Res65 4810 - Laserfiche WebLink

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• • and in the issuance of the bonds have existed, happened and been performed in due time, form and manner as required by law, including the Charter and the Ordinance, and the Dis- trict is now authorized pursuant to each and every require- ment of law to incur indebtedness in the manner and form as in this resolution provided. Section 2. Bonds of the District in the aggregate principal amount of $1,615,000 shall issue pursuant to the Ordinance to pay the cost of the acquisition, construction, improvement, maintenance and operation of the District Pro - ject set forth in the following measure, to wit: MEASURE (B): Shall Redwood City General (District Improvement District No. 2 -65 No. 2 -65 incur a general obligation Water System bonded indebtedness in the Improvement principal amount of $1,615,000 Project) for the acquisition, construc- tion, improvement, maintenance and operation of the following district pro - ject, to wit: Water System Improvement Pro- ject comprising (a) improvements and addi- tions to existing water supply and distribu- tion facilities; (b) new pumping, storage and transmission system; (c) new central indicat- ing and control system; (d) lands, rights of way and easements for any or all of said works; and (e) other works, property 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$1,615,000 in aggregate principal amount and shall be known as "Redwood City General Improvement District No. 2 -65 1966 Water Bonds." The bonds shall be negotiable in form, and of the character known as serial and shall be 323 in number, numbered consecutively from 1 to 323, 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