Resolution 01700RESOLUTION NO. 1700.
AUTHORIZING SOUTHERN PACIFIC COMPANY TO SUBSTITUTE 0CND OF PACIFIC
INDEMNITY .[TY COIt,PANY FOR BOND OF UNITED STATES FIllELITY AND GUARANTY
COMPANY TO GUARA=E PERFORMANCE OF CONDITIONS OF FRANCHISE GRANTED
BY ORDINANCE N0. 504 ADOPTED,ANTD APPROVED SEPTEMBER 28, 1908.
WIEE',tEAS, a communication has been received from Southern Pacific Company transmitting
surety bond in the amount of Five Thousand (5,000) Dollars in favor of the City of Alameda,
executed by Pacific Indemnity Company as Surety and asking that said bond be substituted for
the existing bond executed by United States Fidelity and Guaranty Company on file with the
City, which was given as guarantee for faithful performance of all the conditions of the
franchises for certain electrical lines struck off, sold and awarded on the 4th day of
September, 1908, and described in Ordinance No. 504, adopted and approved September 28,
19C8; now, therefore,
BE IT RESOLVED by the Council of the City of Alameda that the Southern Pacific Company
be, and it is hereby permitted to give a bond of the Pacific Indemnity Company, a Calif-
ornia corporation, in the sum of Five Thousand (5,000) Dollars as a substitute for the exis-
ting bond of the United States Fidelity and Guaranty Company now on file with the City
Clerk which was given as a guarantee of faithful performance of all of the conditions of
the franchises for said electrical lines sold and awarded on the 4th day of September,
1908, and described in said Ordinance No. 504, provided said substitute bond be approved
by the City Attorney es required by the City Charter.
BE IT FURTHER RESOLVED that upon the approval of said substitute bond, as aforesaid,
the United States Fidelity and Guaranty Company be, and it is hereby released from all
future liability under the bond filed by said Company in 1923, and accepted by Resolution
No. 663, adopted August 21, 1923.
I, the undersigned, hereby certify that the foregoing Resolution was duly and regularly
introduced and adopted by the Council of the City of Alameda in regular meeting assembled
on the 1st day of November, 1932, by the following vote, to wit:
AYES: Councilmen Leydecker, Morris, Shanly, Schaefer and President Murry (5).
NOES: None.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the official seal of
said City this 2nd day of November, 1932.
(Seal of the City of Alameda)
D. ELIv0 R DYER.
City Clerk of the City of Alameda.
I hereby certify that the foregoing Resolution is a full, true and correct copy of
"RESOLUTION N0. 1700 AUTHORIZING SOUTHERN PACIFIC COMPANY TO SUBSTITUTE BOND OF PACIFIC
INDEMNITY COMPANY FOR BOND OF UNITED STATES FIDELITY AND GUARANTY COMPANY T9 GUARANTEE
PERFORMANCE OF CONDITIONS OF FRANCHISE GRANTED BY ORDINANCE N0. 504 ADOPTED AND APPROVED
SEPTEMBER 28, 1908. " - passed by the Council of the City of Alame. in regular meeting
assembled on the 1st day of November, 1932. � �, ^,
!/vc;t�l/ i"
lty Clerk- -of —ti "City of Alameda.