HomeMy WebLinkAboutCC Reso No 1965-1154
RESOLUTION NO. 1154
RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF ELSINORE, CALIFORNIA,
AWARDING $400,000 BONDS OF SAID
CITY TO THE HOUSING AND HOME
FINANCE AGENCY.
WHEREAS, at the time and place fixed for the
opening of bids for the $400,000 Water Re~enue Bonds of
the City of Elsinore, designated "CITY OF ELSINORE, 1964
WATER REVENUE BONDS,lI numbered 1 to 400, inclusi~e, no
bids were recei~ed; and
WHEREAS, pursuant to Section 54388 of the
Government Code of the State of California, if no bids
are recei~ed the City Council may sell the bonds at
private sale; and
WHEREAS, the Housing and Home Finance Agency
has submitted its bid to purchase said bonds;
NOW, THEREFORE, the City Council of the City
of Elsinore, California, DOES HEREBY RESOLVE, DETERMINE
AND ORDER as follows:
Section 1. That the bid of the Housing and Home
Finance Agency offers par and accrued interest to the date
of delivery of said bonds to bear interest payable annually
the first year and semiannually thereafter at the rate of
3-7/8% per annum for the $400,000 City of Elsinore, 1964
Water Revenue Bonds.
Section 2. That the interest rate on said bonds
is hereby fixed at the rate stated in Section 1 hereof.
\1.
Section 3. The City Treasurer is hereby directed
to deliver said bonds to the Housing and Home Finance
Agency upon paYment therefor and accrued interest to date
of delivery.
ADOPTED, SIGNED AND APPROVED this 23 day
of
Feb rua ry
, 1965.
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Elsinore, California.
ATTEST:
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Cit'i-ci~k"~f"/t~~b1t; o~l/
Elsinore, California.
(SEAL)
2.
STATE OF CALIFORNIA
COUNTY OF RIVERSIDE
CITY OF ELSINORE
l ss,
I, FLORENE MARSHALL , City Clerk
of the City of Elsinore, California, DO HEREBY
CERTIFY that the foregoing resolution was duly adopted
by the City Council of said city and was approved by the
Mayor of said city at a ------------------ regular meeting of
said City Council held on the 23 day of February
1965, and that it was so adopted as follows:
AYES:
Councilmen Stewart. Yarborouoh. Berrv. DePasquale,
Bartlett
NOES:
ABSENT :
Councilmen none
Councilmen none
(SEAL)
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Elsinore, California.