HomeMy WebLinkAboutRESO 1293•
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R E S 0 L U T l 0 N N 0 • 1293
llESOLIJTION OF THE CITY OF PALO ALTO F'OR A LOAN
The Council or the City of Polo Alto DO RESOLVE a• follower
That the Mayor and City Clerk ot the City of Palo
Alto a~e hereby author1z•d and empowered to negotiate a le4D
or loan. aa required from t1mo to time !or the City o! Palo
Alto, not to exceed the aum ot 150,000 tor the purpose of
carrying on the buaineaa of aaid City until aueb ti~ aa
taxea are collected for said purposeJ and said oftioiala
are hereby autho1•1zed to execute o. prom1saol"7 note or notea
in the name ot the City of Palo Alto, by themselves as said
officials, and to deliver the same aa evidence or the promise to pay aa1d loan.
The above and foregoing regularly passed by the Council o!
a regular meeting held on Tuesday,
1940, by the following votes
resolution was duly and
the City ot Palo Alto 9.t
the lOth day ot Sept~ber,
AY.Ess Bentrctt, Blo1a, Caahel, Costello, Cypher, Goddard,
Hoy, Merner, Reed, Rich&rds, Southwood, Tho1ts.
NOESa
ABSENT a
None.
Mitchell, Thomas, Wood.
APPRO~
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