CC Resolution No. 1673 . ~ ~
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?.~S~r..L~'TJ~:V NG. 1673
3 R.F:SOLUTIO:~ Oe 7~{E r;ITY C.UL~'IVCI1. 0'r THE CITY Oc"
CCPFRTINO AP'PRO~ Ti2i,r, PINAY. PIAN i0R TN~ Lta.PP.(3VF'~E`~7
OF SZ~ET PROMTAGp Ai '1'HE i/ll SP~~~~ MART Cr'~
~ HO,~I£STF.AD ROAD A~FRJXI?-'ATC1.Y' 300' SO:~TH Q~ l~QFA2JDA
' ~c~IVF:. AUI`liUftlZl`:~ 'I`E3E CITY ~'I~I;INF~~t Tf) SLG;: 't"H~
FIti!~L PLAl:, Al~tA ~:.'7~fORI'LIN~ 'SNk: E}C6CUTI0:~ G~' ArR~E-
!~!F.h"I' II3 GCSNtt~~'TILti 'T};EREWITN '
~ ?~1i~R£AS, thwr~ ha~ bee~ ~~resented Cn ~he City Cr.uncil '_'or
: bpt~r~;al uf the ffnAl plan for khe in~rc~vement: of the street
frc~nt.A~e at the 7/I1 SFEL~bEE N~AF~T Oh HOME:S'PF.AU R(1~D~ ppproximntely
300' south uf Norr~nzlte Drive~ by Cht~rles W. Dnv~dsnn, ~nd
~ i,HEFcEAS, lherp 1?~~ t~een preH~nied to t~h~: City Gouncil a
' proE~~~ed a~ree:mene fur ttiE ~oubtruction of srreets, curbs, ~utter~,
~ side~:alks~ nnJ for nth~r i:nprov~:mettts, ~itid good and suff icienl
bonds h:~ving b~en pzes~nted for thG faithEul perErrniance or r~atd
w~rk :+nd the cnrrving ~~ut ~f eaid u~t-~~em~nt; rind s~id plan, ~i~:ree-
m~nt, an,i bunda having be~n ~?ppraved b} the Citv ~ttorne~~~
~ON. THERF!'OR~, bE 7T krSUI.V~D tl?at s~~td t~ina? ~~lnn `'ar the
impro~~~c.ent uf stre~t FYC~ntage rit the 7/li. Speedee ?,'art ~:n Hnr.:e~
stc~~d R.~ad, ~~ppr~:cim~.t~ly 3b0~ Hc~ur.h uf Nar~and~~ Drt~•e, cc nna
tlte aan~ Is~ heraby~ ap~:ruv~d' i~nd the City Engineer is h~~reby
nuthc~riz~~i tc? tii~n said fin~l plnn, r~nd the Mayc+r an~ thc ~:it}?
C1~~k a:~ hur~by authoriacd tu execute the aKree?~ent t~e:t~in
re~+~c- c.~ in beh:~lf ~f ene Clty ~f Gupt~rlln~.
4'.L~ SFII ANU ~+LOP= 4i~ .it cl~~ r~:gulat m~et 1n~, uf thE ity Counc i.l
c,f th~ ~iey uC Cupercin ~ cEite~ __Stf~ day of _ Auguat_, _ I9G$.
tllt ::1~~+W~ll~y' VI~Cr'
AYEti: l'uunctlnti~n: Benven, pempster~ ~tCzgerald~ Nael
NOES: Cat?ncilr~~:•n: t~one
ABS~'N?~ Councilm~~n:
' t~an^_
ABSTAI:~EU: Councitmen: Stokeer ~~'}~~~~'1'n•
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- rl;iyor.~Cit ~ nf Cupertino
ATTEST:
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RES~LUTION N~. 167~
RuSOLUT~Oh PROVTDING FOft ~'NE ISSUAtJGE
• OF 3~OC~,a~O F'RI1~ICIPAL AMOUNT OF nC~TX
0~ CUF'~RT~N(3 1g58 LTBRAHY 80ND,S";
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PRES('R~HI~tG T~; DATE ANU I~OHM OF ~AIU
~ BQND5 AND OF '.t'~1~E C(?iIPONS ~'0 E~ AT'l~ACHED
THER~'~CO; F?~~CIt~Li THE f~'AXIMUM RA~E OF
INTERIs3T 0?J SAZi~ P; ~Pdt)~; ~,~;D PRESCRIE3IN(i
Tt#E MLATUftIfi1ES TNER~ur; AUTNORTZINQ THF
EXECUTTOtd OP ~AID BOiVQS AAID CaUF4NS;
PF;OVIDTNa FOR TNE LEVY ON A mAX TO PAY
THE PfiINCIPA~. ANU INT~RFST T}~~;REOF; AND
DIf~ECTIN(~ NOTICE OF 3ALE 0~' SAID B~DND5
'TO bE aIVEN.
~ 1~IHEREAS, all th~ requiremen~a af law have bzen com-
plied with in calling and holdin~ the gpecia] munic~.pal bond
election held in tl~e G'ity of Cupe~•~ino (L•he "City"), Sta~e of
California, on April 196A, which elec~ion waa duly consali:iated
wi~h the ~eneral munici~,~l electlon held in the Ctty or asaid date,
at whieh eler.tion a mea~ure ~o is~ue bonds of the City i.n the
principal am~unt of t3oo,oao foi~ the ob~~ct ansi purpone herein-
after stated was subrr.itted to the voCers of the CiCy; and the
~iL•y Crurtcil oT the Cit;~ did duly and t~eqularly ~anv~sg the
r~turn3 oi' sald el~c~lon aRd did, as a r~~sult of said c~nva~s,
determine and declare, and does hereby certify, that said mEasure
rece~ved ~t said ~lectl~on the affirmative vate oC more than two-
thircla ot' nll of the voters voting on saSd a~eaeure a~ said elec-
~i~n and was thereby carri~d and ad~p~ed by said eleation, and
the iasuancc ~f aaid t~oirtds bY the Ci~y wr~s duly authorized;
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~ NOW, iHER~FORF, 8E 1~T RESS~LVED by th~ Citv Council
a~' ~h~ City of Cunertinor rt~ fc?~Zoec~s:
Sec~icn 1. 'I~~e CZ~:~? Coun~i]. has re~v~crred all ~row
- c~$inga h~ret4Yore tAken and haa tound as a retiult oT ~uch
,
.r~~?i~r, ~nd do~s h~reby Pinc~ ~~d ~tte~rr,iine, tt~at all gc~a,
cc~~!'!tions and thin~c~ r~qu~.r~A b~r Za~ ~o exist, hegpen and b~
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_ pr~:~~'or~aed precedent to ertd in ~h~ i~; uartae of sai~ bond$ heve
~:~:iL~~r.d, happ~ned a.nd b~sc~n perfors~d it~ due tim~, ~'orm and
~~~er rec~uired by ~a~e, ,~nd ~h~~ ~ity 2c3 now authoriz~d
p~~s~an~ to each and everyr s~equir~e+~en~ nf lea ~o inaur ind~bter~-
,
nc~a in the mann~r and ~'orni as in tt~ia r~aolutinn provided.
Sc~ctior~ 2. Bande~ ot the City in ~he aggrag~te
pr:.ncipal amount af ~300 ~000 aha11 iaaue to pay th~ au~t or
t:~* ~~s~ui~ltlan, constru~tion ~nd completion of the municipa'_
i.:.~ rove~tnt of t!:s City s~~ sor~M in the folluw~ng bona
r..p~ure, to wit:
3i£A~URE: 3ha11 thr Ci ty of
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~^~r~~ nu' ldi:ng) Cupertina incur a
bondpd irdebt~~4ness
in L?~e ~rincip~l amount of S3Ub,000 for
t~e acquisition, con~truction and cam-
~ pletion of the following ~uriclpa~.
~~prov~ment~ Co wit: ~ libra.ry buildin~
~ ~:o be const^aaCed by the Citq on ci~y~
cr~rned land in the rivic Centei- together
' ~rith aff-stree~ park9.ng fac3Y~.ti~e and
o :her ~ite ~.-:provement3 there2'ar?
Sectior, The bandg shall Ue is:~ued as hereinafLer
s~~ °arth, and s!:~11 be ~~2d in r~ccor~ance aith laK at not
, lr~~$ than their ~ai• value gnd ~ec:crued intpr~o~. 'ihe borads
sh.~.~~ b~ 5300,OOC~ in aggre~at€ ~ri~lcip$1 artiou.nt and shall b~
~ kncem us "City of Cu~ertina 196A E~ibrary Honds" (hereinaft~r
ao~t~z~s ca?:led ttie "bandt3"). Tl~c bando ~hall lie ne~;otiable
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in ~`vrm, and a!' thp ch~rt~at~r kx~o~n as g~a~:~.al~; ~shall be ti0
iis a-~aaeber, nu.«..bered ~'rom 1 P;o ~0, b~th lnclusive, and shall
~~e csf the deno~i.n~tian af ~5,000 escii. The bonds ahall. be
da~~s3 [3ct~ber 1, ?~68 (~?hi.~P~ iss h+~reby fix~d ~nd d4term~ned
~~a :a~r the dat~ of Lhe ias~i~nc~e oP the bnnds r1I1 0~' th~
~s~~s shc~ll be~~r interQ~t. f~am trielx• d3t~ until paid at the
s~a.~~ e~r rates designatied by ~I'~e Ci~y Counail of t;~e City ~t
' t~c yim~ of t!ie s~ ~e of th~e band~c, but not to eXC~ed ~ix
~~r ^~nt {bx~ pNr ani~um, pt~yat~~.~ annu~:~ly th~ f~rnt year
~h+~reaft~r sm^lannua:Ll~. Such i~tei•4st shal~ taA evicYenaed
~ bg oaupons attac~;e~ L•o e~ch bond, sind saah of aaid coupons
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~ sh~I.i r.e~}~resen: ~ix mc~nth~' inttreat on the bond to whieh it
1s ~ttaehed (~xcer: Lr~e f~.r~t coupan whieh shall repre~ent
~ z~~: ~•e months' :r.:t~rF~st). Sa£d Snters~~ coupans shall be
; le on Apr:~ ~ 3nd O~s4obes• 1 in ~ach year (except th~
°i:~: c~~upan ~ha~ll b~ paytabl~ an October 19d9). ~`he
~ ~~w :,hall r.a: ~~e and be payablr in conse~.utive numerical
~:~d~r, fram 2c:~~r hi~her, as S'all.orts:
Prir.::F~~ Maturity Date
A-;ry J~• ~Oc~Cober 1 }
F~+~
3 1969 - 1g7~~
l~,w~~ 1975 1982
1~ ~~?L ~ 1983 - 1988
~4,~~~J 1989 - iy93
~ Ct~l]. years inclusive)
~tn*_!; t~;e Fr~n~l.pal. af s~d iclt~r~rst nn sa:l~ bonda
aria.:.:~ t~e payable in lawf~]. money of ~he United States of
fir~as~~ca at th~e o:'fice oi' Che CitS? Tr~msu~rer o.f tihe Cit.s?, in
C~p~rxino, Califorr:la, or, at the opt~.nn of the hold~sr, a~
the ~a~,n Francisco Kai.n Offiae ot 8Rn1~ of America National
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~~--:.~t and 5ati i:.~s Assso~~~ticin, in San Fra~nciscc, Ca~ifornia,
- ~~r.ying ~~at or tne Citp, or at ~h~ principal ofi'1ce
' s~~' tt~~ ao-paFi-~~ ~gen~ of
~h+~ Citq in Ne:a Yark, New York p or
~~~aicago, II~inQis . 90 1-~r~g a~ any a f said bonda are out--
, s~~d~ng and e~~paid the Cit~~ ~hall m~intain a pay~ng agsrat
~.c~s ~a~.9.d Clties of San Franciscvr Nex York ac~~ Chioago, at
' ~ic3~ the prin.ipal of and in~ter~eat on the bonds ~hall be
~ ~~-~b 1e .
8onc; ^~aturin~ b~r the~r ter~m~ un or pi•1.or to Octaber l,
3~. ri are nat s~.cbJPCt to ce~.Il. ar redemption prior tc, th~ir
_''~.a~~ mat~tiritti ~ates. Hond~ m~.~uring by ~heir tei~rns on or
October 1982, are sub~ect to call and red~m~xion, at
optlon o:' :';Q City, aa a vhalc, or ~n part in Inverae
~ ~~~~r1ca1 or~a- °rom h~gher to Io~rer, on October 1, 1979, but
~rior th~-~:a, anc~ on anv date thNreafter priar to their
''~.r~ 3 ma~ur3: : ~ate or datea , a~t the principa~ amount thereof
~~crued =r.:erest thereon ~o date of t~edemption to~~th~r
~?-~~.r. a prer.~::~ ~1~ of 1X sUCh orincipal amount of ~ach
so redea: ~ f~r ~ach :~~-.~~e vear nnd for unv remai.nin~
~ .',-~=~ion of a~~ar from xhP ~at~ fixe~3 for redemption to Lhe
~'~ze~ maturit; fate~ af such b~nd.
1~0:~:~ af any suah reder..ption shall be gtven by
~ ~:~:~.:.~.~Cgt1011 ;.otice ~hert~o.* once a MECk for two (x) succ~ssive
~dar ;vFe~~ i:~ ~ tiewspape~^ of general circulation circulated
~~,.r~ Francis:~, Cal.tforn~a. :h~ notice of redempt~on shall
s~ :~'drth the ~~nd numbers a.~d princ2pal amount of ~he bonds
! De calle~ ~n~ i•ede~me~ and th~ amount of thQ pi•emium
. ,:~a~~le th~r~~ : at the dat.e t'ixed for suah redempt~lon. Similar
:~~:i~~s oha12 :e ;r~~iled aL• the sa~ time bv the City ~o the
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res~~c~ive re~ist~~red or~.ners ~f any bonds called far re--
d~~?ti~~n aC their add: enses appe~rin~ ot~ the re~ifltrati~ book
i~n ~~s o~"ftr.e of th~ Treasurer af the C1ty; provided Chat
such ma111ng shall not be a aandition pr~eeden~ ~r~ such reci~mp-
tton an~ failure to mail or recetbe ~ny such notic~r ~hall not
affect the vs~lidity af the proceeding~ f'oi• th~ redem~t~on of
such bonds. The firsti p+ublication a:f such notice af redemp~-
tion ahall be not l~s~ than ~0 nor more than 60 days pi~i~r to
~he date fixed for siich redemption. After the d$te fix~d for
sucr redemptian~ if Che City shall have duly publiahed no~lae
o~' such redemption and shall have prov~ded funds available for
th~ ~~yment of th~ principal, premium Rnd ~ccrued interest
or. t~e bonds su called f~r redemp~ion, interest on such bonds
s:~a+~ cet~se. All bonds and caupons ~urrEndered upon call for
re~nrption shall be canceled by the C'ii;y and ~hall not be reissued.
The City will keep at the office af the Treasurer
.'~ae Ci~y in Cupertina, Galifornia, at all Cimes when any of
t^e ~•ond~ shall be 4u~s~andin~, and unpaid, Uooks fnr the~
^eK~straL•lon ~nd tran;~fer of the bonds a3 herci.n providrd, and
s~:.. :"reasurer is hereby appo~nted the re~istrai• of the City
f~r 4he purpose of rap;istering the bonds .'I'he bUnds may be
re~~.ster~d as to princlpal only or r~,s to bo~h princ.ipal ancl
ir.LArest in th~ manne~~ set fartih in the re~lstration endarsem~nt
he rp~.n conta~ned pertaining to such bonda. IIond~ registered as
to ~~~h prir.c:~.~. and l.n~erest rr,ay be r~lach~r~ed from re~,istra-
tie~; and converCed into cou~on b~nds. A~7erson in whose name
a b~n~i sf~all be regiat~~^ed ~t~all b~ dee.~med ~he absolute owner
arj~, so lang t~~ the sttme ~hall t~e reg:laL•ered as ~o prxnci.pal
gnd ;inter.egt, pavmen~s of or on account of th~ princiFal and
~ntes~eRC thar~of sh~t11 bQ mr~de only to ~he re~istered o~tner.
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- Pa~ment o; the ~rir~cip~I of ~ registered bond re~ist~red as to
~ pr^~.ncSpal Qnlt• ~hall be made onZy to the r~gistered ou.~~r cf
~u~h bond, but Y~he t~~earer of a.rly coupon ~ppertg3ning Lo an
' c,az*_~egtstered band oi~ to ~ bond i~gisterc~d as to ~rinciPal only
ox~ regis~er~d to beax~r sh~l.l be ~aemed tti~ ~b~olwte oxner ~f
su~h coupon, and the beer~r of ~ny unr~~ls~ered bond ~r a bond
f,.
~ r~egi~~er~d to b~ar~r shall be dcemed thc~ a~bsolut~ awncr of
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s~s~h bond, an~ the C~ty and thr paying ag~nt, ar any co-paying
agenti , shr~ll i~e fu11y ~rn~QCted in making payment of sueh
' un~egistered b~nd or coupon to ~he bearer there~f.
In ~II, cases in whicH the privi~ege of transferr~.ng,
re~,isterin~ or ~ecnnvertin~ a bond is exerciaed, said Treaaurer
na ?:~ake a cha~.:e suffiaiPnt ta reimburse tf~e City for any
, tax, fee or at~er governmental charge required to be naid by the
::.~y in connec:ion therewith, and in aciditlon may charge a
reasanable sur. ~~r ita Qosts and expenf+ea in the reconversi~~n
c: any auch bar,~3 z~eglstered as to bo~h prinaipal ~,nd interest
- into a bond re:.istered as ~o principal only, or in~o a bond
the principal an~ interesti of which is pnyable to bearer, not
ex~r~edin~; S1 ~~r S1,000 p~~incipal amdunt ni' bands so aonverted
or such lar~er a~naunt as may b~ permitted b,y law, whiQh z~um or
su,~a~ shall be gaid by the p~rson rQquestin~ sttah tranafer,
re3is~z~r~tion or t~cnnvei•slan.
Sect:on 4. The bond3 arid the coupons attsched thereto
an3 the registration ~ncioreem~n~ to appear therebn eh~~l each
b~ substan~lallv ~n the i'o~~~axing f~rm, ~he b~.~.nks in $aid
!'ar~s ta be filled with apPx~opria~e word~ or flgure~, namPly:
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~'Po:~m of band)
UN?TED 5TA7~.S OF AMERICa
~ STAT`E OF CAL:[NORNIA
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` SANTA CLP#RA CQUNTY
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? CITX QF CU~'Et~TINO 196$ LTBRARY BC?ND
; c~u•eri~~e )
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THE CITY OF CU~ER~~kO, a mt~nicipa7. corporat:~on
; organized and existing under the Cona~itutlon and laWS of
the State of California (the "City"), hereby ackno~rl~dge~
itselS indzbted and for value r~ceived promises to pay to the
~~arei• (or if this bond be registered, to the regis~ered hald-
ar hereof) on the lst day oP Octobei•, 19 (subJect to any
ri~bL• af.prio~ redemption herein~fter in tihis bond expres~ly
r~~~o^ved,, tne rr~ncip~l sun~ of
FIVE; THOUSAND DQLLARS (35,000)
~ogeLher w3th interest thereon from tih~ date hereaf until
pay~Ant of said prinaipal sum in fu~.l, at ~he rate af
~~ercpnt ( per annum, payable annually the firaL year on
.~ctaber l; T~o9, and thereafter $emiannua.lly on Aprl~1 1 and
~ctober 1 of eKCh year. Unl~as this bond be reglstered ~s
tio prinoipal and interest, suah ~ntere~~ on or prior to maturi~y
~3~.a1Z b~ payable only on presentation and surrender oi' th~
~ r~g~r interest caupona h~reto attached as they respe~tively
~~cn~A due. ~~th ~he principal of and interes~ on thia bond
ar~ payable in lawful m~ney of the United Ststea of Am~rica
aL th~ office of the City Treasurer of the City, in Cupertino,
CaliF'~rnia, or, at the option of tihe holder, at the Sai~
~rancisoo Main Office of 8ank ot' America Natianal Trust and
Savings Agsociation, ir~ San Pranci~co, C~,ll.forhia,
~he paying a~ent of th~ City, or at the grinQipal ~~'~'ice of
tihe c~o--paying a{;ent of the Ci~y in New York, N~r~ York, or in
C hicago, Illinois.
This bond is otte of a duly authai~izc~d issue of bands
af the City ag~regating Th~-ee Hundrt~d Thouaand ~ollar~ (~3oo,ono)
iri prineipal. an~unt, a~.l of like ~enor and date (e~cept for such
v~riatlons, if any, ~s may be requ~i•~d to designate varying
r,umbers, maturi~ies, ir?ter~st rr~tes or redemption prov.~sion~)
and is i.satied under and pursuant to the Constitution and
st atut~~ of the Sta~e of Califiornia, anc~ under and pur~uRnt
zo the ordinances and proaa~dings of the ~ity duly adopted
and takan and a vote and e~saent of more than two--thirdc~ uf a11
- ttt~e qual.ifled ele~t;nrs of the Ci~y voting t~t a sp~cial eleation
~uly call~d and he].~ f'or thut purpnse .
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rorads maturins tu~ their terms on er prior to
Octiat-ier 1, ?9$l, are not ~ub~ec~ t,~ call or rec~er.~ption ~rior
~o t;i~eir f:zed m~turi~,y date8 . Ho~ds maturing ~ by ~he~r ~:erms
~ ot~ o.t' ~ift~z' Octqbel~` 1~ 39~?_ r 81'e sub~e~t to ~C811 d,std ~de~tp-
: tY~~n, at th~ apl:ion of the City, ~a p. whole, or in p~rt ~.n
i.riv~r~~~ nua~ricr~l ord~r fre~rn highcr t~ Ya~v~r, on O~tob~r l,
: 7.97'9, but no~ pc~iar tric~areto, euid on any dat@ t:~~r~atter prior
'~a theiY' fix~4~i maturit~ date or datea at ~he priraciFa~. ataount
~ th~r~eof and astrru~d ~.nterest thereon ~o dnt~ of rede~~Son
, toge~her xith u premiure? of 1/4 of 3,x or sueh principal a~ou~t
af sach ba~zs~ so redze~aad for each whale year end for ~n~? ~m~1n~
ing fraction c?f a yoar Yrnm ~he d~te fixed f~+r r~demption ~o
the f3xpd ~cat~irity date of auah bond.
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"Y~is bond n~y b~e ,registered in the n~ of the awner
h~reof in cs~r~forral~y wSth the prodiaions ~ndorsed het~eon and
unless so :^eftisterr~d r~ha.ll ba transferable by dalivary.
i. is hereby certified, rQC9~tec~ ~and declared tha~
all acts, :c:~dit~,ons and t!~inge required by laN to exi~t,
~apperi and :o be rerformed pr~cedent to and in the issuar~ae
ot th~.s b~:<~ have existed, happened and been ~erPormed in due
t1m~, for- and manner as required by larr, and that the amoun~
of thia bc:.~, ~ogethei~ with al~ ather indeb~cdness of the
~ City, d~e~ ^ot exae~d at~y limiC pres~cribed by the Constitut~.on
ar statute~ ~f said Stat~, and that provision has been made us
requir~d ~he Consti~ution a~nd a~atutes of said State for
t:he collec._~n of an annual tax suffic~ent tn pay the prin-
cip~il af an~ iciter~et on this bond r~s thc same bec~ome due.
Yne full :h and aredit of t1~e City are h~reby pledg~d
far the ~u~::ual payment of the principal ol' and interes~t on
~his bond.
"~tITN~3S WHEFtE~F, the City af Cupertino h~,e aaused
this bon4 :r be executed under it~ o£ficial seal, signed by its
Nayor ~n~ ::s Tr~a~ure r, and counter~i~ned by it~ Clerk, and
~a~ cause~ .ha in~erest caupons nttached hereto to be signeci
bv its TreLrurer, and this bond to be dated the l~t day of
'~ctober, ? : .
~lbyor o the ' y o upert no
reasurer o ~he C 1;y of Cuper ino
[8E11l.,]
~ountersirr.e,~:
~Ier`rt 'o~`-'t~F'ei:3~'y a3`~~ert no
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(Fars~ of in~erest coupon)
~ Cowpon Na. ~
Th~ C:ity o~ Cupe:~tino on th~ ln~ ~day of
x11.1 (unl~~s the within rr~;n~;ioned
bond be reg~~tered `ag to princi- , 19
: paX and int~x*e~t anc~ eub~ect ~
~ to au~y righi~ of rtor redeneption
Ch~rein ~aervad~ pay ~o th~
bearer at th~ oP'Pice of the
: T'r~meur~r vf an~d C1~y ~.n Cupertino,
° ~alifornia, r~r, at the op~iop of
. ~he hold~r, at the Se?n Franaisao
~ Main OPfice or Bank oP Ameriaa
° Nationsl Trust end 3avings Aeeocis-
tian, in San Franaisca, California,
the p~ying agent of ~he CiCy, or at
~ the principal. a~'fi~~ of, the co-
~ paying a~ent of ~he City ln New
York, NQ~o York, or C'hio,~6a, Ilitnois,
tt~e ~um sot farth hereon in lawful $
money of ~he United States of
Anerica, being 1t~terQat then due
oR i.ts 1968 Library Bond, da.ted
Jct~ber ly 1968,
No.
(CUP/1968)
rT~easurer ai`~thc C ty of uX~er~no
(~'arm of re~-i~~ration endorsement)
ihis bond is reg~atrable a~ t~ princiPal anl,y ar as
to both ~rincipal ar,~ interest. Th~s bond msy be reF;loter~ad in
~he name of th~ owner on books kept by the Treasurer of ~h~r City~
as ~o prir,cipal only, such registrntion bei.n~ noted hereon t,y ssid
9'reasurer i,n ~h` regi.straCion blank be~.ow, a!'tex• whioh no tranc~-
fer ahall bc• valid unless madQ on eaid bc~ok~ by tlie regist~rQd
own@r pr ~ttorney duly auCharized and s:lmil~rly note~d in ~he
ragls~rntS.on blank beZow, but it msy b~ ~isah~rged fram regis~ra-
tion by ~?eing tranafex~r~d to bearer, a~'tac ahich it ~hall bt~
9
, . r y ~ . , . ~ t~~'
. , ~ , „ , . „ . ~ . . M. ~
. ~ ~
~ J
~ tr~nsf~rable by d~livery, but it tnay be again registered as
, before. The registra~ion oi' this bond as te princ~.pal sha11
- not restrain the ne~otiabil3ty of the coupons by de~ivesy,
bu~ the aou~on~a tn~y be ~urrender.ed and the~ in~erest mgd~
payable only to the register~d owner, ir~ which ev~nt $aid
Traaaurer shall note in the re~gistration bl~nk below tha~
~he bond regir~tered ae to intere~t, as Nell aa principal.
At the r~quest of the register~d ar~ner, this bond, if con--
verted into a bond re~lstered as to both princlpal and ir~tere~t,
may be recanvert~td i~tu a caupon bon~ at th~ ex~ense af the
owner and suc}~ ~oupon bond may again be cc~nverted inta bond
revister~d as ca both principal and interest as hereinabave
provided. Upon reconver~cion of thi~ bond, if rep;tstereci a3
ti~ prinGipal and intere~t, into a coupon bon8, coupon~ represent-
ine th~ int~,~rent to ~ccrue hereon to date nt` rrt~turity shall be
attnched h~reto by said Treasurer and sa~d Trea~urer ~hall note
~ in thP re~istration blank belor+ whether the bond is ref~i~tered
~a to princlpal only or pAyable to bearer.
N07'~: 'I'here mu~t b~ nc~ r+riGinp, in the spacP bt'ZON except
by ~he City Treaaurer.
Name of Addresu of Si~nature of
Dgte of
Registered Regieter~d Mann~r of City
f~~~iatration Otirner Owner Regietration Treaeurer
'
; 10
~
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' , ' , ~ , ' . ~ , ~ ~ ~ , ' ~ , ~ ~ ~ , , n . , ' ,
rl ~
. . ~ . ~
~
Section 5. The Mayor of the City and the Treasurer
,
~f th~ G~ty at~e h.~r~t~y ~u~horiz~d and di~reated, reapectivelr?,
t .
as such oftia~r$, ~t~ ex~cut~ each ot' th~e bonds on behalr oi'
~ ~he City, and tt,e C3erk of the Ci~y, or ~ne or more of' his
d~putl.es, is her~by authoria:ed and directcd to cnuntersign
each of the bondB and +~o afYix ~hc~ official s~al of the City
thereto. Said Mayor and Treasurer are hereby each, re~pee-
tively, au~hnrixed to cause said bonds to be slgned by their
~rinted, .litho~raphed or en~raved facsimiXe signatures. Said
Treasurer is hereby autihori~ed and directed to sign each oT
Lhe interest coupon9 by printed, ~~,thographed or engraved
facsimile signature. The s~al 02' the City may be manually
impre~s~d upon l;he bonds or prin~ed, en~;raved or otherw~
~laced in fne~imi.~.e thereon. Such si~ning, counters~gnin~
3nu sc~nlit~~ aa h~rein pravided shall be a sufCicient ~nd
bincilnp, execution of said bonds and e~upon~ by L-he City, and
all such ~i~natures, cauntersignatures ~n~i seal, exi:~ptin~
Lhe couritersigngture o~' said Clerk or his d~puties, mny be
prin~ed, lithop,raphed or en~r~ved. In case any of auch
afficcr~ who3e sip,natures or count~rsl.~natures appear on the
bonds or c:~upuns shall cease ta be suah afficcr before ~he
ciclivez~y o1' au~h bonds to the purchaaer, ouch signature or
coun~ersi~;na~ure shall neverth~leas bA valid and sufficiQnt
tnr all purpages the same aa though they had remained in
ofi'ica until the delivr~~ry nf the t~ond~ .
SeQti~n 6. For~ the purpos~ uf E~aying th~ prin~lpal
of and interQat on th~ bonds, the Cl.ty C~uneil, of the City
ahr~ll, at the time of ma~Cin~ the q~~neraA t~x l.~vy af'ter
~ nuui~ring Ct~e bond~d ~nd~~t~dnes:~ ~ r~nd ~nnua~ly t;heraqfter
un~i1 tha bond~ r~re p~~.d o~ u:~til there iR a sum ~n Lhe
,
11
'^Pl"~i.'x.',dY~~ ~ , 4i k~ ~,,v~~'~) !,/'~,i'§l~..f'~w1~,".( : i„~r' ~,_,~~%,.,a,dr,'. , ~i~4Si,+~O i':~,at~~i4 ~i. ti'~ 1 '~"~~"~~,0'A+„~.{~~n~'•~e1~i~
y ' . , ~ `y~,;, p;,~ "sy if, ~ " ` ,r,,.` ~,~~3~, ~ ~ ~ ~ .1
~ „ . , , , , , , .
~ ~ ,
L~aaury set anart for that purpo~ce suffir,i~nt td r~et all
~ae~ments of prina4p~?1 ~.rad intez~s~ ~n th~ bonds as th+~3• beµ
c~.~re ~ue, levy ~nd aoll~ct s tax ~u~'ficient t~ pay the ~.nt~r--
on ttie b~nds and aueh part ot' th~ prineipal as ~vill beeom~
d[~? before th~ prt~cr~ed~ af a t~a l~vie~d at the nezt g~eneral
t~~: 1~v3~ wiil br avail~tble. ~uah taxea shall be levled and '
c~31ec~~d as other City ts~es ~nd $hall be in addition to
~sl~l vther tax~s and sha~ 1 bc used c~nly fo.r paymcnC of tht~ bnnds
a..~3 interest Ch~reon. :Said ~axe~ as calle~~tc~d shall be fort;i-
x`..th p~,id ~n~a Lhe fund for xhich the san~e aere levied and
~c:.lectc~d and xhich ~hall be designated "CiCy of' Cup~rtino 1966
4;2:ra~y k3ocid Intere~t and R~de~nption Fund", and alg sums to
~~p~ome due for the principal o,f and intere~t on the b~n~s shall
t~ paici from such fund. 'Z2~ere shall likewise be depa~itcd in
~ ~.d fund an~~ noneys receivecD on accnunt af any pre~-~lum ~.~a~.d
xhe bonds and intere3t accrued on the bonds from their date
the datG of uelivery and actual paytrent oi' thc~ purcth~se
~-~~.c~e thereat'. Wh~n all of the principal of ar~d l.ntert~.~st on
a~.~ i a:' the bonds h~.>,~ been p~id, a,ny balanc~ oi' mane~,y t:hen
:^ern~in~.ng sha1~1 be ~ran~fcrred to the a~neral fr~rad of the City.
Section 7. Ther~ i~ hereb,y CrPated And est~,blish~d
a.~l ~mprovement fund t4 be knawr~ as the "City ~i.' Cupert•ino 1968
).S,~r~?i•y pond Fundj" whiai~ shall b~ kept by ~he Tt•easurer af the
C'_ty and ul:l proaE~eda of ~he salQ af the bonds (exeept prem~um
ar~~ accxuecl l.nteree~ recci.trr.~d on such aale ) shall b~ plac~d by
ssi+d Tr~gsur~r to th~ ~:radit af ~aid fund and sha11 be kept
ae~araLe and distinot !°roea a21 oLher n~unicipal furtda, and shall
Ge ~~p1~ed ex~lugively tv the pui•poee and ob,~ect ~pecified in ~he
~~azzre aet forth !n S~aCl~n 2 af ~his rego~ution; pr+avl~ledr
~
• . ,
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,i,,~.1J'1~,.,, , 4' ~,r~r ~v? { r` ~Y'. ~ i, ".z . ~
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rH u., . i a N,.~n, ~r.',~ 1., , , , ~ r',a.~,.~,,,
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~
, ~~weve~r, t:~at when said a;.u-po~e t~nd ob~r~i: have bs~n accocapllahed,
~ a~ny money~ remaining in sa3d fund ehall b~ tranaferred to t;h~
~~ity of Cu~ertino 1968 LiDs~y Bnnd InGerest and fie~t~ption Fund
;
arad be u~ed for tine p~~rz~t o4" principm2 af anc~ inter~at on
"~3~ie bonds.
.~ection 8. T'~ie ~i~~ Clerk is dir++~ated to cuu~e a
~~i'i'icient ~u.~~aer ar ba~~ ~ar,~o and coupona of suit~ble
~~ality ta ue lithograpt~+edt, printed or engraved, ~?rtd to cau~e
:'ziz b~.ank s; aces Lh~reo~ ~Q b~ f~12~d in to compll~ wi~tb the
~~~c,visions ;:ereof, end to ~s•a~ure their executian by ~he
;.ropex~ af:''t~rs, and *.o ~d+~~:~rer xhrm, ah~n so axetauted, to
::e Treasu~~^ of the City w:~cs ah~tll safely ke~p the s~e until
_:a;r shali :n ~olci by t.".~ ~a:~ ~i~y Co~;~cil, rrher•rupan hr shall
~~:ivei~ t!;e- ;a Lhe purc~a~atr ar~ purcha~ers th~rrot~ ~n recelpt
:he pur: - is~~ price . .:a~~ :!Kayor~ Tre.~~urer and Cit.y ~lrrk
~:~b furthe~ au~h~riz~c3 ~irrcted ta ~,~ke, ~xecutc an~ ~~liver
each ~t~~::.~ser af tt;~ Mc~~s a aignatur~ ~nd no-li:ic~~tlon
~ :=r~ificat~ ttie for-: ~~.is~cse.$ril,y reZuirect ry pu~ct.~~ers of
r,~.::~cip~l :::,.:s, cc~rGiff2r_~ L~ the Fertu:nentgs And d~~ ~xacutlot~
snid bor ~5 and furth~^ =~r~ i."yin~; te a~.l fac~s within t~eir
~:r.7wleJge ~e.ative to t~.n~r 1St~.gat~on which ~ay ~r ~ir,~it ~rrecc
~-~e City~ s3:a offia~ra ar L!~e bond~, and said Tre~aur~r la
t^::rLt~Qr aut.".:rized nnd dir~tLrc~ ta mak~, executc and ~eliver
each pur.:;aser ni' the br~nds a receipt in th~ for~ cust~marily
:,*_~~uired b~• curch~sers of a~in~cipal bondt , evidenein~ the pay-
~n~-:~,t of the purchaue price ot tht bonds so pur~has~d, xhich
:~c+elpt ahAl: be c~nclusi~s +z~idcnae thsC said purohaac prSce
r..~.~ been pa:~ and h~n bae~ ar~ce~ved by the City. Any pur~haaer
c~ ~ubsequert taker or hr~l~er of any of ~he bandr~ is h~retry
13
~
. Y ~ ,
; , , . ,
„ , ; , „ ' . ~ ~ . , .
, . . ,
. ~ ~
;
authorizr~~ to r~ly upon and ~shall b~ ,~us~ified iln relying upon
ssuah signature and no-li~i~t~lon certlficate and upoa suah
~ '~ea~u;~~r's r~aeipt ~cith r~apect to the bon~s executed purau~t
, ~o the t~uthority of thi~ reas~lution.
Section 9. All of the ~onds ~ha11 be offered for
public gale by ~he City Ccrun~il of the City ~tt the tinie ~rtd
p~.aae d~signa~ed in thr offici~el notice ot en~e l~sreina~'ter
aet forth, and 4he Ci~~ Clerk is h~areby nutt~ori$ed and di.rec~ed
,
xn csuse notice of th~ aalc of the bonds~ to be publi~h~d ona~
in th~ CUPERTINO COURIER, a newspap~r pub19.$had in t~e City.
Such no~ice shall be sub~tantially ~n the fol.~o~o3ng ~'~rrctt. r~it:
' ~M
~
, ~
~
, .
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, , , „ 'li~~• ~
A
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UPPICTA~. NOTICE OF SALE
~3~0,000
CITY
OF CU~'lE}iTINO .196$ LYBRAFtY BQNDS
NOTICE iS T~RN.i~Y ~IVEN that se$].ec~ prapos~ls v~ill
be rec~ived by the CiG~? Counc~.l of tlz~ CYt~ o~' Cupertino
( th~ ~!ity"), ,~gri,t~a Cl~~s. Coun~y, St~tg e~SP Cmlifornia, at
the offiee o:~ the City G1erk, City ;~all, ~.03p0 Torrs A•~enue,
Cup~rtlna, 5an~a Clara. Count•y, Ca11i'ornia, on
M~NpAY, OCTOBER 7, 1968
~,t th~ haur of H~00 O~C10C1C P.M. Por the purcha8e oP ~~06,OOQ
prin~lp~Z at~ount oP bonda or the City d~,~i~,na~ed "City of
Cup~rt~na 1960 Library Honde" {he~r@1n called the "bonds"),
more partinularly d~~+crlbed below:
. ISSUE ANn s300,00q prl.ncipal amount oP bonda,
1~lfi~TA~ION: con:~isting oP 60 bonde, numbered 1 to
6U, bo~h in~lu8~ve, of the cienom~.nation
or ~5,00o eacn.
aATE. The bonds are dated Oatober 1, 1968,
MATURYTIES: The hands mature s~r~ally in conseQUt~ve
numerical order, from lowsr to higher,
as lollows:
Princip~l Maturity ~ate
~ ~imaunt (Octob~r
~ ~,ooo i969 1974
10,0~0 1975 - 1982
1fi,000 1983 - 1988
24 i000 ],989 - 1993
(~.11 years 1nQlusi.ve)
Honda maturing by tihetr t~rm..~ on oi~ ~rior to
Oatober 1~ 1981, are not sub~ea~ ~a Qall or rQdem~~lon prior
to their fixQa matur.i ty dates. f~onds m~.r.uring by thei.r tierms
on or ~fter Uebobar l, 1982, are~ sub~ec~ ~a ~all and red~mp~
tion, at the option of thc City, ae a Kho;l~, or 1n part in
inverse numerio~l order from higher ta to+,~er, on Oa~ober 1,
1979, but noE prior therato, and on ar~y ~ate theree~i'ter prior
ta ~heir fixed maturit;y date or datec~, at th~ prinoipc~l amount
ther+~nf and aocruecl interest th~reon ~o da~~ of red~mption
together wit;h a premium af 1/4 of ].x af auch prinalpal amount
~ of each bond so r~sde~rn~d for e8.ati whole year and for any remain-
ing frantion of a year from the date i'ixed far redempCion to
the !'~.xad maturity date Qf auoh band.
LNT13 ES~I' Maximum gix peraent t6~) per annum, payw
: eble annuaXly the f3rst yea.r on Datob~r
19b~, snd sem~annual].y th~reafter ~an Aprl.1 1
~nd ~o~ober 1 of each yrar. Biddars mu~~ speaii'y the raCe or
ra~~es of interaat ?+3~~ch the bonds shRll be~r. H~ddere may
.
a~
,
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: -
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~pealfy an,y number ot a~p~rate rutes of inte~st a.*±d thcs ~ame -
~ra~e ~r ra~~s m~y b~ repaa~:e~i aa often us de~ired; ~rovid~d that
~i) th~ dlfference betr~~n ~ha h~.gt;~et and iocr~at• aoupc:n re~tes
, apecii'i~cl in anq t~td ~h~?Y1 s~o~ exaaed 1-~l/?x; (i~) eaeh intereat
' ratie epecifi~d must be in a multipl~ of 1/2q of I~ gnd ~ zero
; rate of in~erc~~~ ar~ru~sat, b~ apeal!"~ed; (111) nc~ band .~t~,~?11 bear
~rorc than nne rate of ir~t±rest, no interes~ pa~~~r ahall bu ,
~ridenced by morg t-har~ orae coupon and suF~].e~e~nLax c~upur~s w1.~.1
~ot h~e permitted; (i~i) all bor~da nutit~r~,ng ~,n ~h~ sa~e year~ shall
' benr th~ sam~ ra~e of interest; (v) cach bonci ~h~ll ~ie~?r intereat
frant its d~te ~o ite a~:a~t~d s~aturity at the f.~terr.r~~ r~te
ap~a~fied in the b~,d; ~nd (vi) any premium u~ue~t paid in 5ank
fu.nd~ ~g part of the purch~se prlee, sn~t no bid aill be se~.ep~ed ~
~risich provid~s fnr ~he cnnc~ll~tion oi' sny int~reat coupon or ~
~ for the wa~iver oP ~trtiy is~terise~t or other conCas~i.on by the bidd~r
a~ s subatitute for pay~nt in fu11 of the purchaa~ price i.n
~ank funds . 91ds Knich da~ not confaz~m tu ~he ter~ of this
paragr~ph Mil.l be re~eated.
~ PA~: Both prin~aipal and inter~st ~ra payable in
lawful money of the UniCed St;~te~ oi' America
at th~ office of the Cit~ Tre~at~rer of the City, :ir~ CupQrtino,
CaliParnia, or, at thc option oi' the halder, at the San Francfsco .
!Rain Office or 8ank of As~ei~ica National TrusC a~d 5avings A~soc~.a-
tion, in Sar~ Nranelaco, S~at~ of Ca~it'orti~ia, the paying agent oi'
the City, or at the ~rinaipal of`i'tce of the co-puying agent af
the City in New York, h'sx York, or Chicago, Sllinais.
EX~CUTIDN AND Coupon bonds ~'ill be isauccl by the C1ty.
The bonds will be exec~ated by the tnanu~t~
signsture of at len~t one of~'.ic1t~1 au~hor-
Szed Co execute the bonda. The bonda ~re reg~sxi•:able as to
' princ:ipal. onl~~ or as to bot,h principal ~nd inter~sc. Rrgistered
bonds are sub~ect ~o de-rcgi~tratian and re-registratian as
provid~d ir~ the resol.utS~n authorizin~ the issuance of the bonda.
~ PURFUs~. OF' Tt~~ bottds are authnrized by ~•atie nT twa-
thirda of the qu~lified votiers voting t~~ ~
~ speci al municipel bond elect~.an fnr the
purpoae of authorizing bonds for a Gibrarv for the City nf
Cup~r~ina.
SECUFtIT'~: Th~ bonds are general abligation of the
Cixy ~.nd ~he Ctty has power and is obl~,gated
to Ievy ad valorem ~a!ce~ i'or the paymenC uf the bonds and thQ °
intereat theredn upAn ell proper~yr within the City sub~eQt to
tt~xation by the C''c•~ (~xc~pt certain p~rsonal proper~y, whiah :
~.s taxable ~t liu,:.~ed rate~ ) without limitat~ott ~f rRte or amount.
~ TAX EXEN.PT In the even~ thet priar to the~ dQlivary of
the bondn thE income reoe~ved by private
~ ~ hold~rs ~rom bot~da or ~hQ aame type and '
chara~ter t~hal]. be d~clared t~ b~ C+~xable un~er any Fedc~ral
~ income tt~x laNO, eith~r bq the t~rms of guoh laws or by ruling
of a. Federal it~come f:ex autk~ori~y or afficial which !.s f"b~~ON@d
~.6
,
~ . ~ ~ . . .
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- tr~ i~ie Ynte~rnal Re~~enus 3~rv±ce, or by decic~ion c•~' sny F~dearal
_ ~~~t, tihe succ~es~t'ut1. bl,ddea~ may, 8tc hia opt:tot~;, p~°io~~ to th~
tr~~~ ot said bonds by rt~~. Gitgt, tie r~llavecl oT hia csbligatian
u~r~er the ~nntrr~~s~, to purrh~te the bonds and f,n ~uch c~.a~e tha
d~~1t €~cac~r~~~~ring hirs bicl a1~.1 be ret~~r~r~ed.
I.~.~'~"~.L OPINIC~N: Th~a ].eg~l a~ini~an o~' l~~saa:~ro. Orrick,.
~ , ~~.rrin,gtun, :~aw~le,j? ' ~ Sut~Jlitfe, o£
3~~t Px~u~cieca, C~11 forni~P:, eppra~vin~ th~ v~~13~~i1:y~ o!' the~ bondo ,
~r~.l.l be i'urn_ish~d to ~h~e iisua~es~tul bidU~a.• ~~i1:1~t~u'~ s~h~~~~r.
~~w~~ of th~e ~.ega1 r~~inibn, ~:~~tif~.~d by 1ch~ o;P~ic1~tl 1~
~~se offi~.:e tt~e ar~.p,ina], its t`:ll~d, wa.11 be prilat~d on e~ach
ti~?d x2t;hr~ut c.iar~e to ~ki~ ~v~c.ceaa'ful Dldder.
~!'ER4K.r OF :~A'LF
. , . .
~e~t: Bid: The 1?ondn w1~.7 be.~ awarded to th~s highesC
bid3~~r, ca:na3d~r~.ng th~ 1n~•erest rate o~r
r~tAb 13pecifi~•~ and the j~re~ni~~m ~sf''f~sred, if an~. T'he hi;~hest
b:+_~d will be d~te:~n~ined b;~ d~du~:~~.ny~ ~he amoun'c cf ~he pr+cmium
b" ~(~.f any) ,f:-am the i;o~taY ~.,ui~t of intere~t whiah the City
~?~:~u1~3 be rec~?air~d to pay fr4m tt~e date of ti~e bonc~s to t?ieir
ras~et:tiv~ ;na.ttir~ty datea at t?ie coupari rate ox~ rt~tes sp~~cified
i: thrr t~td, ,nn~ ~he award will t~e made on the laa~'is of ti.tie
' 1c~~5t; r~c~t inte=est cost t~ the CiCy. Th~ pur~uhFiser r~u~aL p~,y
t ac r.:rv~:.~c~ interes 4 fram ttie ~late of the bonds tc~ the dat~: af
d:~liv~~r•~~. A~~ l.nterest oha7.1 be cQmputed on a 3G0-day ye~ar~
~ b~is. The cc: ~ of prin~ing the bond~ will be t~orn~ t~y th~ City.
~ R~~~nt,~s,f ~l'~1e Ci.ty C~unc31 r~~erves t~e right, ir~
. a;~ct:fan: its discretion, to re~ect any and mll
bids snd ~o waive any irregularity or
informality in any bid.
• Pr~am~t Award: The City Council. ~ti1]. tak~~ act~an aw,ard--
~ in~ the bonds oi• r~,}~ctinl~t al.l ~ids no~
lx.~~r thar~ 2{~ :~o;ir~ uftier the expira~ion of t~~ t.ime hereln
; p~scx•ib~d for :ne receip~ of pruposals unless s~ich tit~le of
aarar~ is tirgive~~ ;:y ~he aucce~sful bidd~r. PrompL• notic~ of
t~~ auard will 're f~iven ~o the suca~e:~i'u1 bidd~r.
D~liv~r and Uel~.very of th~ b~nds rtill be made to
~n~nt.: ~h~ success~'ul bidder at the Main Offi~e
a~' Hank ca!" Rcrr~ric~a M~tinnal Trust rind
S.=a~ir~a~ Associ.ation, San Franc~aca, CaXifarnia, ox~ at any othex~
p~l.ace tigreeable Ca both ~he aucce~sful bidcier and the CAty, ~s
~~~s~n ~ts the bo;~ds can be pr+~pare~i, xhl.c:h 1t la eatimatzd rrill
b~ r~i~:l~in 30 d~ys from the da~te of salc thereof, but t~ot prior
ta th~ date of t*,~ ~onds. Fa~ymant of the purchaae price (le~s
~t~~ ~umoun~ ot' the b~.d aheak rnention~d b~lox) mus~ ba made in
f."Gr.~zt~ immediatc~ly available to the Trt•t~surer of the City in San
I~i-~ur'ici~cr~, Cali:'~-~nia.
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,~~.t t of The su~c+~seful bidder shall have th~ righ~,
~ ~.~'T~a~ion: at riia option, to cancel th~ contract of
purcha~s~ if the C3ty sha11 fail to execut~
t~ b4nda and tendar the aaaoe for de~2lvery bih,hin ~ixty (60)
~ ~jrs 2'r~m the. date oP s~le th~x~sof,'and in ~ucty event t~~e
~~icceas~'ul hidd~r sht~ll Le en~it~ed ~o tht raturn of th~s cie--
gosi~ a~~eo~aan~r~ng hia bxd.
~ ?~~4c~e at' Hid: All bida mwrt bEr for not l~s~ than all of
th~a bond~s hereb'y oTfered for asle, and i'or
na~~ 3~tf?a than th~ par vaYu~ thereol.' and accrue~~d in~~reat to
date o1' deli verq. F.~~h bi~d, tog~ther with biilder's cheak,
uu~t bc! enc lostd in a ses~led en~relc~pe addre~s~~d to the City
~o+~ar?~i:l of th~ ~ity OP CGF3!?1"`t1t'10~, a~o the City? Clerk„ Wity Hall,
3.03~U 'Corre Avenue, Cuparttno, CaliPornia, and endoraed
"'gstic?po~al ~br ~ity of Cupertino 1q68 Library ~on@s."
;
. ,3id Check: With each btd m~.~st be sub~?itted a c~lrtified
check or cashier's cheok i'or =5m000 draNn
gn a k~ank ar ~~~ust compaay ~ransaating businesa in the Sta~e
~ ct California, ~aya'~le t~ the arder af the Treasurer of the
~ity L-o s.ecur~e the Clty from any loss resulting fz~om the failure
th~ b4dder t~ conbly rrith the terms of hi~ bid. Checks of
~ all bidd~ers (except the ~uccessful bidder) aill be returned
b;~ the City b~ -~a~.1 pramotly followin~ the sal~ dat~ above
~~~cifitsd. inCerest xill be pnid upon the deposit made by
~.~y b~.dder.
£~~'_s~at~e of Biddera ar~ r~quest~d (but nat r~quired) to
n~eres'~Zo t: supply an estimate of the tot~l r~et interest
~ cost tQ the City on the bas~.s of their re-
s~~ctive bi3~, M!~iah ~ha~l be considered as inf~rmative on~y
a:~~ nat binw•_r.._- on ~ithar the bidd~r or th~ Ci~,y.
~ i~~-Liti~atia:~: There !s no liti~ation pending concerning
~ the validi~y of the boncta, the corpurate
existence o: .::e City, or the tAtl~ of the nt'fieert~ thereof
th~1r res~~~~~ve of~'icest and the City Hill furn:ish to the
~:~c~essCul ~:'~4^ a no-.litlgation certificate c~rtii'ying to
:~:~e foi•egoin.; ~s af and at the Cime of th~ ci~livcry of the bond~.
~ft~.ctal 'I~,e City has caused an o~'flcial staLeme~~?t
t~e~te`"'~ruent: Lo be prepared, copies of whlch aill be
furnish~d upon request to th~ City C1erk
~r to SCone ! Xaungb6rg, Rus~ Building, San Franciaco, Californi~
y~s~.f~4, the Ci:y's financing consul~ants.
DAT£t?: Au~ust Xg, 1968.
WILLIAM RY~1EN
, L.y~I`ei~ o t e y a uper'~i`no'
~.a .
~ . ,r~~ ~ ~ w . ~ ~
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y
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Sectiun lU. Th~.r~ resolution ah~ll t~.ke effec~
fiyom and aY`*~r its pSSSag~ ~n~1 approi*al.
PASSED AND ADOPT~D tihis 29th dsy o~' Auguat, 1968,
by the follorring vote :
AYFiS: Caunei].~n Beaven, Fi.t~gPr~eld, Stokca~ Nnel
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NOES : 1N~ne
AB3ENT: Councilman D~apeter
t
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a~yor~'n ~ ty ot Luper~n`o
At~est:
[S~AL;~
y er o e y o uper no
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CI,ERK'S CERTTFICATE
;
, I, iiILI~7AM E. AYUER, City Clerk oP tha City af
~
~ ~Cupertino~ Ca~.iforni~, do hereby ccrtlf~,~ thmt tt~a for~!going
' irt a full, true and corr~ct copy of a r~aolution duly ~rdopted
" by ~het City Couricil ai' aasd City, at a reqular meeting of
~aid Cxty CQUncil du~y and regu].arly ~und lep~ally 1~Cld a~ the
x~ gular meeting place thereof on the 19th day of Awgust,
296~, of which meetinq ~11 of the ntembera of said City ~oun-
~il had due notice and at whieh a ma~arity ther~vt' xas present;
r,.hat at saia r.:eeting said resolution was introSuc~d ~,y Coucicil-
Fitxgeraid and re~d in ful~, and was thereupon,
~pon motion Counci~man ~'itzgerald y~GCOnded by
~ounci~.man Scoke~ adnpted by Che following vot.e:
AYES • Counci lmen ~$wtn~ Fiizg~~rald, Stokes, tioel
' tiU£S : None
1~BSENT: Couaci.lraan Danpster
?;~at I have car~ef~lly cnm~nred ~he sar~e wlth Lhe
original minut~s of said Tneeting on file and of r:~cord in my
offi~ce and that said resolutic~n is a full, tt•ue acid correct
copy of the oriqinal resolu~.tion adopted at s~id meetin~ and
entered in said minutes. T1~at said resnlution ha$ noL• t,een
amended, nodified or rQSCinded sinee tha date of its adoption
and the ~ame is now in full force and errear,.
M'I~NESS my hand and the seal. of th~ Ci.ty of i:upert~no
~h~~ w20thda~? of August, 1968.
C sE~~. ] ,
•
`~"i.~y ~ r a ~"~y o_".~.~"_'
Cupertino, C~litornia
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