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RESOLUTION NO. 2411 <br /> <br />That the City of Santa Ana, pursuant to the A. C. <br />of Certificate of Deposit of the Mid-State Horticultural Co. <br /> <br /> CERTIFICATE NU~IBER <br /> <br /> No. lll <br /> <br /> BO~;JERS TRUST, is the owner <br /> <br /> as follows, to-wit: <br />PRINCIPAL AMOUNT OF BONDS <br /> <br />$12,000 par value, <br />Mid-State Horticultural Co. <br />V~ Bonds. <br /> <br /> That it is proposed to exchange said Certificate of Deposit for First <br />Mortgage Six Per Cent Sinking Fund Bonds, dated July l, 1952, of said Mid-State <br />Horticultural Co.; <br /> <br /> That said A. C. Bowers Trust is now held by the Trust Dep~rtment of The First <br />National Bank of Santa Ana, Cali~ornia, and that it is required that the said Trust <br />Department of The First National Bank of Santa Aha be authorized and directed to execute <br />all papers pursuant to said exchange: <br /> <br /> NOW, THEREFORE, BE IT RESOLVED, That the City of Santa Ana hereby authorizes <br />The First National Bank of Santa Ana, California, as such Trustee, to exchange the <br />Certificate of Deposit of Bonds of the Mid-State Horticultural Co., now held by said <br />Trustee, for $12,000 par value First Mortgage Six Per Cent Sinking Fund Bonds of said <br />Company, as per proposition of Bondholders' Protective Committee for the bondholders of <br />said Company, and to execute letter of transmittal and all necessary instruments to <br />carry said exchange into effect. <br /> <br /> I HEREBY CERTIFY that the foregoing Resolution was duly and regularly passed <br />by the City Council of the City of Santa Aha, at a regular meeting thereof, held on the <br />18th day of February, 1955. <br /> <br />AYES: TRUSTEES: Fred C. <br />NOES: TRUSTEES: None <br />ABSENT: TRUSTEES: None <br /> <br />Rowland, l~.H.Penn, Pltumuer ~¥. Bruns, <br /> <br />E. G.VJarner. <br /> <br />ATTEST: E.L. Vegely <br /> Clerk of the City of Santa Aha. <br /> <br />357 <br /> <br /> <br />