RES 67055 - Laserfiche WebLink

Treasurer The term "Treasurer" means the Treasurer of the City. S£CTTO~ 1.03. Equal Security. In consideration of the acceptance of the Bonds by those who shall hold the same from time to time, this ReS°lu~ion shall be deemed to be and shall constitute a contract between the City and the holders from time to time of the Bonds and interest coupons appertaining thereto; and the covenants and agreements herein set forth to be pcdormed on behalf of the City shall be for the equal and proportitonate benefit, security and protection of all holders of the Bonds and interest coupons without preference, priority or distinc- tion as to security or otherwise of any of thc Bonds or interest coupons over any of the others by reason of thc series, number or date thereof or the time of sale, execution or delivery thereof, or otherwise for any cause whatsoever, except as expressly provided therein or herein. ARTICLE II THE BO~OS SECTION 2.01. Authorization. Bonds in the aggregate principal amount of seven hundred fifty thousand dollars ($750,000) are hereby authorized to be issued by the City under and subiect to the terms of this Resolution. The Bonds are desig- hated generally as the "City of Pleasanton 1967 Water Revenue Bonds." The Bonds may be issued in such series as from time to time shall be established and authOr- ized by the Council, subject to the covenants, provisions and conditions herein contained. ~ SE¢?Iot4 2.02. Terms of Series A Bonds. An initial series of Bonds, in the aggregate principal amount of four hundred thousand dollars ($400,000) at any one time outstanding, is hereby created, to be known as the "City of pleasanton 1967 Water Revenue Bonds, Series A." The Series A Bonds.shall be dated May 1, 1967, shall be coupon Bonds in the denomination of five thousand dollars ($5,000) each, shall be numbered'A1 to AS0, inclusive, and shall mature and become pay- able in consecutive numerical order from lower to higher, as set forth in the fol- lowing schedule: Maturity Date Principal May 1 Amount 1969 ............. $10,000 1970 ............. 10,000 1971 ............. 10,000 1972 ............. 10,000 1973 ............. 10,000 1974 ............. 10,000 1975 ............. 10,000 1976 ............. I0,000 Maturity Date ~ Principal May 1 Amount 1977 ............. $15,000 1978 ............. 15,000 1979 ............. 15,000 1980 ............. 15,000 1981 ............. 1:5,000 1982 ............. 15,000 1993 ............. 230,000