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... ; {;j~~$ Foa Tlri,; criY OP PALO 'n3o. :nr T!f.& ~ Ok SA1l'l'i
... ; '.::(:<·~~.' s~.;i;S· O:F CJtLIFOFmIA, IN Tim ·suK ,Qp T:ilMY-FOUR. THOUS.Ai~:
". ·,::;, ~~i~ ror;t.-as , W GOW COl~ ·~~ Tn m;IUD $1,\TES OF -~:
. :· '::'/~:q~.· .'.·~O;. P'AY: ~a COST. QF. CERTAIN PUmJc'.· ')IJJNICIPJtL .!){PRqVJ'-G..~'"?S OF
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legiala.t-.ive branoh o:t· a&id City o"!. Palo
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1914. by a vote ·or two-thir<hJ
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nece asi ty de-··. . .
improv~e:ata i_n·:. and to;·· :s~id C:t:t:r ·
cons tr'1cti on and.· eo=»l.~t i:~n.;: .
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Alto Ave~e and .Alma. Street; to:-· the :C~i:ty:. oi ·. ·
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Th:e aequiei_:t~~n; ~-·a st~eet Pavi~·· ~e'Volviag :·.:)
a~nuee of the City of·.
·rh.e acquisit-ion. const:t"tletion and completh;n o.f
r or the· .city . ot· ·P~o .•. Aito; .·. ·
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to the · City Lil,rary <iJu.:t:tdi:ng· for the city .of
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ORD 104
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. :~~ on the 27th day of April, 1914, the said l-eg-
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·. islati.ve; ·.'bJ:anCh o'f·-z.aid City d.id by a vote· of tw~thirde of al1
t!le membe'.?'a t!iereoi 11 duly pass· a.nd adopt ·an Ordinance -calling a.
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~:pecial ele~·tion .. ·t?f s~d .c:ay of Palo .Alto for the purpose ot
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·aub'.6:ttti-.n.s .. to: t::o.e· qualified voters. of said City the following
. :propt)a:iti·J~s --f~r i.ncurring inde'btedne'es. :of said City, to Wit:
.: 1:> ... -Tlie. pro'poalti.on to· i:O.C\U" an· indebted.neoa O! -~ne thOU•
fU!.nd: five .hund:e,i" dollars~ for thtf a~quie1 tion,. constru~tion a.nd
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: : c.o=.plet.ion o! a SubWB\f at. Palo. Al to. Avenue and Al:ma Street;
:2.. :The p:rol'Qsition to in.c::.Ar sn 1nde:Otediles&. ot twenty-
: Jive_, :~ou~:i1.cl dollars for tl:te aequi13i ti on of a Street-Paving Re
· vol :Yfi?S _.Fu.nd ro.r.tl:le i~rove:::1.,nt of atreet's and ·avenue·e of the
· ·City __ :o{·piu~ ·Alto·
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·: 3 •.. · :The p:o¢pos·1 tion to in.cur an indebtednees of t!lirty•five
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,;·tl'lo-usand1 'do:il.s.i8 .for the acqu.ia.i ti on, construction and completion
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4. ·. The:<propo6:i tion._ t.o incu.r an indebtedness or three thou-
. sand thr-~e:. )iUJ:idre.d.· dollarl t'or· the acquisition of a. Lot as a site
: . .-ro-r _tbe I)rQp·o~e·d.··ad<t-iti.on to. tl1e City Library Bu.ilding.
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$aid 0.r·dinance ia Nu.1T!ber .101 and had been theret.otore
: duly, &!id. ,re.gul&:rly: : introduced a.nd i$ hereby expreaely refe-.rred to:
a.r4<·.
· .· llHEREAS~ said .Ordinance was_ thereaft-er on the 27th d~
oi~: :-AP-ril.. i9J2~,-dUiy a.:,p:proved by the exeou.ti ve of se,id City, and
· · ·waa ther~af·~·er· dul~" pu~li!hed in all rea:Pecte as required by law
under the terms of said' o·:rdir...ance; and·
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_s.pe'p1al .election as c·all:e.d and 5})ecified in eaid Ordinance No. 101
_· 'was duly :and, regula.rl.Y held and conducted in. all re$pects as re-
·. -q~i-red :by··s~id Ordlnance and by law;· and
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~~ at said special election the· said !our p:ropo-
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· s~itions' .. :ror· in®rr'irig 1ndebtedne·es and the isau.ance or bond.a
ther~fcr.':tor ~·a:td: tour several purpoaeo as specified in ea.id Cr
di~~ee. were duly submitted to the qualit'ied "Q'Oters or said
C!ty in all. respe<:i:ts as required 'by the provieions o.f said Or-
"(An~·nce 'ca.ll~ng saicl election and by ls.w; Md
W".t!ERB.AS, at eaid $pec1al election Proposition No. 3
. and Ptopo·s:t>uo.h .No~ 4 e.tt set forth have failed to receive the
requisit~e ·two-thirds of all ·the qualified. vo·ters o! said Ci.ty
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vo~i·t).$ at said special ele<::tion on said :propositions. a.""ld· t.r~t.
b.'ond.a. of tile City are not authorized to be· 1eau.ed !ox· said Pro
positions ~o:e •. 3. and. 4:, as provided 'by ea.id. Ordinance iAllc':~ by
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. ~~·~ at ea.id s:pecial election., mor• than t-.o•thir<fe . .
or::. al+· the qu.$iitied vote.t>s of ~aiC. City voting at said epecial ·
ele:ction· on aa.1d several proposi tion3 1 voted in :.fa.vo:r of Propo
eftion No. j. and Proposition No. 2, as hexeina!'ter set :rorth~
and d.id authorize tljle: is;sua.nce. of bonds ror so.ch indebted.nes•
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a.a~· propoae·d .r:ty said. ?ro'Poei ti one. Noe. 1 ,-and. 2, u provided. by
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'said 'ord1·hanee and by law; and
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W~AS, all the votes ca.et at said election were duly
.. and.\pl'10~.erly east and counted, and: the retu.rne thereof duly and
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· ··prope:rlyj: cert1!"1ed~ made, ca.nvaeee.d and declared to be as fol-
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.,.', 'That the tot.al number of votes given and cast at es.id
~pe¢ial el,ect'ion was 884.
The tot·ai nl:.mber o! votes given a.nd. cast at said spe
cial election upon &aid :Proposition No ... 1, being t.o incur a
bonded inde'btedneas of ::line thou~and !i ve hundred doll~e for
tlle a.cqu~2i tio_n, . conatruction and. completion o.f a Subirs;-y .. at Palo
Al. to Av:enu.e and Aire.a Str·eet was S-7'.3 votes, o·! wh.ich total nu:n-
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b,er of votes e~ given and east the1•e were given. and east /42
Vi,<:tt~'.ff. _in !avor of said. p:roposi t ion end 131 votee a.gains.t as.id
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cial. electton u·po·n.:.aud· Proposition .N·o .. ~~-. ·oein.g to incur a
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·< :bcn:ided~ indebte·d:ne-~Js. of twe:i:ty-five thou.sand five hundred dol-
l.a.re to:r the acqui:si ti on: of a Street Paving. Revolving Pu.nd tor
the· .±~pr~vement: of streets and a.venues of the. City of Palo Alto:;
. was ·a20/".f.d·te.s, of which.total._ m.u:iber of vo-tes so given a.nd
CB:-St: the±'.'~; were gi v.en' .and ca et 643 votrea in favor o! said :pro
. p{>s,:.ttion 'and 177. vote::$ a.ga.inJJt us.id ·proposition.
The total. num"oer of votee give.n a.nd cast at said epe-. ., .
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cial el'.~~tto.n:'·upo1n sa!d Proposition No. ;, being to incur a
bonded indebtednc~a .of th1rty-f1 ve thouea.nd dollars !or the
11cqu_istt:ion. -·cC>t>.struc_t.ion and completion or Parke and Playground& ·
was ~03. votes, o:( which total number Of votee 90 gi TU'l and C&8t
·:there= W:ere ;,given. ·a.."ld cs..9t 5'37 votes in favor of said proposition
a.nd.\266: .,ot:f}.e .againet said. prop<Hdtion ..
~he .total number ot votes g_iven and ea.at at ea.id epe•
cia~:. el,flc:tion· up~m eaid Propoei tion No. 4. 'beit~ to 1ncu.r a
bohd:e'd 'indebt.ed.nese of three th'ouaand three hundred dollars !or
'tne a;equisition :of a Lot as a. site fo~ the-proposed. addition to
th:&:' _Cit)• L!'tn:l:f,r.y ::Building, was 808 votes, or: which total number
::or votes so gi·ven a.nd cast there were given and east 5'43 vote a
in favo': of' said. .proposition a..11.d 265' vote·s against said p.ropo-
sition. and
'V!HEREASt ~,;-t appeari?'.'-S that of eaid Propositions above
eet forth,_ Pr,opoeit;ions '?-foe. 3 and 4 have :!'ailed to receiv·e the
requisrte, ,two-thirds or ~ll the voters ,-_ot1.ng at said special
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el'.ec·t:ion: on'.\eaid; Pro·poeitiona, and that aaid. P:-oposi tions have
. 'been re'jected by·: the qus.:tified. ".tot.er!' of the City; and
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.. 'IJ:DtiEAS. it· a.pp'5!a.rs tha.t Pr<>pasition .No~ 1. to incur
: an 1;ndebtedneee ot nine thousand five hund:..:~,1 dollars for the
a.c:qu;i.si·tion.. _cons;tru.c:t1on and eompleti on o..r &.-Subwe.3 at Palo
Ai t:o Aven~e. &:fl<t .Alma Street: . and PropoE;i ti on So. 2_, to incur
.an. 'indeb.tedneae of .. twenty ... f'i ve thousand doll.aze !or the acqui
S«it·ion .of .,a; Street Payine. Revol v~ng 'Fu.~d. for the improvement o!
streets ancf avenues ~·:r the City of Palo ·A1to,· have. 'been duly
a.cc~ted. 'by.the qualified. voters of said Cit.ye) and the said City
has .bece.n e...."'lli is no.w authorized and empowe·red to incur the. afore
a·a1d·'o.~nded:. ind.ebt.edneee in t...~e s= o·f thi:rty-fou1• thousand !ive
hundre·a.·.d.ollars, gold coin of the iJn.i ted Stat ea of .Americ.a;
NoW TEERE.?On:&. the c ounc.11 e>f the City of Palo .Al to do
o~da!n .as· ·follows• to -w1 t:-
.That said City 1ssu.e 1 te negotiable bonds,
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·the $ale to be in t~ee ee:riea to. be lcnow.o aa •p&J.o Alto City
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3onds of'. 1914":.'..Ssr!ea No. 1. Series No .. 2~ Series No. 3.•
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s·iriee x~:. 1 shall consb;t of eighty bonds nam.bered.
co~l.ua~c~t1:yely from 1 ·to So, ~oth ineluaive, and shall be of the
.'. sum; .or: denominat·ion Of two hundred dollars eaeb •
.Series No. 2. shall consi0t of oue hundred and sixty
bo.n,ls ;:nWri.bered confi:ecutiT~ly from 1 to 160 0 both inelueive, and
shall be. ·of the· su;a;Lor denomination. of one b.u.ndre·d doll.an ea.eh ..
5-er-ies. . .N'O.. 3. Shall C:OtlS 1st O! forty bond·s numbered
'.:c:o-risecuttvely from 1 .to 40, boti. 1nclue:tve, and shell be 'of th•
aum o:r denomination. o:r~ s.1xty-two dollars and fifty cents. es.eh.
Sa.id bon.da·sl'Jall be payable in gold coin of tbe 'Vn1ted
States of Atneriea in t:l:;e :ro1J .. owir.g. manner. that is to s.ay, at
· ~l1e~t ontllW.fort:ieth part· ~r the whole amou.nt o'f the principal su.m
of; said: tndebtedness a.u thori zed unde:r Propoe 1 t'ione Noe. 1 and 2,
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b'efng to.: incur a bonded indebtedness in the su.m of thirty-tour
tl:-;ou.~a:nd. !'ive h'4ndred do.il.a.rs shall be pa.id each and every ;year
·rat: :theJCitY, Treuu.1" of ss.id City on the day and date heretvy
·. fixed: aa:: :tolloW'.e:
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. 'ho bonds of Series ~o. 1
· Fotir bo.nde of Ser1ee No. 2
'One'.:.bond: o:r Series No. 3
... ·· :· ehail be paid e.ach'. and every year e.t the City .Treasury of said
"•'' ·~cif:t.y .on« the: 2nd. ds.y of' Js.nu..ary. the first bonds or each o:r said
.. 8:!rie~· befng· p.~·able J'anuary 2r'di 191;', together •1th interest
. o~; all ~ame· u.npe.id. at .•a.id: date, :provided that the interee·t on
.·e:~id b~n.d.8 'or each 8et1ea ab.all be paid eemi-annually •:o that
··.~ ... ther·e.·~hall; be a payment of' intereet on all eums then unpaid 1n
·EtaCh and .. 'eTery .. half j".tta:-; one O! su.ch semi ... s,ntmal payment& 1n
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oea~1f,;· ye'u b,eing; on the 2nd day of Janua...7' and·. the other ot such
· · PDY"~n~a.· bei·ns on the 2nd d&J" or Jaly; ar~ provided., !urther,
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thst ·ea.id interee~, shall be e.vidence·d by proper :coup:0r..e attached
to each bond,. a se,:para.te coupon be:tn.g attached to eaoh bond of
ea.ch series for each sem1•s.nnual ~nyment o:f t.b·e interest to 'be•
,,'.:/ come due thereon.
The annual ins·ts.llment of principal of bonds a.a number
ed in Serie:s Noe •. 1 .• '2 and, 3, shall mature a.nd be pa;ya'ble on the
. ' daya and ~ates. set forth in ·.the followirl6 table~
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t:aturea and
· . 1 s PB.fable
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$20().., 00 -· 4!&Ch
200~00· •
200.00 ~
200. 00' "
200 .... 00 "
200 .. 00· ""
2'JO.,OO "
200.00· n
200.00· fl>'
200.,.00 '1lf
200~00· •
. 200.:00; "
'200-• 00' .,
200 ... 00· .....
200•00 •
200.00 .•
. 20.0.00. "
200.00 •
200.00· "
200. oo· " ··
200. 00 "
200.00 ..
200. 00 "
200 .. 00 "
'.200 .. 00 iQ
200 .. 00' b'
200.,00 R
2.00"'00· Ill'
2'00. 00' ~
200.00 it '
200 .. 00 "
:200·. 00 n
200: .. 00 "
200. 00 ti
200,.00 A
.200.00 ""
20·0.00 •
200 .. 00 •
200. 00 u
200 .. 00 n
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X.o. Coupons·
attached ;to
·ea<;h :Bond
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SXf!I.IS · N'O..i. i ... ~ ·f No. Cou.pone h t :Matures and fl.tta.ched 't.O· f'
B d ~-bzablftw. .• aount eae!>-" Boqd. r .. 0 %!. I · ... 48•
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1 . 2. 3 .4 Jan a. 191$ . ti oo!Qoo 1 . { ea.cl:.
I ;· ·6. 7· a Ja.n 2f 1916 1 oo.oo • • 3
9···· 10"' 1t ·12 Jan 2 1'91 ~ 100.00 "''· ' 1-!5 ' ', ·~' 't4' 16 .. Jan 2. 191 . . 100.00 .. 7
i 17. ·t$'. 19 . ·20· J'.an 2, '1919 100.00 • 9. ·:21 ·' .22: 23 24 · Ja.n·· 2, ?1920 100.00 " 11 ·" ~ 2$·. ';:26~: 27· 28 J's.n 2 : t,C\'""i 100,,00 13 ~, ' i. "· . }' "
i 2~:' '.3.0 31 32 J'.an 2. ':-:'I ·22 1 oo.oo. 'W 15
,t .. ;3·: .'34. ·3S 36 . Jan 2~ .. '~i23 100.00 ., 17:
. f . :, 37:' 3& ·'z9 40 Jan. 2 0 · 1924 100 .. 00 " 19 J.
1 4.'.F. 42 · 4:3 44 Jan 2, 19''2' 10(1.00 II!' 21 ,
i ,4,. .. '46· . 47' 48 Jan 2) 1926 ' 100't00 • 23 . ~ ·49; . ,...0 . '·;1 52 Jan 2 .• 1.9·"7 1 oo.oo If 2.:: f . i'; ' ''· . ...... ~ .. :· ,; .
l 5.3:.~· ?'4 '' $6 Jan 2, 19:2".'t 1 oo.oo " 27
' ~ 5·1. :· .78. .-~~ 60 Jan 211 1~19 1 oo.oo " 29 I
i 61 62. 64 Ja..n 2!1 1930 100. 00 ft 31
(, 6'~ ;66· ·. 67 ·68 Jo.n 2, 1931 100.00 ., 33 I ' ' ..
! 69· .·'.70:: '71 72 Jan.2. 1932 100 .. 00. ti ,35 '•
1 r;. ·74; · 75 '76 J.an ,2F 1933 1 oo.oo 01 37 i1 ·~S'. ?,9· Bo J.an 2t .1934. roo.oo n 59 ' 1 . 2 '33: 84 :rsn 2. 193; 1 oo.·oo n 41
8·5 86· ·:37 88 Jsn 2" 1936 ' 100 .. 00 ti) 43, "·
" 89 90. 91 · 92 . Jan 2 1'937 100.00 n 45' J
.9'3 ~4' 9S· 96· ·:rs.it 2, 193a 100.00 k 47'
97 98 99 1-00 Jan 2~ 1939 1.00.00 ii 49
1·01 102 103 '104 J'an 2. ·1940·. 10-0 .. 00 " ,1
10$ 106 107 108 Jan 2, 1941 1 oo .• oo n 5'3
109 110 111 112 Jan 2, t942 1 oo.oo '11 55.
.113 114 1 t5''· 116 Jan 2, 1943 100. 00 .. <::?
118' ,/ I
,111 119 12(f J'an 2 .. 1944 1·00.00 '•, ~ 79 · 1zr; 1:22 12·3 ... :: 124 Jan 2, 1945.' 1·00.00 b 61
.. 12";; 126 t27:: 128 ' J'an 2., 1946 100. 00 ii 6:;
. 1.2:9 130 :: 131 ·. 132 Jan 2, 19~ 100 .. 00 H 65
1: ~3~ . 1. 3:4' ::135' ': 1;6 Jan 2, 19t ' 1 oo.oo w 67 13? ' t38 .. 139: 140 Jan 2.t 1949 10011'00 R 69
1'41. f42: 143· 144· Jan 2,. 1950 100.00 " 71 ·
.1 ~, ... 146 147· 148 Js.n 20 19;'1 100.00 ,. 73
· 1 49 1.;o 1 '1 1;'2 Jan 21) 1952 1oo.00 ft 75 153 154 155' 156 Jan 211 195·3 100.00 ti 17 157 158 159. 160 Jan 2,. 19$4 1oo.00 •1 79
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§PIES N0 1 3
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t ua.tue• ~d No.Coupone ..
t Btn~ : is P§J"t:Lbl.e. _ ... -=-Amount · Atta~ed
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t 1.' Jan 2.,. 1.9'1' $62.50 1 ~ ·t 2 3a.n· 2 •. 1916 62~50 3
.··· 1 '3 Jan 2, 191·i 62".)0 ' 4 Js.:a. 2, 1·91 62.50 7
·~ ? J.an. 2, 1919 62.$0 9
i 0::. ;. J'a.n 2·;, t920 62.;o 11
i ... :."7'·· JM:2, 192·1 62.50 13
~ ·o Jan 2, 1.92.2 62.;50 ,,
·~ 9 JsiJ.·. 2:, 1923 62:. ;o 17
~ :10 J'.a,n 2 1924 62.;o 19
~' . 11:.
I
J'an 211. '92' 62-5'0 21.
i 12 Jan: 2, 1920 62~;0 23.
l 1.3 'J.an 2·, 1927 6'2~50 2 ..... .,
~ 14: Jan 2 1928 62.50 27 t·1
l
, ,., . ~·Jan 2. 1929· 62~;0 29 • f 16 Jan 2. 1930 62'. ;o :;1
:·
{1 i~ ·~ar.>..2~ 1931 62: .. $0 33
i J'an 2, 1932 62.;o 35 { l 1·9 .. ran 2, .1933 62.;'0 3?
~ .. 20 Jan 2 1934 62.50 39 • 21 Jan 2e 19~5 6~~·50 41
22 . Jan 2~ 1966 62.5'0 4:r;'
. ., ~·
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. ' '.~,..., ~ Jan 2~ 19;7 62:.50 45'
:t :2~·:r Jan 2,. 1938 62.50 47
.~% Jan 2, 1939 62.$0 49
2"' J'lln 2, 1940 62.50 51 '" 'O
'I 27·· Jan 2 1'941· 62.50 c:;~
. . ; vi
28 sa.n 2 1942. 62.$0 '' . . ' 29 :a:n 2 · 1943 62.50 $7 .t
30 Jan 2, 1944 62.50 ?9
··~1 J'an. 2, 194~ 62.;;o 01 j,
32. la.n 2. i9.11-6 62.50 63
33 Jan .2,. 1941"l' 62.;o 65
3~~ Jan. 2, 1948 62.;o 67
3~ Jan 2·~ 1949 62.;o 69
;00 .J@· 2 19;0 62~5-0 71
., . ' 37 Jan 2~ 1951 62·50 73
38 Jan 2~ ·;952 62·":'0 7'5
3-9 J'an. 2., 19=-~ '6;2·~50 17
,I "" 4{) Jan 2, 1954 62.50 79
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:! ':.;. Said boride eh.all. be 12 eued Oll the 2lld day or J'1.ll.y. 1914-,
) .and ·shal:r bear date aS-of the 2nd, day o! J'u.ly. 1914., and shall be
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so. __
'ONITlSD STJ.Ti!S OF .AltE:R!CA
ST ATE o:p C.ALIFO?Ja;,.
County 'Of Santa Clara, C1ty of' ·Palo Alto ..
P-JJN J.LTO CITY l30NDS or 1914
Seri ea ----$200.00
. 'Oil .,.tht: 2nd day o!' January. 19_. ·the City of Palo Alto
.a: n!Un.ici:Pa.i.. corporatiO.?'l;" 1ucorporated u.nder t~ laws of the State
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· O:! Cali!c:rn:ie.~ for val.t!e· recei ved(I . hereby pro:::isee t~ ;iay the
beare?'. .. at the City TreNury o! said City, in the City or Pa.lo Alto
·cou.n:ty oi· Sa.nt'1. Clara., State of CaJ.i:fo:-nia 1 the su:tn of Two F.un•
· dred ($200-00) Dolla:re > in gold coin o.f the t:nfted. States o! .k!:.er-
1.c:~·. with interest thereon in like gold coin :trol!l. the ~ate thereof
~at. the rate ot :!'ive ~:er. cent.um per annum .. :payable aemi•a.t1nually.
at.the. City: Trea.eury; on the 2nd day: of July and January of each
:r'ear. upon tb.e :pr..eeentation and surrender of the proper interest
coupo:a~ hereto at·tachect.
Tbis bond•· is one of a eeriec o'! bonr~ls of 11.ke date,
tenor· and er:rect, i3su.ed by the City of Pa.lo .Al.·to tor the purpose
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o:t":. ·acquiring cert.ain public :ran1cipal improve;eente in and tor
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G.a.1~.: c .. ~ty, and 1s ias'!J.ed under an~ il'l pu.r~u.a.:nce to and in conf'onn ...
ity'.with·OrdJ.nancee N0·..101 and 10fot eafd City, and the lan o·f
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the State. of Cali:f'ornia. ..
·And it is hereby certified, asserted and declared that
thie bo::d ie issued in purtrt.la.nce of ~nd in con!'orm.1..ty with the
constitutihn an~ lsws of the State of Ca.li:fo:rnia and the ordinances
ot· ~:aid Ci:ty .of Palo .Al to 11 • and in :pursuance o! and in co~:formity
·with a vote Of more than two-thirds Of .a.ll the qul1f1ed elect.ors
1r'oti~. ~t a epeeie.l elect.ion chily and :regu..J.arly ·called an!! :held
in a.a.id C1t.y on the 14th day·o'! 'Nay, 1914. notice thereof having
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~een duly ~nd regul~lf given and publie-i~d in the manner and
£,.o-r· ·the. period .required. by law, and that the result of' ea.id elee~
~lon'. ha~ . b~en canvastted a.nO. declared snd entered in the :.anner a~
required' .. by law.
It ie ·!urth~r c·ert1:f'1ed and declared tbat all o! the
p'rovisions and ,,'f.'.equi:remente. of the c·onsti tution and laws o:r the
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· . State or ;cai1:ro:rr;tis. and o! the ordir..ancee o-f eaid City o! ::'alo Al to
have.· b·~en'. dµly and·~ regulrt.rly and ful.ly comr.1lied with by the prop.
~fr· o·t:tieers O"f iaid City in the 1seuance of tr..i~ bond, and that
' ail acte and condit'i or.t.S add t.hil'lgS required. by law to be done :pre
~·edent t0:1 and in the i ~n~uance · ot said bonds have 'been doo.e and
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haye been p~rtomed i.n regular and due :ronn and in a.t:rict accord-
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a'rie'e· with the \p·:rovisions of the law authorit.1c.g eaid. bonds; and
·.·that the :total .inQebtedneea of tie.id City of Palo .Alto, including
the :i.n~e'btednese evid.enc"d by th.is issue of bonds. doe1.1 not ex
·ce_ed the limit. ;pre.scribed by the constitution and la.we o.f the
S:ta.te Of ·.yalifornia ..
·This "lxnld celhu?e to 't;ear interest unleee pr-eeented at
· IN WIT~SS Y.M."MOF, the s~i<! City o!' Palo .Al t.o hae
c-.ueed.· this 'bond 'Go be si.gned by the :ra,yor and Treaeurer of es.id
·City. and to be countex-eigned by its City Clerk'.11 and h.as caused
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.the City Cler.le to affix the:re.to the corporate aee.l of said City
o-1: Pe.lo .Al to.
!iayor Of the City ot Palo Alto
Treasurer cf tne·c1ty or Palo Alto
City Clerk of the C1 ty cf Palo&b&LIMAlto
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Th·e inte:reS:t coupo:o.e attached to a..a1d eighty bonds. and
't:videnc:1.:ng the ..inter~e:t to accrue thereon ehall be n\m.'bered con
;eecutively and .. shall be zubsta.ntially. tn the following form, to
·wit:-·"
-------· A. D. ,, 19_. the City
.:?·a:i·()-.;:.J.t.o Yiil pay the bearer hereof at the City Treasury o!
· .· :.f$:id .. City .. in said Ci.ty of Palo: .Alto, County or Sa.n:t.a Clara, State
.. o.f . c~:i.:rorn1.a~ the &um of :five dolle.ra (; ~ 00 ). ·.in gold eo in of the
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United ~;t.:a.tee ·of Mier1c.a for the eemi-annua:l 1ntere1St due on that
· date_ :-qp.oll lt:s -abo•e numbered Palo Al to City Bonds of 1914.
City frea.eurir
· And. it ie :further ordered tr~t the bonds comprieing ·
· $e'.riee No. 2. shall .be ie.eued in substa.."ltially the same 'fox-m e.s
S,er,iee. ~o·. I 1 herein a:et. forth, exeep.t that the de.nom:inationa o't
:sai·.d:: bonds. in Series N'o~ 2 ·ehall be 1.'or the 3um or one a..·1.::n.dred
' de°ilart'. each~ .
·.:And the COll}?Ona attached to s9.1d bonds o! Series No.. 2
sh.all oe· .eubstaz:itis.l.lY the stu.ne ae a;tta.ched to Series No. 1 11 ex-
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ci:ep.t t:hS.t eaid c.ou.p-O'ns eha.ll ta:~ for the s~ of two dolla::-;e and
·fif"ty cents ·each !or .all o! ss.aid bonds numbered :from 1 to 160 1n..:
elusive.
series lier.· f e:ball b~ issued in substantially the same 1".\:..m a•
Serles. No... 1 herein set. forth. except that the de?lo1!:.:inations of
said bonds in S~riee No. 3 she.ll be tor the i)u.t"1 o! a1xt.y .. two dol-
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ehail·be substs.i.~tially the same ae attached to Series No. 1· &x-1
.. ck-p.i. that:·.·eaid: e.ou?-one ·s!'.i.<Sll be for the sum of one dollar and f'if
ty-;s:1x' cent.$, each !or. ~i ''or ssid bond 8 nu.mbered !rom 1 to 40 in·
·, e:lilsive; .: prov.id.ed one cent additional interest aha'll be added to
ea.eh !Ourth . iZltErre8.,t COU.~Cn.
:';, Md 1t is !u:-t:ter ordered th.at the ~(ayor or said. City,
who: ie<the·· tlX.ecutive, of said City, be, and he is hereby a.uthoriz
e·d~.to· eiigzf each and eve1"'Y or~e o'! said bonds s.s t:he executive ot ,, .. -,• . '
· . & .. a.id :city· a&: .afor~eaid 11 and. tl;at the Tree.33u.rer ot said City be,·
ai:ia ":.b.e 18 .. h,e~~tY.? '£u.l.tho.rized t·o· countersign eac.b and every one or
es.id bo~ds or-'ee.id. City~ a.~ that -the City Clerk of ea.id. C'.ity··.~:e.
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.. ; au~' he· .. :1~ ll~r~~by autboriz~d to countersign each and every one of .
:ea.id b·o·.rid.s of es.id City.. and he shal.l a:tfix thereto the corporate
· tteai o.f~:.:su~id City. to each and every one o! ssid. bondG. a:ld that
said 1d.:gn,1·:cg a.tLd sealirAg shall conati tute a.n.d be a sufficient and
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. b1,nding: exee;ution of each and every one of. eaiC.. bonda by and. in
behalf, of said C:t;ty, and -:.hat there $hall be ii thographed upon
. ·each· and. every. one of ·tl:le e:ou:pons attached to ea.ell of saic bonds,
~· lith(>graph.ed fa..c simile aigna.t~re ot e&.id Treesu.re:r o! $.aid
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· ·City~ and L\aic: fas simile li t.hozra;pbed si~nature o!, said Treasur-
er attaeiled· to each of ~aid coupons shall constitut~~ and be a
'auf:f'ieieut and b!ndi.ng execution of each and every io::ie of' said
. OO:Upone bY e aid City.
Said bonds may be s.old. ·oy ss.id icounc 11 of the
City or .Palo Alto· at not lesa than their per v~llue, a~ either pri
vate.· or :publ.ic ea.le and with.out further notice. The proce•d:e of
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the a.ale .. o:~\ ··rsaitl . bonds or &ny of them shall be placed in the T·reas-
. " ury °'f: ea.!d. Cit;t· to the credit of the funda !or which they vere
au:thorized ..
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Arid 1 t ie furtht) ord&ined and ordered that
· there · e.baii' :be levied and collected each ·.and every year upc0n all
::.pro~ert.y .aubjecrt to taxa.tion in aa.1d City a tax sufficient to ~Y
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· ... a11: .°"! t)le interest on such bonded indebteone&a as s~:1d interest
·. :,, fa1la dhe·~ . and' a surt.ieiexit count also to pi;,y 8&.id. in<iebtedneea
.:ea~:h· :.and e.:r~·r.Y y.ear, and su.t'f'ic.ient-to pay all of the interest 9n
a"ti:dh .b.o:rided inde"btedness as said interest falls due 1 and a s.uffi• .,
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8:ttf!ie1.ent to pay the whole. of the principal and interest of said ., •,
i':ndebtedne·sa. 021 or ·ce!o:t"e· tne· maturity the:reo:r 1 and the said Cou.n
e·f1" ·(it· tl.le.::·C:i ty ~of· Palo ;.i t.o hereb;y\ m.U:.e$ provision· for the levy
and coll~ction or said ,taxes,. a.nd for· the levy and collection of
·all sume ·}:hat shall 1::e er may be neceeea.ry to pay in full all tl':.e
i:tlterea~ ~d prio.<:.1pal o~ said bonded. i'ndebtedness a.e tlle same.
· s~sll ,tall d:u·e~ and hereupon eon-:racts a.nd asreee, re:preaenta: and
_pro·.ti:f.s ee:· tha:,t :such levy shali 'be made as aforesaid in case the
e a.·1~ bones ah.all be issued as s.foreaaid, an.cl so far as this Cowl
ell has the po'Wer now to make acid levy, it hereby makes the ea.me.
And: the sa1C. Council cf t!:e City of' !~a.J..o .Alto furt.he'.r or-
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to oe ·¥ep·t·. 'ty the Xrea&~er Of said City, to be dee :lg:la ted .a:.& the
... '' ' ,. : '. '' ro·r the P. ay:p.e rl t of ti:.e 'Pa.lo Alto City :Bonde o~' 1914' . · Si»:.>.kie.g'.~nd
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-.nd t:t.ai the pr:oceed'.s·of th.e levy above :::\entioned shall be pail'!
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in to es.id': sinking fund as ·soon ae the &BJ'lle a.hall be collected, and
s.haJ.·l re::nai.:o in said sinking fund until required for the reepee!.-
.1 V.e-pqment,6 of principa.1 and 1ntere st to oe made upon eaia t:o::::de,
and. tha:t when the ·respe~ti ve ps.yI:lent.s of the principal and inter:.
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·eet o.f ~s.ic! bonds shal1 fall du.e the Treasurer of said City be,_
· e.nd .. he .i's;· hereby authorized and.. co::ima...i.ded to :pay out of the moneys
ot eai~· '. sinldn.g fund the said respective e...~ounts thereof lli·hen de-
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. E(x/e:x)<ier iot the co.rreepond.ing bond.a. anc. coupons to said Tre.ao~er,
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.. tl;i~'. .dut,y err· .said .Treasurer .sl)all be to cancel ea.id 'bond& and cou-
-p:one .as ·p~ia: immediati~ arter their payment~
A.:nd it ie .f1.t±-tber ordained,, contracted.. repre.ae.nted.
· · pr·o·mised &td' a.greed tha.t n~.ne of the moneye. pa.id into ea.id sinking
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.. fund sha.ll. be. 'l.Aflf-ed. :ror ~ other purpose than ·the :paYment of ·th~
principai o..f'. ~·~id indebtedness and the interest thereon •. until the
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whole ·&m.ount. o!' said indebtedness and interee:t e~a.ll baYe been ful· ' '
ly paiid, and: that ea.ch and e'!fery one of the condi ti one and prov1-·
· .eio~· stated and prov:14ed. in xelation to the .tut .. ·hi bonds by aaid
ord.i~anee callingsaid:eleotion eba.ll be complied. with.
· See. 4~ All 'bond.a of sai<! City herein provided to
"b.e ietnJ._ed~ shs.llb~ar the· date hereinbefore provided. and shsl:~
'be .. e~~~uted: · e.nd oe · rea.dy !or deliveey t.o the purchaeer on pa.y ...
?l1ent .. or· ~chase pri.ee, and. ehe.J.l be li thograplled or pr1nted on
bond ·j>aper eo called.; &.nd when properly· e.xeeuted, sig,ned and· ....
·s:ea,1ed, . ~l~all be. ~·d.eliverel! to the City Trea.surer and s receipt
'tllereforr e~ecuted by him to the "fl.&yor of the City of Palo Alto
'.~n?-City: :Cler~, reciting the number of each bond and that the'
·same .are ·t·o be delivere·d to th:e order of the Council. of t.he
. '' ' Ci~;! of P:alo ·Alto. ~pproved by th~ l'tay_or; and said City Trea.eur ...
er eh.ail: be held ·resp.o-neible .on. his o!f:icial bond for t.1le safe
et6st.ody. ·and .delivery thereof, as af'oree&.id •
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This Ordinance eha.ll be post.ed by the City
Clerk''. on 'the bulletin board in the C:t ty Eall, and shall take
e:f'f-t;:·ct and be in. to:rce from arl\'! id .. ter its pasea,ge.
·Thifi. ordinane~. was introdueed. on .:the 25th day o'!. il.:a:y:,,
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1914~ :arid. was . therea!ter~srda duly pa.$Sf!d .and adopted. 8.8 ~:!
dina.nce·::°"'f ·t.:ue ,,City ot Palo Al.to. by unanimous vote:t! a.t the re-
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.!:.hereby:c~lZti1y t!:at the above and foregoirlg or-
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dins.rice .~s duly passe.d and pcsted a5 above set forth.
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