HomeMy WebLinkAboutReso 1907-1953 RESOLUTION NO. 1907
RESOLUT~ON VACATING RF~OLUTION NO. 1902 AND TO
AMiD RESOLUTION NO. 1888, PROVIDING FOR THE IS-
SUANCE OF IhTROVEM~ BONDS.
RESOLVED: By the City Council of the City of South San Francisco that:
WHEREAS, the City Council of said City did, on the 18th day of May, 1953, regularly and
duly pass and adopt Resolution No. 1888, providing for the issuance of improvement bonds in
the denominations therein designated, and
I~.S, the City Council of said city did, on the 15th day of June, 1953, pass Resolution
No. 1902, amending Resolution No. 1888 in part, and
WHEREAS, it appears that certain clerical errors ~,'ere made in Resolution No. 1902, ~mending
Resolution No. 1889, and
~'~FREAS, it has ~ome to the attention of the said City Council that the bonds ha,,'e pre-
viously thereto been committed to mature in denominations of three bonds of $1,0OO.00 each and
one bond of $46.56 to mature each year instead of in the denominations heretofore adopted in
Resolution No. 188~,::~a~d
't~EREAS, no protests or objections against the issuance of bonds having been presented
before or at the time of the hearin8 on the adoption of Resolution No. 1888;
NOb', THEREFORE, IT IS t~.?REBY FOUND, DETI~RMINED AND ORD~?~ED that Resolution No. 1902 be
and the same is hereby vacated for reasons above stated;
IT IS FURTH?. FOUND, DETI~J[INED AND ORDER]:D that Resolution No. 1888 be and the same is
hereby amended in part as follows:
Section 3: That said bonds shall be sixty (60) in number, she. ll be dated May 18, 1953,
and bear interest at the rate of five per cent (5%) per annum from the 12th day of February,
1953, being 31 days after the filing of the assessment on January 12, 1953, and the denominations
of said bonds and the interest coupons required to be attached thereto, with the respective
numbers and dates of maturity are as follows:
Series Number Bond No. Denominations Date of Maturity
1 $1,000.00 July 2, 1954
2 1,000.00 July2, 1954
3 1,OOO.00 July2, 1954
~ ~'~6.~6 July 2, 195~
5 1,000.O0 July 2, 1955
6 1,O00.00 July 2, 1955
7 1,000.00 July 2, 1955
8 46.56 July 2, 1955
9 1,000.00 July 2, 1956
10 1,000.00 July 2, 1956
11 1,000.00 July 2, 1956
12 &6.56 July 2, 1956
13 1,O00.00 July 2, 1957
14 1,000.O0 July 2, 1957
1~ i,CO0.OO July 2, 1957
16 46.56 July 2, 1957
17 1,O00.00 July 2, 1958
18 1,000.00 July 2, 1958
19 1,0OO.00 July 2, 1958
20 46,.56 July 2, 1958
286
Series Number
K1
Bond No.
Denominations
Date of Maturity
21 1,0OO.00 July 2, 1959
22 1,OOO.00 July 2, 1959
23 1,OOO.OO July 2, 1959
24 46.56 July 2, 1959
25 1,0OO.OO July 2, 1960
26 1,000.00 July 2, 1960
27 1,O00.00 July 2, 1960
28 46.56 July 2, 1960
29 1,O00.00 July 2, 1961
30 1,0OO.OO July 2, 1961
31 1,0OO.00 July 2, 1961
32 46.56 July 2, 1961
33 1,000.OO July 2, 1962
34 1,000.00 July 2, 1962
35 1,OOO.00 July 2, 1962
36 46.58 July 2, 1962
37 1,O00.OO July 2, 1963
38 1,OOO.00 July 2, 1963
39 1,OOO.O0 July 2, 1963
40 46.59 July 2, 1963
A1 1,000.00 July 2, 1964
42 1,0OO.OO July 2, 1964
~ 1,OOO.00 July 2, 196~
AA 46.59 July 2, 1964
~5 1,000.00 July2, 1965
~6 1,0OO.OO July 2, 1965
47 1,000.00 July 2, 1965
~8 ~6.59 July 2, 1965
~9 1,O00.00 July 2, 1966
50 1,000.00 July 2, 1966
51 1,0OO.00 July 2, 1966
52 46.59 July 2, 1966
53 1,0OO.00 July 2, 1967
54 1,0OO.OO July 2, 1967
55 1,OO0.00 July 2, 1967
56 46.59 July 2, 1967
57 1,000.O0 July 2, 1968
58 1,OOO.00 July2, 1968
59 1,0OO.OO July 2, 1968
60 46.59 July 2, 1968
Section 4. With reference to the $1,O00.00 bonds, the first coupon attached to said
bonds shall have a denoml~tion of $44.50 and the subsequent coupons attached to said bonds
shall have a denomination of $25.00.
The first coupon above-referred to shall represent interest upon the principal of the
$1,OOO.00 bonds to which the same are respectively attached coming due January 2, 1954, and
the subsequent coupens above referred to shall represent the interest co~ing due on the prin-
cipal of the $1,0OO.00 bonds to which are respectively attached for the several semi-annual
periods subsequent to said date.
With reference to the $46.56--&6.59 bonds, the first coupon attached to said bonds
shall have a denomination of $2.14, and ~e subsequent coupons attached to said bonds shall
have a denomination of $1.17.
The first coupon referred to in the $46.56--~6.59 bonds shall represent interest upon
the principal of the said respective bonds to which the same are respectively attached coming
due January2, 195&, and the subsequent couoons above referred to shall represent the interest
coming due on the principal of the respective bonds to which are respectively attsched for
the several semi-annual periods subsequent to said date."
I hereby certify that the foregoing resolution was duly and regularly introduced and
passed at a regular adjourned meeting of the 6ity Council of the City of South San Fran-
cisce held on the 23rd day of June, 1953, by the following vote, to-~,lt:
AYES: Councilme~ John Noonan, Emilio Cortesi, Joseph Bracco
NOES: Councilmeu None
ABSENT: Councilmen Adolph Sani, Telford Smith
Arthur A. Rodondi
~City Clerk