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AND WHEREAS, the bid of <br /> <br />WELLS FARGO BANK <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 WELLS FARGO BANK <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 $ 1.00 , <br />together With accrued interest at the following rates: <br /> <br /> Bond Numbers Maturit~ Years Interest Rate <br /> (Inclusive) ( Inclusive) Per Annum <br />(Ail bearing prefix "A") (MAI~&~H 1) <br /> 1 tO 14 1970 to 1975 6.00 <br /> 15 tO 63 1976 to 1984 5.00 <br /> 64 tO 85 1985 to 1987 4.70 <br /> 86 to 111 1988 tO 1990 4.75 <br /> 112 to 200 1991 to 1998 4.80 <br /> to to <br /> <br />The bonds shall bear interest at the rates hereinabove set forth, <br />payable semiannually on September 1 and March 1 in each year, <br />except interest for the first year which is payable annually on <br />March 1, 1969. <br /> <br /> 2. Ail 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 />