HomeMy WebLinkAboutResolution - 786 RE50LU-j'_TDN NO. 786
A RESOLUTIUN AUTHORIZING THE 80FROWINGj
OF MONEY FRDM THE UNITED CALIFORNIA 8ANK
1 WHLHLAS ttle City of San Jacinto has ContrSCt2d fo-r borrowing mertey to
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2 i properly pay off the firctruck from Caagray.2S Corporation, and
3 WHF 0 -fered t Ind the ium f
Fjrg,ej� L United ralifornia Bank has F 0 a E 0
4 'Eleven Thousand and No/IDO DOLLARS ($11,000,00) for the present budget year
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51 ,,;�jt the rate of four and one—half percent (4.5%) per ennUM to the city or
6 '.San Jacintog and
7 UIHEREAS it is necessary for a new note to be issued for this new
8 l�budget year,
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9 NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of
10 15an Jacintoj, Sitate of California, in regular session assembled this 2nd bay
11 of July, 1968, that the Mayar, William J. Young; or in his absence the
12 IMayor Pro Tempare� Ray A. Brooks, together with the Cit(_Clerk, Lucy May
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13 ! Allen; are hereby authorized and empowered to borrow -the sum of SUP000.Ou
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14 for a period of Thrvp Hundred Sixty—two(362) days at the, rate of 4,,5% per
15 iiannum interest and said officers are duly empowered and authorized to
16 �execute that certain promissory note dated July 1 a 196B for the face
11 of SlIjU00.00 for a period of Three Hundred s-1 x t y—two (362) days
18 �at the rate of 4.5% per annum interest in accordance with the terms of the
19 promissory note,' Exhibit "All hereinII, and
20 the L.Lty of into
BE IT FURTHER R�ESOLV7D by the City Council of San Jac
21 that all acts of the Mayor and the said City Clerk M the executing of the
22 ipromissary note, Exhibit "All hereinv are hereby ratified and deemed to be
23 acts of this City Council.
24 ADOPTED AND ED.IGNED TFilSi 2nd day of Jtjlyg 1968.
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26
71iliam J7. Young 2�
27 ITrLSr: _L am Young day
28
Lucy May Allenv, :City Clark
29 CERTIFICATE
30 The foregoing Is ce-rti.Fied to be a true copy of a Resolution duly
ladopted by the sairi Cjt�y roullcil of the City of San Jacinto on the dots
31 Itherein set forth.
LUCY MAY ALLEN, CITY CLERK
32
NIMOCKS 6t
C.WICKHAMj
TTORNEYS AT LAW D
A EPU tv
163 E.MAIN STREET
;AN JACINTO,CALIF.
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