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DBW1,J1h•-8/13/57 So .
A USO~IZDG PURDUll OJl JIODI BY CHY . · ~ PAIUm DlftRlC'f
Pft03:l<l'f NC. 56·7
RISOLVBD, by the 01ty Council or the OitJ ot Palo Alto,
Ca11rorn1a, that
WBIRIAS, in the opinion ot th1a 0oun>)1l, a ~etter pr1oe
.for the bonds will not 'be obta.1ned b7 their being ottered at
publio sale, and the publ1o interest and eoonoay w1ll be served
hereby;
NOW, 'l'HBRUORE, IT IS HEREBY OIU>.IRID, as followa:
l. That the bonds 1n the amount of $42,018.50 1aeued pur-
suant to Resolution of Intent1~n No. 2749 adopted by th1a Council
on July 9, 1956, be and they are hereb7, ordered sold to the City
of Palo Alto for the par amount thereof without accrued int•~•Bt
to the date of deliv~ry, sa1d bonds to bear 1nte:reat et .the rate
or 5-per annum fro~ their date to their respective datea ot
maturity.
2. 'l'hat a warrant 'be 1seued by ea1d City for said aaount
and ·that said bonds be retained by the 01ty Treasurer tor the
aooount of eeid 01ty.
* • • * *
I hereby cert1ty the foregoing to oe a true copy of rea-
olu tion adopted by the C.ouncil of the Cit7 of Palo Alto, Ca11 ..
forn10, at a regular meeting thereof held on the 26th aay or
August, 1957, by the following vote or the mernbera thereof:
AYES, and 1n favor thereot, Counc1lmen:
Byxbee, Creaap. Evans, Marahall, Mitchell, Navia, Porter,
Rodgers, Stephens, Woodward •
. NOIS, Oounoi.lrnen: None.
..
ABSBNT, Councilmen: B1flhop, Coro.ora.n, nt-w13, 01rr1n, Rupp--
thal.
t~~ 1?{:~1
. ID:ty c1er'k op tlie c1ey-or Pllo-nt""o
APP:ROVB»:
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5. That aa'11'bonie sball be 111'1ed'"U"i•rS:ia, and ~
•·•. ··;::·~-· ·t ·~:: ' ~i' .• ::: ".\--:~'
unpaid aa1e11menta,).M .• ._. g, AW' ,lat .. :!'ft'ltd .:b7 th• l\lper1ntend-
ent. ct a.i .. u.'-a• ~·:"• Mi•·to .. ,.11, •. ·.tocntau w11* the
' ; -·;;. '.'; :-~' '· ';' Ii t:' i' · •• :·· { ::· • • .--r' : ;",! \ ' •'\.'
interest. tweoa:~:"~ll\l~·,,..iiih1 ·•n4 omt1tute a trut tun4 tor
:~ .. " ; ~· . ~ ', '.··;.:_,;--\'")"·'.::-~,;>;~_ n.:_~· ~ ~ ',, ·-~•''" l :.·,,~f~;·{~~~t"I
the :redtapt\ton ,_.~:Nta•·11; ·aa1d b.endl ~nd ot the 1n'8reat
~ ;.,~\·~:-r 1J"r:'t,' • i,· ~· ~ ~ ', . ' .',: .:· :,
which •7 be due t"-tm, wh1etl·'l~6 a-·!~~-· aball be 'pay-
able 1n,~;""'!!!'!!!~-·-~~!.'.!~@ond1DS in ...,. to ~~· ll\lllber ot
aerie• of bond• 1aeue4, and an even annual proport1~n or ••oh
ae1r.e11unt shall be p17ab1'~diif.;'.MMl~"fiU~fM""'*·'·UI' dl-''Of
matur1t1 tor each ot the 14rfera1 ••rie1 of bonda ia1ua4, and
-~I •H ,,. 'f<i·
auoh proportion o.t eaoh aas••.••nt ooeng due in •111' J'MI', 'o-
gether w1tA·'119..-.1·\:1DW•1' .... :.,..Moa;i11Ull 1 1n.tqn, . ._PQ•
al>l• tn i.n1tal1-ellt1:·_u<t_, g...al M:xu.ot N1'.;.Ct•1 ·Oft rea,l
prop.ert-1 are pa1a1t11,,:ud·::•ball. bM .... deli.nQu .. t .• , -.,'. ....
~t&~ ·.aa4 1n .the ltf.M<·;proar•t••t•:"unnte antJ. .. o..r tbt,,..-
proportillU~• ,,.._J.ttea.to'r.o;.11.iaqwm•J!·
6 ·• : · !Ut .·Wit 11&ha'~ :·Qr· the Jrayor and Treaauru be
. . . . . ~ ' t; ·\ t
1mpreaaed· \\pot\ H14: boncla.,.·W, ei'lgraved or lithographed prooeaa ',. .
and th••· :1a!.d Ci.if ·:Oltr.k<.fh)'91oal;17 eip ea4..d bonde, and affix
thereto the oo:rporate •••l or'·aa1d Olt7; the 1ntere1t coupons
att1xed th•reto shall 'be aignod .bf ••1d Trnsurer or bear hie
,"··.~··.,,~..a.·1,,.,\.',t~·-~-;;~'f"'~·-4·,,; ',,~ • <\ -t•(+ V,• ·,-.I
e~aved, printed or lithographed.11gN.tu.ro; thd auob a1gn1ng and
.·."·l i'
e'-alinc or sa.1d bond.a ~1 s'~fd otfioera, and a1gn1ng ot said oou-
• ' ' ,' . .j~· : ' ~
po~ ~' e:a1d .. Tr.~1~i,r.~M~::.~onat1tute and ce a aurr101ent and
.binding execution or each and •v•r1 oae ot said bond• and all ot
th• coupons thereof reapect1•el7. Said bonds aball be aub-
stant1ally in th• torm set forth 1n Bond Plan 0 ot Article IV ot
said Palo Alto ·t.prCJVeaent Procedure Code, ae ... nded; 1a1d Tree•
urer and ea1d MaJO&' and 11id Clerk ar• ber•DJ authorized and dire
ed to ao 1:Lgn and at•eat reapectivel7.
1. That the 1nkreat coupona attached. to each of' said
bonda 1nd. ev1deno1ng th• interest to aocN• tbereon a.ball be
n\lllbel'td conaec~t1vel7 and be aubetantiall7 1D the tollow1ng
fora, ~o-wit:
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