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In Re
<br />
<br />Reso. No. 2596
<br />
<br />Accepting Deed
<br />
<br />County of Orange.
<br />
<br />In Re
<br />
<br />Petition for
<br />
<br />Repeal of Ordinance 1054
<br />
<br />Distribution of Handbills.
<br />
<br />In Re
<br />
<br />Application
<br />
<br />Alta E. Marshall.
<br />
<br />In Re
<br />
<br />Bid to Borrow
<br />
<br />Money on Notes.
<br />
<br />Petition from
<br />
<br />Committee of Fire Dept.
<br />
<br />On mo,!on of Trustee Layton, seconded by Bruns and carried,
<br />
<br />a Resolution was introduced accepting a deed from the County
<br />of Orange covering property along Santiago Creek described
<br />as metes and bounds. The resolution was read, considered,
<br />designated Resolution No. 2596 and passed by the following vo
<br />
<br /> Ayes, Trustees Plummet W. Bruns, W. H. Penn,
<br /> Ernest H. Layton, Fred O. Rowland.
<br />
<br /> Trustees None.
<br />
<br /> Noes,
<br />Absent,
<br />
<br />#
<br />
<br />Trustees Joseph P. Smith.
<br />
<br />On motion of Trustee Layton, seconded by Penn and carried,
<br />
<br />the petition with 128 names attached, requesting repeal of
<br />
<br />Ordinance No. 1054 prohibiting the free distribution of hand-
<br />
<br />bills, circulars etc., was referred to the Council as a whole
<br />
<br />On motion of Trustee Penn, seconded by Layton and carried,
<br />
<br />the application of Alta E. Marshal to erect a duplex on the
<br />
<br />northeast corner of McFadden and Cypress Avenue, was referred
<br />
<br />to the Planning Commission for consideration.
<br />
<br />On motion of Trustee Penn, seconded by Layton and carried,
<br />
<br />the Clerk was instructed to proceed to open bid for the 'City
<br />
<br />of Santa Ana to borrow money on notes to the amount of Fi£ty
<br />
<br />Thousand Dollars ($80,000.00), as follows:
<br />
<br />Los Angeles, Calif.
<br />September 26, 1958.
<br />
<br />Honorable City CounCil,
<br />City of Santa Aha,
<br />California.
<br />
<br />Gentlemen:
<br /> For the $80,000 par value NOTE of the CITY OF SANTA
<br />ANA, as advertised in your regular printed notice of sale, we
<br />hereby bid you par and accrued interest to the date of delive
<br /> The NOTE above bid for is more particularly des-
<br />cribed as follows:
<br /> $80,000 par valme NOTE of the CITY OF SANTA A~A,
<br />Orange County, California; of the denomination of $80,000;
<br />said NOTE to be ~ated as of the day of delivery thereof and
<br />to be payable to bearer on or before December 31, 1938 but
<br />not prior to December 24, 1938, said NOTE to bear interest
<br />at the rate of two per cen~um (2%) per annum; said interest
<br />to be computed on the basis of~three hundred and sixty-five
<br />(3~) days per year and to be paid at maturity of said NOTE.
<br /> The above bid is made with the understanding that
<br />~f successful, we shall be furnished at no expense to our-
<br />selves, with the satisfactory opinion of our attorneys,
<br />approving the legality of the above described NOTE in all
<br />respects. This bid is further conditioned that delivery of
<br />said NOTE shall be made on or before October 4, 1938.
<br /> Respectfully submitted,
<br />
<br />BANKAMERICA COMPANY
<br />By John F. Eelsey.
<br />
<br />On motion of Trustee Layton, seconded by Bruns and carried,
<br />
<br />the bid of the BA~I~.RICA COMPA2~Y was accepted,subject to
<br />
<br />the approval of the City Attorney and arrangements for final
<br />
<br />delivery of notes.
<br />
<br />The report of the committee was heard and received and on
<br />
<br />motion of Trustee Bruns, seconded by Layton and carried, the
<br />
<br />petition of the Association of Fire Fighters dated August
<br />
<br />18th, 19~8, requesting that arrangements be made for absence
<br />
<br />
<br />
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