Res65 4809 - Laserfiche WebLink

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• in due time, form and manner as required by law, including the Charter and the Ordinance, and the District is now authorized pursuant to each and every requirement of law to incur indebted- ness in the manner and form as in this resolution provided. Section 2. Bonds of the District in the aggregate principal amount of $6,200,000 shall issue pursuant to the Ordinance to pay the cost of the acquistiion, construction, improvement, maintenance and operation of the District Project set forth in the following measure, to wit: MEASURE (A): Shall Redwood City General (District Improvement District No. 1 -65 No. 1 -65 incur a general obligation Storm bonded indebtedness in the Drainage principal amount of $6,200,000 Project) for the acquisition, construc- tion, improvement, maintenance and operation of the following district pro - ject, to wit: Storm Drainage Project com- prising (a) construction of storm drainage collection systems, creek channel improve- ments, canals, drains and appurtenant facili- ties; (b) pump and discharge works, including construction of new drainage pumping and dis- charge facilities and improvement and modifi- cation of existing pumping facilities; (c) lands, rights of way and easements for any or all of said works; and (d) other works, prop- erty or structures necessary or convenient for said project? Section 3. The bonds shall be issued as hereinafter set forth, and shall be sold in accordance with law. The bonds shall be $6,200,000 in aggregate principal amount and shall be known as "Redwood City General Improvement District No. 1 -65 1966 Drainage System Bonds." The bonds shall be negotiable in form, and of the character known as serial and shall be 1240 in number, numbered consecutively from 1 to 1240, both inclusive, of the denomination of $5,000 each. The bonds shall be dated January 15, 1966 (which is hereby fixed and determined to be the date of the issue of the bonds). -3-