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HomeMy WebLinkAbout1960-02-03 - Resolution No. 026RESOLUTION NO. %Z 6 RESOLUTION OF THE BOARD OF DIRECTORS OF YORBA LINDA COUNTY WATER DISTRICT AWARDING BONDS OF SAID DISTRICT TO THE B PIb~ER AND REJECTING ALL OTHER BIDS. WHEREAS, at the time and place fixed for the opening of bids for the 670 000 bonds of Vnrba Linda county w ter District, designated WA~oBKS BONDS- ELECTION 1954, SERIES A, and numbered 1 to 1470... inclusive, all bids were publicly opened, examined and read, and a tabulation thereof has been entered in the minutes; and WHEREAS, the bid of the bidder hereinafter named is the best bid made by a responsible bidder for said bonds; NOW, THEREFORE, the Board of Directors of Ynrha Linda CmIntU Water District does hereby RESOLVE, DETERMINE AND ORDER as follows: Include Section 1. That the bid of /pre names of all members of a syndicate offering par, accrued interest to date of delivery, and a premium of $ for said bonds to bear interest payable annually the first year and semiannually thereafter at the rates of: Rates Years C % 19/L to 19 % 19 7J'to 19-L:~- 6, % 19 -6- > to 19 b'S ©XI / 6 4 is the bid for said bonds yielding the lowest net interest cost. Said bid is hereby accepted and the bonds awarded to said best bidder in accordance with the terms of the proposal. Section 2. That all bids other than the one accepted in Section 1 hereof are rejected and the Secretary of the district is directed to return the check accompany- ing said rejected bids to the respective bidders. Section 3. That the interest rate(s) on said bonds is (are) hereby fixed at the rate(s) stated in Section 1 hereof. Section 4. The Treasurer of the district is hereby directed to deliver said bonds to the successful bidder upon the payment of par, accrued interest to date. of delivery and the premium above stated. _ i. ADOPTED, SIGNED AND APPROVED this 5 day of fthruarv , 19-f2,(Z• re i ent o orba Linda county water District and of the Board of Directors thereof. ATTEST: 41r/'etary of Yorba Linda Conti Water District and of saoard. 2. STATE OF CALIFORNIA ss. COUNTY OF ORANG I, ITALDO Y. T , Secretary of the Board of Directors o County. Calirornla DO HEREBY CERTIFY a e ore resolution wa-, duly adopted by the Board of Directors of said district at a- , ut, r, ..r' regular meeting of said Board held on the 3 day off` Pa 19_6x_, and that it was so adopte -by the following vote. AYES : Directors lcrc~~, r11.1~©P , G~Ct r NOES : Directors r) ABSENT: Directors rj c? i (SEAL) ecretary ~rb~--Lima nollAty and o oar o Directors thereof. STATE OF CALIFORNIA ss. COUNTY OF MANG I, ALDO Y- T , Secretary of the Board of Directors o 0-range a the above an amen a or repealed. DATED: r z J-7 k 4---/ orego n is a u 1, true and correct copy of Resolution No. ~ - of said Board, and that the same has not, been (SEAL) ecretary ot ycu,t,m s.i nrln and o oar o Directors thereof. 3.