Reso 0073-10/1958 RESOLUTION NO. 73
RESOLUTION OF THE BOARD OF DIRECTORS
OF SAN MARCOS COUNTY WATER
DISTRICT AWARDING $250,000. BONDS
OF SAID DISTRICT TO BEST BIDDER
AND REJECTING ALL OTHER BIDS.
WHEREAS, at the time and place fixed for the opening
of bids for the $ 250,000 bonds of San Marcos County
Water District,
designated Improvement District No. 2, Sewer Bonds. 1958
~x~x~ and numbered 1 to 250 , 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 hereinafter 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 Bank of America National Trust &Savings Association,
members
of a San Francisco, Calif.
syndicate
offering par, accrued interest to date of delivery and a
premium of $ 99.00 for said bonds to bear interest
payable annually the first year and semiannually thereafter
at the rates of:
Rates Years
6 ~ 1961 to
5-3/4 % 1974, to 19 77
5-1/4 % 1978 to 1988
5 % 1989 to 1998
% 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 30th day of
October , 1958
thereof.
ATTEST:
Secretary of San Marcos County
Water District
and of said Board
(SEAL)
STATE OF CALIFORNIA
SS.
COUNTY OF SAN DIEGO
I, ANNA D. CHARLTON , Secretary of the
, D0 HEADY CEHTIFY ing
resolution was duly adopted by the Board of Directors of said
held on the 30th day of October, 1958 and that it
was so adopted by the following vote:
AYES: Directors Mr, Hazeltine, Trussell,
Smith, and Wells
NOES: Directors None
ABSENT: Directors None
(SEAL) Secretary of San Marcos County
Water District
and of the Board or Directors
thereof.