Reso 0056-05/1958 RESOLUTION NO. 56
RESOLUTION OF THE BOARD OF DIRECTORS
OF SAN MARC OS COUNTY WATER
DISTRICT AWARDING $ 200,000 BONDS
OF SAID DISTRICT TO THE BEST BIDDER
AND EJECTING ALL OTHER BIDS.
WHEREAS, at the time and place fixed for the opening
of bids for the $ 200.000 bonds of San Marcos Count~
Water District,
Bonds of San Marcos County Water District for
designated Improvement District No. l, Sewer Bonds 1958
Bonds 19___ and numbered 1 to 200 , inclusive, all
bids were publicly opened, examined and read, and a tabulation
thereof has been entered in the minutes; and
WHEREAS, the bid of the bidder heroinafter named is
the best bid made by a responsible bidder for said bonds;
NOW, THEREFORE, the Board of Directors of
San Marcos County Water District
does-hereby RESOLVE, DETERMINE AND ORDER as follows;
Include Section 1 That the bid of
names of
all J.B. Hanauer & Co. of Beverly Hills, Calif.
m~mbers '
of a
syndicate
offering par, accrued interest to date of delivery and a
premium of $ 103.00 for said bonds'to bear interest
payable annually the first year and semiannually thereafter
at the rates of:
Rates Years
5-3/4% 1961 to 1998 incl.
% 19 to 19
% 19 to
% 19... to 19 .....
% 19 ._ to 19__
is the bid for said bonds yielding the lowest net interest
cost. Said bid is hereby accepted and the bonds awarded to
said best bidder in accordance with the terms of the proposal.
Section 2. That all bids other than the one
accepted in Section 1 hereof are rejected and the Secretary
of the district is directed to return the check accompanying
said rejected bids to the respective bidders.
Section 3. That the interest rate(s) on said bonds
is ( are ) hereby fixed at the rate( s ) stated in Section i hereof.
Section 4. The Treasurer of the district is.hereby
directed to deliver said bonds to the successful bidder upon
the payment of par, accrued interest to date of delivery and
the premium above stated.
ADOPTED, SIGNED AND APPROVED this 13th day of
May , 1958 ·
t ' cos County
ter District
.~n~d o the Board of Directors
thereof.
ATTEST~
Secretary of San Marcos
County Water'District
and o~ said Board.
(SEAL)
o
STATE OF CALIFORNIA
SS.
COUNTY OF SAN DIEGO
I, ANNA D. CHARLTON , Secretary of the
Board of Directors of San Marcos Count Water ' '
resolution was duly adopted by the Board of Directors of said
district at aj3' adjo~ne regular meeting of said Board
held on the I day o~ May , 19 58, and that it
was so adopte2~y the following vote:
AYES: Directors Mah~. Hazeltine. Trussell
Smith, and Wells
NOES: Directors None
ABSENT: Directors None
( SEAL ) Sc~*'reta~y'o~ 'San Marcos County
Water District
and of the Board of Directors
thereof.