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<br />AND WHEREAS, the said bid of Ba nk of <br />Arrerica, N.T.?' S.A. 1s the highest and best <br />bid for said bonds, considering the interest rate(s) specified <br />and the premium offered, <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Cowlcil of <br />the City of Redwood City as follows, to wit: <br /> <br />1. Ss,id bid of <br /> <br />Bank of America, N.T.& S.A. <br /> <br />for $48,000 principal amount of City <br />of Redwood City 1944 City Plan Bonds, Series C, and $125,000 <br />principal amount of City of Redwood City 1949 Sewer Bonds shall <br /> <br />be, and is hereby, accepted and the Treasurer of the City of <br /> <br /> <br />Redwood City is hereby authorized and directed to deliver said <br /> <br />bonds to said purchaser thereof upon payment to said Treasurer <br />of the purchase price, to wit: said par value thereof and a <br />premium of $ 158.00 , together with accrued interest at the <br />following rate(s): <br /> <br />. <br /> <br />A. City of Redwood City 1944 City Plan Bonds <br /> <br />Bond Numbers <br />(inclusive) <br /> <br />Cl to C 10 <br /> <br />ell to C 48 <br /> <br />Interest Rate <br />Per Annum <br />It % <br />1-3/4% <br /> <br />% <br />% <br /> <br />to <br /> <br />to <br />B. City of Redwood City 1949 Sewer Bonds <br /> <br />Bond Numbers <br />(inclusive) <br /> <br />Interest Rate <br />Per Annwn <br /> <br />1 to ~ 21 % <br />4 <br />36 to 60 2 % <br /> - <br />61 to 125 2A. % <br />4 <br /> to - % <br /> <br />Said bonds shall bear interest at the said rate(s) hereinabove <br />set forth, payable semi-annually on June 15 and December 15. <br /> <br />2 <br />