HomeMy WebLinkAboutReso 1966-3949 RESOLUTION NO. 3949
Form No. 342
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA
APPROVING AGREEMENT BETWEEN THE CITY OF CHULA VISTA AND
THE BANK OF AMERICA, REAPPOINTING SAID BANK AS FISCAL AGENTS
FOR GOLF COURSE BONDS
UTHORIZING THE MAYOR TO EXECUTE SAME
The Council of the City of Chula Vista does hereby
resolve as foil:
That that certain agreement between the City of Chula Vista,
a municipal corporation, and The Bank of America National Trust and
Savings Association, a national banking association,
dated the i fI day of .i =a ;; ,.:., f , 19 , , a copy of which is
attached hereto and incorporated herein, the same as though fully set
forth herein be, and the same is hereby approved.
BE IT FURTHER RESOLVED that the Mayor of the City of Chula
Vista be, and he is hereby authorized and directed to execute said
agreement for and on behalf of said City.
Presen ed by
ordon Grant, Finance Officer
Approved as t. fo m by
Georg D. Lindberg, City At ' ney
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ADOPTED AND APPROVED by the CITY COUNCIL of the
CITY OF CHULA VISTA, CALIFORNIA, this 4th day of January ,
19 66, by the following vote, to-wit:
AYES: COUNCILMEN McCorquodale, Sparling, McMains, McAllister, Anderson
NAYES: COUNCILMEN None
ABSENT: COUNCILMEN None
Mayor of the City of Chula Vista
ATTEST
C�
,71 _<.t- :_�
rty Clerk
STATE OF CALIFORNIA
,
COUNTY OF SAN DIEGO ss.
CITY OF CHULA VISTA I
I, KENNETH P. CAMPBELL, City Clerk of the City of Chula
Vista, California, DO HEREBY CERTIFY that the above and foregoing
is a full, true and correct copy of
and that the same has not been amended or repealed.
DATED:
City Clerk
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CC 652
aigaGi ME.
This Agreement, made and entered into this 4r/ii day of
1SCL, by and between the CI'Z! OF COOLS VISTA, a municipal corporation of the
State of California, hereinafter called 'city", and SANE OF ANSRICA NATIORAL
TRUST AND SAVIORS ASS0CCIATZO , a national banding association, hereinafter called
the "Reek of America",:
W I T N E S S E T R
ViNUSS, the parties hereto did hertofore enter into an agreement under
date of December 8, 1953, whereby bends and their attached coupons issued by the
City, umy be presented for payment or collection and be paid in the Cities of
San Diego, Los Angeles, Chicago and gas York; and
WORREAS, the agreement provided far a fee for the payment of such bonds
and coupons which contemplated the issosr►ce of bonds of $1,000.00 denominations
only; and
NORRBAS, the City has issued bonds of $5,000.00 denominations, for which
there is no existing fee schedule;
NOW, TSE & Elo * g,
It is AMEND, as follows:
1. That all of Sections 5 and 6 shall be deleted and superceded by the
following schedule of fees:
The City shall pay to the lank of America
a. for each interest coupon honored and paid at maturity or thereafter,
from bonds of $5,000 dtnations:
123c per coupon
b, for each interest coupon honored and paid at maturity or thereafter,
from bonds of $1,000 denoeainations or less:
7hc per coupon
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e. for paym ent of bands of denomination of $5,000 of a particular
issue and maturity:
for each such band - $1.85 each
d. for payment of bonds of denomination of $5,000 of a single issue
called far redemptise:
for each such bond - $2.50 each
e. for payaasol of bonds of denomination of $1,000 or less of a
particular issue at maturity or of a single issue called for
redemption:
for each such board - $1.00 each
IX WITNESS UMW, the parties hereto have caused these presents to
be duly executed, the day and year first above written.
CITT or CHULA VISTA
By ,e Z e_. �_.,lnur fs �(
' City Clerk
RANK Or Awe= NATIONAL TRUST
AND SA*I S ASSX
' f" • t Officer
,i` ^
By
Assistant Trust Officer
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