HomeMy WebLinkAbout1980-10-02 - Resolution No. 80-317
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RESOLUTION NO. ~lQ -31
RESOLUTION OF THE BOARD OF DIRECTORS OF THE YORBA
LINDA COUNTY WATER DISTRICT AWARDING BONDS
WHEREAS, the Board of Directors of the Yorba Linda County
Water District heretofore negotiated for the sale of assessment
bonds to be issued by the District in Assessment District No. 79-1
(Ohio-Oriente) pursuant to the Improvement Act of 1911; and
WHEREAS, the offer of Stone & Youngberg is the best offer
for the bonds, considering the interest rate specified, and dis-
count requested;
NOW, THEREFORE, BE IT RESOLVED AND ORDERED by the Board of
Directors of Yorba Linda County Water District as follows:
1. The offer of Stone & Youngberg, not to exceed $350,000
par value of said bonds, more particularly set forth in Exhibit
"A" attached hereto, shall be and is hereby accepted. Upon their
issuance, the District Treasurer is hereby authorized and directed
to deliver the bonds to the purchaser upon payment to the Treasurer
of the purchase price. The bonds shall bear interest at the rate
of 9 1/2%, payable July 2, 1961., and semi-annually thereafter.
2. The President and Secretary of the District are hereby
authorized to execute the agreement between Stone & Youngberg and
the District, a copy of which is attached hereto as Exhibit "A".
PASSED AND ADOPTED this ~ y
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by the following vote:
AYES : d ~vu , eji 7c -,jIisvJ w y'~~G
NOES:
ABSENT OR NOT VOTING: ~
President, Board of Directors
ATTEST:
Jeff( E. Mathews
Se retary of Yorba Linda County
Water District and of the Board
of Directors Thereof