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HomeMy WebLinkAbout1061 , .\ 1 ~ 'i , RESOLUTION ~O. 1061. A RECOLUTIOI: OF Ti:E CITY COUlW:L OF '.em; CITY OF AHC.RDIA APPHOVING ASSIGN1lENT TO J AI,US S. Di,LEY BY HASS AND RAGAN, OF AGREEi,;ENT BET'.[E::;il THE CITY OF ."RCADIA Am HASS ArID R"Gl\.N COVERING CERTAIN PRINTING AND PURLISIITllG. THE CE:Y COUNCIL OF TITE CITY OF ARCADIA DOES RBSOLVE AS FOLLO'.iS: sEcTron 1. \7HEREAS, pursuant to the advertising by the City of Arcadia for bids covering printing and publishing of ordinances, reso- lutlonn, election notices, etc., for the fiscal year 1940-41, the City of' ilrcc.C:ia d.i_d on the 2nd day of July, 1940, enter into a ce1'tain YJrittcn aSl:'oemont \'rith E\1ine; Eass !lnd \7i11 F. Ragan, a partnership, ormers and publishers of the Arcadia Tribune and Arcadia NevIs, .thereby said Ewine; Hass and \']~_11 F. ;;la[lan a::;roed to perform suid print ins and pub- 1'c3hing upon the te~ms set forth in said aGreement, and '.F'221';;"8, on the lath day of' Auc;ust, 1940, said EwinG Hass and Ifill F. Ra~an did sell said Arcadia Tribune and Arcadia News to Jamos S. Daley and in eonnection with said sale did assi[';n to said James S. Daley said agreenent with the City of Aroadia for said printin3 and publishinG, and \.llli3bA8, said James S. Daley has accepted the assignment of said ar;reemetlt and has a3reod to perform the obliGations of hio assignors under the terms of said usreement, and Y1H.i;RBA8, said James S. Daley has presented to this Council a Good and suff1eient bond in the sum of O~E TnOUSA~D ($1,000.00) D01Li\.RS to secur~l the faithful perfornance of said agreement, Non, T]{.:R'i"ORS, BE 1'1' R,~SaL'JED thnt said assin.:;ment by Rass and Ra<:;an, !lnd the acceptanoe of suoh assi:;nment by J=es S. Daley be and the same ~s heroby approved. BE IT FURTHER RESOLVED, that that certain bond in the sum of 0])2 THOUo,AND (($1,000.00) ')OLLARS, execl,lted by the Hartford Accident and Indemnity Conpany and James S. Daley be and the same is heroby appr:>ved. BI:: IT PURTRZK 3ESOLVED that that certain bond in the sum of ONi<: '.i'HuUSAND ((;;1,.000.00) DOLLARS heretofore exeouted by Hartford Accident and Indemnity Company and ~7in~ Haas and Will F. Ragan guaranteeln~ the performance of said contract be and the samo is heraby exone:rated. -1- ""Jl .\ ., . .. -. SBCTIO~. The City Clerk shall certify to the adoption of this Hesclution. I hereby certify that the forogoin3 Resolution was a.dopted at D. re:3ulc.r meetin'~ of the City Council of tl1e City of Arcadia, held on tho 17th day of _SeP.!:!clmber ,1940, by the affirmative vote of at loast threo Councilmen.. to-ui t: AYES: Gounc ilmen, Adcock, Bo1z, Leeper, Ormsby and Perkins nOES: None ABSE1~: None Signed and approved th is 17tl:do.y 0 September , 1940. rt-,aL.~ J'JflYO~ A'i'TES'l': <: ~ ,,~~-- City C~k. -2-