Res65 4809 - Laserfiche WebLink

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410 410 with the provisions hereof, and to procure their execution by the proper officers, and to deliver them, when so executed, to the Treasurer who shall safely keep the same until they shall be sold by the Council, whereupon he shall deliver them to the purchaser or purchasers thereof, on receipt of the purchase price. The Mayor, Treasurer and Clerk are further authorized and directed to make, execute and deliver to the purchaser of the 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 the bonds and further certifying to all facts within their knowledge relative to any litigation which may or might affect the City, said officers or the bonds, and the Treasurer is further authorized and directed to make, execute and deliver to the purchaser of the bonds a receipt in the form customarily required by purchasers of municipal bonds, evidencing the payment of the purchase price of the bonds so purchased, which receipt shall be conclusive evidence that said purchase price has been paid and has been received by the City. Any purchaser or subsequent taker or holder of any of the 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 bonds executed pursuant to the authority of this resolution. Section 10. All of the bonds shall be offered for public sale by the Council on December 6, 1965, along with $1,615,000 principal amount of Redwood City General Improvement District No. 2 -65 1966 Water Bonds and $1,840,000 principal amount of Redwood City General Improvement District No. 3 -65 1966 Sewer Bonds, and the Clerk is hereby authorized and directed to cause -14-