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1 RESOLUTION NOo 66- ~~ d
2 BOARD OF SUPERVISORS
3 COUN'T'Y OF B:7TTEa ST~.TE OF C~,LIFORNI~,
4 In Re Issue of Bonds of
5 CHTCO UNIFIED SCHOOL DISTRICT
6 on Behalf of PLEI~SANT VALLEY
7 SCHOOL DISTRICT 1964 SCHOOL
8 SONDS,x SERIES Bo
9
10 WHEREASs the Board of Supervisors of Butte County,
11 State of California,, heretofore on the 15th day of Septembers
12 1964s duly passed and adopted its resolution and order providing
13 for the issuance of $200x000000 principal amount of bonds pf
14 Pleasant Valley School Districts designated "1964 School Bonds,"
15 as set forth in the records of this Board of Supervisors; and
16 C~IHERE~Ss in ,and by said resolution and order said
17 authorized issue of bonds was divided into series of which
18 $150=000.00 principal amount were designated "Series ~." and the
19 issuance and sale thereof authorized and directed and said bonds
20 of Series ~, in the amount of $150,000.00 have heretofore been
21 issued and sold and the unmatured portion thereof is now outstand-
22 ing; and
23 WHEREAS, said resolution provided that the remaining
24 $50x000.00 principal amount of said authorized issue might be
25 divided into one or more series as the Governing Board of said
26 District and this Board of Supervisors might determine; and
271 WHERL'A,Ss the Pleasant Valley School District now
28 comprises part of the Chico Unified School District; and
29 WHEREA,Sx Section 21813 of the Education Code of the
30 State of California authorizes the issue by this Board of Super-
. 31 visors of said unsold bonds of Pleasant Valley School District
32 in the name of Chico Unified School District; and
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1 WHEREFIS, this Board of Supervisors has received a
2 certified copy of a resolution duly adopted by the Governing Board
3 of said Chico Unified School District on the 5th day of January,
4 1966, prescribing the total amount of said bonds to be sold, to
5 witr $50000.00, and directing this Board of Supervisors to divide
g said authorized issue of bonds into series and to designate said
7 bonds to be sold as Series B; and
$ w~RE,~1,S, this Board of Supervisors has determined, and
g does hereby declare,. that it is necessary and desirable that all
10 of said remaining bonds of said authorized issue be issued in
11 the name of Chico Unified School District and sold for the
12 purposes for which authorized:
13 IT IS THEREFORE RESOLVED AND ORDERED that said resolutio
14 providing for the issuance of $200,.000,00 principal amount of
15 1964 School Bonds of Pleasant Valley School District is incorpo-
16 rated herein by reference and all of the provisions thereof are
17 made a part hereof and shall be applicable to the bonds of said
18 authorized issue herein provided for, except only as herein
19 otherwise expressly provided.
20 $50,000.00 principal amount of said bonds shall be and
21 constitute an additional series of said issue, to be designated
22 "Series B" and issued in the name of Chico Unified School District
23 on behalf of Pleasant Valley School District. Said bonds of
24 Series B shall be dated July 1, 1966, shall be 50 in number,
25 numbered consecutively from B-1 to B-50, both inclusive, of the
26 denomination of $1,000.00 each, shall be payable in lawful money
27 of the United States of Z~,merica at the office of the County
28 Treasurer of said County, and shall mature in consecutive
2g numerical order, from lower to higher, as follows:
~p $2,000.00 principal amount of bonds of Series B
shall mature and be payable on July 1, in each
31 of the years 1968 to 1974, both inclusive;
32
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1 $3„000.00 principal amount of bonds of Series B
shall mature and be payable on July 1 in each
2 of the years 1975 to 1986, both inclusive.
3 Said bonds of Series B shall bear interest at the rate
4 of not exceeding five (:5} percent per annum, payable in like
;'5 lawful money at the office of the County Treasurer in one install-
6 ment, for the first year said bonds have to run, on the 1st day
7 of July, 1967, and thereafter semi-annually on the lst days of
8 July and January of each year until said bonds are paid;
g Said bonds of Series B shall be signed by the Chairman
10 of said Board of Supervisors, and by the C:_AuditQr:~_ of said
11 County, and shall be countersigned, and the seal of said Board
12 placed thereon, by the County Clerk of said County or the Clerk
13 of the Board of Supervisors or by a deputy of either of such
14 officers, and the coupons of said bonds shall be signed by said
Z5 Auditor:.=:-. All such signatures and counter-signatures may be
16 printed, lithographed, engraved or otherwise mechanically repro-
].? duced, except that one of said signatures or counter-signatures
18 to said bonds shall be manually affixed. Said seal may be
19 printed, engraved, stamped or otherwise placed in facsimile on
20 said bondso Said bonds, with said coupons attached thereto, so
21 signed and executed, shall be delivered to said County Treasurer
22 for safe keeping.
23 IT TS FURTETER ORDERED thatsaid bonds of Series B shall
24 be issued substantially in the following form, to wit:
25 U132TED STATES OF AMERICA.
STATE OF CALIFORNIA
26
SCHOOL BOND OF
27
CHICO UNIFIED SCHOOL DISTRICT
28 OF BUTTE COUNTY ISSUED ON
BEHALF OF PLEASANT VALLEY SCHOOL DISTRICT
29 1964 SCHOOL BONDS SERIES B
30 130. B $1,000.00
31 CHICO UNIFIED SCHOOL DISTRICT of Butte County, State
of California, on behalf of PLEASANT VALLEY SCHOOL DISTRICT of
32 Butte County, promises to pay, solely out of the revenues herein-
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after mentioned, to the holder hereof, at the office of the
Treasurer of said County, on the 1st day of JULY, 19~,,,, the
principal sum of
ONE THOUSA~7D DOLT..~RS ($1,000.00}
in lawful money of the United States of America, with interest
thereon in like lawful money at the rate of percent
(~) per annum, payable at the office of said Treasurer on
the lst days of July and January of each year from the date
hereof until this bond is paid (except interest for the first
year which is payable in ane 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
$200,000.00, 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 Pleasant Valley School District on the 26th
day of .~pril, 1960, 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.
This bond and the interest hereon are payable only from
the revenues derived from taxes levied and collected upon the
taxable property in said Pleasant Valley School District, and
upon that property only, and said issue of bonds (of which. this
bond is one) does not constitute a general obligation or indebted-
ness of said Chico Unified School District and neither said
Chico Unified School District nor any officer thereof is holden
otherwise for the payment thereof.
A,nd said Board of Supervisors hereby certifies and
declares that the total amount of indebtedness of said Pleasant
Valley School 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 Chico Unified School
District (for said Pleasant Valley School District), and the
money for the rede~n.~stion of this bond and the payment of interest
thereon shall be raised by taxation upon the taxable property
of said Pleasant Valley School District.
TN WITNESS WHEREOF said Board of Supervisors has caused
this bond to be signed by its Chairman and by the Controller of
said County, and to be countersigned by the County Clerk, and
the seal of said Board to be placed hereon, the 1st day of July,
C
(SEA,I,~ Chairmen of Board of Supervisors
(Countersigned:
County Auditor _ -:•:
County Clerk
6.
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ZT IS FURTHER ORDERED, that to each of said bonds of
Series B shall be attached interest coupons substantially in
the following form, to wit:
COUPON N0.
'Zhe Treasurer of Butte County, State
of California, will pay (solely out
of the revenues referred to in the
bond hereinafter mentioned to the
holder hereof out of the interest and
sinking fund of the Chico Unified
School District (for Pleasant Valley
School District} in said County, on
the lst day of r 19.
at his office in Oroville, in said
County, the sum of $
shown hereon, being interest then
due on 1964 School Bonds Series B,
of Chico Unified School District
issued on behalf of Pleasant Valley
School District, dated July 1, 1966. No. B-
County Z~uditor
IT IS FURTHER ORDERED that the money for the redemption
of said bonds and payment of interest thereon shall be raised by
taxation upon all taxable property in said Pleasant Valley School
District and provision shall be made for the levy and collection
of such taxes in the manner provided by law.
IT ZS 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 the Chico Enterpris
Record, 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 Tuesday,
the 2nd day of Z~.ugust, 1966, at 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 proceeds derived from the sale of said bonds of
Series B shall be the funds of Chico Unified School District and
shall be used only for the purposes for which said bonds were vote .
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l The foregoing resolution and order was passed and
2 ~ adopted by the Board of Supervisors of Butte County, State of
3 I California, at a regular meeting thereof held on the ].2th day
4 of July, 1966, by the following vote, to wit:
5 k1YES: ~Supervi~sor Howsden, Maxon, Mcf:iliop, ~'ryde
-and Chairman Giles
B NOES: None
7 X',,BSENT: None
8 NOT VOTING: None
9
10 Cha~.r-i~he Hoard of Supervisor:
of the County of Buttes State of
11 California
12 ~-1,TTEST:
13 JESSIE ROGERS,
14 Butte County Clerk and ex-officio
Clerk of the Board of Supervisors
15
16 By
Deputy Clerk
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