HomeMy WebLinkAboutReso. 78-053 - Appointing the Bank of America as Paying Agent for the City of Redding Special Assessment Bonds Issued Pursuant to the Improvement Bond Act of 1915 RESOLUTION NO. 725%,/3
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPOINTING THE BANK OF AMERICA AS PAYING AGENT FOR CITY
OF REDDING SPECIAL ASSESSMENT BONDS ISSUED PURSUANT TO
THE IMPROVEMENT BOND ACT OF 1915.
WHEREAS, the City of Redding now has outstanding certain
special assessment bonds issued pursuant to the Improvement Bond
Act of 1915 , and
WHEREAS , the City of Redding is acting as paying agent
for these special assessment bonds, and
WHEREAS, it is anticipated that the City of Redding will
authorize additional special assessment bonds to be issued pursuant
to the Improvement Bond Act of 1915, and
WHEREAS, the City Council of the City of Redding has
determined that certain economies will result from having existing
and future special assessment bond issues serviced on a contractual
basis by a paying agent,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Redding that the principal office of the Bank of America
National Trust and Savings Association in San Francisco, California,
is hereby appointed Paying Agent for all City of Redding special
assessment district bonds issued pursuant to the Improvement Bond
Act of 1915.
I HEREBY CERTIFY that the foregoing Resolution was intro-
duced and read at a regular meeting of the City Council of the City
of Redding on the 3rd day of April , 1978 , and was duly adopted at
said meeting by the following vote:
AYES : COUNCILMEN: Fulton, Gard, Kirkpatrick, Pugh, and Demsher
NOES : COUNCILMEN : None
ABSENT: COUNCILMEN: None
ATTEST:
_/ ONALD M. DEMSHER
( ��%;i ,/ -�V��� ,: ./"„ Mayor of the City of Redding
MILDRED L. BRAYTON', City Clerk
FORM APPROVED:
/Dor J'✓t0, 424/�.�,
EARL D. MURPHY, dity /Attorney
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