HomeMy WebLinkAboutRESOLUTIONS - 10172007 - RES-378 IN THE BOARD OF SUPERVISORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA
In the Matter of Sale of
$50,000 Liberty Union
High School District 1952 RESOLUTION NCS:^ 8
bonds, Serie s, E.
WHEREAS, the Board of Supervisors of Contra Costa County,
State of California, heretofore duly authorized the issuance of
600 000 principal amount of bonds of
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Liberty Union High School District
of Contra Costa County; and further duly authorized the sale of
$50,000, designated as Series E
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
}Jean Witter and Company $18,746.50
Hill Richards and Company, Inc. 1$998$.50
Bank of America N.T. & S.A. 19,136.00
and Associates
RESO-LUXTON NZ 378
AND, WHEREAS, the said bid of Dean Witter and Company
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 Dean Witter and Company for 450,000
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 $1.91
Interest Rate
Bond Numbers Per Annum
E - 1 toE - 15 5%
E - 16 toE - 24 36
E - 25 toE - 32 3-3/4
E - 33 toE - 50 4%
Said bonds shall bear interest at the said rates here-
inabove set forth, payable semi-annually on May 1 and
November 1 in each year, except interest for the first
year which is payable in one installment on November 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.
RESOLUTION N0- 378
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 17th day of October ,
1961 , by the Board of Supervisors of Contra Costa County, by the
following vote :
AYES: Supervisors James P. Kenny, Mel F. Nielsen,
Joseph. S. Silva.
NOES: None.
ABSENT: Supervisors Thomas John Coll., Edmund A.
Linscheid.
REVOLUTION NM378