HomeMy WebLinkAboutResolutions - No. 10-07-1918a4:
City Hall, Lodi, cal., October 7,1918.
The Board of Trustees of the City of Lodi convened in regular
session at 8 o'clock, there being present Trustees Black, Hale, Keeney,
Grose and Montgomery.
Minutes of the previous meeting were read and approved.
T'n:is being the time set for receiving bids for the purchase
of City of Lodi improvement bonds authorized under resolution of erten=-
tion No. 16, the bid of W. S. Montgomery was opened and examined,where-
upon the following resolution was introduced and adopted:
RESOLUTION NO. 25,
AUT30RIZING AND DIRECTING THE DELIVERY OF BONDS ISSUED PUR-
SUA,TT TO THE PROVISIONS OF RESOLUTION OF INTENTION NO. 16 AND "IM-
PROV3"MENT BOND ACT OF 1915,u TO THE PURCF.ASER, W. S. MONTGOMERY.
BE IT RESOLVED, by the Board of Trustees of the City of Lodi
as follows:
WHEREAS, the City Clerk pursuant to the provisions of Reso-
lution No. 24, adopted by said Board on the 16th day of September, A.D.
1918, published a notice inviting sealed bids for the purchase of
street improve:nent bonds, dated September 16th, 1918, aggregating the -
total sum of $11,399.21, and issued pursuant to the provisions of the
"Improvement Bond Act of 1915," and pursuant to proceedings taken by
said Board of Trustees under Resolution of Intention No. 16; and
WHEREAS, said Resolution 7o. 24 provided that bids would be
received by the City Clerk up to 8 o'clock P.M. Monday, October 7th,
1918, which said published notice contains a like provision, and
WHEREAS, proof has been made of the publication of said no-
tice, in The Lodi Sentinel, for the time directed in said Resolution
of this Board, and
WHEREAS, pursuant to said notice, a sealed proposal has been
received for the purchase of said b onds, within the time limited for
said protosalt and
WHEREAS, said sealed proposal has been orened and examined
by this Board, and it appQars therefrom that the bid of W. S. Mont-
gon=ry for the said bonds, mentioned in said published notice, is the
highest and best bid for said bonds, and that the same is accompanied
by a certificate of deposit payable to the Clerk of said Board, in
the sum of $1,200.00;
NOW, THEREFORE, BE IT RESOLVED, that the bid of said W. S.
MONTGOMERY, for the issue of said bonds, in the amount of $11,400.21
be accepted and the said bonds are hereby sold to the said W.S.MONT-
G{1hiERY for the sum of $11,400.21, and accrued interest;
BE IT FURTHER RESOLVED, that the President of the Board of
Trustees, and the City Clerk, be and they are hereby directed to de-
liver said bonds in the aggregate total arrount of $11,399.21 to said
W. S. MONTGOMERY. Said bonds so to be delivered consist of twenty bonds
of the denomination of $500.00 each and ten bonds of $139.92 each, and
are dated September 16th, 1918, and are of the character known as ser—
ials. Two bonds of the par value of $500.00 each, one bond of the par
value of $139.92 are payable annually from Tiny 2nd, 1920, to July
2nd, 1929, both inclusive.
Upon *notion of Trustee Keeney, s,>conded by Trustee Grose,
the foregoing resolution was adopte d by the following vote:
Ayes: Trustees Keeney, Grose, Hale, Montgomery and Black.
Noes: None.
Absent: None.
A. 11. Brown having filed an application for license to sell
and serve vinous and malt liquors with meals at the Lodi Tamale Cafe,
the said application having been advertised according to law, and no
protests having been Piled, Trustee Keeney moved, seconded by Trustee
Hale, that a license be granted. The, motion was carried by the fol-
lowing vote.