Resolution 238
I
1175
RESOLUTI01'Z NO. 238
TIESOLU'I'IOlT OF 1'EE CO:: on COUHCIL OF TLl; CITY 0 F GILHOY AUTEOHIZING
TEE Sm1REIJDER OF u.s. .-iAR E;AVIlJCi-S BONDS, 3ERrGS "G", FOR HBDlGJ\:FTION.
~'JHEREAS the City of Gilroy has heretofore, by order of the
the Comnon rjoujcil, purohased froLl sUl~plus funds the following
U. S. ;'iar :3avings Bonels, Series "G", to-vii t:
10 bonds, each dated Septenber, 1943, ani nLEt1bered Ml65265lG
to M1652660G, inclusive~ each for :;;;1,000.00;
10 bonds, each dated Octobe,r,1943r;L numbered I.I1682156G to
M16822l65G, inclusive, each for Ol,OOO.OO;
5 bonds, each dated January~ 1944, and numbered U2296511G
to M2296515G, inclusive, eaoh for ~l,OOO.OO;
and, 'lITlEREAS the City of Gilroy nO\v requires the money used cin this
purchase of bonds for rmnicipal purposes, and it is necessary that
said bonds be surrendered for redemption,
NO\V, THEREFORE, BE IT RESOLVED by the Comnon Council of the
Ci ty of Gilroy that the said bonds hereinbefore desoribed be
surrendered to the U.S.Treasur:' Department for redemption, for the
price as established by the said Treasury De:partnent, and that the
City Clerk of the City of Gilroy be and he is hereby authorized to
exeoute a 11 the neoessary papers and dooume nts and endorsements
required to have said bonds redeemed.
ADOPTED M~D PASSED this 5th day of June,1950, by the follow~
ing vote:
AYES: Councilmen George IE.:=ason,J.H. Wentno rth, Janes B.Thomas,
David V .St out ,Dale D.Daniels, Carl ';i.Pate.
NOES: Councilmen None
ABSENT: Councilmen None.
Al~ (P ~
., ayor
Attest:
~[}~~
~,