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Resolution 6210 N.C.S 02/05/1973
, - -•• •• •-- ... .. ,.. ..,-,. ,-.-----:. - ...--,.---_----..-.2-,.•..-•-•,•,-.-•......-..--;._,,,.,„•••,.. • ,,.. . _.. -..•,, .....„. ., „ - .• _, ., . .,,. . ,ti. it Cwt. ..I • ) . ' .. - ,:: , 4, > .. f , IN-,.'.;, ®_ � :�. ,B� 1.�iJJ'1��.� 1:�1•' ... - 6'ND - f , • e - - :.. ,,tom - �E_ a < �y� _ _ yy� �3'♦(`'t r14 J .qty. • . .T {.q �. .;� ) �• f, ,qr� Ttiy ,..-. ,.:.. '• Yp �' i1 > ir�wos. •.•-'l��' �� � -4 ~r� � ' sagy: $� s " • �, ,.„ .. .,_ ',..'''*•••••,.--..--.'.,:.-.•...'',.-'-....,•-• .-.',.-':',',.,'t.','.'•'• '-',••••'',:„'„1-,-...".:::: -.r-:.._.:'"-.,:' . xo S ITT�'-••-,..-I.' ''. -_'--:. ...'..-..'.'''''.---.-T. '-•.-:-••••'..-...•:..- ?' E S L V 1 old, LV:®'® �.t' _• , E , f. < S.- UTI Y. Ay ± -r eJ S V 4lY '2*.'''''''...:*':''''''.' .. ••••''..: .1 '-'At40b.''',i4..,','I.'''....'•':,';0',,, P,, ..--':-.. -1'..i.'"I'-, 4.. '-'..:0-,*_':•F,'-':-.fl,P't:TAL,u-mA' ••• } .._..... I ® "p zEt 11;3.,I NG • ....:HE ''r T .'. �p��jy �, SA.I D STD; )-AND PRESCRIBING : •r . '- - - I Y'':T 'f`'•.', „ r. - IIA:'6E -. INTEREST,.. f "i ,., ,•:.• ..: .. - ::,'-' a-. „•': ,:.I:. ::...'- 7„, S.. .:,; ., _. t • ;THE :Er ,. .. .... . c. :+ :,..a^ 1=...,..... , •-'�.<. .'a �:7'0::\yst�.:'+'�Y s: 'Ir` , T T' w___. , ..., • . •....• . ,•••••••• .• • .,., . .. . ... .• ,.. . ..• , ..........:,....._,•••.... ••• , .. .:.. � � ... �E s L�N,ATE.D c'o�S To�:��.�:SUii��� S�,..,ID:--:...B oN� . . : PROVIDING -=F A °171t - To: R1V.k.'.'...-.:•71.1'.g 7,P,t�:� �1 SAL o ' . , : - a ... -v_. ., .�ley , '".•. ):'-' : ND.:.'IN V7.. e , �,r, ..-.. ���.- �i� �ii�; BoN-:�� ..- �/p•,\� }/per , •..mot, ...,. - ,-.,. V- .:. :� � .. -i , .. t _ , -....';': '-' •'' • - ' r:-_-..-8H8Hdiibi.2.0rt:':..i.t.iit'.',-PHRbu:c'''.E...:g.'',D..,....,s;,•;...,.‘0. _F--';',.s,,,,.A.. -LE. ... ;:.Q.F.,...-..T.-H.E. !--.,. ...B.;P...:,,N.DS.....lo.... ,....- • .-.• ::'''''''.:; ''•.*-:- ':l'......1:•.;.::-.''. :.'''::"' :::';'::'-: „ ' r ;r r , 1 +HE i AS on.. A i5i- �.l......6,i,. ',I:97.0-i' -..,t:'4.e.' ":c.,',. •-•7't.:.y.', 'c.::',..O.ti.O.'' .•••.,4:°:..I...-•,..-. _.(:„t•.-1*._,... ...-,.. , . .. > , , k o: l r: . ux1 �,..._ _ . 't,�1E' c1.�.•.' O� .•pe��..�u�la }""]:e .. �1��` c��0; E'_C� 15 . •... ., ,„• ,• ,. . . • ... ..„. . . .. . . ,. , . .. ,,1 •. •„.. •.:.•••• . , ,, • .• .. • . • y peso �, ::�,on ,. � No'®^ 54,3,E",;�T $s.-'1.1.1.. . • .,• ` ,.. �..� S� ,. p�rov�.c1 Ong f Qr the }l ce .o_.f .• $l+ 6'-00. 000 _-r .nci: ail amount ' , / / fC ��Y P e'�t a�.Win.a 19 7=��:0 . pti . f ®f of, f u icIipa l Imp . .:Bonds,.,,"and „ , '••';.lf-:.. :'• -- :••• '*„ • , _. ...:',, ..',::, ..'.',:'-i . WHEREAS. e:rFe,af ter $a- c ,:.bonds .were` so1.d •-and .d liver ' • :'-'.' ' '-• �.-. _ � ed 'a ,:c1'-' thee, ,,ur�.'� a •., ... ,..• . :. . .. •—: .: _. , ..; • .•• -r�.� � s e �r.�'� hie r•p - _ r _ , p e �e ,q,,.,:-- ,. . . .. ._. , . :.'.:.:.: '..'.: ..''ll, ' •• , t, . y 0 principal 1 .�go r�a t .o+f': sa4� '�bo +d>s arse no{w ousn ',1 n' . , and' p • • rt i f ti ' u WHE' A.S 8•._ • ., zinc � a,l mount .o f s�a. .• 5�5 °40'0 � p �' - y ` a u .in...,. o• ., . . ,. . n,. or a.f�e'r. .�ur�e 1 '1- 8 he. - ®bor1.dn w' t.O• .e' r f:4nd� cl :::::-..•..'-,:. I are s. - ; Q ,,- ti�e� the l�y on ar1�T a ,p at p��®n ®f .in ;e r' , � �; or .x •. ;III yr, { , II : . • ..',• •'•. ; ...• •.-.'• ”_ 1"- . .. •_• • ..,".•.:..I, ••' . : ''•. •''.i•..''.-- ., '.: • ('''' i f•. ••.'••. .. '-, . r. -.. :'.:•-:,..Y._. .'.'.;„-;:..•::...,•:.,'.) • �`�. �� , y .•': --;-•'..'.•.:': ' :::;:„.,'...'11.:..'.• '.'.,•,'• :,:. ' :-.---,:.• .*. -.•.'..•'•.:'..:H:•••. .,:'''i-: •1,•..,-:-..: ' ._-,•.,... . •.. '.--;••, : .••,: --••',''''''' '•.- -•"- ', .,•," -. •,.,__....._,,, • • • x < •'E' the'.-Coull`i�' '. ha;:: • �e to 1.1'1 e .at t e 4 . • rudent m anage e-n r of,:. the, fiscal affairs., o f the City requires tha , , ,., . • .. : .. t issue refunding bonds (the. 'bo•n ,s!g,:) . :und:er the... • • .rev �.0n .. f . he ;La e�e.�.:na f ter e.f•�n-ed � �thout• � b :� t ting t e uestio n ,.o.fx. the issuance'. of the- bonds. to :a vote of' the ua . f ed; Voters o:f • paying i., the' i,nter:es t o:n' the bonds:.' until l.''June, 1, 19 8 0 . rin al :o f .a:11d redemption �;r•en u n•. 'on the .. cep bonds e re - :o5n u'ne l: No• T:H `REF°. BE I RESOLVE By THE OF. . r1 THE Ci :T :• OF'. :PETAL,a A as o'l lows U f , Sect: o 1® • " 'iecitals-',• a. �. are ::true_ and correct and t=he, Counc ,., fns��, and �Idetermlnes© � • .- •, .. . r' '. , „s,- the context.:other ise. req uir'es the (b) Unless 0 ' n f or, ,a:11 'purposes , terms .defined. gin.'this S�e�t�,o :�b)� .sha�llT� � .. ;p• , of th s re solut ion Pave the ream s Ye `e spec: f. ed ands : Th-e term bonds Petaluma . 1973 ' Refunding Bonds • : Bonds to be refunded - = rte f�unde • . • The term:�:,x •bond s to be .$855, 000 �� all jean • • , f ,r it o f Petaluma 9 7`0: Mun :c ipa•l Improve7. c 1 _en:t Bon:d:s sub ec't to rede -'__tion-:o zany. inter.. st payment: • O a d -bear,in- . . 'a-t e �' o •:•after •' n�� - c1 , -•. , �'urie 1 �.98 4 and• our i� n g } 1t re a ¢set P :forth' in :then f o l low ng. schedule • • • : , • fr .r- •r , - _ a 'I -a a ,e .. - - f.. 111 nP t ' r r i C �°�nc� '1 - Nqa .. : �,n 1 { • (June. Rate:. O ';•....' $; 2 0 0,00 - , 1.9181•. :' 7 0 1. 2.0 .000 25, 000 _ 1.9.8.3 t : 7..•, 2.5 -000 . ,•''''. ' ';" ... . . ' ''' . ' .. - � 194' -. • .. • 7 ' • -•- • 3 000 •19.85,...1.:--. .....,..„_•,...., .7, .' ' ' . . • • - 3 000, 1`98:6. 7 . .,. . ,.• : ::''. ' .� a 1 7 ..,/..:..: - • . .. . . . • e , . , , 0.0 1988 7 . 3:5®,040` . _ . • 1:98-9 , • .7 , � 0 000 1.'990. 7 , 4, ®,x000 ' 1991 7• 4500.0:0; 1992 . 7` 45, 000` 1"9 9ti3 7 '•: 50 000: 19.94 7 , - .• : . .., . ; , , r . ;6','-b-,„ 0 OI 0' 1.99,96 :7_ . , _ ''''''''''''' '' '1 • * .. - .'.' . ' ..' . ' ... ... ,,60, 000 6 5, 0.0 1.9 9... 7' 7:•'04::'0'00. 1.9.9.9 •7 • •J . . 7. 2' -. :. . . - "- - .- • - ' - . , , . , •,. ,. . , .: , : „ ., , - .. .1. , • ., . ,,.._... .... . :,...::i:•...,:., .,...;;''., ..,'.:::.,.'-.........,.'',,..•••:*.:.,......,.':.."-,,...‘,.,.'....'Y . . ' . . , , ,.: ,,.. . •.. .. ,.. . ..,,.., :,........ ,, ., „.. ._ ,. . ,., , . , ,.. , . ,.. , , , . . , . „ . ..-..,..... "...',....:'......•,...,;. ...... c v - 1 v Thet er g '. .s a 1 1 �'n t hae i of Petaluma I - , 'Clerk. , '.. t. g' 1 } a ;lYl. a l'1 ' e '' l'' ' :: ;:l:'' .; T ,. e , ,cle�° 11 � Cat •, h :r • Council • rm o i s,• a•l1. mean the Counc. .l o.f the' -_, - . '...'. ...,-1 :-.. .. _. i. ... ,''.. ... ':,-, .: ,•-..'......:- :.' . . . , . .. : , ,, e,� to .c un� 1 h.'4::''.-,..,.-......:':..-, ;..:-.:.r..,....-.-......-:.".-.'.' ''--... . .:-..-' , . ., , • • , • . , . •.: , . . . , . 0 . • •f •f• ' • • • ' .... f•- . • •• . •f .•.,•••.. 'f., • •- • • IY • '• • ,. . • . . . , .. . r , . , • r. . .•.• . ,,,,,,...•...Ies . . nat,ed Cosrits' of ssun the .rd! o• -.. . _. , :"'''''. .:'' '‘ '''' :1'. '. . ' 11. ' " .' . :::' Tp , The ` teri esr�' natd. .costs : ofF su .44.,:g',.. the bonds : , sha. 1 - a' al•;l,•. .. ,x ' enses .in;c, d o ...he al:- e�tir. n i e h, er t t c �.._ g r, _r ff , ' : -an=d a ,in. • of the -bo•nd. to., be refu'nd.ed„:ant to, •the issuance • of ti,e .bon s in:clud;:i.,r�. Jthe `-0ar es o.f ' e1•s, T,a:r e an , - .a i o n a l , -A s s oc- '•a �_on : .n �connecton �� � h h, e issuance.1.o -•'''''• '.•.* , bos I''':: h di tk e nd • :nd in c•onn,ec tio'n. it 'the r.edem t on o f te bons r it • ,t o�-b,e r ef u d d .•a-nr. sum, n-e..00,.,-.7„s • to• a: interest o. the T. '''''''''''- ' ''' ''' '-: '''•:'1' , - bonds.' .pr .:o-r-.-'.�to - ,=t'-e. re-f i r I � • • ti f • . e, 'bond to� �be r�fun: ed.® , . ,_ V ! V c ur 34,. �e s M1 s .. The.• te.rm "9f e'd� c� ,!�' a_ e 1 �s e c u��.t•:�ens ��a 11 m� n� those,. , , - se : . c, rat. , ., „de' . rl n a � rs� 13�60�,• a�d�• 6 the e ••s, e O f �a l 1`f..r%11. : , ,, - •: • . .. 5 z _• • r, _ d •' b , r j ei , r , • "::::-'••••••t• , •-• -;•, -. ,.. _- r ,.,They .-' ... - - F : to r:m Law shall• mean Article •9` of Chapter 3•r =•• Div. s on 2 Ti,t'le 5 Of o . _ je �ernme�nt �co e' .of:• the• • State o ea : ,. : �1 - ti•o n -5 3 550 0 • � �f o:rri�l a. erne nc i n w i-'th:' s e c • :Mayor -- . a T h.e term a•,y Qr s ha l ll mean .the Ma-: Y: yo r• of the c t -®•. ft� • . e ndln date . I• The term re fndng dale hall mean June 1: 1.98 : zc is:- and which' s .:hereb : descrbd,..as ,' • r Y. th,e ,date o which it• i antic ated that the caa : and. red_ h ernption necessary. • • r r e e`c.t. the . r e f Lln r�; r reSol•u .ion= shal`1 �ov�.�d.ed f oar �n t�h�:�. - . _ . •o '.. ). an: ltr date Bch • • .• .. • .•'' o*n w• 11 h bond . ta► be refunded ••...•, . . .• • . . . • n. •• . F a gall a - - • - •F efu ,d�nesoluto • • • e .ter o r•' r • 1 roves.d o • - e• 4:- t. ,�. for :the, .�ssua�.ce •�f t : . bond's® • Tre`asur'er, • •• 1 • :The term �Treas r: . •• .rr • _• :.u er; s a mean the r ea s�ur• er -.the. -•r. The Counc 1 has ' *, •• ": l proceedings -• • ereto:,r o•re taken ;'re'lat�ve to the authorization 'of 'the' . bonds , .esulof and h v '• at:.al • • required. . Y law to l.e s ha en and be of ored precedent to and in hey. s ..ance f • n t he bo ds hate t .�.� r o t .r . _ - .. . . • existed, happened.• ■ and hee::n: pe=rfo.rmedn •due tie -form and :mann,er• as• re u -ed•k and the , •c.i-tr 1,s. .no • authorizye: urs an r.•• • ,every re.. .uirement of law ;. •• , - ,. �:�.� ao �.s sup -the ..,fond s n -th`e r�ane� �: and o m a In - hi.s re s.olut :ori. rov, ded ec •.�cr'' 2 ® :For the b.... r purpose V� .•to- re ix nd and. ;a the b o�ndys�. to be re f un:clad • the o►nd's� s 1 , • • be sold- .• in - aceor an�ce w�.t aw at not• • less .than. :their pr' value and acc ued. -nteres.t, .,. • o •The bonds shall.. be� 8 55 0:0 0 t • IT •• ..• . . ..r . . •.. . •, • . • ,r .. • - •••• . • • , ,• . 1 wn as 'Cit� of a,te p:.r ncp . al amount acid shall be krio y • . . . . • • : • ►, is hall be negotable 'Pe,tapuma 1973 Re un e r rm an:d. o.f the cha�a�ter kn: a,��:: ser�a1 shall 'be• l71 • I o is n. mbered consecrut vel •froY 1 to: 171 in. order • ��.n number,. ,,u , l.t and :'sha 1` e o.f the de. - - Y®. c�minatio�n �of 5 00• , each® dated 197 3 „ hb `s 1 Ap •• . •h:eeby � ed and deterrnirled to be the• date- o'f;• •the s suanc•e" •• , of the-.b ds , rAll bonds. inters st f r o � t : ate unt l aid a,t the rate or-" a:te, desi nated b n � a at ts.me of the sale] �of tYe fonds • but :not ;the. count�'1 t the • ' ♦ � rto exoee, : s v,en ' er cent' (7 0} er annum, a able semi® ''by by cou: •.o . -• • • ttC�Ci.he:C�• t0... E'aCi, o•n a.:n• ' ea'C ,' '.o S;;a•1 cod onS 'S . � ', 're resent > s 'x mon hs'° interest on: the. •bonds to -which it. s at ached r Sa•�d �.nte�est. coup�ons. .shal`1 be payable .ion:� A r 1 15 and 1 October 15 :in :each ears unto . and at the- re:s 'ective dates• ..mat.0 the bonds'® The" bonds ha 11 a>true and be ° c ° a able �n consecut .ve numer cal • or'•,h Y : • _, e••• as fob l,ows .. • ••: _• . Printip:al •:•• - •a-turit Date •• • • •. :•Amo n t (Apr 1 1• 35 0,00 1,9 1 .1982 • •i• - 40 000 ••. • 1983 19$4.• 45, 00® 1.985 198:6 •19879 • • 55 000 '•' • ( 1989 199Q • , - 6®,:®00 • 1991 - ,1992,• •• • 651 `00;0 1993 • Q' - • 7.0 0'Q` , 1994 75 000 • . . .995: ••1996• _ , a ;° 'i` .a _ Both: the 1?:r• .nc j.`pa 1 o f anclr mere st _on t .e; bond's sham. be a able n lawful money o f, the United: States: •o f N 1 America at the ea#d :�f:f .ce o f .1401 Is Far::. o•• Bank � t: ona • rr • As sozc iatiionj the Pa: in'_. . Agent�ent of the' Cat �.n'" San Francisco. , .•• • 111 '• ". •, , , Ca1ifo r� a The Cit here covenant ant agrees for the i'} h of = •• that s o _ di,:rect bene,f ;t of, t ey• holders o, all •the :bo�r�ds tom'. • lon. as any bonds shay . be outstanding a Pain A entin San Francisco, Calif orria:® r , F: . F j` •• r" - 41I ' • • �• is _ , _ 1 _ C i• 'r• •r o: onds. •ar at r n.: b their terms ono '. ef�ore: rail •-••••,' . _ 5 19 3 shat , not„ be sub ect tc redemption n p;r or to..,their• 1' Bon s: mater nig by•• •the r respective state ma urn des . 1 terms to r d� �'t on • .• , • e ., a •:., ri.o to-their..then r respective stated maturities, at the- option • th c Y o a �nters t p a en t date on ,'o •after April " : , .• . . _ , E 3:' a's=--a••who l,e , or �ra.r:� 'a:rt; �n :Inverse; � • • _ upon •p: et ,-o f, the pr 4.nc 1pa l ao u t . t: e° e o f and interest ' , e a ,., t reon:. to the elate o:f redem, .t 'on to, ether with• accrued, he 'h . , I - o • " 4, ar er o f .-on'e e cent •1r 4 f l%'• a pram .urn ec�uarl t.o one �u t _ • a r aou :t for. each whole ea: and, an; raco . ' of. su.ch. r.�nc.�pal .r _ n • • ' .r � r Y • .•- t ' .n :..between the .'da.te of re .e t :on a :°d the• o'f aar °ema n_• • , 'tated, zatrs� y date thereo ,, :r �f end's :�r:e� :ava�.l•aba e� ,fore ah�e �r edam t�.on• `� eneve �� , - p- : n an o" :o nd.s s ub]e ec t to �r e d e P t io c: .t y • . - . . : shall the •r ed e emed, . • • a n d the' .date Notice any . , r m'.tion s all b;e • rede �" pu ty - b>l�:shed- .bY the: c��. nc:e :a week for :ak-s: n a news- �a. ,er o f'`general c rculat on: •two c e s•s we weed p p ,• 'a•nd 1.,:n. the ''*c i tY •• e r e r 0-1.'P':•09 a,te caul z.f o,rn i,a The n:o tc e o�, redemption t "• 'shal•1 .set 'forth :the boxy • � m er:s a�r�d: pr�ric�pal:;aount of • the :bond: so •,to bo.� re�.eer�ecl" and the -:amount-.'.o� � the •premium z. " payable hereon redemption ' similar noti ces • the- sare � e b� V • re - LL•abze ea1 0._• i rag . tared owners" ..of any •.bonds called :for , ede pti their der sse ap•p earn_,. :on the registration .:book at the'•• . Pa '�.r° .A ant ,of the c, :t rsovaded. tat such:•of:f.�ce. :o the g . r, { • • s . i n r r . • •. • • may '. all no.t be :.a: cond. .t. on re:cedent to uch redemption • - • and f a i . re oa�.a:- o . = _.r•� receive any� such +not�:c�e� •shall not- . ' af,fec-t the val d•it of the rocee �..in gs for the redemption • of s• • bonds•• • The f=ir:st publication o f;' such notice ••of• • - • •less thn `°3 0 days nor more. than .n b • • • 60' clay's prior to' the, ..•date. fixed'.•,for • such redemption, After • th 1f • the C1t shall e .date: f�.�ec1 •or •su:ch.:red,empt.�on� . Y have duly. published. not ice l of: ' such redemption. and sha:l l - . have prov de funds- available.•for payr'e :t ••of the principal • premium. and accrued i. -teres•t o.n the bonds: so: called • me e,-t o'n :.s'uch:. bonds shall. .cea`se:® All bonds and,' cou. :ons surren e . d .'.on call... frr•:. redem-.t on. s al . be: canee e b:y t`he Ci and shall not be reissued sec ion:. 3 The bonds. :and the cou ons attached • - th. Seto and the rye•. i strat on ':er do.rsemen�t•. to appear thereon , • e •••• p• shall each :be: substantially in the of to ing ;form, the • . .• •Man 's} in, said forms to be filled with. a ro riate words.: • ,„ . . or figures.® namely • . • • • /' • • • ' '' • r t r , f • r ` N = r r r , : k {I • • „ _ I STATE OF CALIFORNIA In S O LV Ol°l C o V'lit O �'P TALU • 19 7 3 UND NG . OND •No.,. - $5 ,00'0 . • . :o P" �ALU1 a znu ��c�. alp corporation -. ' the-� I,T r „ u-rider.,.:._.•he C.onstit-tu::ton and laws r- , r f1 d•o f. tile. 'S-tat• ' r - • e-re ylj: " o �_Ca1�. � n�.a=, � a� •nova e: c�e�s itself• ndebt- a d for value re-ce . ed. rom `ses to a to' the•• e n bea -er :,or'.i th s bond' be re� s:terec to the re ,ster:e.d • - ' � owns hereof Q�nr t he:' 15th day o f. A r ,jl sub ec t - . •• • • ' 2 to arl -�.rl. ,ht :of�' �;or re�de�pt�o.n h�ex`e�naf�te�r •�ri� this s bond, yr . r , s. e r'e reseed. the rind.. al earn` of:•,., p p p. p ;• F DoT •A 5 0 0 • < FIVE THOt7SAN.D S` ( 0 )'• . , e he .:� r t. thereon f turn the date - hereof:-until • dog t �t ante e . a• rinc a1 sum 1l at the rate of ymen,t oaf s.a-�.d p p - �n f�u . . • • •-• ..• •;•-: r' r i P \I r �e n :•• t' • r, , t a. .1 r. l. 15: and oc�t .beer l 5 o'f. •,each e,ar-® , �E'It1.l-a nr1L1 r®xl L . ' r :. .. 1, 0 , tlnaye s. th�.s bond ..be••.'re . `stered' su.cY�-•interest. o or Rio•• •_ tion. and onlY�` on. pre.sena�a . r. ' o:n hereto- :.a.tt�ached •. .1_ . . • surrender; of �.-the :.:proper...:: �.n.�e e st coup:_ � .. ::: � .s •- tivel :become due Both the r nc i as of they re pec y , e and n"-teres:t..on this' bond are , .:a "ble n•-...lawfu,l money.. of • r, i l s •• :_ the• United S-tates� �o�f �er,�ca .a��-t the •Hea.c1.- �®f�: �ce� o�f • • .. .:.. a • onal 'As�s�oc,iat'ion ,.,in .•San• Frr .nc+ sco Ca'l�.f orn ,a 'F r N at�. •..• •-• -• • •• • g® _., an , • • . o: ;d matu'r. n b their ,;:e ms: o •o before A ,t l• • .r . p • . 15 1 3 r.a e not sub ect• t o r M _ J o r e emp o�n �. r res, ectiv,e ::.sta`ted ":m.atu.rit: • , . . • • • - " -41 • *. • • Thy s • '•bond.: t ' • , bonds of. the. Cat a re at_:in E ht u ,died..Fifty. amount all of `l: ke - r at : n •.� f- n a: a r•be re u r • W... � to:nor. :�e�cept for such era o a _ s ed - Y Y to,• desk.; Hate vary 1.n, .•numbers,- atur. ties interest •rates , Y � or r,edem tien.• ro .s. ens. an,d i•s i•s sued _ under' and ur;suant • • to the Constitution • and-' statute's o.f:. the- State of California, _ an•- • un r :•a a -t o. roceed'i s of h:e . .t du1: •d de nd purse n t �t C ado ted a•nd -ak. .nc led. n a reso.•p opted.. by the � t en 1 u:t�.on a d, t • o : on =ear. 5 7 h' C un:c a.1 o f the C ty e�br 3 t e� _ •-a res - l.u.tion :.The roe eds o_f e . o, . . �. e -t bond. acre .to be� applied to • , •redemption,. •of City o f Pet • alu a• 1'970- Improvement. •Worlds bonds be -refunded the, ref rid ?e n- resolution avid as us:ed. .herein : the terns re'f and n, date - • i means June 1; •• 19�.0 or an • ,,,Id ter date on which• -th>e -bo:n:ds• -t • o . ' fndd. ar • c-alled and •erd: me di , ._refund. n date.ee this• bond • together other •bonds of this issue ec -al arid' tith e=. hereon s a • • „ no able •fro the. nteres•t earned on certain• ,••federal. •securities . • ,escrow.. go an a j®n .n '.- s,soc�a on: _. on• the- :refundin.. date this bond •to •ether' •• - .•• with• &11 other bonds .of= - th�:s is s.ue w: 1.1. become• a ener;al• ob 1,�. : anon of . _ • • • � . __ , _. - _ the C -,•ty and' the-• f ul�� f a�l t:h� a�nc�. c�re�d:l� 'o•.f�� thee-• • •Cat a,re led: e'd.<. as of anal a:ft.er p the refund;i,n.< :date for. ..the y P unctual ;a anent of• t_he.:principal •of an;d ,'interest on' is • • - - bon_ d® Prols h has been r ad:e as' re used b the.,:' . o' -onS 't ,on and statutes .,o f •the.. state of Ca.l i forma, fo.r., the co.l • , • lect :on, •,•afte:r, the refund.in . date of an: annual: tax -`stiff•• I c:lent to .rJ 'pay •vth�e ` r:�.nc.�.p�al .o f• and interest on this. bond a:s•' the same. , e�:c oe due® 1 • T I is -,bond ma be re : stared: n..:the name. of , he • ., •;.holder hereof in".•,con f ormit with• the:, p rovi sins endorsed hereon ••and unless` so re .stered sv l , ha.l1� be transferable ,by • . delivery - a J+. Lt :,�s ere certsf ed.: recited-' and .declared. • that all• act s con ���t.�on s and �thing s required by Law to ex,�.st • ha en and• be, performed ' 're cedent; to. and in t' e issuance Pp p . •.• o thh s`• bond, have existed, ha.. ::ened;:and been erfo_rmed. •in•due time orris' aid:, manner .;as re red .. lam and •that 'the•- t unt of •th s bond to. ether th :all other i de- tedn•es b s. , of.-the cit - does` note ceed -any limit, rescribed• b th Constitution or- statutes of:•• saidl. State { • • , , I the C t etauma...ha •WN E 4 . caused thy.s bond to. be; executed. under its o°f f is .a=1 sea l• 0 0 s . ned b t;s . a -or anal i:t.s Tr a su er and r t � Y : ° • y- , b. °its -Cat Clerk and :,has c:au;sed -the e .'nterest .cou<-..�ons • • at ach•• . ed . hereto•-to -fie{-'s� red.•�b l t s .Tr-ear.`•- r. � , bond . to be dated Apt' 15 1973:® •, , _ - - _ " ayor O- e' 1- o� 'et�:..,t�YYI�.• 1. •,• •• , v �rea�s�rer o f �t C ty o P e t a una r < r.- I - 4ounte'rs, :gned'o• C � . . -� - �•tY' =�: �er; �o f-,,:_the:�C t o f et•aa a : - • ; • , - 1• r k : , �9 , •. • ' - . ,. - .41,, :. ' : .. H , : . ' ' ... . - . � ' .. • Ili : . .• ` [FOR1, OF' C� IJ.PON•] • • s . . ' �; Coupon No® . E • • T110..-•CITY. OF PETALU A on the• first day of • ` Will : unless .th e . .with,i n®mentione d .l bond bye re is, • . tare ®, and •sub'°ect to• .a y_ r �•ht. o ���o re e mp tion reserved thereiin pay ' to the. bea• er at. the •Head. -Of f is •:of•. Wells s: Fargo ; ap. at-ional-' As`soc.i.a • ' ti on i n San -Fran;cis.coy, California, ,,the sum s:e,t:- • • the r forth hereon-'.inn :�1a�ful ��no.ney, . ot° t �re United • S� ate�s . of America being i:nteres - then' due •on lets. 1970::. Municipal. Improvement Bon 1,-: dated A.._..r l ;15' { 1973.. p � rho® - ,. • .• _ . , _- __ a °- , Treasurer •o : th City. of Petaluma - bORS,EM_E T].... , • ,This bond may ber �reg_i stared in the - arme •o f- the. . owner • on books .`k�e� .t b�,. .the.. San Francisco• •Pa in Agent as . . y rterest such ::re' to , i__nci ,al Nand'• i � Ong noted • ° • p. p: . ® ., ,g is-t r a t�:on b e. liehereon .by said -:Pa;:. In ..,. A_-_. enrt in t-he registration• blank r.-.6011 -be'after- which no -transfer shall bye al is unless ess Made on: .saa� ner• or attorne.�.. du'l- 0o s. by the. reg .ster,ed ova Y y ° it .. • author z.�ed-.:.and ;-similarly noted•• in. the. registration b,lank•below t the re uesa,-'•of: the re -i. tared owner . - this -bond ` , may:. reconverted .intro a co-upo bond at:•-the expense. of the ••owner and . such cou •any bond"may a. a. - p Y g . .. both , '`^-6 � (/+�' rye Q/���+ �.' .w e V/®nvei� �V' �.n �O bond' •re.,��.� st.ered as.. to ,both principal and interest' as herein U: on rec,onv .r ion• of ogre prov?-�. .e :® . • �.p _ =., - e :s:. o this �'on, :� reg��ste�red o•a ° ° into a coupon bond, coupons representing •the interest to. accrue hereon to date o;f maturity shall •be at ached hereto • by said :Paying'. Agent r rand said Payi g Agent,;. shall' note in the registration blank el,ow that 'the bond is ' ° payable to bearer, ' .:it NOTE There•,must be no writing, i.n the, space below' except ••by •the .sa ,F.r:ar c is sco Paying Agent - r , SIGNATURE OF : . DATE OF .N`AME• OF'` ' ADDRE S:S.'OF." • SA ' N FIRANCI SCO E REGISTRY 1R -ISTERED OWNER REGISTERED OWE . R. PAYING AGET` . „ r 4. r i 6 • .r .I V . r 1: `I • r r- 'I„, . • ••• . . ."." ,• u Secrt�on •4, The Mayor and. the Treasurer •are , ' '..+ i•M1 - • rue hereb authorized and d reacted res -ecti.vel as ail.c.11 officers, • each: of the bond • to s execute -a; •oi .behalf: o f � the.�.C• -ty wand. the , ,r eI: - . o Clerk or one or more o;f he'r de uties s hereby authorized and directed t•o counts e • • r ��.on :a� a � o a ��x • r s��.gn- each o e r the- off i.c a useal�•o -the : thereto such s:eal 41,1 ; _: be • r rated en,, raved :'�.tho ra ed or Rothe,:rwise- laoed b p ® _ h p Y : c s :m ;le' thereon The-'r. ayor and T�rea surer: are hereb: each - fa respect vely•.Q, autho 1.z ed too cause the-bond s- to be ,signed• b °: .rated l l tho :ra'. ,h-e or''en:graved :f ae s mil signature , a I The Treasurer: �.:s: hereb • • Y au-thor�.z�e.d., �a�nddirec-ted :to-sigh _ • • 'eae h of the ntere:st. cou� ons b- .ruled:;- litho r:a hed or•:p Y • engraved. arc simi ,e $i 4nature Suc .s anrin counter n .n : it ,, '• r i. . . ;,• ,. : - �• and sea,• n a s herein rov .ded shall-be' a s f.f%cent and. •' a .- t ,' .1 1 br�.ri:d�:�. execut�'on :o:f ' the bon sand. coupons Y .t P • . e o and all such: s Hato:rer and •counter s ignature s-, pt ng . ,• g exce . ,e = that Of the Clerk .•or hi s r de-- ti s, ma•:: ::be• r i te:d• l it'ho ra� hed . p - � Y p � g p or engra ed a: In ,case -any of such officers whose' signature • • • . or countersignature �a , ears- on said -bonds or coupons shall '-e.eate to be such .of f ice•r before' the deliver of said bonds• to the purchaser, such s= gnat re :or.; co:un.tersr�ignature shall • , Y ° :e 1 • nevertheless e valid ,and �'suffc° e:n:t .for all purposes • • the: same_ as th®fig:h e had e a .ned in. ,o-f f ce. 'until the del fiver r ofr -the bonds • • e f section 5 The• Cit covenant h l any o _the bonds are' outstanding and unpaid®. keel •♦ Y g . . at ,the of� �:ce:-�'o�f••_ the Pa� ��.n. A .,ent� �:n '•SarnF°rarici-sco® , •• .. rr ♦ .. _ • , ' - - `♦ it • �- .. • • b' i' • . . • 9 • • C:al f on:4.a.; a book.. for -th , re .stato of •the.',_bonds as here. n rov ded and t•uch •Pa-.:. in Ac lent :is :hereby. alipointed• . r the re..::: 4 .strar:, of the City :for ••the ur ot-e of re--:... :stern• • the •-.bond s o U o . e.sentat on Of:, a :.. bond to:• the a �n for •such urpo se • P ..Agent• �:n s•a ':Fr.anc�.sco Ca:- .� orn�a ,; r - • • the holder thereof : the Paying A:. en - o. g h t �=will detach anl: a• in ;safekeeping he. -coupons attached• to uch 'bond' 4p-al.w� a r .re-, ister off• c.:aue to ;be registered a h:e: rreg::.:str° .ton book, • a. j:�n the :name. of: the holder o:r his nominee i. the.:.ownership p-.of such bond as to• both �rc,i al' and r et such e istra • t1..on begin noted o.n the bond:® After: such:•re r str:-a•t on- no transfer: of an such bror d shall be made o said: r. is•tr.a.tion ♦book at, the `re. uest of ',the' .re istered" g -. , • :owner ':orr b his,♦dul :.- 'authorized attorney. :and similarly:.. noted• ,r on the'::bond :r:ov .ded. , :however . that the registered owner of any ,-re ,s'tered °.b.ond ma...... T.-at any time resent such: boncl_:•to the Paying Agent and request conversion :o f such bond to shall re• ' ster a_ coupon bond:,� in ,which •event the Paying' Agent sh g • such bond to" bearer: and shall attach thereto 'co'upons. or • ,: al nmat;urecl interest thereon and as a• condition of any •such converson. ma re' u.i.re such charge:;�:the.refor as may • deem proper® nc t ex 'eeding $5. 0.0 _ • All t ans era.�. "re• i stration �a .�d s , :disc-h t rg.e s from•ti registration. shall, : made under such- reasonable regulations : • as the• Paying.• Agent may rescrib:e . 'and: sh•all otherwise b:e • ` •n.... r. - .. is _ t without ex en.se.. to the hol-cler except that--any -taxes or:'.••• r other, governmental charges re quired o be;. :aid with respect • to: the : same s"hall be paid by the •er s:on requesting. the . . . . . , r . . . „ . . . . . , • , ' . , . , , i , , ' • - :. ' . . . ,.„.. . : - , , . - ii• - , -. ' . r i * . ._. . ... , , , , . , , . , , • ,, „ . . .., transfer, registration or discharge' from. registration as a conditio •n to the exercise of such 'privilege, ' and exce ;t that. h e -' ��the �Pay%ng �l�gen-t�� may require of such -person • such cash. adjustment as may be .necessary wi.t ��.. respect to the firs coupon next to mature upon conversion of a reg-•s- . •_ , so'•that no ga in or -loss of . terse on• ��.nto a coupon bond interest shall 'result'. from such• conversion. :The addresses appearingn the registration book shall : be .deemed: to be for all purposes the addresses of ..• ' the bonds, and the.' person in whose : the, reg�.ste red-•owners of a , • p . name any bond is •'re i-stered shall., be deemed the owner thereof for a11 urposs 'fihereof The Pa: in Agent shall p Y g • pay �. a nterest to the owner •of any regi.•stere d bOnd by Check• . ;ria led to such owner at his address', appearing in ' the re:. is . g t ai on book and sha, pay • to •�t -e owner. or �.s legal assignee•. •. ._ • the principal of an. registered bond upon presentation and - • surrender of such registered bond at maturity. All such .. _ . to satisf�.• and dis- . : payment s: shall be valid and effectual -•satisfy ' • charge, liability for principal and interest upon such bond • to the: extent of the sum or sums so paid. o of section 6 All of the. pr. ceeds o f sale o the bonds together with,' such other moneys as'• jthe City Y may epo s i in accordance:'with this resolution, shall ,be deposited in trust . with- Wells Fargo- Bank,. National Association, San Francisco, C alifornia, as Trustee, in a fund to be designated "City of • Petaluma 1973 Refunding *Bonds Funding Fund (the "Funding Fund") .• - Such {proceeds`-' and investments in trust in. the Funding Fund shall- be In an amount at the time of issuance of. the. bonds- which shall= 1.0e -certified• by a certifi-ed:' pub.. is accountant licensed to practice in the State of California to be suf fi® cien't, and moneys in the Funding Fund shall be invested in ' * Fede:ral.., securities which shall bear interest at s uch rate. 13 �` - J • I • , I . V'I' ` i. a s r or rates and' , h�ch s<haa:l mature at �u, h time:- ar! s „„.a• x 11 en le th C t to: o -„i nt e1-e-s t- o 4 ''bon cis ando to :ho'.r re,f nd: .n datre, -to a= the ° u _ prn-cpal o Y a n. re dem t: on _..remi umns on. the bonds •to -b re-f unded o . :.-t-h e•�. • I , „ , I f and n date: and. to a th l::deg is Hated costs o:f issuance:. the b on t. d s,®� � ��1, s uch 1.nye te4'ts o.f• orn�e a s�.a 11 ��e and: . • .; • • the. : he °eb - c.ovenant�s: tha�.t:.the 'sha1�1 be :s-ub ,ec f: to the • -• .. ,.- -... ..c'°.� •�• �' III 4 � m ta't .o . that ,.th:e C�.,t. w . l snake no e'; o f �tbe proceeds of•... .. ..� . rs:.. - � �.�.. Ili ,. - • the- b,0-401.0. wh i h i.'l - - - e n t r a e 1 rb c caul •a �o:� the��bon s to r e ,an� a r. Iond.. ec '' b ub t -to � ede�r-al . �nco :e tax-at�.on b_ r`ea,$•:on :of - _ l 0 3 d o':'f the I ntse rnal •Revenue. Cod o :9 5 o that end. , s o lon :as an: o f th'e bonds are outs tandi'n the•• C :t w th ,.. is • res e,c't to the, roceeds of the bonds shal'1 ,c'o: :l Frith a a I?. p y • rementst o said. Sec ion 1.03 d and o:f all re ula,t ons • e • • • of .the tln1ted.-- states.,.' De artiest o:f the rews: s ued the.r,e • under -to the extent: ::that such requirements.• ar°e a:t th:e..t me:•a :. a li.ca l and in of ec-t • s - •• e h`e: t :here .. - '.' _ �tha t.� ���t w�. �l• ,a •the:' . . �: • '•� c�.oVen- n s •••-•.; • 4 , designated coots ••of s •s urn the bonds from, funds l a•• ava .l hat ur .o s• e• an d : that w -d e o i t on , • _r 1 he , bords • Funding ••1 r : • : • und, an..mount. ':s'uf fi c” `ent to.. mak.e t4 :. , - h e t o-t a l. .moneys'. deposited in :the Fund n F'urd to eth:e r w .th anynte, :s t or • other gain to :be.' der ved :,frrorn; i vestment.;of' ,s • uc h anon ey s® u f f��c�e�nt 1 to:; .. a is te:rest on -the 'b.ond.s on• a - -. r. he •refund: n -dat:e� I ror o 1f {•: a• d on the� bonds:::l r r to • the refun �.n ' - e�, and to s -•• • • the.. ted. cis so f is s.:uanc.e' of the �bon:ds'® :.• 4 ` I • • • • is • -, - . . . • , • • • . . . . , . • . . . . , • . . The. 'Council hereby covenants, • and by such : covenant ob ,: .gates: $.tsel fs, to exercise on, beh alf of the City on June e 1, 1280,,- the' privilege'.o f. redemption p ... o f the bonds to. be re- funded'.and i# connection therewith to take all. steps ire ui r:ed by Reolu,t .o : •No® ' 54 36 N.C.S. to - insure. that such, privilege • • iP :exPrc sed, toF,,the end that the bonds to be refunded are r fact refunded: on the refunding., date m . e •,.s ��a�r o dank,- -.-1Vationa1 ' As s ociaton® . shall -be e p1oYed to act as trustee of the Fund In: Fund :for the ,city. under an •a ro� .r .ate' trust a re.em . . - and- - � .��?. p. . . g; , n.t, and: the Mayor and .the. Clerk ar•... : ...ere y :au.._•th.o r i ed to:y: enter into such a g r,eeme t. with- such bank `. Any-balance remain in� in the Funding' after the • refunding 'date• shall be deposited in the 'Interest and Redem -t::ion Fund hereinafter established' to be used only for the • purpose..: of • :•�a,�•in:.�. the rinc]. ...a� of and . p Y g p n p 1 nd. nter'est on the bonds _ aP they: ate • , Section . :��n •the refundin: date, any balance of • •money then remaining in the , City of Petaluma: 19:7 0 MuniciPal • • p , nteres t and Redemption .Fund created by m ro�re1en-t• 'Bond I R i esolut on o 5436 ,N C®S:. shall be transferred' to the City Of Petaiurma• 197 3 Refunding Bond Interest and. Redemption Fund, • •which 'fund: is .hereby:'created and established .and which shall be kept.: by the •Treas urer'm _. • . For the:. .purpose of paying ithe principa . of and in- • Ceret. ; e bonds the Council of. the City of* Petaluma shall, s • on th F g general tax levy, the proceeds � at the- time o f n1ak• n the next • of which: will be"-collected 'after the!, refunding date, ,and • nnuali th • • erea tear until the bonds onds are paid or until there • is a sum in the treasury set a p art •for that purpose .suff� • cl,;.ent: to •meet all payments of. pr nc:ipal and interest on the• • ry •1..5 - • • .; bonds as they become' due 'levy and collect a tax sufficient c falls d:-. e: d cinch. part a :t s.:nterc bonds as t r , on fl -. of'•. T sl. the . ri c p l As will become due be f o re the' p roceed s of : a tax e .ed at the next general f, tax levy will be available. . . —, S•rf'u ch�•t a e shall be levied an d ci ollec �d .a other City taxes and shall be in addition to a l other taxes and shall be used - : •, ,bonds and interest thereon. Said taxes . • � f• the- on for ent• o , it • as collected shall be forthwith paid into the City of Petaluma a .� � ., ,•. •. .. a ill I . , ;,., _ . Refunding : _fin tires t and ';Rel.ens t�®n - � c1 and al�. . . 19'�3 fond . . , ♦ r : N _ .. to . for the principal of an d, interest on the _ ,�, -, . sums,'to become due • nds 'shall' e ga.:: id from m such fund �e n all of the in , t cipal z; on the bonds have been- any bal.: ' c� .�aa.. of a•ndv i'nteres.t : • :..:. i0 0. .�nJ.°,'. ,it . i :.in s c f. nd -::shall '.be :transferrer ci _., mone then re .n . , ne a� f'" und. �o f''the �City. to the e r �i i • - F s e.c •O�.on 8-® The Clerk•.. is directed r to cause e Suf,.n f11 i_„ �� en 'num ber of b ank bonds and ,coupons of suitable s a.r. �1-lithographed, e• ..IS 1 t to bre printed or engraved, and: to cause t e bl and . spaces i a ces the r eof to e I filled in o. comply wit thi e rov i sions.=,hereof and to_: rocure their execution.. by th proper officers , an to.�•deliV •,r them, when so executed, to the rea carer who •.shall ,safely k,ep the same until -the' , hal be. sold ,b b . the.. Council, whereupon' he shall deliver , I :. . receipt 1 of ,. reasurer. and Clerk of the purchase: price. The Mayor , 'o. r I are fur. a., there authorized -and t clire red- to make, • . • • c, de � liver' to t e purchaser of the bonds a signature v rliti litigation certificate in the form u s m art require b a S u-rc h e ra of municipal bo P.nds certi f n : :�h. . . � �' to the ti e nu is . - ._ ncne��s: .and- 'd.,ue. execution of. the bonds •and 'f r ,h cert 'f an,:.. to. all. facts :within their knowledge relative 1 :w •r • w 16 6 u - i •, t :':::-.... ''' :: -..: :.''- • . :a' n. .. ..1.'1.,:° I t a' � n, which:.. a or ri h f'ff0-:V t he`-� �� ®_ - : ad s L : ' is further authorized �• -off�.ce o .the bo and the �e:asur�er r - . a ' r purchaser :and-�:d' 'e. a d --to �tna.ke execute a�.d. cle�hl�.�'�r, to -the '.. .-. -t . ■/vim_ ''''-:: -.---- r, r I :, the- bO nd$ - a: a.re:c .4: t . �n :the:. �f c��r c'u•sto�ia�.� ire u�red b p Y � Y• . .. . . ... .....,.. r , , ., , ' '' ' ' '''' : ' ''' '''''' -- �.urc . e s �,o,f. n1u'n c . b.ons; :,evdenc_ n .the pa .ant of , • e O rice .of t"he bonds,', ",-. :- �ece t sh�:� ��l e • •• ,y, . .. ,. L.0 r.l -I • .'�- �� � e ��� r�.c�e ha ��boen, a+]e . con 1 ence -that the pu�r�c has , - . � c. e, e�rid ' r , . ved :� .•�.the �C 3 "� . : `� rcha�-e : o,�: sub Y , ® : a , ,' - r , .. ... .�_ "� �,,r. _s.: -•he�eb 'autthor�:zed- . ,. se .uent,. tali � o� hol.cle,r of th ...':::.--.,,,:,..........,-,..:. •: -.,..---:;,:,. ..-.. .-.. ---.....-.„:,... r ;Q:I1;,.-,,..- • ..1„ ..... .,, .,. ,,. ,,. , . . ... , ,. ..,, ,,,,:,. ' :.- ., ,, a d• shat >be- justified- .I.ri,"re1�. �. u .o such . Y , ' e• . s a _ r a d� .nol.'.:1�.t�._..at�.on cer"t�.facat�e and such' rece1, t. r 4 : ' � tO :, � ��`�-.- e` e:cu t .0 r•suant to .t .• "u.t ,o.r ' Qit ��i � ' 4 ., , . .- - . f- this r�s® u 1.on• r. r• r . , .r , -S Y k �. `hi"'r-0--b, ,Y a�a�tho r��zed• eft Cat Clet�r , ,.' aW d, directed to cause. a::Not�c.e o=f -.Sales of. ,the bonds to.. e; • . ,.., • , �' ,. J . .. * ' nc�: at::.1'e;as t t�•en� �.a :s b�ef;or�e•� the ��da� •e• �:�o f�.•r• such ,sale, ... . - pub�,��s:h e� � e� - .. . .. r r . , - - . s.- F t e , • ,.Yeti -u ,•} � -R�� ,�a newspaper: o _ er��e:r�a�l c;�.rc �.n .tl P'47AT-V -ARG.US COU , ., .-.. • , l•�t.,� n�- .c• ':. r>-c ?.la t e d .���.rth �- - T the ":c�'t a-nIr c� s u c, ' o,.ti.c.e.• shall be- • ' , • su'b's.t n< iasl> .the fo�llowLn form - to, t , •f a-F , . •. . a. s _ f IP 4 _ , • n• 17 - •. k is, . : •. .- .. .; •-�. ...• •.' . � ,-- - r . ▪ , - 11 - •r r. • r, • r 6 a li. OFF IC IA NOT I C'E ' OF�- SALE . • $�55 0 • z T F' P. .ALU A •l 9 7 3 R. FUN IN ONDS • • • C� . 0 � E 1 NOTICE• IS H'EREB •GIVEN that sealed proposals• received anc opened by the: Counc .l. o.f the ..city the °C�.'t @o ;Sonoma` Cio of �Fet:a u�na _ _- _ un,t Sta Ca o�n�.a•Y . r at �t�he Chambers of the. Council Petaluma Ct Hall: Post •e, s St e,et P, -tales S.o,non.a 'Count C.a :f orna. a•nd•� Egg 1 a. h e , � � on • :. MONDAY MARCIIH, at h 8 0,0 for the urc has.e o , amount of bonds -o the,' City ® y C.it o:f, Petal, la 19,73° Refund. n Bonds the °bonds - • more particularly :described below• • r ISSUES_ D $855,000 ,r i nc i- a:l amount of c o u on • . DE. :OMINAT.ION `d. : bonds numb:er`ed:� cor secut;ivel: from 1 y s�'to 1•:71•. of the denomination- Of• $$5 , 000 . , • DA E ,, The bonds are dated April 1 • II'TLF. Th.e bond: mature eral;l_ in consecutive or e r. • from lower to higher, ' on April 15 each of the year , as f o 1 lcw+rs' • : . p Daae: ',(April l 5) Amount both e:ar s inclu s ivy • , , , 35. 000 , 1:981 198.2 40, 000 • 198:3 198,4 fi 45`;,0.00 1985 - 1986 - 1987 19$:8 •. .: .5.5.000 190.9 1:990 60 0.00 19'9s1: ,1.9.92.• • : . 65 • _ • , 0`.0`0 1,99 . • ; . .. , =' 70° 000 : - • . _ • • • „ •75 ,00.0 • 1995- 1996 REDEMPTION Bonds maturing by their terms on .or . • • _ e ore Apr 1 ;1983.. are .riot subject • o° re mp � n r• or 0 eir, respective• . stated ma tur i ies..: Bnd:s maturing b their. terms on or- • ' ' ar• e', s ub 7 �ect 1's.r d e m -on pr ior to their a respective. s t at�d na to r�t�es ®, at ' the opt�o �_•of h e�•on�.-any nt-erest• p - a ent -•date on or after April: 15 198.:3_ • . . p art • in -inverse numerical -or e r � upon w :. page, o f the- :r s.nc a .: amount thereof and accrued thereon to the. date of redem for o ether.' wth, �. premium • • • 18 . . • . • . . • .• . . . . . . • . . . • . . equal. 'to •one°-quarter: of one per cent (1/4 of 1%) . of such pr, nci,.p amount for each whole._year and 'any. fraction' of• a year rem aining between, the date of redemption and the stated, maturity .:date t hereof • INTREST RATE ....Maximum seven (7) per cent per annum.- _ - - - . ' : • � lax° ° • u ' � . payable semiannually ally:• on April 15 and October 15 in each year Bidders must specify the .rate or rates of interest which the bonds shall • bear;® . Bidders.`may ;.-specif an. number Of separate arate interest • the bonds, and. the . . _ rates•� �rres ,ect� :.ve Of the matur�t�es. of same r.f to or. rates may be . repeated aS often, as desired; provided' however,:'that (i) the difference, between: the hi hest and=. -to we st coupon rates specified in- any bid shall • :not _exce ed one and one-quarter per cent (ii) each interest rate specified must loe ,in a:..multiple of 1/20 of one per cent and a zero. rate . of• interest cannot be. specified (iii) no' bon0 shall bear more. than one rate of interest, no .' interest a. ••ent- shall be `"evidenced.: by more than one coupon . .arid supplemental coupons will not be ,:`permitted, (iv) each bond shall bear interest from its date toits stated maturity date.; at the interest rate specified in the bid••, (v) all bonds o f the same maturity shall bear t I : y - the sane rate of .,interes t and. vi ) any premium must be paid d lin bank funds . a s part t of the: purchase price, and'.no. bid ,.will be. accepted which p rovides for the cancellation: and surrender of any interest :coupon. or for the waiver of interest or other concession ::b by t e bidder- as a substitute for bank. fends Bids .:which do., not 'conform:to the terms of this paragraph will be r ejected.. PAY$ENT Both principal and interest ar.e payable .' • in lawful money of the United :States :o.f America at- the He ad Office o f Wells Fargo Bank, National Association in San. Francisco, California. - EXECUTION AND Coupon: bonds will. be ::issued. by the REGL$TRATION City. The :•bonds 'wi:11 be executed by the :manual signature of at least one • : official authorized to execute the bonds©. : The ' bond s- are registrable only as to :.both principal and interest Registered .bonds are' subject -to de-registration 'and re regi straton as . provided in the resolution authorizing the issuance of the bonds. PURPOSE OF. :ISSUE: . ' , The bonds' are authorized ,b...a: the Council • pursuant to the provisions of Section 53550, et seq o f the .Goverpment Code of the State of California for the • purpose::of providing .. . funds` to call .and redeem $855 ,000 principal amount of City of Petaluma. 1970 Municipal Improvement Bonds • • • • • . 19 • • N. _ • _• 4111 • • ' .. ' .. 1 • ii:. > I, C, • , ••n , • . t- S r • . E:CURITY _- ' The -bonds ar.e: ec :al: obli at, on s: •®:f • .S City the re :eripti � o. the. bonds. to be refunded with the,: proceeds ,orf the s ue a ; .on:, an-• prior to such retie ton the interest on t .e bonds s.hal be• �-ayab-1.0 romp - - t:_.e �nteresa earns - on c.e.rEt:ain Federal= securities to be .de a osi•t :d �ln. c�:,rl escrow•• fund w: t -Wells Fargo Na tin- 1, Association. - saa.d •t on the: bonds wi be r, =�-er era:l ob-1 , ation;s . , . • o f ••t .hapower Obligated on and n v _ a f teFr: said redem f a ion to l�ev� ad v lo•r�ern taxes 'for_ the ••• • - • • payment of- the bonds: .and the interest. thereon up• .: , all rope9rt w thin the c�.t: sub ect to taxat�.o:n b l the City w exce t certain personal property :which, is taxable at limited , l : . rate ) w t o it - • or- amount.'•• - ;l�n��tat�:on'.--of rate,� -� . • T the event. that p r r he delivery P •-� of� the- bonds;: the `�.rcome�� received•, s o : bar any privatehO.lderfrom bond f• the ',same; ;t:, e an_d c ♦aracter shall .'be declared:•.to, .be taxable. ,•Yp . ., C • th • at ''`the t e• o tu • .••date under -a - federal income, a the • -• °F . terms o f ch 1:la rs or of b: ,rul in : a federal n;come.. tax , p • .author - t. or' o f f is a-1 w e • i s followed b the Internal :Y 'Revenue •• S-,erv'i ce or by�._ dec i.s,ion of! any,, federal- 'court off° e, n ' . ., an federal income- tax law s ado ted vi z c will have: • adver se tax e f fect o_ n{ holders: o•f,„ the bonds • . na • • a suc . ••t es. cessful a=t his -o t•ion, • the bonds the• Cit be: o . . ...'urrcha.s'e 'the bond s: anon • obga_tl�,:on unrder. the contract to p u- a de os it accom an ,n his., bid' w l be .returned sc•h �c s.e the , , • • - LEG AL OPINION .,.The legal opiniit o of Messrs.- :Orrick. I�errin;g-ton Rowley & Sutcliffe:. „of. .San• . ..3 lif i i. :ranc�.sco a •-�o a, •ah rov ng the - • s ill y be furnish:ea, to the successful val�dty of ',the bond w•- . • _ b•idder w. .tYot charge A. c:op of the. legal ' opnio, , ,q - - f ed by whose:.office the o r :na l is filed, wi :l. be ranted on eacY bond without• charge .to the successful• • bidder. �' • •• TES SAL . • • • ighes t bonds be awarded..• to the - highest. • dd : Sb� `.er-.® cons-�.der� ng :t.�:� ,.interest rate pr • • rates e s she cif�ed and tie pre�� offered,f ered . if any.. -,The highest bid :w►�l l be determined by �,dec ucting . _the amount• .of the r:emium: .bid ( f any from t:he� tot:a 1. a ou-n-t, of_ interest ,which.• te... .City would b: r,equ ._ ed: to .• Pay date:, of: tt e, bonds to-their their res.,- ective maturit... dates at th��-• '..,.;o 4 couo ,rate_4,,or .:rate's s. ecif ed ,in the- bid,:. and 'the award .., _ is - •3, '�_ - - w` l be made on t .e•t•basis of the. lowest ne,t ;nteres}-t :cost a ., •to The purchaser must accrued intere: s -f on • . the •clate•• of• •the bonds to the date of del ver All interest • w .11 b computed..,on- a •3 6 0®day. y'ea ' bas,ls. The •cost of - • pr y. ti'n the ;bonds --w°1 ll be borne h1r: the City. . • i • f :20` _ . _ _ _,.�_. .. r .._-. __. _ _'.. ' . e . •:. , ..,.. 411 � : �••.., . .. .. . , . ,• i • , • . . . . . , . . • • v . . _.. ' . •Ri ht o . , .:, ,, f The Counc�a•„==ruse .yes: the::J right,ht 1 �� ..• Rejection discretion "to" r , • , � � ] any and a11. e ect a waive ' of .- f and" -to� wai e any irre„gul•ar or in;�-or mal•ity in any .bid:-® , . Prom�t A w ar 0 ® •• -' The Council �i1 take 'action• awa�d In �• - _ .. . . ., • . • _ I• .: t ' b ond s: or rejecting; all b. s not • 'e • . . : . -later than hou r s fer t e expiration, • • oth timherei' rescr bed for the- receipt of ro o als unl e-s s uca t.i.me of award waived...by toe successful bidder rt Dolve e • • • ,,.,.,� � 'bonds =w�. , • Delivery o" t ._ ,, . _ - 1 be made to f the successful br :dder at the: Head Of ice of Wells Fargo .13ark® National: Association, in.-- • an rancseo® California, as soon as the bonds can be ••. -'. re ared but not rior to the date `of the bon . ,s�® Payment� �, o d ,. or the bond's must be made in ba=nk funds immediately avail= able to the C'.ity in': San ,.Francisco, Ca �fornia. . Right' of _ .success,ful pbri �c7. � e t ' '' The .1 er. sal=l • -av the - , Cancellation . , -ri ht at :his o i` e , � ® .carlc the. o n� ��o =c on e ,.• o eX execute 'on_ 5: and � eI e� • . " ,th.e• same :for :de l ver.y. w �th �n s i�ty � {6 o days f ro the date i •• f- s l.,e th r _of and �n sach event the successful bidder: shall be" en-t1:-,tled..l tO. the return o f the d , accompanying , epos. .:a has bid. . - : ' . r For Of.,.". Bid: AI". b id s mast be for not l e s than m r of : he o:n Is , �� a' an •or 'no e s s an • .- . . • . t he far value thereof and accrued interest ; . :-, '.:-- - - •to d ate of ��e ll.ve ,y:® Eae . b,id .t og ethe r w.4. l i dder s check mus t ' e enclosed in a sealed envelope' ',addressed to the Council of the .c p it f •Petaluma and' end r Y• r®pOSa , Peta .uma 19:73. Refu'nd •n Bonds Al t � st- either be �" 1� „bids.:: ��iu 'ma i led: to 'the Council at. the C: .t�� a.l.*1 . Post M . y . ' � os :, an English Streets-® Pe alurna California: 94 952 in time to b'e re i b �- 8 ;00, P' M® '.P , .T • y ,. - '� -, arch 5� 1 9 7 3 • � or delivered ao • the . � , : pity co ncj1., at •said lace said time.:.:on s ch • ate �� by , Bid Chec k .,With each :bled must be• , Submitted a certified check or cashier' s check •for $20, 00'0- drawn on a barn or -trust _ company - transacting business in.. the 1 state of California, ' payable ; to t-he order .of the Treasurer ,of , the City o:f Petaluma • '-o secure the city: from --.-any. loss .-resultin:¢. from. the failure of - e bidder Ito c{oi pl with. the' te.rms,' of _ e ,. - : � ry bird® C�: cks �'o-f . .1.:1 ..b Odd e " S • : � ���:ex�ce��t the succ�es�s ful bidder). ����.11 be • . - re t���.��ned .�: � -•, fir, _ the b ,ma Y e Ct:y y .1 PromptZ folyoi the sale. is ,. I- -i. o ° . �. � .- date a,�aov. z � ®, •' • s b , e' s;pec-ified. No interest will be aid u on the - de ost'°trade by" the s•ucc�essful 11' �. 1_ � � bidder, � -. .. -..'-.I,�, ` _ :._. -. _ i lip � ,.. .�� �• • ••• 1 . - . • ' 21 • .r ,. i , �d - rs are re etedu ,• .. E's �na o �_, .e .•• ire 0 �!��• e• . ., i ,.♦..I a :1y','' „': 11•I+, F 1�; • • .�4 1, C,,i t•_Ir e£a t 'cost t�!,/ the C 1 ty on the- basis . • . ' . ' . =reps: ec.� .v ,i s- whic�h�• $hall be . _ .. o f the�r � t� e •b d _ . .- cona.ide `ed a s •� f or mat a •ive only and hot binding •on e-it :er- the . -. bi,dd0. or heq.ty,� : . • + of f ci 1. -, , , • The City has caused an of.f:icial ':state State n - f which -rent• to be prepared a copy o, ill ,be furnished u: on request addressed r � • .,s.• • _ , •• ; , to Stone & Youncber� --Municipal. Financing , , , .S . _ • . on. ta t_ Inc-e , 1 California Street San. Francisco - ... - a a :or • ., 41 • the idt s•'financing.- .consultant b ' ' he -e • o liti 4ti.on e .di.n -concernin, the • • , , ,.v t . ,. - f the- .bond;s '„f the existence o.f,• the City : 'o :.the- tle _ .f` 'the f ice' s thereof to their• :respective : •J• e 'nd' the• Ce ill f urn�.s h , to:: -.suc�es s f ul b�d der•, . : a no. 1.it•i:, a't,i n • certificate •cetlf in to.•-=� he fore� o�:n- � as•, • - .. of � an d. as the time o f the delivery of: th-e �:bonds® .. a•••. . • • •• , • , , , Da'ted February 5 19 7 3- - .• • y. ç): %y C1-efkp of th; Ci•ty` of` Petaluma .. . , . ' .:. California .' , . • c _ a . t Sa • . t„ • • O : Section •1.0. This ':res.ol:ut�.on ..shall. take .ef f ec..t . , s .,, . . , from• n: : after•at a- a s:s a �1 e: a.nd •�a r`a.�v 1. r�, , . r, . • P y 5 19:7'3 by the , ^ D PVD ADOPTED ON February f o 1 pw n ' vote . , - • , . ' • •,® Diner . 'Cavrana h-. J,r a Dal l a.tte.i - Aa® Qric: linen. ru ' P.e dry �r an may®r Putnam , ' aNOE•°s Non , - - , •. : A S ®~ Councilman Cleoa•k a , . - r r•. . �� : Y 'r -'• i � aAR' - ' C s t. • r i ,a • _ATTEST- ••, • • e C • . , • • • • : , , k • • , , , , . . . " II b.• • - , _ Y. • • • i; I L r, a n, , C�ER� °s C:'ER'I'IFICATE' . . r L� NO. s N City Clerk of the s •ty • ' • 1. Pe:t . u a Californ .a. do hereb cert f as follows • . . . • •. • • • • •• _ •.• •. • • .. . . - The fore oin s• .a f 'l l r true and .correct co.P , f a. ion du. :ado t':e ' b the Co.0 c�., of said C at at•• I' • i a re. u a .. eet' n of paid= Cou o l Sul ••and regula.rl and •._ t• • y - e a11: held' at. the• r_e ular meeti3n lace thereof on February Y • l of h, m ers of s-ald Counc , .. �� :• � • • 5., 17 3® of v� �,� rne�t�ng . a 1 t� e e 4 ma; her o =.era s• re sent • ®, r + • •• du Qt�ce and . •• .sa�d. n�e�t�n saad resolaut.�or . a� -in.tiroducecl • : tnc ,lnnan . Ro ber-t eA Brunner � x • ,r ` e k 4 X._ .. _ XX•XXxXxX �., onded: Count�lnnan 1e ' :adopted • :e f o ow g vot:e::® • r r A YE s . unme n. -ne Cavanagh Matte Pere , '®'� nC Ma or Putnam '• ••"- _• NOES. None,• rS ENT' Councilman; C l ec•a°k • . , I have carefully compared the she wit tie or�gfinal• mi-nuttes •o,f said' mee.t'in on file and of recur n my office.• e • a d. • .re-solution s a full true. and correct co ••of ,the n 1 on n reso_lution .4do -.ted• at. sa :d e.et .n and entered 1.n say minutes+ r r The =oari final re olution ha not - - fd dd since the. and h a s now �.=n ful-1 force and effect •-• Dakted` Febrar 1-973®.• •• •Y . ....�_—rte ar ••_ ., i��t �er o f ��te �C�.tr- o f' "Pe to lum�a [SEAL] • •• California ••r . i