HomeMy WebLinkAboutDistrict 05 Minutes 1952-01-23MINUTES OF REGULAR MEETING
BOARD OF DIRECTORS
COUNTY SANITATION DISTRICT NO.5
January 23,1952 at ~:OO p.in.
Board of Supervisors’Room
Court House
Santa Ana,California
Chairman Finch called the joint meeting of the Districts’
Boards to order at ~:OO p.m.
The roll was called and the Secreta~’y reported a quorum of
the Board to be present.
Directors present:Braden Finch (Chairman)
L.L.Isbell
Willis H.Warner
Directors absent:None
Others present:Raymond R.Ribal,Chief Engineer and
General Manager
C.Arthur Nisson,Jr.,Attorney
Judge E.J.Marks
Harry Ashton
L.H.Eckel,County Auditor
Vic Heim
Carl J,Thornton
W.H.Goodrich
R,B.Wright
Willard Smith
K.J.Harrison
J.A.Woolley
Ora Mae Merritt,Secretary
Approval of A motion was made,duly seconded and
_carried,ap~)roving the mirrntes of the
meeting bald on January 9,1952,as
mailed out.
Opening of Sealed The hour of ~:OO p.m.having arrived ~and
Bids this being the time and place fixed for
the opening of bids for the$796 000
bonds of County Sanitation District No.5 of Orange &unty,
California,the following bids received pursuant to the
notice of sale were publicly opened,examined and read:
Dates Interes~
Name of Bidder Inclusive Par Value Rates Premium
Bank of America 1952—1955 $80,000 6 %)$l,L~$9
1956-1973 360,000 2-l/2%)
197L~.-1990 356,000 2-3/L~)
~‘Comtutation of Bids A motion was made,duly seconded and
carried that the bids be referred to
the County Auditor for computation.
~~dmii~~rat A motion was made,duly seconded and
~~~tt_Regj~ter carried,approving the Joint Adminis
trative Warrant Register for signature
and payment of:
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6
Joint Adminis A motion was made,duly seconded and.
trative Warrant carried,approving the Joint Adminis
_trative Warrant Register for signature
and payment of:
Warrant
Demand
No,In Favor Of
______
Tiernan’s Office Equipment
Dennis Printers &Stationers
Orange County Blueprint Shop
Bales Office Equipment Company
Davis Stationers
Raymond FL Ribal
Harrison &Woolley,arid Headman,Ferguson
&Carollo
_________
Mr.Ribal and Mr.Nisson expressed appreciation to Judge
Marks for bringing the Districts along to the sale of bonds
and the attorney for the Districts was instructed by motion
of the Boards to prepare and mail to Judge Marks a resolution
in appreciation of his services.
_____________
A motion was made,duly seconded arid
_________
carried,that the Chief Engineer and
General Manager be authorized to employ
one Engineering Draftsman and two Assistant Engineers at the
salaries recommended in his report to the Directors.
Operating Fund A motion was made by Director Isbefl,
Warrant Register duly seconded and carried,approving
District No.5 Operating Fund Warrant
•
Register for signature and payment of:
Warrant
Demand
No.In Favor Of
______
Newport-Balboa Press $24.00
Recess Upon a motion made,duly seconded and
carried,the Chairman declared a recess
of the meeting of the Boards of Directors of County Sanitation
Districts Nos.2,3,5,6,.7 and 11.
___________
The Boards of Directors of County Sanitatio~
__________
Districts Nos.1,2,3,5,6,7 and 11
reconvened and the Chairman called the
meeting to order at 9:45 p.m.
___________________
The result of the computations on bids for
_________________
the District’s bonds were returned by the
_________________
County Auditor.Chairman Finch read these
computations.
_________________
The Board adopted Resolution No.120-5
_________________
‘awarding the sale of bonds to the Bank
of America.Certified copy of this Reso
lution is attached hereto and made apart
of these minutes.
JA 20
21
22
23
24
25
26
Report of the
Chief Engineer
and General
Manager
Amount
$695.9~
11~.30
13.04
3.42
3.26
4.~O
54000.00
$5 ~,838.80
Mr.Raymond R.Ribal,Chief Engineer and
General Manager read his report to the
Directors.This report is on file in the
office of the Secretary.
Employment of
Staff
5-2
Amount
Reconvened
Session
Return of Compu
tations by County
Auditor
Award of bids on
the bonds
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7
Adjou~rimen~Upon a motion made by Director Willis ~
Warner~seconded by Director L.L.Isbell
~nd duly c~.rried~the Chairmandeclared
the meeting of the Board or ~irectors o~’County Sanitation
District No.5 adjourned a1~9:50 pane
V.J~V~~
Chairman of the Board of Direct~rs
of County Sanitation District No.5
of Orange County,California
ATTEST:
~
Secretary of the Board of Directors
of County Sanitation District No.5
of Orange County,California
—3—
8
RESOLUTION NO.120-5
RESOLUTION OF THE BOARD OF DIRECTORS OF COUNTY
SANITATION DISTRICT NO.FIVE OF ORANGE COUNTY,
CALIFORNIA AWARDING ~79b,000.OO
BONDS OF SAID DISTRICT
WHEREAS,at the time and place fixed for the opening
of’bids for the ~796,000.00 bonds of County Sanitation
District No.Five of Orange County,California,authorized at
an election held in said District on February 2~,1949,all bids
received were publicly opened,examined and read and a tabulation
thereof has been entered in the minutes;and
WHEREAS,the bid ol’the bidder hereinafter named is the
highest and best bid made by a responsible bidder for said bonds,
NOW,THEREFORE,the Board of Directors of County Sani
tation District No.Five of Orange County,California,does hereby
RESOLVE,DETERI’IINE AN])ORDER as follows:
SECTION I.That the bid of Bank of America National
Trust and Savings Association and Associates
____________________
offering par,accrued interest to date of delivery and a premium
of ~i,~9.00 for said bonds,to bear interest at the
rate of 6 per annum on the bonds maturing in the years
1952 to 19 55
,inclusive,at the rate of 2..~1/2%%per annum on
the bonds maturing in the years 19~~_to 1973 inclusive,and at
the rate of 2—3/$per annum on the bonds maturing in the years
19 74 to 19 90
,inclusive,all interest payable annually for
the first year and semiannually thereafter.Said bid is hereby
accepted and the bonds awarded to said hidd~r in accordance with
the terms of its proposai.~
SECTION 2.That all bids other than the one accepted
in Section 1 hereof are rejected and the Treasurer of the County
of Orange is directed to return the checks accompanying said re
jected bids to the respective bidders.
SECTION 3.That the interest rates on said bonds be
and they are hereby fixed at the rates stated in Section 1 here
of.
—1—
S
SECTION 4.That the County Treasurer of the County of
Orange 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.
PASSED AND ADOPTED by the Bcard of Directors of Count.y
Sanitation District No.Five of Orange County,California,this
23~d_day of January,1952,by the following vote:
AYES:Directors Willis H.Warner,L.L.Isbell and
Braden_Finch
_____
NOES:None
________________________
ABSENT:None_____________
______________
STATE OF CALIFORNIA)
ss
COUNTY OF ORANGE )
I,ORA MAE MERRITT,Secretai~y of the Board of Directors of
County Sanitation District N0.Five of Orange County,Calii~ornia,
hereby certify that the above and foregoing resolution was duly
and regu]..~rly adopted by said Board at a meeting thereof held
on the 23rd day of January,1952.
IN WITNESS WHEREOF,I have hereunto set my hand this ~
day of January ,1952.
Secretary of the Board of Directors
of County Sanitation District No.Five
of Orange County,California
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