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R E S 0 L U T I 0 N ll 0 • 916 ----..... .-.-......... .-, ... ....,_-
RESOLUTION AWAFDHiQ CON'l'RACT FOR SALE OF PALCI ALTO
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The Council of the C1ty of Palo Alto DO RESOLVE as follows:
\';HEREAS, thia Counc1l, in accor·dtaU)Ce with notice
thex-s:tor duly publisheo and gi von tn the ro~ume:r and t'orm
pro'ltid<~d. ·by law, he.s received bids for the aale or public
utility bonds ot 1930 of tbe City of Palo Alto; and_.
this Couno1l, having oonrddered. said b1d3 oftbred in
response to sai<\ notice to b!dd@I'a and having dulr
eonaidd·l"&~· the aamo at ita mo•t1ng h•l~ on August ll,
1930, finde that. the bid of Dean Witter and Company for
the par value of Onf.l Hu.ndred Thirty-Five Thousand lJolla.rs
($1351000.00) for said bonds plus accrued 1nteri;.l2t, pl".1.s
premium offered $2,~~o.oo,,t th~ rate or 1nt~re$t or 4t
per .:ant in accordance \dth alternative prorJosals for
bids 1a the be.9t bid received. for sdd bonds;
NOW, THEREFORE, IT I3 HEREBY ORD~:RED, that said
bonds be 11old to Dean ',\'1 tto1· and Company in s.ccorciftr•ce
witt. t:O.e1r bid as follows: ?ar valiltl of $1Z~5,000 pl•.l8
s.corueu interest and premium of ~23:50.00, which bid is
attaohed hereto .9.nd. mad~ a p61.rt of this reaolution of
sals.
Tho above s.nd foregolng resolution was duly po..s:;ed
at a n:pea1al :net!t1ng of the City Council of the City or
Palo Alto held on August 13, 1930. by the following vote:
AYES:
NOES:
Miss Ba~.tgh, Bertsche, Christensen, Johnson, Kolly,
Mosher, Jude on, Tho its •
wood.
ABSENT: Cathcart., Hoburt_. Lausten, Mitchell, Thomas,
Mrs. Thomas.
3%"1
Approved: J!.. lf..t;t~~
Attest; ~:? ~ e~.~
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