HomeMy WebLinkAboutRES NO 86-67~SO~ON ~0~ 86-6~
~o ~he Char~er of ~he C$~y of Bake~sfiela, and in accordance ~h
~akersfield did issue certain O[f~St=ee~ Parking ~venue tonda
~e=iea A, ~hich were duly sold~ and
~~, by said KesoluC~on
A ~ond~ ~os. A176 ~o A880~ bo~h
of ~he Co~cil and upon no~ice of said redevelops and
~BS~ by said Resolution ~he City is obliSs~ed ~o
redeem Series A bonds whenever there
F~d on any October 10~h or April 10~h in amo~cs aufficl~ ~o
redeem a~ leas~ $1~000o00 pr~ncipal amo~C~ and
~ ~he Series A Sink~g F~d =o redeem oer~a~n bonds~ and
~~S~ ~ ~$ ~he desire of ~he Soumoil ~o call fo~ ~he
~o A528~ inclusive~ on Deceder
~ T~FO~ BE
of Bakersfield~ as follows:
Tha~ said Bonds A535
redeemed on December 1~ 1967~ amd ~t ~he eroc~Cl~izen~
M~io~I Bank~ successors ~o ~he
the Fiscal ASen~ ~de~ said Resolution
upon p~en~a~ion and ~u~ende~ of ~uch b~d~ ~nd ~ ~h~
~m ~ald bonds heroinabove se~ forth ~o be ~ede~eds ~11 cease ~o
acc~e from and af~e~ December i~ 19~7o
T~ said Fiscal A~ is hereby authorized and
Perkins ~ese~e F~d, any and all s~ ~hich ~y be necees~ for
be lusuZftcien~ for the pu~eses here~bove ~e~
~hi~ (30) ~y8 prio~ to the red~ion
AYES: COUNCILMEN HEISEY, HOSKING, REE$, RUCKER, STlralN, ~"'rl'~R, WHITrEMORE
NOES: COUNCILMEN:
ABSENT COUNCILMEN:
ABSTAINING COUNCILMEN: /~77& _