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R 120Z ~. ~~a $"~ RESOLUTIOra rro. ,~~ ~. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARROYO GRANDE, COUNTY OF SAN LUIS OBISPO, STATE OF CALIFORNIA, APPROVING FAITHFUL PERFORMANCE BOND DATED DECEMBER 21, 1942 AND CANCELLING'FAITHF'UL PERFORMANCE BOND DATED DECEPLiBER 15,"1937, RELATIVE TO FRANCHISE CGRATdTED BY ORDINANCE N0. 59. WHEREAS, the City Council of the City of Arroyo Grande, County of San Luis Gbispo, State of California, did by Ordinance Ito. 59, granted on the 15th day of December 1937, grant to SAPITA MARIA GAS COMPANY the right, franchise and privilege to maintain and operate a system of gas pipes in, under and along all public streets, highways, and alleys now existing,or which here- e.fter exist within said City of Arroyo Grande, and WHEREAS, R. E. EASTON and FRANCIS H. THROOP as sureties filed a bond in the penal sum of One Thousand 01000.00) Dollars dated December 15, 1937, to comply with the terms and conditions of said franchise. Vd`TIEREAS, SOUTP.ERIQ COUNTIES GAS COI~4PADTY OF CALIFORNIA is now the owner of said franchise and is entitled to exercise all rights thereunder, and has filed a new Faithful Performance Bond under said franchise. NO'v"J TF~ftEFORE, be it resolved by the City Council of the City of Arroyo Grande: Section 1. That the bond of the Associated Indemnity Corporation No. 13931 in the penal sum of One Thousand (51000.00) Dollars, dated December 2L, 1942 and filed by said Southern Counties Gas Company of California on 94 , to comply with the terms and conditions of said franchise, be and the same is hereby approved. Section 2. That the aforesaid bond filed by R. E. EASTON and FRANCIS H. THROOP be and. hereby is cancelled, and that - - ~ -- /~eso~uf on No. Sao the principal and sureties on said bond be and they hereby are discharged and released from all obligations under said bond, and furtrer that said bond be surrendered to said SCUTIIERN COUNT IBS GAS COP-4PAYdY OF CALIFORNIA or its order. Section 3. That the Clerk of the City Council of the City of Arroyo Grande shall certify to the adoption of this resolution. Adopted this 7~ Wday of /~.(~~ 1943 T~ ATTEST: 4 C erk o y` ounc o said City of A~ oyo Grande (Certification by Clerk} I hereby certify that the foregoing resolution was duly and, regularly passed by the city council of .the City of Arroyo Grande at a regular meeting thereof held April ~~194~. _w..