HomeMy WebLinkAboutMinutes - August 14, 1909Public Hall, Lodi, California, Aug. 14, 1909
The Board of Trustees of the City of Lodi convened in adjourned regular session pursuant
to adjournment of Aug. 9, 1909, President G. E. Lawrence Presiding and the following
other members of the Board being present; J. M. Blodgett, F. 0. Hale, C. A. Rich & L.
Villinger.
Hon. E. I. Jones, legal adviser of the Board was also present.
The minutes of the previous meeting were read and approved.
The following bids for the $126,000, Municipal Improvement Fund Bonds, having been
received by the City Clerk not later than 3'oclock p.m. this day, were then opened and
read:
The First National Bank of Lodi, offering for the entire issue the sum of par, accrued
interest to date of delivery, and a premium of $134,696.52, accompanied by a Certificate
of Deposit of $2520, payable to the order of J. M. McMahon, City Clerk;
Jas. H. Adams & Co. of Los Angeles, offering for the $50,000 Sewer Bond the sum of
par, accrued interest to date of delivery, and a premium of $2010, accompanied by a
Certified check of $1100, payable to the City Treasurer;
Jas, H. A. Adams & Co. of Los Angeles, offering for the $76,000 Water & Light bonds
the sum of par, accrued interest to date of delivery, and a premium of $3,085,
accompanied by a Certified check of $1,700, payable to the City Treasurer.
Whereupon the following resolution was read and introduced for adoption:
Resolution;
Whereas the bid tenders by The First National Bank of Lodi, California, for the $126,000
Municipal Improvement Bonds of the City of Lodi, Being in the sum of $134,696.52,
with accrued interest, is the highest and best bid received for said bonds; therefore,
be it resolved, the said bid of the First National Bank of Lodi be and the same is hereby
accepted.
Done in adjourned regular session of the Board of Trustees of the City of Lodi this 14th
day of August, 1909.
Attest: G. E. Lawrence, President of the Board of Trustees
J. M. McMahon, City Clerk
It was moved and seconded that the foregoing resolution be adopted as read, which
motion was carried by the following vote:
Ayes: J. M. Blodgett, f. 0. Hale, G. E. Lawrence, C. A. Rich and L. Villinger
Noes: None
Absent: None
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It was thereupon declared that the bids of Jas. H Adams & Co. were rejected, and the City
Clerk was instructed to return the Certified Checks to said bidder.
A communication from Cary Bros. making certain representations and propositions to the
Board in regard to the Water and Light Plant, was read and filed.
No further business coming before the Board, the Board then adjourned.
Attest: J. M. McMahon
City Clerk
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