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OP..D-IN.ANCE NO .. 11.22
A..¥. O:RDINA."{CE 0? TrlE CITY OP PALO ALTO
.AY'.£NDING SECTION 4 OF ORDINANCE NO. 1754
:'PROVIDING ?OR TF..E ISSUA..~CE A..lfD SALE OF
$3,000.1!000 PRINCIP.A.L ~"'ljOUt~T OF nP.ALO ALTO
HOSPITAL BONDS Qli' 1955, SERIES tB 1 n
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·$3,000"000 Pri.nctpal Amou:-:.t •c-:..ty t').f Palo Alto Iios.~ttal .Bor~~s
of 1955~ Series ns"• (being Unis3ce~ Part of an Issue of
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Forr.1 of sa :td Bc;.r!c!s. al;.cl the Coupons to be .~ t za.cho;<i the:re to; .l?'J. x ::·-s
th<l · r.~ax:;L:cu:m. Rate of :Interest on said B<)nds and ?rescr:!.blr~g the
turi t:J. thereof; J!:.uthorizi~"'.S the E:x:e~.ution of said Bonds and
Des1gna:;1ng said. $3;000,,0QO P::t•incipal A:a'i.ou:.t of said Bonds as
Series 'B' o·t sa:td Authorized I~sue and Directing Nctlce of s~:.e
of said Series 'B' to be Given:." here
lows: ~
:!.s amende~! to read as .fol-
Sect.icn "4.. Said bonds of S€:ries '1Bn shall each :Ce
su::)stantially the following for•m., ·the olar.J.:s ir:. said
t'c:r-m and . tbe form of coupoc: g:;. ven bP.low to be filled
wit:h appropriate words o:-f'lgurc~;.t naA:ely:
UNITZD STATl::s Ol'' P-.~'-SRI·CP.
STA'J$ OF CA.I, .• !FOfmlA
COUNTY OF ~~A:.'IJrl'A CI..~&\
CITY OF pp;:.o ALTo...J:fS)SPIT.;r,.. BONDS CF :955
SE~~I~L..a
tiC,. B_. __ _ ~1,000
The Cl1l"Y 0~' PALO F.LTO~ a mu:•1Cl 1 corporat-:on, orsa~;-
1z~d ar:d extsting ur~der t.he Cor:st:itution and h1'nS of tt)0
St::lte ·a::-Ca:!.iforn~:..a, .hereby acl-:: ,owledges ~tself' i~debtea
&11j for value rece~ved pron:lses t·o pay to the bearer (or
if. this bo:~d be .registered, to t(,e registered r.older.
th·:I·eof') O!; the lst day oi: Octobr.~r, 19 __ (if tbis bo~·.a.
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b·= .callable:~ subject to any riett of prier red,;mption
i1 this bond herein.afte::.· expressly reserved), 1)~1:':
DOLLARS (:Pl.,OOO), t.ogether witb interest
at the rate of
per cent per er'..:;,'"'lmn until-paymen.t of sa1d
sum ·:tn t'ull, payable s.emi-annuall-::,· Oll the
of April and the first day of Octot>eJ:-or
year.. Unless this1 bond is registered.,. SU<!h
pr'lor to maturity 1 snt::ll be payable. only
presentation and surrender or the p:'ope.;.' ir;terest
hereto att&ohed: as tbey respectively CE!e·ome
d:.;.e. Both 'the princ!p<:tl. ot and 1nteres.t on tt;:ts bond
are payable in lawful money or t;he Un:t ted. State! s of
A:ner.1ca a.t 'the A:mertca:. TJ0lSt CClmpar..y 1n Palo f:.l'to;
C~l!1"orn:ta, or bi opt1cm of the bolder at the City's
fiscal 'agen:c 1n Chi·~ago, Illino~:s, or New York1 New y.:;r~. .
This bond is one (>f.' a duly authorized issue of
bcmcis ·of said. City aggl~gating .four million dc)lla:r.s
'{$ .. ~,0. qo,.o.oo).· 1h principal. ·.amount .. all of' like tenor (except tor such variJt.tions,. 1!" as .ttay bE! re-
quired. tc: designate: :var;rtng ser!.es, numbeJ:•s, matur-
. 1t1es or interest ratefS) and. is issu-ed under cmd pur
suant to the Constitution and Statutes of the ~tate
of C'al:t.forn1a, a:nd und~~r O:nd pursuant to the ()rdi
na::ices a.:;;.d pro.ceed1ngs o!' sa~o. Ctty duly adopted and
taken and a vote · az1d a~~sen.t .of :aore than two-thirds
· c~t· all· .tb.e q~Ja.l11"'1ed electors oi' said City vo1;1ng at
·a· t.ipec:tal election duly called c:~nd held for that our-. pose,. · -
. It is be reb~· certif1e.1., rec.:i te:.i and declar·ed that
all acts,~~ .conditions and things required by law to
exit;t., happen and to be pe:rfo::'lllt!\.i_, precedent i;o and
in the 1sau,ance of this bond have existed, happ.ened. ar:.d
·c.eren pei·f'ormed in d:ue t.1me, f'o.rr.t a.r.d manner: as requtred
b:y law, a;-id that th.e amount ot: th:ts oond1 together with
all CJt:her: 1nde'btedness of said City, does not ex.ceed any
l1m1t. prescribeC. by tbE~ Coneti tut1on or Statutes oi" sa:td
State, ·uno. _that p:r.ov1ston has b~:en made as· requ'!.I"ed by
t'ne Const1 tu'Ciein and S1;atutes of said State f. or tbe col
lectio:n of an ~nnual tax suffic:i.ent ·to pay the pr•inc1pal
o.f ao.d interest .on t,hi~:s bond, as: the same be com~;: due.
Toe full faith.a:::.Cl c'red.it of sa:.d C:tty are he:t~e::)y pledg.;d
±"or the punctual :·payment of the principal ar~d i.J1 terest of
this bond. · ·
This 'bond may be reg1sterec. in the ma::.ner provided
by law., and thereafter the prirt::.ipal he:L"eof and int~:~rest
h·;reon sball be payable only to sue:: :r-egistered ow::-.er.
IN WITNESS. WEEREOi'', the Ci t.Y of f'alo Al t:o caused
t:11.s bond to be executed .under t.ts official sea:~, signed
by t ts Mayor and its. Treasurer ~.nd countersigned by its
Clerk~. anci bas caused the interest coupons here1;o attached
t.,:> .be. signed. by -1 ts Treasurer ar;d this bond to be dated
-t:Jq: .lst day· of October.~ 1957-·.: -""' 7 1 ,:? ~·
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C ounters:.gned:
MayO!' or the City or Palo P.l to
:e2:Su~:eFO!~:he:'"" C 1 t ~r of ?a l c .Alto
Cft);· c':.:.erk of the City of ?alo Alto
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I. F i I" :q;; lA W ¥1 < U . .·r• -· '; • !\, ,'-. . ' r ~-~ '· .::·t.· I. I. . £2 a : : &S • .: : ·c~. -
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C O~lpO:~ ~-~0.
On the lst day o:t· _, 19 __ ,
tbe Cit.,· of ?alo .Al.to w:Ul (unless the withir:.
mentioned ho.nd reg!St(:~ red) pay t·~ bearer
in ~1a11Jful r,:.oney .::;f tr~e U:ll ted States of .Arner
lc&: at the .~.mertcan Tr".::s ~ Compar!y 1.n P~lo Alto,
Californias or by optic~ ot the holder at the
Cityts fiscal agent 1n Chicago, Illin~ls, or
New ·Yo:rk1 Ne~1 York
---Dollars $ --beir~1x montbi:-1 lntere~:t then due on. tts
~Hospital Bo:1d of 1955, dat.ed October 1~1957. NO.E __
Treasurer of the G~ty ot .Pa16--Al to
If the City elects, afte~· advert~.sing for :J1ds 1 -co
issue callable bonds;~ ea.td bc:~d shall co~1ta~.n the followi;~g
additional paragraph:
nF 1''V., 'oo""'·c.· Of' t~·t .::-Se···-~ e"" tl=l.l m-.:~"-u.,..,-'! ,,,.,. ":'>l"""'C'"' 0"tO-... •.._ ' 4 * ...._ • • ,.,.. t,t;J A ..-"""" .ilwl •• ~ W* ., J. • Jo.C,l W · V ~"' '¥
ber 1,. 1968, may be :!"ed.eemeci a:~d paid i~l ad val~c~.~ of
mat~,;.ri ty upon t~:e : .. irs t day o:.' Octo be:-or Apr~l in o.r;y
year after October 1, 1968, a~; tl1e optior-~ :.:•1."' th1~ City,
by· gt v1:1g r:.oticc the:reof' :10t :Less t::-:.3_:, thi :::·ty da:;s nor
more th2n ninety days pr-·ior tQ t:he dat·~ of rede::lption
publica tio.;~· o~1ce a· ~~eel!: fo~~ three succesa1 ve weel<s
or~ ~a~1y business day the \·tet:~k ir~ a :1etvs:;:aper ger.-
e:::ral c.1rculat1o~·~ publ shed 1n the Cit~,' ~'Jf Palo Alto,
Cal:tforn1a, a;.1d: by payi!1g pri1:c~.pal and accrued ::..:-.te:::-
est1 together with a p:rezn'iun; of one-eightb of 0:1£: pe.r
epnt of the pri:~cipal, for eaeh yet...r, or fract!:<>n
. t:hei'eof, from ttle do.te of red(;:rr.:ption to the fix~·d matur
ity date of tt;e· bonds so called for redemption t'ut not
ir... excess of t;..,.Jo per ~e:-:.t c£ the princJ.p.alJ provtdeci t.hct
if 1~2-ss than all o::."' the bonds then outsta:•d:!.ng a.re so
called for redemption, shall be .-::alle~! onl~· 1::. in-
verse r..u..'ne.r.ical order. Such :;otice shall p~ov1c:e that
if sa~:d bones are Dot. ;:resel1tt~d o:·! or before the date
of advance :naturtty 1 the 'ir.~.te:"est o:: sueh bonds will ·jease .. u
S0ct1on 2. Thts: ord 'l.n..:lnce sh<tll take effecr;, from and c-:fter
it.s passage a~id &pp:-oval.
···l'he-above a:-.d foregoing ort.i1nance was dul,1· a.nd :'egula::rl~· intro-
d~;ce·d S:1d passed -at a regular ~eetj.ng of the Cou.r.c~l '::lf t.he c: tv of
?ale to on Tuesday, the lOth. . da;l of Sep'tembe:r__ .. 1_957, by
the followi~g ~ote:
<AYES,: B1sho~i 1 Byxbee, Cresa:~1 Da.vis 1 Evans1 Gt:ffln,
MarshalJ:, Navis, RodgE::rs, .3ter;hens .II' ·woodl~ard.
NOES: Z~one.
~ito hell, ?c:rter, )!'.i~ntl1.9J1-~ , ......:). ~.--_____ _ ~,APPROVED: /·-~£ t· f' .. ·""> ~
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A3SEWI': Corcoran.Y
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APPRJVED P.S TO .;;:::-(?=f~ ~~
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