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Exhibit
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RESOLUTION OF AIl"'ARD NO. 40.
1
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WHEREAS, at a regular.meeting of the Board of Trustees of
2 the City of Arcadia, held October 1, 1919, bids for the purchase
:3 of the entire issue of $150,000.00, "Arcadia Water Bonds, 1919"
4 were opened and received as follows:
5
By THE NATIONAL CITY COw~ANY OF CALIFORNIA, par, accrued
e interest to da te of delivery of said bonds and a premium of
7 $6540.00;
e
By ARONSON & COMPANY, par, accrued intsrest to date Df
9 delivery of said bonds and a premium of ~4225.00;
10
By LUMBERMENS TRUST COMPANY and BLANKENHORN, HUNTER-DULIN
11 COMPANY, par, accrued interest to date of delivery of said bonds
12 and a premium of $7510.00;
By _ R.E. M.OULTON & COMPANY, par, accrued interest to date of
13
14 delivery of said bonds and a premium of $2715.00;
By TORRANCE~lARSHALL & C01~ANY, par, accrued interest to
16 date of delivery Df said bonds and a premium of $3888.00;
By BANK OF ITALY, par, accrued interest to date of deliv-
18 ery of said bonds and a premium of $4328.00;
11)
By STATE BOARD OF CONTROL, par, accrued interest to date
20 of delivery of said bonds and a premium of ~i15.00;
21
VmEREAS, at said regular meeting all bids except that of
22 said Lumbermens Trust Company and Blankenhorn, Hunter-Dulin Company
23 (said bid be ing the highest and best bid received), were re je cted
24 and the City Clerk was ordered to return to the unsuccessful bidder
25 the certified checke accompanying their respective bide.
26
NOW THEREFORE BB IT RESOLVED: That the action taken by
27 said Board at said regular meeting in rejecting all bide except
28 that of said Lumbermene Truet Company and Blankenhorn, Hunter-Duli
21) Company, be and the same ie hereby ratified and confirmed and the
30
id of said Lumbermens Trust Company and Blankenhorn, Hunter-Dulin
ompany for said $ll,>O,OOO.OO "ARCADIA ViATER BONDS, 1919" the same
31
32 eing 160 in number; 120 of said Bonde of the denomination of $1000.0')
each, !iU!Jll.HH'ed :trom
1 to 120, both inclusive, being payable as
follows:
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ATTEST:
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