HomeMy WebLinkAbout1966-11-01; City Council; Resolution 1331>I a a
6/65-1
RESOLUTION NO, 1331
RESOLUTION OF THE CXTY COUNCIL OF TIlE CITY OF CARLSBAD CALIFORNIA
G THE CITY CLERK !!O PUBLISH NVITING SEALED PROF0 BONDS OF SAXD CITY FQR $295
WHEREAS, an ordinance providing for the issuance
of bonds of the City of
the amount of $
Carlsbad
to be designa
BONDS ''
has been introduced; and
WHEREAS, it is desirable t
ORE, the City Cwncil of the City of
Carlsbad
AND OFUIER as follows2
Section I, That sald bo
sealed bids or proposals for the
ved up to the time stated 1
Section 2. That the
authorized and directed to pub1
the CARLSBAD JOURNAL
of general circulat
tion to be at least
bids.
NOTICE IWITING BIDS ON $ 295,000 GENJBAJ; OBLIGATTOR BONI)S OF THE CITY OF CARLSBAD CALIFORNU
NOTICE IS HEREBY GIVEN that sealed proposals for
the purchase of $295,000
bonds of the
par value general obligation
CITY OF CARLSBAD
will be received by the City Council of said city at the
nd up to the time below s
TTm: Tuesday, December 6, 1966
PLACE: Council ChambErs,
1:OO o'clock, P.M.
City Hall 2960 Pi0 pic0 Drive Carlsbad, California
MAILED BIDS: Mailed bids should be addressed to:
Miss Margaret E. Adams
Clty Clerk 2960 Pi0 Pic0 Drive Carlsbad, California OPENING OF BIDS: The bids will be opened at the
meeting of said City Council to be held December 6 > 1966,
at 7:oo olclock P.M. at the City Hall of said city.
ISSUE; $ 295,000 designated "1966 LIBRARY
BOMDS
consisting of 59 bondsJ numbered 1 to 59 both
inclusive., of the denomination of $5,000 each, dated
MATURXTTES: The bonds will mature fn consecutive
numerical order on 3anuary 1 in the amounts for each of
khe several years as follows:
Principal Years, Amount Inc 1 us ive
$ 5,000 10,000
15,000 20,000 25,000
IHTEREST: The bonds shall bear %raterPest at a rate or
rates to be f-ed upon the sale thereof but not to exoeed
per amurn, payable annually the first year and semiannually there-
6 $
after.
PAYMENT: Said bond's ayrd,the interest thereon. will be
payable in lawful money of the United States of America a4; the
office of the City Treasurer of the City of Carlsbad, California,
in said city, or, at the
paying agent of the city
Illinois, or in New Pork,
option of the holder thereof, at any
in Los Angelex, California, Chicago,
PURPOSE OF ISSUE: The bonds
$295,000 for the acquisition and constr
tute an authorized
ibrary building in the City of Carls an
election held January 18 , 196 c_ 6 .
SECURITY; Said bonds are issued pursuant to Arti@le 1,
Chapter ke, Division 4, Title 4 (Section 43600 e% seq,) of the
Ckovemment Code of the Stake of Calffomia, sometimes known as
the Municipal Bond Act of lgOl, For the purpose of pay%ng the
of and interest on safd bondsB said Ace requflaes that
the CI%y @ounc%l ahall at the time of fixing the general tax
nually thereafter unt
w the %reas
and eolleC2ted 86 other cfty taxes,
be borne by the cfty,
in its disuretion, to re3
Enformality in any bid.
117 Winston Street, Los AngeZes,
Treasurer.
.
&Vo L2/64-7 0
may disaffirm and wfthdraw the propos
received by private holders from bo
kaaracter shall be declared to be
sent federal fncome tax laws, e
Internal Revenue Servfce or by a decision of any federal
~OP;LT~~ or shall be! declared taxable
Federal income tax law enacted subs
this notiGeo
Legal OpfnSono, The unqu
& Myers, attorneys, approvfng the
be furnish coessful bi
ds, ab the ex
rtified by an
facsimile aigmture will be prfn
No charge will be made to the paxrc
cestef%eat%on.
1% fUP&%fSh the
Miss Margaret E. Adam J. B, Hanauer & Co. City Clerk or 9300 Wilshire Blvd.
2960 Pi0 Pic0 Drive Beverly Hills, Ca Carlsbad, California
GaCVEH by order of the City @sun
9 Car lsb ad
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