Resolution 05341RESOLUTION NO. 5341
SELLING CITY OE ALAMEDA OFF-STRETCT PARTUNC
REVENUE BONDSL_SERIES A.__
'LvIERPOS, the Council of the City. of Alemsda heretofore duly authorized ths
issuance of B)18.0,000 principal amount of revenue bonds o the City of' Alameda. to be
known. as "City of Alamene Off-Street Parkdmg Revenue Fonds, o" 1. AD all dated.
June I, 1956, and further duly authorized the sale of said. bonds at public Bads to
trs highest biddsr th,re,, ru and
WIEFEAS, notice of the sale of saLd bonds has been doly given in the manner
prescribed by thw resolution authorizing the sale of said bonds and. the following
bdds for said. bonds sere and are the only bids received by. said Council, to pit:
Name of Bidder
Merrill Lynch, Pierce, Fenner & Beane
Taylor and Company and Associates
Plyth & Co. Inn.
R. h. Moulton & Company
William R. Staats
J. Barth & Co.
Work & Co.
7'. 1'
and. Associates
Nbt interest
-o"- '.0 City
007,576.00
(3.40735%)
$216,609.06
(3.55563%)
$2..32,1345.50
(3.'1139/..%)
AND WHEREAS, thb bid of Merrill. Lynch, fierce, Fenner & Beane; Taylor and
Company; and Associates is the highest and best bid for said bonds, considering the
interest rate(s) specified and the premium offered,
NOV, THEREFORE, BE IT RESOLAVED by the Council of the City of Alameda, as
follows:
1. Said bid of Merrill Lynch, Pierce, Fenner & Beane; '.+(, and Company;
and. Associates for ).$380,000 par volue '1 said tondm shall be and is hereby arcepted,
and the Treasurer of the City of Alameda. and Bank of America National Trumt and
Savirgs Association, San Franniscod California, am Fiscal. Agent, are and each. of ,
them is hereby authorized and directed. to deliver said bords to said purchaser
thereof upon bmyment to said Treasurer of the purchame price, to wit: Said. par
value thereof and a premium of U0.00 together with accrued interest at the follow-
i(g raters):
Bond Numbers Interest 6.1:7
inclusive) Per Annum__
4%
7'_ A 354 3.40 %
A 355 - A 6: 3-1/4%
Bald bonds shall bear interest at the said. rate(s) hereinabove set forth, beyable
semi-annually on. June 1 and December 1. in each year.
2. That all bids except the bid of Merrill Lynch, Piwrce, Fenner et; Beane;
Taylor and. Company; 6. 1: Associates are hereby rejected, and the City Clerk is hereby
ordered and directed to return the unsuccessful bidders thoir several checks aceom-
panylmg their respective bins.
3. The City Clwrk is directed to cause. to be lithographed, printed er
engraved a sufficient number of blank bonds and coupons of sudtable duality, said
tends and coupons to show on their face that the same bear interest at the ,t' (s,
aforesaid,
RESOLVED, FUR:fall, that this resolution shall take effect from spa after
its passage and approvl.
PASSED AND ADOPTED thds 15th day of May, 1956, b7 the following vote:
AYES: Councilmen Baez, Hove, McCall, Mbresi and President
Kranelly, (5).
CA)
.Z4:0
NOES:
None
ABSENT: None,
ATTBST;
SHIRLEY H. ENNIFR
City. Clerk.
R. 7. WILY
Mayor of tha City of Alameda,
California
Presented to and approved. by me this 16th day of Kay, 1956
RE P. KRAKELLY
Mayor of. the City of Alameda,
CLERK'S CERTIFICATE
I, SHI'llaff E. TEILNIER, City Clerk of the CITY OF AL11E11, California,
do hereby certify that the foregoing is a full, true and correct copy of a
resoluticn duly ad.opted at a regular meeting of the Council of said City duly
and iregularly held at the regular meeting place thereof cn the 15th day of Mby,
1956, of which meeting all of the megbers of said Council had due notice and at
which a majority thereof was present; that at said meeting said resolution. wbs
introdubed by Councilman McCall and re'a in full, and was thereupon, upon motion
of Councilman McCall, seconded by Councilman Has, adopted by the following vote:
AYES: Councilmen Haag, Hoye, MbCall, Moresi and President
Kranelly, (5).
NEE S: Kohe.
ABSENT: Nbne.
That I havb carefully compared the same with. the original minutes of
saib, meeting on fiTh and of record my office and. that said resolution is •
entered of record in the minute book of said Council and that said resolution
is a full, true and corrbet copy of the original resolution adopted. at said
meeting and entered in said minutes. That said. resolution has not been amended,
modified or rescinded since the date of its adoption. and the same is nhw lb full'
force and effect.
Mby, 1956.
WITNESS my hbnd and the seal of said City of Alameda, this 16th day of
SHIRIEY H. TEHNIER
City Clerk of the City of' Alameda.
hereby. certify that thb foregoing is a. full, true anti correct copy of
Resolution No. 5341, "SELLIJNO CITY OF ALAMETA. OFF-STREEI PARKING REVENUE BONDS,
SERIES
13', introduced and adopted by the Council on the 15th day of May, 1956.
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City Clricitif the City of t1 1*
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