HomeMy WebLinkAbout1986-461
1
RESOLUTION NO. 86-461
2 RESOLUTION OF THE CITY OF SAN BERNARDINO AUTHORIZING THE CITY
TREASURER TO BORROW AN AMOUNT OF UP TO TWO MILLION DOLLARS FROM
3 FIRST INTERSTATE BANK TO PROVIDE FUNDS TO SETTLE THE WALSH, ET AL.
V. CITY OF SAN BERNARDINO, ET AL. LAWSUIT.
4
BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY OF
5 SAN BERNARDINO AS FOLLOWS:
6 SECTION 1. The City Treasurer of the City of San Bernardino
7 is hereby authorized to borrow from the First Interstate Bank of
8 California, for and on behalf of the City of San Bernardino, an
9 amount of up to two million dollars. The City Treasurer is
10 further authorized to execute any and all documents as are
11 necessary and proper for the purpose of borrowing the funds from
12 First Interstate Bank of California. The funds are to be utilized
13 by the City in partial payment of the Judgment against the City in
14 the Walsh, et ale v. City of San Bernardino, et ale lawsuit.
15 I HEREBY CERTIFY that the foregoing resolution was duly
16 adopted by the Mayor and Common Council of the City of San
17 Bernardino at an
adiourned reqular
meeting thereof, held on
18 the
7th
day of
November
, 1986, by the following vote,
19 to wit:
20
21
22
23
24
25
26 / / / / /
AYES:
Council Members
Estrada, Reilly, Marks, Quiel,
Strickler
NAYS:
None
ABSENT:
Council Members Hernandez, Frazier
~77/t//tf:lf}:0
/ Clty Clerk
/ / / / /
27
28
2 of
November
, 1986.
approved this /~c~. day
, }//.,
~ /J ,t! . Lt y--~I
e City of San Ber~ardino
\
1
The foregoing resolution is hereby
3
4
5 Approved as to form:
6 /;r'''} . .' R ,(l/) .!'f)
/ ~'::~-:.~:"'y//.>i>, ' ,,:.(V
7 CIty Attorney
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
-2-
T
:%~>,
'-",' - .." ',' -,\
CITY OF SAN BERNARDINO
. ,
.~;;:~:~;;..,~.~:'.: :.~>. ~. -', .
<>>'~.:t:' '~\.: <,~;~..,.' "
:' '.':-': ~ \-':" ',' ,. ',','
"p ::\\~ J."
300 NORTH "0" STREET, SAN BERNARDINO, CALIFORNIA 92418
. --~"'};;'\~l.j.J!;i'..,:J.It""
RALPH H. PRINCE
CITY ATTORNEY
November 11, 1986
Robert Fellows
Assistant Vice President/General Manager
San Bernardino Main Branch
First Interstate Bank of California
Vanir Tower
City Hall Plaza
San Bernardino, California
Re: Authority of City Treasurer to Act on Behalf
of City of San Bernardino
Dear Mr. Fellows:
Enclosed is a copy of Resolution No. 86-460. It is the
opinion of the City Attorney that the resolution authorizes
City Treasurer Craig Graves to act on behalf of the City in
obtaining and executing all documents required for a two
million dollar loan from your bank for the City.
Very tru~y yours,
/?/~#4z~v
RALPH H. PRINCE
City Attorney
RHP:lr
,'tl,J
..t.,..
30C I'JOF"T!-i "D" STREET, SAN BERNARDINO, CALIFORNIA 92418
RALPH H. PRINCE
CITY ATTORNEY
Noverr~er 11, 1986
Mr. Robert Fellows
Assistant Vice President/General Manager
San Bernardino Main Branch
First Interstate Bank of California
Vanir Tower
City Hall Plaza
San Bernardino, California
Re: Authority of city Treasurer to Act on
Behalf of City of San Bernardino
Dear Mr. Fellows:
Enclosed is a copy of Resolution No. 86-461. It is the
opinion of the City Attorney that the resolution authorizes
City Treasurer Craig Graves to act on behalf of the City in
obtaining and executing all documents required for a two
million dollar loan from your bank for the city.
Cordially,
~~d
RALPH H. PRINCE
City Attorney
RHP:pmm
Enclosure
"
.;.~
:-:;;::::'1''):::: ''') F'~O""''-'css
I _ J t..J'Io_ ,-.. ".6' UnL-
. ',...".,:'/ ~.,' {'
-~ ~~,.:~~.." - ,
,., ~