HomeMy WebLinkAboutRESOLUTIONS - 10172007 - RES-217 IN THE BOARD OF SUPERVISORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA
In the Matter of Sale of
$50,000, 1959, Series B
Alamo School District EMCCUT i!�
bonds .
WHEREAS, the Board of Supervisors of Contra Costa County,
State of California, heretofore duly authorized the issuance of
-_-_-_ 250.000 principal amount of bonds of
Alamo School. District
of Contra Costa County; and further duly authorized the sale of
$50,000, designated as Series B 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
Dean Witter & Co. $19,072 .50
Wells Fargo Bank American 19, 167.50
Trust Company
Bank of America, N.T.& S .A .
and Associates 1.9,621 .00
W217
AND, WHEREAS, the said bid of Dean Witter & Co .
is the highest and best bid for said bonds, considering the in-
terest rates specified and the premium offered, if any,
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 Bean Witter & Co. for $50,000
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 $ ltd..
BInterest Rate
Bond Numbers
Per Annum
B-1 to B-15 5 %
B-16 to B-18 4
B--19 to B--24 31
B-25 to B-30 3 3/4%
B-31 to B-50 4 %
Said bonds shall bear interest at the said rates here-
inabove set forth, payable semi-annually on the 15th days of
February and. August in each year, except interest for the first
year which is payable in one installment on August 15, 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.
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 2 th day of Ju y �
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196_j_, by the Board of Supervisors of Contra Costa County, by the
following vote:
AYES: Supervisors James P. Kenny, Mel F. Nielsen,
"Phomas Jahn Coll, Edmund A. Linscheid, Joseph
S. Silva.
NOES: Nene .
ABSENT: None .