HomeMy WebLinkAboutresolution.council.001-57RESOLUTION
WHEREAS, the City of Aspen has negotiated for the purchase
of a truck to be used for municipal purposes and which truck is
described as follows'
1957 Dodge, Model D500, 2-ton, Serial No. 8353454
Motor No o VT5~4-4296
WHEREAS, the City Council is desirous of financing said
truck with the Commercial Credit Corporation of Grand Junction,
Colorado, upon the following terms and conditions'
Principal Amount of Loan $1,793.00
Finance Charges $ 116.56
Payments of principal and interest
$159.13 each month beginning on the
15 th day of January, 1957.
WHEREAS, the Commercial Credit Corporation, as security
for said loan, holds a Chattel Mortgage upon said truck, and the
City Council is desirous of ratifying and confirming the authority
of the Mayor, Ao Eo Robison, to execute on behalf of the City the
documents necessary to carry out said purchase,
NOW, THEREFORE, be it RESOLVED that the City Council for
the City of Aspen does hereby ratify and confirm the purchase of
the above described truck upon the terms set forth above, securing
the purchase thereof by Chattel Mortgage,
And Be it Further Resolved that the execution of said
Chattel Mortgage dated and signed December 19, 1956, with the Commer-
cial Credit Corporation, Grand Junction, Colorado, on behalf of the
City by the Mayor, Ao E. Robison, be confirmed and ratified in all
respects and that a copy of this Resolution be forwarded to the
Commercial Credit Corporation of Grand Junction, Colorado°
Passed and approved at a regular meeting of the City
Council for the City of Aspen, this 21st day of January, 1957,
at Aspen, Colorado.
MAYOR
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