HomeMy WebLinkAboutReso 3940-1964 RESOLUTION NO. 3940
A RESOLUTION AWARDING SALE OF BONDS
CABOT, CABOT & FORBES INDUSTRIAL PARK,
UNIT N0. i
RESOLVED, by the City Council of the City of South San Francisco,
California, that
WHEREAS, this Council has received a proposal to purchase bonds
to be issued to represent unpaid assessments to be levied in proceed-
ings to be had under Resolution of Intention No. 3939 adopted May
18, 1964, and all of the owners of more than sixty per cent (60%) of
the area of the property to be assessed have recommended that said
proposal be accepted.
NOW, THEREFORE, IT IS ORDERED, as follows:
1. That subject to consummation of special assessment district
proceedings, said bonds be, and they are hereby, omdered sold to
Stone & Youngberg, subject to all of the terms and conditions set
forth in said accepted bid.
2. That the City Treasurer be, and he is hereby, directed to
have said bonds printed forthwith, upon confirmation of the assessment,
and that the same be immediately signed, sealed and delivered to said
bidder on receipt of the amount therefor as above stated and upon the
performance of the conditions contained in said written offer.
3. That the interest rate of said bonds be, and the .s~e'~s
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 meetin~ held this
18th day of May, 1964, by the followin~ vote:
AY]ES, COUNCILMEN
Patrick E. Ahem, Frank Bertucelli, Emilio
Cortesi~ Andrew Rocca, and Guido J. Rozzi
NOES~ " NoMe
ABSENT, " None
ATTEST:
CITY CLERK