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MINUTES OF REGULAR ADJOURNED MEETING
<br /> REDWOOD CITY COUNCIL
<br /> AUGUST 23 , 1938
<br /> 8 : 05 P . M.
<br /> Upon roll call the following were present : Councilman E . A. Fletcher , Wm. Hohn ,
<br /> R, N . Jones , P. A. McCarthy , and City Clerk B . E . Myers ; absent , Mayor L . C .
<br /> Christensen , G. W . McNulty , and H . F . Anderson.
<br /> In the absence of Mayor Christensen , Councilman Jones was chosen to serve as Mayor
<br /> Pro Tem for this meeting on motion of Councilman McCarthy , seconded by Council-
<br /> man Fletcher.
<br /> There was received and ordered filed resolution of the Board of Port Commissioners
<br /> requesting the City to sell $50 ,000 principal amount of City of Redwood City
<br /> Harbor Improvement Bonds of 1936 .
<br /> Councilman Fletcher , seconded by Councilman McCarthy , proposed the adoption of the
<br /> following resolution: Carried.
<br /> "AUTHORIZING AND DIRECTING THE SALE OF $50 , 000
<br /> PRINCIPAL AMOUNT OF CITY OF REDWOOD CITY HAR-
<br /> BOR IMPROVEMENT BONDS OF 1936 , SERIES "B"
<br /> CNN' MOP vine
<br /> "WHEREAS , the City of Redwood City has heretofore duly authorized
<br /> the issuance of$266 , 000 principal amount of City of Redwood City Harbor
<br /> Improvement Bonds of 1936 , divided into two series designated " Series A"
<br /> and " Series B " respectively , aggregating in principal amount $200 , 000
<br /> and $66 ,000 , respectively; and
<br /> WHEREAS , it is desirable that $50 , 000 principal amount of the Series
<br /> B bonds of said City of Redwood City Harbor Improvement Bonds of 1936 be
<br /> offered for sale at this time ,
<br /> NOW , THEREFORE , BE IT RESOLVED , by the Council of the City of Redwood
<br /> City , California , as follows :
<br /> Section 1 . That $50 , 000 principal amount of City of Redwood City
<br /> Harbor Improvement Bonds of 1936 , Series B , being bonds numbered B-17 to
<br /> B-66 , both inclusive , be offered for sale and sold to the highest and best
<br /> bidder at not less than their par value and accrued interest to date of
<br /> delivery , - such interest to be fixed in accordance with the bid of the
<br /> successful bidder .
<br /> Section 2 . That the City Clerk of said City be , and he is hereby ,
<br /> authorized and directed to cause notice of the sale of said bonds to be
<br /> mailed to such investment banking firms , banks and trust companies as , in
<br /> his judgment , he deems may be interested in the purchase of such bonds ,
<br /> and that such notice shall be substantially in the following form, to wit :
<br /> OFFICIAL NOTICE OF SALE
<br /> OF
<br /> CITY OF REDWOOD CITY HARBOR IMPROVEMENT BONDS OF 1 9 3 6
<br /> NOTICE IS HEREBY GIVEN that sealed bids will be received by the City
<br /> Council of the City of Redwood City , at its usual meeting place , in the
<br /> Council Chambers , City Hall , in the City of Redwood City , California , until
<br /> 8 o ' clock , P. M. , of Monday , the 19th day of September , 1938 , for the pur-
<br /> chase of $50 , 000 principal amount of City of Redwood City Harbor Improve-
<br /> ment Bonds of 1936 , at which time said bids will be publicly opened . Said
<br /> bonds constitute part of an authorized issue of bonds of said City , known
<br />
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