Res69 6019 - Laserfiche WebLink

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. . and to procure their execution by the proper officers, and to deliver them, when so executed, to the City Treasurer of said City who shall safely keep the same until they shall be sold, whereupon he shall deliver them to the purchaser or purchasers thereof, on receipt of the purchase price. Said Mayor and City Clerk are further authorized and directed to make, exe- cute and deliver to each purchaser of the Series D Bonds a signature and no-litigation certificate in the form customarily required by purchasers of municipal bonds, certifying to the genuineness and due execution of said bonds and further certi- fying to all facts within their knowledge relative to any liti- gation which may or mi~ht affect said District, said officers or the Series D Bonds, and said City Treasurer is further author- ized and directed to make, execute and deliver to each pur- chaser of the Series D Bonds a receipt in the form customarily required by purchasers of municipal bonds, evidencing the pay- ment of the purchase price of the Series D Ronds so purchased, which receipt shall be conclusive evidence that said purchase price has been paid and has been received by said City. Any purchaser or subsequent taker or holder of any of the Series D Bonds is hereby authorized to rely upon and shall be justified in relying upon such signature and no-litigation certificate and upon such receipt with respect to the Series D Bonds execu- ted pursuant to the authority of this resolution. Section 8. The Series D Bonds shall be offered for public sale by the Council on July 16, 1969, along with $360,000 principal amount of Redwood City General Improvement District No. 1-64 1964 Reclamation Bonds, Series D, and the City Clerk is hereby authorized and directed to cause notice of the sale of said series of bonds to be published once in 10 L