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HomeMy Public PortalAbout05 Execution and Setting of Bond RESOLUTION NO. 93-5 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TRUCKEE ORDERING THE TOWN CLERK AND TOWN TREASURER TO EXECUTE A BOND AND SE'I-rING THE AMOUNT THEREOF WHEREAS, Government Code Section 36518 of the State of California requires the Town Clerk and Town Treasurer to execute a bond in favor of the Town of Truckee in connection with duties performed on behalf of the Town of Truckee; and WHEREAS, Section 36518 provides the penal sum of the bond shall be a reasonable amount recommended by the Town Attorney and fixed by the Town Council by resolution and may be changed during the term of office; and WHEREAS, the Interim Town Attorney recommends the Town Council fix the amount of the bond to be $25,000.00; NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of Truckee that the Town Clerk and Town Treasurer shall each execute a bond in favor of the Town of Truckee for $25,000.00, effective March 23, 1993. PASSED, APPROVED AND ADOPTED this 23rd day of March, 1993, by the following vote: AYES: Aguera, Botto, Cross, Drake, Eagan NOES: ABSENT: Town Cler. E, George Gaekle Mayor Kathleen Eagan RESOLUTION NO. PT'r~TownRes,b~d Page 1