|
� - 287
<br /> • Name of Hidder Net Interest Coet
<br /> ' to Oitq
<br /> P Hannaford & Talbot �23;922,00 \
<br /> •- American Trust Company , 25,768,00
<br /> Weeden & Co. 26,560:50
<br /> Halsey, Stuart & Co. Inc. 26,672,00
<br /> Blyth & Co. ?26,915.50
<br /> AND wHEREAB, the said bid of Hannaford & Talbot ie the highest and best
<br /> , bid for eaid bonds, conaidering the interest rate(e) specified and the
<br /> premiwn oYfered,
<br /> NOW, THEREFORE, BE�IT REBOLVED by the Council of the City of Redwood Oity
<br /> ae followe, to wit:
<br /> � 1. - 3aid bid of HannaYord & Talbot Yor $200,000 par vlaue of eaid Series
<br /> A bonds ehall be and ie hereby accepted and the Treasurer of the City of
<br /> Redwood City is hereby authorized and directed to deliver said bonda to said
<br /> , purchaser thereoY upon payment to said Treasurer of the purchase price, to wit:
<br /> Said par value thereoY and a premium oY $98.00/100, togetner with accrued .
<br /> interest at the following rate(s):
<br /> BOND NUadBERB INTEREST RATE
<br /> inclusive Per Ann�mm �
<br /> 1 to 15 5
<br /> 16 to 200 1 �
<br /> Said bonde shall bear interest at the said rate(e) hereinabove eet forth, pay-
<br /> • able semi-annually on June lst and December let.
<br /> 2, - That all bide exoept the bid of Hannaford & Talbot are hereby re-
<br /> jected and tne City Clerk is hereby ordered and directed to return to the un-
<br /> euccessful biddere their eeveral checks accompanying their respective bids,
<br /> 3. - The City Clerk is directed to cauee to be lithographed, printed or
<br /> engraved a eufficient number of blank bonde and coupons.of suitable qualitq,
<br /> said bonda and coupone to ehow on their face that the same bear intereet at -
<br /> the rate(e) aforesaid,
<br /> RE90LVED, further, that this resolution shall take effect from and after
<br /> ite paseage and approval,
<br /> ' PA88ED AND ADOPTED, thie 20tn day of March, 1946, by the following vote:. -
<br /> ,'vy AYE9, Councilmen: C, C. Armstrong, F. D. Granger and YP. YP, Hilton,
<br /> NOEB: Counoilmen: E. A. Fletcher and G. W. McNultp, '
<br /> ABSENT; Councilmen: Andereon, and C. A, britachgi. .
<br /> W. W. HILTON
<br /> Mayor of the City of Redwood City,
<br /> California.
<br /> ATTEST: .
<br /> • RALPH S. DODGE City Clerk
<br /> Presented to and approved by me this 20tYi daq of
<br /> March, 1946,
<br /> W. IR. HILTON
<br /> ' , Mapor of the City of Redwood City
<br /> California
<br /> The Hank of America's sealed oid was handed back to Mr. Bartlett, who expressed
<br /> disappointment that the bid had not been accepted but thanked the Council for
<br /> its coneideration, Mr, Gardner also thanked the Council for its action,
<br /> , Mr. Frank Ingersoll of the firm of girkbrlde and PJileon appeared before the Councll
<br /> in regard to proceedinge of Redwood Terrace No, I, Oity Manager Blom advieed
<br /> that he had studied the documents and that they were in order, Clty Attorneq
<br /> McCarthy advised that he had checked the papera and that legally they were in
<br /> order. The first resolution was resolution approving final map of Redwood
<br /> Terrace No. I and directing the execution of agreement to conetruct proposed
<br /> . � .
<br /> \
<br />
|