HomeMy WebLinkAboutReso. 1979-157 Appointing Paying Agent for the Payment of Principal and Interest on Bonds Issued in Chestnut Street Assessment District No. 1979-1 RESOLUTION NO. J%- / 7
RESOLUTION APPOINTING PAYING AGENT FOR THE
PAYMENT OF PRINCIPAL AND INTEREST ON BONDS
ISSUED IN CHESTNUT STREET ASSESSMENT DISTRICT
NO. 1979-1
WHEREAS , the City Council of the City of Redding, Shasta County,
California, has authorized issuance of bonds under the Improvement Bond
Act of 1915 of the State of California in Chestnut Street Assessment
District No. 1979-1; 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 will 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 . 0. Box 37000, San Francisco, California 94137 .
I HEREBY CERTIFY that the foregoing resolution was duly and
regularly adopted by the City Council of the City of Redding, Shasta County,
California, at a regular meeting thereof, held on the 4th day of September,
1979 , by the following vote, to wit:
AYES : Councilmembers Fulton, Gard, Kirkpatrick, Pugh, and Demsher
NOES : Councilmembers None •
ABSENT: Councilmembers None .T)
MILDRED L. BRAYTON, City Clerk,
City of Redding, Shasta County,
California N
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