HomeMy WebLinkAboutRESOLUTIONS - 10172007 - RES-364 IN THE BOARD OF SUPERVISORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA
In the Matter of Sale of
$8,000 San Pablo School
District 1956 bonds, RESC)LUT1NCS." ' ,
Series F and 498,OOO, ON
1961 bonds.
WHEREAS, the Board of Supervisors of Contra Costa County,
State of California., heretofore duly authorized the issuance of
$_
500,000 and $498,000 principal amount of bonds of
San Pablo School District
of Contra Costa County; and further duly authorized the sale of
$,000 1956 bonds designated as Series F and
498,000, 1961 series of
said bonds at public sale to the beat 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
Blyth and Company, Inc. , et al $199,582.50
Bank of California N.A. , et al 202,312.50
Bank of America N.T. & S.A. and
Associates 204,766.00
PtSOLUTI0IV .,
3 4
AND, WHEREAS, .the said bid of Blyth and Come ay, Inc. ,
is the highest and beet 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 Blyth and Company, Inc. , et al, for
44$2000 1956 Series F and $498,000, 1961 Series
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 $1.00
BInterest Rate
Bond Numbers
1956 Series F Per Annum
F - 1 toF - 4 5%
F - 5 toF - 8 341
1961 School Bunds
1 to 96 3%
97 to 192 3J
193 to 292
293 to 446 3--3�
447 to 498 3.9
Said bonds shall bear interest at the said rates here-
inabove set forth, payable semi-annually on May 15 and
November 15 in each year, except interest for the first
year which is payable in one installment on November 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.
RESOLUTION No
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 10th day of October ,
196 10 by the Board of Supervisors of Centra Costa County, by the
following vote :
AYES: Supervisors James P. Kenny, Teel F. Nielsen,
Thomas John Coll, Edmund A.
Linscheid, Joseph S. Silva.
NOES: None.
ABSENT: None.
lesoL urtorq .