HomeMy WebLinkAboutRESOLUTIONS - 10172007 - RES-385 IN THE HOARD OF SUPERVISORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA
In the batter of Sale of
58,000 Pinole-Hercules 385 Union School District 1954 RE GL.U.�"ION
bonds, Series D and 1$7,000 NU�
1956 bands, Series D.
WHEREAS, the Board of Supervisors of Contra Costa County,
State of California, heretofore duly authorized the issuance of
300,000 and ti.900.009 principal amount of bands of
Pinole-Hercules Union School District
of Contra Crista County; and further duly authorized the sale of
58)000 1954 bonds designated as Series D and
187,000 1956 bonds desigaated as Series D of
said bonds at public sale to the best and highest bidder therefor;
and
WHEREAS, notice of the sale of said boas 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 Supervisorsi to wit .
Net Interest Cost
Name of Bidder to District
First Western Bank and Trust
Company $9$,087.50
Wells Fargo Bank American
Trust Company, et al 99,465.00
Bank of America N.T. & S.A.
and Associates. 100,141.00
Company AND, WHEREAS, the said bid of First Western Bank and Trust
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 RESOLVED by the Board of Super-
visors of the County of Contra Costa, State of California, as
follows
1. Said bid ofst Western Bank and Trust Company for
58,OOC� 1954 Series D and W7,000, 1956 Series D
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 $ None
Interest Rate
Bond Numbers Per Annum
D - 1 thru D _ 13 1234 Series D 5
D - 14thru D - 22 3
D .- 23 thru D ;- 31
D - 32 thru D - 40 3- /4
D - 41 thru D - 58 12.36 Series D 4
D -- 1 thru D - 35 5
D -- 36 thru D - 44 4
D - 45 thru D - 62 3
D - 63 thru D - 80 3J
D .. 81thru D _ 137 3
D -138 thru D �- 187 3-3/4
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.
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 2Lth day of October r
196_L, by the Board of Supervisors of Contra Costa County, by the
following vote.
AYES: Supervisors James P. Kenny, Mel F. Nielsen,
Thomas Jahn Coll, Edmund A. Dinscheid,
Joseph S. Silva.
NOES: None.
ABSENT: None.
RESOLUtm NO. 385