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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