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<br /> WHEREAS , 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 /> AREAS , 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 /> The Ctty Clerk reported on bias for the $350 ,000 Reananoing Bandm-Iseue, as follows :
<br /> Principal Due Premium Interest Rate
<br /> Name of Bidder Amount _Dates Offered Specified
<br /> Brown Harriman & Company ( $ 70 , 000 1935/39 $ 77. 00 4%
<br /> ( 250 ,000 1940/47 2%
<br /> R. H. Moulton & Company 350 ,000 1 , 707. 00 2
<br /> The First Boston Corporation ( 105 , 000 1935/40 21 . 00 3k%
<br /> ( 245 , 000 1941/47 2
<br /> American Trust Company ( 70 , 000 1935/39 52. 50 4%
<br /> ( 2g0 , 000 1940/47 2%
<br /> Harris Trust & Savings Bank 350 , 000 1935/U7 277 . 00 2%
<br /> John Nuveen & Company 350 , 000 1935/47 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 '
<br /> 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 I to 350 , inclusive , and maturing in consecu-
<br /> tive numerical order $35 , 000 principal amount on January 1st in each of the years
<br /> 1935 to 1947 , both inclusive , and to bear interest at a rate not to exceed four ( U )
<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 Fund 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 & Company ( $ 70 , 000 1935/ 39 $ 77 . 00 4%
<br /> ( 250 , 000 1940/47 2%
<br />
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