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<br />DF.S:djg-c <br />3:djg-c <br /> <br />1/21/83 <br />2/28/83R <br /> <br />as specified in the recitals hereinabove is not necessary for <br /> <br />the objects and purposes for which said amount was originally <br /> <br />authorized to the extent originally contemplated; <br /> <br />(c) The revised amount unissued for the project as <br /> <br />designated in Section 2 hereof is adequate and necessary for <br /> <br />the objects and purposes of said project. <br /> <br />SECTION 2. The principal amount of Redwood City General <br /> <br />Improvement District No. 1-64 1964 Reclamation Bonds heretofore <br /> <br />authorized but unissued shall be, and hereby is, reduced to the <br /> <br />following amount: <br /> <br />PROJECT (Measure) <br /> <br />REVISED AMOUNT UNISSUED <br /> <br />Reclam. & Drainage (A) <br /> <br />$8,000,000 <br /> <br />SECTION 3. The principal amount of Redwood City General <br /> <br />Improvement District No. 1-64 1964 Reclamation Bonds representing <br /> <br />the difference between the amount heretofore authorized for <br /> <br />issuance pursuant to the Resolution, but remaining unissued, and <br /> <br />the revised amount unissued as specified in Section 2 hereof, <br /> <br />shall be, and hereby is, cancelled and voided. <br /> <br />SECTION 4. This Council hereby declares that it is the <br /> <br />policy of this Council not to provide for the issuance and sale <br /> <br />of any portion of the principal revised amount unissued as set <br /> <br />forth in Section 2 hereof unless and until an advisory election <br /> <br />on the question of such issuance shall have been called, held and <br /> <br />3 <br />