HomeMy WebLinkAbout1958-01-30; Municipal Water District; Resolution 71RESOLUTION NO. 71
RESOLUTION OF THE BOARD OF DIRECTORS OF CkRZ1SBAD MUNICIPAL WATER DISTRICT AbfARDING si;350,000 BONDS OF SAID DISTRICT FOR IMPROVEIJIEMT DISTRICT NO. 2 THEREOF TO THE BEST BIDDER AND REJECTING ALL OTHER BIDS.
WEREAS, at the time and place fixed for the
opening of bids for the #350,000 bonds of Carlsbad
Municipal Water District for Improvement District No. 2,
designated BONDS OF CARLSBAI) MUNICIPAL IfATER DISTRICT FOR
IMPROVEMENT DISTRICT NO. 2, ELECTION 1957; SERIES 1, ad
numbered 1 to 350, inclusive, all bids were publicly
opened, examined and read, and a tabulation thereof has
c been entered in the minutes; and
WHEREAS, the bid of the bidder hereinafter named
is the beet bid made by a responsible bidder for eald bonde;
NOW, THEREFORE, the Board of' Directors of Carlsbad
Municipal Water District does hereby RESOLVE, DETE3MINE AND
ORDER as fOllOW8:
Section 1, That the bid of Blank of Amerloa
National Trust and Bavings Association, Taylor & Com~am,
and Jones & CosRrove & Miller
offering par, acorued interest to date of delivery and a
premium of $b29.00 for said bond6 to bear interest
payable annually the first year and semiannually there-
dter at the ratee of:
- Rates
5$
- Years
1958 to 1988
c
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 p~opoaal.
Section 2. That all bid6 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.
Secttion 3. That the interest ratet(8) on said
bonda la (are) hereby fixed at the ratefs) stated in
Section 1 hereof.
Secrtion 4. The Treasurer of the district le
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 30th day of
January, 1958 .
and of the Board of Directors thereof. ATTEST:
A
Secretary of Carlsbad Munioiml Water District
and of said Board.
2.
STATE OF CALIFORNIA 1 1 88. COUNTY OF SAN DIE0
I, Max 0. EWad Secretary of the Board of Direotors of Carlsbad Munioi~al Mater District, DO HEREBY CEXTIFY thati the foregoing resolution wa8
duly adopfed by the Board of Directors of aaid dietrict at ad.lourned regular meeting of said Board held on the 30th day of January, 1958, and that it was 80 adopted by the fo2lowing vote:
AYES: Direotors EWALD, FRY, my, ROGERS
(SEAL)
- ~- ~- - ~ ~
NOES: Direotors NONE
ABSENT: Directors NONE
n
. Secretary of Carisbad, ediunioiml. ‘iiater Dietrlct and of the Board of Directore thereof
.