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Board approves resolution to issue $1,955,000 in general-obligation building bonds
Summary
The board approved a resolution authorizing issuance of $1,955,000 in general-obligation building bonds, including a levy to pay principal and interest. The motion was made and carried by roll call; the transcript does not provide member-level vote attributions.
The chair introduced a resolution providing for the issuance of $1,955,000 in general-obligation building bonds and described key provisions including registration, levy of an annual tax to pay principal and interest, and other details of the issue. A committee member moved to approve item number 6, a second was recorded, and the roll call returned affirmative replies indicating approval.
The chair read the resolution text aloud as procedural background: "Forward to consider and take action on a resolution providing for the issuance of general obligation building bonds in the sum of $1,955,000 by this school district authorized an election called and held for such purposes prescribed form of bonds, providing for registration thereof, providing for a levy of an annual tax for the payment of principal and interest on the same, and fixing other details of the issue." The board approved the resolution during the session; the transcript does not specify a schedule for sale, registration agent, or effective date beyond the recorded approval.
