~ ~ g2z~~ ~ City Clerk ;TA, OF CALIFORNIA ) ;OUNTY OF SAN DIEGO ) ss. :fly OF CHULA VISTA ) I, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Chulo Visto, Colifornio, O HEREBY CERTIFY thor the obove ond foregoing is o full, true ond correct copy of RESOLUTION N0. 13644 ,ond thor the some hos not been omended or repeoled ~TED ~ City Clerk CIIY OF LHULA VISTA ;-660