HomeMy WebLinkAboutRES 433 Draft 01 1969-1972County of Hawaii—State of Hawaii
Resolution No. 433
RESOLUTION PROVIDING FOR THE SALE OF $30,567-14 PAR VALUE
6% IMPROVEMENT DISTRICT BONDS FOR IMPROVEMENT DISTRICT NO. 8,
LOT 718 SUBDIVISION ROAD OFF KOMOHANA STREET, HILO, HAWAII.
WHEREAS, by Resolution No. 421, adopted by the Council
of the County of Hawaii, the Director of Finance of the County
of Hawaii was authorized and directed to prepare for sale and
to sell $30,567.14 par value 6% Improvement District Bonds for
Improvement District No. 8, Lot 718 Subdivision Road Off Komohana
Street, H ilo, Hawaii; and
WHEREAS, by notice of sale publicly advertised by the
Director of Finance, bids were called for the above sale to
be opened in the office of the Treasury Division, Department
of Finance, County of Hawaii; and
WHEREAS, of all the bids submitted to and accepted by the
Director of Finance and publicly opened at 10:00 a.m., November
30, 1971, the highest bid was submitted by the American Security
Bank for the entire issue of $30,567.14 at 100.10 per $100.00
par value or $30,597,71 for the entire issue;
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE
COUNTY OF HAWAII, STATE OF HAWAII:
That the Director of Finance of the County of Hawaii be
and he is hereby authorized to accept the highest bid of
$30,597-71 for the entire issue of $30,567-14 par value bonds
of Improvement District No. 8, Lot 718 Subdivision Road Off
Komohana Road, Hilo, Hawaii, as submitted by the American
Security Bank, and to deliver to the said bidder $30,567.14 par
value bonds of said Improvement District upon payment of the
amount of said bid price plus accrued interest to the date of
payment.
Dated at Hilo, Hawaii, this 1st day of December, 1971.
INTRODUCED BY:
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ACourIV5101man, Count - `f Hawaii
V
-2-
COUNTY COUNCIL
County of Hawaii
Hilo, Hawaii
I hereby certify that the foregoing RESOLUTION was by the vote indicated to
the right hereof adopted by the COUNCIL of the County of Hawaii on.
December 1, 1971
.................................................................•
ATTEST:
O� D
�a
Tadashi Suzuki
COUNTY CLERK
ER
ROLL CALL VOTE
Reference: ...............................................................
M.B. No................ ' r
.....................................
RESOLUTION NO.
433
AYES I NOES A/E
Carpenter
x
De Luz
X
Edwards
x
Greenwell
x
Hisaoka
x
Souza
x
Yadao
x
Yamada
x
Chr. Matayoshi
x
Reference: ...............................................................
M.B. No................ ' r
.....................................
RESOLUTION NO.
433