HomeMy WebLinkAboutReso 1970-5702RESOLUTION NO. 5702
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CHULA VISTA, CALIFORNIA,
AWARDING $1,500,000 BONDS OF SAID
CITY TO THE BANK OF AMERICA N.T. &
S.A.
WHEREAS, at the time and place fixed for the
opening of bids for the $1,500,000 bonds of the City of
Chula Vista, California,., designated "1970 Police Facilities
Bonds," and numbered 1 to 300, both inclusive, no bids were
received;
WHEREAS, pursuant to §43627 of the California
Government Code, said City is empowered to sell said bonds
at private sale; and
WHEREAS, the Bank of America N.T. & S.A. has
submitted a proposal to purchase said bonds, said proposal
being dated June 23, 1970 and
WHEREAS, said proposal complies with the terms
of the public sale referred to above;
NOW, THEREFORE, the City Council of the City of
Chula Vista, California, DOES HEREBY RESOLVE, DETERMINE
AND ORDER as follows:
Section 1. That the proposal of Bank of America
N.T. & S.A., offering par, and accrued interest to date of
delivery, for bonds bearing interest payable annually the
first year and semiannually thereafter at the rate of:
Rate Years
6 $ 1972 to 1990
is hereby accepted and the bonds awarded to said purchaser
in accordance with the terms of the proposal.
Section 2. That the interest rate on said
bonds is hereby fixed at the rate stated in Section 1
hereof.
,;Section 3. That the City Treasurer is hereby
directed to deliver said bonds to the successful bidder
upon payment therefor and accrued interest, if any, to
date of delivery.
ADOPTED, SIGNED AND APPROVED this 23rd day
of June , 1970.
Mayor of the City of Chula Vis a
ATTEST:
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City ~~erk of the City of
Chula Vista
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STATE OF CALIFORNIA
COUNTY OF SAN DIEGO gg,
CITY OF CHULA VISTA
I, Kenneth Campbell , City Clerk
of the City of Chula Vista ~ornia, DO HEREBY
CERTIFY that the foregoing resolution was duly adopted
b,y the City Council of said city and was approved by the
Mayor of said city at a _ regular meeting of
said City Council held on the 23rd day of June ,
19 70 and that it was so adopted as follows:
AYES: Councilmen Scott, xobei, Hamilton,
Hyde, Egdahl
NOES: Councilmen None
ABSENT: Councilmen None
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