HomeMy WebLinkAboutRESOLUTIONS - 01011967 - 67-502 IN THE BOARD OF SUPERVISORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA.
In the Natter of endorsing a. j
Campaign for salmi; of Series E a assoL TCit No. 67/502
Bonds and Freedom Shares to �
County EmploYees.
WHEREAS the Board of Supervisors of the County of
Contra Costa has in the past Ind.i.cated. Its support for sale of
United States Series E Bonds to county employees; and.
WHEREAS the Board of Supervisors of the County of
Contra. Costa has heretofore authorized payroll deduction for
purchase of Series ,1. Bonds; and
WHEREAS the United States Treasury Department has
developed a new plan for bond sales; and
WHEREAS the new savings plan provides for purchase of
nited States Savings Notes which mature in four and one-half
years and bear interest at the rate of 4. 74 per cent compounded
semiannually if held to maturity, said notes being own as
Freedom Shares; and
WHEREAS the Board of Supervisors of the County of
Contra Costa, wishes to reaffirm .its .support of the Urxited. :Mates
Government efforts to increase bond sales to county employees;
NOW, THEREFORE, BE IT RESOLVED that the Board of
Supervisors of the County of Contra Costa does hereby endorse; a
campaign for sake of Series E Bonds and Freedom ,Shams to county
employees during the period August 1-12, 196?; and.
BE IT FURTHER RESOLVED that the Office of the County
Auditor-Controller is authorized to make payroll dedustions for
the new—Freedom Shares as well as Series E Bands; and
BE T FURTHER RESOLVED that the County Auditor-Controller
Is authorized to reapply as an issuin.g agent for 4n.ited. States
Series =_> Savings Bonds and nited. States Savings Nates and., :dor
this ;purpose, to execute a, new issuing Agent - application -
Trust agreement.
PASSED AND ADOPTED this 18th day of jAly, 1967, by the
following Grote of the Board
WES z Supervisors James P. Kenny, Alfred d X. Dias,
james B. Moriarty, Thomas John Coll,
dn.u d A . JiLFI `ld.
NOES: None.
ABSENT: Hone.
RESOLUTION No. 67/502