BOOK 23_1950-05-15 to 1952-04-21

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s236 and referred to Section 53601 of the Government Code of the State of California } +i which designates the following as being legal investments for surplus funds: (a) Bonds issued by Redwood City. (b) United States Treasury notes or bonds, or those for which the faith and t I, credit of the United States are pledged for payment of principal and interest. (c) Treasury notes or bonds of this State. , (d) Registered State Warrants. .�.I,.. ! I'i The Council could invest surplus money in the War Memorial Fund in the above securities if the funds are available and not needed for the immediate necessity I of the City. Councilman Spillers moved that a committee be appointed and a report brought back at the next meeting, seconded by Councilman Morgan,and carried. Coun. cilman Granger was in favor of Government bond investment to aid the Government. !:';ll In regard to the inactive accounts Councilman Granger moved that all the banks be notified and bids be considered with reference to interest rate, seconded by Coun- cilman Spillers and carried. Mayor Britschgi appointed Councilmen Jones, chairman, jll:II 1, Royer, and Granger to meet with the City Treasurer, City Auditor, and City Attorney, RESOLUTION TO ACCEPT DEED FOR STREET EASEMENT MAPLE STREET. City Engineer Jain presented easement deed granted to the town or Redwood City by Marie Truffelli, dated November. 14, 1927, which their records show as never having been officially recorded, although shown as tax deeded property on the City Assessor's records. He recommended that II . i the deed be accepted by resolution of the Council, so as to more definitely establish Ii the rights of the City to use this parcel of land for street and sewer purposes. I'II1'I; This parcel was particularly required for construction of the sanitary sewers in the . il, !I'I Stambaugh area along the Sweeney Ranch Line. This had been checked with the City I'' Attorney and above procedure was believed justified. Marie Truffelli was deceased, I I �.I City Attorney Currie asked for chance to look over the deed because of red pencil- ling through a figure and another figure in red. I -Ar. Jain stated this was a l typographical error. Councilman Royer moved that City Clerk Dodge be authorized 1 1 to accept deed and motion was lost for want of a second. Mayor Britschgi suggested this be placed on the agenda for the next meeting. FURTHER CONSIDERATION FOR PEDESTRIAN GATE AT BROADWAY CROSSING. City Clerk read a letter from J. J. Jordan, Superintendent, Southern Pacific Company, dated November 28th, 1950. This had been read at the December 4th Council meeting submitting estimate I. li i`i of cost amounting to 66490 to the City for the installation of pedestrian gates supplementing the existing flashing light signals. Councilman Granger suggested this amount be set aside in the next budget or 50% if the Southern Pacific Company ii.'I could be shown and persuaded that they also had equal responsibility toward pro- tection of pedestrians. City Attorney Currie stated the Public Utilities Commission i lit I only would have jurisdiction in regards to the Southern Pacific Company's respon- sibility. Councilman Granger moved that a letter be written to Mr. Jordan with this in mind that they share in the expense of the seconded by proposed gates, I lid 9 li, Councilman Royer. Motion carried. i CITY MANAGER REPORTS ON LOCATION OP "CLIMATE BEST" SIGN AT FIVE POINTS. Chamber of r: Commerce was assisting in this and they were still working on it with reference to ±j sign on new Shell Company building. Councilman Granger asked if the one at the North end of the Cit_ could be repaired as some of the noon light was out. g P A enda. y L LEAGUE OF CALIFORNIA DINNER MEETING THURSDAY, JANUARY laths BONDY'S EL CAMINO REAL, BELIyIONT. Mr. Robert H. Rinn of Lodi, President of League of California Citios. g011V