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RESOLUTION N0. ~~,--2~0
RESOLUTION ORDERING SALE OF BONDS
LAFiERTDGE VILLAGE ASSESSMENT DZSTRTCT
The Board of Supervisor~ o~ the County o£ Butte
resalves: ~
The Board o~ Supervisors accep'ts the o~fer of
B~RR, WILSON & CO., INC., (a~~ached ~o this reso].u~~on and
by reference a.ncorpora~ed in it; ,~o purcY,ase all af the
imp~av~ment bonds to be issued in Lakeridge Vi~.J.age
Assessment Dis~ric~, County of Butte, S~a~e o~ California.
Th~ Board of Supezvi.sozs dizects the sale and
deJ.ivery o£ the bonds ~o tl~e offero~ in accordance wi~h ~he
terms and conditions stated in the offer.
_ The ~mprovement bonds to be issued i~. Lake~idge
Village Assessment Dis~ric~ will be dated Noveanber 4, 198~..
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I HEREBY C~RTIFY that the ~oregoing zeso~u~ian
' was c~uly and r~gularly adopted by the Baard of 5upervisors
of the County o~ Butte, S~ate o~ Ca~i£ornia, a~ a regular
meeting ~hereof, held on ~he 27th day of October, 1981, by
the fol~.ow~.ng vote, ~o wit:
AYES: Stapervisors Do1an9 Lemke~ Saraceni, Wh.ee~er and Chairman M~seley
NOES: Supervisors None
ABSENT: Supervisors None
CLARK A. NELSON, County Clerk, Coun~y
o~ But~e, S~.ate o£ Cali.fornia
By
l~J W IJ ~~ LI1~J Lr"1] ~
BIRR, W~LSON ~ CO., INC.
eHico MeMSerx
CUAERTINO NEW YORK STOCK E)CCHAt+tGE, 1NCORPORA7ED
EUREKA
F'AfRFIELD
ME.NLO PARIS
OA]CLANO
OROVILI.E
PARA0156
PETAI..UMA
RED HE.IFFF
REPAIN[i
SAN AAFAEL October 26 f ~98~
SANTA ROSA
VALL~JO
YIfBA CE7Y
eoiss, iowwo
NEW YO12K G1TY
PORTl.P~14~, OR£GOTE
RENO, NEVA~A
Bu~~~ County Board O~ Supervisors
POllLSRO. WASHINGYOFi
SEATTL6. WASHINGTON C~~n-~~ Administrative ~~ilC:e-'~u
Ci~y af broville, California
MA]N OFFICH
155 SANSOME STREET
SAN FBANCISCO. CALIFORNIA 9A701S
(Ai8) 969-7700
MAiLING AbbftE86
P. O. BO% 9548
BAN FRANCISCO, CALlFORNFA 84T19
Re: ~akezidgc Villagc~ Assessment District, Butte County,
Cal.ifornia
Dear Board Membe~s:
Birx, Wi~.son & Co., Inc, her~:by agrees to purchase ~he Bonds
to be issued by f.he County o~ Butte on the Lakeridge Vi~lage
Assess~nent District under the fo~.lowing terms and condi~ions:
l. 'I`he Bonds wil~ be issued unde~ the Mun3cipal ~mprovement
Act of 19I3 pursuant to the Improvement Act of 1911 in the
amount of $~,,571~360.00
2. '1~Yie ~urchase p~ice sha7.~. be a discount of twenty-nine per-
cent of the total par value with an interest ~ate o~ ~.en
pex'cen~k (~.Q~) payable semi-annually each year to ~naturity
commencing July 2, 1982.
3. The Bonds sha11 mature by ten (10) equal annual instal.~.ments
with the fixst instal~men~. payable an ~anuary 2, 1983 and
the last installmen~ due and payabZe Janua~y 2, 1992.
4. Thc~ agproviz-~,g and unqualified 1egal o~inion o~ Messr's.
Sturgis~ Ness, Brunsell and Sperry shall accompany the
Bonds when delivered.
Yours very tru1X,
BIRR, WILSOI3 & C0. , Ii~TC.
/ , ~ ~-_
/
by H. Michael Richardson
Senior Vice Presid~:nt
~~
L. H. ~asterling
Munici.pal Financing and Consulting
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