HomeMy WebLinkAbout11/11/1914 - Adjourned Regular MeetingCNZA
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City R^i_1,ToN ort Beach,Cal.lni 11th,1914.
The Board of Trustees of the City of Newport Beach. mat I" spncic'_
session called by President Parkinson,
The President called the meeting to order and the roll was ca_ TV
shpwinC there were present trustcec :W.K.Parkinoon;Z.R.Jumper;7.A.
Robindon;C.H.'.4ay and G,P.Nilson.I'ono Abccnt.
The cell was then read showing that the Board had been cnry -•nr3 t,.
take action in the matter of disposing; of the bondn of t,_c,. ^i
Awport Beach In the sum of '".20,000.00 to provide funds for tU
construction of the Street Lighting System;also to pass such der: ^;r'
as might be presented.
William. R.Stoats Co of Los Angeles bid par and accrued iit. -roo!
date of delivery: Paynaht for and delivery of bonds to be m.cde n-,
follows;05000.00 as soon as bondc.are ready for delivery and *0010,
every thirty days until the entire issue has been taken up,aith tiv.
understandins that .thc bidder may anticipate thew pay:cmenLKAV
subject to the pa. ^.sin;, on the issue by the lac; firm of 0 ":elvc:
Stevens and Milliken. Certified check for 14:00.00 accompanied c
bid. There beinZ no other bids received.
Moved by trustee S.R.Jumper,reconded by trustee H.A.Robiaso:_, v6
carried,that the bonds of the city of New,rt Beach in the :.um cf
t20,000.00,known as the "street lightQ6 system bonds" be gold t.
William R.Staats Co,of.Los Angeles,at their bid of par and accr•v.::
interest to date of delivery;per their agreement dated Fovember 130
1914.Said agreement to be signed for the city of Newport Beacl by
W.K.Parkinson President of the Board.of Trustees and attested by t,
clerk of said board. President Parkinson declared the bonds :,o1J
William P..Staats Co.
Demand /459 was presented o proveq by the finance and allosol r._
motion of trustee C.H.Tay,ssconded by trustee H.A.Robinso. "n,u
carried.
Clerk was instructed
demand 70460 to take
allowed.Demand to be
Moved by trustee CA
adjournment be taken
to issue warrant favor Crane Co on recei.pil
advantage of three percent discount to be
approved by finance committee.
.Way,seconded by trustee S.R.Jumper that
sine- •die.Carried.Adjourned. Q�