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HomeMy WebLinkAboutORD 1151! • • ,• • • • ', ' °I oJ ','' > ..-I" ' ~ ' / I ·,;'.,,,"·' ;·'.~ .. ;;::.: ': ,.,,, .. __,~~-~Ullll!!Sill~-------1--•----:oi•·-~--~1.1 ·":,'.: ~'f:),·. _;~·:·~ .. :···' ." ~,,.... ,. -.. ··· .. • .. ·;· ··~7:1 .•. <·'"' ·'···.··: .. ',:: ~ (··..-... ;~~· •. , ." .. I, ' , -. ' ' j :. .'~· ' ;, / . ~ ' .' ·-.. ' ,' -~· •. ... ,{ ., . .. ''· ~ ,, . . • •'.! : ' I ": ~ .' ' I" ,' ,'~> ..... :.· .. ; ,• . :.: -. !~ .. ' . •,-,'1' •,' . ' :··I~ :·r:' ,• ~~ ; ;, ,i' · .•.. f '' ~:- D' . . . :·._ ... ,, . .. ,' " ... ri lJ ',.· -· . ~ ,.• . -~ ~.!~· ·'. . '.•', ·o R·:rL:r::•··J. jl c E • o.'.!!2,!i .• ~ • ..:;~. -~l ~::·.~ .... _ ......... , ... -· ........ "-.· ' . .' ., :;::: '· ... ·. '.: ... . . : ,·:.~: .,•. '. .•., ....... -.... ·-· -.-...-... ---.• . . ',,'. ' ~~ . ,,·.,:' . " ::: ; ' : ',,· ' .. ' ,' : ' ,' . . ·. : lrlBIRBAS, all. the .:requi~numts i~t law h&ve \been eoaplitid w.1th . 1n· ~&:ll~ng:can«l· hold1Jli. the/'. ~l~~elal 11>ond eleet10:11 held in. ttte ·\ . t:1'ty: :or .. Palo JU ti> on;' the l6tl11·· da'i ·ot Deceabu ,. 19-.7, at, 'wh1'3h el:&eti:on. tbe ·1~r0posi t1on· tci: :Laeu~ br:>nd~ ot said: Ci t7 in the:. . , prJ;lioiP&l' •• r>t: $125':,:ooo.cio<.for:· th!! obj•cte awi ·purpoaea berein'­~.:ata'ted 'lf&S atiblid.t.ted ·t~:> the V•\')ter;a i;t. aai& C1t:,y; and the . Ctt-J" · Collk11 <'>t ~ aa1d C1.t1 . cllicS du.ll", .and regularl~r .canvass·. th1t · M;~;'..~t.\.aa3Ld, :election :Cd: :~d ••• ;~$ul~. :Ot:: such CBJlVU.ll ; d:etermin*.[::a.nd . declare, · and de) bttreb;r . certify :1 that said pro1)oa:1-. t101f:·~~e.jti\i.ed~ .at" and speet~L· b<>nd el•ct1on t:tte aftirllat1ve vote. •. ot:;.;~.o,~·::t;.tiall:. ~:wo:-thirci.~ o~ 1a:Ll '<>t'' the vot&r1:·· voting, on .a,Ud \. ~~•fti:Qnf,"-t;;1A.id ·e1eet.ic~1i,, 'Uld was.' the9'll17 carried and ad':opt.ed at· .:aal.4 . "l~c·tjLon, and the i.s1nw:~ee ot all of! t1a1d bonds · by sa.i<l: · C:tt7 "na dul7 authorized. · ','I', !:··. ·,,-. 1·' ::, ·, ... xov ... '?Hltiml'ORE, the: cdun.c11 of the c1ty: of Palo Alto DO. ORDAll . as. tol:LQWa: . . . ·. . . Sft.ct!on ':l~~: . Thltt . .&11 :11~0;~;·a.,:/ coccl1t1ona. :a:nd things requirtd bT: law ·:·to·, e#nt ~: heipperi .andl 1~ p1ert·onud :pre:eedent· to and in :.tl:le: .. 1:S . .U.Uce o~::.3~1d ;:'b~a .. ll&.v1i.fr •~xia;ted,,. happeneid. .and been perf'or1ttd• ·. · 1i1 dtte: tiae.~. tor1l.and Uml.eir u· required b7 1law, and the c1t·y ot P'lo ilt:~ jl'.a· no•:·•u~hOr:l:s~~d p~~auant to elaeh and. el:ery re-·,. . ·.~ ·. . · . qutre~ent {o~: ~Law t0:?1ne~ i:ncleb~ed:ness in the manne:r and rorm· .1n ', "th1a:::ordinance:.provided~·, .· . .: . > · • · . ..'+, :<·. ·-_ ·1''.'. ;1·,· . . ; . :;~~~~~;·~.~~... .Th&t: the i1on~'a ot the. City :or Palo Al·.to 1n tbet ~-te :P~1n~ipal'.Ui0unt 01~ $125:000.00,, t;o be ·known aa ttTh~~ · c1:tJ-.?o:tCPaloi·Jkl;;t~:.:~1':mieipal.: · :C:mproi1einetit Bond!s .·.of· ·1947" ,, shall···.. · 1m•~~t:9CJ>Q~;.#.~l'.Ui/'co.•t of. tl=Lit. acqwLa.tt!on, co10.at.zouct1on and com11·· pl:ett0n·;•:·of'·~~~ 1aun!'ciip~l !11!pJ:'!oV~tnts ot sa11rl Ci;ty set torth iz:1 the , toll:ow:l:D.g ;)l:ropoait.ion·.: tc> wit: · ' ' ,'• ' \'~ . '· .. . .. · ,·,·· .. •: ·'. : : · . . Shall. :the: C:Lt7 of Palo Alto incur .. ' a bonded. 1nd.ebte.d.J:i~eaa in :. tl:le princ.ipal amount ::~; ·: :·or. $JL251'000~00: to:r• 1:he .ob,,1!et; and purpose or acq:Wlring; :eonstriuic1:1ng aw1 completing. the tollo11'1ng mmiic,1pitl. · improvement,, to. •1 t: the . •· .(· .;; i .A:cql.dtsf:tion .• eon8~,t:rw1,lt1.on 1, reconatructiQn and, .. ;.· :> eoapwl•;tion: .or buil:d:t1lg. to houae the l":f.re . . · . · · ,. >Dep&l~ment of' ti:.:. :C~L~~J" ot. ra1o Alto,. tbe ®n- > :,.~·:~~8.~ri<~~on: and;. reccz:us::1~r.J.1ct11)n. o:t"& tire .:alarm· . ··}.• .. '87J!t4•.,,1'or.·:11:a:1·d .. c1:t~r:)•.&nd .•:>the.r. w:orks, propert7 ., .; ·.or ·.:&t,ruct~s' :,neceis.i>a~y . to . provide" adequate · . ·. \ .• ,_ ttre p~t•ct.f.on. tc1r . the c1·ty ot Palo AJl t.ot ' ' '..:..~ ·~.'~' ","• "o <', .!' A ',• ... /LS.C;ti~ : :~·· .. ~~:i:.~icl ~)nda lau1i1 be :tssue<t aa herein&fteJ~ '&ei~~;r~;·.;:antiisbatll:.~ .. solid'.:ilt .. i·aec•>r<ia?lce with 1 law at. ·not; lesu · th:Ari~their;pa]~ ·va1u.e·/~ aic:cJ;ued'iri:1;.ereat .. · Sai<L bonds amul.bo · negot~~1e, iJl:: .. t'ox,.j~: ~d· o:t: .tb-e. eha.r~t.cter;Jr.n.<*:Jl. 4U$ aerial, and ah&11~·.H:·~~l25 · ;ln: nUllberi· nµftt~tred: :.:c0l1"cut1ve.ly j~. l to .. 125, b0~/~8.i:V.-4k;. ot :the ~no.tt*t:ton .. of $l,J0..."l0 •aacl\1 •. ill .i)f' ' aa!c:t::~: slNLl.l<bear:1nte...~a:·t f~·tbe1r date Jm1~1l paid a,t the. ; ·~ '.;~~,'', I'' '. ,•:'•J ;, ,-, • ' '• \: • ,t ', ' C ~ r,: ," • '. '. " ' •• '·: .,' ,·~ i I I I .. ' ',' ,'".' ~ ~. <; ; I •rl ' 'I ,, I ~ . ·,,·_':·-·· , .... ,·.· '-· · .... ': ......... ~- l·,. .. ' ... , ' .~ ... ' .. ; ,: .' i ""·'.•"" : •·, .. .'. .. ·"· '' ' ',. ' ' . > ' ,; -: ' ' ' :. 1: ~-~\ .~ ' • ;:: ,· • . ' ' ; ;:· ' ' ' ' ' : ' ' ·n~~~'.olj::;:~t~··)~it~'ted·b~:·· tbe::ci~Y:.~c01mef;t ct:'t~ C::it7 of I • 1·' · · ?&J::O,>:&lto-.. at • .1:h• -t~t.11a .. o:t t:l'lle. sale· -o:.t sgj.d bonds~ but not: to 1 eixi~ed~~ff-(f){).c ~~.cat .~ir· aJmDl,,"·'.~l-·.aeirat-,1.imlldb.;; ... SUcb.I :i .• ~re..~ .. ;.aba:tm.;:;.)e. o·Yide~tid!',';:i,;t @tiPOu·::·attached· to :'98*.<alond, aEld: ···atjeh · o·~., Uits::·<~1&a' "?'11:· ~:~pl~t. s1.X~;:11ontl:I•'· ·.:biter.•:. :;on the' ·· ·· ·~nd: :t~:Wbi.c:ll.~1.t 11~ attach~· ... "Bct;!l!.::~t)M))·:·PJ":'l!J!:ci:~:· ot:~U4: aterest: '' ,• ' ' .; on .S&::ld·:ba~· sbal:t :be :PaPbla ·atc,:;(;):N!L.Ot:ttc;e~ ot --~ ~Uver ol : · · ·· · ·.: _: · ::thei· P1:.t1 o~·8P•tlo;:·•:i~~. :111· 11&·10. ,~~~::i:f<;~j;~~m1f.:;;:'·tn::'.~'.· . 1 · .• · ... · Jl()D~J'' o~ t:ne;:1.:Un1~t:ftt«,te11 ot}l"jlf,~e.1a:~,:. i•sai.·ct./bonQ:''.'ahall(·;·.be date:d · Jfil7•.1./ 19~\·(whi~lt/:j;S.'liere!~ ~~,.~::<lete•rmt:'·~~o::-t•~·:.tj,.e dat1e ' ; ' o~ th~ 1aaue ;'.~>f'.:;:n<~· bondi} r· ;Qr.dli•ba.ll:<.~t:UH;~.:•114::· :ff: ··l~•p.ble in ,. :~~~~~!~v·e. ~~~1~al order-,' ·tl'?ni>l01f.•r ·~· b:tgb.eri• aa··tollowa .• . ·.,., - $5~ 600 iX> :;pri:r1e•ipal . :U.OWlt · o1' bonds aball . .· "> · ·. · :'l!latm1e :a.nd~:be ,p;a,:able~:on ·Ju:ly lltt;:: .... , •• 1 . : , '· :. 6f · ·~;cb ·. ot/i'the~!::~ears i94:9: tcf 197·3,· , · ·~ ' .··,.' ... / l •• ··,···:'.' . . ~· . ' :·. ' ·-:: :' :~·.i· " . ':: 'I j' ' J !, .. 'J ... . <>i, '~- l'' !' -~ ; :i: ··.···t ·;\ )'. ,'1; . ~ i' ~· t ' ~ ' ' .' ; .. I ' '' ' \ ' ·( ;•.,. ........ ''I ., ( ' ,·· ·~.' '~ ' ~ . , ; ~·. f , '.' ( , i· . ··: .· :-.>: b.Otlr.: 1nc:l'tlJS.::1vtt:f . · ' · · , · . '. .. ~-r .......... · ... · , · .. ·... '·· ... ·.: .. :· ::·'. ... '.. . ··.··· " •'·... . t .· ~a:t~:; iI1tereat:·~··e;oupc>~ ·shall be: p~tyabl$.'. ·mi· the: lat t.Uq. o~~-Jan~~~; .. and :the :la.:t< ·~ .o:t:.1JU17 .:u~ ·eae~ :rear :until ·and. ait:.;. ti.,r,~"-~:1~11'1 · d&t~;:.·a·t mat:w~t7 :of.· sai·d ~bo!Sda.. Tt.1.t!~ first· coupo~ on:,~aP!:t })Q~:!· ~ep.re,sent:tng 'inteest · _1'rOlt Jyl7 lat,.: -~L9~;8 to Januacy l:at.1 19~:-· !. I '_}I• '· '•, '.',. '•• •'11 L' · · ..• :··· tt@t~~ •. ·····ii.·· -~•Lid·'~: .a.Ji. e.teh .. be nbatant1&11.;i'.'~in;·'th~::·.1:: · :ro11ow1ng.::rort:a;~: .. ~e:~'J·•awaf in.smt.a· .:tc>~~/ and:.:· .. in· the ro:rttot: c,oupi>n ·· g:t•~n belo1r < tc~ ·.))e ti'fte:a .. :.in: ·•1 tli: app~<>pria~ words and:, t~-~ ' n:a:mtt'l7: ; · . .,::: , <: , : , ) · .> , .·• , · . · . · , . !fo~ . -:· · :-m: c.t:n\ OF ,:t~Ai):). •-AL~:; ·· a~.>lllttd;cipal corpontto1r. · . orgmrl.z6d ancl:;U1,•·t1ng ·'under thiifi.cdm~t1.tut.1on a:ad lawa, ,of .. the •. S4cat;e or C&l1f'orni~,-hereby ae:tmc>Wlec~gea itael:f' •indebted:~'.and .. 't'o"I:'" value ' rece:i.Ved;· pr<>m1••·• i;'o pay t;•o the bearer. on the lat ::· ' I : da.7 ot: ~:tt:r·.,J..9,i ·,, on :mousA!m:.· {1·,c~oo) DOLLARS:~. togetner·. With inte1~es1t .theziet;on at. tho ratie :Of · .. .. .-. ·. ·· :, . . , C · : ' • .1 . • .• : :.· • :,} ;per ·:Cent.. P:~r aiii~mfiI .p&y11.eniE o·i'-:ii!d, .. ;.;: -' p;£n~~pJiI">iU'ii"":ill ,hll, ~Qalb~e s81d.-a~tmuall7 on :the·. 1a~ ·'da.J' ot. : Jariu&l7i.and ·~:btf·la't day .of ::J'.u:ly:Q~'.•~ch :year. Such: interest,, prior ti:> aatU:r'1ty, ab;t!ll be pQ'llble •efliJ.7 on pr·eaen~ti:on and· surrendl~r :or the proper-1nter·••t eol2Jl10ll8 beret~) attached as the:r: : respect~t:vely. becO.e .due • llo~\1. t:he pr~tnc1.p&l o~~ and : interest on i ' this .l',)~Jld : are;~ payable .in l~.111 !Bou):' of . the 'IDti"ted St;atea or .America' at ~h.e• ottice ot tbe. ~:rrei&SUre:t.-o·r the c1~7 or .Palo·. Alto, .! 1ri. Pa.lo Alto, :C&litorma~-· ' ' ' ' ' . ) '' ," ~ ~ ' ; . ; This bond :t. ·.one of'. a ~.4uly au1tJ~:i:1zed 11a•u• o:r bOJl11s of I aai.d C1t7 aggr&gat:tng· One ~~ Tw.n:cy-t1ve tbouaand ( 12·5,000) i,: <iol:lQ• 1n:pr1.nc.1pal .1.11ount$: iilll ot'l::LJ!ce tenor: and':>d.at.•t (e~xcept ,! . tor . aµcli var:ta;t'iona:~ ... 1.t &nJ,. .. ~ta<.aay• bei · req'U:1;re~ to · daa:tgna.te . '. ! varji:ng· nuilber~:; ·liatU"r~t1ea: ·o;r t.J1t$ft11:t rates), and· ia. •:Lsaued UD·ietc· ·and, purauant 'to:::·t:lle·· •Con:tt1:t~t:ton···.~··::l!tatutea: ot ·the. 8'tate or ,, . : cilj;;for.nia$. udJ':Under,:aJ:id··p@llunt· to<tlw ordimm~rH :8l1d.~pro-, ··,I ~ ~ewd:b1ga 'of'.. PJaid C.ity :duly :;:l.dj:>irt.&d awd tali,:en . .and .a: ·votce .and asel:lan·t · ~ ot'·~ .:,tban -~t.wo~th1Mai .ot ;a:.1Z1 'tile· q_nallfie<l,:e:1-$Ctora )t)f:.~Aid . cit~'vottiig •t .... ~a apeeigi'.el~~~t:ion: :d:aly called :and. beld.:·:t0r:·~t•t t>ulp<~~i ·, '~ ' ( : ' ' :, ,;' . ~.·· ' ' ' .; ,. , i'·" j ..... , ' ' ' ' :·. ·_;:~-'• ::,:. ' . .>,»·,·... .::~·,;/,~:·:.,·::i .. ~::,·; .. ·.' '.''. ·.· , ·;. ·::'' '11 ,.\ ·,,' ' • \ ·~· ,~. 'i'. '• ,, . ·. . , . ::r~ ~:s:::~re~y\:~~1\~1,, ~1~e4'. ua :de:e1ared::·t1•t all.· • : act:ai! :~ondit1.ona'·:.8.D4;:t~a :~1Jq~·::'.b7 ~ law.:t.oi eXist;;:-J~;:an;~ ·' ,t:o'..]Mt:i.-~:T-to1'H4::-jpr~~t;;:t'.1:>.;:~~cf'.~:;tu,·:,t;IM': :Lasua:ee··ot: :11;1~t#r'.'::ben:d h&ve t~x~~-;~~; .: haP,P~d, a:ft~··::i:,~11s1 .:P.rto~ .. in o~e ti)M;1 tora and ,. '. •• • /~·:·,, < ':',, /, ',,·· :.~-·:.' ' •• : .... • ' .,"1'.,• . ',.,,1" ·;. ''. < .. '.'·~· ·, ~ ,::.:·:·.::_:.· .. ;~ti~);.',,;:·.,::' ·'. . ' ~· . \-' ' ,. ·:~ -; :.; : ::.;.;.'\;: ~,·1' " •• '• .. ·:··, .,. C:> ••• c..ir >.: I i \ .,,. ' ) .'. {.,_ J!!'l!"'I ·•.. ' . ' . ' : '' :, ~:· ' ~ . •' •' .. '• (, ... ' I' Ill; D . ' ! • • '"· , ' " . \'l' i :,.,, -·.··,: .·,, (' ~~·; [l~ ii ,~~··••·"·!•:··;···~•1 ;z:~i '.:~'.·~::;\i~·::~:l,,&i]~~~~~~~&~~~~i~ii~.~~~~l.~)~.i~~~:~~ .. ~. ·.I.~ •• ~ .• ~:~·~.~~~::~ .• ~.~~'.~~ ~~~~~~-~~ ,,, ' - ····1·-. . '~ . ~ .. >A· ' · .. .l'. . . , ·' . ', c. ·~· :&I·.·.~ .. , ~ . .:-:<•::: ,: ' ': ''· ' ,~rr~a.3~1rer of. tlie ~:~I"ti of'."l"iio ll£o:". ' ,::• e~~~:i;)o;; 5 ~ . The MaJ'or '<)f: the City ot . Palo -Alto· and .t:lle I . . %reia8:urer · .,:r: a aid City a.re her·eb;v aut:t.orized mld d1re(:ted.~ · ff-i .pjt~i'.V'el.7<;·: •:u .·such .o::rtieer:s, :tO. execuite each 1';Jt said· '.bon(ts on1 '' I, ~t:•·ot•1<a~j~d~C1tr,: and th1it City Cler•lc; or oa11· ·1or ·:acre ojr her: dep\l~i••~.:~~tt:S~ b!'frebi authori:r;ed. and di111ected to:·. ciounteraign eacb or •and:;::~i)1~a•;·and'-·;:to attix · ·che c~>.rpora;te seal 1~ .aaid City. tbe~etb. 'Sa;1.d.1ia);i~~~d;.~a\xrer .a;r;a bereb7 el;C'h, ·· reape~~t1vel7,· author1,ze1~ ~n~ca••~~1itatlid'.'.1j,)Otida t"o be a:tgned :b:r -tbeir pr±n:t~~d; ·:lit.nographed · . o~~:•nsr.~YiiK~.z::ta~s~le , aigna:tUl:'le• • · Sai.d. · Treasu:i:-tar is he:reb7 · autia0rit!t~1fd~::;'directed ·to ~ai:ga: each ::cit' the 1Jlt,~t coupons:, ... e1t;he~':~jf}~~··<~;~: or.b:r p:r1n1:~m~ ·.litbograiphed ~or engraved ta;ea:tllf:'Jl1s-~:1~:fip1at'~e'.:· .. such sig:tlingJI·: 'c,c1untera1g11~mg and. aea.li.ng u ;;~ret'~:'pro1:td8d.:~hal·J.:·:oa a .·:Ju1'fj~;ci:e:nt and ·b:1ttd1-ng··e:xeeut1on · or ;u1:¢:·!1:m:~~: and',·eo-apon••::lJy:.sa.t.d c~t::r~ ·.·and a1l ·auch s,1gnaturea . 'anct~~;·'coUElt~1~:il!;D&~8i exeeptti!lg·· tl:Ult·:' o"r the· C:U\y Cler,k or her :•atti~~~·it'111iq:::be: :Pr'JS1.ted:·~····-1:t~biGgrai:i'tled! or engr.a:$;ed·~ In cue any . ot ::tAte~·.:[011·~'Cf~n 'whose; ·a1guatu:rea o;e ·· c:ounters1;p:atures,· appear: on , : :. '.· :1 " .·. . '.~ : -. '..,_· I •• ·.: ''•,' "~'.< ''.;~' ""'. " ,: : ! •.·· .'.·.''' ' i , I I • 'I ' I 'l i' ·::,:: -.·· .~·:· ,· . . •',' /~"··,: :'·, ·,• ' .. ' : ,' ~ ·, ...... , .. •' .. ~: .. ·.·~.;:~!.<)~:(: :' " 1•1 .. •11•--··•••i• ,. ==*'·~rc'.~'~,,lfJ. .. ,o.hf~fu#bfa .. ~.~···~!WA~,,~ .... 2,id&.~faMi-f¥E9E1~~~~!!!HJ!HB.$HSffiL!,,jfdff!e"'g;,f2~1f9@~~~f4445,i~··, ... •,. .. 11 ... •.111 ... •1•••••,111119 · : .·· ·, : •,:. ,...;.i~~l~!llll-a"l!ll'.llll~JM!ll:l!(l)il'll.ll'IBlll(q~l't:l!l.._l~OllMl\c?111011!iiftw~~---i,~-M;"'..-.. •ww~,.. .. . ··. · , ·~< ,.\ JSliO>: :. . . . .. · . . . . . .. . · .. · . 0 '" . !,. ,/ : ,~.-·.- r"· ... · '·,. ' -·. ' ;'!' " ......... '· " ;·,. ,'(, '~ .. :· ::'.~:: ~> . ': ~ ·'":':., ·,: ,•.'•: ·_. . '< ,. < . • • /: .--· I ,, \ .. ...... ' ',,I• ' ., .·.r, ·' ' ,• ~ . . : .' . ~ ; " " ~:. ~ . ; !' '. ,, ; .. :, . i -.! i ,,'" f, . ''• ~ :~· ... :· '/,•~ . . . ! :,...... ,' ~~ '_I, .~ ·,i ~ I .. · ... ·,, .. >:..: .. · ·:.<:-:1 ::, ······:: _·. _ .. :· .• < ::.::::.·:·'··. : .. :.>.I•·,·~.:~ ··<L: .. :. c.. the /bonu:·:oi·:;:.~m.. ahal.1. "1ase to '.bf& .aucli. · ott!e•J.1< '1bt:toff':th• . . >: deliv~'.~or '· ~L\Cli :~>Oil1ds: to: th&:~pUrc:me~ · al:tcb::~•~1~~f.:oz-:' · .. ·• .. ,. !i comt,~P&.~!tlM::}~ll ll!fnrertl•len;.·'~ Y&l:ld::,;~:. ~~t-tcil;e.thtor: !, all p~:·th•:.~~~'ir.a tho-;'i. tb,Q· bd: -~~' U~·1tt:t1ce·I ,.1 . unt•il ~ ,4el:l.Te~)" or t\he bo:&tbl. . . .. . ~ . . . ·~· t . '':; ·:/"·'.···":i';;:.·~ -.:,,· ·:·· ""::·;_ ...... , ..• : .• :' .. . . . . . : : .~ ' .. ~ .. : .> .. ;. : ... J: ·,, '; :·~:·:.'.·; ::: . :·"··'· ,: .: .'Si~OJ:l;1s·~· ·Po~;:.tliie purpt>ait:··ot· pay.tng~·~he: :.princ·~:~ -.ot;'·ana:': int.•re:•;t. .. '.·.eu.·a•afd '.:bond•/; the c~Lt,-:;Cotm¢.1l::o1~: tJ>.e .Cit,::JottPaJ.:o.~ ,··,~!·. '.ili.'.o •h&ll ;. , a:t< .th~t. tille \' .ot ·.ti:ttng the genez1al ~ l•T.J" cid 1n. tbe , i~er~;·to~:-~,et\ ,g•mtrU;\tax~ l•!tVJ'· prov1d$d: ... ·" l&VJ' and· •e:ol'l.~ct an.:.:!·: ' , . nftl-;11"· ea:cli>~~ ~mt.1l·::!la:l.4•1~:mds are: pfdd7: i' or, mitU. ·~ auul · .. . :l>•·'::a ::.us., .111: t:~:; tJ~~:1r ~~ '. ~Li.d i·(:.it;y'; set . al;I~·: t,o~ tJa.,~:.Plll'pOIMt . to .. aeet au· .. s:a:a ,( <:<>IL1ng: ::duEt .tc>J~/pr1*iCiJ)&l ai·,:id:; interent:'.;on. :•~ ! ·, ~·.. &.~ t&lt dri~.t~~c1·ent ·.to p~r> the .. ar.u1ual in.~erest on such '· ~ .. : ; , bon.d1r; U.:, the . aaae bect15H!ta due;,:. and &lao auel!~ part o~ ·the princ 1.-: · p&1; tne:r:ecif al: j aha.ll .b.e,:tcie ·due· ~tore tM J;~roceed.e o.r o. tu i : ltt#!~· ~~ :,j~?l~: tme'· t()r ~11~~ t}le nut geniei'.~al tu lfrfY. can be ade~'·av.au:ab:te, : t~r. :the ;pq11m:l1;: __ ot auch pr1n.(.~1pal s. Sa:1d t:u sbtJ;,l. be· in .a<.lllltt1on: to;. •ll' othe·:f'· tiL~es lev;Led tot• mm1.e:tpa:l p\llrpoaes,: end: sh&ll.i[be:. coll:.Cted at ·t:he CJll.mei t1111e and: 1n the .. awe 1wmer aha .. c.•ther . .W:t~iplil· taxea are.' ·~olle-Cted, · .. nnd. be used ··tor~ <ao other purpo~·~*ii·~·.~·'i>a~:t. ~.r· ~rda·:_bondn and. itccru.ing··iioterest. · . , &t.id ,taxes aa ·:collected( ah.tll be .rortliwith paid< into :t:he tund. rc~r ·· · ···, wh:;~n ~h~ <-sue were. le~11e:d anclt .. co111acted \and· wliieh · al3.all be · de•igna;t,d.·~.19~7 MWlicd~pal IJIJi·rov:e•\ent~ Bopd Fund;• ai~tl> *11,~ au.1 to pecoae due tor. the prin1:ipnl ot •1mct interest on *<~14 .bonds shall 'be p~d t;roa: •u.ch~ :tund. 'l'b.erilt inbal.l · lik«-wiae 1>ie depoait·sc~ ill. 1&1d ··:u~··. an)'_. JllO~e'Y:B. re¢ei~red on \:_N:~eotm.t: of' 1J1terc:~;st acerue.1 ; on· said :b~nda, troa :the1r, d.at•t to tl11tt date of del.iv.e:t~r~·:and . · · 1 : : ac:tual P&1l•er:t: of the purcl:las.i• · pncei thereof .. . \ ... · Sec·t:illri\, "l' ~ . '?l'lere fa hert~.by; . craated and eatUl:i alb:ed a tlmii,,~ , wh:i.ch ~:t:':be <k.P!t .. l>7 'the. Tretasurer,: ot. aa<1d: c1t7.,. 1:01to; which.,.: · aball be dtipoaited tl;1e prc1eeeCl.s of , the: sale · of' the: bp:11da $ ••· ., .. to·llows,: · < .· .: i . · • · : · ::'·,'. ' >·' .~ I · .. ~l~~Jt.T :.~ .. ~~: •:f>epart~ent Cotl&truct1on and Iniprov~,•~i11t ·Fund•, , ! by-whi·:ch; a :re1c:o1"d shall be· .ke,pt or thtt diaburaemitn1~a; 1:):t the · · p~cee~~.· o.t'.C~1ae if•at.1~ . ot: $l.~~~CI00' 'prihc~1paJ.: ·'ml¢Wlt' ·:•>f1 ·~sai;~. · · · :: , .. Municipstil ?mp:ro'41"el!lent :Bomlts o1~ 1947 .( c1t-ber· tl3rt a.cc:r~t&d:/in~er.e:s:t NC,1VOC:t' on; "t;cie all.le ot, Said., bonda) , and SU.Ch p~)cNdlJ :ahaJ.l bi&::: : . ' .•'. appl'i'.id'.:5o~e~}.to~·"··the ~urp1ose2i: iliid o'&;t•cta ape.eii?i•~: ·:tn·. the ,.propos:rttonrsi!t .:to~th fn ~:eeti:on; 2 ot thia ordinailD!le> .... ·· ~ :-· • • • •" ,• ! Sect1.on i::1. 'Tbe Citlr Clez'k. is d±rected to cl~use' ;:i · au:rti­ei~nt Dimber ·1::~ blazlk ;b·o~Ulls ·u~d1 eoupdtus: o'r atiitab,le q1a11t~y to , ~-~ lit;hograph•!:d_.,, prilltled Q~ e:c~aved.;i and to.· .e&\us:e tn1s. :blank spaces thereo:C' t-o be;:·:'f:ttl:erid i?J( .. to eoq:~l:f ~ontii ·.the! · pr01d..-l<ms horeor·, ·and .tc) ~procllr.ei·.th:efr :e~ecu.tic1n :i,7-the p~p.~~i ~:>tti<~•r•~: .. ani:i ·.to '1e11veJL": t;heJl·wb.i1!n· s,o, ''fl:x:eeuted, t~~ the Treaanre:~ o:f'· :aa.1d . >: . c1~7· w:tfo .. ishL1.:Lc;~aaf:~lT>kee;p ::tht!. ·.sute·.;·.llint:ti• :tb.e;y ~~.1'i::1t>e ·s.c.rld;. ·bir · that:·· a&id · ~~i;;r: :~~11.; ,lfb1treup1on he · a~b&ll d4tli:vel'1' tb'5111 . t;o : th& .. · })u~~::or:1,t¢c~~aen+th~ectt,J·· on,;.rec•dpt .. o.r the ·JH~~:~: , ... pr1ce •.. : .Sind· .lla)"o~~· :'?.reasu.t!'er '.:and ··C1,t:p-Clerk, "&1.'"e :;tm-;~i!Mtr . , :, ,i a:atbo~s~:t ·an<l'·cW~ect:ed .. to .u:e; ··•xet:ttti~ and ·.~dieli'lt'e:t-!,~i~()::.t.t:le ,pw~;.;: ch~,.e\·!~::~ri,'aaicl: ·'boii!lds~. a . aiptatti:M:· :·ad' .:;tl(:l~~·ll t1g&:t1on e•1.1eti:f::S .. ~t. . .: 1n 1 the:· ~1"ois '. u.uaal:l~ ~d: .b,.. ·p~tis~,ra .,or.: mmiici;?'ll<~bcl\Rd.8· · ' g•sk~l:t:j;~ :,eel~~ to t)i1e lj:enuin~ia~s. ar;td •dta: uee1i1;1,;on :ot . · ,. aatd ·.::.bondi1C.:amt:::~:"t•r . c.eJ~t:lU)ing 1 to i~;~ :. fa.e~s, wfthi:Q; their,:: , ,., · · b101il~;~;:~bt.tf*i .. t·o<U7 '.~li!~:t1pt1on :~r.b:~~h :ma;!:. or· ;atgl1t .:a.tfect:•· : .. · aa1(t:<;1,::t}t:l' ~;d;;;,otticera ;10~'.: "",f~:::bond<E:,,.:~md, aajld. ~·~·Ure~ 1.a·' . ' :t'urt,be~· .;&)a;thOi~fze¢:~" d1:e«•~1t.ed}:t.o ~-Mk•; exeeate:. ;ud,::•1•11.Ter <·· , ' .. · to··~;"lP:U:V.Chal:e~-·iO:f Sjj.d::~: '.b~1~1d1; .ti; :~as,urer•·a-:rece1p~1.~~Lrt::.th:e. r.~~:.. '' usua:ll7': •:re~'fliCl:;~7. purc:ba;t:4!'!rs ··:ot' auni:c:tpal boitlds:, :e1v:ldenc1ng ·.'' · " , ~ • ! ~. 1 " . . ' ' I. , I ' ,; '.· /' ·,,. .. ·· ... ':._,<[\• / :~. ~ ,., .... ,' r' • •,: I ~ t J 0"', · . . -, ' " '' ~ ,,/~~\~..f;~'~'~';{'.?~%;'.'!f."·;-::,:i~~;$:·:;'~'~-~~/;?::: J"%~;i.1\Pffi¥%f:D~Pf-.;~~~~~:"7'F"'·'~'~!frk!'~f.~:;~'U!t'c~\'lk!• .. :u'!~;#%1,l:l~,'L~:}~.?f!;.1r~f'~~;~18~l\1\,:111!,J~~~fr"~\~~r/'-''~~~"(';~\:~·~~(:·,J~:i.\"'''i'.·'~l~!llll.~"'°'-f"\~'~;!~~fA .. ,.•.,,~,"t'fll.,.fi~~il!ll.,?•_f'•.1'1:,@• •.. •'.~?•;~+n.01;;--"1'9•.,, •P•A&•,,ll,,,•· _,•: .. •., •.:.':••. ':··.~i~ ~!;f. i::~, : ;_·;~::,1;. , ;:~ .,,; '~>;· >--, . :;;''.:~;~ .'~\:I: ; \_:: ."' -~ ·,-I ii . ·;~,( :'.' , : :7: ·:r ">,:' ,; ? l[' ; ~ ·: . : t'' T :/ . :, . : , I ..... ·:· • y' ' ', ', > ·::~~~~~~~-.;~~~~-~~~~~~..:.~~~\i~..;.;--~~----~l~-11•lllltf~·::~~~-~. .., :, . ' '' , ; ' ' ' . , •' . ,, '!' ' I 85•1'. . . "11 '· .>;'l\.' '' ,. ,:.·, ,., . ... ~ ' ·~: . . ~ ... ' ·.·· ' ', 1·''·· ·,., ···~·,:_.~·;_::, ,":: ·:1. « ·'' ' : ; 1, ·',~· :; -> ' .: : ,-. ~ ' ...... :·_ ·~ .... ... •" ' ,. ' • ,",J 1 ,.r. ,' ·.''' "· .. , • : :·;·.~.'~-'·~ :· 'l ' ' ' ·. • . :/:' '< ; I ••. • • 1''.. • . • , . ' • 2. .. -~.~'.;-:'\-~1 . ' ' 'tht:-p&7J.~:t o:r .the pilrcl:lu•· pr·;ice; ot ~t.id bonds, 111h.:;;::\· :.·.;-~•1pt:: .. :·m111;::~1~J~~~];\:1a1v.-.:/~~en0e ;_tba~J~1l: ip~····.pz:1~.:.;;:~.;~-:A8~ 'beeli •. pa:L4~;.~j~:·~i~'.)H•~~~1yu· ,b;r;:~1:a,{~$~~[. :.:~\po.rc:~1r· or · , : au2baect~l~·~~·.i:or .. ~,:~l~Z'.. "~-..U.41· ~lJJ _f(l .. 1ll•~ei),J;.·~~~~~1.: . _ to rel;ri:1~·~i*l!d:j•haU;: i),e:, Ju•~·1t1e'.J;; . .11'.:i.J:•l]".1ng'.:;up:c~n,~: ach '. • .•ii1D&taa~,;(aiM{.:1~o~ll:t1P,t~pn ··c-ei~rt:1f(1~tt1~-:~:f': ~alµ.~:! a ~ce1pit; . Wj.'.tllr,:;Nt~(oJ;¥.t:Cli Uiid::~ b;pnda•:; ext!Ctt;'ced pm~t to , the authoi'-1 tJr ··. ··· or thi•J:.:or)i!113i.r1c«t" •. : ;. · .... · .. : . . · · · · : · .·· · · ·· · : . : , .. ;:;S\!1i!tt.~~;;~.·;:'.,;it:;<.:::::•-':·>, .. ·i:·:.:·· # :-.~;',; .. ·.:;: ·;· 1• :. · • •. : : , ~ • • : : · .. ·,_ .8!1~:~· 9-.j. '..U:l pf· .. ~tt~~•ohd9· .~i~. be otfei-4~ :tor ;J>Ubl:2l,11t: · sal.•·~bJ:1:;tM ·c1i;:zr; Co~tl .ut .. :·tll••:.C1~ o.~~-~;Pa·lo . .Al.t:o ,-:on the io·tb! <U&Jr or· !'&7-#~~~~" · .tmd'.i. the -Ci~y: {;:l~~rk·: ·1lt.. h•~:"eb7:·.autho~~Lz~ .. and .dil~lt<!tctd to.· cau~~t: not1cn .. ot th-rt sale;· of said bonds to. be p11blished 0114:~ · · 1n the;JPalo Al i;oe .Times, a· da~ily :neWa]>aJ1)er publiabed 1n the C:l:t3· . or~ PalQi\~to~ , and such n~t:t~:e.· shall :b•i aubstant!ally in· the : , follow1:~: '.t~;~· to wit: · •. : · . : .. . •' ·: ~,·'.. '.~·: . .:-.f· ~.: '~: . . '.,. ~ ' •' ' ',. " i::. /. · ' '~· :, ·· ": ·;~. OF'./.ICIAL llCITI'CE .OP.. a.ALE '· :·/~:-: :~··: .. ;,r .. /,.> ·,·,, ,-.,'.'-.. ~ .. ·'. '· .~--''.~ --~. ~-·'\ -~· ."1:-:7" :. ·" ,·· .:~ . (~1ri:,16:r::·::PALo:· AllfO·:MnniX[PJi I14PRoVmmT BONDS. (1p 194:: .·· i ;' ,. -~jlj\li:W..---~;, T . -... . • -• I 'I "'~··::~~-\·>.1i-~;.,-:~-\·._ .. ,;~;:·.,;.·. -~: ... :.~ ·.··~·,.····.-: .. ,-·'•·' '.. ',. ,·'·.· .. :.'., ,/. . ,-'•,' ',~ .... -· ~-~.. '' . :,:: J;wo;r;~:~.,l'.~:·,~Am a~ tt12.t: ;.se111~1i:t propo~.llii will be-.rf! .... Ce'1;Y~;ijbJ"· ~~h'' ::1:.1.ty: ~ounc:!J. ·(~t .t,M ;C~:t11: •.Of Palo :.IJ,:t~-:; Sf~te. .c~;I~ ca11t.~iU& .. ; ·at:/che otf1ce o.f. t:;a~ .Ci~y ::1:::terk thert:iof, m the. <'ity Hall·i.i.il•: .u.1.d C:lty:,, on . · . I · · '::::.'~::.:<:~ ·;_,~:~·.: :· . ·.; '.-.·· ', ;:.·:, "-··· :'·' ; '.'.: · ·: · MONDAY'. PLAY~ 10 . 1:9.!3-S ··. ,,,._ ''.~ ·: 1· ·\· , ---:J., .... --:.Z-1=- at:'~be jho~.r ot _7:30 P .. M •. , for· ~:he pur?~aa~· of $l2!LooO~OO prUeipa:L .~ou11t:''.io,t: b,ondu ~i:r said.: c:tty cteaipia'C~itl "The Cit~r o:f' Palo. A.l~~­'MU!:d.ei}:::til.;DRJ>r<,-~ment E~oncls 01·. 19~~7,, ",1: more part~"elllar.17 deair:r1bed as' '.to~~:oW.J!';;. . .' ' • , ; · ' ' , ' ' , I • ·~ : • • •• , , , :, 1' t' I . I la. ' I ' •• '' < • ' •• • ' • • ' .~.' i ,, . .,.-·' : i .-.. ,, ,; ; 1i" . ISSUE:.: . · ~~125;10()00 ·. c:ol'l~s1J~.t;1ng or · 1~?5 .bonds ·OJ~ the .--::-1 ·:,.:·;<i·. < X /,, "::, /<~e~ria~1o~t~ c~t · $1,poo~ ,t,i~~h.,, nam.beJ:-ed l to, .. 125~ :iftc~~tve; al.l dateqi July l, 1948. :'{ :. '.+:~· .jJ< "'.'.':.~~;:~: .. ~·.··',,:: ' ',~:: .... ,;,, ' ' ' ' ' ' ' .. ' c , . ., ,' ' .fm!!!!•T ·u.TE:Jr&Jcimuli .five '.{51 '.,P~.r ce~,t':• pttr ann1zm1 -payabl;e ' .. ·. . · :: · : • Es•11!li-annuall7 on Januaey: lat and ,J'ul7 .1.st '. ~-, i,:~:-; :~t:;::: ;·~"''f··:·("· j.n., ea.~ ::;~'&?",(tl:1e: ,f'~LJ.""&t.:,coupon:· o,n c~~n·bond 1 • .• oe.~DSfJ>,•~~le-<>n;.J~u&:t;J' .ls~t;.· 1949 .. ·. -~11AA;er~; ·1mis1; :.ap~±f.J' 1· ! •• the :r.e.1~• ot int:.:eJ:-est .. rb:f .. ch ther bonds._ bereb7 · Qf'.fct:!".ed . :tor . H~le, · &li&11:1>ear • .'. m.d.d.ers 'tr:~~-.ll_be .. perid.~e~l :to b;Ld'itJ.i:!"rer:ent rsltea ot: 1nt(trest ancl to~ ap:,;a·t ·:rate21 .. :tri"esp~·¢tive oj~ 1~he naturj;-tiea.· ot'::,a&i<l. 'bonds.. . ~t'he 1fr~~ereat .. 1 .. te· 3ta,t;~ct: ... in, the 1>1d muat l:..,, -.fn. : ·, ' 8.'"mci.lt'~ple. o:t' c;n4:ii qu&J.oter Ol'' C>iie ;per <:;:e·a:t ' . ' ' '. "': ·~ ; ... .\,. : ;:/i;y .:"~',/,,;';·; .··. · .. ;"-: ,;''~ ·, . • -.:.· ~ : : : : ..... ·;·-:· ·. ~ : . . ' .. i I ·. ~.!OB~!~#'.~ .· ·~:~d.'>bo1:i~Ss ma1;~~e .8~r18.ll:r in. eona•~-utive ; · . · , . 1:~· ~.r:.-•.·. .Drmner:lca.L o~er,, . from· lower to .Jlligb.er JO · .• ·t5,,qoo1~o:n· ~e: l:st; d•l7 •:"J.t Jul.Y 1n 1eaeb o:r the ~reat:~s 1949 , to.7;l~7&:i both: in1:l)J:111vj!t, • wi t:b<>:u:t .. :option ot pr;~ol~: p&JM:i:lt ... · :· 1 :•. ":: __ :•,;,.,'.(.'~,:;:\~},~~f~~.~>-.:~ "·, ~~:···" ~,'' >._ ,, ··::· · ... :.·.·. . ·~ ':;. ~:. -. ,:·:.:·:··:I·~:··:·.: P:A~t';;::. ,. _, .E:oftb princi.pal and. .,1ntertr1B.t. pay•1Lblit-1n .law:f\ll. , . . ,~<, .,'~; ~.: ... ··.• _ .~.OJ:ie.7.· ·or the. Ulut·.td'. '~-~t:e.i( ~-~· klle~~:.Lca a~.·:: the .. . · , I. . . . '#l·f1 . f t""' . •r . ""' tb '"it. f 'e l .. : <;;:·c ·::13~ ;-,, \ . ~~· ce. o· . ~e , ~ae~e,r OJ•; e 1:~ . ·:r . o : ~a o. A,~~::~::;}J~~:~~~~~ .. :·,' ... -·:,,:·'..'., ·.. .· .. , ~.. . '" ~ .. : : ''.':: ' . , . , . t. , ; .PDEOSJ~<!!t· ·.~&;1;_4,~nd:a a~ >t~th.OJ:"i~d-.,tor;: .. t:1~e,~~·~~··Of' .: .·' ,.-fsSW~.:~r.:::·t.;;:·-:·:. ·ii.~vip&:t;he-:t~e1l1:t.1ea.,~~ tb•:Q1;~.,--o.~-.-~al9 .·: ... ~ · . ·~::'· JiJ:.t;, i·::~~;;:) ~: ;'" ':-• .~l'.to·~ ·, 1,~1.l.u:!1ni; (~]:k~ · c~~t:r~llet1~11,, :~~o~tr:uct~on, ,·. ~,;.~·i~~Oll~::~ ·~;b,:uil<U,~8. J~o:.;,·~OUH t~E: ···FUe· .Dti:~~~ae.n~' of ' .. /t·hei;· ~1~¥::'1;13.d;· tbe.: eonatruction .pd. recomi:truet.:lott ;,of .. a .. ;fire · . ,. ... . . ;.' . :"ai'.~,:~;t,••.<1"~r: ~'1. t;~i. -tt?j:>~v~~e· .. ~~q~~t•1~· ~~:~ prot~~~-:on; P;#~e;:: C~~~.~-~ -~1;,i,l~;~prop°'*:\t;;~:®.~. ~~~te~ , t4? :::~h.:: ~:I-e1:.t.~a :<ll~' tht~ Ci·;t.::r >~t an, -~·~~~~ .1tO:l.~: :~l:l~~ .. ~ A'1l·;:tbe ._ l6~i:t ':1:~r:. ot ~<:~mJ.le:r~::,! . +947, ·.and:'~approved :b7• DOM· :tha.n .. two~thirda vote the::reo:r. · · • ' ; '• ' ' •• ; • ' ' • ' ;~ • ' •' '. ,' '.' I I ' .' <' 1 SECl!JAITY:: s.u~ '.bonds ~e general obl1gati10ns or the City :or -;··:1, ·.,. I I, ., ... ' '''.; :·. ·,,-"' . ·,'" "· , ... ,. ·' • r' ,''' .·.1.: .... ·,' .· ~·.· '· I' ' ,_I '; .. ·:::-·) . ,. ', I.' , ',. ',1' . ' . ,;. ,', ... : ·' I. ·.'. . ·::·,' •, ',' 111m-•-:•••••1--•1Bi- .) ''I). i• , ... ,,. . .,,·· . I .. •;,',, ·".' ,, . . ;ll .· ... ,· ' '•· ·.:;' ··, ... \.., .. , ~ ... ~ ' .. .~ "·. c .. ; ·.~~-· .. .... .. ·•I -,, ,,. • • .:1;'1:' "c ·.,' ,'•, ,,. ·, ·.·. ; ', , .. · . / : .·; .':' . ' '1" ',I •I ',•, '.) I •) t- o ' ., . : ' ~ ' ·. ~ ,·•1''i .; ' .. ) . . 't· I . . ' '~ . ' . . . ' . ' ; .. . .... ' . . ·~ . _-. ' : ~~. ,.,,·. \ "~:. ~~ " .. ·· ' . ·:' . ' . ·: !:~~'.:,, ',:· ~ ' •:· 1, ', .. -' •:: ! ~' 'I .. .. . <· ,:·::,,k.lo;{0:il't6:~ ~a:; tb.O::;c!tJ-:·'::cou10il"tl~~--,, \~:~ :·· tor~~~1~~a;~1.!~b~=~~~~;. pro~t;T~.¥1,tbin: ·,1~h$:~c1-tt";·or::.: ·ra~(l~:: A=lt:o';:·n1t~>et:·'''td~~,1·bJ"' · ·· · . $a:tdt.1C!'.tJ-,:::< U:cttp1f' c~·.!Jitt~l· ;Pft~Mtl· ... ~ .. rq. ~~witelk:~ :.: ... '' .. 1a , ~t.x&blit · at:' :liln 1~.ta··:~t~a:l' nth()ulv·-·11!1i:tt:aLtiOa:·· c>r·: ra:te,.1 ori a-.t . ' ·.~: ,' ,'''.• .'' ·'.'.:' :i:~)_;: _.·.·_.,' ,' '.;'· . .._,',''.':' 1 .,.·~'. ,~·.' ·~ "'·.,_," ; '.'': -~,,\\ .~-::~1·'.~o..",.,.'· .. ~:'i.~~~-~.':_~''' ,~.-.·1.,~.·..,·::> '• "' LBOAI; 'OPI:llO.fh. TJ1ut:·:1epi op:l:nion, ~or *-•ra .~ · on1c~:t.. Dablquiai':t ~ · _.-.. -'."'."7", . • ·~ r-:-~:••&.t!.~; . ~:n> 1•1 &l:12·;l.ilgtcn:;: -or :SU; JPr&nc~.;:: •• ·.· · · · · ·· . '~'·.'.:~:· .• · · ·o!Ll~:tomia; >1<1tppr~fi»t · the~ v&Jl:tdftJ~:· ot ·aiid" ·~ will? be·:;~•h94.: t:o> the. -;-a~·eea8:£:ul; b:ldCler -.rt,thOl:~t chargfi... i' . · ~;·;•::''· •• ,·:,.-.:,, ."'1 '' <-!:•,'~' ... ,',-,'Ii,~,'! I ·v'" 'f,: '< '·•J_" ~", .,• '~. >Ill. 11 ' .... ....,. ' 'c' ~' ' c .~·, •., ;'. ,. '1 ,, I.-.~.· \~;, • !" :-.:: ·. ~-·~ 'rlilDis, op: .sJ:IJt. .; .. :: . :~: ,:·,~; ~ ·', .-,_~-~ Ull ,._~ .. ::: .. _.·,: .;:'' , . mGBES:ir :em,:·,. : ~'.'he'.. boii<la wul1 · be awardea tio the ~~gheat and · b1eatt '5Ii!ai~··coa1dm~ing :~be· tiit1,l1eat·: rate ·oi'-· 1~tea spneitied· and .thtt .,p.r~~; o;f::tex-6<1,: ,~i. "~. . ~.e h!gtlnt ~id w111 bo <1etermned' by .~~~¢;~;1Dt:'.the.a~t:::::or. tb~\:::~~-IM.J·bid·li..f: ariJ°J;tr.oa·,~e . ."~~1 ·. uoun~:?· .. ~t:. -~~te1~•~.'.'.;1rp.;(:h. ~l1if' :~:r~;; '. W:~\ll·~, ·tr~:~requ:tl~!i t.~":·t)&7. troa : ·.the. ·dli.tc-r ~ a,aj~:b<:ifld~: to:-~:tt•.' ~S::PCN:t~>!fe. ~-turi~r "datea' at. t.be ·coapO?i~;-nte .oZ.:rate~ ·:s~i'J~led 1n';tbe :bf~t-F·anit.tlle''.nl'4, w1ll.: '· :. be:. Mile· on tb&;:~--':t'.s ;().r:·:'th&,i: lowes;~, rieti~i:ntereat c!ost' .. t&'~the: .• ·: ·: c1ty~.1··· The· lowe~:t ,ne;t· :tntel~4i:,mt ·.co;,t' shall be C011J>uted :betwe:ll th~ d'lte~ 8.!0rttl,&id &C·o:0,~t~~lg:t·~ ,:Jt&n~d. bond.' interest tables .. . ·Th•··• ;pu:~eh•ae~ mluat. 'P&J'. ~ace3~1ed . .in'!~erea.t,:; frOll the •date ot the ~p:ildJa: tc), the .dl~te' or d'.•l1~t~ey'.. ' . . ~ .! :,,I:'·.,} :: . ' ' •,' ., '1 , ',' -' .'.. ' , ; . '.} /• llI.!3EITi OP~> "· . . . . · ;_ ,~: .'. . . . , • .. ~:;,i;. IE!~nmiL . ','f.be• c'1ty:,of"":1~S:tci Alto ::N&t-rvea thct r:tght,. in ::l"tit'. a!iCEill""oa:; to rej-ect ·cy ~~10id all b1da' a:n~ to wafve &ll7·~rret1p;;. l,.:rftiJ': or<~·nfcrmality 'in mi,t ,bid.. .. · .· · _, .. ' '. \·. i .. " .· ... : ,, ",. .. ~·. '.._:· ··: .,,":' . ·-' 1: ; ·'./ ' . . . . ,,·.:., ... , ' . ..$ :. :iv.ufr):':.: ,. · .Thfi·::c1'Qy·0""1.eie11 ·ot itbe Cft)t'· <~t Pillo Alto vii'i~· ~~a~~ton 'award~g : t~: :b(>nda ~r re Jeet 1.ng 1Lll tf1<1•· not l.i!lt:.:t~r . ~~.!~~~~~-r<?i;r ... ho~s,. at;~~'~ the ... expiration cit th:e t~ he:re:~ pnsc·ri&d 'to~. the .receip•t> olf p·roposal~. '.':···~··~ .. i· .. <''1~,'·>:,.::·:y·~.~~·. ~· .. ~:>;~ .. ·,;,· ···:..~: ... ::,.: ~ ;,,:.;:i··. ·,'1·:~··.,i " •. • ,'! ',.: · B~~-,;·oP:;JBoEDS! ·Delf~~1;·'~if .. :aaid b0mli!s 1ir1J:l" be!.aade to 1~bt11? uuc-· ·· (~Jg, .. MRer~~:the;;oft.t<i;e .1ot the c1t7, Tre:1ljurer of 1the ·~;y ot :raidl:A:ito: u.::~ao1)r.t ·as. ·pracit:teaible.. · · .. · · · · 1 • • : .·., .' .,. :. ·, ·/·./.>i~/·.·.·,_ .. ::;>·.· .... ". ·.:. ·,·:·.:·c: .. , ·.·.( ::.· ' .. ~ ,::·: RI&.r OP . ·. . , . ... . . .·.. . . . . . . . . . , '" · ?!m~r.tI:R.rzoK: '· ·~~e· ·aucoec:a1~. bidde~ &"hair 'hllve ':t:lle · r1ght,. .,at: •. ;: . .. ·,· ,m;ri;;~?n;·";~ .<~eel ·the.•:(~~ontrac:t ot purcha~~ '.11"' .the··c1t:7'.: . ~;." I , . : . . .. , ' ' ', . . . ,• ' . . ' . . ' . I • • i ahill/l tai~,, .'~~ . t~~r the . :b~~1ndl8 . tor deli vary c~n: or.: bet?.re. J1;il1; .~~1 . 19:'1:8!> and ~in :~a'Qc~· • · ev~t: '.t~!:· z.uccea·sful:: b1dde1·.~ ~ll be · .. ent:L~lecr: . tc>; t'he ·:t..•tum 'oj~ t~e: 'depo&l!t aceOltJ)Uy.tng ·.'the~ bi~~ ' . . ' '~J'·~ ,>• '_,,:·:.'.·,,·,,:~" ·'~.',: ' ;,::'\· <>\\~\:·/.·' '.I :1,1''. ';,,," ·• ',_,~..:'.: ':•' ~·,''• ,,~;,,~,' ... '\: '•'.:.·~I c,' ,°'·.,> < ·:·\i'~ ' :PGBlt OP''':!Hh::.:.: m·:.l)~d& must..·:be unco~lit1ona.t; f'.or ??Qt luiiJ'.it:ldm iif";~r: ber.ff:by otter~ t:or &II.le,. and , tor' :not :ao,sa ·~h11~ . t}?e :1pe,:: ·~• ~le1~ot\:·arid'.·.·~e~rued ··1nt~~r.eot ·'~t<r\dit.tit oj~ · ~1;1)~i~TJ~ and' t~~~ )fit;b b:!:dfie~~;!t:~:c;lj~ck • ·;:s.e,: ~J~Q~i··1n a<~~a:tftd:· envol~·:add:reu:ed to· tile' C,ftt"Coune:tJ~~,1of' tlM~ ~·1tr oj~ Palo: Alto aniili:end~~d "P?~OJ)Os&l ro1,e Cit7 ot Pa':l~o Alto Murdic1J)ia ~~~olN!lient · &~l~ .O:f:.1947". · ,J~ll .bids shall be acc~m:atld~ bJ; a .eert..1f:L~l . · chei~k1Cir~'-~•r1t:1t ,c~k'·~:fn:_·-ene: aw,·ot: $5·)<>00 ... oo~: ~LoztS:'ti;<;~ ... ~ .batik or'1·triiit·Fcc11J>sin7,· a12t1l6rlzed• .... ·eo.·.t"rB.dot":&Bd;;;itrauatlU.~·:.1:.~<~ ~ .. :bj .. %Uss ~"'the S1;a-t•:::ot :1,.lft'onda';11··:Pa;fal>le. ·,t0:<tiho' wa•r: ot'. the e1t:r · !'ffaaure~+(llf' ·~~< c.:~t~1 · ot ,;;Pa1o·'J.It:0:;• -t0 rseew:~,--t.,.J<n:t3~ ·-~• ~· .. 1.~, ·M.•f4t1Jiiif:·'troa::tbfi::·r:afltire ·ot':'tu:bi.dde::t~ ··toc.:eoliP~i,·~-iih .~h(it<teme·'or :Ms: lffd;·· ··el2iecli:w 'of:t:ti9': l:tlU~c:ffaoo~·':btdden .• ~:i:.1• . ~:bi:Jret•ed. :·•on:.; 1~ '·•-.n~d .~(tf' tne:· 'l)O'r.lda·~: i.;. :· :io · titteires~ ·~w.t11 :•a ~.:: ~: pa:1ket,-·~n, the .:d.p()).;)1~ Dti!1.:ai!c1:· 1::;r : ~ '.'81'.tCce:iatuJ. . biddff.~ .• ... · :it · .. , I'., • ,r !' ' ' •,·~'/ : I j' I' ' > I " ... , •' ':: ":'.i :,\: :: ;,·,' o,, e" -.: , . ' ... I ' .; ... ',':., :..:.·· ··~· ... ' . '-:.,' '.•, ' . : ,; 'I I .i. • •. i. .I 'i-t./ .. \\' '· ... ,_. " ~·.~ ... , .... ' •, • : 1-"'" ' ' 1;,., ~o .... :;;.;;., >.: D. ·1, i :. ·' ,1 .. I I I I I ·I J .. -...... , io . i ! ' i ;: • . : . I ~ . . . \. IJ, \· . ~ . ;' ' . . ' ';:,. . . '·. I , .. !'· .it! ~ . .· ."·.\' " . ('. ·.I '. ,,1 · . .''' : : ; . ,. .. _·.;. . . : or · ·_The. toilolril:g ponds are 1ol:ttatandti1ig as o,t April l, 1948: r . _,. · .. PaJ.o>J:lto · c:onat.ruction ia6nc1z · 1909 , troo:;.OO· :J'al:o .J.lto c11ty: Bond 1912 , .· 2:)000.oOO' · : ?&l:o · Alt;():: Subn7 .· · ·· : . 1915 · 1:l'9r.;o;oo; ·water. mid Sewer Bonda . 1915• tl,,000 .. 00·· .P•l~il:t.o:.Jl~c1pal ·ks. :Bonds 1917 171,500~00 Libl-arJ':~~ndg_:: . . 1922 · l:~!:.000~00 Wa~ei-:~«nd'. Sewei~ Bonda 1923 6.11:i1000 .. 00 wa"r:::BOJi«f• 1926 :; ~~5i .. ooo •• oo· · ~¥-nt Bo!ida .. · · .. <1927 :31!~,ooo~oo · t:Ubl1~JJ't1.l1t7 Bonds ··· 1930 · -~1,000 ... 00 , · B§S.~~~<~ad' '.. 193l . i1J.~:Jr1.so:.oo ,.: S•w:er~-ltond'&· .· .. : .· ·1933 • ~:,ooo.OC> . ··. "B()spt.t&1>;'.:so.~.~· . _ ... 1939 ~i20l,ooo .. oo :." ·:::IJipreven.nt::.:BOnda· · ~. · " 19~ .. ·.·· .6001z.ooo~oo ! i' ·::.:,' , .:.~ .. ".:.•?·· : ·.·, · ··. · · · · $1~~~'. .. Sfj(hW .. ·.· :F> .·;. \:·. ,, ,. . .. '·: .. -· > ·. ;. . . . I ', . ,,· ~;!\All except ~~n:era·'.12 f'tm.d bonds ue serviced. bJl income rrom., · mUiu.cipal ut111t1~e8. ·and the. Palo .Alto J!oap1tal ineomt.l .• A de- :. tailedYiuclited':reJ~~~ :ot:•tht!:·)Cityta: operat1one :ta: pul711ahed ·• . ii annually; . ~op±e~ :~t.':r ~:~h!ch .,. ~ obtained v.pon• app~:t:eat1on t:o ti\le · c1t1 Clerk~~, .· : .· .<. :. · ,·r' , , Ther~, 1• ~o i~ontroveray ol~ lit.ig~·tion pelld.ing or. tbrElat-ened conce:rnirig:_.t!Ht" vaU~Mty o"t the· ·alJ<>v• issue 7 the corp:orate,: ex1at.~ce ot. the;-C·it7 • ~~r< the: 'title ot the · otf1c,en to the.ir r~etive · · "ottlcea. · · ·: .,' .. ·", ·" : .· ~: .... •'· •.·-: · ''.' ··: ,'' . :, .1911. ·O -.•. '.fl ""°· I. 11: I v:nuPRED nDD I .·City cJ:el"k! ot the City :'ot :Pa.lo Alto I · Sit~ate · ot c&l±f~or-riia .. . ~ ' .1 : ',I I .. <. . . I I . '. soct10n ·10..~ ·The, City Cle:.tic: 1~~ turther. author1z~L and · .. directf.Jll ·:_·t~ :J!l0.11: ~fot:Lce ot Salet or: .aaj~d bonds to the Stat'.! Treasurer.and.?.to ~he-:Dep•artmen1:. ot Finance of: the sta1~e 1Jf ca11::tom:ta, at • Sa<:rmi1ento, ca11:rorn1a ~ ••• ,, '< •• • • : . . X " ,Section ll •..... Thia .•. ~r1d:lnan~}e shall take etrect :t':-<a and ·. :. a1'1;~r,;':1ts, :P.aaa~e and app.N>val .. • .... · ~ '. . . .. ~ : ' .·, ··: .: •. 'lb~·'. ,aJ?Ove · a.Del torego•Lng ord.inanee was . dul7 an.d 'r•tpl&rlJ'' · int;rO:d®ed">·.&nd piuJaed at :an ad~lourned regul~tr meetin1& ot the ·. C()wle:tl~ ;~fA'.the c f1;;y ot Pa lo ilto J11eld on Xonda7, thti 26th da7 ot April:;; _:1948, lr:r the fo,lloWt?lg .v:o.te;: ·· .. . . : . '' ·~ "' , •• •• ' • ' ' J • ' • ' ' ,. . : ::: .~'' .. ·: AY.8$.: ': .... ·~-~~~i;~ .. ~:.}k~:Lander~ . sOwden, C~hE~l;,, F'rf!ted-.n,,: I~der, .... ,,:,: · •• > ~C!t'IJ;~;~;··;~~~n'!;rotiil .11 . Horten,. rll<)its,. ~5loua; ~iic-lcett. , . ... ••,' ... , r. !10~~)\,;_~ari·:~ /:·.' :· ;: ·,, ,. ·.,,· _.·:::,~, .. ·~.·~-·:·.-.: !;~···.;:.:,~. ,,'' ' ,· .~~ •' . '.·. ' :J.BSmrf:::i,~'J3ent~o~t~ ;, ~apar ,·:. Mitel:ie.l.l. • . . . . •. . ,,/ ·, '<' ·.· .··· i ··. J~Vl!D, ~~ .~~f:c:~~~-J~wz···· •·· .. ·17c~ - .:· i:~·:;'.wi:t.#~:~.·":~:dil; .. 'ty.;~:~e~~:::oit tb~ · c1:iJ-. oj~ Palo. -l\l1~o, nereby ,: .. · ,c~~~~:rrs:;~t · ?-e• ab'ove. s:rid to:r1ego~ng ol'(Limmce . van. paased by th~e·~ ···, ~~~;:':i~~=tg;;7 ;g!t! .. a:tgh~~;g~: :b~1i~i1!6~,..-;f1~~r~t~ 4~~i,~ · -><U ,~;,;: . ::}~.· .·... . . . ·. .·. . , . : .. '"~,.;. -~;·~:~i-, ~~ .. · ";;;:. - 1-1111·•-/lll, '\-;·::1-~ .... ·. ' ' - ·.. . ' . '·. ·. I ' ·l ~~r