HomeMy WebLinkAboutCC Resolution 3648Y6*8 ,
RESOLUTION NO. AW
RESOLUTION APPROVING CANCELLATION OF BOND OF
PACIFIC GAS AND ELECTRIC COMPANY EXECUTED IN
CONSIDERATION OF THE GRANT BY THE CITY OF
SAN RAFAEL OF THi. FRANCHISE TO USE
THE STREETS OF SAID CITY FOR THE PURPOSES SET
FORTH IN ORDINANCE NO. 551
WHEREAS on the 4th day of May , 19 53,
the City Council of the City of San Rafael passed
its Ordinance No. 551 granting to Pacific Gas and Electric Company,
a California corporation, the franchise to use the public streets
and places of said City for the transmission and distribution of
electricity for the purposes, and upon the terms and conditions as
set forth in said ordinance; and
WHEREAS Pacific Gas and Electric Company, pursuant to
the Franchise Act of 1937, has duly executed and filed with this
Council a bond in the penal sum of one thousand dollars ($1,000.00),
bearing date the lst day of Mav , 19 5:1 and
conditioned as prescribed by law; and
WHEREAS upon due investigation and consideration, it
appears to the satisfaction of this Council that said bond is no
longer required and therefore need not be renewed by
Pacific Gas and Electric Company;
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of San Rafael
. in accordance with
Section 6301 of the Public Utilitie3 Code of the State of California,
that said bond is no longer required and therefore need not be
renewed by Pacific Gas and Electric Company.
PASSED on the 15th day of -April Ic
by the following vote:
AYES: Councilmen Baar, Barb ier, Jensen, M i skimen and Mayor
Bettini
NOE Councilmen None
ABSENT: Councilmen None
a
mayor
ORIGINAL 0"P""
