HomeMy WebLinkAbout1968-01-09; Building Authority; MinutesCITY OF CARLOAD (Special Meeting
Minutes of: Carlsbad Building Authority
Date of Meeting: January 9, 1968
Time of Meeting: 2:30 P.M.
Place of Meeting: Council Chambers
The meeting was called to order by Chairman
Peterson at 3:05 P.M. Members present were
Chairman. Peterson and Directors Helton and Jose.
Also present was Fritz R. Stradling, Counsel for
'the Authority. ' • •
APPROVAL OF MINUTES: '
(a) Minutes of the Special Meeting held Novembe
7, 1967, and the Adjourned Meeting held December
5, 1967, were approved as presented.
Authorization for manual' signature on bonds. Mr.
Stradling informed the Authority the bonds will
be delivered on Friday, January 12, 1968, in
Los Angeles, and the Authority should approve th
manual signature on the bonds.
By proper motion the Auditor of the Authority,
Margaret E. Adams, was authorized to manually
sign the bonds.
Authorization for payment of. bills. The
Authority was informed funds have been expended
by the City for miscellaneous items, and as soon
as the bond monies have been deposited with the
T-rustee, the City should be reimbursed. Also
two other items have been received for payment.
Mr. Stradling recommended that the Treasurer of
the Authority be instructed to execute a requisi
tion to include these items, and instruct the
Trustee to pay the items when funds are availabl
By moti.on of the Authority authorization was giv
to the Treasurer to execute a requisi tion -i n the
amount of $9,318.98, instructing the Trustee to
pay .the amounts as listed.
Procedure for payment of future expenditures.-
Mr. Stradling informed the Authority there were
two procedures that could be followed in connec-
tion with future payment of .bills - (1) An execu
tive committee could be appointed; or (2) The
Board of Di rectors -coul d meet and approve the
expendi tu res .
It was the decision of the Directors that the
Board would meet and approve all expenditures.
ADJOURNMENT: s
By proper motion the meeting was adjourned at
3:20 P.M.
MAR^GMET E. ADAMS
Recoiling Secretary
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