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e ~. <br /> RESOLUTION NO. 2936 <br /> AWARDING SALE OF BONDS <br /> BAYSHORE INDUSTRIAL PARK NO. 1 <br /> RESOLVED, by the Council of Redwood City, as follows: <br /> 1. That pursuant to Resolution of Intention No. 2882, <br /> adopted by said Council on October 5, 1959, and pursuant to <br /> Resolution No. 2922 adopted by said Council on December 7, 1959, <br /> ordering sale of bonds, a notice of sale of improvement bonds was <br /> duly given. <br /> 2. That Monday, December 21, 1959, at the Supervisors <br /> Chambers, Hall of Justice and Records, Redwood City, California, <br /> at the hour of 8 :00 P.M., was the time and place fixed for opening <br /> bids for the sale of said bonds. <br /> 3. That bids for the sale of said improvement bonds have <br /> been received and duly opened and declared by the Council. <br /> 4. That all written bids received for the sale of said <br /> bonds except the bid next herein stated have and they hereby are <br /> rejected, and that said bonds be and they hereby are ordered sold <br /> to <br /> CLIFFORD V. HORN <br /> as the highest responsible bidder therefor, with interest to the <br /> date of delivery of said bonds; said sale to be subject to all the <br /> terms and conditions set forth in said resolution calling for bids <br /> and in said accepted bid. <br /> 5. That the interest rate of said bonds is hereby fixed <br /> at 6 per cent per annum, said rate being as set forth in the <br /> successful bidder's proposal. <br /> 6. That the City Clerk is hereby directed to have said <br /> bonds printed forthwith, and said bonds shall be signed, sealed <br /> -1- <br />