HomeMy WebLinkAboutResolution No. 059 - Franchise Bond Filed Southern California Edison Company 60
RESOLUTION NO. 59
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY,
CALIFORNIA, APPROVING A FRANCHISE BOND FILED BY SOUTHERN
CALIFORNIA EDISON COMPANY, A CORPORATION.
The City Council of the City of Downey, State of California, does
hereby resolve as follows:
WHEREAS, on the 8th day of Apri1 in pursuanceof a Notice of
Intention to Grant Franchise heretofore published by the City of Downey,
the City Council of the City of Downey duly adopted Ordinance No. 15 in
the manner prescribed by law granting to SOUTHERN CALIFORNIA EDISON COMPANY,
a franchise, for an indeterminate period, to use and to construct and use,
for transmitting and distributing electricity for any and all purposes,
poles, wires, conduits and appurtenances, including communication circuits
necessary or proper therefor, in along, across, upon, over and under the
public street, ways, alleys and places within the City of Downey; and
WHEREAS, said Southern California Edison Company has heretofore,
pursuant to law and the provisions of said Ordinance No. 15 granting said
franchise, filed a franchise bond running in favor of said City of Downey,
State of California, in the amount of One Thousand Dollars ($1,000.00);
NOW,. THEREFORE, The City Council of the City of Downey, State of
California, does hereby resolve as follows;
That said franchise bond, wherein Southern California Edison Company
is named as Principal and Pacific Iddemnity Company, a corporation duly
qualified and authorized to do a surety business in the State of California,
is named as Surety, be and the same is hereby approved.
The foregoing resolution was duly passed and adopted by the City
Council of the City of Downey at a regulattmeeting of the said City Council
held on the 8th day of April, 1957, by the following vote;
AYES: 4 COUNCILMEN; Dunnum, Giddings, Peavey, Stamps.
NOES 1 0 COUNCILMEN: none
ABSENT: 1 COUNCTLKEN: Temple
Op/Mayor, ity of Downey,
State of California
ATTEST:
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City Clerk