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<br /> !' SEAS , said City Clerk of the City of Redwood City has duly
<br /> mailed notices of the postponement of said sale of said bonds to invest-
<br /> ment dealers , banks and other prospective purchasers , which notice described
<br /> the bonds to be sold and designated the time and place to which such sale
<br /> was so postponed; and
<br /> WHEREAS , it appears that due and adequate notice of the sale of
<br /> bonds of Series A has been given to all prospective purchasers ,
<br /> NOW , THEREFORE , BE IT RESOLVED by the Council of the City of
<br /> Redwood City , as follows :
<br /> 1 . That the action of the City Clerk in mailing notice of time
<br /> and place to which the sale of said bonds was duly postponed , and the form
<br /> of such notice of postponement of sale , be and the same are hereby ratified ,
<br /> confirmed and approved.
<br /> . . . Mme_
<br /> The Ctty Clerk reported on bids for the $350 , 000 Refs.-nanei .•o esue, as follows:
<br /> Principal Due Premium Interest Rate
<br /> Name of Bidder Amount _ Dates Offered Specified
<br /> Brown Harriman & Company ( $270 , 938/39 $ 77 . 00 4%
<br /> ( 000 1940/47 2%
<br /> R. H. Moulton & Company 350 , 000 1 , 707 . 00 24%
<br /> The First Boston Corporation ( 105 ,000 193g/40 21 . 00 33%
<br /> ( 245 , 000 1941/ 47 20
<br /> American Trust Company ( 7 , 930/39 52. 50
<br /> 20 000 1
<br /> 9 / 7 2%
<br /> Harris Trust & Savings Bank 350 , 000 193g/47 277 . 00 2Q%
<br /> John Nuveen & Company 350 , 000 193g/47 1 , 009 . 00 2-3/4
<br /> Councilman Jones , seconded by Councilman McNulty , proposed the adoption of the following resolu-
<br /> tion Selling $350 , 000 Principal Amount of City of Redwood City General Improvement Fund
<br /> Bonds of 1937 to Brown Harriman & Company, Inc . , the best bidders among bids received
<br /> January 11 , at 3 o ' clock p. m. Carried.
<br /> RESOLUTION SELLING $350 , 000 PRINCIPAL AMOUNT OF CITY OF REDWOOD
<br /> CITY GENERAL IMPROVEMENT FUND BONDS OF 1937
<br /> WHEREAS , the Council of the City of Redwood City by Ordinance duly passed
<br /> and adopted on the 21st day of December , 1936 , authorized the issuance of $350 , 000
<br /> principal amount of bonds of the City of Redwood City to be known as "City of Red-
<br /> wood City General Improvement Fund Bonds of 1937 , " consisting of 350 bonds of the
<br /> denomination of $1 , 000 each, numbered 1 to 350 , inclusive , and maturing in consecu-
<br /> tive numerical order $35 ,000 principal amount on January 1st in each of the years
<br /> 193g to 1947 , both inclusive , and to bear interest at a rate not to exceed four ( 4 )
<br /> per cent per annum , payable semi-annually; and
<br /> WHEREAS , said Council of the City of Redwood City by resolution duly
<br /> passed and adopted on the 4th day of January , 1937 , duly authorized the sale of
<br /> said General Improvement ?and Bonds of 1937 at public sale to the highest and best
<br /> bidder therefor; and
<br /> WHEREAS , due notice of the time and. place of such sale was mailed by the
<br /> Clerk of the City of Redwood City to investment dealers , banks and other prospective
<br /> purchasers of said bonds , and the following bids for said bonds were and are the
<br /> only bids received by said Council , to-wit :
<br /> Principal Due Premium Interest Rate
<br /> Name of Bidder Amount Dates Offered Specified
<br /> Brown Harriman & Co 0000 193g/39 $ 77 . 00 4
<br /> ��T ( $280 � 000 1940/47 9 / 9 77 • �
<br /> ( 2%
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