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RESOLUTION NO. 151 <br />1 <br />A RESOLUTION OF THE BOARD OF TRUSTEES OF THE CITY OF NEWPORT BRACH AS THE <br />LEGISLATIVE BRANCH THEREOF, PROVIDING FOR THE SALE OF CERTAIN MUNICIPAL <br />• 2 <br />BONDS OF MUNICIPAL IMPROVEMENT DISTRICT NO. 1 OF THE CITY OF NEWPORT BEACH <br />THEREOF AT PRIVATE SALE. <br />3 <br />4 <br />WHEREAS, at a special election held at and within Municipal improvement <br />5 <br />District No. 1 of the City of Newport Beach on the 7th day of June, 1921, <br />6 <br />there was submitted to the qualified electors of said District the proposition <br />7 <br />of incurring a bonded indebtedness is the sum of $12,500.00 for the construc- <br />8 <br />tion of a truning basin in Newport Bay; and <br />9 <br />10 <br />WHEREAS, two hirds and more of all the voters voting at said special <br />11 <br />election voted in favor of incurring such indebtedness and issuing the bonds <br />12 <br />of said District in the City of Newport Beach in the sum of $12,500.00 for <br />13 <br />that purpose; and <br />!�rAZREAS, on the 20th day of June, 1921, the Board of Trustees of the City <br />14 <br />15 <br />of Newport Beach pas -ed and adopted Resolttion No. 142, providing, among other <br />16 <br />things, for the issueance and sale of said bonds at public sale after ad- <br />17 <br />vertisement for bids therefor, and readvertised again on the 9th of November, <br />18 <br />1921; <br />19 <br />1..1H1;2EAS, due advertisement add notice of the offering of said bonds for <br />20 <br />sale has been given, made and had, and not offer or bid for said bonds, or <br />21 <br />for any part thereof, had been made to or received by the City of Newport <br />22 II Beach; <br />23 NOW .THEREFORE, it is resolved and determined by the Board of Trustees of <br />24 the City of Newport Beach as follows. <br />25 SECTION ONE. <br />26 Without further advertisement, publication or notioe, the Board of Trustees <br />27 of the City of Newport Beach determine to sell and will sell at private sale <br />• 28 to the highest bidder for cash, the municipal bonds of Municipal Improvement <br />to30 District No. 1 of the City of Newport Beach in the sum of $:'12,500.00 <br />30 authorised by the qualified electors of said Distrbt at the special election <br />31 11 Geld on tae jta day of June, 1921, for the construction of a turning basin <br />32 <br />-1- <br />