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489 <br /> <br />C' <br /> <br /> NOW, THEREFORE, the City Council of the City of Santa Ana, California, <br /> HEREBY RESOLVE, DETERMINE AND ORDER as follows: <br /> <br /> Sectic~ 1. That the bid of Blyth & Co., Inc., and Associates offering: <br /> <br /> $,, 3¢ 0OO¢O0O.00 (Par) <br /> $ 1~ 680.00 Premium, <br /> <br /> and accrued interest to date of delivery for bonds bearing interest payable <br /> annually the first year and semiannually thereafter at the rates of: <br /> <br /> Rates Years <br /> 4 3/~% 196~ to 1971 <br /> <br /> 3 1/4% 1973 to 1977 <br /> 3.30~ 1978 to 1980 <br /> <br /> 3.6~ 1992 ....... <br /> <br />is the bid for said bonds yielding the lowest net interest cost. Said bid is here- <br />by accepted and the bonds awarded to said bidder in accordance with the terms of <br />its proposal. <br /> <br /> Section1 2. That all bids other than the one accepted in Section 1 hereof <br />are rejected and the Clerk of the Council is directed to return the checks accompa- <br />nying said rejected bids to the respective bidders. <br /> <br /> Sectic~ 3. That the interest rates On said bonds are hereby fixed <br /> <br />at the rate s stated in Section 1 hereof. <br /> <br /> Section ~. The City Treasurer is hereby directed to deliver said bonds <br />to the successful bidder upon the payment therefor and accrued interest to date of <br />delivery, if any. <br /> <br /> ADOPTED, SIGNED AND APPROVED this 12th day of Jkme, 1962. <br /> <br />A. Allen Hall <br /> <br />M~yor of the City of <br />Santa Ana, California <br /> <br />ATTEST: <br /> <br />Marion Suttner <br /> <br />Clerk of the Council of the City <br />of Santa Ana, California <br /> <br />(SEAL) <br /> <br />STATE OF CALIFORNIA) <br />COUNTY OF ORANGE ) SS <br />CITY OF SANTA AM ) <br /> <br /> I, MARION SU'I'I'NER, Clerk of the Council of the City of Santa Ana, Califol <br />nia, DO H]~qEBY CERTIF~ that the foregoing Resolution was duly adopted by the City <br />Council of said City and was approved by the Mayor of said City at an adjourned <br />regular meeting of said City Council held on the 12th day of June, 1962, and it was <br /> <br />so adopted as follows: <br /> <br /> AYES: Councilmen <br /> <br />Royal E. Hubbard, Dale H. Hein~y, <br />Bob Brewer, A. A. Hall <br /> <br />NOES: Councilmen None <br /> <br />ABSEIN~: Councilmen Henry H. Schlueter <br /> <br />(sm5) <br /> <br />Marion Suttner <br /> <br />Clerk of the Council of the City of <br /> Santa Ana, California <br /> <br /> <br />