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2887A-117a • WMAM:PDA:HEK:se., 6/11/79 . 10c <br /> RESOLUTION NO. 1209 <br /> A RESOLUTION OF THE CITY,.COUNCIL OF THE CITY OF THE TOWN OF <br /> LOS ALTOS HILLS AUTHORIZING PURCHASE ,OF BONDS <br /> SEWER ASSESSMENT DISTRICT NO. 9 <br /> RESOLVED, by the City Council 'of the City of the Town of Los <br /> Altos Hills, California,. that <br /> WHEREAS, this Council hasprovided for the issuance. of bonds <br /> to represent the 'unpaid assessments in proceedings conducted under <br /> and pursuant to its Resolution of Intention No. 632, adopted June. <br /> 21, 197,:1; <br /> u WHEREAS, in the opinion of this Council, the best interests <br /> of the assessment district will be served by this Council not <br /> soliciting offers for the purchase of the bonds; <br /> NOW, THEREFORE, THIS COUNCIL: HEREBY DETERMINES AND ORDERS, as <br /> follows <br /> 1. That said bonds ,in the''amount of $113 ,7-6s.00 be, and they <br /> are 'hereby, ordered. purchased by the City of the Town of Los Altos <br /> Hills fpr the par ' value thereof, said bonds to bear interest at the <br /> rate of 7% per annum. <br /> 2. That the City Treasurer is hereby directed to cause said <br /> bonds to be prepared and executed in accordance with said <br /> proceedings, and the purchase price thereof to be transferred to the,' <br /> construction fund '.for the project, and 'that said bonds be retained <br /> by the City Treasurer for the account of the City. <br /> 3'. That the City Clerk shall forward a certified copy :of <br /> this resolution to the City. Treasurer. <br /> 2.7 <br />