HomeMy WebLinkAboutRES NO 28-58 RESOLUTION.. NO. 2S-5S
EESOL~P~ION OF THE COUNCIL OF THE CITY OF
BAKER~FIELD OALL.'~.~G FOR. THE. REDEMPTION OF
SERIES A 0FF-s T A KTNG nEVENUE BONDS
NOB. A836. ASZS,'V:r Cr.USIVE FOR BLICAT ON
OF NOTIOE OF: '~.DEMPTION OF SAID BONDS, .AND
AUTHORIZING THE FI:SOAL AGENT TO REDEEM SAID
BONDS.
· W~.~, pursuant, to Resolution No. 75-55 of the Council of
the City ef Bakersfield, adopted November 14, 1955, and pursuant to
the Charter of the Oity,~of Bakersfield, and in accordance with the
Constitution and laws of the State of California, the City of Bakers-
field did issue certain Off-Street Parkin~ Revenue Bonds Series A,
wMch were duly sold, and
~~S, by said 'Resolution it Is specified t~t Series A
Bonds NoB. A176 to A880, both inclusive, are redeemable only in
reverse m~erical order from Mgh to lower upon the detomtnatlon of
the Co~cil and npon notice of said redemption, and
,. ~3, it is ~he desire of the Co~cil to cell for the.
redemption of Series A Off-Street Parktn~ Revenue Bonds Nos. A836
to iSS3, incl~sive, ~ J~e. 1, 19~8-
NOW. T~O~, BE IT ~SOL~ b~ the Co~cil of the Cit~
of Bakersfield, as fellows:
Tha~ said Bonds A836 to A823, inclusive, shall be ~edoemed
on J~e 1, 19~8, and that the ~C~ocker-Anglo National Ba~, successors
to the ~lo-Califor~a National B~k, the Fiscal Agent ~der said
Resolution No. 7~-~=, be and it Is hereby authorized and directed
to redeem said bonds accer~ to the terms of said Bonds, and of
said Resolution, a~ the redemption price of one h~ed t~ee and
fi:ft7~ one h~edths percent -( t0~. ~0~) of their prineipat--~o~t, ' -
upon presentation and s~rende~. of such Bonds, and that the interest
on said Bonds heroinabove set forth to be redeemed, shall cease to
accrue f~om ~d after J~e 1, 19~8.
That said F~scal A~ont;is hereby authorized and directed
to transfer into ~he Bories A 8inking Fund from the Off-Street
Parking Reserve Fund, any andl a!l sums which may be necessary for
the redemption of said Bonds, should said Series A Sinking Fund be
insufficient for the pmrposes heroinabove set forth'
BE IT F~RTHER RESOLVED that the Clerk is hereby directed
to publish Notice' ef Redempt.ien twice in The Bakersfield Californian,
a daily newspaper ef .general clreulation published in the City of
Bakersfield, California,..ence a!-week for two successive weeks, the
first publication te be.not less than thirty (30} days prior to the
redemption date, and that a similar notice be also mailed to the
Fiscal Agent, to the 'S~ginal purchaser of each series of Bonds issued
under said Resolution No. 75-55, and also the respective registered
ewners of any Bonds designated for redemption at their addresses
appearing en the Bond registration books, at least thirty (30) days
prior to the redemption date.
· --' .... o0o .......
· l HEREBY CERTIFY that ~he foregoing Resolution was passed
and adopted by the Cottucil of the City of Bakersfield at a regular
meeting thereof held on the 21st day of April, 1958, byethe follow-
ing vote:
AYES: BALFANZ, BENTLEY, CARI'~.!~IS, COLL!NS,
NOES: '~lrt~ '
AFFR0~"~-this 21st of April, 1958
~ ~ · ~l~ ~ ~ ·
· HAYOR cf the City of Bakersfield.
_~- -...
e
Council of the City._.of_..Bak~er-~field.