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RESOLUTION NO. 1454.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA
APPROVING BOND TO GUARANTEE THE COST OF IMPROVEMENTS AND THE TIME
OF COMPLETION THERErFIN TRACT No. 13768.
THE CITY COUNCIL OF 'rHE CITY OF ARCADIA DOES RESOLVE AS
FOLLOWS:
SECTION 1. WHEREAS, final map of proposed Tract No. 13768
has heretofore been approved by this Council subject to the approval
of bond to guarantee the cost of improvement of proposed streets
and installation of water lines in said Tract,
NOW, THEREFORE, BE IT RESOLVED, that Surety Bond executed by
Pacific Indemnity Company, as Surety, and Arcadia Company, Inc.,
as Principal, dated February 20, 1946, for the sum of Six Thousand
($6,000.00) Dollars, guaranteeing the installation of cast iron water
mains; the installation of curbs, gutters, and pavement together with
necessary grading, in said Tract No. 13768, as described in said bond
be and the same is hereby approved and accepted upon the terms and
conditions stated therein.
BE IT FURTHER RESOLVED THAT all improvements required to be
made in said Tract on said streets and installation of water lines
shall be completed within one year from the date of said Bond.
SECTION 2. The City Clerk shall certify to the adoption of
this Resolution.
I hereby certify that the foregoing Resolution was adopted at
a regular meeting of the City Council of the City of Arcadia, held on
the 19th day of March, 1946, by the affirmative vote of at least
three Councilmen, to wit:
AYES: Councilmen, Adcock, Leeper, Nugent. Ormsby and Russell
NOES: l~one
ABSENT;flone
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----arty Clerk.
Signed and approved this 12-day of March, 1946.
ATTEST:
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. City Cler .
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Mayor
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