HomeMy WebLinkAboutResolution 4458 N.C.S. 02/21/1966 f+ —,
lNTPOOUCED BY COUNChLMAN SECONDED ;BY COU.NCILMAiN
RESOLUTION NO . 4458 N.C.E. •
RESOLUTION AUTHORIZING SALE OF BONDS;, ASSESSMENT
DISTRICT NO 97 N•. S. , CITY OF PETALUMA', SONOMA
— COUNTY'; CALIFORNIA ._
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._JWHEREAS , the Cf: y of Pgtaauma ,Sonoma County , C•alifyma ,
has advertised for bids for the�sale of li'onds to he issued in/Assess -
ment District No.. 9 N. S . , City of Petaluma, Sonoma County , /California ;
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WHEREAS , J . B . HANAUER 8 '.CO: has offered to pur/hase all of
the bonds to be issued im said assessment district proceedings at the
following price , to tit : 98 . 15% of par , and at the f/ollowing !linterest
rate , to wit : Bonds maturing 1967 through 197'7 , incjl . , 4 - 1/4 % , and
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Bonds maturing 1978; through 19;:86 , incl . , 4 -1/2% ; find
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WHEREAS , the erect amount of said hondiissue will not be
known until a list of' unpaid assessments has hen filed with the City
Clerk , nevertheless .J . B- HANAUER 8 CO . has ot:fered to purchase all of
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the bonds to he issued:, in" a sum not. to exceed $786 ,842 . 93 .
NOW , THEREFORE, BE IT RESOLVED/y the City Council of the
City of Petaluma , Sonoma County , Catifothda , that if , as and when any
bonds are issued in A?'sessment' District No ; 9 'N . S . , City of Petaluma ,
S'onoma' County , California , ] all bonds / o issued and to represent un-
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paid assessments be sold J . B . HANAUER 8 CO . , at the price named
in the bid of said J.. B . f1ANAU,ER ,B CO,.. , which bid is on file herein ,
plus accrued interest f.romlthe (ate thereof' until .date of delivery ;
and `
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BE IT FURTHER `RESOLVED that if, as and when any bonds are
issued , they shall be• date lie 2nd day of Aprl , 1966 , and shall bear
interest from said date;' , id
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BE IT FURTHER .ESOLVED that if as and when any bonds are
issued , they shall be • -ss.ued under the provisions of The Improvement
Bond Act of 1915, an under the "terms and conditions outlined in the
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Resolution Of Inte iOn, a) amended., on file -in these proceedings .
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L HEREBY CERT,IFYI that the foregoing Resolution waS duly
an-d, regularly adopted by the City Council of the C'i'ty of Petaluma,
Sonoma County, Califothia , jat a regular meeting thereof , held on
the 21st day of February, 1966„ by the following vote , to wit :
AYES : Councilmen. CAVANAGH, J R. , COLIN„ CANS , LIPMAN, AND MAYOR PUTNAI
NOES : Councilmen NONE. /
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ABSENT : Councilman BRAINERD.
ABSTAIN: COUNCILMAN. JOERGER. /
!_% TY-tO ST ' !City Clerk
City of Petaluma, Sonoma
/ I County , Cali-fornia . (SEAL)
Mayor
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