HomeMy WebLinkAboutReso. 78-127 - Appointing Paying Agent for the Payment of Principal and Interest on Bonds Issued in Mac's Road Assessment District No. 1978-2, City of Redding .�:
RESOLUTION NO. '7,5 - / J- '
RESOLUTION APPOINTING PAYING AGENT FOR THE PAYMENT OF
PRINCIPAL AND INTEREST ON BONDS ISSUED IN MAC' S ROAD
ASSESSMENT DISTRICT NO. 1978-2 , CITY OF REDDING
WHEREAS , the City Council of the City of Redding, Shasta
County, California, has authorized issuance of bonds under the Improve-
ment Bond Act of 1915 of the State of California in Mac' s Road Assessment
District No. 1978-2 ; 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.
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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.
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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 7th day
of August, 1978 , by the following vote , to wit:
AYES : Councilmembers : Fulton, Gard, Kirkpatrick, Pugh, and Demsher
NOES : Councilmembers : None
ABSENT: Councilmembers : None
MILDRED L. BRAYTON, City Clerk,
City of Redding, Shasta County,
California
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