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<br />AND, WHEREAS, the said bid of <br />Bank of America NT&SA <br /> <br />is the highest bid for said bonds, considering the interest <br />rate(s) specified and the premium offered, <br />NOW, THEREFORE, BE IT RESOLVED by the Council of <br />the City of Redwood City, as follows: <br /> <br />1. Said bid of <br /> <br />Bank of America BT&S.A <br /> <br />for $150,000 par value of said bonds shall be, and is hereby, <br />accepted and the Treasurer of the City of Redwood City is <br />hereby authorized and directed to deliver said bonds to said <br />purchaser thereof upon payment to said Treasurer of the <br />purchase price, to wit: Said par value thereof and a premium <br /> <br />of $ 79.00 <br /> <br />, together with accrued interest at the <br /> <br />following rate(s): <br /> <br />Bond Numbers <br />(inclusive) <br /> <br />Interest Rate <br />per Annum <br /> <br />5 % <br />3 % <br />.3t % <br />:3 . 20 % <br />Said bonds shall bear interest at the said rate(s) hereinabove <br />set forth, payable annually the first year on December 15, 1957 <br />and thereafter semi-annually on June 15 and December 15 of each <br /> <br />1 to 25 <br />26 to 60 <br />61 to 100 <br />101 to 150 <br /> <br />year. <br /> <br />2. That all bids except the bid of <br />Bank of Amerioa NT&SA <br /> <br />are hereby rejected and the City Clerk is hereby ordered and <br /> <br /> <br />directed to return to the unsuccessful bidders their several <br /> <br /> <br />checks accompanying their respective bids. <br /> <br />2 <br />