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<br />to said Brown Harriman &-Co., Inc., upon payment to said City Treasurer of the
<br />said purchase.price, to -wit: Par, accrued interest at the rate of 21% to date
<br />of delivery, and a premium of $52.00.
<br />RESOLVED, further, that said $200,000 principal amount. of City of
<br />Redwood City Harbor Improvement Bonds of 1936, Series A, shall ,bear interest
<br />at the rate of Two,and one-half (22) per cent per annum, payable semi-annually
<br />as aforesaid.
<br />RESOLVED, further, that the City Clerk is directed to cause to be
<br />lithographed, printed.or engraved a sufficient number of blank bonds and.coupons
<br />of suitable quality, said bonds coupons to show on their face that the. same bear
<br />interest at Two and.one-half (2j) per cent per annum, payable semi-annually on
<br />January lot and July lot in each year.
<br />RESOLVED, further, that this resolution shall take effect from and
<br />after its passage and approval.
<br />After filing affidavit of publication of ordinance and notice of hearing, Ordinance No. 389,
<br />referring to the location of private schools in residential sections, was unanimously
<br />adopted, on motion of Councilman Christensen, seconded by Councilman Jones.
<br />After filing affidavit of publication of ordinance and notice of hearing, Ordinance No.
<br />390, referring to the reclassification of Lot 3, Block 2, Dingee Park, was adopted,
<br />on motion of Councilman Eva, seconded by Councilman Jones, with Councilmen Hohn and
<br />McNulty voting "Noy'.
<br />A letter from Governor Merriam, acknowledging receipt of a letter from the City Attorney
<br />in regard to title to the cemetery, was ordered filed and the City Clerk instructed
<br />to bring the matter up before the Council at the second meeting in February.
<br />Mr. Ed. Serretto, 50 Finger Avenue, owner of Lots 6, 7 and 8, Finger Park Tract, sub-
<br />mitted to the Council a map showing proposed building plan according td which three
<br />houses were to be built on this tract of land, and asked approval of the Council,
<br />having previously received approval of the Planning Commission. Permission, as re-
<br />quested, was given on motion of Councilman Fletcher, seconded by Councilman Jones.
<br />Julius Smith spoke to the Council and suggested that perhaps something should be done
<br />by the City to reduce the destructive effects of termites throughout the City,
<br />and on motion of Councilman Eva, seconded by Councilman Jones, the Mayor was authorized
<br />to appoint a'committee of three, not necessarily councilmen, to investigate and bring
<br />in a report, and if possible, recommendations as to appropriate procedure, with
<br />Councilman Hohn voting "Noll.
<br />Mayor McCarthy appointed Mark E. Ryan to serve as representative of Redwood City on county
<br />committee arranging the Presidents Bail.
<br />Adjournment.
<br />BEM: MR*
<br />City C1
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