HomeMy WebLinkAboutReso 3571-1962A RESOLUTION A~fARDING SALE OF BONDS
SPRUCE AVENUE IMPROVE~ENT PROJECT
RESOLVED, by the City Council of the City of South San Francisco, California, that
WHE~[EAS, pursuant to Resolution of Intention No. 33~7, adopted by said Council on
January 2, 1962, and its Resolution calling for bids on the sale of bonds pursuant thereto,
adopted on August 6, 1962, notice of said sale has been duly given;
WHEREAS, this is the time and place fixed therein for receiving bids for the
purchase of said bonds, and said bids have been received and ~.vublicly opened, examined and
declared by this Council;
N0%~f, THEREFORE, IT IS ORDERED, as follows:
1. That all written bids received for the purchase of said bonds, excepting the
bid herein stated, be, and they are hereby, rejected, and that said bonds be, and they are
hereby, ordered sold to J. B. Hanauer Company as the highest responsible bidder therefor,
said sale to be subject to all of the terms and conditions set forth in the Notice of Sale
of said bonds and in said accepted bid.
2. That the Treasurer be, and he is hereby, directed to have said bonds printed
forthwith, and that the same be immediately siEned, sealed and delivered to said bidder on
receipt of the amount therefor and upon the performance of the conditions contained in said
written offer.
3. That the interest rate of said bonds be, and the same is hereby, fixed at the
rate stated in said bid.
I hereby certify that the foregoing resolution was regularly introduced and
adopted by the City Council of the City of South San Francisco at a regular meeting held
this 4th day of September, 1962, by the following vote:
AYES, COU)[CIL~N Leo J. Ryan, Patrick E. Ahern, Andrew Rocca, and G. J. Rozzi
NOES, " None
ABSENT, "
Emilio Cortesi
ATTEST:
/S/ Arthur A. Rodondi
CITY Clerk