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HomeMy WebLinkAbout74-153A74-153 a ~r~~c~r~~t~~~ ~~ (~~~d~~ .~~ ~~~x~~ ~ ~~pr~e~vri.~.a~~ of-----_But-t-~--- __.._..._County, State of California In re Issue of Sonds of ------ ------ CQT~V7.~~8----~------ ---~--- --------------- --- ---°------ --- --School District. ' , . -~ WFICR~AS TH~ GOVERNING BOARD OL' ~ --------~-----~------•~------ --f~rOS7.LL1-~-- ---~-------~--~--------------~----~------- ------~-------~------ ---~---- ----~-----------~----School District has certified, as required by law, to the board of supervisors of ..:............................ B~~~e ...._County, State of California, whose superintendent of schools has jurisdiction over said school district, alI proceedings had in the premises with reference to the matters hereinafter recited, and said certified proceedings show, and after a full examination and investigation said board of supervisors does hereby find and declare: That on the-- -- .1_lt~h--~--- ---day of-----~~,xGX].---------~--------------~---~--°---~------~---~---~--> 19.~~., said governing board deemed it advisable, and by its resolution and order of election duly and regularly passed and adopted, and entered on its minutes, on said day, did order the county superintendent of schoofs to call an election to be called and helt~ on the.______~.~h.__....day of----------.s~l.i?Ae_ ................ 19.I~'. in said district, to submit thereat to the electors of said district the question whether bonds of said district shall be issned and sold in the amount of ..............Dlin~..H.uns~r.ed..ThQnaand---~~90Q ~.QOQ,.QQ~.-------~------...._........_....__..............................dotiars, to run not exceeding...._.....2~ .............years, and to bear interest at a rate uot exceeding sP ~i per cenY per annum ' payable annually for the first year the bonds have to run and semi-annualty thereafter, for Yhe purpose of , raising money for the following purgoses:* ~ ( e t ~ ' ( . {all of which were thereby united to be voted upoii as one siugle proposition) ; To repair, reconstruct or replace school buildings in compliance with Section 15503 or any other provision of law~. - That said election was called by publication or posting of notice thereof by said county superintendent o# schools as required by law and as set forth in the certificate of the governing board of said school distri~t here- tofore filed with this board; That said election cvas held in said district on said day appoinYed therefor in said notice thereof, and was in all respects held and conducted, the returns thereof duly and legally canvassed, and the results thereof declared, as required by Iaw; that from said retnrns said governing board found and confirmed, and said board o# super- ;' visors now finds and declares, that there were.~ ~$~$_....... ............................................... ; a majorlty ' votes cast at said election, and thatl9~~ffi~~~ia~ thereof, to wit:2r3~$.......__ votes were cast in favor of issuing said 6onds, and..:l.T.~.~.0 ........:........................................................................votes and no more were cast aga.inst issuing said bonds, and said governing board caused an entry of the result of said election to be made on its minutes; ehat this boarcl of supervisors has received a certified copy of a reso~?cion duly adopted by the.governing board of said district on the_1.~...:day of.. !r?~.Y ........................................ 19~T....., prescribing the total. amount of said bonds to be sold, to wit, $91JD.rQQ0..0~ ................ : that all acts, conditions and things required.by faw to be done or performed have been done and performed in sYrict conformiYy with the laws authorizing the issuance of school bonds ; and that the total amonnt of indebtedness of said district, includ- ~ing this proposed issue of bonds,_is within the limit prescribed by law ~ ~::;' IT IS THEREFORC RESOLVED AND ORDEREI7 ~~13t UOS1dS O{ said....Q~au~.~~q ................................................... School District, in ................_....._...._......................$li:~.:~.~._.....County, State o# California, issue in the aggregate sum of- -•--.~IS.T3.~...Huxi~lxe.d__`~.'hA1a.s.2.i7.d...~~•`~~S).}QQO..O.Q~........••• .................................................dotlars, , in denominations of.....~~.~.Q~.O..QQ-.-••.---•---~-•---------° ..........................................°--°-.._..........._..__......................__.....; ~ ~ Form 5015--RESOLOTlON~AND-OROER OF BOARD OF~SUPERVISORS~: ~ ~. ~ ~~ ~ ~ . . ~ re~Hrao er cwRUSCIE co., 5.F. oae2~-o72s - - - ~ _ __ _ ___ __ _ _ ___ _ _ _ _ ___ __ __ ___ _ _ _ _. _. __ _ _ _ _ _ _ _ _ _ _ __ __ ____. _ ...._...__ _ _.__..___ _. _ ~ . -., ' : that said bonds shall be dated the......7..•••-•• ......................day of••- ~.F~Yzz`.U,a.~Y-----••--._.._..--_---.--•-------..--•~ 19~..~j•••, and shall be payable in Iawful money of the United States oft America, at the office of the county treasurer of said county, as follows, to wit : Amount Jlate Amount Date 10~OOQ February 1~ 197`7 ~5~000 February 1, 198'] 20,000 ~ebruary 1, 19']8 ~5~000 . February 1, 1988 20~OOQ February 1~ 197g 60~000 ~"ebruary 1, 1989 25 ~ ~4~ ~'ebruary, 1~ i 980 60 ~ 000 Febr~tzary 1, 1990 30~OOQ February 1~ 1g81 65,000 February 1, 1991 35~000 Febxuary 1, 1982 65~OQ0 February 1, 199~ ~-S,OOQ February 1, ~983 65,000 February 1, 1993 ~+5~000 February 1~ 1984 ~0~000 February 1, 199~ 50~000 February 1~ 1985 '70~000 February 1, 1995 55,000 February 1, 1q86 ' that said bonds shall bear interest at the rate of..t).Q.~...~Q....eXC~.~$.__S.~.V.~71... j.7_~.........per cent per annui~n, payable in like lawful money at the office o£ said county treasurer in one installment, for the first year said boads have to run, on the.___.~._~_.~i.._....day of...~''__~~2X'l~.r'~.x.3i..._._ .................._...::_...., 19~~..., and thercafter semi-annually ' on the----~~--~1_St--~---------_-----_---~---._.days..of,..~~}Jx'1~.aI'y.-•••• ..................and..~11g12S.t.................----......_............•-••- of eachyearuntilsaidbonds,are.pai~;_ 5aid bonds shall be signed by the chairman of said-board-o# supervisors, and by the xreasurer or auditor of said county, and-shall°be°countersigned; and the seal of said board placed thereon, by the covnty clerk of said county or the clerk of the board of supervisors:or by-a deputy-of either of-such officer.s, and the coupons of_said_ bonds shall be signed by said treasurer or•auditor: All such signatures and cotenYersignatures may be printed, lithographed, engraved or otherwise mechanically reproduced, excep4 tliat- one of said .signatures. or. counter- signatures to said bonds shall be manuaUy affixed. Said seal may be printed, engraved, sEamped or otherwise placed in facsimile on said bonds. Said bonds, with said coupons attached thereto, so signed and executed, shall be de- Jivered to said wunty treasurer for safe keeping. IT Is Fv~tTx~R OxDS~i~n that said bonds shall be issued substantially in the following form, to wit: " / ~ Number UNIT~D 5TATES OI' AMEFICA Dollars STATE OF CALIFURNIA 5~ 000 •---..._--j-------~-•- ........................ SCT~OOL BONb OP -----------------~-~----~---°--~-------------- --....--•••---•••-•••-..QSII.V.i1.1.~°---....._.._._._..••_•-•---..School DisYrict °f--------~----- --•...--°-••...811~~.2.•-°-•••--°•-~--••---~--•••••-•---County. ••••-•••••_ ••••-•••-•......•••••••••••• ......................................................... •••Dr.as7i.~~:€ ............................SCF300Z DISTRICT of .. .............•••-••-•-•-•••---.......-•••••••---_.....----~-•-----••---...................••••••.....Bllt:~8...._.........._.:County, State of Califoxnia, acknowledges itself indebted.to and promises to paq to the holder hereof, at the office of the treasurer of said county, on the....--•••-•••-- ~. S t.._..._..-••----••----..day of...._F.ehI:u3I:3i.._._.....-••• ............... 19'].']..., the principal sum o£ ------- --- -----------•...- -••.............--•-----....------•----~1.:V.e....thQits.a.xic3..........................................dollars (~-3~D4-.•0C}--) in ]a~vful money of the United States of America, with interest thereon in like Iawful money at the xate o£ ___________________seyen._.,;....__.,,..,..,,,,,p~r cent (....~.°Jo) per annum, payable at the office o£ said treasurer on t]xe ,.._.,1, S;tdays of. .F'.`.~=.~?.?:.Llr~S'Y .........................and...~.17.1g11S-t,.----....____.. .. _...__.o£ each year from the date hereof , until this bond is paid (except intemst for the first year which is payable in otte installment at the end o# such ' ' year). - i This bond is one of a series of bonds of Iike tenor and date (excepE for such variation, if any, as may be required to set forth varying numbers, denominations, interest rates and mafurities), numbered from..p~}~....... to._~.$(~_....__.., inclusive, amounting in the aggregate to ~. .---------- ~~:~e---Y~~d-r-sd---~~r~-u-~and-- -- ------ -----~------ -- ---- - y- -' --•--•-•••--•• ........................................dotlars ($-,~C1Cls-0(}D-.4Q~}, and is acrthorized by a vote of ~~~;~7~~ of the voters voting at an election duly and legally called, held and conducted in said district on the...~}:tI1 ..........................................................day of ________________._~TZix1e.___.__....._____.__.___.___._...__...______., 19__7~., and is issued and sold by the board of supervisors of , ................._...__..._______._.._........__..__.______.,H~lt_~.8._CounEy, State of Ca]€fornia, pursuant Yo and in strict conformity with the provisions of the Constitution and laws of said State. And saicl board of supervisors hereby certifies and declares that the total amount of indebtedness of said district, including this issue of bonds, is within the limit provided by ]aw, that aIl acts, conditions and things required by law to be done or performed precedent to and in the issuance of said bonds have been done and performed in strict conformity with the laws authorizing the issuance of school bonds, that Yhis bond and the interest coupons attached thereto are in the form prescribed by order of said board of superoisors duly made and entered on ets ininutes and shall be payable out of the interest and sinking fund of said district, and the money ' for the redemption of said bonds and the payment of interest thereon shall be raised by taxation upon the tax- able property of said district. IN WiTx~ss ~Vii~x~or said board of su~ervisors has caused this bond to be signed by its chairman and by the anditor of said county, and to be countersigned by the cotmty derk, and Yhe seal of said board to be placed liemon, the.-- ---15~. -----day of.. Ee-U:Cllds'.Y ---•-• ..:.................•----••----......._............--~-••----~---~ 1~-~.... ~SL,~~.~ ................~------......_..._....------~----............ ; Chainnan of Board of Supervisors COUIVTERSIGNLD : ~ ; ~ ""'_' ..............""""""...""'......""............. ..._.....""................ County Auditor --------- --------------~---._-----------~------~---~------------~--- --- ----------- ' Cottnty Clerlc IT Is Fuxz~isR ORnER~n that to each of said bonds shall be attached interest coupons substancially in the folio~ving for~n, to wit : , The Treasurer of Coupon No.....1-_-.._.__ ...........••-••-••••-• ......................B1L~:~~.........:County, State of California, will pay to the holder hereofi out of the ' interest and sinking fvnd of the .............Qro.ui.7.~.e.-....•......•School District • ...............••••-••.................--° ~ . . .......day of -FebruarY 19~6--- m satd County, on the..--••--~-°-----~•-----.......a.S:~ ........................ at his office in..........-•••.-••~~Gi~~~~..~••---...._., in said County, the sum ~----------°---------------------- shown hereon, being interest tlien due on Bond , No.__.~ ..............______.... of said District, dated...~''..~.~S.lir~,7: y...9...._......,19.7.Jr-.. ~ , . _ . , ~ ,,. .............................~--..............----....................-- County Avditor - : i~~; IT Is FuxxaEx OctnExED that the money for the redemption of said bonds and payment of the inYeresY thereon shall be raised by taxation upon all ta~cable property in said disYrict and provision shall be made for the levy and collection of such taxes irt Yhe manner provided by ]aw. IT Is Fu8'rr~~x ORnEx~n t}tat fhe clerk of said board of supervisors shall cause a notice of the sale of said bonds to be published at least two weeIcs in....Q~:p.y.~;~~~...~ujg~:~~~~..~{~g~g.~~ :..............anewspaperof general circulation, printed and published in said Countq of.....$~~~g .................................................................. and therein advertise for bids for said bonds and state Yhat said board of supervisors will up to .................:.......... the ..........1.~1:~.11.. day of ....~311713r~.••••••••• .............. i9..~.5, at ..1.1.•••.............•••.....o'clock:....3..m., of said day, receive sealed proposals for the purchase of said bonds; or any portion thereo#, for cash, af not less than par ' and accrued interest, and that said boaxd reserves the right to reject any and all bids.for said bonds. (See Insert B attached a.nd incorporated herein as though fully s~t out.) f _ ~, ~, _ _ .. l - . . , . . ~ The foregoing resolution and order was passed and adopted by the Board of Supervisors of ........:........_. ~----••----_-°•--.•-••••• .............................................••--- ..... ~Ut~E- •--County, State oE California, at a ...................•••••••••....................regular meeting thereof held on the ••••••.~,Oti?••-.day of_.D~.~2A1,~2x._..---> I9..~~_, by the following vote, to wit : , ' AYES: Supervisors ~~eron, Gilman, Ladd, McKillop and Chairman Madigan Nors: None AsssxT: None WiT~vcss my hand and the seal of said Board of Supervisors this .............__10th.__.___,_,,,___._,.,.._._..__,___._day uf ' December ..__....••-°-------~ 19._7!~.. _........••-•- ~---~------------------ -----~--~~--• ....---• ............. ~ .r..~.l.~------- ~ •••••••---.......... CounYy Clerk and ex-officio Clerk of the Board of Supervisors ~ SHAL~ jj Y•--•--..... .....................•--~-------~---~----------~---~--- ---~-------•- ...._..--•-••••••••-- Deputy ~ `Nors: The purposes must correspond in every particufar with those stated in the election no[ice. Sescinc Norss: . ~ ~ducation Code Section 218a9 provides that tfie 6onds sfiall be signed by tl~c chairman of dm board of supetvisors, "or by such othcr mcm6er t]~ereo£ as A~e board of supervisors shal] 6y resol~tion adopEcd by s four-fifffis vore of ait rts members, autLoxize and designatc for that purpose' . If it is dcsircd to hnve the bonds signed by such meraber raiher than the chairman, then the Resolution and Ordey and the bond fo~m, should be changcd acmrdingly, and the Resolution and Order must 6c adoPted by suclt faur-fiEtbs vote. Education Code Sec[ion 22051 provides for redem tion of school bonds peior to their maturity at the op[ion of the govcrning hoard oE the seboo] distcicE_ The prescri6ed statutory procedure and~ t~e ~vide diversity of possib~e redemption prov~sions render ~mpracticable a general printed form for such matters. It is therefore suggested, should redemption provisions 6e desired, that competent financial and legal advice be first obtained. Education Code Section 22052 alltltOCiz29 ihe UoaE] of supervisors to divide the principai mount of any issue into two or more seria and fix different dates for ihe bonds oE esch scries. I£ t~is is done, instead of this form use F'orm No. 5015-A for Series A and use Form No. 5015•B for any scries suhseqvent to Scries A. , ~ ~ ~ ~ ~ ~ ~ # ~ ~ ~ +~ ~} ~ ~ ~ ~ ~ ti ~ ~ 0 ~ O w ~ ~ ~ ~ !•~ ; N ,q i~ ~~ ~ w i o iV ~ ~ . . .. ... . .. . . . .~ ~ . . . ~ ~ . . . . .. .. . .. .. . .. .~ ~. .. Q ~ "~ ~ '~ Q' I~TSERT B To be inserted at the }~ottom of page three of the Resolutian and Order of Boa.rd of Supervisors The Board of Supervisors, as issuer of said bonds on I~SERT B ~ To be inserted at the bottom o~ page three of the Resolution and Order of Board of Supervisors The Board of Supervisors, as issuer of sai~ bonds on behalf o~ said District, hereby covenants that it will make no use of the proceeds of such bonds which would cause such bonds to be "arbitrage bonds" under Section 1~3(d) of the Internal Revenue Code; and, to that end, so ~ong as any of such bonds are outstanding, the issuer wxth respec~ to the proceeds of such bands, and all officers having custody or control of such proceeds, sha1~ comply with al1 require- ments of said Section and the regulations of the United States Department of the ~reasury thereunder, to the extent that such regulations are, at the time, applicable and in effect so tha~ such bonds will not be "arbitrage bonds".