HomeMy WebLinkAbout86-57CITY OF UKIAH
RESOLUTION NO. 86-57
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UKIAH
RATIFYING, CONFIRMING AND APPROVING PROCEEDINGS TAKEN RELATIVE
TO THE AUTHORIZATION, ISSUANCE AND SALE OF $21,585,000
PRINCIPAL AMOUNT OF CITY OF UKIAH ELECTRIC REVENUE BONDS,
REFUNDING SERIES 1986 A
WHEREAS, in accordance with prior proceedings duly
had and taken, the City Council of the City of Ukiah (the
"City") has duly authorized the sale of not in excess of
$25,000,000 principal amount of electric revenue bonds,
designated "City of Ukiah Electric Revenue Bonds, Refunding
Series 1986 A" (the "Bonds"), to provide funds (together with
other available funds) for refunding the City's outstanding
Electric Revenue Bonds, Series A, and thereafter a contract
for the sale of $21,585,000 principal amount of the Bonds was
duly entered into by the City; and
WHEREAS, the City Council of the City thereafter
duly authorized the issuance and delivery of $21,585,000
principal amount of the Bonds for such purpose;
NOW, THEREFORE, BE IT RESOLVED by the City Council
of the City of Ukiah, as follows:
Section 1. The foregoing recitals are true and
correct, and the City Council of the City so finds and
determines.
Section 2. All proceedings heretofore taken by the
City relative to the authorization, issuance and sale of the
Bonds are hereby ratified, confirmed and approved; and the
officers and agents of the City are hereby authorized and
directed, jointly and severally, to do any and all things and
to execute and deliver any and all documents which they may
deem necessary or advisable in order to consununate the
issuance, execution and delivery of the Bonds and otherwise to
carry out, give effect to and comply with the terms of this
resolution and the Bonds.
PASSED AND ADOPTED this
the following vote:
AYES:
NOES:
ABSENT:
18th day of June, 1986, by
Councilmen%bers Schneiter, Kier, and Mayor Henderson
None
C0unci ]member Hickey
Approved: ~~
",V.~D~ of the City of Ukiah
[Seal]
C~ Clerk of the ty~of Ukiah
CITY CLERK'S CERTIFICATE
I, Yvette S. Hayes, City Clerk of the City of Ukiah,
hereby certify as follows:
The foregoing is a full, true and correct copy of a
resolution duly adopted at a regular meeting of the City
Council of the City of Ukiah duly and regularly and legally
held at the regular meeting place thereof on June , 1986, of
which meeting all the members of said City Council had due
notice and at which a majority thereof was present.
At said meeting said resolution was adopted by the
following vote:
AYES: Councilmembers Schneiter, Kier, and Mayor Henderson
NOES: None
ABSENT: Counci lmember Hickey
I have carefully compared the same with the original
minutes of said meeting on file and of record in my office and
the foregoing is a full, true and correct copy of the original
resolution adopted at said meting and entered in said minutes,
and said original resolution has not been amended, modified or
rescinded since the date of its adoption and the same is now
in full force and effect.
Dated: June 18th 1986.
( SEAL )