HomeMy WebLinkAboutRESO 2513:KWP'·T:EAW:(,S:rs: 3/5/54 So .• ·
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RESOLUTICiN NO.. 2513 -
AWARDING SALE OF (AD \~ALOIU~M) 1954 PARKING BONDS,
· .SERIES ·,"A"
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UNIVERSITY A V!:tlUB DISTRICT
OFF-STREET PARKJ:NG PitOJECT NO. 52.-14
RESOLVED, by ''I
•1: II California, that
WHEREA.3, said
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the City Cou~cil Of the City ot Palo Alto,
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CouncilJ in respc•nse to notice duly given as
heretofore ordcr•ed by Resolutio:'l calling for Bids on $300,000.00
1954 Parking Bonds, Series 11A11 , adop•ted December: 14, 1953, has
called for bids for the sale of said bonds heret,:>fore ordered
issued in the amount of $300,000.00.
WHEREAS, this is the time .a.nd place· fixed therein for re-.,
ei ving bids for the purchase o.f' said bonds, and said bids have
een received and publicly opentad, e:x:am1ned and declared ty this
ouncil;
NOW, THEREFORE, IT IS ORDEHED, 1a.s follows:
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l. That·· all written bids l~uce1veC' for the ~:urchase o:r said
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ends, excepting the bid herein·:atatE~d, be, and they ar2 he·reby,
ejected, and that said bonds bet, an~l they are he.reby, ordered sold I!
I: J ¥ B. Hanauer & Co. of Beverly Hills, Ca:liforr.ia
and All1son-W1lliacs
the highest responoible bidd~r therefor, withiintereet to the
te of del1ve1•y of said bonds, said sale to be l•ubject to all of
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' I . he terms and conditions set fo:::-th in said resolt~t-ion calling for
I I and in said accepted bid. 1
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, ~I I 2. That the City Glerk of: said City be, ~net she 1.s hereby,
1rected to have said bonds prirlted fort!'lwit~~ t ar:id that the samo
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e imm~diately signed anrl sealed and delivered to said bidder oo
ceipt or the amount therefor as above atateet, w·ith 1nteraat, but
t otherwise, and upon the pel~t'orm&z'loe ot the cond1 tiona cont..:1ned
said written offer.
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3. That the interest rato of sa!d bonds :~e, and the same
ia he reb~, fixed at the rate stated in said bi•a.
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I hereby certify that the foregoing r~sol1~tion was duly an.d
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regularly adopted and pass~.d. by the City couoo:ll of tht1· C1ty of
Palo Alto, California, at a iit~~ting thereof held on ~the 8tn :ciay
of March, 1954, by the following vote:
AYES J and in favo·r thereof I councilmen:
Bishop Byxbee Gashel, C11111nings, Drysdale, Hanley Huston · Marehail, MitoflollJ. Porter, Rodgera., Ru~pEmthal, s{mpson.,w!ot•ttt NOES, councilmen: ~one. : I
ABSENT, councilmen: Corcoran.
R-.~
of pa:lo-:ATto
APPROVED:
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