HomeMy WebLinkAboutReso 3775-1963WHJM:SSD:amf 8-19-63 15C
RESOLUTION NO. 3775
A RESOLUTION AWARDING SALE OF BONDS
MUNICIPAL IMPROVEMENT BONDS OF 1963
$893,000 - SECOND DIVISION
RESOLVED, by the City Council of the City.of South San Francisco,
California, that
WHEREAS, said Council, pursuant to its resolution calling for
bids on the sale of bonds, adopted August 5, 1963, gave due notice
of said sale;
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 publicly opened, examined and declared by said Council.
NOW, 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 BANK OF A~£RICA N.T. & S.A. AND ASSOCIATES
as the highest responsible bidder therefor, with interest to the date
of delivery of said bonds, said sale to be subject to all of the terms
and conditions set forth in the Official Notice of Sale.
2. That the City Clerk of said City be, and he is hereby,
directed to have said bonds printed forthwith, and that the same be
immediately signed, sealed and delivered to said bidder on receipt
of the amount therefor as above stated, with interest but not other-
~se, 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
Srd day of
vote:
reQular
September
meeting held this
1963 , by the following
AYES, COUNCILMEN
NOES, "
ABSENT, "
Patrick E. Ahern, Emtlto Cortesi. Andrew Rocca.
G. J. Rozzt, and Frank Bertucelli
None
None
CITY CLERK