Resolution 375
RESOLUTION NO.~75
RESOLUTION APPROVDiG BOND OF PACIFIC GAS AND ELECTRIC
COMPANY FOR THE PURPOSES SET FORTH IN ORDINANCE NO.454.
WHEREAS on the 16th day of June,1947, the Common Council of the
City of Gilroy passed its ordinance granting to the predecessor in
interest of Pacific Gas and Electric Company,a California corporation,
the franchise to use the public streets and places of said cityfQr
the transmission and distribution of ELECTRIC'ITY for the purposes,
and upon the terms and conditions as set forth in said ordinance;and
WHEREAS said Pacific Gas and Eledtric Company has duly executed
a filed with this Council a bond in the penal sum of One Thousand
($1,000.00) dollars, bearing date the 1st day of January,1956, and
conditioned as prescribed by law;and
WHEREAS upon due investigation and consideration, it aPIe ars
to the satisfaction of this Council that said bond is in proper
form and that said bond has been duJ.y executed by said Pacific
Gas and Electric Company and by one good and sufficient corporate
surety;
N<JN , THEREFORE ,BE IT RESOLVED by the Common Council of the City
of Gilroy that said bond be,and it is hereby accepted and approved,
and it is hereby substituted for t he bond heretofore filed in
connection with the granting of said ~anchise.
PASSED on the 5th day of March,1956,by the following vote:
AYES: Councilmen Pate,Gallo,Kennedy,Rush,Petersen,Sanchez
NOES: Councilmen None
ABSENT: Councilmen None
Attest:
G.~,~
Ci ty Clerk
-. *~ #'ry
;Mayor