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All ORDINANCE PROVIDING FOR THE EXECUTION AND
SALE OJ! BONDS OJ.i' THE CITY OF PALO ALTO, ANOWll
AS THE "WATEP. AND SEWEE BONDS OF NINETEEN
TWENTY THREE"
The CoU:loil of the City of Palo Alto
DO ORDAIN as follows:
WHE?.EAS at a special bond election
held in the City of Palo Alto on February.9th,
1923, under Ordinance Bo. 25~ of said city, authority
was given to issue bonds of said c1 .. t7 in the sum
ot One Hundred and Sixty Thoueand lNllar& {$160,000)
for the acquisition, constra.ction and exten1sion
of the water and sewer mains of said city.
AND, WHEP.EAS, after said au.thc1rization
by the electors <t:'o issue said bonds, the Co·uncil of
the City of .l?alo""Alto duly passed Grdina.nee No. 264
of said city, providing for the issuance of' said
(bonds to whio.ll O_rdinance No .. 264 reference is hereby
made for fur11ber particulars.
AND, WHEREAS, by said Ordinance ~o.
264 the Council determined that one hundred and
sixty (160) bonds of the denomination of One Thousand
Dollars ($1000) each to be known as the "Water and
Sewer Eonds o! .Nineteen Twenty Three (1923)" should
be issued and executed as provided by said Ordinance.
said bonds to be dated the first day of June, 1923,
and to be_ of t.o.e o.enomination of One Thousand
Dollars eacht bearing interest at the rate Of"five
per cent Co%1 per annum. -
And, WHEREAS, thereafterwarda bonds
numoered one (1) to one hundred '100) inclusive
were duly executed and sold as provided by said
ordinance.
And, WHEREAS, there remains in the
possession of said city sixty (60) bonds of said
authorized issue unsold and which said bonds have
. not been exeo·u.ted oy the officers of said c1 ty as
provided by said urdinance llo. 264.
and, WHEP.EAS. subsequent to the passage
of said Ordinance No. 264 the City Clerk of the
City of Falo Alto in office at said time who was
authorized by said Ordinance to countersign said
bonds has died. -. .,.
And, WHEP.EAS, a Mayor has been duly
elected and q11ali:f'ied in p-lace of the .Mayer in
o:f'f'ice at the time of. the passage of Ordinance 1~o.
264.
And, Whereas, the Charter of the City
of Palo Alto provides that in the case o! the
absence or disability of the llli.ayor,a Mayor rro Tem
shall be appointed with the full yawers of the
Kayor,
And, Whereas, at the time of' the
passage of this Urdin&nce a llaayor iro Tem had been
duly appointed and qualified and is act1Dg as Mayor
ORD 319
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of the City of .Palo .;::;i_ to owing to tile absence
froru the State of the .Mayor of said city:
BOW, THEREFOP.E, IT IS HEREBY ORDERED
that the Mayo~ Pro Tem of the City of ialo. Alto
be and he is hereby authorized to sign oonds
numbered o~e hundred and one ( 101:) to one hundred
twenty five (125) inolueive, being ~wenty-!ive
< 25) bonds of the denomination ot Ut_:e Thousand
Dollars C$l.O.OO) each of said "Water•at1.d Sewer
Bonda of Nineteen Twenty Three (1923)r.; and the
Treasurer ~a hereby authorized to sign each
and every one of said bonds, and the City Clerk
of said City be and he is hereby a·11thorized to
countersign each and every one of said bonds
numbered one hundred and one (101) to one hundred
and twenty :rive (125) inclus.ive, and he snall
affix thg corporate seal of said city to each and
every one of said bonde, and said signing and
sealing enaJ.l constitute and be a sufficient and
bil).dir.ig execution of each and every one of said
bot1.ds b7 and. in behalf of said city; the present
li thograpbed signature of the 11ree.so.rer on the
interest coupons of said oonde is hereby ratified
and confirmed. ,
IT IS FURTHER ORDERED, that the remaining
number of ·oonde in said issue, to-wit: Bonds
.numbered One Hundred and Twenty six ( 126) to One
Hundred and Sixty (160) be executed by the Mayor
or Mayor Pro Tem as the case may be, the Treasurer,
.and the City Clerk then in office at the City of
Palo Alto at the time of said execution, to be
in the manner and :f'orm e.s pr(vided by O:rdins.nce
No. 264, it being the intent of this provision
to empower, ratify and confirm the proper execu
tion of the remaining number of bonds not hereto
fore executed in the above issue and that the
officers then in office shall have the power,
without ~rther ordinance or re~olution of thin
Council, to so execute said bonds.
IT IS Fu.RT.HER ORDERED, that when the
bonds above named are executed by the present,
or future officers of the City of Palo Alto
designated to execute said bonds in the name of
the City, that said execution of said bonds
substantially, and in the manner and form as
provided by Ordinance No. 264 of ~aid city shall
c~nstitute a binding obligation upon said city.
The City Clerk is directed to post this
ordinance on the bulletin board at the City Rall
and j.t shall go into efi'eot at onoe.
The above and foregoing ordinance was
duly passed by th.e Council of the City of Palo
Alto at the adjourned meeting held on the 29th
day of June, 1925, by the following vote:
AlES: Bertsche, Blair, Duveneck, j~astera.ay, Jordan,
Lausten,•endenhall,Thoite, Williams, Wing.
NOES: None
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ABSElfT: Cathc~rt,Cooley,Cottrell,Hobart, Boilll
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