HomeMy WebLinkAboutResolution 1958 - 0576RESOLUTION NO.576-3
RESOLUTION OFLTHE BOARD OF DIRECTORS
OF COUNTY SANITATION DISTRICT NO.3
OF ORANGE COU!TTY,CALIFORNIA,AWARDING
$9,715,000 BONDS OF SAID DISTRICT
TO THE EEST BIDDER AND REJECTING ALL
OTHER BIDS.
WHEREAS,at the time and place fixed for the opening of bids
for the $9,715,000 bonds of County Sanitation District No.3 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.3 of Orange County,California,does hereby RESOLVE,
DETER~1INE AND ORDER as follows:
Section 1.That the bid of Security First National Bank of
Los Angeles,Californ:La -Co-Manager
Blyth &Co.,Inc.-Co-Manager
Allen (E.Ray)&Company,Inc.
Bacon,Wh1ppie &Co.
Boettcher and Company
J.C.Bradford &Co.
Braun,flo~worth &Co.,Incorporated
Edward L.Burton &Company
Cal1forn~a Bank
Commerce Trust Company
Equitable Securities CorporatIon
First Western Bank and Trust Company
Frantz Hutchinson &Co.
Glore,Forgan &Co.
Goldman,Sa~hs &Co.
Hannaford &Talbot
Harriman Ripley &Co.,Incorporated
Ira Haupt &Co.
3.A.Hogle &Co.
Hornblower &Weeks
E.F.Hutton &Company
McDonald-Moore &Co.
R.H.Moulton &Company
R.W.Presaprich &Co.
Rand &Co.
The Robinson-Humphrey Company,Inc.
Schwabacher &Co.
Shearson,Hammi].l &Co.
Herbert 3.Simrns &Co.,Inc.
William R.Staats &Co.
Stern Brothers &Co.
Taylor and Company
White,Weld &Co.
—1—
offering par,accrued interest to date of delivery and a premium
of $12,731.00 for said bonds to bear interest payable annually the
first year and semiannually thereafter at the rates of:
Rates Years
6%1960 -19714
14%1975 -1976
3_3/14%1977 -1986
1%1987 -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 14.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 foregoing Resolution No.576-3 was passed and adopted at
a regular adjourned meeting of the Board o~f Directors of’.Uoun’ty
Sanitation Distr.ict No.3 oh the 19th day of November,1958.
Se~~ary,Board of Directors
County Sanitation District No.3
Orange County,California
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S
STATE OF CALIFORNIA)
ss
COUNTY OF ORANGE )
I,ORA MAE MERRITT,Secretary of the Board of Directors of
County Sanitation District No.3 of Orange County,California,do
hereby certify that the above and foregoing Resolution No.576-3
was regularly passed and adopted at a regular adjourned meeting
of said Board 9fl the l~th day of Novethber,1958,by the foli~Wing
roil call vote:
AYES:Thomas Baroldi,Herbert Cook,Howard M.Cornwell,
John R.Dunham,Glenn G.Fry,Paul C.Furman,Jim Kanno,
W.A.MacKj.nnon,William A.Peak,Frank J.Schweitzer,Jr.,
Walter W.Walker,Earl T.Irby and William H.Hirstein.
NOES:None
ABSENT:None
IN WITNESS WHEREOF,I have hereunto set my hand and affixed
the official seal of County Sanitation District No.3 of Orange
County,California,this 19th day of November,1958.
1Z ~
Secretary,Board of Directors
County Sanitation District No.3
Orange County,California
.~
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