HomeMy WebLinkAboutRESOLUTIONS - 04211964 - 2946 IN THE BOARD OF SUPERVISORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA
In the Matter of Sale of
$530,000 Acalanes Union
High School District 1961 RESOLUTION NO. 2946
Bonds, Series E.
WHEREAS, the Board of Supervisors of Contra Costa County,
State of California, heretofore duly authorized the issuance of
$_ 3,900,000 principal amount of bonds of
Acalanes Union High School District
of Contra Costa County; and further duly authorized the sale of
$530000, designated Series E, 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 bonds 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. $198,383.50
and Associates
Blyth & Co., Inc ., Manager 200, 751,50
Crocker-Citizens National Bank 202,441.00
Wells Fargo Bank, Account Manager 203,677.50
United California Bank, Manager 2069346.00
R. H. Moulton & Company 206,915.00
The Bank of California 207,419.00
Francis I . duPont & Company
First Western Bank & Trust Company 208,245, 00
Hill Richards & Company
2946
l/�
AND, WHEREAS, the said bid of Bank of America N.T. & S .A.
and Associates
is 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 o? 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
for $530,000
par value of said bonds 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 $ 369.00
Interest Rate
Bond Numbers Per Annum
E-1 through E-45 5%
E-46 through E-50 4-1/4%
E-51 through E-75 3-1/4%
E-76 through E-100 3-1/2%
E-101 through E-106 1/20 of 1%
Said bonds shall be in denominations of $5, 000 each and
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. 2946
�(3
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
196,14_, 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. 2946
3�3