HomeMy WebLinkAboutResolution 1958 - 0575RESOLUTION NO.575-2
RESOLUTION OF THE BOARD OF DIRECTORS
OF COUNTY SANITATION DISTRICT NO.2
OR ORANGE COUNTY,CALIFORNIA,AWARDING
$4,650,000 BONDS OF SAID DISTRICT
TO THE BEST BIDDER AND REJECTING ALL
OTHER BIDS.
WHEREAS,at the time and place fixed for the opening of bids
for the $4,650,000 bonds of County Sanitation District No.2 of
Orange County,designated ELECTION 1958,SERIES A,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 County Sanitation
District No.2 of Orange County,California,does hereby RESOLVE,
DETERMINE AND ORDER as follows:
Section 1.That the bid of Security Fir8t National Bank of
Los Angeles,California,-Co-Manager
Blyth &Co.,Inc.-Co-Manager
Allen (E.Ray)&Company,Inc.
Bacon,Whipple &Co.
Boettcher and Company
J.C.Bradford &Co.
Braun,Bosworth &Co.,Incorporated
Edward L.Burton &Company
California Bank
Commerce Trust Company
Equitable Securities Company
First Western Bank &Trust Company
Frantz Hutchinscrn &Co.
Glore,Forgan &Co.
Goldman,Sachs &Co.
Hannaford &Talbot
Harriman Ripley &Co.,Incorporated
Ira Haupt &Co.
J.A.Hogle &Co.
Hornblower &Weeks
E.F.Hutton &Company
McDonald-Moore &Co.
R.H.Moulton &Company
R.W.Pressprich &Co.
Rand &Co.
The Robinson-Humphrey Company,Inc.
Schwabacher &Co.
Shearson,Hammill &Co.
Herbert J.Simms &Co.,Inc.
William R.Staats &Co.
Stern Brothers &Co.
Taylor and Company
White,Weld &Co.
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offering par3 accrued interest to date of delivery and a premium
of $4,571.00 for said bonds to bear interest payable annually the
first year and sem~annuallr thereafter at the rates of:
Rates Years
6%1960 -1973
197)4
3-3/4%1975 -1985
1%1986 -1989
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 rates on said bonds are hereby
fixed at the rates stated In Section 1 hereof.
Section 4.The County Treasurer of Orange County 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.
The above and foregoing Resolution No,575-2 was regularly
passed and adopted by the Board of Directors of County Sanitation
District No.2 of Orange County,California,at a regular adjourned
meeting of said Board on the 19th day of Novenber,l9~i8.
~
Secretary,Board of Directors
County Sanitation District No.2
Orange County,California
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STATE OF CALIFORNIA)
ss
COUNTY OF ORANGE )
I,ORA MAE MERRITT,Secretary of the Board of Directors of
County Sanitation District No.2 of Orange County,California~do
hereby certify that the above and fcregoing Resolution No.575-2
was regularly passed and adopted at a regular adjourned meeting
of said Board on the 19th day of November)1958,by the following
roll call vote:
AYES:Howard M.Cornwëll,Glenn G~Fry,A.A.Hall,Jim Kanno,
W~A.Ma~1nnon,Rex A.Parks)RaymOnd L.Pound,
Frank L Schweitzer,Jr.,Walter W.Wàlke±’and Willi~m
H.Hirstein.
NOES:None
ABSENT:None
IN WITNESS WHEREOF,I have hereunto set my hand-and affixed
the official seal of County Sanitation District Nd~2 ‘of Orange.
County,California,this 19th day of November,1958’.
Secretary2 Board ofDirector.s
County SanItation District No,2
Orange County,California
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