HomeMy WebLinkAboutReso. 1979-014 Appointing Paying Agent for the Payment of Principal and Interest on Bonds Issued in North Bonnyview Area Sewer Assessment District No. 1978-1, City of Redding, Shasta County, CA ... � �
RESOLUTION NO. ��- /�
RESOLUTION APPOINTING PAYING AGENT FOR THE PAYMENT OF
PRINCIPAL AND INTEREST ON BONDS ISSUED IN NORTH BONNY-
' VIEW AREA SEWER ASSESSMENT DISTRICT NO. 1978-1 , CITY
OF REDDING, SHASTA COUNTY, CALIFORNIA
wFIEREAS , the City Council of the City of Redding, Shasta
County, California, has authorized issuance of bonds under the Im-
provement Bond Act of 1915 of the State of California in North
Bonnyview Area Sewer Assessment District No. 1978-1; and
wHEREAS, the City of Redding has entered into an agreement
with the Bank of America National Trust and Savings Association by
which said Bank wi11 act as paying agent for the bonds of the City
of Redding; and
wHEREAS , said fees as set forth on said existing agreement
appear fair and reasonable for the services provided by said Bank,
NOW, THEREFORE, the City Council of the City of Redding,
Shasta County, California, does hereby find , resolve , determine and
order as follows :
1 . Bank of America National Trust and Savings Association ,
Main Office , San Francisco , California, is hereby appointed paying
agent for bonds issued in said assessment district, and said Bank
shall be paid in accordance with the existing agreement between said
City of Redding and said Bank of America National Trust and Savings
Association.
2 . The City Clerk of the City of Redding is hereby
directed to file a certified copy of this resolution with the Bank
of America National Trust and Savings Association, Corporate Agency `
Division, Bank of America Center , P. O. Box 37000 , San Francisco, J
v^
Ca. 99137.
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I HEREBY CERTIFY that the foregoing resolution was duly
and regularly adopted by the City Council of the Ciryo uf Redding ,
Shasta County, California, at a regular meeting thereof, held on
the 15th day o€ January, 1979 , by the following vote, to wit:
AYES : Councilmembers Fulton, Gard, Kirkpatrick, Pugh, and Demsher
NOES : Councilmembers None
ABSENT: Councilmembers None
MILDRED L. BRAYTON City C� erk,
City of Redding, Shasta Coimty,
California
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