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HomeMy WebLinkAboutReso - CC - 079-1953KWHW:EAW:S:jm 10/12/53/8c RESOLUTION NO. 70-53 AWARDING SALE OF BONDS CHAPIN AVENUE IMPROVEMENT PROJECT NO. 52-48 RESOLVED, by the City Council of the City of Burlingame, California, that WHEREAS, pursuant to Resolution of Intention No. 77-2 adopted by said Council on November 17, 1952, and its Resolution calling for bids on sale of bonds pursuant thereto, adopted on October 5, 1953, r.;�tice of said sale has been duly given; WHEREAS, this is the time and place fixed therein for receiving bids for the purchase of said bonds, and said bids have been received and publicly opened, examined anddeclared by this Council; NOW, THEREFORE, IT IS ORDERED, as follows: 1. That all written bids received for the purchase of said bonds, excepting the bid herein stated, be, and they are hereby, rejected, and that said bonds be, and they are hereby, ordered sold to Lawson. Levy & 'vvilliams , as the highest responsible bidder therefor, with interest to the date of delivery of said bonds, said sale to be subject to all of the terms and conditions set forth in said resolution calling for sealed proposals and in said accepted bid. 2. That the City Clerk be, and he is hereby, directed to have said bonds printed forthwith, and that the same be irmediatel signed and sealed and delivered to said bidder on receipt of the amount therefor as above stated, with interest but not otherwise, and upon the performance of the conditions contained in said written offer. 3. That the interest rate of said bonds be, and the same is hereby, fixed at the rate stated in said bid. Mayor I hereby certify that the foregoing resolution was passed by the City Council of the City of Burlingame, California, at a regular meeting thereof held on the P (� day of October 1953, by the following vote of the members thereon: AYES, and in favor thereof, Councilmen: ATw 4TFR-BYIuD-HORGAN-S TMI0NDF NOES, Councilmen: None ABSENT, Councilmen: LOVE roert K. white City Clerk -2-