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Last modified
7/20/2016 4:45:51 PM
Creation date
7/20/2016 4:45:23 PM
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Resolutions
Number
511
Date
1969-02-17
Description
Fixing Date of Bonds and Directing Publication of Official Notice Inviting Bids for Purchase of Bonds, Sewer Assessment District No. 2, Town of Los Altos Hills, Santa Clara County, California
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• <br /> OFFICIAL NOTICE INVITING BIDS FOR THE PURCHASE <br /> OF BONDS OF THE TOWN OF LOS ALTOS HILLS, COUNTY <br /> OF SANTA CLARA, STATE OF CALIFORNIA, FOR SEWER <br /> ASSESSMENT DISTRICT NO. 2 UNDER THE PROVISIONS <br /> OF THE MUNICIPAL IMPROVEMENT ACT OF 1913 AND <br /> THE IMPROVEMENT BOND ACT OF 1915. <br /> • <br /> NOTICE IS HEREBY GIVEN that sealed proposals will be received <br /> by the City Clerk of the Town of Los Altos Hills, Santa Clara <br /> County, California, at the hour of 3:00 P.M. on the, 3rd day of <br /> March, 1969, for the purchase of $49,237.50 principal amount of <br /> bonds for Sewer Assessment District No. 2. Said bids will be <br /> publicly opened, examined and declared at said time and place. <br /> These bonds are authorized to be issued and the assessments <br /> are authorized to be levied, under the provisions of Resolution <br /> of Intention No. 413 adopted on the 20th day of November, 1967, <br /> as later amended, and proceedings subsequent thereto. The <br /> Resolution of Intention, as amended, provides with relation to <br /> said bonds as follows: <br /> Notice is hereby given that serial bonds to represent the <br /> unpaid assessments, and bear interest at the rate of not to exceed <br /> six per cent (6%) per annum, will be issued here-under in the <br /> manner provided in the Improvement Bond Act of 1915, Division 10 <br /> of the Streets and Highways Code, the last installment of which <br /> bonds shall mature not to exceed fourteen (14) years from the <br /> second day of July next succeeding ten (10) months from their <br /> date. <br /> MATURITIES AND AMOUNTS: Said bonds will be in the total <br /> amount of $49,237.50. All bidders, by submission of a bid, <br /> agree to purchase the total amount of bonds to be issued. <br />
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