HomeMy WebLinkAboutRESO 545l ! I i .
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338
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FOR SAL'! OP CITY OF PALO ALTO llUltCIPAL UPROV!lmft
BOBDS OF 192'7.
The Couno11 ot the C1 ty ot Palo il to DO
RESOLVE &• follows:
THAT WHEREAS, th1• Coun~11 duly advert1aed
to reoe1ve bide up to a o'clock P.JI. on Ju?.t.e 1:5,
1927, tor the al.le ot an issue or $'74,000 .• 00 in 5.
aerial bond.1 ot the 01t1 or Palo Alto, Count7 ot
Santa Clara, State of California, being 7.& in
number ot the d.enom1nat1cn ot t1000.oo eo.oh,, all
dated JUne l, 1921, bearing 1ntef'eat at tbe ~ate of
5~ p~r annum, payable sem1-annual.l7 on Jun• lat
and Docem.ber l•t 1n each ,ear, the bonds maturing
1n numerical order, two on June lat 1n each 70ar,
:f'ro:m 1928 to 1964, ino lua1 Te, (all payable in gold
coin or the United States); and
WBER!AS, on aa1d date thia council did receiv~, open, examine and pubiiol7 declare, th•
!ollowing bide tor the a&l& or said bonds, to-wit:
Premium8
Schwabaoher & Co. $174,000~accrued interest and tl),092-00
R.H.iroul.ton & co. • " • • 4,848.00
Ames Eme:r·1oh & Co. • • • " 4,622 .85 E.R.~delfinger, Inc. M • • " 5,286.00
Dean Witter & co. • • • • 5,189.00
California Seour1tiea Co.• • • " 6,019.00
Beller, Bruce & Co. ~ • • • 5,841.00
The Detroit co. " • M • 5,786.00
Bank of Italy " " • • 5,820.00
W1111wn R. Staats Co. " " • " 4,732.00
Anglo London Par1e Co~ " • ~ • 5,304.00
E. R. Rollins & Soni " • n 5,114.00
NOW, T'.BEREJ:i"'ORE, 1 t is hereby d&te:r'IJ11ned that
Cal1!orn1a S•our1t1es Company is the highest and beet
bidder tor 1a1d bonds tor the aum or t74,000.00,
accrued interest and •6,019.00 premium, and said bonds
11.re hereby sold to Cal1torn1a Secur1t1&11 Compan7
tor the sum bid ..
. The City Treasurer ts authorized to del:lver
said bonds to Cal1forn1a Securities company or 1te
authorized agent, upon receipt ot the sum b1d tor
the purchase.
The above and foregoing rdsolut1on was
d.ul7 passed at a regular meeting ot the Ci t7 Council
t.eld on the 13th day of J'une, 1027, bf the toll owing
-u·ote:
A'YESl.
MOES:
Bertsche, Bonn.9 Duveneck, Hobart Jordan. Kell7, Lausten, Thoit~, Thomae, Wing, Wood.
!lone.
ABS.ENT: Cafgheart, Coole7, Cottl"ell, ~aate
Attest: ~~ Approved:, ,...,!f<ol'""-'··
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