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SU.Ji: OF PI ITY Ttf(YJS Alf 1) ror.!,ll 't'S \10:01" °' w 4..T1'~ BON1'S
Q!._1926.
The Council of the City cf Pf'.llo Alto I10
RESOT,VE ae fC'llows:
RPI<~\S, this Council h'lB r~oeiv~d bids "Vld
opened and dea1ared the smie :f'oT tb.4!! aalt of bonde
numter 1 to 60 1oolus1v~, da.ted ·7'urtt1 1, 19213, in
denom1natiorie of ~.1,000.00 ei:l.ch, the principal
psysble, five· bonda eq.ch ;ea:r. beginning June 1,
192.7: 4"1te of ma.tu.ri ty of pres~nt offer, 1927 to
1936 iriclusive: ir:iterest pa;,rable ecm:1.-annuall.i'
June 1st and December ls~ •• at tne rsto of 5; per
annum:
NOW, 'Ji.t!RB.Lt'OR.~, this Coo.mil finis tnat
the ofter or bid of B. H. Rollins & Sons for
fifty thousand dollars principal of said :f'ift.1 uonda,
and e.ocrued interoet to dste of del iver7, with a
premium thereon of. il20f>.OO is t.ne best bid
o!:f'e:red. s.nd it ie bereb; ordered that said bonde
be and the SEme s.re eold to .a: • .l:i. Rollins &s Som
in aoooTde:noa With the terms of ite bid; md that
upon pe.yment of eai d pririei pA.l sum. and accrue4
Sntereat to date o! del 1verJ together "1th the
premium, into the trearury of the City of Palo
l\.lto, the t:reA.surer 1e hereby suthorized to deliver
BA.id bonds to E. B'. Roll j ns ,~ Sorie. 8001 Fr~c l soo.
C8J.1 forTJia.
The above Md forei:w1n~ r~isolutibn w~s
du1y 'P'ISF.ed by tho. Council Ort&> C1tJ of' Pillo
.\1 to st ~ r egu l"l T me et in e: hel d on t 'he 13th d s.y of
Decsnl)er, 1926, by the follcwin::-··.rotv:
\~:s:
NOES:
;er tee~, :?.on.:i. Cnthc-i.rt, C~t;rei liDuven('ok,
.. aete:rdv. Rooart, Jorda!'l1 .i•d'.'..1.ly, oo.eteri,
Tho1t ~. '!'horns, Wing. Wooa.
None
AB~; ~'JfT : Cooley • ~ Appr1;JVed_
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