1955-2637RESOLUTION NO. 2637
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ANAHEIM AUTHORIZING THE BANK OF AMERICA
NATIONAL TRUST AND SAVINGS ASSOCIATION TO PRO-
VIDE FOR THE PAYMENT THROUGH CHASE NATIONAL
BANK OF THE CITY OF NEW YORK AND CONTIN "ENTAL
IT.J ,INOIS NATIONAL BANK AND TRUST COMPANY OF
CHICAGO OF PRINCIPAL AND INTER "EST ON THE
0,500,000 ISSUE OF ANAHEIM CITY MUNICIPAL
IMPROVEMENT BONDS OF 1955, IN ACCORDANCE WITH
THE AGREEMENT MADE AND ENTERED INTO BY AND
BETWEEN THE CITY OF ANAHEIM AND BANK OF AMERICA
NATIONAL TRUST AND SAVINGS ASSOCIATION DATED
NOVEMBER 30, 1953.
WHEREAS, the City of Anaheim has issued and sold
Municipal Improvement Bonds in the principal amount of
03,50 dated in January, 1955; and
WHEREAS, the Bank of America National Trust and
Savings Association was the highest and best bidder for the
purchase of said bonds, and said bonds were thereupon sold
to said Bank of America National Trust and Savings Associa-
tion; and
WHEREAS, the Bank of America has requested the City
to designate fiscal agents in the Cities of New York and
Chicago for the payment and collection of principal and
interest upon said bonds; and
WHEREAS, heretofore, to wit, on the 30th day of
November, 1953 the City of Anaheim made and entered into an
agreement with the Bank of America National Trust and
Savings Association, a national banking association, author-
izing said bank, upon request of the City of Anaheim, to
cause any bonds of the City, or department thereof, and any
coupons pertaining to such bonds, to be honored in accordance
with the terms thereof, upon the presentation of the same
for payment or for collection upon maturity, to Bank of
America, or to any banks designated in the City of New York
or in the City of Chicago; and
WHEREAS, the City Council does find and determine
that it would be to the advantage and for the best interest
of the City of Anaheim to designate fiscal agents in said
Cities of New York and Chicago for the payment and collec-
tion of principal and interest upon said bonds.
NOW, THEREFORE, BE IT RESOLVED by the City Council
of the City of Anaheim that the Chase National Bank of the
City of New York and Continental Illinois National Bank and
Trust Company of Chicago are hereby designated as fiscal and
paying agents under said issue of Anaheim City Municipal
Improvement Bonds of 1955, in the amount of 0,500,000; and
that the Bank of America shall cause any bonds of the City of
Anaheim and any coupons pertaining to such bonds, to be
honored in accordance with the terms thereof, upon the
presentation of the same for payment, or for collection upon
maturity, to the Bank of America or the Chase National Bank
of the City of New York or Continental Illinois National
Bank and Trust Company of Chicago, and that the payment or
-1-
collection of principal and interest upon said bonds shall
otherwise be handled by said Bank of America in accordance
with the provisions of said agreement made and entered in-
to by and between the City of Anaheim and said Bank of
America on the 30th day of November, 1953.
THE FOREGOING RESOLUTION is signed and approved by
me this 8th day of February, 1955.
ATTEST:
CITY CT, +;RK OF THE CITY OF ANAHEIM.
STATE OF CALIFORNIA
COUNTY OF ORANGE ss.
CITY OF ANAHEIM
(seal)
ABSENT: COUNCILMEN: None.
MAYOR OF THE CITY OF ANAHEIM.
I, DENE M. WITLIAzMS, City Clerk of the City of
Anaheim, do hereby certify that the foregoing Resolution
was passed and adopted at a regular meeting of the City
Council held on the 8th day of February, 1955, by the
following vote of the members thereof:
AYES: COUNCILMEN: 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 8th
day of February, 1953.
IN WITNESS WHEREOF, I have hereunto set my hand
and affixed the seal of the City of Anaheim this 8th day
of February, 1955.
CITY CLERK OF THE CITY OF ANd.HEIM.
-2-