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Last modified
7/17/2007 9:10:08 AM
Creation date
4/25/2005 11:54:27 AM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
6569
Resolution Title
Accepting bid on sale of $1,600,000 General Obligation Improvement Bonds, Series 9 providing for their issuance and levying a tax for the payment thereof
Resolution Date Passed
10/31/1977
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<br />4. The bonds of said issue maturing in the years <br />and bearing the serial numbers set forth below shall bear <br />interest, payable November 1, 1978 and semiannually there- <br />after on May 1 and November 1 of each year, at the respec- <br />tive rates per annum set opposite said maturity years and <br />serial numbers: <br /> <br />Maturity Years <br />1979 <br />1'80 <br />1981 <br />1982 <br />1983 <br />1984 <br />1985 <br />1986 <br />1987 <br />19.8 <br />19.9 <br />1990 <br />1991 <br />1992 <br />. <br /> <br />serial Numbers <br /> <br />Interest Rate <br /> <br />1 - 16 <br />17 - 32 <br />33 - 48 <br />49 - 65 <br />66 - 02 <br />83 - 99 <br />100 - 116 <br />117 - 133 <br />134 - 150 <br />151 - 167 <br />16. - 184 <br />185 - 201 <br />202 - 218 <br />219 - 235 <br /> <br />3.90' <br />4.00' <br />4.10' <br />4.20' <br />4.30' <br />4.40' <br />4.50' <br />4.60t <br />4.70' <br />4.75t <br />4.85t <br />4.90t <br />S.OOt <br />5.l0t <br /> <br />5. All bonds of this issue maturing in the years <br />1988 to 1997, both inclusive (bonds numbered 151 to 320, <br />both inclusive), shall be subject to redemption and prepayment <br />at the option of the City in inverse order of serial numbers, <br />on November 1, 1987 and on any interest payment date there- <br />after at par and accrued interest. Published notice of <br />redemption shall in each case be given in accordance with <br />law, and mailed notice of redemption shall be given to the <br />bank where said bonds are payable and to any registered <br />holders, provided that published notice alone shall be <br />effective without mailed notice. Holders desiring to <br />receive mailed notice must register their names, addresses <br />and bond numbers with the City Manager. <br /> <br />6. The bonds and interest coupons to be issued <br />hereunder shall be in substantially the following form: <br /> <br />* <br />1993 <br />1994 <br />1995 <br />19'6-1997 <br /> <br />236 - 252 <br />253 - 2'9 <br />270 - 286 <br />287 - 320 <br /> <br />5.15' <br />5.20' <br />5.25' <br />5.30' <br />
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