HomeMy WebLinkAbout0712
18TH DAY OF AUGUST, 1969,
No'riCE IS I"UH'l'IIEH GIVEN that sealed bids for the purchase
of said bonds will be received at the office of the Jefferson County
Auditor in the County Courthouse at Port Townsend, Washington, until
11:00 o'clock A.M. Pacific Daylight Time on the
at which time such bids will be publicly opened, read, considered and
acted upon by the Board of County Commissioners.
The bids submitted shall a~ree to pay accrued interest from
date of issue to date of delivery, and shall specify either (a) the
lowest rate or rates of interest and premium above par at which the
bidder will purchase said bonds, or (b) the lowest rate or rates of
interest at which the bidder'will purchase said bonds at par.
One or more rates of interest may be fixed for the bonds,
which rate or rates must be in a multiple of 1/8 or 1/10 of 1% evi-
denced by a single coupon for each semiannual interest payment, and no
rate may exceed 8%, All bonds maturing on the same date must bear
interest at the same rate, and there may not be a difference of more
than 2% between the lowest and the highest rates submitted.
It is requested that each bid state the total interest cost
over the life of the bonds less the premium, if any, and the net ef-
fective interest rate of such bid, but such' computations shall not be
considered as a condition of such bid.
All bids shall be sealed and, except that of the State of
Wnshington, shall be accompanied by a deposit of 5% of the principal
amount of the bonds, either in cnsh or by cashier's or certified check
made payable to the Jefferson County Treasurer, which amount or check
will be returned to the bidder if his bid io not accepted. If the RUC-
ceBnful bidder shall fall or n(lf~loct to complete the purelJll/;c of' zalt!
borl<Jn \dtllln thirty dnyn from the ncceptance of h.1r. bid, tile ;:mount :;0
dc-poo.1 tot! uh(111 be 1'or1'e.1tecl to tho County.
'}
'" ,