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R E S 0 L U T I 0 N N 0 •
AWA.~.DING SALE OF BONDS
PROJECT NO. 52-10
NORTH CALIFORNIA AVENUE
ACQUISI'l'ION AND IMPROVID!ENT
2460
R&SOLVliD, by the City Co1.mc1l of the City of Palo Al~;o,
Cal1forn1a 1 that
1~33
WHEREAS, said Cou1.,c11, pursuant to Resolution of Intel'!tion
!·:o. 2404 adopted by said Council on Jan•;ary 26, 1953, and 1 ts
Resolution Calling for B1ds on Sale of Bonds pursuant thereto,
adopted June 22, 1953, duly gave notice or sale of said bonds;
WHEREAS, the time and place fixed therein for receiving
bids for the PlJrchase of said bonds waa 4:00 P. M., Monday,
July 13, 1953, at the Council Chambers, City Hall, Palo Alto
California, and said 'bids were received and publicly opened,
examined and declared st that time, and referred to the City
Controller for an.a lysis, and the C1 -:,y Controller has reported
the results thereof to this Council;
NOW, THEREFORE, IT IS ORDERED, as follows:
1. That all written bide received for the purchase of
said bonds, excepting the bid herein stated, be, and they are here-
b~r, rejected, A.nd that said bonds be, and they are hereby ordered
sold to LAWSON, LEVY & WILLIAMS
as the highest responsible bidder therefor, with interest to the
d::tte of deli very of said bonds, sa.id sale to be subject to all of
the terms and conditions set forth 1n said resolution calling for
sealed proposals and 1n said accepted bid.
2. That the City Clerk of said City, be, and she ia hereby,
directed to have said bonds Printed forthwith, and that the same
be immediately signed, sealed and delivered to said bidder on
rece1ot of the amount theref(')r as ~bove stated.) \·:ith interest bv.t
not otherwise, and upon the oerformance of the conditione con-
tained in laid written offer.
3. That the intereat rate of said bonds be, and the same
is hereby, fixed At the rate stated in 5aid bid.
* * .. * *
I hereby certify that the foregoing resolution was
duly and re(t.ularly adopted by the Clty Council of the City
of ?alo Alto, California, at a regular meeting thereof held
crt th.e 13th day or July, 1953, by the following vote:
AYES, ana 1r1 favor thereof, COuncilmen:
Bishop, Byxbee, Cashel, Corcoran, Cummings, Drysdale,
Hanley, Huston, Marshall, Mitchell, ?orter, Rodgers,
Ruppehthal, Simpson.
NOES, Councilmen: None.
ABSENT, Councilmen: Wickett.
A.?PROVED:
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