Reso 0140-11-1960 RESOLUTION NO. 140
RESOLUTION OF THE BOARD OF DIRECTORS
OF SAN MARCOS COUNTY WATER DISTRICT
AWARDING $600,000 BONDS OF SAID DIS-
TRICT FOR IMPROVEMENT DISTRICT N0.5
TO THE BEST BIDDER AND REJECTING ALL
OTHER BIDS.
WHEREAS, at the time and place fixed for the
opening of bids for the $600,000 bonds of San Marcos County
Water District, designated" BONDS OF SAN MARCOS COUNTY
WATER DISTRICT FOR IMPROVEMENT DISTRICT N0.5, SEWER BONDS,
1960," and numbered 1 to 600, 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:
Section 1. That the bid of Taylor and Company,
439 N. Bedford Drive, Beverly Hills, California
offering par, accrued interest to date of delivery, and a
premium of $ none for said bonds to bear interest
payable annually the first year and semiannually thereafter
at the rates of:
Rates Years
5.00 % 19 61 to 19 79
~.7~ % m9 8_9_o to 19 86
4-87~ % 19 87 to ~, 2000
..... % 19-__m- to 19 --
.Dist.Bonds
Award Resn.
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 accompany-
ing 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 15th day of
November , 1960 .
President of
San Marcos County Water
District and of the Board
of Directors thereof.
ATTEST:
Secretary of San Marcos
County Water
District and of said Board.
STATE OF CALIFORNIA
SS.
COUNTY OF SAN DIEGO
I, W. DENNIS WOOD , Secretary of the
Board of Directors of San Marcos County Water District
resolution was duly adopted by the Board of Directors of said
district at an adjourned regular meeting of said Board
held on the 15th day of November , 19 60, and that It
was so adopted by the following vote:
AYES: Directors Blanchard, Mahr, Smith
and Trussell
NOES: Directors
ABSENT: Directors Director Dodds
(SEAL) Secretary of San Marcos
County Water District
of the Board of Directors
thereof.