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and <br />S <br />WHEREAS, the bid of Bank of America N.T. & G.A. <br />and Associates <br />is the highest bid for the bonds, considering the interest <br />rate(s) specified and the premium, if any, offered; <br />NOW, THEREFORE, BE IT RESOLVED by the Council of <br />the City of Redwood City as follows: <br />1. Said bid of Bank of America N.T. & S.A. <br />and Associates <br />for the bonds is hereby accepted and the Treasurer is hereby <br />authorized and directed to deliver the bonds to said purchaser <br />thereof upon payment to the Treasurer of the purchase price, <br />less discount <br />to wit: The par value thereof ami a7Tgfff1uffi of $214,855 , <br />together with accrued interest at the following rate(s): <br />Maturity Years <br />(Inclusive) <br />1Q70 to 2007 <br />to <br />to <br />to <br />to <br />to <br />Interest Rate <br />Per Annum <br />6.00 % <br />The bonds shall bear interest at the rates hereinabove set <br />forth, payable on January 1, 1969, for the period from March <br />1, 1968, to January 1, 1969, and thereafter semiannually on <br />January 1 and July 1 in each year. <br />2. All bids except said accepted bid are hereby <br />rejected and the City Clerk is hereby directed to return <br />to the unsuccessful bidders their several checks accompany- <br />ing their respective bids. <br />2 <br />