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AND WHEREAS, the bid of <br /> BANK OF AMERICA <br /> <br /> is the highest bid for the bonds, considering the interest rates <br /> specified and the premium, if any, offered; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of <br />the City of Pleasanton, as follows: <br /> <br /> 1. Said bid of <br /> <br /> BANK OF AMERICA <br /> <br />for the bonds is hereby accepted and the Treasurer is hereby <br />authorized and directed to deliver the bonds to said purchaser <br />thereof upon payment to the Treasurer of the purchase price, <br /> <br />to wit: The par value thereof and a premium of $ 27.00 , <br />together with accrued interest at the following rates: <br /> <br /> Bond Numbers Maturity Years <br /> (Inclusive) (Inclusive) <br />(All bearing prefix "B") <br /> <br /> 1 to 52 1970 to1988 <br /> <br /> 53 to 107 1989 to 1998 <br /> to to <br /> to to <br /> to to <br /> to to <br /> <br />Interest Rate <br />Per Annum <br /> <br />5 <br /> <br />5.25 <br /> <br />The bonds shall bear interest at the rates hereinabove set forth, <br />payable semiannually on April i and October I in each year, <br />except interest for the first year which is payable annually on <br />October l, 1969. <br /> <br /> 2. All bids except said accepted bid are hereby re- <br />Jected and the Treasurer is hereby directed to return to the <br />unsuccessful bidders their several checks accompanying their <br />respective bids. <br /> <br /> <br />