BOOK 17_1933-01-03 to 1938-12-29

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Councilman MoNulty, that the Clerk convey to Mr. R. Lee Otis that the City would assume official sponsorship for the municipal band, but did so with the understanding that there should be regular practice and that services of the band would be available on appropriate occasions. Electric Utility Acquisition Mayor McCarthy and the City Attorney recommended that the City employ special counsel to draft all the papers necessary for the election and the issue of bonds, and to furnish advice from the present until after the bonds are sold. It was recommended that the City secure the services of Orrick, Palmer, and Dahlquist of San Francisco, and it was so ordered, on motion of Councilman Jones, seconded by Councilman Hohn. It was reported that the Railroad Commission's finding set a value of $4880000 for the value, of the P. G. & E. electric distribution system; that to this amount should be added some $27,000 for subsequent additions. Mayor McCarthy suggested that extra items and the need for a minimum amount of working capital would make it advisable to make the total amount involved $575,000 and recommended that the City Attorney on this basis institute proceedings for 20 year bonds. It was so ordered on motion of Council- man Jones, seconded by Councilman McNulty. Mayor McCarthy read to the Council a prepared statement setting forth certain data and arguments which he asked the Council to authorize printed. After discussion, roll call was taken and the statement was authorized, the following Councilmen voting "No": Councilmen Eva, bhristensen, and Fletcher. The City Treasurer asked the attitude of the Council toward buying United States Savings Bonds in the amount of $7,500, the maximum allowed by the government. On motion of Councilman Jones, seconded by Councilman Eva, he was authorized to buy bonds in such a quantity and to have them registered in the name of the City of Redwood City. 'he approved claims were ordered paid on, motion of Councilman McNulty and Councilman Fletcher. Adjournment to Monday, 8:00 P. M. September 27, 1937, on motion of Councilman Hohn, seconded by Councilman Christensen. BEM:mps C1 0