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HomeMy WebLinkAboutORD 1178.1;: . :·. '. . ', ~2.-·. ' ,, •,' ·.· (. ··.;, ' , • • ·~ r -~ . , ~ .. • I '.•. . ' '~i;: " . ~ . . . :·· . ,c· ,, ',..'. ·' \·~:: .. . r,··· ' . . ~ . .' ... ',' ;;: . . · .. "" -',• :.!('~)< .... :;~. !,·· ... . ·' ~ ',· \ .. ) ...• " '. . 11 u ', .-' :·:' n . . ' .·.-'_ .. ·,· . '·, -: .. ':. ~ . ., '·. ..... · . ·, 1: .. ·· .. , ·::: >!: ... . ·, "•· . .: ... ·.I : ~ .. ( . ~L · ;: <. :•: : ;.St:~:!?. .;f!L !. !!. Q. ! ·:~· Q~ ~:z:a ··· , .. ... . . .. ,: · .;:~'.<.~·:r.L:;,:·:· . . . . . .. · , . . I . I. i. '." :::. ., . ' ;; ,~uojto*'!):_~:.•i~;,,, ISsUilCB: ~~-; :$555,00o.OC• ,mnfCiiPAl~ . ·. ·.,~ ·~--· a'\,15, . W;t'i-"rlllllV'. "o:o· 1.;.'0ll Tr.., . a:rmt\. "~C'l:':·la.A·T· T11tD.'l~.n.'tftPM'll"llfl'I : ':!·:~~·•·:_1· "-'~/",' ·1 ~:~llllilr·:-~'.:., ~i'··":.~~ .. •~·v ~.,l."IVtA• ~~~~·. -~~nv:~.an:a.·~1 • :, • ~'. O.P: .. l~!~ i:::· I:>BSCRIBDllJ .. :!!Df;.:.DAB .AID· l~ "OP· SA[]) . <BOQ .. OD QF'::m· ... ~ ~!fO,,B£\&.ftJ.CB:ID •ti!llJml.'0:1 \. · : ·nxDfG.:~:.~n .. JQlXDDtf'.:nm~>ar-: Dl'l'.IB.BST· 'OH '.SJUCI).'»e>imJ.;.: ·.-:OD• ,:PRIS~l~G.::f'li'S · .MlTURITIBS ':'9RIDF.t JtumOftIZ,JatG ~.): ' . ::-HmcmOJr· 0.P'.·UID-·OOMDS•AD·: COU'POD;i; :'.PftOVIDDrG '· . POl::Jm&·: '.LEVY ;'OP.·. A .·~· ~::: .. :PAY. TB.E:.PRilfCIPJ::Ir:;.oD <IJF~: . . '1'SRES7 '~~~~; .A.HD DJ..MC:'.I'~G XOTIQE OF .. SALB OP . :ao~ ·TO '·'D'll'1 ~·"l"UVU. . . .. .. . . ~ . . . ;": -~·~, .. :·~:,.~~.'l'.liltiD.'G •1 , .... -.... ·- ','c, . . . . . . : . ;'.~,:, · ,1\11 the requi1•em&nts o:f>. ·law:. have been. comp1lieili .lfi.th·j_Jl. ·.~:t~ng •. aJl'::l:.::hO:l<l1ng_ the ·upe~1al bor.1d eliict:.t.oi!l· he:ld· i:ri tbt · ... t~~.~y~· ;:;.t::~-o :Alto .. •:>tt :the. 22n·:f day: .o:r. June'"' 191'8~~ .at; ifbic::a. •l·e:cti•Dn. :.~~:::P~~git,:1Qi:t• t~;>-::1·•~. ·boll@·• ot ;the <:it:y·· ot•1;:Pa10:.A1to/.in'· t~e : · .. · p~c:1~· nm of ··~)55»\000~:00 for ·th11 objecta an1cl: 9u11>oae.s h•rdn·- .. :aft"e~_::~~~, vere,, :1~ubmittttd~ to . the · ;rotera oif. aatd C:t1;'7; I and;. the: C1.ty.:~'.~micil: o,;r aald.·C1ty,· d.1~l C:uJ.7. itnd r1eguO.ar1·r.ean1ruei tbe' . . .. i~tU:rna of aa.id · el•!i'!Ction. and:· d1d · u a. result of .sucill ·. can1.1aea: · · · .determirle ·:.and: ·.:d(tcl:a~:re~ . and do bereb~r:.· cert1tT:11···tb.at. ·:14\1(1 ~P•l)S!-· ::1t.i6ns·j. an,~ .·fµlch;·o~:.·th•6 received at; isaid spec1U biond elect:lon thtf.;af~1rmat~ve vo1~· .o.f' aore than 'bro-thirds of' all cl::t tbe vo:tera . V_~t:&IC::::.~~ .. ~4: P;L'"()J>:0.81t·1cme,. res;peC'tJ.:VelJ' ,·.·at sal;d t!tJ:ect10n:; ',arid. ·. ·ll'.'~?~ebz;_·cur1~~d.and adop.ted by; said elect1:on, ~ari'.ctthe 11usuance :o+:}&ll.:::Qr. a&icf:b~dB ·b7·•.8aid: Cit.j' WU duly autbOr1Zitd,:. . ', ... .. . ',,, ·:,'I:,_ ; . '.. 'I • II • -~ . :;;;>.:~~·'i'.,:~,~ :lfov.,, 'TJm:ftEFORE, the :Councj~l or· the C:S.~:r oi .'e.,10 A11\9 DO : ORDL~ u :tollowa::. , > · · , I, ... ' I \ ,' ; ~ _ ' , , • , • 1 1 , ~ , • '.,. \ .-, ·,. ·, ·,, ,' , • '· ' • ·' ' I' ' ' I 1: '· .: >.· -.: ..• ~ i: ... ,. :· .:;~ec;tlon_·l •. :a.'ha.~. all :acts,. conditions imd.· 1•h:!..n:g~·-·r'eqU1red 1>1' :law::t~o"·1e:111t,, hlp~rf Md .:to l>e pe~rtormed pret:ed&J::lt·.t.o; and in ·. tli~.: 1-t~~ ·.:or· asa1 ~ ::.bOn.d,a have ;41x:t..1~ted, . h&.ppen.a<I a:r.l.d?,hll-r•.e ·'been . ;, · .. P~;F.t>~td.;.:.$1}' :due ~i u ~. · f<Jm and· ·.l'lit\mli~r as reqai Nd · 'b7 'la:''°'; · and : · th,/:.g;~~~;::~f.'::'.Palo· :,~:!:o · 1a, Jl()lf, ,~uthori,zeci pursuant ·to 4fftch: and .. •· _. ;t!1!~·-.:~~~nt·; c~. ld: to inc~' illdebte.dneaa ·. :m tl:te 1aa:~er al'id ~~:·~':?~!':'~•. ~~.1nance: proVided: .. , . : . · · · · 1• • : ; ~ .. ·' .. ·, <::ti't.;~·:f': .. ~ti~n:·~:i•~:TM;t·. tbft. b<~nd:· ot the City'. ot E11J:·o ··llto .in· · t;t;e:;iatal~p~e:.:pr:1Jli::~1p&l m10111nt c>f -v555;:1>00~00,,.,.t;.o: be· ·11:n01m aa . ,. ~ .. /· fl·· u· ... ',;. :. . ',. ''·' I ' ·~ '. '•' . 9T.bet:;~~~.:~!·!~~),al;ct:J:~ito· Mwii·c:ipaJ~. Imp.~o-v .. 11t BOl~d'• o•t 119,~· . · sb:&ll. :~:i11-t1~•)'.~o . .y;.•q: · :J~he ;:coet ot t:a:..e aioqufa:ttioc,.: i cion:atno·~ion an<! ~OIJ,P.~~~~ciA::;~:,t;he .1~Q?ii~!J}a_l · impx~ov•enta :ot ·•aii'~ -~11fy· _..F· torth · in th•:::·~~o~~ing pJ;:o•o-_pos1t:tiona,, ,ttnd: e1leh ot thad · u ·:rollt:>Wa,· to W:!.t: . : .. ;·.< .. },)JU> .. :"H(:':':~~--·--.~::_:· .>· ''.··. ·.·~.':,~.-··'."I -.~ ... ' /,I::· ,' \_ .. ~ ' , .. : ...~~~ITIQX '.)1$)·. l. SJ~.ll .the CiJcy of Palo Alto ... ' ,,. ;. : ·::.:::/.·.:•,:: .... ·~ ;;; : ·. ..,~:ur. a boncl•td .iJldebte-11·ie.ea ... , :·: :··:.:i!C: ;[( ; : ,~ .<. ; . ·. · ·· Li :~he princ·.:tpal. ··uaowrt :·of · · · : ·, ':':·'·:l~!Rj~~oq/f9J~ the _:i~l1.j . .et &n:i ::1~urpoae ... tJ;f :acqui~i~ · · · : •. .c.':, :,~a~~~!~, «!13ld ~~J;etnig :t!ri•t: ·foll.ol(i.Dg.nun.icip.6 · ;, ~:::·~;;t-..i~eaent ~t-:;'&«) :•:t~·:::_; ., <addit.1.c1mr,.•and. •-....ror1taenta.· to:·: · _,_,, .. '\.•~,i.i~!,•'1"0 '"'•1'J "....,,:Ji .. ,•.•··,., I '• ~ ,1, · . .· ':~ '~•ri.~~.er ])4tl~ibu:t·1~xL s~atn; ojf. tbe . cu;;y:: '.i>t Palo A:tto, .· . . m~i)l(ti?sg>iftt•iw1on·.: 1)1~ water itiatnbuti.otf :~.aci.l.1t1e11,, . ·..• . ·.: )~.~P~;~~1LPf~·:;ill,~li;)/:~IPill& ~::ii1~11eJlt:.and ·~~~her' 11for.kl.sJ' .·. i~:~pe~J'::-:or atl~"tll:fl!~~·. ~·:~r or ~ren:Lent .ror .:ta­ .,, :, : !j~~t;·ithe ,•µlid.ctpil :'•ater:: a;v:s1~1m o'f the i'it-7 1CJt P:llo ~· ilVG't · .. '. . _ , . , · -. · . '. , ·~ \. : ' . : : • : ' •. :.~·," ~ + ,, ' • ' .t' ''. '• ;·. ___ · :<· ,, ... :· ':.'.' .. ,. , .. ' /_': ·~·~·, ' .. '. ' .. ~ •.,., '· "" '' ..,, J ., .. , ... I ~jt,f t~~~~~l:' "·' . ''.' ( . . . . '. ~ ·, ' .. I .' • , .~ • • ' • J • • : : <~ .' .. · ' ",,., ... ' . . . .\·, . : 'f l "~ ' /•·': ''. I , .. ' ·el' .' : .. · . , • , ,' ( I, ' • --. • • • ' 0 •• 1 :I•,, ,r 1,'' ',' .'.,, ·.···11111:·· . I . . . i .• ' .·' l I~ -. • • fl : . :\ ~ ~-. ·.._ . I I I I I. I '' . ' .. ·,,.,. ....... I , , I i '11' I I" •' ' . ' .:·.,·. ·.' ., '· •\ . .. ;' '' '. :1 . ' ,. '' ·.' ·:.. . . ··; -.'' ; : , ', ''... ~, , r. ' ' i,. ,', .. ·'" , ... .. 1, .. : ' ~'. .-·',.·.·, . : I . ,, . •,,. '.>::; '" . . . . . •• ' "\. l • c; ~ ~ .J.. " • • I .i I • I ··1 i ~.\ i i ! ,;'.' ,:,-··· I: ' : : . . ·;: i.t:/~: .. '. : . , . . I ·:. .... _ u . n u , I r I ' I l t . I . J . ! I l I l ! I t ! " r: ' ' 1 , ~·, ~ :· I t ~ . 1: ~ ' i ! l .i :1 i I I 1 ~ ! r !' I I i . I I ,, ··: ... · ,,,'~:<-· .. ~ ' . ' ~ _1 • .. :. '" .. : \' . . ' ' ',' I I 'I. ! ·, : :: ', -..',I I ~ ' "'' ·.~ ,. " I ~- "' I ' . ' , r ' \ • • ~ • ' ~ : '.._ .. . ' ' ~ . . ,,. t~ •. ... ·" .i .,, .•. i . · .. ,; "< • .' l' , ... , .:· . _,, '~ .. ... ( ' . " ·Ii ·U I . ' . ... i .... I I'• I '. '·, ) :· '. ': '. ·,/·r,., ,'j. UNITE.ti ST.ASS OF· .ADRICA STJ.!f!::. OF.· t~ALIPoull .. -~-,<)~::~:'.:~\~: :··~:-... . .. .. S~-~A·c~~·~®Xfi·.·. _" . . ... .. ·. ··-..··~tM1"5) :;.;,.;~,.,!OP: n:aTt'\ ,11Tr.r!"' llftftf.T~J••T . ~!Ile. 0~:~·...,.,,WPt.· o·."\' · 1oJJS :. !:,·2::' , .. :~ ~.~~~. Mb '~ • .:,~1V J'IUD.Ai..\it' ~~~~~=~-~"""' -:..--... &-- ' .'I 1•'' ";.: ,,. . i' $1,.000.: ----i----• , . . . . . . I . . j . . .· . '. ,._~: ,_·,s: CITY OP PA:LO. AL~·,!:'1. a murl1c1pal eorp;:>ration organ.:. .... · ;1~:~:.-~4'.;;:~~~t:~~-~ter',:~e-Co~a:~·,,~tut~~orl' an<f lave o~"~he. . ·.i · ·:··. St&t•<o.t-'J~~il.·!:f:c:>r:a.11~:, ... liereby aelal1C:firledgea. :tts•l.t··111debt:ttd .and . ! · . : ~ :: .. f:ory~~tl•\;~~;~~-~.::$1romiaserr to: ::~i\a:r· .. t<·,~~e be.arer on 1~he _.tat·; .: • ~J:;;.~lt~-;~t~r-,;;~9~~ OB T!IC!t\St•· •Cl~OOO) DOLL\RS-;, toge~w.t9' " W:ith ... ~t&r.eu.~;t'\::the~eor.t :at:. tb.e "~&tie: "'o:t":. '. :, · · · · . · • .. : ~ · · , : 1· .,( . ;~ ( ~; . ~~. ,(j.·: :_;:. :. ~-,'· .':f . '.)' :per cent" -pe:ri11' amit~tl~ un.~ j)&ymen£:: ·or ..:1~rr- :;~~!::;~ii.il~~Yii"'TtU1 _. payable s~m1:~11.m117· on the· ,,l~t ?7 or: • 1~~;, .• and::'"tbilr-·l•t day cit Kovembe_r or eac.h year.. SUch 'interest, ; • .· pr~p.r :.:t.o: •~tur1ty-).. shall be payab.:le o?lu~ · 1:ln preaenta:tion. a.nd 1 : :~:er c>t the. prop1e:-int-ereat k~oupc111ta ·bereto-attaeb~ aa · ·th•!tY 1'·r•~'~"•J~J!: beo·oma.·: d:ue~ · · BOth·: tbi~· p~.:i.nleipal' or and 1ntereat a:i ;.:~th:fj~~:;1L.re, ~ble. 1n1 lawtul mi:)ney· ot the United :States of : '.~~_(!a\.&~: .::tha,_otf::tC,e· _o:r the Treai1~urer of the City of· Pal.o Al~)~ ~; ~~,~O.,r;.~1~.o:,..-·,~i.~c~~na,~, ~1 1 '.. ', c: 1 ~I, ; '" 1 • ':{<\:::::~,·:~~'~'. ::. ::. • ~~'. -.~· ' '• • _::,,' ' "? ' "., ' •' 1 ', • • ,. ~ . . · )1\/;"·,;:~;~!i.f·a.· bcil~ 1$ ·~ma of -a d\Uy:aµthor1:•4 1e11ue-of bon•ia 1 ! ~t."~~:~~~~fy.~~s~tirig . :rive· .~~!id ;:P:f:tty~r1ve . t:how~~d .. . · .(55~:~~) ··._clollara;. in principal .. amo~~t ~ ... all. ot 11.k~i-tenc>r · and· 7/d&~:.:(8;t~•1t~".,:t:or :aia(ih vanat1ona1 if~ ao,y; .aa •7 .be H<~d t·1ill· : ;:~,~ .. ~~~~~Ilg, .~µm~ra~ llfl'.tur~tie:~. o:i:-._ ~tenet .ratear~and 1-.1~: : .· .. ;'. ;~~~~~r~ ~(i~·pur.~nw:i'.t to· ~he:con.a:t11~,1tfon aµid_ atatut;ea c>.t i · ·. ;:::t~e~--~~-: <•t .. · .@~to~~a~ a:p~f .under and .Pl~t ~c1 .~~ ordi:oan~:~a ... ·_'.:.;~~).~::~~~·P~J:~1d .c:t.ty-· ~-a~op·t•~r:.·~d twn/~d .a.vote:,:; . · ·~g;;ai~at .:,~'. .. ~re, .:th.an two .:.thirds o.t. ,al.J~ the ~ua.J.itt«itd 1alectol\~ . ot·:"·~tf1:c1~17. Toting at a special ele1~_t,1ox1 dul.Ji called· and held i ; tor>tltietr:pttl"Poise:·: ·.· · · · · .. . · .. · · · 1 • : ' : .. ~~~\t;~1~: .. J(_·:.J .. _.-. \.;. ·" ~1 •· -· .·, '· • · : . •. . . . •·;, · i' . ' :,' . " I ;:·~ • J ' : .. ,: :_:· :: :.r;,! .. , ••. l~.1:fa ·here'b;r e.rt-1t1•d.1: r•c:.t:.t;ed, ·and i:lecln.redi that -al.:L . · .. a~t3~'.'.,"cc•lt~~,:·ai'ld. ,·th~· ~~r~ ·:'b:r J'.aw,. to:t:U!ut:~ "tiipi>en:" · · .· ea~t~l~bi{~'.Ji~':fol'ilid.~J~:r~~fl11t .. ~o : aue:r.1.111 . t;h~ •. :t.sau&nic~• · c.1~:r _this· . l)ODd:;;.::~~':ldS(t.i,. ~ha·~~ and. 'been :P•trto1'aei:t 11i .due '.tiae~ . · · : · io~1~~:~~•~ta~.:,~;~*-:b:r ·14'•, ani:!'.tha.t:the &moUit·ot:r-_tb11! . ~~: .. ~.7~;~ 111:1:t:h~ aLl · ·oth.@r .. ~d~btedltie•.•. or .811.d : Cj'~t:y; . dioe]s· ·. 1 : . . ziot:'.~:~;:_~7. lbl:it· JPrisc~'b94.· b7. tbe··.·cemat'.itutJ;~n:. c>:r'. atat·utri: of:;:;A'ff":~[t~:; . and ~tJ'.lUt.1;' provi•ton· baa '.bffli M(lft ·as ~rnqUf·red ib7 '\ . tJb.g;-:;_~s.t::t:~:ut\:ton and · ;!t1:a:tutea ot aaid. :state ·tor th&: <~~o·llectilon :1 1 0Je<b~~~l1 .ta,x.:nt:t:tc.'1•t tO: pay the principal.. of 1 and! hltiereat o~f.·:_.,(t*a '.·~fii~ gc:th~::; ~~ becoa du~.· /!'he_ fUll .fa:ltb :and· c~ed~t '. I, '. ': / ', ',' ,' ~\,· .: 1"< ' , ; , ; , ' . '; /', 1 _ ' I '~?~ J ':·•', ro.; • ' ·,)' > :, ,,··. ". •, '. -.~ ~_: '~ , '. ., .. , .. ..· .,, . ' .'' . '·I ,·.-,. . . ., . I I . ·- i~ . ' .. \, , . r ... ' .. · ... r '.:· ,, f' j' I ,;:: " . ' '. ~ '. . , .. ',-: _. ·I.·,,'~ 1 .. · ' i . . . . • ·1 .••• ' '·~ -,' '', ,:: .. '( "· .·,· ... . I, ! : I ;'.' .i . '··' . 1·· ' ., . : '• ·~~ ', :·;: .. _, • '·, :,: ' <'· .' ~ ', __ ·:>~· .. '· ". "' '1:· ·:, "\:''I ' ' ~: '' I ' " ; .. (i~ SJtt(f -Ci:ty·~~}~..:._bi _pl•~dged· l'~or. the pun<~tual ~t Gr ', '.,;·!:· •', :;:. I ..• ·. '<t ::.,,.· '; ,' ,. '· c\ t . ' ~: I ··· "• .. : ; .. ". -.. -. . ~ . ' . l "i "f '", .,:,-::;vj ' . . ~ \ : : ~ • · ...... ~ . ·I ... I. .. ~ . ~ ·., . t• ' -::·.· ... ·' ~:·· i ,J .. , . ' " ~ . : ~ t '•, : . ;,! "::·.-: .'. 1 'i "· ) ' . I . :·; .. '· i :· < ' 'i·,,'. . ; .-.• :,-~. '· ' I ' ' .~ ~ • ' ,.: .. , ,···; /the :1i:rin~ip;a. ;~4l/i:nt'erest "'°t thi'a ~nd: .. : . · · · .'!'" .. ,,' . ', 1 ',: -~~'.':·:·;.·· \_:;'J\:.i .. ·:,.);-'."" ,.·: • '', ' •• '. ~ · • , '· \\:·.··,:··,: ,,',1'.· ". ·~·~·:·,·:.·:~-: •II'· • J> • : .. ·, : ., .;,:.·:,:/I'!'.:.VE.'J!IKSS WlllllSC•l?, .the' .. CitJ' :Ot'.ftll.o '1ll:to bae. cau;rted · .· .. ~;;bi•:~ ttoid .::ta~?W:~t%ecuted 1-'iuu1er 1 tt:i · oox'poriti:~ ·•ell. .t a~gne<t·: bJ' · . · ·lta:· .. 11Q;'or:<:&hd:'1~n:. Treaaur.e1~;::· and ·eounten:.i~ied. ... ·oy: 1 ta:::cler:k., · .: ,· :,amdJla.a>'::~~-tlt.e, in:1;:e~at;, •:':'.aapona ·at.tache1:l .. hereto ... ~o: '.be-·~&:t.gc.ed ,· .)>J:, 1.t~''.:;~e&jl~r~~>.&n~t::·t~:I ;.l:>~~nd .. ~O. be.· dated: tbe, lat J1tij''.; of~,: ... · '· .. ..... irovefa .. b ·•: r ,>:· 1~, · ... · :~~·.: '· · · · ,. ... · · · .'. · .. ,,· . · ·· · ·· ... , · · .. ,, .. , · ·· ....... .'.::· ... :•· ... '-II> ; :~. : : ,1' ·::· , .. '-~· 7 ; :;.. · .. ,; .. ' C. ''7 ' •I. oupon no. ·' .. ~.. . _ ...... _ .... ....,. .;, '1' '·' .·-I ,,,.,. " . ·.··, ',_· ( '·; : · ... _,... . '• " ' ' . '·, ·1.: . .. . .· .. ·".s•ct'ion ... : .. 5~ ,:'·The :Mayor or the c1ty or P.alo Alto":' .. ~d ·the .· ·'. Trea1~µrer.·:9¢°/:A1d !~1t7. are. ber:eby author1zf4. and d1rect:ed, .. · · . HSJH~tive:}7;:.'•a ;5:L1.cht.o.fti:c~a·; to· e:1:ecut~ .ea.eh" ot·_sJ,id ~A.Cl8. .. :On .btm.all': ... ot' :aa:fd. iC:ttj:, ·~d 'tha ~1ty: Clerk, or :one or more~~~,.r·: :her ~!-«Wuti.Q; ;;tj.')lereb7 ~1i:tbor1zed :aJo.d~ .. dtr&cted to counter.;;'·•'.· ... ·~:Sil'::·~a\ch:;ot :•ai4"':.:bpnda ·.:and .to atf1x1 tli«• ·corporate ~~l ot~"naf4 ; · .. . ~:c~~y" :.:t.1\:ere~o:~ . $&!1d :xayoi-· ,a1ld · ~~wr~r · &rif ·h4"~b7 .. e;alf!h, : .. r.~u.p.ee:1;1ve1y ~ · ·. ,a'1~h~z9d." t~ '.c&Wlie· ·•-14·. :bcu1da· to. ~e: a1p.ed:. b71\:their: · prin~e;<t;· lltho-i , • • , • ~. 1 " • ' •• ' ' ' • ~ J , "' • , " • • • • , I 1 , , • ' ' < \ • ~ • • • ,.,.,-.., " I ~ .. · .... : er&p~;;:or, -~~-!~, f8*a!Jt1'.le .,aipt11rea~ Said'(; ?rea:.a~r: ~:8 .he%:'e1t>y · .:au,th<>rised': and;; ·dtri~ted» to isign eaeh: ot ·the int'«ti'eat'\coupoD;U •. 4titl:ier . b7. h."til::·::;\.~:.ba#d ·ori bj-p1!tnt4'C. .• 11th0graplled or _.ltngrave<t tus•le " .:~ ~•~p~j:~,';~cb:'.aigning/:1e~:nmtera.tping and:scil!t11.Dg:·aa he~~~ ...... · ; . . ;pro~Lde:d s,t.Mall;· be .:•a. 8Ut't,1c:1ent and. binding execution. ot ~ct bondJ! · · -~d ·(~o~~·:~bz ij;!J~ 'C1tt1 ,:~11d all au.ch· a1sna:tw;8'1a. and coun~er-. ! ... ·~:,:::,:~~•P:tl~'' ·i;b,a,t.J>t' the· c1t:r ~l'erk· 02~: her deputies, mq'.: be.: PJ+'ilitid ::J1i~cfiraphedjcir1" eD6M:VOCl.. Dl can ... :aq' o:r·· Slich<otnc·en ., . I~ ,. •F '.. \.• -.I..~ ' h". •·r,'. • ' , .. ~"· .-' -'' • ' ' ; · · :, ' . ," ' ,'I'd•· I , \1 "il""•'>(<j . •hoAA':' ~~t:na~;.! o:~~ c_oU11~.~1.~1g;na~1Ire~--ap~ .on ;the. ~· Ol~ cou:-: · ·:P<m•Faba1l1 :.ceue<·:t;od>e:· su~1l :;ott1eer' betore ··tbe delivery Of ··aruch: ,, .. ~/.t .. O:i·th•~;:purc~r/ .aµ.dti:· a:tP,ture: er· counte1~ign&ture :.sh&ll .. neve3i'th•1.as::·~:. ,;ril'.i.d and :itu.r~ictent ·1'cr all P:Ul"J'~~--<the, ~me.· &I thottth);tbeJ::had:.:~ried' iii .,,rtice .unt11··t:ne d:el~lvery' of.'tbt~':~nc.1.a. '• :.-' 'I ~ "~~\:•.:•' ,/':':: "."•·,I , i ,• •, I • • ,:I'':, ' ,• ','•,>\ .. :c ',: .~: •,., •., ·' J ''·,j • ,';(:. \• 0 ' ,: j''. "'•I, ! ,,.,/'', ."t,1.1<. ·' .' " -',< : ! ·'.· ' ...... .... . , .. .: :~ . ,·1 1 . { .. i ' 0 ' ' I ;J J~ ' • \ • f :· : ' -d~~'.zj~.~1~ti~;::'.; :[t! ': ... :~: . ' ~ :· • '1' : ~. ' ' • • ~ .' ;; : ' ~ ,. ,· '; ,· .... , 1,·:1. ~).,'~ ·• ,···.'~~~r~,' :_.···~:·'• -: ! • .. ; ,, .. "\ ,·,,.. '~ . ' . ·"' D I· .• ! i " I l ·:1 l j.. ) . .! i ! ., ' i ~ i i" I I ,·, I , . . , .. , !'1. I i I :;,I i' I ,• ": .. ",. " ' . '. . , . ·; ·:: ,: .. ", .. · : .. :'; . f.:. ~" . '. . ~ .: . ·_..;,; ,-: ~ 'i, '·,. : . •.: ·:. ','' ,:.·" . if . . ;·. . i :: ':.:', ' .. :i: . !," ·:. ·' .. ,,,·.':;··'; "I. ,,. . .' . , ··· ... · .i .. ~ ··:l· ·~ . ~ .' .. '._,·I• ''· !'• ', '. ~ ~ ' . , '. ,, ·, '"' . ' ·:,·' •, I'' .. . . .. ' ' . ' ~ : . I'• ,' ). ' I .. -. , ~ •,""'' ,' , . < :: ·~'·, ' "'.·. ··--. ~ .. • .,,, I :::: _ c' .•' ~•I, ,' ;;;~ • •.•. ,.1 i : ' ·,' '. ' , ~ : · , ',1. ~ ., ·. . · : ' i:\ · .• ·• .. ·•··· .. .8e1et:i:on 6:.. Por the pi;1trpoee c~t paying the princi~ o~ . • ·:1 ·.::~.m4\,!Jlt:.reat•·on/iafd '.t'°nds,,· the<'tei;ty ec~unc11 .. or th& c1t7 o.r Palo ·· .. <~~~llt~,··-~1})a:~·fthti tuke· of·. t:ixilig ·the .1:eii~n1,· t.~ lfrt'J' and: .m·:the . riCUIQf.'f'()Jf\SlXcll ;pJ:lera;l, tax 18VJ': providted'i, leV7 and COll8e,t . · .. · .. : '.~'···il#t~~J'. ·''.e&'c;~." y~~:':unt'.l~l · said··. ~d?· ·· &U"tl: ·P.'·~d,,· or; :unti;~ ~ t~ · . : $~11'.ii<h'"~· ·S:· ill •.thEf 'triaa\U':f: o:t said .Ci#;f •e.t apart'. .~o~ that · .. ~~~4fi;:·i;~t~~ ·· ·u1.: .. ilt2u . coming· dUli .to?• ~'ineipa.1 ·~·. in,t~:Nat .>. on: !U~l:li'• ¥~•~. a ;.tax ·.Bu1tf'.ic1e~t to pay .the annual 1nteJ:-eat on :;· ·sue~. jb0ft(l8~gs·· th6:."e1a19 :becomes due,, and: .alao· ·auch part ot:the :. :~fpil:'.':'tnre'ot Q;_.~!b&ll 'becoiee":d.ue"b:ercre the proCffda ot a . . , ' ~ ,•" M·· /"' •·" ', '• ,.·, 'i. • •. '.-"'. ·•' ··, :1 r • , ' , • ·, ' •, 1 ' ' ·.I ·• , • " • .l'"l · -·-' . t~,·':;l~~~a1; ~h•~tt~~~ for' maJd·ng t.b~: ··~;e~ g~~A:l i;ax.,· l~ can. be;'~!~: ava!:lablec·'to~':'the> pqment · ot. m:i:cb: prineip&l ... ·· ·' 8aid tax · • ·.; "~ '· ,. •hil;i:(~r·; .. 1D· ;&d1d:l·t'1.QD:~:.~;cl~·.~,ai1 O.t11er, .. tU811 "1ertea":tor laUluCi)>al: , · . J)mfjo.9ea i · :md · shia-11:··~: :colloeteci .. at thtr aa..: ·· tiliie · ai1d iii tll• . " · .• I ( ~•m','~~ '.&• e~her :llmrlcipal,~tuea are· eolleetett;: and be Ued ' . ,r.:or:,;~'.'Otbfl~ purp·oa,.-:·1:tiari· the<pa111ent· <J1t aa:td;'bonda and &ceniDs: ·':tn~.t,'{><Sifd, ·tax98 as''collected:'aball.:·be'to~witb·'J)Ud· !Dto .. : ' c.' ···th9:'i1Nftd"'·tor'whien''th~!··:Hlle·were· lriied:'antf:eollectett am"wbich ' -~~~:'.b~:.:d8~1gnated· .. ~~9148·::Mun1c1pal ·-r~velient Bond-,·P&Ui4·.·,~ ·and . . a11,,:.:--. ·to become dut1:.:tor: .the p~1nc1pa.l ·-·~·and interest on aa1d • · . :1)~\tlb&ll•be·p·a1d·tl·iO.·:aucb tund .. : 'ftlere a~ll·l1Drieo:be 1 .fdi~a!t.,dNill said f'wi~:· mv::JROneys re~~1ved on· accon.nt''ot ·interest~ (~¢~.:·~'-aid· 1'ond8 ~ · tr~_)•.hei:co ~t'.e to the d&~e or delive17 I .and .. aci;fttal p&Jaent or t:he"purebaae pl'1ce thereof'~ ··~:.::t ' ·: •" '•,;":"~ ~~; ··' •·', • ' ' (I'· ' >.'' •.. ''I'• • , '~: p , \ . : .· . . • (,;::;:::.(;" ''.' ·.:':,Section 7 •. !here are: hereby created and eatabl1shed. •· · t_pU:r 'tlmd¢ which shall. be kept by the Trea.SUl"er ot sa1cl Ci t7., · · il'J.to whicb{ ah&ll be dep1os:1.ted t-he proce6d8 ot· tJ~e aale of the. ·. , bonds u· ro11cwa: · · · . . . ... ' ~ :: .: . ' .• . . . : : . .:: . .· . . : .. r.:· ::.<:::(al :•1948 water. Diatil'.1bti't'.1;o:n System·construct~1.on Pund•, oi:· ih.l:ch .·ti,;·record. ahal~t be:·Js.:ept' o1"<t:he .. cttaburaementa:•,·ot the proc~s·· ·'Ot'; ~he· sale of: $1'.70, 000 .oo ;pr1oc1pa.l &Jiount. p1~ said . ; Mlmie!fp;il::~:lliproveaent £.:Onds . ot "l9Jt$: :(ether·.· than , acerneci iri.tereat ,r•c·e1~•~·o~·~the: sale· 01~ aaid ... bond&),. and such proe,eed.11 shall be app.li:i<f:•:aol'ely: to:: the' p~urpoaes and object&: ap~itied ill. Propc~•i­ : t:ton lfo~~. l;, .~· eet.• torth in See~io:n 2 of tbia o~.ance.; and,,. ' i .·. . :,_ .~ ,. . '.,·/~(':?''·"· :'··~:< ·;. ,· ... ·.:~:'··~.' ''·~\:·,,.·.-. .::..:';:'°'·. ... ' · .. · ' -,· : :: : · · . f>:·:~}.: .,.: fb)·:~19~1 ::Gatf Diatribut:ton SyS:tem Cotistructic>n Pund~,, : . ..l~J:::;:·:trlfl:.i:lf .. :a.~;~ord ·~ah&ll:' 'be kept ot. the. 1tli•burHlllenta · 01~ the. i .::::~~f~··iitb:9:n1e::ot·{$8Q;ooo~oo·pr1Qc1p&J. ·amount of said .. ! I .• i . ]···. ':.: ·· . ·: . ·~c~il-:;lii)rovemerJt :Bonda ot 19~9 · ·( <'t:lier· thali · accraed 1nter·'e1at <: ri.Oii:vedX?;(.n(;:the: · :aa.14{ er aaid·,:bonds),, anti such proceeds : shall. ~be , :~¥,.<~;c'.80~19'17 to: :the: ;purposes and. obj&~ts apecitied ·UL Propo1ii·­ t1~~<Ko::.o >:;2.;;: ··set ·rortl'1 in Section 2 · .. ·ot t.bis ordinance. :-," (• ''\::::·:/\'.·-·::,I•"<':'~ ... ·.. • '1~,··: .·,.' ;, ',, '~,, ,' :: ' ·: ",', .''. • '.' . . ::., ;>< , } : . '·{cl "19.~:: ]::l!~~tric D1str:lbut11on System CQ!Ultz12ct:1on .. · :~1\.~:~~:·wb±@;~ia.c .. reeO.td ahall. be .ltept ~ot. the di.aburaextents. or ;: :th•'.:'.pr,oc"1ia;' of' the sale or $250,()CIO~oo prm~ipal amount or : ·aa4~·::~~~~~· ·lJaijrove~.~ent .. BQnds'ot~.l94;B~ .. (other thari ac:crued .. · : ~r.ftsj;,~i ... fVed> on t:n:e u:&le ot n1d bonda},, and such ·proceeds ; .~a:.~'Se";a)ppl:s;~· 8o'lel:~· to. the ·purj)osea and ob'Jects. spec:lti~ed 1.U· ·;p-~j:)oS,~tio~fVo. · 3,, ut t:orth in Section 2 o.t: th.is ord1zl:ance~ .. ~ !·, '~ .. -' .. >.·, '·, ~/·· '• ·,·::, -.'.·,~ ',' ,' I l'I ,· ·:,.;, '• '>, ,' .. :; I •, • ' :: " ' ; . · !~ · ':: :.::~:}: u:-:: ·:: (;d) .. • 19·~ :.•Coi:~ati~cti.on lfwld lio·r W;!lrehouse Jfo. 2", ·by . :i :Wbi~h;'.::8:)rtil~ .. 8Bll biEf k~apt or the d1a1btirSem.ents 01f tbe proeeecls i .::.octt-t.Hf;2•.X•\:of: $5~~:0C.id ~.oo. prme:1pal amoimt, of Hid Mmll.c1pal •:· 'Illpi;.ojeunt'::~::':i>t. l9i:48· .( othe:r than a1:lc~d interest rece:ivedi : ·. · . i: ~~~~:~e'.;·();.t.')i&:1ctfb101~~ids)r,,.:· ._and.such p:~oeeeds sl:Ja.11 be applied! .. ·' · · ::: .~e17<to~.:the: :purpo&el!I,:, and · ob.jecte ·. spec:tf'ied in: Propoz1.t1on llo .. : 5, ; a6:t: :t:ortli'· h Seeti~n ~· . of this ()rdf:n.anc~e.. . ' ,','.·. I . ;! '-'.!; -' . ' I J I ' ·, 0 • ' • ' ' ,•: ' ' ' < ' ': ~: '. • ·., fl \ "'.J,' ~: 1 .'.; .;, .,. ,• '· .. ; . ·" . ·. : ; .· ·, .. ' I ~ • .. . Ill ..... :'. I ~ , , • ·,., ! . I'::,, . , . . . ~ . ' , '~ ''. ':. :, :;-' : . '~ ~ .. . . ' ' ' '. ,: ' ·,,.' ' .... . . . ' .. , . ' .. ,·. ,.-c,'.: . ,, .:~.· ' · .. ' , · ' :; I :;:: ..... ~.: • >: .. /, ..... '.:'. . >>. i .• ;_ :. . : . . . .• :· ·.· : , . . , <. :. . . . ·• . · :: . :: .· .·.1., .::.·::~:-~ellii~: re:c,eive~ci. upon·: the;·· a.al• ci:~:: thef l:\oftd•\.'~· 1Jaid..:.jfeaue .·. •:~1 .. ~i:.~~~~~~·t(~· :re&pe(e;t.)1v•~,-.aea~.1b:*d e.~e -~~ . a;!~~i~~.::\,•i;,: .. :~:~:;;;:t · .. cT. aJld: d . or. t~a. !~ti.on :7, .in:: tba ... P~ · .. ~!ort:liont ;;~~:\~~,!~~-·to .. Jbe. pl~ed .in aue~1: ttmd1 r.esp~:t~1reli,, : :: ~:tt~': .. o .... ~~·1;~~~,:::~t o~·. ~he. ·'bon4;as. .au.thor'.1ze<i tor-·. t}ae;.~~~.:~. ~1. , ·. ~()8es1::.~e~:·j.t~~-: :~~;:~<;>a1t1on.8 .Jio· •. l;,; :2,. 3 and 5~ ~~1ilbe,t'O~j: ·· ' ~~pt~p~~d. J ::::, :·<: ·~(".::·,_/ . '' ' I ':" ', . , • : . . · :-:;~ ... ~,-~~-~;t~·.::#~ \~· .. P1·t;r ci~.~k. ia··.tt~t~ ~o ~me.'-~::~t~-~ ~ ·c,.:tent ~.~t .. :l>;~.· ~d~: i~d ~on3 .. ot •UitUtl.• qua.µ.~T:·.t"O:.·n·: ,. lit~JP~~!P~:~<;~~t~:.:g~;~:!~lnve~, and .,to c~H-the ,blank i~P!M• .. therer.>t:',J~~) l*'i:.Wled0·.~:~~o.'.i~1::apl;r -~~th the prov1a1ona, h~>t:,J:'.: and t:o ~bo~ :·~~ft~eC:~~;·;b;y.· the "~per otficera, and to:.~~~i.~r' ~ I"' .• tbem'. :~~ •e:-:,.~,~~, · .t;o .. ~ltl~t .. Treasurer or a1;1d _c1t71 ~~;aw4;li~ ... ,. ·, . •:at'•l:r:. k".'J><l~~,~--; ,'Q,11'.tiil. ,the7. sb&ll ·~ sold. by the aai~ .(:1~7-. _,:·, : ,_,. . c:oll'no1l."'.'. ~~~~An. :be ah.&ll: d•l.iver' them t"O--tbe: ftn'l'IChaaex• or ...... 11 . :i~:arcbiui~(:'.tlii~ .:0n··r.cei't ot tlle pU:rChl.e1e:· prtce. -·· s1i4;:JI. pr~: Treum~.:::&iii1:;C£~·: Clerk.· .n· ·,·~her· authonz1ed. utd :·d.ti'eet$d.'::.:,·~, : make':'':• ~~)~'Aleli'.ver t~:; the. tirch&ser·o:r, ~.-bt,~Cia &:a1 · ·····;. ': · :.• · tvet·•md'.: .®;1~~jr ·atton cert:u·1cat! .. iii the torJ:a uU&lli·: re· ii~~' ~ . · ·.1:P~c~.i~-~:,·,:c:t'.l~;.<¥!~a1 ;001:u~• . ~•er.:tJ.17; ... cert;L:f71?g,. .ti~,· t4~·:'.~~-.· · ~~·s:~~Uid :'.:duft·:~~~'i#ti;On,,:ot -sa:td . bonds. and ~.l::ler .. : eert;f~nc.~:P<>: &+l: .. •· ~~e~a::~~-~. ~~;;''<':k':owledg~.~lative .. to .tmY .l1t~tton;'."~9h. ~ : : · .. a-~ .~th~.· a~~~·.• .-:rd· City :t ·said. oft1cers or. sa:td bonds :t ·:and·• Hid. Tre~n!er. ::La ·;~~. -.Uth:Qri~s•d. and directed. 1:0, make,, execute ·and , del:!y~~:.-:to,: tbei' purcb&aer .of' n&id. bonds a .. Treasurer'• ·:rece:Lpt :Ln:-:. 1 . /" the':,~<~ftiL.#8-~~1;{;~~::~Y piirc;h&ae~ of_,mwlicipal .bO~~<;:. ·::·~:.1 . , : ev:f\\ene~, thei:-P81'1l8nt o.f. thEt··purchaat price <>f .a1d>b0nda,,. whi~h : rece.11>:t:: shall, ~:,'.·conclusive .t:~v1dence that aaicl pureh&a~ price ... ·. hu;:~f~~f~~;~::'.~iJ2ae· been :z~~e1ved by aldd C:J.t;y~. J.n7.~~uer or sul~equent::taker or. holder1 .ot. said bonds 1.t heNbJ\:&nth>or:ised_ . . to:· reJ(;f :~ ~~:'.:' ~1.: be, Jtta·t~tied ·in relp.ng_ upon; AnY' audi.~·, .. ··:: , .. ·,s~1:ure~ .. mid ,;zio'.r'11;'t:1g&t1on c:ert:1ticate 9r,. Trea•urer-•a recei.p:t~ ·•1th :rupe,cfti: tO,;: iait,f bonds execut<~-d piurauUit to -tha: authority o:r.: tl:d.a: ' .. :· o~~c:;"~~/ .<,~'.';·;_;' .. :\:~ :. : v ·. . . > .'. ... · ... · · . :·:: ; :· · . · . · · · : ; Se.c·t:t:on · 9·". ·: All or said bonds slmll be o1'tered tor publlci sa:te ''.t:!lf:·:~~···:C:t~l-·:~:q~**~~ ot -~.~ :Ci,'GY.· o~ P&lo ~lto on t]le llth day: -or OetrP;\ler,; .,.:l~~ ,.;-~4. -t~ _C.11!.Y Cle~lc is :1l•r.eb7. authorrized .and\,, . , .: • directled,,.,to> caua•:.not:tee ·ot' t:11e. ·aa1s of· .• sa.id bonda to be pu.l>lj.ahecl :()nce.:"in: the.~ .!al(f-.ll~~ 'T:tiues;t 1! daily nevap;i;J)el9~ publ:fshed ·iii tliLi.' .·: · C.i~(·Oi.t,\F;.loi·~~o.'i:-"and.. ·such ~i)Otice: shall be au1batan#i&lly, in t~ .• . ~o~~~~~~.:~orm; ~~·:_~t~ · · .... ' . '.i: ' . :, .:.· ·:.; : ; , ... ; ' " ,: ; ' OFFICLlL JfOTICJE: OF SAIJi ;_' i. . • . ·, ~,'~.: .• ,, : . , , ~ ....... ...., ..... A_ ...... ........, .............................. ,..... ......... ' ' ~· • • •• , ... ,.. ' ~¥, ... :,'. '.',:,, ' ~. ' ' •• ~. :. •• "\ ' ., ' ' •• ' /·;cm.'011~ ·~ aro M111tic:rP.lL ·D1Paovma:Jr.r JBORDS oF ·.1~ r\ _,_ FRI-m• 'J AU4 N .. 1 ~ • I~ ' ,;• 1 • .,.,., 1~ ,......._:,:.":~·: ::.'~~.~·:,:• 'r , •:: :· ,, . ._ 11.,,, -"' .• :':• .1,'u";', · · :: , .. · .. :::; ..... xoncz·:J:S:: HERDY •. :Gmm. that. ·sealed ;-}ll!'OPoSala will be : .·· .. rec8'1i94."jbj/~:;:·Cf:tf. coac:Ll ()f tbe ·C:!ty ot Pa.lo Alto,. ·:sta~ .. c·ci'.f ; . . ajlto~f.it~;'.the{ ottt~e'·~:f'.,~ht\. Cit.i.-Cle~k thj!re~:r,, in .. th•· C1.t7. H&_~1 ·· ~-~' ~c!·~; ~;t~~: ~ on , ... ;; .' . . . . , . . . . . ·.' . " , ' . .'; :.. . . ' 110!12.,~!;r. OC'l'O~ llJ~~t.~ .. c,' ·'·"<,:·., .~~:~.;;. . .,>·~ .. I;•~, .. ··.,·' .';J::'.:.-.>.; ·, ', :.'.:;,, ·:' ·:·~ ,: , ~: ,·:. 1 c • ' ' >:':. "1° '" • ~·::-:; at··the·:~ ot· . .,.·-::»iO ~· •· . ,,,,.. :....· .~,,..-"'"'""·e·· 0 -r.·•rc:5 ~ ·oo· · p--:.....c·-n .. l · .. · ;. .. ;"'.:: .',• ·:,~· ! ,,.,'.. ";, ];~:..;.•:'_ <~ . .,~~ ': ..i.~ •#UV ~ttr:'•"'Hll>"" '. -···•?;.I ,vvv • · . .i.-~~'."'".r-, · ~tizof:·;~~'/91'.?.qi<l·~;C1'tiJ:· tiestgnated !The C:l~ o:t 'Pal.o;,JA!t<i:.:: · .' :. · Jtcildc~~~a\1 ~.~l!Pi!aen;;: -~ · ol~ 194811.,. more par1c!cul&rl7 :ttea~~: ~-~·f<>l:E.~:~~':,')<< :.. , ·. ·· ·· . .. . . . ..,.,:.··· .i,I '··. I, ! , I . ' ' J ,, 'I '• ',·, "'. • I . , , I I ~ ., ' . . : ' ' l J ! ' ~ •• ·' ' .,, a 0 ,,/' I •I ·.' .... : .· . . ' ·~~' • ' .. j ~ ' . ' ~ .. f i u ' ' V • I I i ,, '· \.: ..... .~I• • I ' .... · -· . ' I, ... ,·· ·11, , ~:" · .. · '.; :.:.·._.':. t555~oo~• .. c0na1atmg. or s~o~/bond& of: 'the .:-.'.-,~~:,~YL-.: ,,,· .. >:.:~~ ,\:;~~:1'.:tw~t1on ~ot .. $1,,0Qe -•~~:h~:~nlitlbered l ,t;o:.:555:~· :;:tnC1.ua1ve.t< all:, dated Boveaberr·:t;. <'19'8~·,,;: . ·. .. i '.> ~t-·:.:'·<·/ ·:.~·:/ ... \~:./,~:-.~·.':~~7·'.,:;·. ·~ _,:.,., .~-~· ,·· ', ·" '' :.''. ;.>;'. l ••• \,',, • ,':·-· :., ""·'~·.·'. • .i,~ .. ···., ~ .l:"ftllllT:;~ltA!lb;Jll.id;Jnuul· f:ive'.:(5) per cat: ... per .:.ml; .. pQ&l)le ~: i:Li,~N:.=:·; ... :. -~;~L\l&ll7'.:on.:t1a1' 1·a~1'.ad,a .... r:.,1.:t lll~ : "· -;:·'·,;·'.· .·;~:: ·:'\::: '· ,,,. ·) . .a:ch :y,ea~;:· .#11*:£1rilt· ~o111ten<.on :•ci-.t::·:bolid;bej~ · ·. ·· . ; ':ns-'.h'.'I,..._;,.::--;M:ay ·1_...,;.. ' l9'kl6 .... -. -'.i;}D~ A.AA.-'.'. _.n: ... ~~1 ,:-.....i.:.C .,,,..,.'. -t~""-·• . ..,. .... : .,, ,-. ,.'f".,~~~~.:::~~'·tftl6t1,·1 ··~,. '1r7•: ,··.~'-'"""~·---... ._..~!;It; ·"'!r~""!".~.# (' ws:.~~·\iiv. v.I··.' '. · ·.lat•:r.• ::wbi:Cn · tba. bonela: !herebi otterec:t,;;:t:oz(ii&ie ~-:alball Mal~~ . ·. · · .. :ai.~r.a·:'iffl\l be ·p•~t!i:ea to b:tcf :·di.'i:te3~nt:·ft.~•' or intere•~:t. : .. · ·~\~o": apltt· ratea 1m:apect:Lvo ·;or.· the: m&t;an,tfea ot · u14 .1~·. · 'l!h4fibttel!n~·,;rate a;&t<!d:a; the•. l>i~~t:.~<U,.'.'-ault1ple-. c•t':'. ·· .. , . ;)rie~~r· o~ one per ceftt ~" per.-.amma;;, ~le aM1-4DnuJll.y~ •) JU~~·:; · · . Said-.: b01:id8 ;ature aenaJLJ.i: 1:n c0naecut1•• ·· • ·>·· ~ ·: · .... : ... nU1118rl¢1U. -~•r~ ·troa lower'to hipr,, $25:.COO. 1m ·· tbft lst ... dat .ot .· JioY.ezlber: .. ~ ·~·· t:>t -,i;U; 7.an -19'9 :to 19!:~9~ · :~h; mc·~a1?e; and *2<>~aQC>, ~. Jk>~."l•t m'.·each oz· the<_: · · :Y~ 19,·60 to· '1973.P· bot.ii-1J1clQ!ve:;: ,W11;hout _opt:1on ot prioi•. p&JaeD.t .1. ,1.· ' •. ,· .•' . . Both p:'j.ltC;1.pa:L and 1Dtereat ~e m· .. lawM . , "'"'· ., . . . ·• :~ ll0De7 ;Oj~ 'the ;:UQited st.&tea .ot. :Dleri:et at. tbet -.. ot;-1"1~. ot.: '.the . TreuU?"e1~ of · tb8-C1.t7, ot .Pal:o ilto;, Cdi:forrijla. . ,, _,, , ',· ' ' ' :~,··;;,'./··: . :J•i·1 \: · ·7 · ,:...~aid bortda· .are· au-tl10r1ze<t. tor ·.the pu:rpoee . or. ,.1.a~ · ;, ·-:· •• ; : • ! ~1ng the ta:~11t1_._.of'. .. tlle C1.tJ' of"·?alo .. .A~l.te>, , . >. · ... , :· ·~ . . . ~-:tncludirig ~roYement'-1 .. t<> th.ft w.a~r. :.ttatnbtt"t:ton ~ ... · ~: P• \'.d1atr1)>Ut1on.. sJ;stea. · '::~h~~i el.ctnc ~but;'10n:· :$p•;, ,,8nd: '&ddi:~onas :tmprovementa .. and:, l:iettement;:a: ·to:-Warelk~e; . . .X~i ~~~:}t~ Ciq or· Pa~lo. Al to,, . as . a.e·t tOrt:h~ iii t:;ne ;.PrQPoa:J~t~on · :'·~~·,;·~9 ~1->4;'-.slec~<in :0t said. ci~Y' •r.t:. an .. :ele;eftion held'ithei"e-· · ·::>ni'im· th~:.-,22nd;,-::~;1~;01' .~r;une,, 1948,-·and : a.1>pro¥e<t ·. 'b1 . .,re tbalt tw<~--:~hJa'ds i:~ote:; '.;t~~~t~ .. · ....... · ... .·· .. : .. :: i .. :. \·.·· ,'\, .''",,',· .. ~,~::: .. :{.~-,:; .:. "1~\~·~;;·:·.·!~ \ .·.~·','~ . 1' -. ', ' ' '·: ... 1 ":' . :: :·: 1· .... !·. ··$aid bOlida ·.are general. obl1gat:lona ·er: ·tl:i.e. C:!Lty c\~· · · · Pal:o Al1~o,,., and tbe C1:t:1 C~ouncil . thereo!' b.sa : powetr . . .. . .. . :.. . . and<. :ti <)bli~~t:ed ,t:o le·vy, ad .·1alorelli taxes tc>ii th:e . , J>&Pen~ of' Aid ~n<!IJ. and·: t:ne"' :UJ.terea:t 1;hereori upon all prc)perty : ~ldt~ .. ;;~J:te.,:.':.:~:t·t~: of' ;rail<>·. A:lto .. aub:.1ect:~ '.'.to:; ~ti:9i::t. b7 ~-d C:ll~ •. (#c•.:'·.~:~~~ ::(n~~ble peraon&l/ p~~p-~,. wh1eh:_ 1ti taxi~b~e · at· .. l~tedi ·3te&): \w::lt:~:>ut·~ lim.itation J):r:,· rate-or· uaount·.. ,. .. .:- ·~' ' • , < j\ ~ ' • •, " / ' • ', : '' •I I , : ' ' • ~ ' '' ; :~'. L1t(BL ~Om.iOXi:·,!'"'1,.:ift]~;ill .. opinion ·or M~!tSiSrs .. Orrick., .. 'Dahiq~at,, · : 1'_-.: . '{ '.:". .. : · ~~::w~.t; <B:r-Otm: & Herr111gtQn1: or .Saft J'raDCflJCO; : .. · ·'..:; : ·-': ::' .. ; ·;;;-::·: ;·' ·ca1i.toi"l11a1 appr0v.tng 1:li1e :validi:t7 'ot N.id bonds • • ·:1 .:l(ll(~~ "t.ahed' to .t:be auccea&ful b~Ld1defr.: ;w:ithPut cb&:~g•a. · . ~:~.~~J~iJ·i . . . . ' . 1'DllS ~:~~· .• ,.. •• '.' ' :;zGillft'.:.~~m:.·: '·'The ·bc:Jindia:: wil'l ···be. •&rit:e~-.tO:i .. :th9 _l:d.ghest and beat t~~~S!~in& tbi::f: .. ,tntel-eat rate-·c>r· :.rata' spee;Lftm:.aAfl::.the · . ~iiFio·t::erQ:~: it :am1~~) The highest:· b·id': W:Ii1: be:: ckr:t~ned b}' · . · :~~~~.tpe; aJll~~~fe~;:the pre.tu b·id; (1r an:J}·-·~::.~~be': to~ :~.'.:~:!" ~'te~at., ·~h~~h the c1t7, ••OttJ.d:.. be. ·required(to · .. pq -~ · it.M,'1:1•ta:rof'.; s:a:i~ bond&·:.' '.t·o .-the .. reape<tttj;":e· •tur1t7 -~· .. at .. the j~o~ii~F~t,ei /~~~,.:~~-: ·:1~1fi.~<r a tJo.e li>id,, and.·. ttie,, uam 11111: be :~~;:;~:!~ .. ·:~ia: o-r.. ~:~< low.ecet · net: 1zi.t;ereat .coa1; to· ~~be City. . : "~~~:~~~:;J;l~~:iJlte~~~·:'.·~oat·. shall l:>e. c~~uted: ~twee:Q-.;t}le.· data• · !lfo~'.4-~:ac:co~ · ti·c~-:m:t&ndard · bon<l. ·:t111;'tereat:: tal>lee-... ~:: :Thff p11r-. I 1•' " ~ I, • f' '\' ';., • ''J" ' , ~'· ,'• ' -: I' I ' ' ' j ' •• ' • ! ' I ,_',,I I '' ''• • ,.;·,~·~·:~_';::iv~j ~cruie'.d .interest. •tran ·t~be'" ~t•· .. of·thefborids ~o the ··· ~:t1at•·:··oi~·t::·d;l . .a;!,veey · · ... · .·; '··~(, :·~·~ ... i.,·"';·::·::·:'>· ~;;'. • . '·, I',> 'i •;, .I I I· •' i I ., .- I • 1 • j ., ~ J ,, 'I I' :,I " . .i: I I, \' ,, .'( ·,,, w •• , •' ,.1 ..... ·,:· -,. '! ' ' " ' ~ . I' '.·':, .1 ,.' . '• ·' ,•' ,•i I ·:::.;, ;1:· :~ ,;., / ~1·. ... '.J ·~: ., ' i _,; ' I ~ .. ~~-.: ::~;:.~~;:·.: ',: :~ I I rl :. " " '' ... . . ' \ . or o~to~;-1>~1948: ~-- :t ~ ' ' . • . : : ~ I . ' . ; ". . • . r ~-' . ;· .. :· . : . I'., i ' I' I • • •' ' ·~ : 0 ..· ., ' ... ". i 1 • I I ., , ,• I ll I I I lr j: t n I ! I I ~ .• . D ; ~ 11;'.l '1 :' I ~ :; I :I ,, I! I ,. I -I I . " , , I I/ ' .. : 1'mln!D· 1IDD'·· I c1t1 ·cierl:::: ot the ~ti·· o~<Palo. Alt'o · · · State·· o:t·cau:rortl1a . . \. - .~ .. " '" . Caahel:'· 1I'ho:tta~ I ·alld! . I i I I I 1· I rroa ·ar1d1 I Qaapar, V1~kett• I I i: .. . : I· ., ' ·: " ' : •" ,, '! ~:.,· " ' / ,. ·'· •"' i ,. '•' : 1',