Resolution 1413
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RESOLUTION NO. 1413
AWARDING SALE OF BONDS
GENERAL OBLIGATION BONDS OF 1969
FIRST DIVISION - $350,000
CITY OF GILROY
RESOLVED, by the City Council of the City of Gilroy,
California, that
WHEREAS, this Council, pursuant to its resolution calling
for bids on the sale of bonds, adopted on October 20, 1969,
gave due notice of said sale; and
WHEREAS, this is the time and place fixed therein for this
Council to consider bids for the purchase of said bonds, said
bids havtng been received and publicly opened, examined and
declared in the office of the City Administrator of the City of
Gilroy pursuant to the terms of the Official Notice of Sale.
NOW, THEREFORE, IT IS ORDERED, as follows:
1. That all written bids received for the purchase of said
bonds, excepting the bid herein stated, be, and they are hereby,
rejected, and that said bonds be, and they are hereby, ordered
sold to
UNITED CALIFORNIA BANK
as the highest responsible bidder therefor, with interest to the
date of delivery of said bonds, said sale to be subject to all
of the terms and conditions set forth in the Official Notice of
Sale.
2. That the City Clerk of said City be, and she is hereby,
directed to have said bonds printed forthwith, and that the same
be immediately signed, sealed and delivered to said bidder on
receipt of the amount therefor as above stated, with interest,
but not otherwise, and upon the performance of the conditions
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contained in said written offer.
3. That the interest rate of said bonds be, and the same
is here~y> fixed at the rate stated in said bid.
ATTEST:
Q)24Jtt0/JuJ 0. .~$~
,,(Seal) City Clerk ' ~
* * * * * * * *
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 Gilroy, California, at a meeting
thereof held on the
17th
day of November
,
1969, by the following vote of the members thereof:
AYES, and in favor thereof, Council.nKm:Jbers: Batrez, Duffin, Kennedy,
Pate, Silva, Wentworth, and Goodrich.
NOES, Councilh1~rs: None
ABSENT, CounciJ.l1b:mb~rs: None
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City Clerk of
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the City of
ilroy
APPROVED:
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Mayor