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HomeMy WebLinkAboutReso - CC - 003-1968w,. :K7mh 1-8-68-15 fad RESOLUTION NO. 3 —68 A RESOLUTION AWARDING SALE OF BONDS BAYSIDE IMPROVEMENT DISTRICT NO. 4 $525,000 - FIRST SALE RESOLVED, by the City Council of the City of Burlingame, California, WHEREAS, this Council has received a proposal to purchase the $525,000 First Sale of bonds to be issued to represent unpaid assessments to be levied in proceedings being conducted pursuant to Resolution of Intention No. 60-67, adopted November 63 1967; NOW, THEREFORE, IT IS ORDERED, as follows: le That said $525,000 First Sale of said bonds be, and they are hereby, ordered sold to J. Barth & Co., said sale to be subject to all of the terms and conditions as set forth in said accepted bide 20 That the City Treasurer be, and she is hereby, directed to have said bonds printed forthwith, and that the same be immediately signed, sealed and delivered to said bidder on receipt of the amount therefor as above stated and upon the performance of the conditions stated in said written offer. 3o That the interest rate of said bonds be, and the same is hereby, fixed at the rate stated in said bid. I hereby certify that the foregoing is a full, true and correct copy of a resolution duly passed and adopted by the City Council of the City of Burlingame, California, at a meeting thereof held on the 15th day of January , 1968, by the following vote: AYES, and in favor thereof, Councilmen: Crosby-Diederichsen-Johnson-Martin-George NOES, ABSENT, APPROVED: Councilmen:, None Councilmen: None ity Clerk of the City of Burlingame Mayor