HomeMy WebLinkAboutRES NO 25-57RESOLUTION NO, 25~57
RESOLUTION OF THE F~ COUNCIL OF THE
CITY OF BAKERSFIELD
AWARDING ~ 59~,000 BONDS OF SAID
CITY TO THE BEST BIDDER AND REJECTING
ALL OTHER BIDS.
WHEREAS, at the time and place fixed for the opening
of bids for the $ 395,000
Bakersfield
Bus System Bonds, 1957
bonds of the City of
, designated Municipal
, and numbered
1
to 395 , both inclusive, all bids were publicly opened,
examined and read, and a tabulation thereof has been entered
in the minutes; and
WHEREAS, the bid of the bidder hereinafter named is
the best bid made by a responsible bidder for said bonds;
NOW, THEREFORE, the~tYe~ Council of the City of
Bakersfield , DOES HEREBY RESOLVE, DETERMINE
AND ORDER as follows:
Include
names of
all
members
of a
syndicate
Section 1o That the bid of
First Western Bank and Trust Company
offering par, accrued interest to date of delivery and a
premium of $ 20.00 for said bonds to bear interest
payable annually the first year and semiannually thereafter
at the rates of:
Rate
3
%
.....
Years
195__7 to 19el
19 to 19__
19__ to 19
19__ to
is the bid for said bonds yielding the lowest net interest
cost° Said bid is hereby accepted and the bonds awarded to
said bidder in accordance with the terms of its proposal°
Section 2'~ That all bidS, other than the. one
accepted in Section 1 hereof, are rejected and. the ~
Clerk is directed to return the checks accompanying said
rejected bids to the respective bidders°
Section 3o That the interest rate(s) on said
bonds (is) (are) hereby fixed at the rate(s) stated.in
Section i hereof°
Section 4o The City Treasurer is hereby directed
to deliver said bonds to the successful bidder upon the pay-
ment of par~ accrued interest to daze of delivery and the
premium above stated°
ADOPTED~ SIGNED AND APPROVED this 20th
May
day of
Mayor of the City of
Bakers fie ld, California
ATTEST g
Califor~la
[Add customary adoption certificate and
on copy returned to OeMelveny & Mjers
also add copy certificateo~
STATE OF CALIFORNIA )
COUNTY OF KERN )
CITY OF BAKERSFIELD )
SS$
I, MARlAN S. IRVIN, Clerk of the City of Bakersfield,
Califernia, DO HEREBY CERTIFY that the foregoing resolution
was duly adopted by the Council of said city and was approved
by the Mayor of said city at a regular meeting of said
Council held on the 20th day of May, 1957, and that it was
so adopted as follows:
AYES:
Councilmen Balfanz, Bentley, Carnakis, Collins,
Croes, Doolin, Schweitzer
NOES: Councilmen None
ABSENT: Councilmen None
California.
STATE OF CALIFORNIA )
COUNTY OF KERN )
CITY OF BAKERSFIELD )
X, MARIAN S. IRVIN, Clerk of the City of Bakers-
field, California, DO HEREBY CERTIFY that the above and
foregoing is a full, true and correct copy o~ Resolution
No. 25-57 and that the same has not been amended or
repealed.
DATED: April 20, 1957
Cali£ornia,