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<br />. .- <br />, <br /> <br />:. <br /> <br />. <br /> <br />~ <br /> <br />and <br /> <br />WHEREAS, the bid of <br /> <br />Bank of America N.T. & S.A. <br /> <br />and Associates <br /> <br />is the highest bid for the bonds, considering the interest <br /> <br /> <br />rate(s) specified and the discount, if any, bid; <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the Council of <br /> <br />the City of Redwood City as follows: <br /> <br />1. Said bid of Bank of America N.T. & S.A. <br /> <br />and Associates <br />for the bonds is hereby accepted and the Treasurer is hereby <br /> <br />authorized and directed to deliver the bonds to said purchaser <br /> <br />thereof upon payment to the Treasurer of the purchase price, <br /> <br />to wit: The par value thereof less a discount of $186.g66 , <br /> <br /> <br />together with accrued interest at the followin~ rate(s): <br /> <br />Maturity Years <br />(Inclusive) <br /> <br />Interest Rate <br />Per Annum <br /> <br />1971 to 2008 <br /> <br />6.00 <br /> <br />% <br /> <br />to <br /> <br />to <br /> <br />to <br /> <br />to <br /> <br />to <br /> <br />The bonds shall bear interest at the rates hereinabove set <br /> <br />forth, payable on January 1, 1970, for the period from July <br />1, 1969, to January 1, 1970, and thereafter semiannually on <br /> <br />January 1 and July 1 in each year. <br /> <br />2. All bids except said accepted bid are hereby <br /> <br />rejected and the City Clerk is hereby directed to return <br /> <br />to the unsuccessful bidders their several checks accompany- <br /> <br />ing their respective bids. <br /> <br />2 <br />