HomeMy WebLinkAboutRES NO 27-64 RESOLUTION NO. '27-64 '
'RESOLUTION OF THE COUNCIL OF 'THE, CITY OF
BAKERSFIElD CALLING FOR THE REDEMPTION
SERIES A OFF-STREET REVENUE BONDS NOS. 'A644'
TO A641, INCLUSIVE, 'AND NOS. A640 TO A627,
INCLUSIVE; FOR PUBLICATION OF NOTICE 'OF·
N
.REDEMPTION 'OF SAID .BONDS', AND AUTHORIZI G
-THE FISCAL AGENT TO ~REDEEM SAiD BONDS... ,
WHEREAS, pursuant to 'R~.solution No. 75-55' of the CoUncil
of the .city of' Bakersfield, 'ad0pt, ed NoVember 14, 195'5, and pursuant
to the Charter'. of the City of Bakersfield,..and in accordance/with
the Constitution and laws of the Sta.te'of .California,-,'the City of
Bakersfield did' issue certain Off~Street Parking Revenue Bond~
Series A, which were duly ,sold', and
. .. WHEREAS, by said Resolution it is specified that Series
A Bonds Nos. A176 to A880, both inClUsive, are redeemable only in
reverse-numerical order from' high to lower upon the determination
of the Council and upon notice of said redemption, and
WHEREAS, it is the desire of the Council/to.'eall'for the
~·redemption of Series A Off-Street Parking Revenue.. Bonds Nos. A644
to A641, inclusive, and Nos. A646 'to A627, inclusiVe'~' 'oh'June 1, 1964.
...' ~,'-·NOW, THEREFORE,,= BElT RESOLVED by the Council ~fl..the City
of'Bakersfield, as follows: ... '
That said Bonds A 644 to A641, inclusive, and A640 to'
A627,. inclusive, shall be redeemed 'on June 1, .1964, ·and. that the
Crocker-Anglo National Bank, .successors to the Anglo,Californi, a.'
National+Bank, the Fiscal ·Agent".under'said ResolUtion N0~ 75-55,
be and it is hereby authorized .and' 'directed to redeem. said .bonds
according to the terms of Said -bonds, . and" of, ~'ai·,d Resolution, at
...... ~the r e demp ti on'- -p r i c e-~ of-~ one~ ~hun ~[r-e d-' -'t-h~ee~p erc-e-n.~t,--(~l:03%)-'--~,f-!--t-hei
principal amount, upon presentation and surrender-of 'suCh bonds,
and that 'the interest on Said bonds' her.~i~iabove set forth to be
redeemed,' shall cease to accrue7 from .and 'after June '1, 1964.'
That .said Fiscal Agent is hereby authori. Zed and directed
to transfer into the Series A Sinking Fund from the Off-Street
Parking Reserve Fund, any and all sums which may be necessary for
the redempt.ion of said bonds, should-said Series A .Sinking-Fund
be insufficient for the purposes hereinabove set forth.
BE IT FURTHER RESOLVED that the Clerk is hereby directed
to publish Notice' of Redemption twice in The Baker~field Calffornian,
a daily newspaper of general CircUlation published in the City of
Bakersfield, ICalifornia, once a week for two successive weeks, the
first publication to 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 original purchaser. ~f each' series of
Bonds issued under said Resolution No. 75-55, and also the respecti've
registered owners of any bonds designated for redemption at their
addresses appearing on the bond registration books, at least
thirty (30)'I days prior to the r~demption date
o0o
·
"I HEREBY CERTIFY that the' foregoing ResolutiOn was
passed and adopted by the Council of the· City of Bakersfield at a
regular meeting· thereof held on the 27th day of April,. 19'64, by
the following vote: :. · :
CI~ERK and Ex-O~ficio Clerk of the
CounCil of. 'the City. of Bakersfield.
APPR~~.~Z !~·7th day of April,' 1964.
e i ~~ 'ake-rsfie ld., o B
,