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HomeMy WebLinkAboutRESO 1352• <r , •. ~ •-•-~•-,,,_ ..... ~_...,_ .. ~...._., .. , .. / .... 11 ...... -" .. •"'"f"llo .... ..,...l'l''""'""''l<.'t'••""IN't .......... ,\.IWI .. '"I ,,._,_.,,.._,,.~.~·-..a.. . .,._.,.,. :J80 ESQ.;st~ICN A:'T!1C~IZI!:G SA1E OF' I!·:!-~0\']:!~~!:T 30!~DS ... -~0. i "'..t,::-),., ~ ~SS~L'T.E:!), l::· th.(· C'.:!.t:r ~01.H'.c!l of~>:'~ S:!.ty or ?::.lo Altc1 ~r.1. t fC'~~.t.'~ J t 1·1 . .-t t i."l!EX:::.~.s, ~·.?tr~ ~1 ~;:•· con:n~.n ht".~ CA11w1 fol" bid~ for th~C' ;.·~~~l1,~~r:~ nf ~.m~~·~ov~~rr.,:·nt bon·:1s to [.e~'" Jw~.1!~~-1..;,~, ~!r.O~ .. J"t Bon1 PJ.ft.0. ·:., l'n.~·t. 11, A!'t:!.cl(" lV 1:.f :Jl•d!n."tnC(' :Jc .• :=.4ll o1' sn.td cit~· r-•nt1:-.l•:-d r'r•"! o A1t .. J lr:Q::--~Wf~~l~)r:t :E):::-occd1l!'e Cod':~, ~·o:r ;:"Jt::.:,·:r~ent of th~ co~t of t!':~ 1~1p~o·,rer.1ent~~:, ::~,.a tl~~ lr~cl;:ijer!tP.l <."~·:r( .. r-.;~~(~3 tt.t~r-e-c.f, !~Or(· ~)nrtlt;;:•Jlflrl~r d!J'!"G:ribf~i'l ln f:eeolutj.On of lntC'nt~o:n. ~IO. 1?'·?~ nrJo.::tr:•C! t•y Sfd.d Co:.nmcil on !-!Ft:r-cb ?6, 1941, :n.:re~.l":.nt to Art.:tc.l~ v of ~nLl C•':'de, sntd bond~ to :v~ d.n.tcd .n.nd to ber.-.r tn.tcre~t ~.t not t0 •."':":ct::r·rJ fo1.1r re:r cent :;Jer P.n.'"l\l~ from No\10mber 1~ 1 1941, in the nnount of ~ot lens thRn $~0,000.00 nor more than $35,000.00, sa1d l:Jonds t,o h•"> i~l~Qed tr1 ten f'::ljUI".l 'l.r::nual ser:!.es ~.at<~r:tne o~ July ? in the yAnrs 1943 to 1952, inclusive, 9S1d interest to bo re'r~~~ntPd by coupons the f1ret of which will be for interest !'rom !!~Jver:l'ber 12, 1~1~1 to JrtnclC.ry 2, 1?1:.;, r.md the b~tlnnc.c thPJ:'c·of t.l') b(' fen-~'~m:r ·-tmrn.1~1 i:J.tr:-r,:-0.\t :pA.y(•.ble on the second d.t1.y~ of J!_~;l,.i,l't'J r~!'")d July o!' ~-~.C~l ye1\1~, :'11~ bonds to be of t~<~ ~0no::1:tn~·t~.or. ,..,r .~~ (\();>", liQ "'11,-.h "'~"f'L•'"t~n,.,. 1-••r' et>l'h "'"•rt.,.., O"' 4•C'"'\Q 0() p~.-.1~ ..,.,...(.l fi,...,<·• ~~ .,...l M'¥·""• •,r\. \.·' .,., 1 -..~.,·"·-'~· ... .' ,,..,, ·!:., vir.... .~ ..... ..,~. J\.·.,.... J. 't"~'"" .)• . ...J •. •.\,;,.,.., .'.~J~.,I ,),. cdr~ 'b0!1d •':.'l.1;:h ~'0flr ·wh.i,.~h wi 11 be for the b,"l.ln;::ce of ~~uch .!U'\!:\J.s-l ~~·::.·t•:.c:, ~.nJ1 boni'l.8 to bf~ n.e.::ompA-n:l.ed by tr.,. lecf;'.: o~Y:I.n:!.on of :·~c ~ ~~ 1"' n . Kt r• J-:br·'i C c.: :!.~ \·l!_l~ on,., :r\.n ~!:. t.I:""'O 1 Cr..l1!'\,rr~j .. ~~; ii~fr~?..EA.3 1 in the cn.1l for ~~a~d b1·1~ not'!.ce ~A.s been SiV.<:'.:'!. t~-~~'.t s~~l~d nrono~~l~ would b~ received b~ thP C!ty :lcrk of s~id CJ.tv 0 "" "!' ,.,;,.,.('\:;. ... ...,. •7 0 o '"ll)~·r, P ~.< o"' v ... ,..,~,.,,. +'"c ., r•t'h dfl" of "TO\'(·""b;..,.. .. \'. \.-''·----\-I •.) \_.... ~l, ·• ... .I.e J. ...... ~ ... -.• ••. ,j._, V:.t. .J.._,. .... ··J •• J~~ \..-... 1 191n, i:lt :C:r::r off:tce :tn the City H!\11 1 ..,,ld~~h r>ropo:wls or bid:21 ·,~o>.;ld t•C =''J.bli~ly Cf'f'!"'f:'d, e:xn:nlned c-.nd dC"1~l8.red by thf> C:!.ty Coun(;1l nt s~:dd t:!.m~) in 1.te ~0\.l...'!"J.C.'ll roo;!! 1!: ~hfl C1.ty Hc-.l: 1 ~·; MJ.i(1 city, ~~ whtci ti~~ t~8 Amount ~nd deno~1~~t1on~ of s~~d bon~s ·~·111 b-:-f:1.x0c1 rtnd 3rd.-:l bon~~ ~?.WP.r>dr:1 tc• t:r:.0 b~.d,(}8r .,.hi') of!'~:r•:: to t~k0 th~m nt the lowe~t intern~t r~te ~tt~nut pr~~1~m or 1n~~~~~t to '1rltr· (lf de1:tv···l"y' bntr. :clf'.:td .f'l'f':;"'\1,1:::: .'':-ld 1!1tf.'re::.t to dr: te ryf rkllve:ry to 1,:,(' Y'"fl~~ctr::d ·fn t:.h,.;:: 1.r•tC~' ::t I'~\t€• 30 Old; r~nd ~,':!·:E!mAS,, l:-1 :r(·:':r•on~~C· to sn.id c.<1.ll :"·~r>J.etj pro:po0n.l:: OJ" bir::: :;.11.·:•:· Gc•:·n .N:cr:-.i Vf•d nnd wt~N· by snt::l .;:-01.1..!1Cll :puhli·~ly o:rcned .• t.:·:::· ... ,t•·~~:d ."".nd •:!N·1.r•.rr-·d~ ~::-o•n >:htc=: 1.t ~'~f'::v'n!'~' "m'l. ;~r..1d co~:.nc:I..J. f.t.n(l~ t."\r~t the 'b1.~1 or !;~;.'t-IOTI, Lcv:r ~: 1·.'11.1i.1::1~ 1~ t:1c :.11.:::\~··et ":Cr' ~0~t bid th~rcfo~. ~-r,",,t ... 'W {f, 1l';rE!~J:;.?1 Ol~E ~ IT IS OHDI~l~ED I al'l ::.olloW'!'>: '!'l":.<>t :-.1~. :.JN~l..;·d p:r>-::'.:"~0~·''.}~. or Md8 •:·xc•:::-•tj•\; t!lnt o':.. .. .:..,.4J.V: S 1')~ .. ~ .• ~e'.'~r ,:; "rl_~~ J l t~-"'·:1~ 0(' '.l r:~.d tll (' !=" •. ~:1!~: n.~C ~!.t:-·~r~ "b:l !*(-' j t~~ ted ."'tr'~C~ t :; (· ~~J r· ·'::f :;111.td b)'ir.1 s b;' l'.nd tlv· ~·"~te 1~ l-Jr•rcby s.',:ar~ed tc· s.'"!.id :.·w~on, Lev:::·: -:·1-IJ.linm~ rtt tlv~ pr•1c•:-"n•1 1Jp()n the terns st-!'t.ed ~.r! !'1!\ 1d b1.d. ? • ::;;::..~t :'.L"~d b0nc::~ be d"'.tc-c .-:.nd beP !' ~~nt~::!"'est f'l"OJ':'I :·:c•:r>;!lb~~· , I) , nl:.~J.. ni· +'"' ., ''•"t"' c" t•·'(' "'n" o:nr• h" lf n•:.r f'r.>rti• ( ?.1·./.) ,....,. .... q "'"'"''" ·'·•·J ·•·..-1 ··.~.. .. , ......... ~'-_.,<t1.,t;,;, .,.. •'"'-./ c:-•.. \... .... -.. .::-.~. _ ~ ...... ,:,. ~ \•-#:;'"'I _;., .• ;. • ... '-J..•-R'-''•J ;.rhjc~: rr-.te .is hcr·eby f':fxed end e3t.<tbl.1she(l as the lnter"C'::;t rfl.t·~ of ~11'.!.d bonds. 7 ":'h., .. · ""hC' ·t,..,+·nl "lffi"~"''~ ~'"~~ ·~"~d '1>"1'"1'.,5 "h"'l'l b~ t 7 " OOC O"' , . "' .... ~ ,--., "' ..• ... ' \.~' ""'< '1, ' ·-•• 1.., ~ .... ,.!. ... ·-l ~ ·-..... ' .) ) ... ,J .... J.c.\' \:;.; 'i ,.,; Lt ' t .. j v ' W'!1:lGh shr,ll ::1•.1t'Jr'r: 1n te:A qq,v.:! f:~::W.l.J-9.1 ~eries of $3,4CO •. OOJ of vhic~ .. fer r;-,<:J.ch of' ~:-d.d ~E·'~"1.i?:c, two(?) of ~,r,1d bonds 3~~P.11 b•·· of t'he d~:'nOl'llinntior'l. O'J." ~;1 000.00 e.qc!;., tWO {2) Of Sf!,jd, CO~~~; s.!ln1.l be or. the dF!.rtom~~~l':l.t:tor. of $500.00 each1 nnc1 the re:mr-.1n1n:; ~ond s!~ll ~e of the ~enomi~~t1cn of $400.00. ••· -·•·•· vo-.oo-.1•~·"'"'•'''•~ 01 J· t-' : = . ..... . (':) : _] I ] • r- • ,,., , , . .., .... ,.w~.r~ .. ,.,._.,,..._,ht•~"l••wi''IH"f...,.,.__,,..,,h_,..,,., .. ,._.,.,..,.,.~,, ,, _.,. ...... ,~4•11•>.1;1<'-,-•!'"./'1,'"•':• ••;F,'f>.'·t• .~. ,-~ .. ~::• }.\. ~. T~~t c~~l1.3l~ & Dfl.id Co., bonds be forthv!th pr1~tod s~n Fr~nc!~cc, California. r'" :n. cJ :) :' ~:· :: ~~ r ,~. :.! ,, ..... . ., ~·. 7~n.t ~1(·~~::~~~. KtY.-!·:b!'1d~~ ~·.; iltlJon b~~ r .. nd thc:r nr(~ ~ert.:- b~·-N'r:u"'f~tr:~d to fo:r·t::-l'-~lth fiJrn1e.h th~·:tr J ~\';:C.l o.N.:;1on on t:1r:> v~lid1ty of ~"1~ bondo ~nd th0 ;~oce0d!ngs ~ursu~nt t~ vh1oh t. hr-:.; · .. r~·"!'': ~-.,_ ~, ·.; . .-:·'" 1 tt:· n c c o•np,"ln:.-T Sf\ :td bonds n.nd to 1m:r(' to t ~e hr.-ne-f1 t of ::w. td t\i~d0r and ;~~~tens. 6. T:1o. t ::~Hid bc•nda ce forth-...·1 t!:. C!)li,vcred to se.id ;ur·~hn ::-.cr '):!"•en h13 deposi t1::J •,:t tl1 the Ci t:t TreP..s1n·er of gn.tr:l Cl ty t:":.e o:·::!)~lr:t ~':lf ::>").1~ b1t1. .... .. .. * ~ * I l1ereby ¢':>r•t1. f:: thC' frYr~~olnz to t-c ~ tr'..l(• c·-;;-:y ef ~"~olut1o~ ndopt0' by tho Ctty Cot~cil of th0 City of ~~lo Alto, c.~.l:'lfO"!"'T'l.!.n, ro.t I) rc-.:;ulf'.:• I.:I)Cti.!J.e th~~·eof ~eld on t: .. r~ 1.0•2·~ day (:.f l!ovemb(:'r•, 1~041, by the followtnc; vote of the :':emb<:':r~> t?i.Cr(•Cif; A~,·~·~~~ !~:;.d :t;~ fnvo:r th~:~;:-eof 1 CC'~'1.c11::len: Bentrott, Blois, Cashel, Ho:1 Merner, Mort~P, He0d, Rlc:;.nr·d~, South'I-.'C•od, Thoits. Nco~, C~u~~1lmen: Non~. 381 Absr:-nt, Cot:ncilr:~en: Cypher., Ivtttc.ho:"ll, lbdford.~ Tl:omr:;1 Voo~. : :y~~'-: tf~ ~L/ . A l'?:l O'lZD: c;;;9:-r:.-tt£/t;_,_, .•nyor •