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Ord85 1914
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Ord85 1914
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Last modified
7/5/2005 2:29:00 PM
Creation date
10/7/2004 1:47:18 PM
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Template:
CC Index
CC Index - Document Type
Ordinance
Date
6/17/1985
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<br /> EXHIBIT A <br /> CITY OF REDWOOD CITY, CALIFORNIA <br /> 1985 TAX AND REVENUE ANTICIPATION NOTE <br />No. <br />$ Date: July __ , 1985 <br /> FOR VALUE RECEIVED, the Ci ty of Redwood City (the "City"), State of <br />California, acknowledges itself indebted to and promises to pay to the bearer <br />hereof, at the office of the City Treasurer in Redwood City, California, the <br />principal sum of <br /> DOLLARS ($ ) <br />in lawful money of the United States of Ameri ca, on , together <br />with interest thereon at the rate of ____% per annum in like lawful money from <br />the date hereof until payment in full of said principal sum. Both the <br />principal of and interest on this Note shall be payable only upon surrender of <br />this Note as the same shall fall due; provided, however, no interest shall be <br />payable for any period after maturity during which the holder hereof fail s <br />properly to present this Note for payment. <br /> It is hereby certified, recited and declared that this Note is one of an <br />authorized issue of Notes in the aggregate principal amount of not to exceed <br />Four Million Six Hundred Thousand Dollars ($4,600,000), all of li ke tenor, <br />issued pursuant to the provisions of Ordinance No. of the City Council <br />of the City duly passed and adopted on , 1985, under Section 66 of <br />the Charter of the City and pursuant to Article 7.6 (commencing with Section <br />53850) of Chapter 4, Part 1, Division 2, Title 5, of the California Government <br />Code, and that all things, conditions and acts required to exist, happened and <br />been performed in regular and due time, form and manner as required by law, <br />and that thi s Note, together wi th all other indebtedness and obligations of <br />the City, does not exceed any limit prescribed by the Constitution or statutes <br />of the State of California. <br /> The principal amount of the Notes, together wi th the interest thereon, <br />sha 11 be payab 1 e from taxe s , revenue and other moneys which are received by <br />the City for the Repayment Fund of the City for the Fiscal Year 1985-1986. As <br />security for the payment of the pri nc i pa 1 of and interest on the Notes the <br />City has pledged (a) the first $2,600,000 of lIunrestricted moneys II , as <br />hereinafter defi ned, to be received in December, 1985, and (b) the first <br />$2,000,000, together with any additional amount required to pay any remaining <br />interest on the Notes, if any, of unrestricted moneys to be received in April, <br />1986 (such pledged amounts being hereinafter called the IIP1edged Revenuesll); <br />and the pri nci pa 1 of the Notes and the interest thereon shall consti tute a <br /> -5- <br />0" ._-- <br />
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