Resolution 017RESOLUTION NO. 17
WHEREAS, on the 13th day of July, 1954, a contract for the
installation of a sanitary sewer system under L.I.D. #74 was entered
into by and between Thorburn and Logozo as the contractors and the City
of Edmonds, and
WHEREAS, the said contractor asked for permission to assign
the said contract as collateral security for a loan from the National
Bank of Commerce of Seattle, a banking corporation, and
WHEREAS, the City of Edmonds had no objection to said assign-
ment and would consent to the same provided the City would assume no
liability or responsibility in the event a certain payment went directly
to the contractor instead of to the assignee, National Bank of Commerce
of Seattle,
NOW, THEREFORE, BE IT HEREBY RESOLVED that the assignment of
the contract between the City of Edmonds and Thorburn and Logozo for
the installation of sanitary sewers in the City of Edmonds under L.I.D.
#74 be and the same is hereby consented to.
IT IS FURTHER, RESOLVED that the City of Edmonds expressly
refuses to accept any liability or responsibility for any payments
that may be made in error or otherwise to the contractor instead of
to the assignee, National Bank of Commerce of Seattle.
DATED this_ day of 1954•
Attest:
City Clerk
(SEAL)
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