HomeMy WebLinkAbout2597_CCv0001.pdf REWLUTION NO, , z 97,
RESOLUTION OF THE CnwY COUCIL OF
E CITY OF RE * CALIPORNIA4
AMEND1140 "SOLUTION NO. 25M OF SAID
ITS COUNCIL m I m "RESOLUTION
THE CITY COUNCIL ° THE CITY Off'
PXD-
LANDSO CALIFORNIA, AUTHORIZING
ISSUANCE OF 0.,::)00,00, 0 WATER REIMNUE
OF SAID CITY AND PROVIDING THE
TERMS AND CONDITIONS FOR THE ISSUANCE
OF SAID BOND ."
WHEREAS, :his City Council on Karoh , 1967*
did duly adopt Resolution No. 2588 entitled "Resolu-
tion
Resol -tion of the City council of the City o2 Redlands,
California, Authorizing the Issuance of 41,1500,000'
Water Revenue Bonds of Said City and ProvIding
the Terms and Conditions for the Issuance of Said
Boada"* and
SEAS, it is provided In s resolution
that interest on the bonds described therein shall be
payable sere. unll and
"' ,o Season 6 of said resolution states
the dates on s i Interest is to be paid a "the First
days of August and February, f each year;" and
WHEMASO the dates on which said interest ..s to
be payable are, the first dais of Wtober and April of each
year;
NOW., THEREFORE,, the City Council of the City
f Redlands,,. Callromia, DOES HEREBY, "IND„ $ DETERMINE
AND ORDER as follows:
Section . That Section 6 of said Resolution
No. 2588 be and hereby is amended to read as follows:
Section 6. Interest . Said bonds shall
bear ii � a rate or rates to be here-
after rixed by resoLAtion or resolutions, but
not to exceed sig per cent (6%) per annum ,
payable irmu'al y on the 1st days o
and April of each dear. Each bond shall Via,
intere_: until the principal sum thereof haa
been provided,, however., that it at the
maturi .,, :-:ate of any bond, or If the same is
redeemable has been duly called
tion, fands are available for the payment or
redemption thereof n Full accordance with the
terms of this resolutlon, said bonds shall then
cease to bear interest. Said bonds and the
interest thereon shall be payablein lawful
money of the United d States of' America at the main
office of BaAk of AmericaNational Trust and
Savings Assoeiation, in Los kap tiles, California,
or Sax Francisco, California r collectible
through, any of its branches In California) or,,
at the optionof the holder, at the office of
the City Treasurer, or at any paying agent of
the City In Laic ,o, Illinois, or In Now York,
New York."
ADOPTEDO SIGNED AND APPROVEDthis 18th day of
April'o, 196,f.
kayor of th-e- of
California
Redia: . . . .., '.
STATE OF CALIFORNIA
COUNTY OF SAN BERNAR,DINO ss .
CITY OF REDLAND
I, FEGGY A. M0SFtLXX , City Clerk
of the City OT Rl � , California, DO
HEREBY CERTIFY that e foregoing r�esolufion was duly
adopted by 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 t e �'t a .� day of
Anj!11 19LZ-, and that it was so adopted
as follows :
AYES: Councilmen Hartzell, Cummings, DeMirjyn,
Mayor Burroughs
NOES : Councilmen None
ABSENT: Councilmen Martinez
ity Clark of the City o
(SEAL) midlands, California
STATE OF CALIFORNIA
COUNTY OF _SANAna ss .
CITY OF HSS
I, City Clerk
of the City of California, DO
HEREBY CERTIFY that the above and foregoing is a full,
true and correct copy of Resolution No . 2597 ,
and that the same has not been amended or repealed .
DATED; April 18 , 19 ,4.
City Clerk of the y o
. ..�._ Redlal-ids$ Califor,-,)a.