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41 <br /> In addition, each bidder is requested (but not required) to <br /> supply an estimate of the total net interest cost to each <br /> district on the basis of each bid made by him, which shall <br /> be considered as informative only and not binding on either <br /> the bidder or the district. Checks of the unsuccessful <br /> bidders will be returned by mail promptly upon the award of <br /> the bids. No interest will be paid upon the deposit made by <br /> the successful bidder. <br /> NO LITIGATION: There is no controversy or litigation <br /> pending concerning the validity of the <br /> bonds, the existence of the districts <br /> or the title of the officers of the City to their respec- <br /> tive offices, and the City will furnish to each successful <br /> bidder a no- litigation certificate certifying to the fore- <br /> going as of and at the time of the delivery of the bonds of <br /> each issue. <br /> OFFICIAL The City has prepared an Official State - <br /> STATEMENT: ment relating to the bonds, copies of <br /> which will be furnished upon request to <br /> the City Clerk or to Stone & Youngberg, 1314 Russ Building, <br /> San Francisco, California 94104, the City's financing con- <br /> sultants. <br /> DATED: November 1, 1965 <br /> City Clerk of the City of Redwood City <br /> • <br /> -20- <br />