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HomeMy WebLinkAboutRES NO 2-28 A RNESOLUTION A~HORIZING THE MAYOR AND. CITY CLERK TO EECUTE AN ASSIGI~NvIENT OF ANY CLAIM AND DENAND TPD~T THE CITY OF BAKER FIELD MAY HAVE AGAINST D. W. STIL- WELL, THE FOREMER CITY TREASURER OF THE CITY OF BAKERSFIELD, UNTO THE ~qARYLAND CASUALTY. COMPANY, A CORPOR_~TION. NO. 2-28 ~"~IEREAS, the Maryland Casualty Company, a Corporation, were the surety for the faithful performance of the duties of D. '~. Stilwell, the former City Treasurer of the City of Bakers- field; AND VfitEREAS, the ~aryland Casualty Company have paid to the City of Bakersfield the sum of: fourteen thousand nine hundred and ninety-nine dollars and ninety-eight cents (~14,999.98) for all losses sustained by the City of Bakersfield because of the loss and shortage in the money handled by the said City Treasurer; AND VfitEREAS, the Maryland Casualty Company have prepared and desire the execution of an assignment wherein and whereby the City of Bakersfield shall assign to the Maryland Casualty Company any claim and demand that the City of Bakersfield may have against the said D. W. Stilwell on account of, and arising by reason of the loss and shortage in the money handled by the said City Treasurer; NOW THEREFORE, it is unanimously resolved by the City Council of the City of Bakersfield that the Mayor and City Clerk are hereby expressly authorized to execute and deliver to the Iviary- land Casualty Company, the surety for the said D. W. Stilwell, an assignment of account, claim and demand against D. W. Stilwell, the former City Treasurer of the City of Bakersfield, wherein said assignment transfers and assigns unto the said Maryland Casualty Company all of the right, title and interest, claim and demand that the City of Bakersfield has or might recoup or otherwise claim against the said D. W. Stilwell because of or by reason of the loss and shortage in the money handled by the said D. !'V. Stilwell, former City Treasurer of the City of Bakersfie.ld, ~esting title in and to every claim and demand of any kindSwhatsoever arising by reason of such shortage in and to the Maryland Casualty Compahy, a Corpora- tion, authorizing the said Naryland Casualty Company in its own name to sue for and recover and take any and all legal steps or proceedings necessary or that might be deemed proper to obtain judgement against the said D. W. Stil~vell, the former City Treas- urer of the City of Bakersfield. MAYOR I HEREBY CERTIFY that the foregoing Resolution was regu- larly passed and adopted by the Council of the City of Bakersfield, on the/ ... ay of May, 1928, by the following vote: Clerk APPROVED this/~j~day of May, 1928. MAYOR of ~the City~d- of the