1954-2514-ARESOLUTION NO. 2514-A
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ANAHEIM EMPLOYING THE LAW FIRM OF
O'MELVENY MYERS TO PREPARE ALL ORDINANCES,
RESOLUTIONS, NOTICES AND OTHER DOCUMENTS
REQUIRED IN THE PROPOSED $3,500,000 BOND
ISSUE OF THE CITY OF ANAHEIM FOR WATERWORKS
IMPROVEMENTS, SEWAGE DISPOSAL IMPROVEMENTS
AND STREET IMPROVEMENTS; AND EMPLOYING SAID
LAW FIRM TO SUPERVISE SAID PROCEEDINGS AND
GIVE ALL NECESSARY INSTRUCTIONS IN CONNEC-
TION THEREWITH; TO EXAMINE SAID PROCEEDINGS
STEP BY STEP AS TAKEN; AND TO GIVE AN APPROV-
ING OPINION TO THE PURCHASER OF SAID BONDS;
AND r'iXING THEIR COMPENSATION.
WHEREAS, the City Council is contemplating the sub-
mission to the voters of the City of Anaheim of propositions
for the authorization and issuance of bonds in the following
amounts and for the following purposes:
$1,)00,000 for Waterworks Improvements;
900,000 for Sewage Disposal Improvements;
$1,200,000 for Street Improvements;
AND WHEREAS, the City Council finds that it would
be to the advantage and for the best interest of the City to
employ the law firm of O'Melveny Myers to conduct all pro-
ceedings for the authorization and issuance of said bond
issues and to draft all ordinances, resolutions, notices and
other documents required in said bond proceedings; and to
generally supervise said proceedings, giving all necessary
instructions in connection therewith; to examine all pro
ceedings step by step as taken; and to issue an approving
opinion to the purchaser of said bonds.
NOW, THEREFORE BE IT RESOLVED that the law firm
of 0 tMelveny Myers of 4 South Spring Street, Los Angeles
13, California be, and it is hereby, employed to conduct all
proceedings for the authorization and the issuance of said
bond issues hereinabove mentioned, and to do and perform all
things necessary in connection therewith, as more particularly
hereinabove set forth; and
BE IT FURTHER RESOLVED that said law firm of
O'Melveny Myers be compensated for such services as follows:
That it shall receive 2 /10ths of 1% of the first
§1,000,000 of the aggregate amount of the bonds
authorized, and 1 /loth of i% of the balance
thereof in excess of $1,000,000; and that said
fee on the bonds that carry at the election will
be payable 1/2 thereof following the canvass of
the election returns, and the other 1/2 thereof
following the sale of the bonds or portion there-
of.
That if said propositions submitted to the voters,
or any of them, fail at the election, said OtNelveny
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AND BE IT FURTHER RESOLVED that said O'Melveny
Myers shall be paid and reimbursed for their out -of- pocket
expenses in connection with any long distance telephone calls,
messenger charges or similar expenses reasonably and neces-
sarily incurred in connection with said bond issues.
THE FOREGOING RESOLUTION is signed and approved by
me this 31st day of August, 1954.
ATTEST:
Myers shall be compensated as follows:
They shall receive a fee of X750 if one
or two of such propositions fail, or
x1,000 if all three propositions shall
fail to be approved by the voters at
said election, such fee to be paid fol-
lowing the canvass of the election re-
turns;
eL
et z c. -.c.
CITY CLERK OF THE CITY OF ANAHEIM.
STATE OF CALIFORNIA
COUNTY OF ORANGE ss.
CITY OF ANAHEIM
ABSENT: COUNCILMEN: None.
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IKAYOR OF THE CITY OF ANAHEIM
I, DENE M. WILLIAMS, City Clerk of the City of
Anaheim, do hereby certify that the foregoing Resolution was
passed and adopted at an adjourned regular meeting of the
City Council held on the 31st day of August, 1954, by the
following vote of the members thereof:
AYES: COUNCIL! t: Pearson, Fry, Schutte, Wisser and
Van Wagoner.
NOES: COUNCILMEN: None.
AND I FURTHER CERTIFY that the Mayor of the City of
Anaheim signed and approved said Resolution on the 31st daj
of August, 1954.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed the seal of the City of Anaheim this 31st day of
August, 1954.
CITY CLERK OF THE CITY OF ANAHEIM.