Loading...
HomeMy WebLinkAbout64-023 „Form for Bonds of any Series subsequent t, ries A) I a rwintion atth Mrber Boarti of i.tprririours of BUTTE County,State of California �In re Issue of Bonds of Chico High School District 19.62.__School Bonds,Series....B....... WHEREAS,the board of supervisors of Butte County,State of California,heretofore on the 30th day of April , 1963 ,duly passed and adopted its resolution and order provid- ing for the issuance of$ 1,824,000.OCbrincipal amount of bonds of Chico High School District,designated"19 62School Bonds",as set forth in the records of this board of supervisors;and WHEREAS, in and by said resolution and order said authorized issue of bonds was divided into series of which$9D13.,.0.0.0._-O.0 principal amount were designated "Series A" and the issuance and sale thereof authorized and directed and said bonds of Series A in the amount of$ 900,000.00 have heretofore been issued and sold and the unmatured portion thereof.is now outstanding,and WHEREAS,said resolution provided that the remaining $924,..000.00.--..-.principal amount of said au- thorized issue might be divided into one or more series as the governing board of said district and this board of supervisors might determine; „ . . . . .,o. .. •r..• �+:• �.=.;.o.. c r z•.•.. •.c._'••r .• .:., .e•. • :r.. c o, �. ••)I and this board of supervisors has received a certified copy of a resolution duly adopted by the governing board of said district on the.2 th.day of _February , 19..64_,prescribing the total amount of said bonds to be sold,to wit,$..92.4_:.000.,00 and directing this board of supervisors to divide said authorized issue of bonds into series and to designate said bonds to be sold as Series B____....;and WHEREAS, this board of supervisors has determined, and does hereby declare, that it is necessary and desirable that - -- - - - o•ni;vo.+'a• >- (ally of said remaining bonds of said authorized is- sue be issued and sold for the purposes for which authorized; IT Is THEREFORE RESOLVED AND ORDERED that said resolution providing for the issuance of$_1-x224-,-0.0.0.00 principal amount of 19..62...School Bonds of Chico High School District, is incorporated herein by reference and all of the provisions thereof are made a part hereof and shall be appli- cable to the bonds of said authorized issue herein provided for, except only as herein otherwise expressly provided. $02 0_0Q.00 principal amount of said bonds shall be and constitute an additional series of said issue,to be designated"Series B._.._". Said bonds of Series.B.__.shall be dated June 1, -• 19....6.E shall be...92.4 in number, numbered consecutively from$._- 1 to .B -924 , both n=: H - O'. •= C_T 3 !:O ��'-. _r-C(tc.T: 'liar-2 i a - Or: 3.: T i C -`T -`Of O 7.. O , -O - �� �.T c "-- a i] _ ac. ,.,-. - $4000.00 Principal amount of bonds of Series B shall mature and be payable on June 1, 1965; $5000.00 Principal amount of bonds of Series B shall mature and be payable on June 1st, in each of the years 1966 to 1971, both inclusive; $20,000.00 Principal amount of bonds of Series B shall mature and be payable on June 1st, 1972; $25,000.00 Principal amount of bonds of Series B shall mature and be payable on June 1st, 1973; $30,000.00 Principal amount of bonds of Series B shall mature and be payable on June 1st in each of the years 1974 to 1975, both inclusive; $35,000.00 Principal amount of bonds of Series B shall mature and be payable on uune 1st, 1976; $50,000.00 Principal amount of bonds of Series B shall mature and b ... payable en June 1st, 1977; $55,000.00 Principal amount of bonds of Series B shall mature and be payable on June 1st, 1978; $100,000.00 Principal amount of bonds of Series B shall mature and be payable on June 1st in each of the years 1979 to 1980, both inclusive; $105,000.00 Principal amount of bonds of Series B shall mature and be payable on June 1st, 1981; 1 i $110,000.00 Principal amount of bonds of Series B shall mature and be payable on June 1st, 1982; $115,000.00 Principal amount of bonds of Series B shall mature and be payable on June 1st of each of the years 1983 to 1984, both inclusive. • 7 , • Said bonds of Series..B...shall be signed.by the chairman of said board of supervisors,and by the treasurer or auditor of said county,and shall be countersigned,and the seal of said board placed thereon,by the county clerk of said county or the clerk of the board of supervisors or.by a deputy of either of such officers, and the coupons of said bonds shall be signed by said treasurer or auditor. All such signatures and countersignatures may be printed,lithographed,engraved or otherwise mechanically reproduced,except that one of said signatures or countersignatures to said bonds shall be manually affixed. Said seal may be printed, engraved, stamped or otherwise placed in facsimile on said bonds.Said bonds,with said coupons attached thereto, so signed and exe- cuted,shall be delivered to said county treasurer for safe keeping. IT Is FURTHER ORDERED that said bonds of Series B shall be issued substantially in the following form, to wit: t 't Number UNITED STATES OF AMERICA Dollars .,, ; STATE OF CALWWORNIA • SCHOOL BOND OF Chico _High School District of .Butte County. 19__62__School Bond,Series__B CHICO HIGH SCHOOL DISTRICT of Butte County, State of California, acknowledges itself indebted to and promises to pay to the holder hereof,at the office of the treasurer of said county,on the 1St day of June , 19 ,the principal sum of • One Thousand dollars($1,000.00 ) in lawful money of the United States of America, with interest thereon in like lawful money at the rate of per cent (.__.___.%) per annum, payable at the office of said treasurer on the 1st days ofJune and November of each year from the date hereof until this bond is paid (except interest for the first year which is payable in one installment at the end of such year). • This bond is one of a duly authorized issue of bonds of like tenor(except for such variation,if any,as may be required to designate varying series,numbers,denominations, interest rates and maturities),amounting in the aggregate to$.1y..6.4.Q.,.Dag-0.0 °,and is authorized by a vote of more than two-thirds of the voters voting at an election duly and legally called,held and conducted in said district on the 6th day of NOV&[tber ,1962 ,and is issued and sold by the board of supervisors of Butte County,State of California,pursuant to and in strict conformity with the provisions of the Constitution and laws of said State. • And said board of supervisors hereby certifies and declares that the total amount of indebtedness of said district, including the amount of this bond, is within the limit provided by law, that all acts, conditions and things required by law to be done or performed precedent to and in the issuance of this bond have been done and performed in'strict conformity with the laws authorizing the issuance of this bond, that this bond and the interest coupons attached thereto are in the form prescribed by order of said board of supervisors duly made and entered on its minutes and shall be payable out of the interest and sinking fund of said district, and the money for the redemption of this bond,and the payment of interest thereon shall be raised by taxation upon the taxable property of said district. IN WITNESS WHEREOF said board of supervisors has caused this bond to be signed by its chairman and by the auditor of said county, and to be countersigned by the county clerk,and the seal of said board to be March 64 placed hereon,the day of , 19 [sEhL] Chairman of Board of Supervisors COITNTERSIGNED: - County Auditor County Clerk IT Is FURTIIER ORDERED that to each of said bonds of Serics.B..shall be attached interest coupons sub- stantially in the following form,to wit: The Treasurer of Coupon No Butte County, State of California, will pay to the holder hereof out of the interest and sinking fund of the Chico High School District in said County,on the 1st day of June ,19..... ._ at his office in Orovulle ,in said County,the sum $ shown hereon,being interest then due on 1962 School Bond No. B - Series B ,of said District, dated , 19 County Auditor IT Is FURTHER ORDERED that the money for the redemption of said bonds of Series..B__and payment of the interest thereon shall be raised by taxation upon all taxable property in said district and provision shall be made for the levy and collection of such taxes in the manner provided by law. IT Is FURTHER ORDERED that the clerk of said board of supervisors shall cause a notice of the sale of said bonds of Series.B...to be published at least two weeks in a newspaper of general circulation,printed and published in said County of Butte and therein advertise for bids for said bonds and state that said board of supervisors will up to_Tueaday the. 5th day of May , 19 64,21 11:00 o'clock a• m.,of said day, receive sealed proposals for the purchase of said bonds,for cash,at not less than par and accrued interest, and that said board reserves the right to reject any and all bids for said bonds. The foregoing resolution and order was passed and adopted by the Board of Supervisors of BUTTE County,State of California,at a —.— regular meeting thereof held on the 31stday of March 1g 64 by the following vote,to wit: Axes: Supervisors Giles, Pryde, Steinegger and Chairman McKillop Noes: None ASSENT: Supervisor Alldredge . WITNESS my hand and the seal of said Board of Supervisors this 31st day of March ._,19....6.4 JESSIE ROGERS County Clerk and ex-officio Clerk of the Board of Supervisors • ) Deputy Nofgs—Delete this clause if only Series A bonds are outstanding;repeat this clause for e`..fch series subsequent to Series B, 'Delete if all or remaining bonds are to be issued. tDclete if only portion of remaining bonds arc to be issued, °Insert amount of TOTAL authorized issue. SPECIAL NOTES: Education Code Section 21809 provides that the bonds shall be signed by the chairman of the board of supervisors,"or by such other member thereof as the board of supervisors shall by resolution adopted by a four-fifths vote of all its members,authorize and designate for that purpose". If it is desired to have the bonds signed by such member rather than the chairman, then the Resolution and Order,and the bond form, should he changed accordingly,and the Resolution and Order must be adopted by such four-fifths vote. Education Code Section 22051 provIerafar redemption of school bonds prior totheir maturity ai the option of the governing-board of the school district.The preseribcrl statutory procedure and the wide diversity of possible redemption provisions render iu:procticable a general printed form for snob matters.Is is therefore suggested,should redemption provisions be desired,that competent financial and legal advice be first obtained, This form is for use only when the principal amount of any_issue has been divided into two or more series and a series subscrtuentto Series A is being issued.If the bonds being issued•are Series A use Form No.5015-A instead of this form,If the issue has not been divided into two or more series use Form No.5015. t Cs H i 1,• g3 w o oo � .. tgt 1_ Ch. • 00.