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102 MINUTES OF REGULAR MYMTING REDWOOD CITY COUNCIL DECEMBER 3 , 1934 E1 : 00 P .M . Upon roll call , the following Councilmen were present : Mayor , C . G. Lambert , L, C . Christensen , J . M. Eva , E . A. Fletcher , R. N. Jones , P . A. McCarthy , Geo . W . McNulty , City Clerk , B . E . Myers . Absent : None . The minutes of the meeting of November 19 , 1934 , were approved on motion of Councilman Christen- sen , seconded by Councilman Fletcher. A letter was received and read from the Bank of America in which was stated that the bank could not accept more of the city funds at this time . Discussion was entered into concerning what disposition should be made of further funds to be received during this tax time and any surplus over the amount that the Bank of America was willing to receive, ( the First National Bank having refused to accept any money sometime before) . The general financial situation seemed to indicate that none of the surrounding banks of the community would be willing to accept any of the money under the terms that were laid down with the state law ; that is , 110% collateral security and a payment of a 2% interest on the average daily bal- ance . It was decided , finally, on motion of Councilman McCarthy , seconded by Councilman Eva, that a committee consisting of the Mayor, City Attorney and. Treasurer be authorized to consult local bankers and San Francisco investment institutions to help in the selection of proper Federal bonds which it was decided to purchase up to $50 ,000 . P . A. Ryan , Chairman of the Retail Division of the Chamber of Commerce , asked the city to donate $200 toward the expense of the Christmas decoration of the streets . After some discussion , it was decided, on motion of Councilman Fletcher , seconded by Councilman McNulty , to con- tribute $75 for this purpose , Councilmen Eva and Lambert voting "No" . C . B . Mish of 1144 Madison Avenue requested information of the Council as to the payment of taxes . He was assured that in no case would the Tax Department accept a duplication of taxes . At this time , proposed ordinance licensing gas fitters and gas appliance dealers came un for adop- tion. A. Hibnes for the Sequoia Sheet Metal Works spoke about having furnace men included. C . E . Choate and P . E. Brand also spoke on the subject of this proposed ordinance . As there seemed to be considerable dissatisfaction and some uncertainty about the provisions of the ordinance , it was decided , on motion of Councilman Fletcher, seconded by Councilman Eva, to lay the matter over until the next meeting. Ordinance No . 353Sgranting permission to the City and County of San Francisco to construct and maintain water conduits across certain Redwood City streets was formally passed and adopted, on motion of Councilman McNulty , seconded by Councilman Fletcher , by unanimous vote . On motion of Councilman McNulty , seconded by Councilman Eva , it was decided to make a contri- bution of $50 toward the local Red Cross fund . Councilman Jones spoke about excessive speed of automobiles on the Woodside Road and asked if something could be done about it .