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HomeMy WebLinkAboutRESO 2531.. . . . . . . . . ·: ... . . .. . . . . . .. . "· . . . .. : . . . . . . . . • . .. .• ~ . .. . . .. .. . . . . ~ ... ; . . .. . . . .. .. '• .. .. . ,. .... ~ .. . . ...... .. .... .· . . .·.·: ·,• 1,···.··.·.· ... :: • • 'I ·;· I • •. • • . . ·' . . : . .:.. .. ::. ·.: '::· > . . . :: .... I .... · .. .... . . . . . . . .. .. ·.; . ~. ··~ . . . .. .· . . . . . . . .. :·· • . .. . . . . . : : ~ ·.: ..... : : ... ·. ·: ... :. : 'ff • • ·: •• •• •• lj .. . . ... . . ' ' n • •' .. . . . . . . . .. • • . . ... .. • • • • • . . . . . . • ~ .... ... •• .. .. · .. .. . : . ... '' ....... . . • : . . . . ·. .. • .. .. • . . . . . .. • .. . . ~ • 1~ .. .. . . . .. . p. . . . .. .. ,. " .. ,.. .. . . . .~ . . •· '•o •"'' . . • '!#,, • • . • 1 . ... . . .. . . ., • 'o : . . ··. • . . . . . • •• 0 ": ..,,. • •• ,d ''" .. . .. ·. . . . . . •. ·. . . . ·.:· .. •' '• ~ . ~ ··. .. . . . · . ,, .. • rP .·.... • • • • ~ .. • • "' • • • a "' • 1$ "• 1 , •,. ", •o • • ·~ 1 u , f : •• I 0 I p I {! • "0 t • • :· tj. . . ·,. ~. ··:~OJ:,UTI~):i·· t.f9: 25~1 ,~·· ·· · .. ;~. . 2 u ... . . . ·• . . . . ~ " . ... • •" ,o :. ·.ft .. • •. ~. • (1 •.. o,•" •:t <·''o r (,.'< • fl • e II • •). • •" •' •• t) G (J". ·~ • . "' ~ . >;II •• • ... ,. ~ • \) • 8 0 ... .. · .;,:. ~·oicrrrroN ·.Auxli~,~rz:J:N~ ~1Nm~M&~~T oF ... . . 0 .. .. . 0 . . . .. .. • • . .. •• .. .. .. D" a : . . . . .. . . . . . .· .. . ·• • f), .... . ., . • .. ~ • ' ·: * PROC~ or: "cNI~~EJ) ~:TAiES .. BOND I.N • R!.~ " ·" ,. '·' ~ ··· • • .. . P~ACE:ME$}~:.,iSSYitS •. ·,. ". · • • ·· • •:, ... • ... • • •· • • • • • ', • • o+ .. ..... 0 41 .... • 1'1" \l.' ~ W \It '\t •Jl .ct\ t, '.-,1 ll;t 0W .... M D 1 : 'II ;, • ').<fJ 1\ f.) • ~~fJ. w . • ' ... ~ • .. • • 0 ... ~. " ~· ·~:, ,, WH!REAS, .• ~e.Ptair: City ·'fun~\•. ~i·e 1 ,r~~ol'n ''~we to.'''''t}-;~.e~ .'l.llvreste•d .fit "{' r1l• 0 ·~ '· ~-~-~ .., ·~ • • • •l ' ••• " t!• ' " 11 11 • . -~ "" t! > • ~ • ~ "':J!'n Gov~'llment . secu:r1 ties; arl.l;l.~ ~ •• ·•" . • .. • • .•.• : • • ·· ~ li ~' <t't <) • ¥ j~ lit • ,,. •• 1 • - l' ·tJ--t o"~ -1.· "' • • • >~< ' ,. ~'~ "WHEREAS, prio:. to t'lle.llf6tt;lri'ly date ot"sa1~ sec\,lritlee, \te >J• ~ ~ ;•·. Jl .,. , • "' -,'Jil :,• . •.-~o . • d t'"' • • "' Government, c"in snort notice, sc1lici.ts ~subscrip.t~on~ tc r~;,plac~-,,. •I' ,_,. • •• !1!11 -~~ Jll ·' ... ·-: "' Ill • ment issues;, and .,. ,,, <· •J;, ·~ ... . ' . .. WHEREAS, it is th~ desire of~ the •. City of falo Al~0 that· to~ . . . ·U ..,. City ~~.'l:reasurer be author.~zed to reinvest"'. the¥ proceeds ·4-.-.t: of Go"vern: ment bonds in replacement issyes; .. .. ~ NOW, fHEREFORE, the C(1uncil of the City of ?alo Al tCJ c :>es . . . •• resolve as follows: .. .. ll That W. C. Cobb, City Treasu•r, be and he bereby i~l author- " .. ized to reinvest the :proceec!a of United States bonds or securities ·t> held by the City 8nd sold on maturity "in replaceraent isst:.es witb- out further authorization from the City Council. The above and foregoin~ resolution was duly and regularly ft introduced and passed at p regular :~neeting of the Council of the City of P~o Alto held on Monday, t~-:e ~ 1954, by the r~llowing vote: "' day of Nay • AYES: NOES: • Bishop, Byxbee, Cashel, Corcoran,Cumm1ngs, Drysda.le, Hanley, Marshall, Mitchell, Porter, Rodgers, Ruppenthal, Simpson, Wickett. None. .. . ... . • . . . . ABSENT: Huston. ~~~ • APPHOVED: ' ATTEST:. ttl(,~;lr:ke tfd__ ity Clerk ( APPR0VED AS TO FORM: ~G~tit~ Ci~torney ,:' 11~'1':'.-''"; I ··~··_. i~~~·--~~,-1 ...• ·1·.· ' , .... I . , ' t I :t, ,., . ··-. , ... .. • • ... ......_ -------·-· . .. • • • • • • • . " ~ . . .. . . . .. . . .. . • • • : a • . . • • • •• • • • •• • • •• • . . . • • • • • • n • . . . . . : . • .. • .. ~ . . . . • .. . • .• . . . . . ... . . • . • • • • • . ... . . . . .... . . .. . ... ... ••• • • • . . ., • •• • • • • • c ( I I I I I • I l:~· . ~ ·l -Y.~.·.J