Resolution 1920/12/06
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By motion of c. C. Lester, seconded by C. w. Schemel ancI car-
ried the following resolution was alopted:
m.~ II' HJ~80IJVlm that the City of Gilroy, a }lunicipal Corpora-
tion, through its Mayor and Common Council, accept the offer of
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Coast Counties Gas and Electric Company foY' a lease of :i ts Hunici-
pally owned Gas and lUectric Plants anrl systems in the City of Gil-
roy, pursuant to the notice to bidders dated NOTember 17, 1920, ~
si~ned by the City Clerk of the City of Gilroy, statin~ that the
City of Gilroy would lease its ~as plant and distributin~ system
and its interest in and to its electri~ light and power poles, lines
and wires in the City of Gilroy, subject to the "present lease there-
or, it being understood that the offer of Coast Counties Gas and ~l-
cctric Company, dated NOTember 14, 1920, md now on file in the of-
fice of the City Clerk and whereby Coast Counties Gas and Electric
agrees to purchase from the City of Gilroy its interest in and to
its municipally owned Gas plant and clistri buting system, ancl its
interest in and to its ~lectric light poles and power lines for the
sum of Twenty-four thousand IJollars be embodied in said lease as a
part of the consideration thereof, and that said lease contain a
clause whereby the City or Gilroy shall haTe the right to terminate
and cancel the lease in case of an actual and bona fide sale or said
plants pursuant to power to be Tested in the people or the City of
Gilroy by the Legislature of the State of California, upon the City
of Gilroy paying to the Lessee all money due to it under said
lease and all prior leases in which the Lesseemay haTe an interest,
and, the },'ayor and City Clerk of the City of Gilroy are hereby di-
rected to execute such lease on behalf of the City of Gilroy as
its act and deed.
Vote, Ayes, Councilmen R. J. Chesbro, C. C. Lester, A. W.
Brown, Wm. Radtke, fie M. Martin, C. W. Schemel, Noes, Councilmen,
None; Absent COl1ncilmen, None.
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