JUL 1950 TO MAY 1954 - Laserfiche WebLink

to become due for the principal of and interest on said bonds shall be paid from such fund. There shall likewise be deposited in said furd any moneys received on account of interest accrued on said bords, from their date to the date of delivery ard actual payment of the purchase price thereof. 215 Section 7. There is hereby created and established one furd which shall be kept by the Treasurer of the Town of Pleasanton, into which shall be deposited the proceeds of the sale of the bonds, as follows: (a� "Municipal Water Works 1953 Construction Fund, Proposition A by which a record shall be kept of the disbursement of the proceeds of the sale of $115,000.00 principal amount of said Town of Pleasanton 1953 Improvemert Bonds (other than accrued interest received on the sale of said bords), and such proceeds shall be applied solely to the pufposes and objects specified in Proposition A (Municipal ''later "forks Construc- tion) set forth in Section 2 of this resolution. Any premium received upon the sale of the bonds of said issue shall be apportioned to the described above under subparagraph (a) of this Sectior 7 of the Town of Pleasanton. C Section 3. The City Clerk is directed to cause a sufficiert rumber of blank bonds and coupons of suitable quality to be lithographed prirted or engraved, and to cause the blank spaces thereof to be filled in to comply with the provisions hereof, and to procure their execution by the proper officers, and to deliver them, v.hen so executed, to the Treasurer of the Town of Pleasanton who shall safer% deep the same until they shall be sold by the said Cite Council; whe c°eupon he shall deliver them to the purchaser or purchasers thereof, or receipt of the purchase price. Said Payor, Treasurer and Citv Clerk are further authorized and directed to make, execute and deliver to the purchaser ofusaid bonds a signature and no-litigation certificate in the form usually required by purchasers of municipal bonds generally, certifying to the genuineness and due execution of said bonds and further certifying to all facts within their knowledge relative to ary litigation which may or might effect said City, said officers or said bonds, and said Treasurer is further authorized and directed to make, execute and deliver to the purchaser of said bonds a Treasurer's receipt in the form usually recuired b-- purchasers of munic- ipal bords, evidencing the payment of the purchase price of said bords, which receipt shall be corclusive evidence that said purchase price has been paid and has beer received by said Town. Any purchaser or subse- quent taker or holder of said bonds is hereby authorized to rely upon and shall be justified in relying upon any such signature and no-litiga- tion certificate or Treasurer's receipt with respect to said bonds exe- cuted pursuart to the authority of this Resolution. Section 9. All of said bonds shall be offered for public sale by the City Council of the Town of Pleasanton on the 24th day of August 1953, and the City Clerk is herebY authorized and directed to cause notice of the sale of said bonds to be published once in THE PLEASAIYION llMLE, the official .al rewspaper of said To n, and such notice shall be substantially in the follo irg form, to wit: 1 1 OFFICIAL INO'1ICE OF SAT. TO.J P. Oil' PI FASA7'fI ON 1953 IMPROVE :E OEDS NOIICE IS HLRE2Y GIVEN that sealed proposals will be received by the Cit Council of the To n of Pleasanton, State of California, at the office of the City Clerk, in the City Hall, Town of Pleasanton, Alameda County, California, on August 24th 1953, at the hour of eight (8) o'clock, P.P.. TP.S.TT for the purchase of $115,000.00 princi- pal amount of bonds of said Towr desigrated "'1won of Pleasanton 1953 Improvement Bonds," more particularly described below. ISSUE: ;115,000.00 consisting of 115 bonds, numbered 1 to 115, both inclusive, of the denomination of $1;000.00 each, all dated July 15, 195 itaTTI Said bords shall mature and be pa in corsecutive numerical order, from lower to higher, as folio to -wit: $3,000 principal amount of such bonds shall mature and be payable' on the 15th day of July in each of the years from 1954 to 1958, bo lh inclusive. $4,000 principal amount of such bonds shall mature and be payable or. the 15th day of July in each of the years from