1936 (#2461-2509) - Laserfiche WebLink

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RESOLUTION NO. 2481 RESOLUTION AUTHORIZING TRANSFE~ OF B0wEHS' TRUST PROPERTY TO TREASURER. BE IT RESOLVED BY THE COUNCID OF THE CITY 0F SANTA ANA: That the First National Bank of Santa Ana, as Trustee of the Bowers~ Memorial Trust No. 88, be and they are hereby authorized by the City of Santa Ana, the beneficiary under said trust, to transfer, assign and deliver to the City Treasurer of the City of Santa Aha, but as Trustee thereof, for the City of Santa Ana, those certain securities which at the present time have no market value, described as follows, to-wit: 281& shares Pickwick Corporation, preferred. 21 rights, of United Gas Corporation, Optional warrant to purchase common stock. 100 shares Western 0il and Refining Company which ~ent into bankruptcy. 8~ shares of First National Bank of Santa Ana. I~,000.00 Central Building Investment Company, 7% bonds. 3,000.00 Blackstone Apartments, 8% bonds of Long Beach, California. 807 shares The Ever Ready Drug Co. 85 shares Pacific Steamship Co. stock, which went into bankruptcy. l0 shares People's Finance and Thrift Company of America. Said securities are to be held by said Trustee in trust for the City of Santa Ana. PASSED AND ADOPTED by the City Council of the City of Santa Aha at its regular meeting held on the 8th day of January, 19S6. ATTEST: Frgd C. Rowland E. L. Vegely C~ty Clerk (SEAL). STATE OF CALIFORNIA COUNTY OF ORANGE CITY OF SANTA ANA I, E. L. VEGELY, City Clerk and Ex-officio Clerk of the City Council of the City of Santa Ana, do hereby certify that the foregoing resolution was duly and regularly passed and adopted by the City Council of the City of Santa Ana at its regular meeting held on the 8th day of January, 195G, by the following vote, to-wit: AYES, TRUSTEES: NOES, TRUSTEES: ABSENT, TRUSTEES: Plummet W. Bruns, W.H.Penn, Fred C. Rowland. None Joseph P. Smith. Ernest H. Layton, (SEAL). E. L. Vegely City Clerk amd Ex-officio Clerk of the City Council of the City of Santa Ana.