Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
ORD 1982
~~-. (,. '· .. -~ ?- _..... ~ I (,· ·;:.:: -,'< '• :~·:.: . ' "~-~ ' '~ .. :.·:_;.,;.. '<;, ~;-7':/. :· .. : .... - :-·-·. :\. ~' ..:_. li::: . :·· :/· /'. ., > i: ·t· . ,• .'-/; '& ·:.; ·'··~· '··: ~ •' ,• .. ,· -,: ... _, "- < ~ · .. ·~ . '• /i .:.,•- ~ ' . ', ·~ ':..I; _~,: -_,_ ·,_ : ' -.·;-~i •. ·,_: _,..,., ·;·. ·~.·-· •' ,.;. ·.~' ·: .. '· ., .··. ·; . ~· . : . ' . ·-~-·_, : ! ~ .. 'J:: ·. ·.·· r-~ .• • ' ;·_·_-_ --'~lr. . -~~~- •. j '· ,, '' _·, O:ri&fn&l '·. ,· ··:;.·; :: . :ORDilU:NCE :NO. -191.Z _ - '~-·:~<-: ;./ <:::C:-·-::·_~; < ;,, ··:~ -::·:.:' . ' ' :__ .. · ... ·.' ... ' ' . ' . :. -: AN,;&RDI)lANCE OF:/THE C!TY 0.!'-PAU~:.;AL'I'O PROVIDIHG POR THE . ·:,lSSUJUie'fl· .. Of' . .J3$-l50."000 .· OOli.CIFAL AMOU!f.r .OF' '•crff OF PALO · -· ·ALTO M:ONICIPAL 'IMPRO~"'T-~; _OF l956n; ·. PROVIDIMG · POR .. THE;:IS8'0'ANCE o.r· SAID .:BONtaS IN Sl~; ~H:P..IBINC TBR 'A)totJNT~~ DltTE AND roru-t·o~:SER:US "E" BONDS'·!>F SAID Atm!OR . : -:.:·IZED :.ISSUE AND. OX'. THE -:COUPQN$ T<> BE-__ ATTACF.t!D THERETO:: AND PRESCRIBING -;THE M/(TURIT!ES THERJOOF; FIXINCI .THE MAX!MOM: _RATE OF:~T'-ON _SAID•:B()MJ)S; AtmiORIZD~:l '!'BE. EXECUTION ·.: -· OF' SAID· BONDS AND C.OUPONS; . :ffiOv:tD:ING FOR 'l~tiE fZ'1Y OF A :. TAX ,TO_· P:AY: 'mX. PRINCIPAL A..-m Itt.~ ·OF ~~UD~ AOTB:ORIZED ISSUE:;' .. ANI>. DIRECTING .NOTICE ·oF: :SALE OF SAI~D SERIES "E" . . BONDS TO. BE GIVEN. : · · . . ~ , . ' . . . . . ., \,_ ·:, ;::_> ... wHL"'iEAS.~~ ·all the· requlrements' of: law ;:1ave been complied with .. ,in.: ·c~llfng and holding the special bond. e:L·~ct.iOn held :ln tll-e' C1_ty o~· ·-~lo: Alto on. the 5th day of June, 1956., at which election five • p~poe£t.tone· to issue .bonds. of said City :L::1 the aggr:ega.te · p~.inci.~,~:::·::swn -·of ._.,3 .. ,150;000 were sut•mi.tted to ·t;Jle vote:r$ or said . . '.·' . . . -. _Ci tyi i~~ 'the cit7 Council of ~ud (i1 ty did dul:t and regularly ca..•wa~s .. · c1etet..m.rn_e &.1'ld declare and does hereby •:ert1f'y that Pr~Po~~t.1~ ~oc"': 1., 2,:. ,3} 4: and 5, submitted at .said election, ., ' ·. ·.. ' .... -: ,'• . ' . . . . ' ... ~e6~1;~d \1 t s8.1.d. -sp'~_cial bond. eiect1on the af'fi:=-mat1ve vote . o! mo~e -~ t~6-t61~2,;:Qt .. a.ll of' the voters votifll; at ·said election: -... an.d · ~e:t'e :.there)};:= ~e\i 'ind. adop~ed by . said, e:l~!ct1on, and the ·:1~suan~e o; b?~~s 'b~ 'sa.id. Ci:ty<'ii"t_ t;he pt~1~c1pal sum or $3 .. 150 .• 000 tor the 6~.1.4!ets. and-~~see here111.a!'ter and 1n said Proposi t1on .. ~ ·,· : .. , _;. ~: l'(OS. :,1,' 2~ 3,. 4 and:.S;•i .stated was ~tuly _authorl:Z1~; -:.:. 'NO:W1 . ~OFtE 7_· the Courw1i of the C1'~Y.,of Palo Alto doee o~t-didn as :f''oll6wa:{ :: ,. .'··, '.• .·::· . . Section l• ~ 'That. all act:s, conditions and thlng.s --:· ·.: ·.:: req·aired~y.J.aw:. to exist .. ~ppe.n a~ld be perfol~j~d-preeedent to and in: tb.e issuance or ~said bonds. have existed, happened. and·. · : ; 1j¢~ 'pe:.itormed 1n due time, rorm ain.d' .manner ~' :t"eQU!red by. law. ' ' '• ~ ... -. . ., ,, '\ ~ '·: :(~ I ·. ( ·.; . }. ' /~ ' ' ~ "'. \ ~- ;y ····.-::..·· '.:· -,..., ¥'· ·,._ ... '~· '-_:_ .· -1- :t.;'; ·. '" \ .- ~· ~~,. ' . .•. r. r... -' , .-i-.. ... .I ~--. ·r I' •; ' ~. ' ':·'· •'•:•' ~ .. (.~. .. ... ~' ~ ~ . ', \.:·. ' · .. -:~ ,i. ' ., -~·· ,. . ~ .... ,., .•. . .' -~ '/~ '. ., -~ ,' ,, - ,•:,·· '·:·' ,. ',., ·,. _(_ •; "' .,. .,.··. :· ~c~~~-rM~~~tm:f.!!lil~~~A~~_,;,._.,..-~· ~.··. \.~' (~ .. .· ' .. .. , '· · .and sud .,:city: .;or PAlo Alto is now: .. :1ut:non~d, pursuant. to each . ,.· ~~ ~ and ever;-. n..:qu.irement or law,. to 1l:1cur :fude'bteclneas 1n tl.'ie manneka.r~d i~l'Dl .as 1n th1a ordinan~~e provided~ . '. . . . . . \ .' ' ' ··~ .·. _:; : !Jjt_~1or.:2. 'l'ha.t. the bon~ia ot the· C1tyw·or Palo Alto :1n the~ .. ~~~te· p.ritlc-1pai sum ·or :•3,150,000, ·t;o be known: as t•c1ty-of :l'S.lo Alt~-Nun1c1pal Ilnpro·veJ:~ent Bonds or 1956", shall 138U~ t.o -·Pa:lf tlle COSt. Of; t:h& ae<:;.~1:sit1on~·: cona·truetion and. COm- ,...: ,'I ' ' ' ' ,. ''•" l' ., ' plet1on or tbe following municipal im1p~vemeni.a of said City a.s:. , ' ' ... .. . . ' set forth il:l-: the following pro.pold.1t;1Qn.s, :to wit: ' '. .· ..._ '. _, .· ,.;·. . ' PROPOSITION #l. Shall the ·c11~y of Palo. Alto incur a bonded. 1ndeb1t;edness. 1n tllE· principal tiU1I1 · ot $600,000 for the ob,ject and pu~.i!JC·:,e of a.cquir in&7 constructing and com.plet:1ng: the foll<),.ri.ng municipal improvements., :to wit: · a.dditi1::>ns and impf'O(:w~nte to the: sewer collection and treatmenil: system or '!the City or Palo A).to, including enlargement ai:1d ·.expansion c•f the e:ewage treatment plant, trunk lines, outtall lin~!:~, pumping :" ... :. ~qu1pm~nt and other works, : pro:pert.y or at~uctures neeea- .· i aary or convenient for improving the sewer ¢olleet1on and · ',,'! t,reatlllent system. or the· C~,ty of Palo Alto'!. ;, .PROPOS.ITION,·I/5.: :Shall the C.1ty of Palo .. Ali;'~O::i.'"'lcur a :. . .• ···, • > • • bonded 1ndebtedl.'less 1n tb~~ principal .. . amount ··C>f, $l,250,00<t tor t_he obJect a.nd. pu:rpoae ot. aequ1r- >. mgl' · oon:atruet 1ng and eompll!t ing the . .t"oll(>lfing m:.."11c1pa.l 1mprovenients~: to. wit: addit.1ona anti imp~).!!Tements to the electric distr1-a..xt1on system of th~ City o:r Palo Alto, :tneluelirig.. eon!iu1ta, ·_eablesk,troanutormera, :Htnd: othel" fa.c1l-· it1es, ,tiqU,ipment .. and appl.1ariees, land and: i:):ther wol'ka .. . propet't:y,or st:~"Uetl.l,re& neceaaa.ry or convexdenti:for: the . elec,tric distribution Sj'Stem. ·.of t;he City, of Pa.lo A.lto.1' PROPbSIT'lON f3. . Shall the City c>f Palo rito iPeur a. ,-.... : . . .. '. , .bon.ded 1ndebt·edr.l&fll.:a in th~ prL¥ae.ipa.l · ' amount Ot $300,000 '!'OX" the object: and purJ~Ose of·aequ1r-· .··. 1ng, oorustrtict1ngand· completing the foll<)lfing municipal · improveme-nts;, to w1t: additions a..ncl int.p~)vement.a to the s.torm. ,tiewer and drainage sy:&tem c~f :the· Cit:y of' Palo Alto, ; ~ -. ') exteri:s1ori a.nd ~eonatruct1on or. storm eewnr and dr&,ina.ge ::: fae1i:1~1~~:~ · l&nds 7 eulv~rts,. pi~:·,: p1pel1ries ·arid other .... · ,, wo·rka, :property .or structures .necessa.ry Or.': convenia·nt for · · .1mj)rov1ngd~he .sto:rm. sewer ~and drs~·inage . ay:~~em, .of the: C1t y -·~'. ot Palo Alto? · · · · · ···· .f,RoPilsriiON @) ;Sbal:l .the City C>t Palo i.J.to incur a . . : .; ... ,:.;, .· .. · .. .bonded 1ndebtedr:~es.a 1n the prine1pa.l: .•. aJ1ilOU.I"Xt ot $700.,000 tor t:he object: and purpose o-t' acqu1r..; ,:~lg,:~:COilst:oucting and completi;ng.' t .. he ,follc,wing · mu.."lic1pal··· · 1:11provements, to ,wit :: a ma.1ri :li'br&.l"S' and bra:n.ch library, irieluding 'buildi.nga, hzon:lshings ~. ·fixture n, bOOks" equip . ment. and other works, prope-rty o:z· atruct.ul:oets necesaary o:r convenient for ·sa.id library purpc~aes? . ,, • : J ~ ·: 7'. '· ,., ,1... : ') -"' ~->:-· ·: :. ,·:, ·' . o/ •• , ' . .. -.~-nr"'.::''-:-•·c~·: ., .. .,.., ·.· ·: ·•. , ' ' • ~ 'c i .. ·:·"-·'· ··· .. !-. !.;-' ·~-: :, ~ '·I .. ... ~.,,..~ . ~· ~. •t-i""'' ~ ~· l·~li:;;'"" :i:t_ ... i ... l~t! .. :• I_~~-< ' '"': .. ;; ~·-:~ _. ,· .••, . ,_ ~·-,·. ·_.,:: :·- ·.·. ( ( ,. ;·.: r, .;·· ·~: ·, _,. .1-•, ...... l. ,· f '•·. ';: _,.· '. -. : ·~ · .. .. ~ ~~ . , ... _. :; ; ,',,• ._:'; :· ) ,·· .. :,' _1, ·-. ;...• .-.:_ '·\ ''" ,' • ', • ':·~~ I ··:·\ [>:·:: : ;· .. ~: r:,. . -'· ·-· o·· •·._ ·(jf . '.;:~ --·~~#xou212 .• , Shall.tbe Cit~r-o;C .~Palo Alto incur a.·. _ . -Ci< ... · -: .• .-.. .bonde-d :!nd.ebtt~dnJ!S-3 1ri the p:t>1ne-1pal ..... , ·-·~'#.:<>·t):j·3PO,OOO tor ,the .o~,jtte,t.. and ~rpoae o~ _ -. _ .aequir'ing;.-oonatru-et1ng anc1 coma:plcet1ng .tbM rollowixlg , · ~e:1pal. ~·improvement a, to 1of.1t :: . public ~uks, play ·. ~43 and. ~recreational centers, 1.nelud11lg lands, ,_ : ::t;~ldinp 1 · .playgrounds and. recl"~at 1onal-el;ui}lUI.ent a.J;ld appal"atws, landsea.p1ng, lighting :ra.c111t!i~8 and build- -inga. and,zo,ther works.,. propertu~.e l::>r ~tru¢;C:urea ne-eeaaa~J -or• _eon7en1~nt tor public p8.lica ir p;l.aygroUn:cio and recrea- ' .. t.1onal purpci~s? ' ' ~ ' . '-~ . ' Said $3,150,000 principal a.mount ~t ·said. bonds shall :.be issued 1n whole or .1n part as l'l.e;re:tnarter 'set . ,• . -· - .forth .and Bha:ll be sold 1n ac.~ordan<~e with la'lrl 1 at not _leas than tne1r•Par ;va.lu.e and a.cerued 1nterea1~~ Said-b<1nda shall be tU'V .. 1d-. . . ' . \ ' ' . ·' ·· : ed.into _a~~ies wh~rec>f_,$900,000 principal amount of ea1d bonde : . ' ' ' • 1,~ ' • '., ·,. ~- ' ·~ -,; : sl'la,:l,l ponst1tute Series. "A'\ .500,000. pr1nc1l)l~l amount of said 'bo~d~--~h&ll-~onstitute Series ''B'', ~~l,r'OO,OOO principal amount ' L, • " 1-., • ot. ~1d bonds sha.ll::-const1tute Ser1E~e "C ", $500,000 pr1rie1pal . ~ . ·-·: amount of·. sa1_d. bonds; shall const1tut;e :Series ''D' and $250,000 : ,; ·: .~: ·, ·' .: p~.lnc.1pa.l amount: or said bonds shall Cl:mstit-;.:.te Series ~n. ~nds:of' Ser~e~ :~~ or said author1~:ed 1asu~ shall be negotiable . ~ . '' ' ;. . ' . . . in.· rom &.'ld __ o·f the character k.'lown. as aerial and al".all be 250 in numbe!:"; numbered consecutively :rrom B-1 to E··25C, both inclusive, ot the denolrl.nation or $1,000 ea.ch,. Said 54~r1es ,''E" bonds· eha.ll. be .dat~d December 1., 1960, which da.t~e is her.iby. tixed and deter- mined ··t~ be the da.te. o~ the issuancE~ or sa.1d Sei'ies .,"!"1 bonds. ,All o_r said. bonds shB.ll bear 1ntercast .f'rom t·ne1r date unt1l paid at· the rat~ or rates dref!ignated 'by t;he City C~eil of the City ·-;;'.'· . -. . . . ·. . . . . . . > of Palo: Alto at tbe time. of the salEt or sa.1d: bonds, but not to exceed. tour per ·c~nt ( 4~) per annumJ~ ~yable· se:o:t1-annu&lfY·, Such interest shall be evidenced by coupc)ri;s attached to each bOnd, and .· ~ach; Of said coupons shall repreaen1: SiX .mOrlthe _, interest .on the . '· .. ' ~ : ' bond t9 which it is attached. said 1nte.res1: eoupona shall 'be". ;, . ~ .'!';:.; e, ·.·' - 3 tv- ... .. :~) ,'" '·''' -~: • .,. ~~·~'~-~--::_· If!..-~? • I r~·,~ .. ~~~f?~: ., _.-: .. ·-• ._.... . · .. ,_ ~ ---~--~-.. ~ ~ I -• . _-' ·--.. -. .... ·" ,._.... . l ;.. ~· ~-,-.: •.r:.· ·' . ,.·,' '' ·' .,. .. , :,, '· ~. 1.• .,;·, . ., ... .. . •·., ,·. ····/""'· ·.:; -r, . ·~ :I~ '. .··: : ~- · .. ,.. '. '~ .;< •, '< .J~.: ~, ' -~:·~ '· .,, ( •I ·:1 ·,, .-..... ·'''· ( ' ... ·.:. ..... ,',·) ;,, '"\, 'v" (>~c·~·"!:'7-:-!l.:i·/'·~'....,;~~(i~fll.--.---·~~~···· 0 0'· .. ··,. .·· ·. PQ"a~~··•·.on: :t.be•· tint .. day· of. June. and .. tb~e .t:lrat day-.:ot·.Decu'ber· • ' •,•,· ' '' ''' ', '·, • ' ',• ' •o 1 I' ~.~8.c~·.:i.ar:. untit. ~·-at ·.1~ ·re:a:Pecl:iv•' ·ds~tea ot:' ~tur1ty of . ~.1d.':~-· '(the t1rat eOu¢~ attached tl) e2~eh bor..d repr&aenting · .· .. ··~~~;~\~r 1, ~!l6Q.to:Jm..;,L~ l96l). Said,I>Qride ... aha.l:~.·JDa.ture a:rid··be payab.l~ .1n eonee(:l..~:tv~ :b:amerio.al ord'er., ~~~<~~r ;to hi~·~r.~: aa>to~o~~" ... to w11~: . · : . '·· ', .;." ~ •lo»ooo:),e:r>:rctu-trom Deeember lli .1961 to December 1, ·~. ·. i910;,,both/'7"'" lncl~aiye., ·and•. ,.,., : .; . . : .: '. . . . ,' ·' ··::· ~-., . \• ;' 1,','' . $15l'000 pe-r iear .troa D&ee:~r .1:. 1971 to Dee~mber l, 1986 •. ~tn ~(1.~ ~~l~a.i.'le,~ •.· · l10th-th&: pl-ineipa;;:~r-'~il~ :in1;~re.t on S<:..ic: bOnds .. shall be payable •: ' ~ ',J\ '• ,' \ ', '•. > ' ' ' •:• I' ' ' > ' o' ·&;~' the·:.i;,tt_1ce of tbe:'City TNaB'Jr'ei" c>t 'ChE!· City c>t Palo Alto, ·.·.·~ :CS:ifromi&·;· ·jn.: ~fia);;:•m:in;y.¢:f.the Unit~~d State3 ot America, or at ' . ·, :'.. : ,' ·, . ·. . . . ' ,' ' .the 'W~lla hr&o :Sa.rik:: ~r1ean !Trost Com:pariy. ill ~d.o .Uto, Cal1- ·r.orri:ia, at.~i~~·ts ~Pt;-ion?<:' . .. . ;.~ .s&~tion. 4 •· ·. Said·. bonds shall <ea•:h be 8':bst.a.nt 1a.lly 1n ·'.· ·the ro~low.1rig tom,· the bla.riks in· said. to:rm and :tn the. ·form of: :; . . coupon g:fven below to be till.ed with appr:>priate words or f1sures, \:·· ··~ly: /~,.~-~ ·._t ·--~ .·; ~ UNITKD STATBS'. OF A.MElU{~l STM'E Oli' ·c.u:~BNIA. ... comrrT OP S.:N~A CUJ'tJA. -:;' '~I'!'!' OP. PALO Alll'O· JIJHIC~!1AL-Ill~~-~ 01 1~ . '• 'NO· •. "E ~I :---!--..;.....~ $1,000 >TM:":C:ITY OP: PALO: 'A:UrO, a JJ~Ullieipal (~orporatlon~ orP:nized .and existing ·under~ .the · Const.itut !:.-,n and .laws .. or the :State or Califor nia., •hereby ack.nowl~dges itself ·;:indebted:· and ;for V"d.lue received · prci~s. to :pa?:to the 'bea.l"er /,or 1f:th1lJ :bond b•! reg:,atered, to · . the regist:E:red:.bolder ~hereof}; on .the .1~; da;y o.t December,· 19_,. · OD TBO'CJ.SA!l'"D DOLLARS ($1,000) 1 together-lf1th 1nt~reat. thereon at · the rate·. of' · pel" cent ( · '.).per annum until · .. p&~nt or ·said ·prtneijiil sum 1n :t'ull., Pli.:Yable tt·ermi-annually ·on· the .. t1rst day·:o:r June and the first day •'Jf' ])e.cember or ea(;h year. Unles:• this bond. is reg:tste.re.d, such in·t,ereat, prior to ~:at·ur!.ty, · . 'ShAll be payable only on preaente.t ion and aurren~er or the P~r : :tritoreat eo~n•: bere-eo attached· &f! the~· rea.peetively become ~ .. '·· ,. . ' ·,'_; . ' . ·: ~ < ·:-. ··, .,. .., / · .. ,.., -4 ·' ~ ... : ' . · .. ~ ' ~.';':' i{~~-~:, , I ..... ·· • . 'I' '>I ·'. ,·. ',' :··. ( ••• t ''·· "·, 'f• •\ . ·.:~ . -.,~ ,:: . ~ ~···· I ~, '>;.··· : ,~.-._,. ·.·::··· ·~· ... - -~ ~-~-. . ·' '•. ,·;· ··• i .-! ··_,::. ,. . ~ ;.'· :•til ,, 'I ~~$$ ~~ ' '. ' ... '. ~ ' • f " • ··.' ·.·-· .· .. ;.,.;·.•i·,~·~·"r"~';.,.;,;~~!'ll'~~"'\\l~~·~~~~:.~J.;. /• -~-::;: :·.<. ".·.·,.: ' ' .. •. ··: ~· . .... '· n· u ..... ,. ', _.,_ ....,., 0· ~;~ ·,· "' . ',. . :::';\ ' ':· ' ' . •.' ._'· ', . '•: .~t-:.·/ .. ' ·, . ':'> ·.'' ' ~_-... · ' . . ' . '-,, _:·, '·, . . . _.·. ·. . :_. '. . ., ·, . ·.. · Both >thtr'pr1ne1pa.l ·or·. and.·-1nterest 9n t:h1s bond ;are pa,.-able in ··· · · · )&wtul.:jlioney.~ot(tbe···uni.te.d Sta.tea or .AILt~tr,.ica a.t·· th1e.·a:rt1ee: or. _-, tP,e iCity;' ~rea.u.ntr .··or a.t~. the ile:lla: Fa::t")!;O: ·Ban!c .A:ae:i-1ea.n .'h'ust ·. .. Com~ .1n. Palo Alto., ... ··Cal1toma~ . · •...•. ·. : _ .. · .·· . · •. · · : · · · . ' •' ', I ::•-, • :; f ',~:_ .. • • I{: ,; ~ ' '. ,\ • o I ' • I • · •• 1'h.ie• be: .) 1a one.; o.t · a dulJ': autbo:~Lzed 1e8"Uter ot .. bonda , o:r · ·a1d Ci.~t ag®at·i~ Tbree ~n Ol::a~t H\mdred1'~7·~ :Dollar's: {:.3;150,000) in pr1ne1p&lc .. amo,w-:tt, all 01~ like ·tenor· .. {ex~·. t"or . aueh · variations·s-.• 1t )any, ;a.u may be x-equire(l t.c> · • · . .: . deaigna.te nr:ring ·•Hr1ea,· numbers, ma.1~1~1tie-s ox· 1ntere.at_ rateaJ., ·and~1S' .. •.fasued unde.r.cand• J)U:r:aUan't to tho <Con:st1tut1on and Statutes po_f'i=7t}le)St~t~e-::or Calitomia, .and. under cAr1d .. pur$u!~t to the ord1il-; ·• ., . &nee a :'and proeeedin.gs: .. or said City du:l:.~ :ado·pte'd. and taken. and a· · .. • 'VOte ana; .ai!Sent· ot. :mo~ . 'tba.n 'two-th1rt1:5 . (;;.f. all· :tih~ qual.U1ed . . . . . .. ·ele-et.ora· O.~,aa:1<.(C-it:9' yoting0:at:a a:p1t~::1a.l .. ei~et~oh::~;.:tu1y .. 'Yllle~· .. '. . ' ancf held·:• :ror~.tba.t purpose. . . .: . . . . .~ . . '. . ' . :_> ... · ... ': · .. ' 'l:t}'is. ~reby eert if1ed) recited . a~nd deelan~d t~t . all a~ta .. '::·~ '•·) · · .eond1t1oriS:. ,a;nd tl;\inge require-d bylaw ·to. ex.1st, happen and to· be ··.·. ·• ·.. . performed)· prece4ent to and:,in the .18•rUa.nee ot t:hJ.s b01fd _hAve . . . >.: :,; . , .. · •ex:L-;ted'~ ba:ppened and ... been Performed :tn due .. t !mE~~ , tOrm .arid manner : ; . . &·s {require--d '~by JAw,. an<i that the : amowlt. '0 t.· th.18 bond.,. . ·~oget}";e'r · =. );it;h ·,all other 1ndebte'drie.-.,.ot' said C:lty-1 d.Ol!8. not ·exceed aiiy 1Wt·p~se~1bed~;'by t}le et~nit1tut1on <>r· Statuten or· .s,(!.\State,.· · .. arid: that. prc>v1a:1ori hafJ. been. made as ~~qui~ by the COnat1tut1on ··.·and st'&tut'e;s·.of"· said state· for the .·.eoJt:tect1on o:~ an SA"lU&l tax . sut!':t<:J.tmt: t.o pay: e~ < .;s)rin~ip&l. or;, aru1 1nte-:reat on, this bond, / as:'tbe.:::same~-~beeome:)i~-: . .;;,. '·The <full fa11:b·· and ered:1t ·or Mid C~ty -' ···: are :ne~by ple<tged·:.:ror t:he punctual ~~.y,nent of t~he pr1ne1pa.l · .and 1ntereet:.·or t·b:ia::oond.· ... • · · ·· .. ; .···:~a .bOnd: may··.~: registf!:red in .tbe m:m."ler prov:ided by law, ~·· ·. · and therea~ei' .·th.e principal, hereo.r ar1d iriterest;. hereon shall ;be pay3;bl'e only\ to such registered Owt1er. . ·. •. · . .• .:.· : .· ,· .... ~· .• < .·. ·m}i~ ·~P,: the: City pf: Paio .Altoh.a.a eaueed \~i! · : bOnd to l)e. e~-te-d,:urider -it·& o-rr1e1aJ. )SI!al.., sittnetd by 1ta Mayor .. and'1t8· ~&urer •and eour.~tersig.')ed ~r :i'tz Cle:rit:, and ha.a eauaed : the 1nte:re·et• ~ouJ)ona. hereto ·attached t:o: be. •18n~~ ··by ita Trea- ·,;J. ·. slU'er<·andth:ts•'bond to be'' dated t-he 1Ht..day'·or·Jleeember~<1960.·. . . ' . . . ' . . . . ' ' ,_.,:···· ,.. ···:·. :•/ . ... , .. ·: ~ ··. ··Treasurer ~01 the ~:y :orlililo •lito ~\lrlters~ed: •.. · .. .'. ·". 'o": ~·.I~ ;,,'" '• '_;,.· ~<~ c/·:· ~ .. :~, ' ' ',: ':·/:.· city =Ciei'K or-tFie • e!t :v or .. · · :: .· · •Palo Alto.~ · · , · · ., ;_..,. . ~·· !·.'·' . _,· . .. ,.', ·>·· ·--/ ._.. I'" ··.·\.' ~ ; . -.' .. ·~ '•/ ::, ~ J I •]', ' ,' ; :·:, > ~:..: . ,':· ..-·:: :; __ ·.·' 1.1: -. .':::., 5 ., '· ;·!', -.•: . . \ .;: . ',.:_ . , ;·: ·;.·-, ... ... I ~ ·t I 1- ~· ~ ... , ·: .. · I,. " '· (,·-! ., . ·~ .. ' ' .. : ~ // -. ' ·, <L •, ·~• • ;>:. \ ··> ,:· ,:'.· ' ' .. ~ ·. ·, '\"R•I, .;, ~-.. . ,_ '" ;. ............ '•' ·.:: :-· -.,. _(,;:. -· c.: I; .· .. , ·.·~ •i ~;;;:;a_zw;:;z;;;r;;c:Al44At.4W9.i}ND41ifl141Ai5.A A 4TW$2#((~4AWPVICU.R;41!_AX,A_;_ .a ACe;.$ PW ,ZW .,:; .. ~ .. ,.... ........ -~-; ........ ~l~~""folf,_~,. ...... ~~~--lii~~~-~~-~~~~,I;Clll'l~,....~~~ , ~ '•'''""'/"''~'''• _,. ......... , .... ,. ,,,.._,.,_.,~,,~,.."'.~. ··~~:~··".•"~;•• , .• ~.: ~ '·•~--~ .. '~,\''"-•~~••-' .. ._• .... •:-•·•-..., ,...,,..,....,~HH'-'Io,.,."' ....... ~·-:••·.~-........... ,~...-. '~' ~'""'' "•:-"":':"', ~~ • • .'' c' ', '", :~ • • '• ," f • ' 1 • :• ...,.~, -:-~~o\.•110.~ • ~' '•' • ···•;. :·.: .. :· , a·· ~.·.~: ,. . -· .· . .: .·:· .... ,_ .. -, o· :·· . . \' ·, . ' . . . :;._ . .' ...... . . ·:; \~-,'• ··~ . \:: :::: . CoU)I)OG: Mo .. · ___ ..... · .... '' . ·... \, •. ··'i) .• il~.f. . . / '¥~·· ' ··,. -: . ·. !'BE. :C:rft': OP ~J-Jl.O :ALto :Wtll: oft: ·· .; ···tl1Dlilt6:1,*;·'witb1n~·-•n"oned.,;,blo0d·.ble .· . ~ ; l' . 19 11, -- . ~·- .,, '~-'. reliS·t:-Ncl)''p&y /to bearer ln. l&wtu1. ~DMY ·, - .. ot :tM::•:Vrd.'te4:.:S:tatea.: or a.er1ca ·~·the ... :· · otri~· ·ot 1ta'••C1ty~aaurer o~ at 'iiJella ·.::Pa*cO: ~ ~caf:t>~t.~ny 1:11. . . ::pal~· nto; ... · ca~ttorn~,. a~ holdttr,;.e · tWI.4 .•""""'''·:· .... ,...,., ... ,..~\ ... ~: •. ;,.o.-.;."" .. ·.h .... .;(,.AR ·· -r''""-'7~:.--·:~---:-""v:'"".:';&' :~~,.,.~·' ......... ~ .... ,, .• ','' l:Mt~,rig ;"Six 110otl:Ut·•· •· ·tnte~et •then due -.on:.··!ts<Mu61Ci))&1: Iaprove.-nt;.Bol'K\:.·or· l:95f):;jd&ted December· 1~ 1960.~~.. · · t.,;.;... . ...,.,_ _ __;..o, __ Ho. E _;;,. _ __,;. __ _ ~-. ' > ~:.-·~ ·,-l . '}')'::;/;>::.; >." :.'"'··.-~~-: .. ~ ' ,• ..... , . ·' ,. ~TO ,:.· ·;_:· · . . Ti'iuurer· ~sr-"thi tt:tj "b'l'".:fir6 ~: : . . ' . . . :··.,; ~ . ' . .' . ', . .,.·' ~-. . . SectiOn·.~··~-~<MaYor ot aa.ici City ot .Pal'o llto and/· _ the Tw.:~r ot .aa1d cit,-fire •. he:re·by awthorized and <U:~~ed • .. ree~ct1~17:i~····aucm' o~ri1c~~, t~ ''xe~,!te ·each ·ot\8&:1d·-•lx>nda o~. _; ... c.·/ ... ; ::·: :· '., /,:•;:.:·:·;, .. _\ ... :· .. -.· : . : . . . .. ',·' "·-': .... ·_ . . behalf": .ot·.sa.1d City~ and tbe c·ity C!lent,_ or-orie or mo:re···or her-:;. .:-... ··" ·•·: :. ·-.. : .· -.'; ~ : :•/.:'. ; ' .... •· .. '·.· ... :... . . ; ·.' ·. .· .. '· . .... . . . ...... . ;·deputies.,.-. ia hereby autbori%8d and d1~'cted ·to eoiintera1gn ea.~ ~f' ·~d· be~,:~ to affix the off'jLci&:L -ae&l :of :U:id •c1ti the~~ _ . .·· ....... •::.:··· .. :.~:-,: ... -.. -· ....... ,, ... _._ -·. -. -,-·_:·x .. ·.;,:.·._-r. . . .•··to;.~ Said,·Jia,or..&nct .. ·-r.~a:airre:r a.'re hereb1-each, ·respectively, ' •'' ',.'~• •; (:,; ,: .. ..::': .. ; .. '•:,i::.:~.~,;: ·~·,':.:•_:~~:·.'~/:/~I,'."• I ::,,,"·,·,,>:"·:~>','I•(~::_.:;>,;:-:.·.-· I •: ,• :• •:'.~ ' •~ ·:'!'' 0 '. • •.:-.< : , ·~ ~ • ' ', •,' , · ~: '· authorize!i'to~~au.ee \S&:1d·boods to be a~tgned by their pr:lnted, • .. .': 'w,; >·.·,: ;:·,::;.·~ .. ::· .. ,~;::<<~-; ':~·,~::, .. <<.?·<:··.::··.1·~>:·:-~·J .. ,>.: ...... i·.~·,::,:: . ~·! • ·':'·,, :. ' ·.. : .(• ." • ,:· ,' •.'' ;, 1 '• •' ·', • ·:' ~ • •. • \..... " · :i}4~pbed-o:r. e~ved 1'aoabdle sigrlaturea. ·· &Ud Treallurer :: I !~}~::.::~::·.,j;:·:.;~:~:~).}.::;,);~)'i;.:.,,J·.:':.,(/·~l:·.·.::-,~;~• >~· <:·.·.:··~·:-,•,,, '_. '~· .. -:'.",' ' • ,• :• ' ::, ~-,.'',,'I , ::,,'' ... '.J 1 ",,, , ' ' I~ . ·u~ &e~l;)J": •. a,u;~rized;~ and dir'aeted to s~lgn each• ~':>t the i.riter..at.~. · .,.-· ~>·.~··'!::"~\·,·.·.· ... ·' )',,:.,-. .'\.,: .. • .: .. '•'•.' .· ,,' • ·'·I' ' • ','.' • I" • .. cO\lpona by ,J)r1nte4~ ·.lithographed or en,!X'&Ved f&¢S:brdle a:1(cM.ture .. ·-... '. ~::~~~~~~~~~:;:17~=-~1~11 . ::lf:r sa.14 C1t71; and ·all ~'tld'l~_ a1gD.'I.t~ ··~~~d co~e-n~~ure•s;p · ·'. :··.' : ·~,:.;·;~,;.::<i<;;";.~;':': : .... :;. •·; .•·.·.-.·.·. '.-·,_;::: .. >:·::;;'. ·~~" ::.;-. •. ,::' ; . , ' _ ....... :; .· ,_ ' <· -· -._ .. · · : exeept..ing:<tu.t -· 4>t' .. the; .Citt C:lf:l'k · o~ ·.Mjt• df..put . .te.<J~ .; mt7. be .. prmt"ftd..t ·.' ~,.{\~•(::· .. ;:' .. ::·:::.·_ ;: ~· .-:.,::: ·.~.·.; .': ., .· . . . ....... ' ... ·. . '-·.-./ ' . ·J:~t~J'Jtle~l::o'r e~:Wct:.. ·· .. In: Qae•·· any:, :or .. aueh <)ttieen.•whOM ~-> .~.~~ ... · · ~itM'f~rc aue}>'*1Pt""• or. cporn~i&Mt'd• ah&ll • ' ~ ' T. _-.. ;i·~ ... · I~ ' ' . ~ •:' ...:. / •' ,-·;· -~' ., ·.· .. ( ···i. ·.~ .. ' ' I. '~ I '• .~ ., . ~ ~~·-... ' v ''•' , .. ' .· .. y ·: •\ . ' ,. 1,_ <'I, ·., .,·' f:· ' ·, . ·. . . . . . ...:,...,....,_,__~oot,..~-'-~~~~N~~h:W,~PJii:M'IW~~~~~~IDiw.-. . .. .. ("''1 ·.J;I ,, -::• ~\.· ·~~ ·s&~~iori 6. ,,Po~ the pu:rpoee or .pa.~~ tt:e pr:ine.1pe.l ~d\:\ht~~~::·b~ :·~td..'bond.s~.·~be ci~; ·~otmcil.ot t~e City ot ': .. ··;~·:.-:.::'·/''·~·.::' ,.?:"-' ':,::;:::::·:,' ,·<..·:>-::· :.;::·-: '. ~ •:' :~ .:···•;' ·. >:' ' -... •'• .. •:• ~ I :' ' • '-·~: :·: ':_~ ', ' • 'I I, •,.,' :': ' •• • ', ' .~~ • • Palo:· Alt9 ~,. . a.t. the t.:lme of' f'Uing t.be general tax levy _:.:.::· '/ >_''. _'• ·.:·:-,'I /·. < ,;:,,'·· .. , ,'•-• . 1 '.;, .• -_' ,•'• ; '·.': 1 ·:·-, , •, -~ , ' ' , ' and. in:~he .a.Mer; tor such; genel"&.l ta.z le·vy 1;:provid~d~ levy and eo~JLe~:t·:~ually::~ach: year until sai,df.bo~~~s ~~ paid, :or unt1l • ·--· ·;·,. ~ L •• • • ' -' ' ' I I )',, : .. _ • ' '. ' there'·~.ah&ll be a ~!JUDi· i!). 'the treasuri of' !Sj'id City aet apart for ,.. ~·_1, • .. .' ·:, ::·, :: ' . -' ' . . . ' J • • • 'I.' t!.~t purp615e t9 meet., all sums coming d.'IJ~ :tor-principal and int- ·.~rest .. on~ truch b<>nda~ a. tax sut!'1cient to J:>e.Yth-e a.nnua.l interest '.:.\·" ' '• '. . .on··auch bor1da &8 the· Game beeome 'due, SIJld also IUCh ,part ot the . -::,-~:·_'"-•". ··(_ . ; : . .'; ·:·. :··, ' . <. . . . . pr;1ne1pa.l ~the~or as ... shall become due bef(tre tb.e proceeds or a . , ·' , • " I , , . tax lev:ted:.at the time tor making the next: general tax leVy can . ·, be ma.~· ay~ila:ble~. ror tne payment or e,~ch pr1nc.1pal-. Said. tax . -. "' -' ~· .. . ' '. ' shali -oe··.1n: addition to all. other taxe:s levied for. municipal . ' .·. .,:: . ' ' . -. "' ' . ' ' ' ~ :;iu:t~pcutee-: and Sh:all be ecillected at the eame time and in' the same :r , . . :, . . . :. ~. . • . " . •,. ma.nn.er::a;:, other~ :tR&n1c1pa.l taxe:J are collee1t:ed and. be. uae.d tor no ~ , I 1: , 1 ' . . ' • ·~~~/,~~-.: tn.ah the payment eft said bon(ie' and accruing 1nte:r- · ... ' '. ' ' . ' '· .· ' ' ~at;. · .. Sai~ ~we: as eo llected shall be rort:hW1th pa.id into the ,' ~;;·::~:, •,': '·,,' ',~:~·,~;','<<!,')>:~' ,... -~~, ,' • • " • ' .·,_;• >: I '' 'o !).!.nd. tor• wl'Uch' the ·3Cime "Were levied and eo1~leeted arid wh1ch shall ,_,. .••.•. ,.. ,_-J,_.,_\' .·,,: • .,1' '. '• ·:· ' •• ,. • • ' '. ' : • ' . be .. dea~~·~·:.,~-i~6,~~c:-1p&l !mp~yemer1t.• E~n(!. Fund.>,. a.nd all· .sume .. to:>be~~:/ J;;O::t:~r t·~{~rine1Pal ~t ~d .interest on aa1d bonds i .. . ·.--~·. ··'1_-:·,l .'I ,-·•:':.~:,·~IJ ', _ .. _,·.\· .. ~·:~.:...~:>·/·, ,·_ :~:·· _;·.·,:,' ·:->;· .. :·:·, :·.'':~·,: 10 ', ,::,,·, :, " '.:· ·, _.' ,· ' " . '·. ' . anall be p&i¢:• tt'om'\81::~· f'und;)· The~ shall .likevi&fJ' be deposited ' 0 ' : . . . ; , . . ·. •• ' .; ' ': • : ~; 0;:<~ : :~: .• ' .< ' . .: ' ' . ·.. . . . : . . . . ' in said 1\md any l'AC!:MY&;·~c.e:tved. on· ac·c.ount.: or any p:rP..mium paid · ' .;--: •• :.~-: · •. ' '._,,.····· o', • on.;o~-~:bon~::;<~~ fttte.re~ .aecrue4 6n. sa'id :~nds from the~ .. <late to the. ":da~:e-.:~<:>£. 4~11veey .. and actual ps~n:ent . •)t the purehaee . price t:;.li"!'r>rr: ; -'.i ' ·.. . . .. . . . . .. ·, ~tion 7 ..... There 1a hereby e:reat~~d: a:ui establ18hed a rudd "which~l:i •·be. kept. by the .T"reazru~:tr ot' said. Ci;y into . ;,·· '• ,' ' . ,. -. ' ·which .sh&ll ... be: depo,aited the proceeds o1~ the sale or aid Series 0 0 ·::~ .-'o, 0 0 0 ·~ :. ; T' ·-: .. :: ,", 0 0 0 ·' ,. ' ."B~ .. boricf.a as follow$:::,. ~ • o ' " •• • 'i . 1 L 't' 0f" '• ,,. v ',· ' .-....... '' :·: '.' ., ·-~ -.'7 .. • •,/ ,. ,':;--- ..,,, ·~,. ,.:. II I I ··, __ -~-~ .... ~-~r . . .. "'-. ·... "'. ," ., . .. .. ' . .. :_ .;;-.. (~t· ',, '! ' '.r· .·, '.•. .. ,._ ·, ,, .,·- .~ . ' ( =i Yr•: ;'".~/. :; c .. ,·:· ".; .· '··· ·, ~: .. ·. jl.· .. ~·- .• ·l ;· /~ G:. \: ~: . -~ ,:.· .... ;·. ·~ .•,.'. 1'.· i .I ·I: • I .-., ,;:,··· . ~- •'·.,' "' . ,. .1' '" .-~~· .·w~ .•, I:···; ·,._ \ . '•'· "• ., _:.; r-.. ',-•.(' clft. ~.,i < ,_ .. ~, ''.'' :; : (~r~i~:n~etric CQnatruct,1on,l~ld~1 by wh:1ch a • . r . ~ . . • , : ': ' . .. ··': :, . . . . .••. . . . .. ·· ; • ' • ' , : . . . . . .· .· . .· . .· record . shall. be ke;pt o.t' the diewrt;ame~nte <•~ tlm .P~eeda .or ' • :(.·::~ • • ~ • ' ,:· -·:·.~ • < ' ' • • :~:~.\. the. sal~ ot $250,:000 pr1ne:ipal air-.cunt or ss~_idl Jlh.m1e1pallmprove . ;rit ~nd.s .dt :1956~ Seriea "X" (~~her: t~ p~j~um and accrued < ,. .... • • ' • : '"•·'' • • • • ~- ·' .interes~ (reee:1ve•d on: t.he. sale of e.a1a ¥nc:la), aJ:td. aueh ,proeee:d.a . :• 'snali :. ~-··applied. ~.}ely. to' the _:~se 8 and obJ•~·~t• spec 1f.ied '· ' .. ' .. . •,· ,:":.::· .•. ;. >. . :;\·_. ( ,': ;, .. ·.:.: ·;. . . .. .. .. . ' ... . . ~. ' . 1n :Proposlt1cn '#2 set forth -in Section: 1 ot Or:d:Lnanee No. 1676; I ·...... • ~ ' I . . .. :· -. ' '• . provided> howeve::xoi that when such purpose a:nd ol:,jeet. haa been . aceomplisb~d~~ . any mone;s remaining . 1n said :run~·· shall be-tHUls-. . . ' ' ' . re~d :to· t11;e•• "1956 Mun.ic:tpal Improvement Bcn1d !"und~ "· .. ·Section 8. The City Clerk 1s dir.~cted to cauae ~~ sur . ~fo•1ent 'number or \blank bonds a.nd coupons ot suitable qua.11ty to be litbographed_IV· ·printed or er~ra.ved and to ca.~se the ·blank ";·.: /, ·, '•· . . spaces thereof to be·: :filled 1n to. comply with the provisions " ' \ -. ' ~ . hereo:f', and to procure their. ·execution by th:e pl"l:>per. oft1e.ers and to ·.d.el.iv~r them when so·e:xeeuted to· the Trea.surer o.r eaid. ,··) . C1~y who shall: safely kleep the same .unt1l' they ~~ aold by. the • • ' -b ; sa1ct:' City Council, whereu~n he shall delive,r~. th4~m to the v..:.r- e~e:r c:r pu~~a:sers th:e~t on receipt ot the purchase· price. said •Ma,;O'r, Trea~urer and City Clerk are tur1~her authqr1zed and . : . . ,: •,.' ' I, 'I .• ' ,' • . •,.: '•, • ' : ~~·.· : ' ' \' ' ' ' '<' ·,. .. directed to,lDa.ke; execute a.nd deliver. to the.·.purc::haaer o·f said . '.bon~Sc a:··~isna~.~. and no-11t~at.1on ce~1f1~~te jln the form Utnt&lly :~®~~···by :pUrehllsera ';ot D,'UJl1C:1pa~ 1:K)ndtl generally, ' ••• .·;·.:.. • ' •• ,' •••• ' t "'' ' • ·, { ,_.,., . :· ~ert;1ry~~ .t.O, tl¥-<;ge.rjui.n.ellees a.nd: due exeeuti.on <•:r .said bonds ' and: ~~er;.:~;~:~ryfk .. t;; a.11 ra.cts · ~.tthtn· their knowledge rela- . . _-. -., . ', .· . .'/-:<< ~-:-...... ' .. ·:~ .. ::· ·,.,: ' . . ' .· · .. ( ~;~ ' ~· . ' . . . ... ·· t1ve t<> any•. 'li.~~t :fo:n .. wl;tieh•. ma.j. or ldght affect isa.i<.t City .t. said ' ' .~·: ' ·.' y::' :·;\ ·': :: •. i/.. :·': :{:\:t<.: :'•< ' '' : .. ' .. ' ' '.:·. ·.·.. : ' .. . ~! ) :· , I ott1eera or .. $a.:t(i;bQ;n.d~;.:::.&nd S:a.id .. Trea.surer i.e :!'Urt>ber authorized ... ·. ' . : : ::j.~ "' ·::::: <;;:; •:·:'> . : . ' .. ·.· ; . . ,. . . . . a.nd-· ct~ted'·:•t9·~~·;: ~ieaute-a.nd deliver to 1:he :purebaaer or ,: :·_>.< . \''.: : :~: .. " :·~·.;:;:;{ ·.' <: ~ . •. · .. · . ' .. . .), ' . ' said' -'bOnds a ~'rre&Wzoe.~·ts:· re~ipt • 1n the rorm usually required by • \ .·' 0 <. ·, I",;., I ''f."" ·,', ·:):~:~:, ,:. , ''c :'?;>'·.,', .. . ':·· ,• '· . :·i, ·-· •' '• ~·-. :·:.::''! ·. . ·, a~-- "' ,·'· •' '. .... ; ',. _,':'-... ~---·-,-,-r~·•· ·--.·------,, ,. ,., •· . .'>:· ·. . '· .. · •::. i.iti!ii.~~~ ' :.--. ( l o'c ·'..:· ""''·'· ,',·.:: 1., ;. ·~ ' ; .. ~ .-• 'c.' <:·: ,,r ., G \': I ~-. ' ,.,··. -~-' '· .•. ~-L4¥ ••-~12¥ w-~;;' .'* ; ....... '-"~~t;~mm u; _., r , . ·c.·,. .. ,)_, •, . ~ :~ .;.: '" ., t . r . , .. i •.· f.:· ;,. ft. v., .. · ~ . If:: 4'' . . ' :···~;,. . ' .~·· %:: ':·. ~~· . '· :~~ l!"e~ . l I ~:) . ):"·>. ·r.''· . . :·~}: .. ; ;· I:· r'.' .. ' . : • . ·' ·-: IIO!fi-M'*~~;w-~~~~~~~~~-~~~~~mll-~~ ,·, ~· ' I . • ,; ' ', ·~,1 . ! ...... <: ..;· • .. G .. -... i '-~;~: ... ~. ·: ''•· :~ .~. ,_ ··~ '.·., ~~i-. ' • ~I .·I'. ... ' .. .r: . ,, ·.}.',. ( .• ~;.·.>: \· .;, . . ·.· .··. ·.· :;:;, ... \ .... · .. '' . . • ' . ' .~·:<l:r:·~:tem~iPrLl .boDt!e·,. ~~·~·the' ~·•• o~.~··· ., : ;.,,,,t'·\:r:••;; '?:'(:Sit;:i': r,,, .. ; .. ) i : ·•, :• .· .. :. ..:_:;~· .. , . ;'\ . ,,~, .· ; \'\·: .:· :. ·~; :'. • .. · . :. : " . : •.. : .'/' :, . :, ,: . . . •·· ~~-....; ]~~ o~ 1&1d.·1b0nd&~' ~!ar:··~~lt* ::call. :1•'>o0De~ ··• a1f~~}~,,~;~¥!'~~~li 4 . ...d.~• .l)een.·· rec.:tfti4.·'bi.:auc1 C1tj; ••·:·J,ay:.:·~~Uer .. or:>i~~·· taker·· ';; ... • ', ·. : . ' : '• · .. ' '; . ,,;·, / '·::·: ·.· .. :' ·: ,:·. · ... ·o~ ··ilo1~ ,;;t,: ~4 bon4a iJI; be a~·: ~iO~-. tci 11e:L7 • :an(t. .. . > . ~ . ": : ~.~\ :~~:, :-',:'./ : . . . . '.: : ' . . . :: . . . ' . ;: .. \ .:. :~~ :t::~:: • " ' : : ' . ·. ...·· . .• . . ; . . . '.· . > :~ ..•• ~itie4 10.· .. rtel!'iag ·upon: a.A!r:: web td;g.n&t1aft m4·~:., .;;.:···., ... ) .. :: .. ;".;{:r;:C:L·~.::\ .. · • .. ·.· ; ·•< ·•··: ·. ··.. · · · .. · · .. · .·c l1tlgati0fi:·:•.cert;it1eate :•0'¥" '~a\U"ert:llf' reee:lpt c::wtth••l"e•J)IiCt··· .. to·.·; · .. ; .· . ,,: ;. ·. :, · .. :.' ·~ ;.. .. . '· .. · . ' . .. . . . : . ; ;, . . ' ,; . .; . .· . ': . . . . ·• .· ·.. . . . . . . . . . A'14''bOD&br:.·e.xecute:c!·····~ .to .:tae· &1:1tl!Onty ·ot··t:h:fii·.·ordi:.noe. ,.-:, : E' .: ;'H~"'p'•• •l~•,;:.;•,t• :••',1:·_·"'\,/',,· .. ·_.,~.·,,' • '• • "+. :.,,{ :' '•, ·}'<'' '' ,,·, •;,"• • •', ':·, .. ::.··,·~::, '•;>~, .:·; ·:. ; .. l!i!t1on~ 9~ · .u~. ot aid Sar;i.ea B:·~d• shall be .otrer- ~(t .:f:oi':j,u1;i:(~; .~~;t~··· ~:!t~ · ~i.ty eounc~l:· 6,~ .. ~i.:c1t;: ot ·P&J.o Alto .:~~<t~.~::~~~~·oi~ ~966~.>~.~e· e·~t,;. Cle2~ .is ~reb7 . ::.· <:\::,·::-··:.·;:>-.:··'. :. •_../c ·:: . ·., .· :. ·: .. · .•.. ··.·· .'•· .. ·••-:. :: ..... ·~autboriMd ·aDd ·directed to eauee. not 1oe of: the •a.l~t o't aa:id bonds : :. ; .; : :·; ~ ·:;::(.' ·: : /;: : .. :· . : i:i·: . . ·. ' .. . <: . • : . • ' . <. •', . : . .. · .• ~.~·be:':::~~ ~·in.tbe·'~:o·•UtoT~a,. a 4a.i:L7 nenpaper "· J '•/.'··:~:q'}-·-'. ':~>-~?~~·.:?_,~~\::·:·.>··''", ·:.-:-: ': ,. ._· .·-~·-:.-·,.~·.· ... > ',. ..:: .. •' \ ' : ~lf~e4 ::iil :the C1t7 ot. Palo :iA,lt;:~.. and . aueb not :loo: ab&ll.. 'be .-.. ·~-~ _::::·::.-:~~·-Y; .. :-~-:~,:::~·-~:;'~::\:·.'.-;.~}.-...-.. ·::.<>.: . . . ·:·: .. :-.< ;_ ~-· _:· ~~·-····: .. _, . ·· · .·. :aubstanti&lb·.in ~he ·rollo'lt!ie :tcifra .. :.to· nt:• .• j< • •' ' •.•' ' I .: .> •' · ... •'· ·, ·~~·'. < . 1;·· . ·.;:/" ·.:·· . : ... ·.;:.,,.,;iol~/. .\: ,. .. .. .,-r, .. · ·iL· M:·· ~~. ~ .• I, (~ .. }%;; ~ ~t- rlt' ~b ~·· ·"'· :f?{ ~t· .. ~ .. , .. ,, ~'. -~~~~-. ~> i:· :}{•;( J -~~r; .. , ~-;~.:· ~(.'. t !t ;·~: ~ .. f. •• 'N •, ;:.: ', . ·.~ /. ' i-'' i _: ~ ~ 1,', l-~ :.: .. · .. ·... . '. ,:; .. ~ OP IAJ.C· 'AJ'.trO .. ~ :· ~( :· . . ·. . ~ . . . . . . lftt'ne& :rs HDIBf onrmr .that .. a:ted J~ .··· . ·. Wti .. ~· .·, ·. < "'··~' .if })' . 'the C'tt ··. ~Clttrk ~j~ .the 'Cit): .ot''·ltaao .Alto: OD .. :.m~.:#&!: x~~: ·.J.96QJJ .at·:~. lloW~ o: '':()() .. ..-.a.~;:r~ .• : .. ·~. · : , .. :mli\:~:·or t250.ooo'prtne1Pal:.&J!OU11t. ot·.~~··oi.aa.14 Cit7.··· : :,-~-~~:~~t7 .. o,, :fa.lo::: A.lto Jl&m.to .. ipa!;,~ .. ;.lapm-.m: ::;J9oaa::·ot· :1956~ ':::. · ·. , •·· .~'~::~"~~~i!snd ·..,re:.; •. ~~~~·.ct~Ncnbe4· ~:low'.~~: ··'!&14 _&arietJ·. ·' . . , .':l·;: ~.· ;,~,, .. & ~ ... o;t,:: &n· ~·. ot ·.t3,.lSO~~,OOOr -cll~W .prine1pal. ~.~~·:si.~~~··a.t· .•. &n. ~~1on: •. held·.1n -~tct~~,.·ot•:·~ nto. o~\~.:s:t.·.t·:;~:~·r-i;~· .. ~.·.,;·. ~~l ... ··· .. ·<, ... ?,·::\ .. · . ·.··. ::.; · .•..• ~. · .. · .·< · .. ··•·· · .·· ~· t ·. · · lii!J: · • i '. . ··.:.; ... ~;li'U· .. ooo ~1st:inc ot·2so bon<ta .. ot the . &niominat~)o.t:'.l.OOO# na._r.Ki. ZW..l :to · .. B.~50# ::Sn'~lua.tft:, all d&te1d .llec-.r 1,., ..l~J:Jo,.· ' --..:.· ..rt..-.4..:-...... .:.::.tf ""--k.~: ., lf!IID,1" . / ·:···.,~·,~-~~""~.:;~;nr,S:" .·•~:.,;:., ·. : .. I I . cJ', .. ,.-.... ,. "''" :, ....... \ ; .. :; ~: ... ,'.•,' -:..1" '· ::-, . ·i ··~'' . " :· J .I • ' I • : ... ....... . I· 8_ ~~~ •.·.-· t, .. -' }; ";II •' .·.'' -,•. .;·· I -,:1 I:.-;,.- ' ; ---~ ~ ;.;' -::..~·<, .. . .. r..,o' "' •V•' ·:-: '•'/, ,·· ·~I ,.;; ·· .. ' '•· !·:' -. .... ,··:· :~(~ .. ::: ,,. ,.. ··or: "of, '~ . ·, 1\ i, ~ ]:,, l ' ~': •. ~-: ~,· ' ~~ t;.; I~ ·'A· ~ . ·$;: ,I f~ •.. ·~$;.,.: ''I'' ' ;t:~ ' :?;._ '·' I'· ' ~·~- •; .. ' I:, il-A'·· )~ \itr:, ':,{' l·i ~~;}_. ,;J;,,_ ... ~-·.· .l(, .w}·· I -w.~. -~> '\-:}' ]'·· ~~:; :t\'· $:. .''-',Jf-., ·~"- ~· ·~ 't: ':J~~; ', ' ,Y.ii; f,. "'::~ I~: ~: .. _ , ... ,. ·-~ t,. ~. ' . . ·• ~ .. r ,• '· .. ·i. :· ·/: :.~ ... I ··: ,· I ·, I -•(Q •-mw::;m-5 42 2 22) J I I tiE W W 5 . X ., ., .. .-.. .. · r ',. i~\. . ... · ·:'.· 0· ,;~ ... ·~ ,, .... .1 .·.f/ ·:·,. : ·,._ ...... ;-\- said bonds: er•ll· mature aer.tiLlJLy ·(with-. . :out ·optien~or·prtor pa~n:t} :t.n ·eon&ecu •tiv-Ef numerical. oxo4oer, t:tom •lc•~~r to ·· ... ·h1(,tier ,, Jl& :to·l.lo"1tu · . · $lo,ooo·; ;per· srea; -~. ·~c~~ae·r 1, 1961 · ... · · ... > to '.December l.; ·:1970.; : $1~L~ .·lie:t:.':;:ar ~m ~ee~~; 1~ i9n . .· .• ::; .· .. ·· · : .· to ·nee·~~ 1, lS~:.: · (.t.ll yecl.r!l' 1nelua1ve) • ,•, .,,,, » ' . ' • • -·~ ··!tiTJ: . ··• M8;x_:fmum .. ~··j)e;r<.atmum, pa;yable ·~~mi-annually .• . •• I .• )~.··.: . on 'June l and'Deciembar 11n ea<~h year. :Siddera .nnurt:·~it".y.:th:e rate or .. i."'ltt~reat .whi.ch t;h•~ bonda he~by · <>·ff'ered .t<~l!.: saie ;nshall bear.. . B1dd.e~J 'Will· be' pe:1tl:ltted to bid cU1"1!'e~t rates-o·!' interest and to ap.l.1t rat-es il'"rltlpeet1ve· or the :ma.tur~lti&a or said bonds. The interest rate 81::ated 1n the :bid must l:~e :1n.tmllt1plea of one-twentieth or one-e:Lgh.th or one per cent ]:>er a.nnum 1 pa.ya.b~ semi-annually. · · P.AYI«BNT: ~ . · Both pr1neipa.l and 1ntere!!t c>f a&1d bOnds . . . . . shall be paya;ble · in lawful. D>n~!tY of the •" United·. state-s· ot :America at the · ot!1c~e of the C.ity T:reaaurer or a.t .. Wells Fargo .I5ank .Ame:rl.can Tl"t.lMt Company, Pa.lo ··A:lto, California,, 'at h<>lder 1a option .• . 'RIGISTRAT:tON: ·· Coupon 'bonds will be .iaaue·d ·Dy the City. Such bonds are rc~g1etrable o::1ly as to •· both principal 3Jid 1nteres:t. ·POJUIOSB'··Oji' ISSUE: ·. :Said bonds are a.:,~hor1zed for ·the purpoae .....-:---. . · ot .iniproving ,the ·electric ayst·em or the City or Pa.lo:-Alto, ae eet.: ro:rt·h it'l the. proposition eubm:ttted to the . ~lectorS..·/~)! said City· a.t: an election held thezoei.n ·on the $t:h <ay of ·June 1 · .1956, arid.•:a.P;pro.ved by more .·than two-t:bi.rds vote ~hereof' .• JLBCUJUTY-: . · . ; . Sa..id bon.ds ~ . s!nera.l obJ~ig.!Lt1ons of the .. ; ·;. . ~. , ...... _ . .:C:.1ty of.:Pa.lo Alt·c, and thEt C1ty COuncil . theNof' __ h:tct · :P0rer and is: obligated t·o. levy ad. valorem taxes for the p&yme:!lt o;t• aa.id:.:bOnda and tbe interest thereon upon· all · property ·within' the C:1ty of Palo-llto aubjeet t<> · ta.mti(>n by said City (except . certa.iri ·intangible penonal propc~rt 1 whieh 1& tax- able at •lim:ited ratesl without limitation or rate or amount. •._; •' -· aGAL O:PI~-loo: The legal opiniOn of Jleasl:-a. C·rriek;t r.Dlqu1st, ~ ~.~7 .· --:---. Herrington & &Itel1t':te or San J':t"al"lCiSCO !' C&l1- •· too."nia.. approVing the validity or said bO;nda, will be rurn1ahed .:,.· :t;o ·t!le stlccees~l b1d,der without charge. • A ebpy c·f the legal ' :· 'opin.1on:.;) eert1t!ed 'by: th~ City Clerk, will be pr1nte~ on ea.eh . . bond withOut cost. to th<~'-!. aueeesatul bidder. · ;-'- .· : ·. • .. :. · TEJIMS : OP' SAU ,;;,;,:;;~--= ·--· --- HIGHES':r 11m~ . ::. • ~ .·. , The; ... bOnd~ w111 b• awarded to the ·~.-t: · .: . :--"· .' ·· . .t.1dder.cona1deri.ng the interest rate or ·ra.t~a: spec1:t'1ed. and; thi! ·premium offered, :U'' 8.IlY'• Tne higbeat 'bid will . be ·det:end.ned by deducting the arAOUiltt or the .premium bid {1:f any) .tr.em. the total. ~unt . ot. interest which the Cit;,· .would be requ.il'ed · to pa.:y · f'l~m :the d&te of the . bonds tc' the ~ sspeet 1 ve matur1t y <iatea '-·~ . " : . (J. ', -' . . ·, • ' • . ~~·. · .. ~·.','-. -l() ,. -r. I )' 4 ' I . . ~I ~~ 1 ~~ I a I ~ ~ 1 ~ ~ ' :: ~~ I .f a • ' I <')11 M I .4 ' ·~ t ~ I ~ • t I -~ .~. A ~ ~· I l 'I' j ~ ~ -~ .~ ~ ~ ~ ~ :l '1. . ' ~ l.t :~ : ..•... :~ ~ I I I i ~ l ;I ~: . 1 ~·~~ •' /, '' •.:• (_, .;:: " ·.': ~ ::. : ~ \" •, •. '· ,.,. i .,•: ~ •' '·,· .. ·,, ,, ".·: """"'**"" » 4¥f. 4 222$ #1, . lfl!"~7"'~ ; 424 ; p ,, OU¥4 M!lll'111 \:- :·· " ·.·;· •' )'", ..,_,. 'I ·., ''j·, ~~..,.,~~~~J.:@~1~~~*~2Z~11JftW.~-»!,~f!i'/4~~~lJI~)~il)'~~~NI'I~ lf•';"'tf~\"oo, ..... ~A .... .__.,,,,, ._ ... ,,.,,,,, ~~. ' .. ta ..... ••• . .. ~~·· ' r~ i ._,j ····--·-··--'..,.:wl<'"' £1> ~~\~ :;;,, ·at the (:oupon mte 'Or rates spee1f1,ed in the .bid., and tl'W~ award will bf!. :made on the·:. basis or the lo~w-est nect. inttu~~at coa1~ to· the City·.. ',rile lowest P,e:t interest c<>St shall be c01!q;>11ted between the ditetJ re!"tjre:mud on! a 360-da:T :year b!t.s1a ... ' 'nl.e pur~~s.er lllU.8t pay. . · . ace'rue<i 'interest·. trotl tb.e • da..te ·of tJ~e .~onds. to. 1;b.•~ date ot deU very •. · l;': : .~~~.:·. ···Rt~:.· :~.'·r ~~,::• ·~. ~~~:: ' ~;· ;X! '' . ,. · ~· ·cos):; of: 'pr1nt1n& t:h~ bonds Will ·.be ·borne by . tbe city. ·· · RIGHT 01~ REJECTION-: The C1 ty ot <PlllO Alto res~tnes tbe rtght, · ~-: .. · . in 1te dizs,cx~t.i.on, to rejne1; cy and all btd3 'w:t: to. waive any>1rregtJ..la.r:tt7 •:)r 1nton1ua111~y in ~ bid~ . AWAR.t>:• . The.· City .c~w:leil or· the City· of Palo A.lto · . . . ·.~ Will. take act:Lon awareli.ng the bonds or :N- .. Jee;titi;g ·all . bids not later: than twe11ty•four hOuJ:-a ·a...~r: the . . e~cp1rat1Cin. ot tllft ,time herein l)reac:r1bed t'O%'. th•~· l~ceipt Of p~poula, unle.as :s.uch time 1s wa1v~ed by thE! su~:ctt8atu.l bidder •. No1;;:1ce -or eueh>.a~ will. be given pt"C'mptly to ~~e: succeS:l!lfUl bidder.. · ·• · .... ·· · · · ·· ·. !~·,; . ' . ···· .. ··. ·. ,d;J.,, D:WvE:R;t~O_t:J!OND§:' Delivery of: s~d bond!1 will .be made. to the ,tr>' ,W;,· ;·: · ··.··, · .· · ~ .·· ·. · . succeesful b1a:der at 1;he <)f!1ee of ·the City / ;~•:;: T're.asurer or .the .City of Palo Alto as soon na tbe lJonds can bf.: . ~f·.·.· ·prepared,:'~ch :t .. t. 1_s.est1mated ~ll be on DeceJnbeer 1,. lg60~ · 'p: : R.IGRT o:P :CA.Nc:E.u..A:non: '!he succe.ss1'ul b:tddej:-·shall have the r1ght, ~ ' ·.,, <-;;..<~·· ·~\:_'<. .. · ~.t:. ·.· . I. . .·· . .. .. . •. •.• at h1s opt1c:•n~ to cancel th.e contract of · • !$.(:: · .. ;~ .·.·. ·pu:reh.ase .if the qit;r· ~lLJ.ail to .tender the bt)ncl& for del1ve-ry -~\~'· .. :~ :·· • w:1tl:l.ln, sixty (60).: dacy:a:'!rotb the dat;e or salf~, a."ld in· sueh event, . if . 1 · t:ne .: sticcess:t"Ul b:td(ie'X;' ·shall ·be e:ltl.tled to 1;he :return or the . Jf:/:> I· .d•epoe:1:t ·ac.companying .·the o1do ' ... -.~~;:· ·; ·:·.· l ~ .: c •• '' ' : • ' • ~ .·.:. •• • '· • >};, . FORM• OF BID: . : All. bids must~ be fer not less than all or · ·. *{ . i· ' · -:~ ·· the' bOnds he:roeby orre::oed .for sale and tor JV: ~ : · ·· I • ::.ot ·1~~.s ·tban ,the pa.r value thereof· and acc:."'Ued 1nte~eat to date w. ·o:r .. cte:avery ... • and together w1 tl?-b1dcler 1 s check, must. be ,enclos-ed ';,;;; in. a S;ealed en'!,r.elope a:ddreasea to the City t::c: .. m·,:1l of the City · fi}. o;t;~.hlo· .Alto and .. el:'ld()reed "Proposal for City of Palo Alto Munic1- !~~: , :· #al Imp;rov.ement Bonde of 1956, Serj,es "E". All ·b1d.s shall be . J.Y . a.ccompa.n1ed •by ,a certified check or cashier's. check in the sum ;~~. . . ::" ... · · c),f · :$5;, OOQ~'· pa,yable' to the order of: the City Tr•eaaurer or .. the ~: .·. . -C:1ty' of: :ralo Al;to~. ~o aecure the Cj~ty from any loss resulting b :!"rooi the •rail\ire :or· the bidder to c~omply w1..1::h tine terms of h1s · ~]--,bid~ .C!le;clca. or~,:~ u.n.suecesaful bj.dder w111 be retu."'"l'led upo."l ~:,., the award of the· bonds·. . No 1ntere:>t will ~~ pai.d upon the /'l.•r ~ ' ·, ' ' ' ' ' . ~~· d:epos1t made .by a;;,1y successful bidder . . ~~~"'\,~ ' . >: . . . . ' '. t. ~(: :F ··~ ... ··'. FINANCIAL ~rATDmNT ... , · .. :~}. · • ... <':;Ful~ther info·nnat1on relating to the financial condition ·O•f ·the• City of 'Palo. Alto Will be furn1.shed em request • ~~~ ' ~{ ;; .. :F.·' . : ·., ,. ~ . . T.be:re. 1.s .no cOntroversy or 11t:igat1on per\ding or threatened c:oneern.ing'' the val1:d1ty' ot'>:t.~."l.e a.bo'1re .:tseue, the ·eoiooporate existence df' .the .C:itY. or :the. title' ot::tbe .· of:t'icers te their re~ct1ve off1e&a, and the::C1tY :wi.ll Nrnisb to the su.ceees.ful bidders a non .. l1t1gat1on e:ert:1f1cate. cert:tf'ylng: to the t9rego1ng ae e:>f and at the time or the , d:e livery: of the bonds. ' I,. • , ' DATED~· Sep:t•em:'per 26,. ··1960 • ::~ ; ... ,, 'I' ' ·',/' -· •' ,'.I WINIFR.El) DDD C.i ty t=lerk of 1:Jle C1 ty of Palo Alto Sta. te .. ot cal1.forn1a 11:- .. ··"':, ,. ·. • I~ • . • ;-~~ ;f ~ -~·· ·:-·,. """. ··: j, .· ...... .-:c ·~ .. ~"· ~ . ~~· :. ~-·~ ~~-Y ''-'·· /' --.·:, ... ·:"t ;,;:.· ... ,ro/' /'·.·:·:._ .. ; ,, ' •• r ';: ·>· 1;, 1:· ·: .. · ~ •'.!•." .·:·;. ·~. -~· . ' : : ';.~ ' ,_ .··nr •t. l: .. , ; .. ~ .. '(i ~-::. '.' / , . . , > . . j ~:£ " ~ f -{' ~ i ··.t .•. ~-: ;:~:i ~- *-: '.; ,. 'f ~: ·! .. ·., t ~ . i it . I •. ... ~.~ . '' ~ :'1. -~r ~-.. . ~-: •'/'" r. ·;, ~i .. ·._ .. j ... :~~_:_·•.:. ~ .. . ' ( } ;,., . ··. ., ·~ ~-;;:··· '1,.·,_ ··'· :~-- r. ··- ~~:?~•f·~~~~tf~.~~~,,:~i:•~:·~Y .. >'<~'.<,o,~<,,i" :·,\:,_..,_.,,.~~··~" •• ~~ ····.' \ ·~ .; ,:,·,. ··.' ·: .. ;::;:. '' ,''· ... , •:.Be.Otien-10:. :This ordinlmce sball tak9 .rtect b'oR • •, • '•, ' • I ' ;: . ..... =; •.••. and. at:ter :1 t:s _pitaNtte ···ana approv&J~. .~•.·.:• .,··· ·.·:~~)-~~~.,~--.~-f~re~~ordinance was dul7-and~l7 :trit~~:,-~:·~ pass~d at' a re&U)Ju~ aeeting or .th. 'Council 0~ tt.. :: ·: -..: .. :~·~:.:: ..... ; ···~·-.. :;·"; .' ·::·.~-'·.··~~~<.·:';'} .· ' . .~: ',J " ' •• • • · 101t;f or· hJ:~ /AltO .. en Monday, the 26th da7 of Septeabf;!r ': 1960, .bythe,roll9~"'v~~e:: . . AYJ!'.S:' coune1lmen' ·Ball~ B)'Xberti~!, Dan.., ·~. G.i.ffm, BaJ..Iht,. MAr•hall.. MfteheU~> X.tvia·, Jlodaera,. Woodwa.Td~.-~~. ., . ·' ~-.. ., ltiOEs:-' . I ~ • I . M<m.. :caundlmen. --~:··· Counetlmeri' Bi'5hop~ ~~»' .,.,. ,, .: ... ~ :l~: i~: __ ;:~~~~·· .. ~~". ........ ............... . ' ~ ,' . •{. , .. ' ... . . -. . . . < S~'S ;().P' .CAIJ.'PORNIA · -~· ~~;rop~~~~~~' J' ss. '•;,\ :lS'$0. , .. ' . . . .... '. ,''•o.' ;,·:,· "(!', '• .. ·.; .·,·., · ... .. ..:. .. : ..... ..... : .,,,· . ··:.: . ·.:· :::: ... ;;.~, • '' 'r;• ·~ :· ~:.·: -., i ~~ . ..... ,, ; ·' .! t { ' ~ l ~ ·. ~ ~ . ~ 1 ~ ~ ~ i f. i ~ ~ • ~ ~ ~ ~ ~ ~ ~ ~ "" ~ ~~ ,, ~ ~ a ~ ~ ~ 1 '4 -~ 4 -~ ~ ,, ~ i ~ ~ ' ·A 4 ~ ~ ~ » ~ ~~ ~ I 1 :1 -~ ·~g -~ 1 ~-.·~ -~ j ~-.. ,,·. ~ ~ -~ ~ i ~ j • I I ~ ~- 1 I ! l ' . ·-~- , .. ' ' ~~~-·i. ~:4~:· i rr:~· ,;~t~~ ~ ~;