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RESOLUTION NO. 490.
A RESOLUTION OF THE CITY COUNCIL AND BOARD OF TRUS-
TEES OF THE CITY OF ARCADIA AWARDING THE SALE OF $45,000.00 AR-
CADIA PUBLIC LIBRARY BONDS, 1929, TO THE DETROIT COMPANY.
THE CITY COUNCIL AND BOARD OF TRUSTEES OF THE CITY
OF ARCADIA DO RESOLVE AS FOLLOWS:
WHEREAS, at a regular meeting of the City Council and
Board of Trustees of the City of Arcadia, held on the 6th. day
of February, 1929, bids for the purchase of ARCADIA PUBLIC LIA-
BRARY BONDS, 1929, in the sum of $45,000.00 were opened and re-
ceived as follows:
By R. H. Moulton & Company, par, ac-
crued interest to date of delivery of
said bonds and premium of
$487.00
By G. W. Bond & Son, par, accrued inter-
est to date of delivery of said bonds
and premium of
By William R. Staats Co., par, accrued
interest to date of delivery of said
bonds and premium of
By The Detroit Company (Incorporated),
par, accrued interest to date of delivery
of said bonds and premium of
$1015.00
$1038.00
$1527.00
and
WHEREAS, at said regular meeting all bids except that
of THE DETROIT C01~ANY (said bid being the highest andbest bid
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received) were rejected and the City Clerk was ordered to return
to the unsuccessful bidders the certified checks accompanying
their respective bids,
NOW THEREFORE BE IT RESOLVED: That the
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action taken I
regular meeting!
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by said City Council and Board of Trustees at said
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in rejecting all bids except that of said THE DETROIT COMPANY,
be and the same is hereby ratified and confirmed and the bid of
said THE DETROIT COMPANY for said $45,000.00 Arcadia Public Librar
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Bonds, 1929, at par, accrued interest to date of delivery of said
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bonds and a premium of $1527.00 be accepted and said bonds sold
to said THE DETROIT COMPANY at said price.
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The City Clerk shall certify to the adoption of this
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Resolution.
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The foregoing Resolution w~s adopted at a regular
meeting of the City Council and Board of Trustees of the City of
Arcadia, held on the 6th. day of February, 1929, by the affirm-
ative vote of at least three Councilmen and Trustees, to-wit:
AYES: Councilmen and Trustees, Bolz, Granville, Holt,
Multer and Schermerhorn,
NOES: None,
and approved and signed this 6th. day of February, 1929.
?f II ?l:;~ ----
and President of the City Council and
Board of Trustees.
ATTEST:
6t~?):2~~
City CterkL '