HomeMy WebLinkAboutRESOLUTIONS - 01011968 - 68-706 IN THE BOARD OF SU PERV IS ORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA
In the Matter of Sale of RESOLUTION NUMBER 68/746
Eoraga Sehool Dilatkiet 1967 }
johool Bonds, Series B. }
235000-
WHEREAS
35f 00- WHEREAS the Board of Supervisors of Contra Costa County,,
State of California, heretofore duly authorized the issuance of
$ 1,404 000 principal amount of bonds of
moraga School District
of Contra Costa County; and further duly authorized the sale of
$235, 000 designated Series B
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 bands were and are the only bids
received by said Board of Supervisors, to wit :
Net Interest Cost
Name of Bidder to District
Paine, 'Kebber, Jackson, and Curtis $123,730.00
Bank of America, N. T. & S. A. 124, 193.60
Crocker-Citizens 124, 225.00
wells Fargo 124# 249.00
RESOLUTION CUMBER 68/706
67--6-200
Form #22.2
AND, WHEREAS the said bid of Paine, webber, Jackson, and
Curtis
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.
ollows:1. Said bid of Paine, Webber, Jackson, and Curtis for
$235,000
par value of said bonds shall be, and is hereby accepted and the
Treasurer of Centra 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:
Pear and accrued interest to date of delivery,
plus a premium of $ 0
Interest Rate
Band .Numbers per Annum
8--1 thru B-32 5%
B-33 thru B--39 4.90%
H-44 thru B-47 5%
Said bonds shall be in the denomination of $ 5,400 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 April 15 and October 15 in each bear,
except interest for the first year which is payable in one installment
on October 15, 1969.
2. All other bids are rejected and the Clerk of this Board
is directed to return the bid checks which accompanied the
unsuccessful bids.
6-67-200 RESOLUTION NUMBER 68,/706
Farm #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 1,5t day of OcIgbox ,
196_,, by the .Board of Supervisors of Contra Costa County, by the
following vote
,AYES : Supervisors J. P. Kenny, J. E. Moriarty, A. M. Dias.
NOES: None.
ABSENT: supervisors E. A. Linscheid, T. J. Call.
67-6-200 RESOLUTION NUMBER 68/706
Forza x#22.2
Page 3