HomeMy WebLinkAbout1960-01-13 - Resolution No. 024RESOLUTION NO. 24
RESOLUTION OF THE BOARD OF DIRECTORS
OF YORBA LINDA COUNTY WATER DISTRICT
APPROVING AN OFFICIAL STATEMENT AND
DIRECTING THE SECRETARY OF SAID DIS-
TRICT TO PUBLISH AN ADVERTISEMENT
CONCERNING INVITATIONS FOR BIDS FOR
$1,670,000 OF WATERWORKS BONDS,
ELECTION 1959, SERIES A, OF SAID
DISTRICT.
WHEREAS, this Board of Directors has heretofore
adopted Resolution No. 17 declaring its intention to sell
bonds of said district in the amount of $1,670,000, fixing
a time and place for the taking of bids thereon, and
directing publication of notice inviting bids; and
WHEREAS, the financial consultants employed by
the district have prepared and submitted to the Board of
Directors of said district a proposed Official Statement
relating to the properties, operations and finances of
said district;
NOW, THEREFORE, the Board of Directors of Yorba
Linda County Water District, Orange County, California, DOES
HEREBY RESOLVE, DETERMINE AND ORDER as follows:
Section 1. That the Official Statement referred
to in the recitals hereof is hereby approved, and the Secre-
tary of said district is hereby authorized and directed to
furnish, or cause to be furnished, to prospective bidders
copies of the notice inviting sealed proposals and said
Official Statement; provided, however, that a failure, in
whole or in part, to comply with this section shall not in
any manner affect the validity of the sale of the bonds.
Section 2. That the Secretary of said district
is authorized and directed to cause an advertisement to be
published in THE BOND BUYER, a financial journal published
in New York, New York; but failure to publish said adver-
tisement in THE BOND BUYER, or any defect in such publica-
tion, shall not in any manner affect the validity of the
sale of the bonds.
Section 3. That said advertisement to be published
in THE BOND BUYER shall be substantially as follows:
$1,670,000
YORBA LINDA COUNTY WATER DISTRICT
COUNTY OF ORANGE, CALIFORNIA
WATERWORKS BONDS, ELECTION 1959, SERIES A
The Board of Directors of the Yorba Linda County
Water District of Orange County, California, will
receive sealed bids until 7:00 o'clock P.M., Pacific
Standard Time, on February 3, 1960, at the office
of said district, 4866 South 0linda Street, Yorba
Linda, California, for $1,670,000 of WATERWORKS BONDS,
ELECTION 1959s SERIES A. to be dated March 1, 1960,
and to mature on March 1 in amounts for each of the
several years as follows:
25,000 -
1966
30,000 -
1967
to
1969, inclusive
35,000 -
1970
to
1973, inclusive
40,000 -
1974
to
1976 inclusive
A
!45,000 -
1977
and
197
50,000 -
1979
and
1980
55,000 -
1981
and
1982
60,000
1983
and
1984
`
65,000
1985
and
1986
70,000 -
1987
and
1988
1
75,000 -
1989
80,000 -
1990
and
1991
X
85,000 -
1992
90,000 -
1993
95,000 0 -
1994
$1
00,000 -
1995
2.
.1 1. 0
Bonds maturing on or after March 1, 1986, are
subject to call and redemption prior to maturity.
The bonds will be accompanied by the approving
opinion of O'Melveny & Myers, Los Angeles, California.
The terms and conditions upon which the bonds
are to be sold, the provisions for the call and
redemption of said bonds prior to maturity, the
amount of the bid check and other items are set forth
in the notice inviting bids.
Upon request, a copy of the notice inviting
bids and the Official Statement will be furnished by
Mr. Valdo Y. Smith, Secretary, Yorba Linda County
Water District, 4866 South Olinda Street, Yorba
Linda, California, or by Stone & Youngberg, Russ
Building, San Francisco 4, California.
VALDO Y. SMITH
Secretary oi' Yorba inn- a
County Water District,
County of Orange, California.
ADOPTED, SIGNED AND APPROVED this 13tk day
of January, 1960.
r
Pi~esiddnt 40o-rba L"l-n3a
County Water District and
of the Board of Directors
thereof.
3.
• 0
STATE OF CALIFORNIA
SS.
COUNTY OF ORANGE
I, VALDO Y. SMITH , Secretary of the
Board of Directors of`-Yorba n a ounzy Walter District, Orange
County, California -,DO HEREBY CERTIFY a he i'oregoing
resolution was duly adopted by the Board of Directors of said
district at a (13th) regular meetinA of said Board
held on the ~Y day of January , 19 b0 , and that it
was so adopted by the following vote:
AYES : Directors Wagner-yea, Clodt-,yes, Milnoe-fes
Hastings-yes, Crist-yes.
NOES: Directors None
ABSENT: Directors None
(SEAL) 7ecretary o for /a L"inaa
County Wafer ffisfrfet
and o e oara ofMrectors
thereof.
4.
Yorba
Linda County Water District
OFFICERS
P. O. Box 469 LAkeview 8-7021
DIRECTORS
David Crist
David Crist
PRESIDENT
Merwin Wagner
Merwin Wagner
Robert Milmoe
VICE PRESIDENT
Valdo Y. Smith
Fred Clodt
SECRETARY - AUDITOR
J"ua77 14, 1939
R. D. Hastings
The Bond Buyer
67 Pearl Street
Now York X49 Now York
Gent 1 omen t
Baolosed find copy for * pace advortisisent in the Bond Buyer at
your earliest convenionce. Please follow instructions of OlMolvezw
& Myers as shove on card attached to corr.
Very truly yours
SeoretarylAuuditor
%/L14o