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gaoxan:101 PROVIDil!G lQB ml §All QF WBOYQPT !Ql!DS OJ 1'12
Th• Council of the City of Palo Alto do ReeolT• as f~llowa:
That, 'lhereae, p~reuant to election duly called
and held on the 27th day of Ma7, 1919, the City or Palo
Alto waa duly authoriztd to eell at public or private aale
its ieaue of t20,ooo.oo ••rial bond• of the City of Pal~
Alto, in Santa Clara.County.,· State ot California; being
20 in number, of the denomina.tion ot $1000 each, dated
June lat, 1919, bearing interest at the rate of 5 per cent
per annum, payable aemi•annually on June let. and December
lat in each year; bonds maturing in numerical order, one
bond on June lst in each year from 1920 to 1943 1ncli481Te,
all payable in Unite4 States Gold Coin; and
Whereas, pursuant to invitation of the City o:f
Palo Al to inviting sealed propoeala or b.id• for the sale
of said bonda at the hour ot 8 p.m., June 9, 1919; and
Whereas, said City having received and publicly
opened and decls.red the following bide for sale of bol1ds,
to 1''i t:
Lum.bermene Trust Co ••••.•••.••• $20,317.
Carsten & Earle• ••...••....••. 20.316
F.M.Brown & Co •.•.•••••••••••••• 20,)00
Fr•eman Smith & Camp Co ••..••.• 20.~92
McDonald & C0 •••.••••••.•••••..• 20.282
Bond & Goodwin ••••.••••••••.••• 20,281
Blyth.Witter i Co •••••..••••••• 20.2S4
J.B.Rollina A S~n• •••.•.••••••• 20,244
Torranet, Karahall & Co ••••••••• 20,238
The National City Co •••••••••••• 20,136
Wm. R. Staats Co •••••••••••••••• 20,1)0
Girvin & Uiller ••••••••.••••••• 20,100
And, 'fberoae, said ~ity Council having no•, :in
open eeaeion duly opened. declared and considered •ai4 bida
aa offered for the aale •f eaid bonds, doe• now find and
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t..'lertfore P,clare• that the bid. of L'tl](Bll!lUl'.ltNS TRUST COMPANY
for the ewn of $20,317.00 ie the higheat and beet bid or-
fered for the purchase of said bonde;
NOn, THEREFORE, it is Lereby reeolved an~ de-
clared that ea.id bonde shall be sold to Lumbermene Truat
Company for the eum of $20,317.00 and that aaid bonds shall
be dulJ e~ecuted and delivered to Lumbermen• Truat Company
upon thtC> r~cc ipt of e1;.id Iit11·chaee price in the manner o.nd
form e.e provided by O rdi nanc e #186 of' the City of Palo Al to.
l'he above and foregoing resolution wne duly
paa~ed by the Council of the City or Palo Alto at a re-
e-ular meeting for eaid purpose held on the 9th day of June,
1919" Ly,,, the following vote: -;r y:/ . k ']///;,/,/. d l~a-1Z_~ ... -a:, 15,..,.~I~t:J.· ~"1·rr~ /~
Ayes: / ~ . ,.,. ~I /, · .. ~ ~· a-[I -..::..._ .. .,,,_,, ~,,,.,._ --wr'·<·-.. ~. . 4' .._,. ,,_.,/," r .-<FJ' " .-•
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Noes: //~ .
, ' ,/J Q,_ -r:;//~---)LL.~7· , ~-.e--/ ?J.-tprdl/. V~«-~ ~ ;r~-Abaen t: ~,,..., (
Approved: & 7 /o~7 )lay or . .....___,...
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