Ordinance No. 140 - RetiredWJML:RFR:dao 4/11/67 10c
ORDINANCE NO. 1~40
AN ORDINANCE REJECTING ALL BIDS
AND AWARDING SALE OF BONDS AT PRIVATE SALE
$500,000 SEWER REVENUE BONDS OF 1967
SOUTH TAHOE PUBLIC UTILITY DISTRICT
BE IT ENACTED by the Board of Directors of the South Tahoe
Public Utility District, E1 Dorado County, California, that
WHERE~S, pursuant to Resolution No. 779 calling for bids on
the sale of $500,000 Sewer Revenue Bonds of 1967, adopted by said
Board on February 23, 1967, notice of said sale has been duly
given, and this is the time and place fixed by said Board for
considering bids for the purchase of said bonds, and said bids
have been received and publicly opened, examined and declared;
WHEREAS, the official Notice of Sale therefor required that
all bids be unconditional;
WHEREAS, the bid of the high bidder for said bonds, Robert E.
Schweser Company of California, Ltd., was conditional in that said
bid was made subject to the unqualified approving opinion of
0rrick, Herrington, Rowley & Sutcliffe of the legality of said
bonds;
WHEREAS, said Robert E. Schweser Company of California, Ltd.,
has offered to purchase said bonds without the unqualified approv-
ing opinion of 0rrick, Herrington, Rowley & Sutcliffe of the
legality of said bonds, and otherwise on the terms and conditions
stated in the official Notice of Sale and its bid therefor; and
WHEREAS, the right to reject all bids was reserved in said
official Notice of Sale;
NOW, THEREFORE, IT IS DETERMINED and ORDERED, as follows:
1o Ail written bids received for the purchase of said bonds
be, and they are hereby, rejected.
2. That said offer of said Robert Eo Schweser Company of
California, Ltd., is hereby accepted and said bonds be, and they
are hereby, ordered sold to Robert E. Schweser Company of Cali-
fornia, Ltd., said sale to be subject to all of the terms and
conditions set forth in its offer therefor.
3. That the Clerk be, and he is hereby, directed to have
said bonds printed forthwith, and that the same be immediately
signed, sealed and delivered to said Robert E. Schweser Company
of California, Ltd., on receipt of the amount therefor as above
stated, and upon the performance of the terms stated in said
offer.
4. That the interest rate of said bonds be, and the same
is hereby, fixed at the rate stated in said offer of Robert E.
Schweser Company of California, Ltd°
ATTEST:
PreSidenf - _ .
I hereby certify that the foregoing Ordinance was duly and
regularly introduced and adopted by the Board of Directors of the
South Tahoe Public Utility District, E1 Dorado County, California,
at a meeting thereof duly held on the 6th day of April, 1967, by
the following vote:
AYES, Directors:
NOES, Directors:
ABSENT, Directors:
Fesler, Wakeman, Kortes, Melikean, Hegarty
None
None . ~
Clerk and ex-offiCio S"e'eretar¥
( SEAr~
WJML:RFR:dao
/11/67
AFFIDAVIT OF POSTING
ORDINANCE NO. ~0~ AN ORDINANCE REJECTING ALL
BIDS AND AWARDING SALE OF BONDS AT PRIVATE SALE
$500,000 SEWER REVENUE BONDS OF 1967
SOUTH TAHOE PUBLIC UTILITY DISTRICT
STATE OF CALIFORNIA
County of E1 Dorado
SS
DAVID~~. CALLAHAN , being first duly
sworn, deposes and says:
That for and on behalf of the Clerk of the South Tahoe Public
Utility District, and on the 14th day of AP~L , 1967,
he posted full, true and correct copies of the hereto attached
Ordinance No. 14~G, An Ordinance Rejecting Ail Bids and Awarding
Sale of Bonds at Private Sale $500,000 Sewer Revenue Bonds of 1967
South Tahoe Public Utility District, in three public places in
said District, to wit:
TAHOE VALLEY POST OFFICE
BIIOU POST OFFICE
STATELINE POS TOFFICE
That a copy of said Ordinance is attached hereto marked
Exhibit "A" and made a part hereof.
,~ ..... ~, I
Subscribed and sworn to before me
this 14th day of April , 1967
~ot.ary~Public in and~or the
Sta~e of California --
~IY-Commission Expires 11/22/70