HomeMy WebLinkAbout1961-11-21; Municipal Water District; Resolution 152RESOLUTION NO. 152
RESOLUTION OF THE BOARD OF DIRECTORS OF CARLSBAD MUNICIPAL
-WATER DISTRICT AWARDING $690, 000.00 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
$690, 000. 00 bonds of Carlsbad Municipal Water District for Improvement Dis-
trict No. 4 designated, WATERWORKS BONDS, ELECTION 19 6 1, and numbered
1 to 690, inclusive, 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, THEmFORE, the Board of Directors of Carlsbad Municipal
Water District does hereby RESOLVE, DETERMINE AND ORDER as follows:
Section 1. That the bid of John Nuveen & CO. offering:
Par
No Premium, and accrued interest to date of delivery
for said bonds to bear interest payable annually the
first year and semiannually thereafter at the rates of:
Rates Years
4-1/270 1962 to 1978
4% 1979 to 1989
3-1I270 1990 to 1991
is the bid for said bonds yielding the lowest net interest cost.
accepted and the bonds awarded to said best bidder in accordance with the terms of
the proposal.
Said bid is hereby
Section 2. That said bid accepted in Section 1 hereof did request that
a certified copy of the approving legal opinion of O'Melveny & Myers be printed
on the back of each bond at no expense to the successful bidder.
Section 3. 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 ac-
companying said rejected bids to the respective bidders.
Section 4. That the interest rates on said bonds are hereby fixed
at the rates stated in Section 1 hereof.
Section 5. The Treasurer of the District is hereby directed to
deliver said bonds to the successful bidder upon payment therefor and accrued
interest to date of delivery, if any.
ADOPTED, SIGNED AND APPROVED this 2 1st day of November, 196 1.
ALLAN 0. KELLv
President of the Board of Directors
of Carlsbad Municipal Water District.
ATTEST:
Richard R. Coe
RICHARD R. COE
Secretary of the Board of Directors
of Carlsbad Municipal Water District.
(SEAL)
STATE OF CALIFORNIA:
COUNTY OF SAN DIEGO: : ss.
I, RICHARD R. COE, Secretary of the Board of Directors of Carlsbad
Municipal Water District, DO HERE:BY CERTIFY that the foregoing resolution
was duly adopted by the Board of Directors of said district at a regular meeting
of said Board held on the 21st day of November, 1961, and that it was so adopted
by the following vate:
AYES: Directors : Carnohan, Coe, Greek, Kelly,
Maerkle
NOES : Directors: None
ABSENT: Directors: None
(SEAL)
Secretary of Carlsbad Municipal Water
District and of the Board of Directors
thereof.