HomeMy WebLinkAbout1962-11-14 - Resolution No. 069RESOLUTION NO. 69
RESOLUTION OF THE BOARD OF DIRECTORS
OF YORBA INDA COUNTY WATER
AWARDING 230,000 BONDS OF
SAID DISTRICT TO THE BEST BIDDER AND
REJECTING ALL OTHER BIDS.
WHEREAS, at the time and place fixed for the open-
ing of bids for the $ 230,000 bonds of
YORBA LINDA COUNTY WATER DISTRICT
designated, 'WATERWORKS BONDS, ELECTION 1959, SERIES B"
and numbered 1 to 230 , 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
YORBA LINDA COUNTY GJATEI1 DISTRICT
does hereby RESOLVE, DETERMINE AND ORDER as follows:
Section 1. That the bid of Bank of America National
Trust & Savings Association and Associates
offering par and a premium of $ 29.00 ,
and accrued interest to date of delivery for said bonds
to bear interest payable annually the first year and
semiannually thereafter at the rates of:
Rates
Years
4.00
%
19 66
to
19 76
3.75
%
19 77
to
19 85
4.00
%
19 86
to
19 95
%
19
to
19
Dist. Bonds •
Award Resln.
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 accompanying
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.
Au di to Y'
Section 4. The mw of the district is hereby
directed to deliver said bonds to the successful bidder upon
payment therefor and accrued interest to date of delivery,
if any.
ADOPTED, SIGNED AND APPROVED this 14th day of
November .0 19 62
President of the B, and of
Directors of yorba Linda
County Water District
ATTEST;
Secre ary of the Board of
Directors ofYorpa Linda
CountyWater District
(SEAL)
2.
•
STATE OF CALIFORNIA
as.
COUNTY OF ORANGI-"
9 - I
I, VALDO Y. S14I`I'II , Secretary of the
Board of Directors o orba .=a Count v7--ter District
a e foregoing
, DO HEREBY CERTIFY resotuMon was duly adopted by the Board of Directors of said
district at a regular meetin} of said Board
held on the Mh clay of e mber , 19 '2, and that it
was so adopted by the following vote:
AYES:
NOES:
ABSENT:
(SEAL)
STATE OF CALIFORNIA
COUNTY OF ORANGE
Directors MFRWIN WAGNER ROBERT MILMOE; R. D.
HASTINGS. RALPH A. MCGUIRE & FRED CLODT
Directors NONE
Directors
ecre ary Yorba Linda
C,ovrtt- 1-later District
ana of the SoArd oMrectors
thereof.
as.
I~ VALDO Y. Siiilth , Secretary of the
Board of Directors of Yo.rba Lima count ti'Iater Disyrict
a e above and
, DO HEREBY CERMY Toregoing is a full, Prue and correct copy of Resolution
No. 69 of said Board, and that the same has not,been
ameneed or repealed.
DATED: 19 6a
(SEAL) ecretary 'orba Linda
Count ti,,lat - r district
an e Soardo M rectors
thereof.