HomeMy WebLinkAboutRESOLUTIONS - 04211964 - Res 2947 IN THE BOARD OF SUPERVISORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA
In the Matter of Sale of
$105 000, 1963 Series B,
and $155s000, 1964 Series A,
San Ramon Valley Union High RESOLUTION NO. 2947
School District bonds.
WHEREAS, the Board of Supervisors of Contra Costa County,
State of California, heretofore duly authorized the issuance of
$170,000, 1964 bonds,
$1,3$2,000, 1963 bonds and principal amount of bands of
San Ramon Valley Union High School District
of Contra Costa County; and further duly authorized the sale of
$105ooOOs 1963 bonds designated Series B, and
$155,000, 1964 bonds designated Series A of
said bonds at public sale to the best and highest bidder therefor;
and
WHEREAS, notice of the sale of said bonds has been duly
given in the manner prescribed by this Board of Supervisors, and
the following bids for said bands were and are the only bids re-
ceived by said Board of Supervisors, to wit:
Net Interest Cost
Name of Bidder to District
Bank of America N.T. & S. A. $103,781
and Associates
Wells Fargo Bank, $106,123
Account Manager
RESOLUTION NO. 2947
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AND, WHEREAS, the said bid of Bank of America N.T. & S.A.
and Associates
1s the highest and best bid for said bonds, considering the in-
terest rates specified and the premium offered, if any, and this
bidder having requested bonds in the denomination of $5 000 each.
NOW, THEREFORE, BE IT RESOLVED by the Board of Super-
visors of the County of Contra Costa, State of California, as
follows :
1. Said bid of Bank of America N.T. & S A. and. Associates
or. 10 0 963 bonds designated Series B, and 1550000, 1964 bonds
gP1 , 0 M Inds shall be, and is hereby accepted and the
Treasurer of Contra Costa County is hereby authorized and directed
to deliver said bonds to said purchaser thereof upon payment to
said Treasurer of the purchase price, to wit :
Par and accrued interest to date of delivery,
plus a premium of $319.
Interest Rate
Bond Numbers Per Annum
1963 Series B: B-1 through B-20 5%
B-21 4%
1964 Series A: A-1 through A-2 5%
A-3 through A-4 4%
A-5 through A-28
A-29 through A-31 1 20 of 1%
Said bonds shall be in denominations of $5,000 each and
SMAxboxim shall bear interest at the said rates here-
inabove set forth, payable semi-annually on the 15th days of
November and May in each year, except interest for the first
year which is payable in one installment on May 15, 1965,
2. All other bids are rejected and the Clerk of this
Board is directed to return the bid checks which accompanied the
unsuccessful bids.
RESOLUTION NO. 2947
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3• The Clerk of this Board of Supervisors is directed
to cause to be lithographed, printed or engraved a sufficient num-
ber of blank bonds and coupons of suitable quality, said bonds and
coupons to show on their face that the same bear interest at the
rates aforesaid.
PASSED AND ADOPTED this 21st day of April ,
1961. , by the Board of Supervisors of Contra Costa County, by the
following vote :
AYES: Supervisors James P. Kenny, Mel F. Nielsen,
Thomas John Coll, Edmund A. Linscheid.
NOES: None.
ABSENT: Supervisor Joseph S. Silva.
RESOLUTION NO. 2947
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