HomeMy WebLinkAboutReso 5851-1972 RESOLUTION NO. 5851
A RESOLUTION AWARDING SALE OF BONDS
CITY OF SOUTH SAN FRANCISCO
$600,000 WATER POLLUTION CONTROL BONDS OF 1972
RESOLVED, by the City Council of the City of South San
Francisco, California, as follows:
WHEREAS, pursuant to Resolution No. 5840, adopted by said
Council on May 1, 1972, calling for bids on the sale of bonds, notice
of said sale has been duly given; and
WHEREAS, at the time and place fixed therein for receiving
bids for the purchase of said bonds, said bids were received and
publicly opened, examined and declared, and referred to this Council
for its consideration;
NOW., THEREFORE, iT IS HEREBY DETERMINED and ORDERED~ as follows~
1o 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 America, N.Y. & S.A. and Associates
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.
2o That the interest rate of said bonds be, and the same is
,
hereby, fixed at the rate stated in said bid°
3. That the City Clerk be, and he is hereby, directed to
have said bonds printed, and that the same be immediately signed,
sealed and delivered to said bidder on receipt of the amount therefor
and upon the performance of the conditions contained in said written
offer.
The foregoing resolution was regularly introduced and
adopted at a regular meeting of the City Council of the City of
South San Franc isco~ held on the
by the following roll call vote:
AYES, COUNCILMEN
NOES, COUNCILMEN
ABSENT, COUNCILMEN
5th day of June
Patrick E. Ahern, Gordon T. Boblitt,
William A. Borba, F. Frank Mammini
and Warren STelnkamp
None
None
, 1972
ATTEST:
City
APPROVED:
Mayor