HomeMy WebLinkAboutRES NO 30-59 ' ' RESOLUTION' .N0 o ' '30159
RESOLUTION 0F_ THE COUNCIL OF THE-CITY OF BAKERS-
FIEED '..CALLING FOR THE REDEMPTION OF -SERIES A~ 0FF-
STREET' .PARKING REVENUE .. BONDS NOS.' A804."T0 A79!, '
INCLUSIVE; FOR PUBLICATION_OF .NOTICE-0F REDEMPTION
· 0F SAID BONDS. AND AUTHORIZING THE.FISCAL AGENT T0
REDEEM SAID BONDS.
_ EREAS,+ 'pursuant to =Resotut~ion' No~. '75-55. of' .the' Council of
the City,of Bakersfield, adopted NOvember 14,.~.1955, 'and pursuant
the Ohart'e'r'~f the ·City of Bakersfield·~ and+ i.~'accorda~ce W]/'th
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constitution. and laws of the State of'.Cali~ornia, the Oi~.y of Bakers~
field. did issue· certain 'Off-Street Parking. Revenue .Bonds Series A,'
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Which'we~ duly SOld, and . '-- "~'~
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-'WHEREAS,. by said Resolution. it .:is specified that Series A
Bonds' Nos' A176 to A880, both:. inclusive,- are' redeemable only in
reverbeI numerical order from high:to lower up0n..+.~t%~ de~ermination of
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..the C'0uncil .'and upon notice of said redemptioh,'~nd ' --
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WHEREAS,'' i~ is the'~desire:of 'the 'COuncil t0' call/for- the
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redemption .of s.eri~s A Off-Street parking. RevenUe BOnds Nos~ A80~'
to A791, inclusive, 'on ~june 1, 1959'~ : .... ' '
N0~,..THEREFORE~ BE IT RESOLVED by the Council"of .the-Oi~y
of Bakersfield.,l as-foIlows: ..
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-That said BOnds A804 to A791,~ inclusive.- sh&ll be redeemed
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on June 'i. 195.9. and that the Crocker-Anglo~I NationaI Ba'~nk,..suoces-
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sops t®-the Anglo-California National'Bank~ the Pisca+t ~Agent under.
-Said Resolution N0.75-55. be and' it ie. hereby authorized and directed
.'to redeem Said bon'ds according.-to. th~ terms ~'of ·.Said bon'ds,' and. of
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Said ResOlution. at the redemption price of one ,hundred three and
.fifty one-hundredths 'percent (103, 6%) of.+ their principal amount,
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upon presentation and surrender of such bonds; and tha_t' the. interest
dii;~t'd~b~n~a~'~ii~'~'~'~' set '}U~ to be~.~edeemed, .,Shall cease
accrue from ~and ~afte~ June 1.. 1959..~, ' """
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That' said Fi'seal Agent fS hereby .authoriZed and directed
· .'~ tO transfer '~tnto .the Series A-Sinking Fund.'f~0m '~he-'Off.~S.~reet
Parking Reserve Fund, any sad all sums 'whiCi~-may be ":mecsssary for
the redemption of said bonds, s~oUld Sai'd Series A'.Slnking Fund be
.... .'insUf£ielen~ f~r-the purposes hereihabove' .Set ..forth," .... ·
BE IT FURTHER *RESOLVED that ..$he Clerk 'is h~reby directed. to
publish NotiCe of Redemption tWice~ i~ THe ~ak~rsfield Californian,
a dailyj~neWspaper~o£ general circulation published.· in-tHe City Of
Bakers:field,"'Oalifornia, once a week~ fo~ ~w6.'sUc.c~ssive Weeks, the-
-first publieatiOn'.~to be not less 'th~h thirty.'(!S0)~ dayS'. prior to ~he
redempti~nldate, and ~hat a similar. notice be also mailed~ to ..the
FisC~i AgentS, tO the original-purchaserS. of each serieS_. Ot Bonds tssned
under said. Resolution No, 7.5-~,. and also the~ respective regfSte~ed
-owners 'o£ .any bonds designated for: ~e~demption' at their ad~Pesses
' aPPea~ing" en the bond registration bo0ks,".a t'~ ~leas:t~ :t. hir. ty . ( 30 ) ~days
the :redemption date,
· - . 'I.:EEREBY CERTIFY that. the.'f0reg0ing. Resolu}i0'n.':was passed and
adopted by the CounCil of the..City of'Baker's£ield at ars. gular meeting
the~e of ' held'.' on the 20th day of 'April, "19~9~ by 'the folllowing vote:·
:Ci~Cle~k .and Ex-0fficio Clerk of the
Coundil of .'the"'Ctty of Bakersfield,