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CC Resolution No. 1067. .14. ., M~ ~ IM 4 r.~ r _• wr r. i .~, ' ~ * ~ ~ 7 RESOx,U~~oM Nt~. ~ c t'1 ,._._. s'~iI.7C.IN0 $1,450,UflQ PRINCIPAL AAlOUlJT OF ~;I'i'Y Op CU~RfiIF~C! X964 MUNICI~'AIa YMPNQV~ ~t7N03 ...~.. YHEfZEAS, the City Council of the City of Cupertino tr~c•etoforre by revolution duly auttroriaed the Sr~euanoe of S1,4a0,00A principaX am~~unt of bonds desig- nated "C1Lx of Cupertino 196~s Municipal Improvement Hond6," giI dated March 3oa 1,965, ar,d further duly ~-uthorizei the sale oT said bonds at public sale to the highest ari trst bidder therefore and 'S ti;:~H~AS, notice of the vale of said bonds has tern duly liven .ln the manner preacrired by said resolu- tion And t'a following bids for said bonds xere and are the only Cris recefved by said City Council, to xit: let Interest Coat ~:s~.~e of E~idder to City w ~~aio~~wr~~VrRr~ ~a.~~r..~r+w.sr ~~.,~.. .~r+.~.o. ~~ar •~rk ot" h-..: _~a N.T.&S.A. ~ Aa3ociates $760, 386«50 United Ca:~_ ~rniu Sank 778,676.?5 ?sine, We':~::, Jzokson do C`aZr+:i:~ Shearson, :~-:~1~ k Co., Znc. loc•d~andy _..:. ~~~npany ;a;rlc,r ar... _ .::Fany J. A. Over . _.. & Co. Crocker-C~:__eng Natiort~cl iaank 782,568.63 '~'el].a Farb: ink 79'7, 913.75 First Wes : ~ ^ : dank ~ Trust Company ~3alyden Sty :::~ S Co,, Inc. iiiil A:Lch,r::. S Co., Inc. Security : i:~-s ` Nntione,l ?ank SGhxa?.acher S: Co. 3_~:zunaal, Agr:aar & Co. Tidiiliam A. .itast$ & Co., Inc. Y~eeden & u~. ~+nk of Cali fornir~, N.A. !304,743.13 .fiche & Cb„ Inc. ~:. inf. Presspri.ch 6z Go. 1 ,° _ • 1~ ~• ,~ Al1D W1iEREAS, the uai~i 1rit1 of ~~nk u£ Ate ne~a~N.!r.BS.A. ~'~ and Assoaiat~:s w~.ri~~ear~+r~er~i~r~~rrr~wr.ww~+rw~ utiarr+ is the hightst bid Por said bonds, cnnr~idQ~ring the interest rate(s) epeciPied and the p~•eniium oPParedf, w 110Sd, 'PHEREF17fiE, HE Ifi RESOLVED ~'~~U ORJEkEC by the .~: City Council of the City or Cupertino as folloMe: .r~ 1, Sald bid o1' ,~Ilaii3c oP Arr~ri.ca, N.T.&S.i~. and.... " Associates n for $1,450,x00 par value of paid bonds shall be and 18 hereby ;~; aa~opted and the Treasurer is hereby a~sthorised and directed ~'~, ~~ to delive~• said bonds to said purchaser thereof upon payment. ., to avid Treasurer of the purchase prise, tc~ xit: Sa1d par value thereof and a premium of ~ 1•QO to ether with +._._...,.....r... ~ 6 accrued interest at the folloxing rate(s); bond 1lumbers Incluaive,~, ~a.owr r 1 .____~. to 28 29 to 36 .,___.. 3? ~. to ~3 _.__.. ~ to 153 154 t o 290 Interee~; Rate Per At~z~un 4.50 x 4.0o x J 3. as x 3.25 x 3.5o x Said bond3 shall bear interest at the rate(s) hereinabove set forth, payable December 3q, 1g65, for the period i'rom riorch 30, 1965 to December 30, 1965, and thereafter semiannually on June 30 and December 30 of each year. ,~;' 2. Pur$uant to said notice oP sale oaC said bonds rind oaid acoepted bid, the denomitiai+lon o1' said bonds is hereby determined to be ~ 5,....~~~ each. Said bonds of tsaid denom3t~ption ahal]. not be convertible into bonds of any other dencxnin+~tion. r aF 's r~ ~~ /, ~, . ~~ ~. . ~~t • ~ i~ ~ '.) M Z ;' sr q~. •' , 3. All bide uxcepL- the bid of ;r ink of AmexFJ.c.~~ N, T,&S,A= and Aet~QC~1~~.~:AY. .r+rw r..wa. Harr-~wo ~+ .~-ar. r-- - ti - +~w~+r~.r+w~.~rrrwrrrrr.r r are laPreby rc~leGted end the Cxty Clerk iu hereby ordered ay~d dirsyt~ed to rQturn to the unauaaasa~'uY bldd©rs their aev~ral aheekg aaaom}~~sn~-ing th~1r re6peativc 61~1e, 4. The City Clerk is d3reated to ~aauae to be lithogTSphad, prlntad or engraved g suFi`Saiant num>asr of blank t;ondb and aaupone of suitable qut~:lity, acid bonds and caupana to etharr on their fame tt-at the oa~ae bear int~ar~ `1i est at the r$Zera) aforesaid. ",;; S. This resolution shall take effaat from and 'e after its pas$age and approval. PASSED AIiD ADOPTED tUis let day of March, 1965, by the i'ollowing vote: RYES ; Councilmen ~ DEmpster, Fit:agera, ld, Noel, Stokes, Finch 1d0ES : Cotutcilmen: None AE~SIJN'I': Caur±ciltren: Nane /s/ Paul H. Finch nfiayar o ~o y o uper na, State of California Attest: t EAL] ~' ,` f ... t;r er o e y a upor . rya' State of California ;{ .., .;. r,, N ~ ~ a ,~. fi ~. Tq{~ .I x .~, A t ~1~ ~~ ~ ~, ,~ , ~~ .,,~ ~;Y ~.~ CI~RF.'3 CER7.'IFTC~ITE wM1O~1YY.UE11111F~M~ ~~~ I, LA61RE1~C~ i~. MA1tTIN, City Clerk of the City of Cupc~rtinc. Californ~t, do hereby cer~tity that th~~ foregoing la a fulls true and carreat copy of a rasnluti~n duly adopted at a regular meeting of tt~e Ctty Council of said CiL•y duly and regularly and legally geld at the regular meeting pleas thereat on the let day of ;larch, 1965, of which meetit~ ~tl:~ of the members of said City CounaSZ had due notice and at vhl~ch a majority thereof waB present; that at said meeting said resolution Was introduced by Councllrisn Dempster and read in full, and was thercupan, upon motion of Councilman DempAter !, seconded by 4aunail~an Pdoel , adopted by the following vote: AYES: Courc2lraen : Dempster, Fitzgerald, ?duel, Stokes Finch tJOES : Court ` ;:-.en : None AE15EtdT : Cour:c_ ~-.en : None That I have carefully compared Wald resolution with the original minutes of said me~eP.ing on file and of record in ~~y ofSice and that said resolution is a full, true and correct copy of tt~e c~ri61na1 resolution adopted at said meetinE and rntered in said minutes. That said resolution has not tsera amended, modified or rescinded ~sinee the date of its adoption and tl~~e same le nos !n full force and efSect. WITNESS ~aT hs~nd and the seal of said City off' Cuparrtino this 4th day of March, 19G5~ ZSk:AL] ~ ~ / ~..~., .lY3w~\~.d.ll~{~I,iM~L1~~L' l~l{rr ~QI'GlC~D, 54~.~,tik of Cal.i~'©rnia ,. ,;d,