HomeMy WebLinkAboutRESOLUTIONS - 10172007 - RES-167 IN THE BOARD OF SUPERVISORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA
In the Matter of Sale of
$850,0001 1961, Series A.
Acalanes Union High School
District bonds. RMOL`»'UTMN M. 1
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WHEREAS., the Board of Supervisors of Contra Costa County.,
State of California, heretofore duly authorized the issuance of
goo,O40� principal amount of bonds of
Aoalanes Union High School District
of Contra. Costa County; and further duly authorized the sale of
$8500000,, designated as 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 bonds were and are the only bids re-
ceived by said .Board of Supervisors, to wit :
Net Interest Cost
Name of Bidder to District
Wells Fargo Bank American Trust
Company, et al $336,012.5O
First Western Bank and frust Company 342,721.50
Bank of America., N.T. & S.A. & Associa tea 344,648.50
Blyth and Company, Inc., et al 345,252.50
AND, WHEREAS, the said bid of Wells Fargo Bank American
Trust Company
/is the highest and best bid for said bands, considering the in-
terest rates specified and the premium offered, if any,
NOW THEREFORE. BE IT RESOL'V'ED by the Beard of Super-
visors of the County of Contra Costa, State of California, as
follows :
1. Said bid of Wells Fargo Bank American Trust Company
for $854,000
/liar 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 bands 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 300
Interest Rate
Bond Numbers Per Annum
A-1 to A-160
A-161 to .A.-200 4-3 �
.A,-241 to A.-240 2-3M,
A.-241 to A-320 3
A.- 21 to A-400
A- 41 to A-5353 %
A-536 to A-850 3-3
Said bonds shall bear interest at the said rates here-
inabove set forth, payable semi-annually on the first days of
Jamxary and July in each year, except interest for the first
year which is payable in one installment on July 1, 1962.
2. All other bids are rejected and the Clerk of this
Board is directed to return the bid checks which accompanied the
unsuccessful bids.
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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 13th. day of ..�.June
1960 by the Board of Supervisors of Contra Costa County, by the
following vote:
AYES: Supervisors James P. Kenny, Mel F. Nielsen,
Thomas John Call, zm
Edmd A. Linseheid., Joseph
S. Silva.
NOES: Nana.
ABSENT: None.
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