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HomeMy WebLinkAbout1604• • ORDINANCE NO. ) 6 O SL AN ORDINANCE authorizing a settlement agreement with Sangamo Electric Company in connection with the City's antitrust litigation against such company. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT ANGELES that Joseph L. Alioto as Special Counsel engaged by the City to prosecute the City's antitrust claim growing out of the purchases of electrical apparatus be, and is hereby,, authorized to ' do the following: 1. Enter into a settlement agreement with Sangamo Electric Company, dated November 16, 1966, as attorney for the City and other plaintiffs in the State of Washington cases, re- ferred to collectively as "Mr. Alioto's clients." 2. To execute and deliver as agent for the City a Covenant Not to Sue in the form attached to the agreement as "Ex- hibit A ". 3. To receive the sum of $276,795.00 on behalf of all his above mentioned clients collectively, such sum to be apportioned by Mr. Alioto on the basis of relative purchases of indicted products by all his clients, of which the City will re- ceive the sum of $178.00 providing such company shall not be re- Iquired to inquire as to the application of such sum. PASSED by the City Council and approved by its Mayor at a 'regular meeting of the Council held on the 16th day of March, 1967. {Attest: City Clerk Approved as to form: City Attoy PUBLISHED : /WA ,9, 0?3 Al z7 Mayor