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• • <br /> RESOLUTION NO. 855 <br /> RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF PAYING <br /> AGENCY AGREEMENT BETWEEN CITY OF THE TOWN OF LOS .ALTOS HILLS <br /> AND BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION <br /> RESOLVED, by the City Council of the City of the Town of Los <br /> Altos Hills, County of Santa Clara, State of California, that <br /> WHEREAS, the City Council of the City of the Town of Los Altos <br /> Hills has read and considered that certain Paying Agency Agreement <br /> between the City of the Town of Los Altos Hills and the Bank of <br /> America National Trust and Savings Association, .a national banking <br /> association, <br /> NOW, THEREFORE, IT IS HEREBY FOUND, ORDERED AND DETERMINED <br /> as follows: <br /> 1. Public interest and. convenience require the entering into <br /> of a__paying agency agreement to obtain the services of the herein <br /> named bank to actas agent and to pay and register bonds issued by <br /> the City of the Town of Los Altos Hills, and the City of the Town <br /> of Los Altos Hills hereby approves the hereinabove described Paying <br /> Agency Agreement. <br /> • <br /> 2. The City of the Town of Los Altos Hills shall enter into, <br /> and the Mayor and City Clerk of the City of the Town, of Los Altos <br /> Hills be, and they and each of them hereby is authorized and <br /> directed on behalf of said City, respectively, to execute and attest <br /> a:_.Paying Agency Agreement between the City of the Town of Los Altos <br /> Hills and Bank of America National Trust and Savings Association, <br /> a national banking association. <br /> * <br />