HomeMy WebLinkAboutBOARD MINUTES 02-09-50
206
MINUTES OF AN ADJOURNED MEETING OF THE
DISTRICT BOARD OF CENTRAL CONTRA COSTA SANITARY
DISTRICT HELD FEBRUARY 9.1950
The District Board of Central Contra Costa Sani tA.ry District
convened in adjourned session at its regular place of meeting 10-
cated at 1822 Mt. Diablo Boulevard, in the City of Walnut Creek,
County of Contra Costa, State of California, at the hour of 11:00
0'c10cl~ a.m., February 9, 1950.
The meeting was called to order by President Wadsworth and the
following roll was called:
PRESENT:
ABSENT:
Members Johnson, Cornwall and Wadsworth
Members Smitten and Toland.
OPENING BIDS FOR $30,000 BONDS OF PACHECO
HIGHWAY JUNCTION ISSUE OF 1948
One bid was received for the purchase of $30,000 bonds of Pach-
eco-Highway Junction Issue of 1948, as follows:
IIDistrict Board of Central Contra
Costa Sanitary District
1822 Mt DiB.b10 Bou1evRrd
Walnut Creek, California
February 9, 1950
Gentlemen:
Urn accordance with the official Notice of Sale dated Janul3.ry 19,
1950, for all but no part of the legally issued $30,000 par value
Central Contra Costa Sanitary District Pacheco and Highway Junction
Annexation Issue of 1948 Bonds; dated December 15, 1948; of the
denomination of $1,000 each; interest payable semi-annually on June
15 and December 15 in each year, and maturing: $2,000 par value on
December 15 in each of the yea.rs 1954 to 1968, both years inclusive;
. we bid as follows:
1\ $20,000.00 par value maturing December 15, 1954 to December
15, 1963 inclusive, bearing interest at 4%,
II $10,000.00 par value maturing December 15, 1964 to December
15, 1968 inclusive, bearing interest at 3- 3/ 4.%,
II and we will pa.y par and accrued interest to date of deli very, plus
a premium of $59.00.
IIEnc10sed is our Cashier's check in the amount of $1,000 which is to
be held by you uncashed and is to be returned to us in the event you
are unable to award the bonds to us in accordance with the terms of
our bid.
Respectfully submitted,
Bank of America N.T. & S.A.
By- A. D. Cvietusa.1I
02
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50
20.7
Member Johnson, seconded by Member Cornwall, moved the adoption
of Resolution No. 537:
.
RESOLUTION NO. 537
RESOLUTION OF THE DISTRICT BOARD OF CENTRAL
CONTRA COSTA SANITAFY DISTRICT OF CONTRA
COSTA COUNTY, CALIFORNIA, SELLING $30,000
PRINCIPAL AMOUNT OF BONDS OF CENTRAL CONTRA
SANITARY DISTRICT, PACHECO AND HIGHWAY JUNC-
TION ANNEXATION ISSUE OF 1948
It is hereby resolved by the District Board of the Central Contra
Costa Sanitary District that the bid of the Bank of Am~r~ca being the
highest and best bid for the ,purchase of those bonds referred to in
Resolution No. 535 which is hereby referred to and for reference made
a part hereof, be and the same hereby is accepted in accordance with
the terms of said bid dated February 9,1950, which is simi1arly here-
by referred to and made a part hereof.
It is further resolved that the TreaSurer of the County of Contra
Costa is hereby authorize~ and directed to deliver said bonds to said
purchaser thereof upon payment to said ~reasurer of the purchase price,
to-wit, said par value thereof and a premium of Fifty Nine dollars,
together with accrued interest at the rates set forth in the bid here-
in referred to. Said rates being as follows:
$20,000.00 par value maturing December l5, 1954 to December
15, 1963, inclusive, bearing interest at 4.%,
$10,000.00 par value maturing December 15, 1964 to December
15, 1968 inclusive, bearing interest at 3-3/4%,
Said bonds in the principal amount of $30,000 shall be numbered,
mature and bear interest at said rates so set forth payable semi-
annually on June 15th and Dec. l5th.
It is further resolved that the Secretary of said District Board
is directed to cause to be lithographed, printed or engraved a suffic-
ient number of blank bonds and coupons of suitable quality said bonds
and coupons to show on their face that the same bear interest at the
rate(s) aforesaid. '
PASSED AND ADOPTED this 9th day of February, 1950, by the follow-
ing vote:
AYES:
NOES: '
ABSENT:
Directors: Johnson, Cornwall and Wadsworth
None
Directors Toland and .Smitten.
Isl R. E. Wadsworth, President of the
District Board of Central Contra
Costa Sanitary District of Contra
Costa County, State of California.
Isl H. M. Smitten, Se~retary
MEMBER TOLAND ARRIVED AT 11;05 a.m.
ADJOURNMENT
President Wadsworth adjourned the meeting to February 16, 1950
at 8:00 o'clock p.m.
preS~f~mst~Board of
Central Contra Costa Sanitary District
of Contra Costa County, State of
California.
/~7~~
Secretary of the District Board
of Central Contra Costa Sanitary
District of Contra Costa County,
State of, California.
02
09
50