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HomeMy WebLinkAboutORD 1754R _ J Whl 1 ! II .__,. & U £$ • Wi!IIIIZUIC 2 SJAA a-:z:.u; ~---·---- \... .. ~ \, , .. . './:, ~ -~ ................ ~-'-. . .t. ..-!·~ ~ ~ .• ·i. I •1 ::/.' q CKI!i<~t..:<GE ~;0. 1754 AN 6RDINANCE O'i Tr..E Gl'I'Y Oi~' PALO P.LTG P!iOV!.S:~:G /Ol~: THE ISSUANCE .A.l';D S~'~P·"' 0? 4·3~COO,OOC Pi~!~~(;!?Ar. .. .U·~OlJ:,·;: OF 11 CI'!'1 OP ?ALO ALTO HOSPITAL .BOX:JS c:.;· 1955, ..,~":~T:;;'·' 1'):."t:t tc;<'T',;""' 1':'1"·,;• jT''.Irs..:·lr:;-n 'P.~t;..l'i"l Q:."" ":·. ;'~·'i;·;· C'l,.; ., ..... ~.~._.-...J !) \.~ ... x .. v J..!"'_.., >..!h .,.; ..... .J.J .. ......... ... .r:..:.• ..... .;:. ..... ~,.;. •..: Ll 'J'' C•O t"" c;: ;:1':./ 1"•'·"' ..,. ? !I ~ ~ 'lt~r.7•;.;~"1, .... i~~·o·::.-r .. , ~~-~··. /', m • ';\; ;:..~1 ~~' r''•"rrj o~ t 'T'-r,~ 1 vV .1 •• ~...,J..~.l..o .:·:u:.v~J ... .~.,~~ ..... u ..... i •. r._;:.. ... _. .M. ... ~"·•" ":"'-u .......... ~ HELD I~~ SAID CITY ON r,rp,.E lOTH DAY OF' ~lAY, l955J; ?RB­ SCHI3INC 'l'l'f:l.S DNrE AND FO?..i"l O.P SAID BONDS -~~\~D Tn~1: COU'- . Pm,,;s ~;;o BE A'l'TA~?'£D T"f..:SRl~rl'O; ,l.•,IXING TiE !~t.~XI~IUM Rli.T"E OF I.NTERF~ST O.t--; 'SAID BOifDS Al·!D PR8SCRIBING · T:-E y ... ~TUB.lTY Tl!.;.;i\~02; AU'!'HO?.IZING Tt!E EX.ECU1r!O~·~ Oi:<"' SAID BCKDS -~.NJ ''"E'.:::T.G~.rf,JTI~·r.. ~~r·J· ·~·~ oc·f"' oo·i p·;:;-rr.:I""!''OfiT J'l~.<o~u'":-rr> C·j:;' •:::.,\T~'\ J.1 ._,,... .lC.cA. . ,.,~ ~ .... .,; ·'f/..,1;1 ,./\,.r~ V •~ ./J-.v ..... -.l"J,.,..., Wa'4 A'W4 ,. .._,..,,\ .... .t,J BONDS AS SERIES fiB'' 0!~' SAID AUTf.CRIZE0 IS.::HJ".E AN:.' Dl.?.ECT!.NG ~O'I1IGE 01~' :3AU G.:~~ SAID SE.R.IES nB11 TO .aE (1IYEN ,. ~~T'II"'¥'., . ...., .•. , ,.. ~' 'fll:..·l;!.l"'J:,..""..J I tb.:~ City . ",j 1 ~ '"'"' .)..... ..... of :~~.e Gl.ty of .E'3.lo .~.J.-:;,; ::erc-.;o.!.·ore, to ~~1 i t: /"\\" """"''-"" 23-rd da~ of ;:.p~":Ll.~ 19:.~6, c~l.; passeo ~~ ado~~e~ -:: .... (· nra "" · ·."' .... Ct., ·;·. o ' 681; ·· ro v.!, ,.; "' · ...... lrJ-.-"'!' \"tlollo..;J.J. ,,• A~ ...... ' .,.1 !•f ,., ..... J.., f<:n' t.t:C :ssl~a::ce oi' ~A 1 000, orl...cipal a:"10u~,·;~ !:>i' •:c'l ... \ . . . o!' P.::::lo .r.lto .Hosp:Lta.l B(».d.s o.f' 1'9:.;j''; ":lF"•4 wt. ... u ·~·J!ffi&:AS /f :.£: sa1.d 0""'.<'~ ~ · :a···c·~ l\'0 1 ~8:.: ... ··\'·:• r••· "":··o~·: Z'"d ..~...."""""'._. ~ ... ""' ., • -v _,~ w.,"" -.""'""" ........... ~ ... -:!..SS~t~ oi' tfH? ,.., J \.t.-4.. of Palo A1 to Hoap1. tal .Bo~.cs of 1955 was di v:Ldel.! i~·~1;o. ser·!J~~.: ' . 't 1' Wh("''YliO!'I•' 'ill 'QI\Q fv'OO··)'l"': .. c~r-_-.:;1 a·,..ou·r wse .;f:>"-;'i("'S.tel"'! <~f:)'"'•J'(~"t". C·. ~-• .-: ·' ... f:: W\o.i..i., ~T .... # V I" "!-..... ,. ""'"!"*......,_ ..._~• .~1,-,1 ·, ,.., .....,._t... •.C,.•• wo\ .._,.,.,..J.. .. .,. ... ,...., •• •"'"'"" th~~ :.tssua.4c0 a:;ci salt:· tcK:t'.;;of au7;hcr:-·:::ed di! ... cctr~~~i.: a~~d w1iEP3P...S, SG.i.C Sc:::'ie;~ 11A11 oo.::Cl~. ~ .•• the: ar:wu:.t o.:.' ,~:.,c...~OO" have l1C tof'c)·r .. r2 ~ee ~:. :t ss:~~~j ..... a .. 1.d sol.d; ap~~a Wr£E.tlE..I~1 sa·U.i o:rcir;;:;;,;::tce above m•;;;:~'tionec! .;.:;rov:Ldc;;l i;bat :.rJe :::.·ema:l.r~.i::g $3.,000,000 prLicipal amo1...::t of C1.t:; of' Pale) J~.ltc Hospit.sl Bo:-~d:s ·or 19:)5 m:i.ght be issuec-i r':-om ti:::.e :o t::.me as SE~~):::.rate ser::.es as a,,¢. whe:;, cil.rt:cteci b,y ';he C:tt:; C<;,\.i.;~cil; a~~d ~l:Sf-{E;P.S) t~:.is Git:,." ;,~ol..;.•~c;i.l ba!;; de~c.r'InL·;~;::G a~.d t-:e:-cb~· cec.Lares that it :J:.s .n·~cessary a.~d. ciesJ.:-abl~ tnat: the i.n~i.a:.~e 07.' ·$31 000 1 000 ,..,,""'''y·""oal amou~t; c'~" sa·-~c. C:Lt-.... op 'Pf 1 0 J:lto :.lo.:-D"it;·~-: 3o ds o·:' ;c,;:l:.; }ot J..,, J,.. • ,_. J.""' . 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S:..1ct llo·~~-c,:; zh.;-~11 p.rovic€ ·:r,a'c i.::· sa::.c. bo~;(!t:: are ~-iot prest,:!;,t.e·.J. :J;. oJ.' before t!1e ciat2 o~.:· ad\t·:_-:;·~ce Dlat·urit~r~ t:t1c ir~-:.:~2:'es;; a~. s~:c~~·l b-~·~~-:ls v:~ll 'I CttCtSe •. S (::£llc r; 5 . The Mayo~ or said Ci o~ 1a~o Alto 2 .ti ~~c Tre~s- ur•:!r o;.' Z::!ld C~. ar~~ ~1crct~: au~;t~ct:'iZ<~d a:~;i {J",;~:r·cc > .re -~ t: vc ly as :.::.~c. o~·r·.:cel's .• t:o ex-:.:c.:1te e~:cL or ~:;a'lJ. oo;:d.~~ o:·; bc:~1;::t} . .:· cf sa.~d :;~ J· 1:,~l(1 ti·~,~ C'l·t.y c:~c;:r~~~ cr 0 .. 1C or· ~~()l:''e 01l ~t~r ~~~e t l ~~ s , :.. s tJe r·c b:; :, ;:~utho:::~:-z .. ~d onJ ·:~irect£"!v to cou:-::.1;;crs.~C-· eDc:J o:.: sa~G oo;~~z r.:.::t.i i::O t··~. ;( ~ ot·l:·:.r;:~Zl t~ca~. o1.·~ sa:tcl ·\~;: ~~~·,t~:c(~to •• ~o.-~,d I~·:a~'<Jr Q •. 1\.:i Treas- ~z·c:t' o.re here ,~·-=r•"· ~':lo<::'·,r.· ....... "-'~ ._. -=>· ..,..,.., ...... .,., ... 7eu .. ; -, .... c':l··<-~ .. , ..... ~.~ ..... "'""• --,·'-::-_a-:···~ ... e....,.~~,.,\;iv\.O.o.,v·\. ...... .)1 '-''-·~t..I•J\,.t""'.L.w vv ~.,o;,v,_'u .::J.~ .... "'"' ...,;v • .l~ ..... w to. s·~ a. ~J~-· tt·~e~r :·,(·~·!.~-: , l'l.thoc:::,a~!tr;ed or et!;£;!'::!•Joci r"'acs~~·llc S :t.g·r:~ tu res. S,..:ld 'I-:ccasu:r·er ·.:..s t;erc'o~: awthOl"ize<.:. :L:;.:i d~.!'ec.te..:..,;_ to Sis;r1 ea :;~l oi .. tr1e i : .. J.~e :--a::. t c 1.)\..! ~) ~J~ ~s ·o, .,..,..,...1 .,t., ... -l·''""h .... ...:.,.,:.: .. '-'~.-. O"" .;; }.,.., , ... J. .. ~;".l~ .... "•"""'l·· a!.; .... e...... .. cif;ra ved ,Ca.c·s i:;;.i },t.; s :Ls~·~s t~re. St~(! h ~ ·~::.!1(;1 co~~·,~te~s .~~ .. ~8 ·"'·'·­...... S€•:..1:.- :~~s as !'"{~::: f.J!,..rJvideJd shal:}~ be a st;:."i~~.c:c.:"c a~_.it.~ ·aj.~hc·~.~.c: c:·~ec:..ttio~~;. of s::~id bo~~ds a.::C.. co~~po~~s ~~:r" satd G l.~y ~ ar.d <=.J.lJ. st.:.c~: s::zt;.a: ... ~r\::3 a:~~l C'"< 0' I~',.._,;:-..,-.,,~ ,.f r'<' <''\::;::<\-I' •,.-,,;-, <::. • ._ .. A v.~ ..... \. ~ ..... .t~ ..... """' ~~ ...., __ '-v 1 ~ :<C t2 ~-' t, .y t!~Ja t \)1.~ t ;1c c:i Clerk or i:1cr c.e:x.;.t::.ez, m',')-, ·o·P ..... r~ .... -.... e.,. "-~ •·r--of."·~"'"·'•'··}"~<=>r;· ~ I,.M. ~ ;, ; I ~ 4 ;_ ~.. ...-, ~ J • .r\o \,#., J {~ .-. ·:011t j/ -.J '¥ ... ~~. or e:~gr;a • I::;. case · a.A~·· ot.· s~c ;~ of£''5-- ce::.·s· w.ho~e s::.c;::atu:rcs or COI.:.:nte::::·s:::;nat~.J.re~ a;.pea:" o;~ bct~c.s or cm;~)O~.s s ~;all cease to be s;..;ch c)f:"i ce r be .:Co:::e the d.e 11 veY>,, o.2 sue:: bonds tc' the purcha~(~.r, s;,.;,ccl si.g:~a:;~re~> or countersigr~at1;rt::o sha2.l. -5- ,._ .. 2 .. n as 1 - L.e·verthe·less we val~~~ a~·:~d s~~~· ·c:!.e~ .. t . .:."*o:-~ ~ill I2·t..;:-'~~~os~:!~> t~1e sa:~<:! as 'i·l-. tC.:~~' ::13\:i rcmai.··~e·~ ~#~ •• oi~f'it~C ~ ... i:il t;t)~ de:·:ver;,,-o.::.· t~-:;e bcr~<!~1'1! ~p.r.'~?"" ~ o· ...... o': ~~~.,_:.:_.._. .. ~:.'lor 'Cr1c p~r'pose o.:.· :~.:::.Jr-::.:.g t(~C l):':!.Y,C i =~ ~'71 • .., r~ '-".l ... 'wi> .• .... . _ .... 'JJ<;.;.~- es·t Gr~··~· z:::1'i;j ~o·::.ds, the C:'~ at t::~ ...... ~.~··o fw .... t~tJ .. ~ 0 f f., l ): ~; ·~ t~ t ~ (; Go;.:!'.C t:·:e Gi ty of 1.:) Alto :::r.2J.l,. ~al tax l<~ a~·:d J.;·~ tt"·~~ !:1.a::r~e::-· 1-.or S''('t· r.:l(:l'l',.~al i.:·aX V'/ :··.,.'OV-ld;;;. l.:•;;v a···' C·~-:·l·"'f'""~o :.:l ""''::-;ll'· •"='O~c·~ "<2'!.1:"' ...._..,. ~ Q ,j,,•lllfl" -.... ila.r!;. ....,. ,..,.-~ ¥' ILl ... ~;ol'. v-. \;,....,' 1 ... ~~ ........ ,J """"~ .. ·,1 ., '""",4 ur.t:.~.l sa::;,d bo;-~(ls az·~e r):::l~ttJ o!·~ u:~1~J..i tC~e:~e sha:l oe (! st~w. -!.:~ ~i;c tr'c:asury of s.air:.::l Ci'~~! set. ap;~1rt fvr. tha·; pwrpo3e to m~~~~t -3.7...1 :J~r:'ls com! d~ ... e for pri;,,c ipaJ.. ;,~~·•C. t..::rest ():• s;;ch bo:·1dS; a t~x s.~.:.~:'i- c. J..e ~·:t to pay a:::;;ual irtte!"est c.>:~ SLl bo~1C.S as tc~e sawo become due; ar.d also s~ch part of ·~:)e pr·; . .-~c~paJ. tber~:-<1.!.' as sr"!all become du~ be:Co::>;: tile :;~oceeds o.i' a tax levied at th~,~ t;::.m~::.~ i'<.?:" ma:cl.~:g the r~e:xt gt.~rLe:-al tax levy ca.~·. oc .~o.de av1::..l:.::ble i'or the ·K~lC:~:t ·o:, su,~·z-:- pr:!.:~c~pal. tax shall be in addl. t·J.<J~: tc al.l othe.r -;;axes levied foro ~:.:.:·.:cipal purposes a;;d sh.all be col1ec at tt .. le z;~::ne; t1~e ar1d. i::: ~rie Sl:!.:le mat:ner· o.s o~r;er m:;r:ic 3l te:xes .::r·e collected ai~d oe •.;sed i'o:r .,o oth(~r purpose ,'i the payznSLt Of' 33id. bOLC!S a.·"d ~CC:::'t;- ·::.:·:~ :t:~tel'·:st. !:':.;rL:. taxes os -::;ollected !::·t:cll b~ forthw~i. th :)aid ::..~-.to ~he fund for wnich t 2.~=}rr.(~ ~·<~rie levic~~L a{~d collec~c~w. :.1:1d )vr~:..ci:. si:all bt-e -;..-,,.,' •"'~ """··r:.r'< ll i.),..o"i '" '·I tO t.:Q"'•" .• .,..a~ p,-,, .. ,.;; <::-.,.''(. tf a'"···· ,..,.~,~,.,;;..,.,._,l.:.>~;..;;..'-'~"""' .... C~\.; ...... .,......._ ~,. C.:. • .'.!..;... -.:..1\rl&ol,• ..t.''-"•.4. ,,~} • .1."-oM a . sums to b.~cone !'or· t~:e IH'L~cipal oi :;:.~~d i!~te.rttz.t e:· ... s.aic bc~:ds shall be )a!d such f't;.~~: .... There sh<Sll 2.:kcil·.i.se be d·?pos:. d ~L t.~:!J..d i~t::~-1d ar·~:r ::1o~·1e~rs :-weceiv,~..:.~ o~·~ accour:t ,_.;.""a:.:,· ;;·!"ar.-,'le~;: :>.::.·: .. do~·~ sa·2.c bonds a;1<l i.:rterezt acc!"ued 1.:n1 sa·id bc.·ld~ :Cror: ·the Q..;;:·;(! to the te of· delive~y a~d actual ·:~ of' t ne rchase ~:.rice t.bereof. ~).or-. ]. The p:::oceeds of the sale cf sa Sc~i.t~S tt:;.l: oo::.dc ~ 1 "·e· -i"~·J·o~ .. t-.:::.c~ .: :·· ... h~=oo ", O';:c, Pa1 o .. ..., . ~ l ..., J. .., ._. "" .J., .. • 1.,.1 .... -',J. ,.., J _, -to Hosp·;.t;:.:l Cc .•. ,!~t.r~c~:o:: iil"···ld II r,'! 1C m,.,eaS'' ,...er "'hall lrr.•·e'') a ')")e C()''"d o·:~ J..ht!> a:· i ... b•' 1"'SI'.>r'le .--'..""' c "'' ... \A ... •· •• \.111.-w. ·"~-.;. .... -""'""' ....... ~~;J~ ... ';.::;:., ..... \,;tr.,/1 ... the proceed~ or the sa of the ;~3, 000, C·OO principal 2r::o:...::lt o~· ,.....~.~-,,1 .... ~-'" ... Pale to E.c:sp:i. tal Bc~~ds or 2955, Cel"i.es t: r o ....... \.-.. ? ..,., ""' :...-l .. , , o ~r.. ,_ .~ • , ,..., \ -.,~ .. -..;;,"" :, •• ~ ........ :., • ~ .,J.._.._ "' ..... a~:d acc!'u·:d ~--;~terest rece1 .. o:·~ t::e sale of sa·.i.d bo~·;c::.:.), a;·~a. St.;CrJ proceeds. :r)iJall be appl::.ed sclel:: t;o t purposes a~d objects s9ec1- f:.ed ln t::1e propos:Lt:.or: set forth ::..::.. Sc!ction 2 of Ordi.::~at~ce £.:c. 1683J -o- - . ..... . :''', ... ' ' '•. ,•• . ·:. ! ' ' - I 1J !/. ! 0 () S.t _, rl !,.; ) ... : ... ) ::: I 0 ... ,p CJ . 0 ··~ .. •::} c· l ,\ ) ... r. t () 9 ... ~ ,-. -. 0 0 0 ;.J .. 0 ~l .. ... .j j (l ... " ;.:> :J 0 0 ... r· i I c~ '3 () ~:) {I) Q ·~ .. ..._, ;5 0 .. : ~i 0 ::_J 0 I 0 r 1 ~; )::.; 0 .... t .,i .-.. ... t'l rJ c: f.; .0 \') t~\ .6 .·~ .J ) 0 tl) 0., . ['} •;) :-: p Ill .. c 4-) 0 ~-> .p .... >-." « () '0 ~. 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C I co I ; • ; a x EL~ ,; _. c f ~"" ~""""( M I LA 24 t •• ., ~ ... :.. b .t ~~.~·ere~·: t :'a tc s o;:· i: .. ~~:r-est o, .. i.i ::o s;:= 1-~ t r~ tC-s ~::--::'E~s.9ec-v ·: v~· c:' the l!~at>~l·i.tie:: ci·, s~_:d. bo:-.~ls. ·:r·~;f: :.~~;te1'0St x·a~e s·t;a~;ed ~~~: -chc L1::..~ ::~us 'C b ~ -: r:; mt.J.lt l.p:.e s of o;:~:-t~,re~·!tie t~; o::' o~·.e -o::.sh t:-~ of' o:~e per ce .. t. ~)er 8f :~ ~~Ur:l, r)a~!t a Ole~ Ser:li -a:·A::u a J.l~:/. 0 ~ Vl-f.'::'~r·M. • r •. ,-J' -..-.. ~ ·~ill 30~ . <:' • •• -, lbJt. .. ~ . .. ci .. ~::c.~:~ ~~·!a ~.~··:.c\.:~est o:~\ sai.t~ t)o~:(~s 1'e p~ja';:;l~~ ~.:~ la·~~~::·~: ::~c:J.e~' or~ the U ::.i 'CtH! 3 tat\: s of .t...::c r ~ .. (:.:.:;, 5:~ ·t:::e !:.~10 r:L c'-1 •. T:·l~s t ·8o:::.~":a~ 1 E2lC· Al·~o, Ca1:l.f6.:-::d.a, o::.:· bJ os)t.io:; ~~~ Ch~ ;cgc., Ill~~-·.~c;·:.s~ ~ .. :-:·, 0 .. •'·· t~~e hold(~r z~~t tl10 ·:;:tt:i'S ~c~l ar:;e~~t~, ~~':'·~,..~ ~:.,or~-: 1 i\cw Y~·:r'k .. REGIS=t.Y~filiC~·J: li~~ OF ISSUE: :o·:-.,,.~ lo.,.. cc··s-~-..,, .......... ~ o· · ~"' .... """"'/ • ~· t.t-\,\"'-" w""'" ... I','-.. ri.J.. ... o ... CO~l)O;~ ";;)Q!'~(lS 1·\1il .. l be isst:~:J~l t)~/ .t~:e c~ t~/. s~Jc :-: ·!J,~ ... ,~; s G rc :"ec;is -:e rable o!·~l;/ as to boti'l ;rri!"~Cipal at.d interest. 3.a :l..::l oo:1c!s are authorized. !'or the i::::;,ro-v·e­ :ne:.:;; of the n~ese:-:t Palo Alt;o Hcsoit.al -::. ····.~;·w ;.Jc . ..:,:ryl~-; .. -: ...,,.>:lu.·'~"~·"--;, .... ,~k,, ~"'~·.:. o:··· p .... ·lo "o"' • h. ~ ~ .:· ..... v w. -· u t,.... - - -"" •(..;,. -· • • 'wl ~ ~....... \J ... ~ ~ ,; .. .;;. - SEc~·~;FJ' .. ;Y: ..)._, :L \;·· ~OC)~ '1{:is a r•t:; s~~: l.~.l~[!:!. obl !t;a t~ .:or~s o:~ t ~·~c C :. ~~. ,~.:*\ ?al.o ~.l to~ ·a1.d tr1e CIt;~.; L~c~\.!..:~c-:1 the:reo .. · h~s pO'vvcr U! .. C :i.s ol::.l ~ ted t.o lev:I ac! valc:::~c:~r. ·:;axes f'cr tr-:e ~n':le:-:.~.; o:.' ss·l.d bo~~d:3 o.:K;. ~r·,e L~tcrcst :.hcr·eQ:~ ~poi·.· oll )!'O>.Zrt,:; \'l'i"cf·Li ~~ the C 1 t:/ o:· lo .P~.l·~_,o t; u bje c -c to to;ca t·:o_:. D:. ~ 3 ~~i ~::. t.:/ (e:<oepr; ce._x·to.:t::~ i.~:. bl{:: pcl~so~·•~.l ~;roi'Jer!;~i ;"•!:~ch is -ca~-:abl.e ct .... ..,.. ...... ,,. .. ,,~ .... ~,.,) ·•'"'·'"c·;,. 1-f,,:•-~ .. ·-··o,·· o~·· .... ~ .... ,or ~1"10" .... J,. l.1 ~ ~ S, ~/ ~ ... 1• ~ ,... ~ 1,., i_;,. ~ lr\ .t'.. V ' J ,1 \,<'I, ..._A II. .), 'V..:,.. ;_, J. .. j J. ,.1., a '~• (;,. <;,.;;, •u V • .o, ...,. 1l I..EGI!~L (J?:t'~ll·J~~: :::-~f:-le~~al io~·~ o~~ z·,:e ssrz.. c~rr-1. ck 1 ,Ja~ .. l~·- , q u :: ~·. ~, l~e · to. ~ & .s u t c l ::.. .l ... f. e o :r s ~: ~ l~ ='a~~- c tsco, Gc.: -:.l."or~i.'iD ~ .::;.r_:.l::·-ovL·.g t:·;e val::. d.:!. t;y o:::' s;:1i.d. bo::d.::;; w111 be !·u.r,~·.:is!;ed tcJ ·the St;ccess:::~u~ bt.d.der v1-: ~!1ou~:. c'r:,~~.~sc. ].'B!t~:S OJ ~ HIGFL:~~sr~~ BI.LJ: The bor~cls w11: be a~1t:rdCd to tr:e ~~L·ls~>c:st a!·.d -(,~;;-1· 'n·~(i(iA"' o·• !jl·tf':A.,..:·-:o~·r.>~ ~, 0'"" ::', ,":lt: 't p '""·~~·.··~ . ._.v-.Jv ~J.,...,..'-'.., •• •• \;;i.••·•\t..AV¥-J:~ .., ~ {;.loy ...,,.._ v .... -,, - opt ·lo:. i::OLlS ~.der:Lrlc tbe :Llt~~ :..'cs t rate or ra t~e s opec if:Lc cl a;.-td t:.(1e l)r.cr:.- 1.~::1 o:':'eredl! tf a • ?he ;. ignes~: Oid will be determi:~ec. b;:v· d<.:duc"t;i.:~g .... ~.l ...... -::.'""')u·r~·~ ,.._.b ._,,.o ··J·r,, .. ~ .. )1ri1 )··:,~: (;" ::.,···) ~"-"''0,..... .... ,,=-·'·oi·al "'l'l'O·u.,..·.t ,,~, J-.~-.. ,.,.,_ \r\ ~ t-..J,l.l,,, ~J Y .._,Jioo J,...,.,...._. • , ..,..J.L.i . ..l..~· lw ,._,'•""-\ .._J.,. ...,.,..!,.) -rl. ,j,.,,l. \,;f,.J\., l, Jlf"f.. t,J. .J. •• J .._.,_ A ""'L.o'"'"""' r~'.:tt t•T"'' c·r, ...... :::; ·'"'1 ~., .... ""!o··\··ra· ·o,., ,.,.0 0''·:y,e'' l--o --,c:~·: .~.·· ........ ..,-r: 7:r'··~ .--la~M .... o .. ~:::.·~c• ;~,o···,··~ -,.., l\Y ll II• ~ t I '\_.s 'o • ...... -it.,? ... ~ tfdl ~· #'P \JII( .... "¥• M ¥ '"• \.,.ta ...... fllrll ~ ~ ,;..; l;,..\ I) ..,. '\w4~• W a V .._, ¥.,.,... -llfiJ--..... lol IL .a,"""" ..... t.ht:·. ·respect'lv·;.-m.att!rtty d~tes at tne coupe·;· rate o!' rat·~.s S?cc::r:.eci :t;:-. tbe b:td, ar·.d tho awarod ll\:·~ll oe mad·:! c.n -:::he oas:Ls o:"' t~:e lowest .·.et i::n.:ere::;:t co~.t to t:r-~e "' ty. The lowest ~·.et 'i~~tcrest c;:,st shall bt; com­ ?L1 tl3'•J. i!etvtec:·:L the <ia te.s afbr<;: sa.id a ceo rci~:.~:g to '..;11ir"-:,y-da~f mo~·.th s ta:·:..d.­ a::-d fot.::"' decl.maJ. n~u1:icioal to~ld i~~ter.~st tabl·Z)S,. Tbc :n..:rchaser r;:;..:st; 03.V E'C(' '"'UeC1 ~ ., .. +-er,P•''"' f~o-t (•e ,·h~·e 0"'' the boJ:·,, ":• .._0 ... rq:> ~ ··~a.-..e (.)'..., 1 ~ V~,..,~ . • ll 14 ..• ' ... -~<-,.1!~ •.• li;Jf..l Jlr .s.... ·-..... ~~~,~' .;.. ... • .• ~1\,,jf l..t '-'·)..,;< • .,.. \; -..... _ t_::..,.;. RJ.CB.T (IF HE"~.n::cTION: TrJc c·1 t~·~ ot-· Pa.lo .t""l to r•ese!'•J.es tr~c ric:;r~t, i.·: ., its d~;.scret:!.or~, to reject a.;ly .~ •. ,c.:. all bid.z •.:t~~c. ·,L:.r.rcg:u.l.arit~· cr inromal: ty !.:-. a,::_: bic.. to W::i!'1\·~~ ar'.~-~ AHA.:."\D: The C~ ty Co\.<~:c~·~.:i. of t,hE~ c.:.t:r oZ :':'':.:;lc Alto w·.:.1:. t.a1'1":e tton aw<=.rdt:1,S the bo.:ds or re,1ect:n;.; all bic..s :--.o~.; 1~". t·;::t• tha :::. twe~1t;;r-four L·;::>urs a!'te:-the ex:>trati o:::. o;.," trJc -..~r.:~ ~t:!'e.;'·,.., "'Yler.-, .. .;.,.:r.~. ,':\o ..... t'"r.:. rPc.o·~ 0 1" ·•J-'O""O<:>a1s ~ V..l... u...,. l. . .,I.. At. :tJA. '}:'v~ ·-¥~V. .J.. ...., :a.J~ ... ·""''--,.. .+. ::; ~ ..._ • DELrVE:F.Y OF BONDS:· DeliverJ· of sa·:~d bo.:-~ds w::ll be r.!a:ie to tt::;; , -• -:::o•·c·Ce'"'~co,,l "o":"1(;P"'"' .,...._, "-he Q'f'~·'Ata 0~., ;...hf·' ·""'·~t . ...,..,. .:;...,,~."" .._-... ·-~ a;.. ..... _ .1. .L~.....,. .._ '-'•· ~ v .. J · ~:rreasu:rer o·f: the Cit;/ of· ?ale• Alto as sao~:. as the b'~:-.cs ca.: be pr-e- _..,.,.. ..... e-; wn· -~en' , ..... ;.,;., ··~ ..... +-:·;:1':i"''e'~ i.rii'' ......... 1''-l"'""''"'"', thi,.. ..... '30\ r'a',"<:" ""!'0'"' the ,yO.I. '-"# ·~ J.Y _;;::. r.;;;~!,,..J,,"""Y.,.. "l ...... ~~\;:; ,,_, .. ,, ... ,. "''-'.::/ \ ) .,.., .I""' .l. ...,. •• date c.f s.::.:.le • RIGEr.r CF CA.~.>.;CELL.AT!Ci:~: Tho successful bi,id<~r sh<1ll have the r:!.sht, at ----his ·ootio~~. to cJ.:lcel the coritract of :;l;rchase ~ ~ . -0-.,. . .1·. ' ~' • '" • •, ·.' 'I ... " ~·' .'···.. ::, • ~--... '~' .··:' ·' ~ tf tr.-t: Git:,; s:-~all f-::.il to ~e~~.der t~"le bo~:ds · ( 60) da;;~s :·rorr. · tile :ia te o:.: sa J.e, a~·~d -~-ucce ssful b:!.dder shall b.: ~!:~t·t tle~ to tcH~ i"or-· c.el:t\,~cr:t 1r;-:t.;~i~1 ln sucb eve~t, t~e return the dep t ace om pa::::,yir.;g :: b~d. r.:-oFJii ~)fl 3ID: Al.l :.o-tds :::.~s~~ oe .ror ;.ot le:ss ;;~~a=~ ~11 of' --· · the bends ~,a;;->e o;:te fo~ sale a~·.d ~·o:· not less t~~a1.;. tbe r~ar· v.::lJ.e tnereo.r acc:"uc~ int;(O:J"est t.o date of delfvery, a~·.c. -vogether wi.th bidder•s m.ust b .. ~ e.:-~closec: 1~ a sealed e~velooe acd~essed to ~l of ;he :it; d Palo .~l to a:;d ~~:·~o.or$ect :: Pl"'oposal c P.;.lo .~u to Hospital Bo:.dz · cf 1955., 3cr-~.es 1 B r IJ 11 All be acco:n:::>a;:~·:.ed o:.; a cc.r-:.:.:.~:l.ed cc;eck o2·· cazi··: r 1 s c 1•• the sumo:: ..;>lo,ooo .. oo .. ~Jay- able to -::.be c:::'d.er ,;;f.' th.z: C'i.t;y Treas;~:-of tkle Ci c:.· l1 ~lc .ll •. .:..tc., to secu::-c the City f:;:•om al~:J less re-:~ul from. the ra~luro o:"' the bi<ld<: !' to cor.1pJ.:_r· wi trJ the terms of ·:'liS b ., 0he~ks .;:;f the :.:1~suc­ cess~ ~.::1 biddersilv·'1.ll be returned. uoo:--~ the award o:· tb:; bo:jds. No ·i::tel est t-lill oe ic~ the depos:t t made bv ariJ s·Jccessfi_;l biti- dC!<t' ~, .... ~ \,, J., Pil\·.AJ~CIA~ S'l~AT.SI~z-~·T i*'urth~~r informat.io.-relating to the f~l!a~cio.J. c of Palo .!tlto 'w'lill be fLn:~::.sl·H:d o.~ req:.zest .. t.:o .. o:.: t~:e Tt.icre i.s ~1u cor.tro·J~·rs~· or li t·ti:!,a'.;;;::.o:~ pe~.d.::~1s or thr'2u'~e~•e;.~ tbe validity c.·f trJe 3bov~ issue, tE~e cc!'p<J!'at.•~ ex::stc::ce or the t1t1~ of th& ofr:cers to the~r rescectlve offtcea, -:.• f'--V.r·:q·t.' +-,o t'r:.1 ~,,,..c~,.,~1',-,., 'o·~rl-·'·":r <"~ ;.o_ .. _.,, -i--'o··· . .,,.. ...,.\A,...,.,.J. ........ ~ V ),.,. iJV't\.. ....:,;..,;:,._,_.,_J,.. -.\.,4""-4..._. ~ ... ·~ ,J.,.. wJ.. •·• cer~c, cer~::.:·~i:l.~:g tc.~ ~t~~ k,orego~~:-lg~ as oi' ~=~d a~ tr~,~ .rci:n.t.:: or tl~le deli,rer:'l the bo;·;ds. • _.,_....,l"i._._,..,_~.---1 l (t • ... __ I·II1~ IF?ED KIDD .•• ..:.!.#.i Clerk of tt;e CitJ or ?a:i.o A:.to State o: C~lifor~ia ('.:;,.c+-":t"'·· iQ fil"n·:~, Ol.,.:.·,·,.~:.·c·~ '='rJ'"'·"'~', l,.. .... l.e c·"' 1'''""0,...., ':1·,-l -~.,:· ....... :..,, !:-""-' ....,. ... ,_...~. •LJ..t..;;) • '-'.h.··•'-"•• -.. IIIJ .. io.'l. ..... ""~J-"\, "" -•• uJ. ,_;,......,. \oft• ~-• its ;;;as-sage a;~d apE)roval. ':lb:{:;) ~ bcve o.:~d o::~d.:i.:·~-3:-*cc: ·~;as dw.l~i u:·:J. ~~cg\;J..ar ·l.~:t~:r)o- QUCI.=1 .. i Z:.:!d p.:!S$8(~. tn:; a lar· m;.;e ·~ ~-..... "' CrAl;~cil o:' tnc G~Ji; o:· p 210 llo.::. to 0~" r1ond.:!:i, . t ;·j~~ 26~-:;h 0 •.· A'1HY"',~+· ~ ':i=-... t' :, . i·.>l•'. .. ~-"''"' .; ... ,;.,., 1 '"'..; '"' ·- fell·)';:;~ :.e vote: AYES: Byxb·~e .• C:r·esap,~ :r.:v.-a.ns, , M!tche!l,. F\odger·s., S~ephens ,, Wood\\lrd. 1s, Porter., NOeS: Ncme. ""c'q --~-'m :S-~" sh-:"1!'! C""'.,...co--D 1 a-r """'" h.::x:;...::..j.~.: --~--$)1 ....,.... ..an, . av .... .s, .~.t.~..:. .. AT.!.~.J.~... f""'t""""'f '\ffl •· · _.....L~~i1;2rr;·~re::ol -liJ- --·- 1 . t