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Home My WebLink AboutORD 1416ll ,;0 :;:; ••: ~ ,._ '· ~" ~'. .:. . .. ·:: :~ .,:;·:·.-~~<( ; • 'f .... : '·:·i:(.f ~\ I· ,1 •• J;.' '·, ..... Yf: ~ :· \:<~: ,,(, •i.-.·. ~ : ~:. : .... •' I< ""' ~· , .. ·- ~ ·,-. ·, . ··1~=~·~/ i~,~·;.'.'. .. •, J;;'. :~.:\ :.: '...: : .(i :; I·'·:~' I .• ... J~: ;• .. -~ " 1:··· ''.' )~;::~:~' ."J: Ii. . : ... ' • ':-;: . r-. (, ; .. (··\, .·· .... · ·t'. (:. : ,1_, ~ \ ~ i.~ . ; ~ ·~ . : .1". • '.·'f)) ~ .· I ~-. ·;: .. ~ !' ; ,\ .. ':: ·e ·t ·»' :r..lll. A .,t c :a .. , ________ _ !J·.Q. .• · .. 1•~. . . ~ . ·' . ..: ~ : •. ' ;_ , ."' -. . ;. ritd!m>ma::'J'Ca:,.TU.ISSUaa· .AD·aiar~~.,000.:00 ..PRDCCn'M.:' :AJ!OUllT· al• ~Cl'l'Y /gt f.&LO.'' &'fO/llOJIICirAL >~ 'BOIDS · OP~l95l. •: DRIISL~-c"·,.:aB&DG. P.AllT 'O'l(U UIISS0.11> 'PART 01'':.0 ~-:··0Pi$l..~0o~·ooo:oo·· ·PJtDCI'P,C. ~u:NT A'O'l'BOR~ '• BLBC'fiOJJ. DU> D '. 'SA:Il>/.~l'l't· ow· '?.BB &rlt!D.&Y:or.·,JU.Y·; 1951);.-'P.RBSCRIBIIO ,.''l'JJS'Dl.ll!'B :Alm.'l'OD·;or-~.u:z:D .~:·~AJU>'~~::'l'B'".CO'OtolS-: :~· M ~ACDD;1'81Dt1:1.0~ :ll'IXDrO'. 'l'JIS'.· JUlllirtJll.JtAD.'OP ' . .D~. 'OR' Sill);:!SOJll)cs·:·Alm PRISCllBDrG--~ ~ . ' 't:s:&ltBoP.:11i\;;.A0'BORIZiff' .. '?D}lsuo8"ION ·or, .ftm:·BOMDs : AD. )>BSIO!U.flJl()~7stlD:;$9SO~(')()()::..OO.;;:PBDICll~;,.Qt01nft OP ·:"BOJmS:.Al!J::·~.··c•.:.-0p,.SllJ> ·itml~'US.9~ DJ> ::: DIRllC!r-IJIQ'~·xO'!Ics :·or ... 3Al& or Sil?>· UllIIS' ~c..'!' ~ BOims '1'9~~~GIVD.,.:<: ~ ... ,, .,:·. ··; , ! . ,·. ,:· .. .' . ' ... • ~ •:: , ; ~. ' , =· ~ • , 1 I •' • \ I , -• ' -WRDb.S_-_ the Cit1 Coun~il ot tbe .. C1t7 ot Palo ilto; beret;orore·, 'to;;w:tt'fr :on ·the·. 22nd. da7 ot October. 1951',. dUl.7' paned and: adopted it• Ordina:noe Jo .· 1365, providing tol'".tbe 1eauanoe ot . $1,100,000.00 :P~1pal .. a11e>unt ot •c1ty ot Palo Alto Jiltm1c1pal Improve•nt ~Dda or 1951" J and, . · · . .. VfflBBAS/ in u1c1, Ordinance Xo. 1~5 _tbe autbor1Hd 1Hue or the-CitT .-<>t ~lo Alto Munici.pal Impron•nt Bonda.~ 1951 was d1.T.1ded !htci:-... ~~-· •bei:e<>t $;80,000.00 J)eiilc1pal :amount .aa des$gna.ted •s.raa A", and ·tbt 1aeuanee and eale' thereof' ~bor-· 1zed and ·'d1r.cted1 and~ · · · .. .:~ ... by ON1nance Jfo. 1379, !Sul7 paas•d and adopt~ · Januar7·28,:·1952,-'the Council ot the ·City -or Palo Al:to did author- . 1ze the'. 1Huanc~ and. aale or $70,000.00 p'1>1nc1p&l amount ot City ot ·Pa}o Alto ~1eipal ·Iarprov•ment Bonda ot 1951, S.riea "B"; &nd, ' . I " . ·,_ . ·.VHBRKAS-, ·•aid Series "A" bonds in the. amount or $8Q,OOO.OO a"nd"S.rie• •:e•·bonda in the amount or $70,000.00 hav-e heretofore been "1Hued :&nd aold'; and : : · ,:_.~ ~-; ~;:·O.r41~c• Ko .... 1.365 ~r!tbe Cit,.. or Palo Alto pro :v'1ded th&~ ea1d'.19aue or· h,100,000.00 principal aaount or tbe · .~ ty/or. ~lo: Uto-~'Jl!un10:1pal Iarprow.en~ Bonda. or 1951 might be 1aaued.·fr'.O• ·ti• to ti• aa aeparaw eer1e•, aa and.. w~n d1Nc1*1 bJ: t~· Ciq Co1lne1·t .; ·&nd, :, .. ~, '.t,bi• Cit,-Council baa . dete-rained -.and doea . beroby declare.. tliitt-~lt. 1:8 rieceeaary. and desirable. tbat'"the,; . .relllliii1n8 .. part; or· .tbe:-·iaaU. ... '·.or: ·1951 .Jllant·cipal . liprove.•nt .BoDC!a 'be ao:td, to . wit :<in ·the. aU11 ·ot 1·950 ~ 000:. 00 ·tor the purposes tor which they wre auttioriaed by ~be elutora. . . ,\, : .,, .. 'NOV: ~'l'BIRIPOBK, tbe Council ot the City ~r Palo rito' OOKs OBD'1Jf u ' .~ollon : .i ' : . .. . ·:'Se~tt~,-* :·Bcnd.a· or t'M c1t7 or Palo ilto .1.n _the aggt.epte pr1n~1pal ~t-ot .$~1000..00 (being the un1asue4 part or said . U.ue '_f¥f $1'~_.00,0 •. oo•;pr1ne1pal aaount authoris.d at Aid. election .,_ .beld-·i:n_ a:a~<f c'i~,..·on. the 8th da;r or~. 1951) -8ball 'be 1aa~· to 'P&J' €,be"•t·ot tbe,a,cquia1tion, OOMt~uctiOD and.'COlll)letion' Of _the llun.1c1pli.r,1~roft•nta Ht t.-or;th as tollows, to w1 t: · :-... • ' . , ,. \ . . ' .... ·:i·~~Y, • t . "'::.;"·;. ' .. , .. ' ;. t ! ! .. I ·-~ I l ·I I .. ,,1; I· U ·.1 -· I I ' i ! ,, ·1 "'\ ~ --ri ·' :-.,• \:~: :!: ,. )Jr·. • . : : ·f!:; j•· ,;I'. .=') ;. J '..'.,·' ' '."'" •. \ .i !_'.t· : . ~:· 1 I , •• ( '_'1·.1 .q ..• ·:!.' {;.: !~·. <r:· \-... ;: .:. ~· ;·'\·~'i '. ,. ·,'I '"; ::·: ";: · 1 · :· '.; . :: ! I . ~~ ·.I 'I :1 ::. .:1-·" ·:: I : ... ·i:Jh\ I ~ ! . ' \":~,. . . : . J .I ff · ~:·'.. , l u· \ , .. ,,; ·~:. ;•'. . 11''' \ . ~. ~ ', ·~ .;; . · 1 .;·i>} .'·., ! '·. '· i" } ,_!'.: ,, ;: .• l ,.·, '.· ': :.": c.. :,:.:_·. , ·;~( /::: .. ~·.i !' s : ' • p " ··! r1 t ,~ .i .•.• '· · ."-~ '.:(; ~ i , t ' r~l ~.·'. ... ·J! . :' ;t ,t -~·~~!,~ ~ .l. • 11 ::,· .. r :, . I - (. ,L, f,t,. • -: • ~·,: ~. :J\f~. ·:~t, '.'.:~ ·,\·;:.•:,~.;:J ~ ,, . . ::. (: \ .f.::,i. ~ . : :• ::: (a) 1'he na ot •soo, ... 000 .• 00 tor ,tbe acqu:U1t1on., , c0natruct1'.on and· c0q;let1on or ··tu. ·1"olloWing · INllio1pal 1mipron.mta tp "1t: a&li.t1ona and 111pro..-nt1 to th$ eleetr!c d.1atr1bUt1·on . •J"St•• or ti;-Ci't:r or hlo Alto. 1ncli:id1ng condu1 te., · cablu ,·. tnnsto1'9H'S and otber tac- 1 l1 t1•• • •c;u1Pi&nt ·&n<1 appUanc.a.l.and ·and other works, prope'.r'tY or .atrac'tV.a MO .. HJ'7 or.· eon.Yen1ent. t.or. ,t he, •loc~ric 'c!latrlbution .syste• ot the 'c':t.t7 .or'.. P&~o'·Au~. '(b). The ·au• or :•25o;ocie.oo tor the acq.u1a1t10i> . coutructi;en and c'~'letion ot th4t· .following •un1~.1pal ;191>ro;t'•~t• :to .. lf1t1 .~~t1ona and · '1m.pr.o:V••n~• to .. tbe.:wa~r . digtr1but1on.,,t;J8tem o't tM ic1ty or· talc> .Uto-, :tncludiq .ext•n.1on' ot ;wa.~.r 41a,tr1but1on tac1Ut1e.a;. p1~8,, ,p~p.e. . ~· ~ ;-..Unes.; "pump1ng·,equ1p•nt,. w.ater.; ~o~·~1on!ng,: , and ·otber worn, propertJ: or'atr.uctarea nec•ua17, i or convenient tor 1t1P,r0rtng · the .. ~1c1P.1 wate.r · 1 system or the c1t,-or hlo Alto. · · · · (c). " . ·'l'he aua or $200,000.00 for tbe -aet.IQ1a1t1on, conetrUotion and co-s>let1on·or thia tollCRring iwn1c1-pal 1mpr0Y••nta, to "1t: a4dit1ona aJlCl ,1-.pro'Te•nts to ·tti.· .g&a··4llt.ribu.--;j,0n· a71te.• :Of tbe City ot Pa1o,Aiw, ·•nc-lading-pipe•,· conduj;te and other t'ac1l1t1,a, eQUip•nt aid ap~liancea., worlca,. property or atl'l1cturea neceH&J'7-or ~on ven1ent tor the gae dbtribntion e71tftl or the · . Cit:r .ot. ~lo Alto . I :g~ti1\{tg~ .. \~'·.j ·:·.·~ .... ,.1 . • 'ftf''°' ... .., • ..,,. "#-:1;..FJ'I • ~-v-•·-•--. -I ,' I , . ·. ... · . ., ., "; ... .... ·:· ' :':~:~ ),~.1~~•'1:.~~~/k ~ ·.· ' ~,· ... r,'.'"·.~:· J: ·~:·''I ·<;'\) ',.. :..~1o· f,, ~:J ,~ ... \ -; . .: " . .' 1. , .. .. ; ... ' · .... .... ····---------------·······-···--~~. " ( ~·~ . J ,::.;~ ;:,, 1 ,t~:~fr ,: . . • ' • • I '-conae~e,1.ve ~~1: order, rroa ·1owr to higber, aa t'ollowe i ... ·· .. ··;.:· .. ... " -. . ... ·• t 35',00c)°.oo pr1.DC1p91 nount ot •s.r1ej c• botlda '.: · · -~ ... Shall'. •tU:re :and :be ·~J&ble1on October > • ;;-• .-', la~ 1n eaeb or t he ,_a~ 1953 to 1962, · 'botb--1nelua1 ft; · · · .. ' · "o,'oo6.oo m'nc1~1 • .;~t ·or ~~ri~ c• bond.a · a:~ll · •ture and be pa~bl• on October .:.J .. , : ~at" :in each· or the ~an 1963' to 1977, -:·. ·' both 1nc~ua1ve. , , :.•.: .~ "· i I :~,~r ~·-:~ '.'/ I ·~· .. , ~ . ~-' Both the ·Prl~i~l ot ·and 1nte;...~. on aa1d bon~ ah&ll be pa.y ... al>le-.at :tb9 ·o:tnoe· or ··tbe'Treuurer·or the cit,.:·or Palo Alto 1n '··· .·lawt'Ul·,~. cit.,~~ ·united Sta:~I ot. .~r1ca .' . . _· .. ~~ti~D:~;~ .. · .. ~~~:':b~ or •s.:ri~I c• .•ball ~aeh be sub~ .-atanti&llJ'. ·1n· the 'following· f'ol'll;, th•! b'lankS .1n said rora 'and in tbe' .torm o~ eoupc)ji 'given 'beloit·t o be' tilled with appropriate words am .tigureai _, , · w • • • ~.!: . '> : ·1. f "l ~ I'.·. f '.' ' . . , II ( '/ . ;. .. ' .•, : . ~:l j :;·:1 .. , . .. . ,• :I ' • !J i !1 .11, , I~ ·. . ~ . .• . ii ~ • ' • :·1 . (:· !'} .. ;.-r .. .. ~ . . . •: .... \·. ;. '! ·:'>!:: . ·l, •. · .. .''IV: ·.' ' ' ( ' : . : ":.: : \. ·j:;· " ,,(' . ,. . . '• (4 , I· •• , I ~~ :~!': ; .... ., ., ..•. :1• < ·' i r-. -~ :~ "-f. 'UMrrm> STUBS :OP AJllRICA • · . ST.l'l'B 'C>P'-CA.LIPORRIA COUKTT OP SAJftA'·CLARA ._;:. . ~cm OP P.Ai.O ·AI.'?O MCJO'.cIPAL nmtOUM:U't Dm OP 1951 !lk!ti ¢. . Ko. ·C,~-----$1000.00 . TD CI'l'Y OF PALO ALTO, a mun1e1;pal corporation, organized ·.abd ex1s.t1ng under the Con8t1tut1on &Jld lan or tbe State or · <:'al:itornia~· he~~Y ac1mowledg91 1taelf· 1ndebted and:' ~r. value ),;. reee1~ed, proil1-1e• to ·-pay to tcbe bearer (or 11' tbia'bond. be reg. 1-atered:, ._to· t :ta·regietered. hold.er th9~or) on tbe lat day ot ·. Qet~r.,. 19....'.;,.; :~ 'l'HOl:!SAlm (.l,000) DOLLARS, together 'Witb · tnter.-st tbeHOh. at the' raw,ot · ( · · ) ·per cen~ ~-'annum 'tmt'i'J: p&)':!'.-nt of 1aid pi'incipal BUii iii hill, Pa1_able,' ;8etil:-<&linual::ty, on·.':the lat dai ·'or Octo~r: aiid ·'the ·.lat ·day. o-.t··!A;1r1·1 .'of. ·•aeh:~ar. ·en1 .. a :this b"cind. · 1a '·registe'Nd ·auc!i 1nte'ri~t;::.P~ior ~o· :.atur1ty, •ull be' pa1al>le only· on preaentati'on ' and •.ui.:"nd~er• or:·, t~ .~rope~', i~tereet coupons : he:Nto: &t.tacbed :.. ' t~ .r.a.peC:ti vely ·become due. ·lk>th · the prine1t>al · .. ot and :1nt4'rHt ·on ~bis. ~ are ·P&yable . fo mru.l mone.y or t~ U'n1ted Sta-tea or .:America at ~the ot t1ee ot tbe· City Treasurer or the" C1:ty ot·'Jl'alo :r.llto, Palo :Alto, .cautornia... , ·~'a',~jid ~~~•one 6~ a dull'; ~uth~r1~ed isaue ot bond• or ·aa1d. q1~·&gg:Nga,t1ng one cll'1on one .Jumdred tbouaand (l,.100,000) . doll.ft.S.·in p~ti~i-;Pal a11e>unt,. all ~·:.u'JCe-.. t93lor (excei>t tor:eueh ftriatioue. ~ 1t '&111'; ··as · •Y ·be 'required .to-' deeignate ft1'11nc · sertes.. ;nOllbers, •tur.1t1•• or· 1nteree~· rates) ancf 1• 1eeued ~r/a1l4·j>~uant .. tc> the Conat~tution· abd S~tutee ot the sta·te · of;. C&lfto~., ·and' ,tm(!er ~and pareuant to tbe oridinacea and pl'<>- . ... ~ ot: . .aa1,!f\C1ty' duly ~dopted' ~.taken and a •ote anid .a;.lNnt · Cir'" itore~·tbliJ?-~!U:rd.8 o~:•ll ~~ quaUtfed electore· ot said City ·•ot1ng-at. .. a special .election dulJ' cal.led alld beld tor that purpOM. ·~ ·.;;.-:; ·:-~ ~~.. •• • ,• '6 ••• _ ! • • { --... .. "' . : It .1• bereb)' e.rtit1ed, recited and decl.ared tbat ·&'1-1 . acts~~ C.onCHtiona ·and t~ required· by, ·law to en at. ~n ~··::,~., ~:' ; and t.0,'.;be~~#or..ct t>t"e~dent.·to·azid 1D tM' inane. ot th1·e 1·: , ; ' ; ' • bond' b&"'''eAa'.ted, ~pPittned and ~ pertoi-Md in dae ·t1•; :.:ri: .. i::;,:;. '.i·~ :: ~ · rol'.9,~;:~r'·a~ ·requ.t red b7.·~, ~:-~bat the a110W1t ot tbia > :·· ··:; ··~~· · :i: , ~.~ ¥M6, t~e;t~ .111,~ ·all{ ~ttier: ibdel)te~ae of ·said City, doea .¥.~~ .~):}~_·::+: ,f. ; ·,.not ~-z~M;d'-~T.·.·.1-1:111'.~ P~t'Sc!1~.'b> .. t'be. Conat1tu~ion .9r Statute• !' .! . I :,.I • I I Il I t • .. ~ ' : . [ .. ,, .\ ... .. I ., . ,_ .. J-1: .. ~~·~. ;.,:. \. ·;· ... ~/ ~· .. -. ~r: ; -r ~ ~!:·; :•.-. ··; .. .:.':;. ':~t ;;:: ' '' ·< ·:-.. : ~ ;·~: :" ·~ ?. • ~· .1• ' . • :. ! .. •'< ~'. dic~i,' \;, _;;;::_" :<·)~·~: I ·~ ... • ·-: ·; " :: ;. ·•. ·~ ... !. ~'"':~, ;: • .;.t.• I . : ! .:·. ~ .. ~.:. ,:. ,. ... · <~ .. ' 't:,'.•' .. ·,· . ' '' ........ ;./ '"' •·'' t:· :::y ·~ ~: : :· ' \~('' ' l .. ~ ~ .. · .. ' .. .:.; .;·' ·-··· :: ,..,; .. :· .... I I • ' ;'l • ' -1 • .;,. •. \· c ·;. ·~ :: •. ': ·~.. ' ·~ ' • ... • ' ' .. • -• .1. • • ·O~ '-+~'.~,.· ~~Jaa.~9·'~t1''1~ ~"Kelai~e;-,nqu.1~b)". ::r: " . tbe. COU;t1tut1on ~:~tutH "ot tM Sta~ ,.tor :tbe col:le;ett.on .· .. .-1.; ot· an a'mlual .tar aut.t:1c1•nt. to; 'P&J'' the principal · or-, and' inte;reat on, tbi'.a '..bond U '. tbe 1·saae:i;9c0ile due. The :t'ull t"a.itb..Ud ~ti·. ot ·a&i~ 'C1~ an bere'by. ~ledled tor the · Plmetual paJM11t of tbe pr1nc1pal and 1nterea.t -or tb1• bond. · . ~~ ·bond~~7 ~:·~~ateNd 1n the maimer prortded b7 law and.. tbel-Mtt.er tbe pri.nci~t be~f ·and 1Dterest bereon ,•ball : . be paY&ble. Oll'l y to eueb: :N~•tered owner. . · DI ,.lfITI~ vDuoP ... 1:b. City . or Palo. Alto baa caused tb1• bond. to"be:·ex•cuted·under-its ott1cial Hal,. ngned· br it• :· .. M&yo~~:and •lta.,;.~aam'er,, ·~ coontenigned 1>7 ita Clerk,. and" .. i . , baa· ~aused ·tbe tntere.s.t: co~n.. ber•to attacbed·,·t o: be signed· by ·: ·it•: TN••Ul'er, ·and-this b<>nd to be <lated the lat da7 of October,,~ 1952' · · ' · · . ·"-I : • •. ' ,,.·; • • ~· ' . ; .. I . ~- )Jiycr or tbi c1 ti ot h!o llto .. l' i 'l"reaaurer of the en,. ot Pilo 1llO 1 . Countera1anedz 'i '.;.• " CH;y Clerk o? thi clt7 of Palo llto Cotr;>on No. ---- On, the lat ,daJ' Ot I 19 the .City .or l'a.J.o-Alto W111 (unieaa the ~ 1'1.thin .ent1o·ne~· bond be reg1atered) Pf.1' ·.tO.·b:earer at the ' ott1ce or the . · · ~ae..~r .. ,or aaid··c1fy. 1~. Palo ilte.:. ., .C&l'irorriia·, ·. ""· ·' · ·Dollara $ 1·n l:il..wtul money ot tbi .t7D!~d Sta tea or.·.------ ·.A:1Mtl'i:~a.~ 'be1-ng a1:x 11<>nthe' 1nternt tben · . ·due "on .!ta Mun1dpal ImproTe•nt Bonde o~ 19?1; Seri.a C, dated October 1 1 1952. HO. C ---- ~· ,, Triatnirer or ~hi city or Pilo llto .~ct1on 5. 'l'he ,MayoI' or said City or Palo Alto and tbe Treuurer "ot ea14 c1t7 :are hereby autborbed and d1rected, rea~o~1'9'e~y, •a.auch otf'.i~ra~ t~, execute eaoh ·or aa~d: bond• on be~l-t '!>t'.· said. ~~71' and .. tbe C1t7 ,CJ.~r.k, or one··or ·110re or her · deputiH·, ··' 1a. ·beNbJ &;utbo~ised a'nd, <l!J:oeeted to ~wra1ga ·.:eaC?'ti .. ot,·:~1d "bond~· .and to a.rtu the •. ott1c1a1 ... a1 ot' .aa!d C.1ty I tbe~t~.. k1d;,Jll&iror--aD<f'· TreaeUl'er are hereby .each,· 'N•peot1TelJ" autbori·nd ·tO ·:cause.·.a.1d· bonde to -be •1ped-b7 tbeir pnnted. · 11.tbo~pbed ~O;t' ·enaraft6:. f&C1m1l• aignatQX:ea. ·~ ~l'· •, 1• · ber.b7 :ailtbor1M4 and' .directed to sign eacb .or· -~be 1.Dtereat co~~ ~:P.r'iJi.ted,, litbograp_bed or •.ngra~ taci~le aigna.tare,, ·' ·/>:. '·~· "' I ,·:·''{ . f', 1. . , r:;}:,. . > ,\, •, J::: .. ~: • ~,. .. ' I I !;. !·:: -~ ' ' f, . IL .·:< .. ;.! :~:: i. · . . ~ ~ ~ '~ ~~·. ,'_": ~ ~ ;·. .. .is :;~1:.~·~·;~{: · ,·;_. i ;, i I :-· :1:;" ,. .,~ ,·,, .. it· .;) .... , ,; ; . :·, ~,~.' ·; ~ .. ·-·~:· '·'·'-'I< ~· lr-::· ·'~;if~:,:~· : " ,, ' : ( < . I H·4 : •:t • ~· !~ I :,. '·I ;: •, ~ \.' :·::~\'I:~ l ""' ~ . . I ' I ~' ·J:~ ' ' l "· ( . ... ' Li'\' -.{ :'l'\, • < . "'· j.- -: l --~ • " , \ ~-.. . •I . ; .. ~ .· . .· .. /: .. ;.· • ... ,'~· :;:i',:, •' ~· . t, ~ 't ' ' ' '•' ·1·,-. ~. -\: .. : ~ '\'.' ~. : ,: ;'/';~ >;I ,,i .. ,,. ···:i .. 1 ~ I. , ; • ~ ' .. . . . I ~~;~ .... .. ' :.. '• t·;· ,. Such--•1P1nc> comatera-1gn1.n& 'and Mal1ng aa ·bere.m pron*«l aball ~ a iautt1c1ent '.:net' 1>1ncUng exeoat10D ot •14 ~ ~ oOUpon. · ~Y a&id Cit7, and all: aucb •1CD&ture• an4 comiteraS,paturea. ·· exce~1~"that• of' tbe Cit)' C1-l"k Ol"·'ber-deputies~ ~be -printed.I li~olral'bied or engrand. In MA -&lrJ'· of' noir·otf:ioen: 'Wboee •ign&ttll'M .or counteraignatt1N•~ appear' on' tbe 'bomds or coU.s>onsbalt cu .. ·to, 'be 1uch otttcer Mf'ore· ~be 4•11~ or such bonda to tbit~ ~I· •ueh' tigna-t\trff' or countersipaturn aball ·nevertbe~ '1'e··-na1.-d~.and ·1utt1'c'teDt t'o:r' all· J>urpoae• ·the-:aam a~: u · tbet"b.a(!'·.re111&ined in·:,ott1c• unn·1:,th~ d•l1Yery· ot tbe bobs., -,: se~on-"6. Por 'th• purpo1e ... ot· paJ'ing:tm ',priDclPal· ot and 1n.tm8:t : on) Aid' bond•"> . t'~ Ci t:r .Coimd'l < ot ti-' C1t7: ot. Palo Alt~. •bail.l~',at.· t~< .~1•: or· .f,1x1ng' tbe pneral." ~ l•V,. •'ftd:" 1n '.' ' the. ~r.--·f~ •~eb·:gener&l ~:x · J:e.,,-.prortded, ·l•'Y1' :and @llect a1UlW.:n7.-:,each ~l".'."anti:!l< n14· bond•· ·~·j;a1d," or'.··antn· there" :: shall, ~(a •u•·.in ·tt.ie: tl'U•Ul'f or said Ci.ty. ••~ apart. ror 'that-· ' , ~ to; .•et al! SuU 'colling due tor· pr1ne1Pa1 and intereet ·,o., .;a.uch: ~o.M•.1 ,a .. t.a'X, •ut.t1e1•nt to .pa7 tbe .&ml'!J&l 1n'tere•t OD aucb .. bonda!ae the·,~·becoaie due, an4..aleo such pU't ot-the ,pl"1nc1p&i ther.ot u •ball l>.oOM due betore the proceeds or a ·tax lened at the t1• tor isak1.n1 the next geDeral, ~ 1•"7 can be· .ade a°R1lable tor .t!M -pa,...nt ot such principal'. SI.id tax ab.all be 1D,,add1t.1on. .• to .'11 other ~ea levied tor -.un1c1pal purp<)Ses., and sball 'be · collected at tbe ea• ti• and in the ea• iianner'u o~ber 11Un1cipal taxe• are colle cted, *!ld be uaed t or no 'Other purpoee than tbe paJMnt or aaid bond.a· and e.ccru1ng interest'. Said taxes aa eolleeted shall be tortbwith paid 1.nto the tuzid t<>r wbich the same were l evied and eo'llected and wbich aball. be designated • 1951 Municipal Improvement Bond. .Fwld~ ~ and •. all sums to beco• due tor tbe principal or a.n4 1nteMat on •aid bond• shall' be paid rrom aueh tund. · Tbere shall likewise be depo•ited i n aald ·fund anJ mo~ye r,ece1ved on account ot p_rem.wa and· &l ll'o ·1.ntere.-t· accru~d on ea!d bon48, tl-0• their date-to the date or .. del:1·H1")'· an'd actual payment of tbe parpbaae price thereof. Section 7. There are hereb1 created and established tunda which-shall be. k4ipt .b7 the. Treaaurer or said ci t7, ,into Which ahalJ. be de.posited the proceeds ·o~ the sale ot ·aa1d ·series •c• borida ·as tol'lowa: ' ;; · · · < : ' ·(a)··. •.195~ :~tar ".D1etr1but1on a13d Construction J'uild• by •hi.ch.:~ i.-e~ord .,b&n',l>e :kept ot, j;he d1.11~e11&nta ot: the'· proceeds .or..· t~ sale a,Dd/.or. eale,s or $25~,.000~<>0 1>r1nc.ii"l amoun.t or a.au . Mm11c1.pal Imp.royeMl\t 1Bonde-:or 1951:; -Series •c '• (other tban 1 Pl'.9m1iua and-.'aeorued ·interest recei:ved on the. aale of.· •*>:t"d bonds'), '· · ._arid~a,ueh: p~c~ ·~h&ll be applied: aole:].y· to the puri><)aea aild ' . objectis ,'a.p9c1!'1ed 1ri PX:opoait1on Ho. l, set torth in Section 2 ot ,Ordinan~e .lfo'. 1365; provided, however, that when au.ch purpoee : cc! ob.1.ee:t.·,bU. been aooompliabed ~ ID0116YJS ·remining 1n· 11&id . · fund ·•ball 'be· tranaterred to t~ •1951 Municipal I111>rcveeent Bond Puzid•. . ._·· ; .,.; . ..: .. : ... . . ! _ ('b) ,•1951 O.a piatr1but1on and Construction Ptmd• b7 lif1:dch ~' Ncord -:ahall" l?e'Jc~t ot tbe,d1aburseaMtnt ot tbe proceed9 ot t~ 11&le and/or aalea:.:or t2oo;ooe>.oo pr1nc1pa1. uount or aaid -llun1-' c1pa'l·'I:llpr0.T.Mnt. ~Dda Ot 195'.J.) S.r1ea 9 <f' t (other ·tb&n' preait.1• and· a~ intet:9•t:-received 9ri th&."aal• ot -said boDd.a~),'''and· : suob ·l>~ 'ab&.J::r•'be •P,Plied aolel·J" tO-t'be parpc>M& and objects ~1f1~ ii:; ·~1t10n·.~. :2 · set t~h in'. SectSon ·2. ot Ordin-1 ance·;lfo>!"·lJ:~ Jp"rortded';"~ver;· th&t. when"au:cb parpOA"aJld'· : . ol>Jec.t -'bft!;bffJi:ac'co.pli•bed cry ~ .rema1ning in: e&M .t\md . aha'l.i~-be,'~t.mtt ·to: ttie· •.1951 Manici pal ".mpro-vemt ~ hod•. . ·;. -. ~ .· , (.c). •1951"nect.r1'c I>1a·tnbut1on· and Conatl'uct.1on·hnc1" ,b7 :· :.wbich A record.'. ahall ·;be ·_kept ot ·tbe. d:1ebU:rse•nta ot the· proceeds ··ot ·~~ aaJ::e·.:·am/o°!'' aalH Ot. $500·~0.00.-00• p,r1Dc1~1 · a110UJ1t · ot Sai~ '";, .. · JIUD!c~P.,11~.,...ent Bond• .or.,11'951,,s.ne~: •-c .~ (~~?". than ·J>T:9• ::. •· .· , , \ t\Hli:'&iid.· aoQr:tled·· inter .. t :reeei--v,ed on :tber· .aaie o.r,.._10: 'bOnd8 ), i :: ;,_< : :" .... ~~:.'8:uob·'J>~9 s~U be appl1e~ . .Olely to thtt 'Pllrpoee• and i {~J~~~~ .·:'*'. !~-·(· .. ~~.,~ •• , ·' • '<-:: ~ 1i: ~;~:; 'tf ''.i~±:t ~' I ·a I :~J~.~ ~ ·-·~ ,.~ ~-" I ':.:~-~~'~i;~~,;,:i~i~ifat~~,, ::,t ;;':.;:{:~· . ·. ~-' .';:· ~, .;/U; .. :, ;,: ... , .... __ llliliiiiiililllll .. 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I •;;; 1·1 . . . .,.. ,.. .; i:.: ~ ,. ! i:: -::-.·. •-~ I }. f J ;-.'.. ~ . ~·; ~·: .~: t i~ !.~> '~f: ' • ,. "i'. ' : '!' .-.i· •.• ·i .. ~: , t I ~" i: . -. ) . . -: ~ . . :' ·i'~ :·~ ·~·.·. ). ~-~ , .... '··· .. , .""':.. r ··~- !,. ,._-· . . ··~ . f~> :<--~ .: ~~,:',fH1: fa:~, •' (" .";-;;,". ',:,·l }~~-~· • ·~. j ;·,: :~~~ b~-.· oT ·~~~,·:;~' ~~~:·: "-~~::= ~)~~(;;·~~; ~fe!·-:}(~ .. ~1 ~--~·1.'' ·1 •: "i.-··f...:.~ ·~\Oitt>\~:-·-i·~•".:,.,.J_\.•;.t\•," .. C ~,.Jt, " .... -:,~ .... ~i?~····l.· .Q~..;.f~~~'·'-'r"" 'r: .. ;· · .. ., .. y .... ~ .. ~t"' 1 :f$>~:· ''·Y~';.~'"'.'llf'r.'.'fr-"'~i.?f.''/' ".l>•f t.,u•.''· '·"'!·!~\ ... ~'.'1,,..1\.r:, "'i-q·~"'Sic!'r.·.-1·$'·1 ~ "jr·~··•· · .. : ., · ·~·""'~U ~;-:' ' 'i• '> ,· : : ">" : ·:·:"t':1f "{; ; ·\i': ""'i''.~f ~~*¥•'.' ~%' 2:· !\~i10tf :':re::: . " . . , ' . , .. ,, ···293 v . . '• the date ·or delivjtl"J'. · ... ' .. •:·. :: ':: :i :,. ·)l:.g: ' KIOH'l OP . ' ..... i: I iiJiCiLU.li:, ··'fiie 'clt7 ot Palo .Uto res'enea ~he right', in 1t. ' dl11.oret!~,. to· reject a1)7 and all b1ds iind ·to Wlllft &Q' irNsu-1 l.ar1 ty or 1D1'ormal1 t7 1n !m7 bid • . . . I AVAPJ>a ·"l'be C1t7 Co=e1l or the C1t7 ot Palo Alto will tab aetIOn tianr41nc tbe bonds. or rejecting all bids not lat.r tban. twent7-.tOl:u''bo.an atur the upirat1on or tbe t1-.e bere1n pre-' s~l>ed 'tor. t~ Nce'ipt of'..:pl'bpOa&le. . .... , ~ . ~; DBW'"VD! OP BORDS: .Del1vel"J' or aaid·bonda Will be .ad• to tbe · 1SJ1e~e .. tu1. iiddir at the:.o~t1.c•. ,ot tbe c1~ ~.~r or tbe (_City·,or. Palo 'Alto aa soon a.a practicable. · .. . :, ' ·--~ t ~ .. : • . .. . M OP .'C.Alf-. . ' .. · ~ Tbe ~-ce•1hl bidder aball. bave the ri&bt, at , ~OP.• .. ·to canc·ei t.lie :eontract ot parch&H .ff' the ·C1t7 •ball, ra·n ·to~-~~r tbe '~ ~tor. de 11 'ltt'r'7 on or: berC?re JfoW.Mr 1, · ~952, and. in suob nent tbe auccea'atul b1~r .eball ·M · entitle4 to tbe return or t~. 4-J>081t acc'o.pannng the bid. . . . . .. ~ . . :--. .. ; POBJll OP Bil>t All bida .auat be unconditi.onal; tor not lH1 tb&D ~ bereb7 .ottered tor aale and tor not leaa tban . the par val"ae'thereot and accrutid-. 1ntereat to date o1'. del1Yer71 ! •nd· topthe:.-:,with bidder.~ oobecki'auat be enclosed in a le&led i envelop:,addreHed to th• City .Council or the City or Palo Alto and elld.oraed: ,•Propl)Sal -tor City o:f. Palo .Alto Municipal' I11Pro'Ye1111tnt Bo~ o:t ·1951, Series· c•·. .All b~d,• eball ·be acco~n1ed b7 a t cert1tted cheek or cash1er•e check in the sum or' $25,000.00 drawn . OD a baDk Or truat eompany author1'Ad to transact &nd traM&cting 'bueineae in the State ot C&l1tornia, parable to tbe order or the . Ci t7 Treasurer ot the Ci t:r or Palo Al to to aecure .. the C1 ty tro. a~ loss renulting trOtll .the· f'a1lure ot the b1dcier"to COllPlJ' with the terms or 'h1• bid. Cheeks ot tbe unauccesal'ul bidden lfill be returned uP<>n the award or the bonds. No interest nll be paid upon the depo81t made by any euccesetul bidder. PIN.UCIA.L ST.A'l'DBNT' Purther intorma·t1on relating to the r1nanc1.al condition ortbe City or Palo .Alto Will be turniabed upon request . . ·The~ is no controversy or lit1gat1on pendillg or threatened concerning the validity ot the· above issue, the corporate existence ·or· the City, or the title or tite orricere to their res pective o1'.t1.ces, and the' City will rurn1sh to the sacceaetul bidder a non-11t igat1on certificate ccrt1ty1ng to the torego1ng aa or and at the time or delivery or the bonda. Dated: .. , 1952. VDllPRKD XIDI> City Clerk or th~ City or Palo .Alto Sta:~e o'f C&l.1f ornia Section 10. : Tllie ordinance shall take ettect· trowi and atter !ta ·pasaag~ .•ne:t appro.vaL · The .above and toregoi.ng ordinance waa iuly and regularl7 1ntroda~d and puaed at a ·regt.uar meeting or the Councn ot 'the .. ~1ty ot Palo .Alto. held on Monda7, the 11th day, ot Auguat, 1952'; b7 the following vote: , ·,. ~. ·~.~ .. ·~· !'. ·.:; ··'· i I l !: " :., ~ ... J , .., .·.: · .. ~:u ··f::; , ~/:~~· ' ~ . .. ·'!' ' ,. ·~ ·" .. ~ .··~:·~'· .:; .... ~ . . ' •. 1 i. <, :· ... · .. ~ ··.· '· " •, . , . ' ~\. '!"' .1 •· 1.·. . . ··~ •, :;~}:,;:r . . ~,. . -.... -~( , ... ~~ ,.,_' ........ • ... ,I ·~ ~ ( : .'J -. ' '-· ; . ~:~. ~-\ ' ·" 1' 1»,., '' t ' •, ' \ 't ' ... ; . i •.. '(' .; :"' :·; '~· , . ~: ~ ;. t ~ ' i i { I . « ,\': .. .. ··r . ~ lj ·~· 1 ,,;. ·• . ~· r f " •' .. ··1 .... . : ' ','··'' . ·~ ·'.·"I' ,l 1~ :·:;\;t>' .I~ .. ;~:-';~:_:/;~.~-~ ... \ ... ~.! '. ... 1, ... _,·;.:1 ·~~~~~~.:·~'I ·~ ' . AM i NOBSi Blo-1•, Bower,,. C...hel,, C&thcart,, »r,'8dale .. aa.par,, 0 RS.ll, ~bal:l., >Utohd·l, Montrouil S111P•on, Yells, Vicntt .• ·Hone. ABSERT: ·B1Sbop, Millel'. "' •. · ... \ .. I,. WINIPR!I>. KIDD.,",,c.1.ty ·Clerk ·ot the ·C.1ty ot Palo Alto .bereb1"· t~r.t1fy·,.t:hat.:tlie. ab:ove. and rorego1ng ord1nan~;.wa'a-.~ul7 4nd .reigu~ly'paaesd-, bY.»the. ~·or. the. CitY .. ~r .~~o ·klto-on fi-nt· nading· on tbe' ,l~~b~day or Au~a~ .. 1~52.,. atid'. was. t~rearte~ posted on the bulletin board at tbe City.Hall. .. ,. '·• ~d.1Ji*'U ty ler :'"1 .: -::::. '· :, .. ~ · . " -· . ~ . : :\ :·· :~,· : ·;~ ~-: .-:;· . ., i ,:~>' .~ ~:,: '· .. .·. .<' I " ~ t .; - ' . ~ -: .. . ~ • ~ ' ' < .. 4 , i , ~ . .. - ~ f t I ,. ,. ~ c ... r '. -. ... -_ . ~ ... :: ... I .:...... ,,.., . I - "' ~ '..: \ > • ~,·:;;·r~!:f": I --;,.• ·: ~ t '