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HomeMy WebLinkAbout05 - Surety Bonds - City to Pay Premiums.`a RESOLUTION NO. 5 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA DIRECTING THAT THE CITY SHALL PAY FOR PREMIUMS OF THE SECURITY BONDS ACQUIRED FROM OFFICERS OR EMPLOYEES. WHEREAS, the City Council of the City of Costa Mesa determines it to be for the best interests and protection to the City of Costa Mesa that the City shall pay for the premiums on Surety Bonds that are required from officers and/or employees of the City, NOW, THEREFORE, the City Council of the City of Costa Mesa does here- by resolve, determine and order as follows: Section 1. The City of Costa Mesa shall pay the premiums on the r; Surety Bonds that are required from officers and/or employees of the City of Costa Mesa. Adopted] signed and approved this 6th day of July, 1953. or of the City of costa ea ATTEST: City Clerk of the ityof osta aa I hereby certify that the foregoing resolution was duly and regularly passed by the City Council of the City of Costa Mesa at a regular meeting thereof held this 6th day of July, 1953. City Clerk '07 the ty of Cosa Mesa