HomeMy WebLinkAboutRESO 2355,.
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----------R E S 0 L U T I 0 N N 0 • --
AWARDING SALE OF BONDS
EttCINA AVENUE,. '!'!' AL
PROJECT NO. 52-4
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RESOLVED, by the C1t.:r Council of the City of Palo Alto, Ca 11rorn:1a, that
WHEREAS, said Council,, pur:rnant to Resolution of Inten-
tion No. 2267 adopted by said Council on Msrch 24, 1952, and
its Reaolut1on Calling for Bids on 8ale of bonds pursuant
thereto, adopted .July 14, 1952, duly gave notice of sale of said bonds;
WHEREAS, the time and place fixed therein for receiving
bids for tte pure~ase ot• said bonds was 4 :00 P .M., Monday,
A~igust 11, 1952, at the Council Chambers, City Hall, Palo Alto,
California, nnj said bide were received and publicly opened,
examined and declared at that time and referred to the City
Controller for analysis, and the City Controller has reported
the results thereof tb this Council;
NOW, THEREFORE, IT IS ORDERED, as follows:
1. That all written b1ds received for the purchase or
said bonds, excepting the bid herein stated, be, and they are
hereby, rejected, and that said bonds be, and they are hereby
ordered sold to Lawson, Levy & Williams and Associates as the
highest responsible bidder therefor, with interest to the date
of delivery or said bonds, said eale to be subject to all or the
terms and conditions set forth in said resolution calling for
sealed proposals and in said accepted bid.
2. That the City Clerk of said City be, and she ls here-
by, directed to have said bonds printed forthwith, and that the
same be immediately signed, sealed and delivered to said bidder
on receipt of the amount therefor as above stated, with inter-
est but not otherwise, and upon the perro~mance of the condi-tions contained in said written offer.
3. '!hat the interest rate of said 'bonds be, and the
same is hereby fixed at the rate stated in said bid.
I hereby certify that tr.e forP.go1ng resolution -was duly
and regularly adopted by the City Council of the City or Palo
Alto, California, at a regular meeting thereof held on the
11th day of August, 1952, by the following vote:
AYES, and 1n favor thereof, Councilman: Blois, Bower, Ca~hel,
.Qathcart, Drysdale, Oaepar, Hill, Marshall, Mitchell, .~ontrou11, Simpson, Wells, Wickett.
NOES; Councilmen: None.
ABSENT, Councilmen: Bishop, Miller.
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APPRO\TED: . ,: ' ~
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