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264 <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 />RFSOLVED, 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 (2j) 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 (2r) per cent per annum, payable semi-annually on <br />January lst and July 1st 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. 338, <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 "Nall. <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 meetine 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 "No". <br />Mayor McCarthy appointed Mark E. Ryan to serve as representative of Redwood City on county <br />committee arranging the President's Ball. <br />Adjournment. <br />h � <br />L� <br />City 014 1 <br />BEM: !$R <br />I <br />