HomeMy WebLinkAbout1972-05-11 - Resolution No. 219•
RESOLUTION NO. 49
46
RESOLUTION OF THE BOARD OF DIRECTORS
OF YORBA LINDA COUNTY WATER DISTRICT,
ORANGE COUNTY, CALIFORNIA, AWARDING
$750,000 NEGOTIABLE PROMISSORY NOTES
OF SAID DISTRICT TO THE BEST BIDDER
AND REJECTING ALL OTHER BIDS
WHEREAS, at the time and place fixed for the opening
of bids for the $750,000 negotiable promissory notes of the
YORBA LINDA COUNTY WATER DISTRICT designated "Notes 1972",
all bids were publicly opened, examined and read and a tabu-
lation 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 notes;
NOW, THEREFORE, the Board of Directors of the Yorba
Linda County Water District DOES HEREBY RESOLVE, DETERMINE
AND ORDER as follows:
SECTION 1. That the bid of Bankcf America
offering:
$750,000 par value
$ 29.00 premium
and accrued interest to date of delivery for said notes to
bear interest payable semi-annually at,the rate of 4 4
the bid for said notes yielding the lowest net interest cost.
Said bid is hereby accepted and the notes awarded to said best
bidder in accordance with the terms of the proposal.
-1-
•
i
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 bid to the respective bidders.
SECTION 3. That the interest rate on said notes is
hereby fixed at the rate stated in Section 1 hereof.
SECTION 4. The Secretary is hereby directed to
deliver said notes to the successful bidder upon payment
therefor and of accrued interest, if any, to date of delivery.
ADOPTED, SIGNED AND APPROVED this 11th day of May,
1972.
4tvr nt o 6rn a
Water District and of
the Board of Directors thereof.
(SEAL)
ATTEST:
Secretar of Yorba Linda County
Water District and of the Board
of Directors thereof.
-2-
•
STATE OF CALIFORNIA )
) ss.
COUNTY OF ORANGE )
•
I, JEAN E. MATHEWS, Secretary of the Board of Directors
of the Yorba Linda County Water District, do hereby certify
that the foregoing resolution was duly adopted by the Board
of Directors of said District at a regular meeting thereof
held on the 11th day of May, 1972, and that it was so adopted
by the following vote:
AYES ; DIRECTORS /✓lc G0.1~ e~ /4"S/,../ `J, j
NOES : DIRECTORS N °"'-e
ABSENT : DIRECTORS /V P
Secre y of Yorba Linda
County Water District and of
the Board of Directors thereof
(SEAL)
-3-
•
STATE OF CALIFORNIA )
ss.
COUNTY OF ORANGE )
•
I, JEAN E. MATHEWS, Secretary of the Board of Directors
of the Yorba Linda County Water District, do hereby certify
that the above and foregoing is a full, true and correct
copy of Resolution No. a / 7- of said Board, and that the
same has not been amended or repealed.
DATED : / 197 2 .
v
Secret ?y of Yorba Linda
County Water District and
of the Board of Directors
thereof.
(SEAL)
a
0 6
RESOLUTION NO. 219
RESOLUTION OF THE BOARD OF DIRECTORS
OF YORBA LINDA COUNTY WATER DISTRICT,
ORANGE COUNTY, CALIFORNIA, AWARDING
$750,000 NEGOTIABLE PROMISSORY NOTES
OF SAID DISTRICT TO THE BEST BIDDER
AND REJECTING ALL OTHER BIDS
WHEREAS, at the time and place fixed for the opening
of bids for the $750,000 negotiable promissory notes of the
YORBA LINDA COUNTY WATER DISTRICT designated "Notes 1972",
all bids were publicly opened, examined and read and a tabu-
lation 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 notes;
NOW, THEREFORE, the Board of Directors of the Yorba
Linda County Water District DOES HEREBY RESOLVE, DETERMINE
AND ORDER as follows:
SECTION 1. That the bid of Bank of America
offering:
$750,000 par value
$29.00 premium
and accrued interest to date of delivery for said notes to
bear interest payable semi-annually at,the rate of 4 4
the bid for said notes yielding the lowest net interest cost.
Said bid is hereby accepted and the notes awarded to said best
bidder in accordance with the terms of the proposal.
-1-
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 bid to the respective bidders.
SECTION 3. That the interest rate on said notes is
hereby fixed at the rate stated in Section 1 hereof.
SECTION 4. The Secretary is hereby directed to
deliver said notes to the successful bidder upon payment
therefor and of accrued interest, if any, to date of delivery.
ADOPTED, SIGNED AND APPROVED this 11th day of May,
1972.
re e o Yot i a
Cou ty Water District and of
the Board of Directors thereof.
(SEAL)
ATTEST :
Secretar of orba Linda County
Water District and of the Board
of Directors thereof.
-2-
•
STATE OF CALIFORNIA )
ss.
COUNTY OF ORANGE )
1 46
I, JEAN E. MATHEWS, Secretary of the Board of Directors
of the Yorba Linda County Water District, do hereby certify
that the foregoing resolution was duly adopted by the Board
of Directors of said District at a regular meeting thereof
held on the 11th day of May, 1972, and that it was so adopted
by the following vote:
AYES : DIRECTORS /0c 601", e, /,/'°s/ /M 66 idea/ T,
NOES: DIRECTORS ND"~e
ABSENT: DIRECTORS No.lP
Sec etary of Yorba Linda
County Water District and of
the Board of Directors thereof
(SEAL)
-3-
•
STATE OF CALIFORNIA )
ss.
COUNTY OF ORANGE )
I, JEAN E. MATHEWS, Secretary of the Board of Directors
of the Yorba Linda County Water District, do hereby certify
that the above and foregoing is a full, true and correct
copy of Resolution No. y of said Board, and that the
same has not been amended or repealed.
DATED: 1972.
f
becr~ ary or Yorba Linda
Coun y Water District and
of the Board of Directors
thereof.
(SEAL)