Resolution 177D
r
The following Resolution is now presented and read.
Motion by Councilman Stevens,seconded by Councilman Thomas that
the following Resolution be adopted:
4 '\11t)l
RESOLUTION APPROVING THE BOND OF COAST COUNTIES
GAS AND ELECTRIC COMPANY,A CORPORATION,EXECUTED
AND DELIVERED IN CONSIDERATION OF THE GRANTING
OF A FRANCHISE STRUCK OFF AND AWARDED ON THE
SEVENTEENTH DAY OF JUNE,1947.
WHEREAS on the l7th day of June,1947, the 1~yor and City
Council of the City of Gilroy,County of Santa Clara,State of Calif-
ornia,struok off,sold and awarded to Coast Counties Gas and Electrio
Company,a corporation its successors and assigns,the right,privilege
and franchise to use the public streets,highways and alleys of the
City of Gilroy,for the purpose of constructing , maintaining and using
a gastransmission system for the sale and distribution of gas, for
heat,power and all lawful purposes and any of them for the term of
twenty-five (25) years; and
WHEREAS said Coast Counties Gas and Electric Company,pur-
suant to law and the provisions of the resolution of intention
adopted by said Mayor and City Council on the 5th day of l~y,l947,
has duly executed amd delivered to said Mayor and City Council a
bond in the penal sum 01' One Thousand Dollars ($l,OOO.OO) bearing
the date of l5th day of June,l947, in acoordance with the conditions
prescribed by law and by said resolution of intention; and
~EEREAS upon the investigation and consideration it appears
to the satisfaction 01' the said Mayor and City Council that said
bond is in proper form and that said bond has been duly executed
by said Coast Counties Gas and Electric Company.
Now, Therefore, be it
RESOLVED: By the Mayor and City Council of the City of
Gilroy,County of Santa Clara,State of California,that the
said bond be and it is hereby accepted and approved.
Adopted by the Mayor and City Council of the City 0 f Gilroy,
County of Santa Clara,State of California, on the l7th day of June,
1947, by the folloWing vote:
AYES:
Councilmen George M.Mason,Nat Heiner,Ray L.Stevens,
James B. Thomas.
NOES:
Councilmen
None
ABSENT:
Councilmen George A.M~tin,J.H.Wentworth.
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Mayor of the City of Gilroy
ATTEST:
(5.G,,~
Ci tv Clerk of th Ci tv -of Gilrov