HomeMy WebLinkAboutRESOLUTIONS - 01011968 - 1968-445 IN THE BOARD OF SU PER V IS ORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA
In the 'Matter of Sale of }
1967 Richmond Unified School )
District Bonds, Series B, Resolution No 68/445
$2, 000,000.
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WHEREAS the Board of Supervisors of Contra Costa County,
State of California, heretofore duly authorized the issuance of
6.490, OgO;_ principal amount of bonds of
Richmond Unified School District
of Contra Costa County; and further duly authorized the sale of
$2,O00,000 designated 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
received by said Board of Supervisors, to wit :
Net Interest Cost
.Name of Bidder to District
Crocker-Citizens National Bank $1,all,500
United California Bank 1,025,090
Wells Fare Bank 1,026,599
Bank of America 1,029,430
Bank of California 1.,035,140
RESOLUTION NUMBER 68/445
b?-b-200
Form #22.2
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AND., WHEREAS the said bid of CROCKER-CITIZENS NATIONAL
BANK
is the highest and best bid for said bonds, considering the interest
rates specified and the premium offered, if any,
NOW, THEREFORE. BE IT RESOLVED by the Board of Supervisors
of the County of Contra Costa, State of California, as follows.-
1. Said bid of CROCKER-CITIZENS NATIONAL BANK
for $2,000,000
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 $ -0-
Interest Rate
Bond Numbers per. Annum
B-1 thru B-140 5%
8-141 thru B-180 41�%
B-181 thru B-300 4 3/4%
B-301 thru B-400 4 7/8%
Said bonds shall be in the denomination of $ 5,000 each
in accordance with the Official Notice of Sale,, and bonds shall bear
interest at the said rates hereinabove set forth, payable semi-
annually on February 1 and August 1 in each year,
except interest for the first year which is payable In one installment
on August 1, 1969.
2. All other bids are rejected and the Clerk of this Board
is directed to return the bid cheeks which accompanied the
unsuccessful bids.
RESOLUTION NUMBER 68/445
6-67-200
Form #22.2
Page 2
3. The Clerk of this Board of Supervisors is directed
to cause to be lithographed, printed or engraved a sufficient
number 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 9p.11 day of 'Iulu ,
196 8 # by the Board of Supervisors of Contra Costa County, by the
following vote :
AYES: Supervisors J. P. Kenny, J. E. Il:)riarty,
A. M. Dias.
NOES: None.
ABSENT.,., Supe.rvisors T. J. CE'll, E. A. LinscIhei.d.,
67-6-200 RESOLUTION NUMBER 68/445
Form. #22.2
Page 3