HomeMy WebLinkAboutResolution No. 0817 1284
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RESOLUTION NO. p%7
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
SUPPORTING AND ENDORSING THE APPLICATIONS OF SOUTHERN
PACIFIC COMPANY TO ACQUIRE CONTROL OF THE WESTERN
PACIFIC RAILROAD COMPANY
WHEREAS, in Finance Docket Nos. 21314 and 21315, Southern Pacific
Company proposes to acquire control, through stock ownership, of the
Western Pacific Railroad Company; and
WHEREAS, the control of The Western Pacific Railroad Company by
Southern Pacific Company will make possible the coordination and con-
solidation of transportation facilities between these two carriers
and therefore contribute to more efficient and more economical trans-
portation in the areas which these carriers serve; and
WHEREAS, the City of Downey has a direct interest in the develop-
ment of such transportation efficiency by reason of the fact that the
future growth and progress of this area and efficient transportation
service as provided by the Southern Pacific is considered essential to
these objectives.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE
AS FOLLOWS:
SECTION 1. That the City of Downey supports and endorses the
applications of Southern Pacific Company to acquire control of The
Western Pacific Railroad Company, through stock ownership, and authorizes
the communication of this position to the Interstate Conuuerce Commission
and all interested State commissions.
SECTION 2. The City Clerk shall certify to the adoption of this
resolution and cause a certified copy thereof to be forwarded to
Nebhut L. Smith of Southern Pacific Co.
APPROVED AND ADOPTED this , day of 7(.2-7(./-1 , 1961.
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I HEREBY CERTIFY that the foregoing resolution was duly adopted by
the City Council of till City of Downey at a regular meeting thereof held on
the 64 day of t2 , 1961, by the foil wing vote of the Council:
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AYES: Councilmen: �1
NOES: Councilmen:
ABSENT: Councilmen:
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