HomeMy WebLinkAboutReso. 1981 - 196 - Appointing paying agent for payment of principal and interest on bonds - Patterson Tract Unit 2 Assessment District No. 1980-6RESOLUTION NO.
RESOLUTION APPOINTING PAYING AGENT FOR THE PAYMENT OF
PRINCIPAL AND INTEREST ON BONDS
Patterson Tract Unit 2 Assessment District No. 1980-6
WHEREAS, 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 Patterson
Tract Unit 2 Assessment District No. 1980-6, City of Redding, Shasta
County, California; 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
hereby resolves:
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, California 94137.
InD
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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 8th
day of September, 1981.
AYES• Councilmembers Demsher, Fulton, Gard, Kirkpatrick, and Pugh
NOES: Councilmembers None
ABSENT: Councilmembers None
ETHEL A. RICHTER, City Clerk,
City of Redding, Shasta County,
California
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