serving 2013-02-23 through 2013-02-23
NOTICE OF BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN pursuant to the provisions of the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended, and the Utah Refunding Bond Act, Title 11, Chapter 27, Utah Code Annotated 1953, as amended, that on February 19, 2013, the Board of Education (the "Board") of Davis School District, Utah (the "Issuer") adopted a resolution (the "Resolution") in which it authorized the issuance of its General Obligation and Refunding Bonds (Utah School Bond Guaranty Program), Series 2013 (to be issued in one or more series and from time to time, with any other title or series designation) (the "Bonds"). PURPOSE FOR ISSUING THE BONDS Pursuant to the Resolution, the Bonds are to be issued for the purpose of (a) new school construction, land acquisition, equipment acquisition, and renovation and improvement of existing school facilities, (b) refunding outstanding bonds of the Board in order to achieve a debt service savings and (c) paying related expenses. PARAMETERS OF THE BONDS The Issuer intends to issue the Bonds in the aggregate principal amount of not to exceed Fifty-Five Million Dollars ($55,000,000), to mature in not more than twenty-one (21) years, to be sold at a price not less than ninety-eight percent (98%) of the total principal amount thereof, and bearing interest at a rate or rates not to exceed five and one-quarter percent (5.25%) per annum. The Bonds are to be issued and sold by the Issuer pursuant to the Resolution, with such final terms and provisions as may be deemed appropriate by authorized officers of the Issuer, provided that said final terms shall not exceed the maximums set forth above. A copy of the Resolution is on file in the office of the Business Administrator at the Boards offices located at 45 E. State Street, Farmington, Utah, where they may be examined during regular business hours from 8:00 a.m. to 5:00 p.m. for a period of at least thirty (30) days from and after the date of publication of this notice. SECURITY PLEDGED FOR THE BONDS The Bonds are general obligations of the Issuer secured by the full faith and credit and taxing power of the Issuer. NOTICE IS FURTHER GIVEN that a period of thirty (30) days from and after the date of the publication of this notice is provided by law during which any person in interest shall have the right to contest the legality of the Resolution or the Bonds, or any provision made for the security and payment of the Bonds, and that after such time, no one shall have any cause of action to contest the regularity, formality or legality thereof for any cause whatsoever. DATED this 19th day of February, 2013. /s/Craig Carter Business Administrator Pub.: February 23, 2013. 514137
NOTICE OF BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN pursuant to the provisions of the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended, and the Utah Refunding Bond Act, Title 11, Chapter 27, Utah Code Annotated 1953, as amended, that on February 19, 2013, the Board of Education (the "Board") of Davis School District, Utah (the "Issuer") adopted a resolution (the "Resolution") in which it authorized the issuance of its General Obligation and Refunding Bonds (Utah School Bond Guaranty Program), Series 2013 (to be issued in one or more series and from time to time, with any other title or series designation) (the "Bonds"). PURPOSE FOR ISSUING THE BONDS Pursuant to the Resolution, the Bonds are to be issued for the purpose of (a) new school construction, land acquisition, equipment acquisition, and renovation and improvement of existing school facilities, (b) refunding outstanding bonds of the Board in order to achieve a debt service savings and (c) paying related expenses. PARAMETERS OF THE BONDS The Issuer intends to issue the Bonds in the aggregate principal amount of not to exceed Fifty-Five Million Dollars ($55,000,000), to mature in not more than twenty-one (21) years, to be sold at a price not less than ninety-eight percent (98%) of the total principal amount thereof, and bearing interest at a rate or rates not to exceed five and one-quarter percent (5.25%) per annum. The Bonds are to be issued and sold by the Issuer pursuant to the Resolution, with such final terms and provisions as may be deemed appropriate by authorized officers of the Issuer, provided that said final terms shall not exceed the maximums set forth above. A copy of the Resolution is on file in the office of the Business Administrator at the Boards offices located at 45 E. State Street, Farmington, Utah, where they may be examined during regular business hours from 8:00 a.m. to 5:00 p.m. for a period of at least thirty (30) days from and after the date of publication of this notice. SECURITY PLEDGED FOR THE BONDS The Bonds are general obligations of the Issuer secured by the full faith and credit and taxing power of the Issuer. NOTICE IS FURTHER GIVEN that a period of thirty (30) days from and after the date of the publication of this notice is provided by law during which any person in interest shall have the right to contest the legality of the Resolution or the Bonds, or any provision made for the security and payment of the Bonds, and that after such time, no one shall have any cause of action to contest the regularity, formality or legality thereof for any cause whatsoever. DATED this 19th day of February, 2013. /s/Craig Carter Business Administrator Pub.: February 23, 2013. 514137