HomeMy WebLinkAboutRES-88-5135 Clerk-treasurer bonds1
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RESOLUTION NO. 88-5135
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH,
CALIFORNIA, ESTABLISHING THE PENAL AMOUNT OF BOND REQUIRED FOR
THE CITY CLERK, CITY TREASURER, AND DIRECTOR OF FINANCE
WHEREAS, the City Council of the City of Hermosa Beach
has the obligation under the state Government Code, section
36518, to establish the penal sum of the bonds required for the
City Clerk and the City Treasurer; and
WHEREAS, the City Council of said City adopted Ordinance
No. N.S. 303 on March 21, 1967 which created the office of Direc-
tor of Finance and transferred all of the financing and account-
ing duties imposed upon the City Clerk under sections 40802
through 40805 of the state Government Code to that office; and
WHEREAS, the City Council has introduced an Ordinance
establishing that the penal amount of bonds for the abovemen-
tioned positions shall be set by Resolution;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF
HERMOSA BEACH, CALIFORNIA, DOES HEREBY RESOLVE AS
FOLLOWS:
SECTION 1. That pursuant to section 36518 of the state
Government Code, the penal amount of bond required for the City
Clerk is hereby set at $10,000; and
SECTION 2. That pursuant to section 36518 of the state
Government Code, the penal amount of bond required for the City
Treasurer is hereby set at $100,000; and
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SECTION 3. That pursuant to sections 36518 and 36519 of
2 Ithe state Government Code, the penal amount of bond required for
3 the Director of Finance is hereby set at $100,000.
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SECTION 4. That this resolution shall not take effect
until the Ordinance amending sections 2-3 and 2-22.4 of the City
of Hermosa Beach Municipal Code establishing that the penal
amount of bonds required for the City Clerk, City Treasurer, and
Director of Finance shall be set by resolution is adopted.
SECTION 5. That the City Clerk shall certify to the
passage of this Resolution and enter it into the book of original
Resolutions of the said City.
PASSED, APPROVED AND ADOPTED THIS LOTH DAY OF MAY, 1988
PRESIDENT of the City Council, and
MAYOR of the City Council of Hermosa Beach, California.
ATTEST:PPROVED AS Tfi`FtRM: �y
)�`�
. Te2 &' �� C ty Clerk C' y Attorne
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )
CITY OF HERMOSA BEACH )
I, KATHLEEN MIDSTOKKE, City Clerk of the City
Council of the City of Hermosa Beach, California, do hereby
certify that the foregoing Resolution No. 88-5135 was duly and
regularly passed, approved and adopted by the City Council
of the City of Hermosa Beach at a regular meeting of
said Council held at the regular meeting place thereof on May
10, 1988.
The vote was as follows:
AYES: Creighton, Rosenberger, Sheldon, Williams, Mayor Simpson
NOES: None
ABSENT: None
ABSTAIN: None
DATED: May 11, 1988
KATHLEEN MIDSTOKKE, City Clerk