19340210 Regular City Council Meeting - Minutes
MIN'tJmS OF AN ADJOURNED REGULAR. 1nmT nm OF
THE CITY COUNCIL OF THE CITY OF ~OH,
HELD ON SATURDAY, FEBRUARY la, 19M, AT
11:00 O.CLOCK A. M., AT THE CITY HALL OF
THE CITY OF VERNON, 4305 SANTA FE AVENUE,
VERNON, CAL IFORNIA.
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~'he mee1ting was called to order by the Mayor, J. S.
Furlong..
Councilmen present:
Councilmen absent:
Furlong, Durbin, Levy, Peralta
Le on is
It was moved by Peralta, seconded by Levy, that the
re.ading of the Minutes of the prev ious meet ing be dispensed
with. Kat ion carried.
At this time Weeden & Co., of Los Angeles, Cali-
fornia. presented to the City Council. a. bid for the purah&se
of $60.000 Cit.y of Vernon Light and Power Works Plant and Dis-
tribution System bonds, voted September 10,1930, in the follow-
ing form:
WllEDEN &- CO.
650 South Spring Street
Los Angeles
Tr iuity 8914
February 9, 1.934
City Council,
City of Vernon.
Cal ifornia.
Gent lemen:
For the legally issued $60,000 City
of Vernon Light and Power Works and Distributing
System stts, due 1968. interest payabl.e. semi-
annuaJ.1y', offered for aale February 10, 1.934, we.
are pleased to bid par plus acaraed intereat to
date of delivery, subject to a satisfactory legal.
-opinion being furnished within a. reasonable time.
As evidence of our good fa.ith, we a.t-
tach hereto our certified check for $6,000 which
may be reta.ined as. part PaNment in case our- bid
is accepted, otherwise we would apprecia.te its
prompt return.
Yours very truly,
WEEDEN & CO.
By Charles Vi. Cox
CIC :a.
Councilman Durbin introduced Resolution No. 743, &
resolution of the City Council of the City of Vernon authorizing
the sale of 160,000.00 in bonds to Weeden &- Co., of Los Angeles,
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California, and moved its adoption, which was seconded by
Oouncilman Peruta, a.nd carried.
It was moved by peralta that the City Clerk
a.nd City Treasurer be autharized, instruated a.nd empowered
to cancel the 150,000 worth of bonds heretofore printed
but not sold, numbering 364.7 to. 3696, incl.usive. Motion
se:coBaecl by Durbin, a.nd carried.
It was moved by Durbin, seconded by Pera1.ta., that
the City Clerk be autharized and instructed to. have printed
$60,000 warth of bonds to co.nform to. the bid of 'Needen & Co.
and Resolution No. 74.3. DDtion carried.
It was moved by Durbin, seconded by Peralta, that
the meetiDgadj ourn. Mot ian carried.
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(/ . r of the C~ty 0 emon
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