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<br />followi~g resolution
<br />
<br />and moves its adoption:
<br />
<br />
<br />, the Council of the ~ity of Redwood City did, on the
<br />
<br />IDth day of
<br />
<br />, 1930, at a regular meeting of said Council, pass
<br />
<br />and adopt a Resolution determining that the Municipal Improvement
<br />
<br />Bonds of 1930, dated May 19th, 1930, of said City, in the amount of
<br />
<br />"""ft -'" 1'1 ~ (....-5 -'00) I'" '\.
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<br />
<br />the bonds issued for
<br />
<br />certain municipal improvements in said City in yursuance of a special
<br />
<br />election held in said City on the'14th day of April, 1930, be sole
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<br />at priv,j"te sale on the f;r..(~ day' of June, .is'30, at the hour of 8:00
<br />
<br />o'clock P.M. of said day; and ~hereas, the Clerk of the City of
<br />
<br />Redwood City did notify a number of the bond cOill)anies ~lO usually
<br />
<br />purchase municipal bonds of the time and ~lace of said sale; ana
<br />
<br />whereas, the Clerk of the Cit~ of Redwood City did notify the state
<br />
<br />Board of Control and the State Treasurer of the State of California
<br />
<br />at Sacramento of the time and place of the sale of said bonds, as
<br />
<br />required by law; and
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<br />~HEhEAS, this is the time and place fixed for the sale of
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<br />SalQ bonds, and said Council of the City of Redwood City having
<br />
<br />recei vea a bid from ?:1iTI fdJ .c)A=~-KI'lALY COl.L-'AHY offering to Lake all
<br />
<br />of said bonds ffild to pay for said bands on a basis of four ana one-
<br />
<br />h~l~ T)e'~co~t (Lld)' .l.~~tell~e~+
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<br />par, accrued interest to date of delivery
<br />
<br />and a premiulli of Two
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<br />l'iUnUrec
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<br />'1"'"'-"'e n t'"-'J.1\ll""" oc;.':\ (1j"'')9'::~. rU'rl)' D'oll~l.r-' ~,
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<br />anG, wh i cll
<br />
<br />said bid of NATI A~ BANKITALY C
<br />
<br />PJ.TY aljpearJTlg to said Council to
<br />
<br />be the highest and best bid for sai6 bonds:
<br />
<br />THE,hEFUH,E, BE: IT FLESOLV,FD by ttle Counel.l of tt.l.G Ci ty of
<br />
<br />Hedvvood Ci ty tha t the bid of NATI01JAL BA1-JKITALY CUMl:"ANY for the whole
<br />
<br />issue of said Ivlunicipa1 ImI.irOVement Bonds of 1~~'30, dEl.tec1 :May 19th,
<br />
<br />19;::,0, of said City, nurnbere6 from 1 to 80, both numbers incl1:si ve,
<br />
<br />aggregatlng Fifty-Five Thousand (~55,OOO) dollars be and they are
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<br />hereby sold to NATIONAL BANKITALY COM2ANY for par, accrued interest
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