HomeMy WebLinkAboutResolutions - No. 2036RESOLUTION NO. 2036
WHEREAS, the City Council on May 24, 1957, entered
into a certain contract for the purchase of approximately
13 acres of the ESTELLA M. SMITH property lying immediately
West of Lodi Lake and bounded on the lest by the Southern
Pacific Railroad tracks; and
WHEREAS, the total purchase price of said property
was the sum of $35,100.00, payable $10,000.00 at this time,
$12,550.00 on or before January 15, 1958 and $12,550.00 an
or before January 15, 1959;
NOW, THEREFORE, BE IT RESOLVED bar the City Council
of the City of Lodi that there be, and there is, hereby
created a special fund to be known as the "ESTELLA M.
SMITH LAND PURCHASE FUND", and that there be transferred
from the general funds of the City of Lodi to said special
fund the sure of $25,100.00 in order that moneys will be
available to pay the installments of said purchase price
when the same become due and payable.
Certified to be a full, true and correct
copy of Resolution No. 2036 passed and
adopted by the City Council of the City
of Lodi in adjotrned-meeting held June 26,
1957.
HENRY A. GLAVES, JR.
City Clerk