HomeMy WebLinkAboutResolution 1958 - 0577RESOLUTION NO.577-11
RESOLUTION OF THE BOARD OF DIRECTORS
OF COUNTY SANITATION DISTRICT NO.11
OF ORANGE COUNTY,CALIFORNIP,AWPRDING
$1,515,000 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 $1,515,000 bonds of County Sanitation District No.11 of
Orange County,designated ELECTION 1958,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.11 of Orange County,California,does hereby RESOLVE,
DETERMINE AND ORDER as follows:
Section 1.That the bid of Security First National Baflk of
Los Angeles,Ca1ifor~ia,-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 Corporation
First Western Bank &Trust Company
Frantz Hutchinson &Co.
Glore,Forgan &Co.
Goldman,Sachs &Co.
Hannaford &Talbot
Harriman Ripley &Co.,Incorporated
Ira Haupt &Co.
J.A.1-togle &Co.
Hornblower &Weeks
E.F.Hutton &Company
McDonald-Moore &Co.
R.H.Moulton &Company
R.W.Pressprlch &Co.
Rand &Co.
The Robinson-Humphrey Company,Inc.
Schwabacher &Co.
Shearson,Hammill &Co.
Herbert J.Sims &Co.,Inc.
William R.Staats &Co.
Stern Brothers &Co.
Taylor and Company
White,Weld &Co,
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offering par,accrued ±nterest to date of delivery arid a premium
of $521.00 for said bonds to bear interest payable annually the
first year and semiannually thereafter at the rates of:
Rates Year
6%1960 -1974
4%1975 -1976
3-3/4%1977 -1986
4%1987 -1989
1%1990 -1999
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.
V
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 foregoing Resolution No.577-11 was passed and adopted at
a regular adjourned meeting of the Board of Directors of County
Sanitation District No.11 on the 19th day of November,1958.
~
Secretary,Board of Direc ors
County Sanitation District No.11
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.11 of Orange County,California,
do hereby certify that the above and foregoing Resolution
No.577-11 was regularly passed and adopted at a regular
adjourned meeting of said Board on the 19th day of November,
1958 by the ronowing roll call vote:
AYES:Earl T.Irby,Victor Terry 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.11 of Orange
County,California,this 19th day of November,1958.
Seci~~ry,Board of Directors
County Sanitation District No.11
Orange County,California
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