HomeMy WebLinkAboutRESO 489, .... ..,. .... .-. ._ ... ,~ .. ~-~· ... ,,, .. _,._
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1!!3 ~p POWER AllJl l'A'!l"R BONDS 01 1924:
The Council of the City of P&lo Alto DO RESOLVE &I follo•e:
THAT WHERE18, this Couno11 has caused
an &4Tert11ement to be publiehed fo~ bide upon t
twent7.four w~t~~ ~nd eewrr bonds of 1923. of
the denomination of $1000.00 eaob. and Dumbered
131 to 160 1nolueive, and tor the sale of 30
power and water bonds of !924, of the denomination
of t1000.oo each, and Dumbered 61 to 80
inclusive; and
IHi:REAS, this being the tillle and plaoe
for the openi~ of bids for t.ne eale of bonds,
and t~e Council having opened and p~blioly
declared all bide ottered for said bonda: an4
WHiREAS. this Uounoll finds that B.B.
KoQlton 6 ComfenJ ha• offered par, accrued
interes1: and f2,?06.00 premium for tbe water
and aewe1r bon4e &bOTe clesoribtul. and that '!'be
'irat lational ~ank ot Ralc .llto hae of~ere4
par. accrued interest and f!Ol0.00 , ... 1-.. for
the power and water bonda above described:
JOW, 'l'BE:REJ'Ob it ie hereby ordered
that 24 water and sewer bon4a o~ 192S, of the
denomination of $1,000.00 each and numbered
137 to 160 inclusive. be and the s&me are sold
to R. B. Houlton & Company, and that 30 power
and water bonds of 1924, of the denomination
ot t1,ooo.oo eaoh, numbered 61 to so inclueive
be n.rid the B!'lme .9.re sold to The J'iret Nstional
B&nk of Palo Alto9
Said bonde are herebJ authorised
to be ex~outed ae provided b1 law, and delivered
to said purohaeere, by the City ?reasurer, upon
receipt of the eume ot.fered in said bids.
The above and foregoing resolution
was duly ,paaeed by the City CoWlcil at a
regular ••eting held on the 14th day of June,
1926, by the ~ollowing vote:
AlES: lerteobe lo~n Cajhe;lrt, ~ofiey, aveneok: o a~t, or an, Ae 7, Laueten, ?boita, ?homae, Woo4.
:NOE.5: },lone.
ABSEIT: Cottrell, Easterda1. Wing.
Atteet:_ ~~
.lpprove4:""C>'dr ~-
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