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264 <br /> to said Brown Harriman & Co . , Inc. , upon payment to said. City Treasurer of the <br /> said purchase price , to-wit : Par , accrued interest at the rate of 2e% to date <br /> of delivery , and a premium of $52. 00 . <br /> RESOLVED , further, that said $200 , 000 principal amount of City of <br /> Redwood City Harbor Improvement Bonds of 1936 , Series A, shall bear interest <br /> at the rate of Two and one-half ( 22) per cent per annum, payable semi-annually <br /> as aforesaid. <br /> RESOLVED , further , that the City Clerk is directed to cause to be <br /> lithographed , printed or engraved a sufficient number of blank bonds and coupons <br /> of suitable quality , said bonds coupons to show on their face that the same bear <br /> interest at Two and one-half ( 2k) per cent per annum , payable semi-annually on <br /> January let and July 1st in each year. <br /> RESOLVED , further , that this resolution shall take effect from and <br /> after its passage and approval . <br /> After filing affidavit of publication of ordinance and notice of hearing , Ordinance No . 3gg , <br /> referring to the location of private schools in residential sections , was unanimously <br /> adopted, on motion of Councilman Christensen , seconded by Councilman Jones. <br /> After filing affidavit of publication of ordinance and notice of hearing , Ordinance No . <br /> 390 , referring to the reclassification of Lot 3 , Block 2 , Dingee Park , was adopted , <br /> on motion of Councilman Eva , seconded by Councilman Jones , with Councilmen Hohn and <br /> McNulty voting "No" . <br /> A letter from Governor Merriam , acknowledging receipt of a letter from the City Attorney <br /> in regard to title to the cemetery , was ordered filed and the City Clerk instructed <br /> to bring the matter up before the Council at the second meeting in February. <br /> Mr. Ed. Serretto , 50 Finger Avenue , owner of Lots 6 , 7 and g , Finger Park Tract , sub- <br /> mitted to the Council a map showing proposed building plan according to which three <br /> houses were to be built on this tract of land , and asked approval of the Council , <br /> having previously received approval of the Planning Commission. Permission , as re- <br /> quested , was given on motion of Councilman Fletcher , seconded by Councilman Jones . <br /> Julius Smith spoke to the Council and suggested that perhaps something should be done <br /> by the City to reduce the destructive effects of termites throughout the City , <br /> and on motion of Councilman Eva, seconded by Councilman Jones , the Mayor was authorized <br /> to appoint a committee of three , not necessarily councilmen , to investigate and bring <br /> in a report , and if possible , recommendations as to appropriate procedure , with <br /> Councilman Hohn voting "No " . <br /> Mayor McCarthy appointed Mark E. Ryan to serve as representative of Redwood City on county <br /> committee arranging the President ' s Ball . <br /> Adj ournme nt . <br /> � I <br /> City C1 _ y► <br /> BEM: MR <br />