Resolution Number 68-10-30-133
RESOLUTION NO. 68-10-30-1
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SAN JUAN CAPISTRANO, CALIFORNIA, AWARDING
$500,000.00 BONDS OF SAID CITY TO THE BEST
BIDDER AND REJECTING ALL OTHER BIDS
WHEREAS, at the time and place fixed for the opening of bids for
the $500,000 bonds of the City of San Juan Capistrano, California,
designated CITY OF SAN JUAN CAPISTRANO 1964 SEWER BONDS, SERIES B
and numbered 1 to 100, both inclusive, all bids were publicly opened,
examined and read, and a tabulation thereof has been entered in the
minutes; and
WHEREAS, the bid of the bidd¢r hereinafter named is the best bid
made by a responsible bidder for said bonds;
NOW, THEREFORE, the City Council of the City of San Juan Capis-
trano, California, DOES HEREBY RESOLVE, DETERMINA AND ORDER as follows:
Section 1. That the bid of UNITED CALIFORNIA BANK offering par,
accrued interest to date of delivery and a premium of $177.00 for
bonds bearing interest payable annualy the first year and semiannually
thereafter at the rates of:
Rates Years
6 % 1969 to 1975 Incl.
4.75% 1978
4.80% 1979 to 1980 Incl.
4.90% 1981 to 1982 Incl.
5 % 1983 to 1987 Incl.
5.10% 1988 to 1989 Incl.
is the bid for said bonds yielding the lowest net interest cost.
Said bid is hereby accepted and the bonds awarded to said best bidder
in accordance with the terms of the proposal.
Section 2. That all bids other than the one accepted in Section
l,hereof are rejected and the City Clerk is directed to return the
checks accompanying acid rejected bids to the respective bidders.
Section 3. That the interest rates on said bonds are hereby
fixed at the rates stated in Section 1 hereof.
Section 4. That the City Treasurer is hereby directed to deliver
a temporary bond to said purchaser upon payment therefor and accrued
interest, if any, to date of delivery, said bond to be substantially
in the form shown in Exhibit A, attached hereto and incorporated herein.
34
ADOPTED, SIGNED AND APPROVED this 30th day of October, 1968.
Frayor o t e ity o
San Juan Capistrano
ATTES
4Z It,
T er c ot t o qty
San Juan Capistrano
STATE OF CALIFORNIA )
COUNTY OF ORANGE ss
CITY OF SAN JUAN CAPISTRANO
I, ERNEST A. THOMPSON, City Clerk of the City of San Juan
Capistrano, California, DO HEREBY CERTIFY that the foregoing reso-
lution was duly adopted by the City Council of said city and was
approved by the Mayor of said city at an adjourned regular meeting
of said City Council held on the 30th day of October, 1968, and that
it was so adopted as follows:
AYES: COUNCILMEN: FORSTER, BATHGATE, DURNFOkD, OLIVARES
and CHERMAK
NOES: COUNCILMEN: NONE
ABSENT: COUNCILMEN: NONE
City Clerk��
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
I, ERNEST A. THOMPSON, City Clerk of the City of San Juan
Capistrano, California, DO HEREBY CERTIFY that the above and fore-
going is a full, true and correct copy of Resolution No. 68-10-30-1,
and that the same has not been amended or repealed.
DATED: October 30, 1968.
I, J'/�' r
City Clerk of the Cyty o
San Juan Capistrano
TEMPORARY BOND EXCHANGEABLE FOR
DEFINITIVE BOND UPON AVAILABILITY 3 5
UNITED STATES OF AMERICA
STATE OF CALIFORNIA
COUNTY OF
(Insert Bond Designation)
No. T $
(Insert name of Issuer) ("Issuer"), for value received, hereby
promises to pay to
or registered assigns, the principal sum ot Dollars )
said sum representing the total principal amount^bonds to be 'issued
pursuant to (Ordinance, Resolution) No. said bonds to be
in the numbers, denominations, maturities ani to fear interest at
the rate or rates set forth on the reverse hereof, said interest
thereon payable semi-annuall-y except that interest for the first year
shall be payable at the end of said year, but only upon presentation
of this Temporary Bond for notation hereon of such payment of interest.
Both the principal of and interest on this Temporary Bond are payable
in lawful money of the United States of America at the office of the
Treasurer of the Issuer (provided that Definitive Bonds, when issued,
shall be payable at the place or places designated in (Ordinance,
Resolution) No. providing for the Issuance of such bonds,
adopted , 1968. Reference is further made to such (Ordi-
nance, Resolution) Issuance for the specific terms and conditions
of this Temporary Bond (and for Definitive Bonds), the obligation
created hereby, and the security for this Temporary Bond and said
Definitive Bonds.)
This Bond is a Temporary Bond issued pending the preparation
of Definitive Bonds and is exchangeable by the owner hereof for
Definitive Bond(s) of like principal amount, interest rate(s) and
maturity(ies) when ready for delivery of this Temporary Bond, at the
office of the Treasurer of the Issuer, or at any other place agree-
able to the Treasurer of the Issuer and the owner of this Bond. Until
such exchange, the registered owner of this Temporary Bond shall be
entitled to all of the rights as the holder(s) of the Definitive
Bonds to be issued_pursuant�to (Ordinance, Resolution) of Issuance.
It is hereby certified, recited and declared that all acts,
conditions and things required to exist, happen and be performed
precedent to and in the issuance of this Temporary Bond have existed,
happened and been performed in regular and due time, form and manner
as required by law, and that this Temporary Bond constitutes a valid
and legally binding obligation of said Issuer.
IN WITNESS WHEREOF, the Legislative Body of said Issuer has
caused this Temporary Bond to be executed as, of the day of
, 1968, by the officers authorized a=n irected to
execute suchbonds pursuant to said (Ordinance,, Resolution) of Issuance.
Title —'
Title
Title (SEAL)
On the reverse of each Temporary Bond shall be printed the
following schedule:
Bond Numbers Principal Maturity Interest
(Denominations $ ) Amount Date Rate
EXHIBIT A