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Front Page » April 19, 2011 » Legal Notices » Notice Of Refunding Bonds To Be Issued
Published 1,282 days ago

Notice Of Refunding Bonds To Be Issued


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 NOTICE IS HEREBY GIVEN pursuant to the provisions of Section 11-27-4,
Utah Code Annotated 1953, as amended, that on April 13, 2011, the
Board of Education of Carbon County School District, Carbon County,
Utah (the "Board"), adopted a resolution (the "Resolution") in which
it authorized and approved the issuance of its general obligation
refunding bonds (the "Refunding Bonds"), in an aggregate principal
amount of not to exceed Two Million Dollars, to bear interest at a
rate or rates of not to exceed four percent per annum, to mature in
not more than five years from their date or dates and to be sold at a
discount from par, expressed as a percentage of principal amount, of
not to exceed two percent. The purchaser will not be required to make
a good faith deposit in connection with its agreement to purchase the
Refunding Bonds.

 Pursuant to the Resolution, the Refunding Bonds are to be issued for
the purpose of refunding a portion of the Board's outstanding General
Obligation School Building Bonds (Utah School Bond Guaranty Program),
Series 2002 (the "Refunded Bonds"). The principal amount of the
Refunding Bonds may exceed the principal amount of the Refunded Bonds.
The Refunding Bonds may be issued in one or more series at one or more
times.

 The Refunding Bonds are to be issued and sold by the Board pursuant
to the Resolution, including as part of the Resolution the draft of a
final refunding bond resolution that was before the Board and attached
to the Resolution in substantially final form at the time of the
adoption of the Resolution. The Board is to adopt that final refunding
bond resolution in such form and with
such changes thereto as the Board shall approve upon the adoption
thereof, provided that the principal amount, interest rate or rates,
maturity and discount will not exceed the respective maximums
described above.

 A copy of the Resolution (including the draft of the final refunding
bond resolution attached to the Resolution) is on file in the office
of the Business Administrator of Carbon County School District at 251
West 400 North, Price, Utah, where the Resolution may be examined
during regular business hours of the Business Administrator from 8:00
a.m. to 5:00 p.m. The Resolution shall be so available for inspection
for a period of at least thirty (30) days from and after the date of
the publication of this notice.

 NOTICE IS FURTHER GIVEN that pursuant to law for a period of thirty
(30) days from and after the date of the publication of this notice,
any person in interest shall have the right to contest the legality of
the above-described Resolution (including the final refunding bond
resolution attached thereto) of the Board or the Refunding Bonds
authorized thereby or any provisions made for the security and payment
of the Refunding Bonds. After such time, no one shall have any cause
of action to contest the regularity, formality or legality of the
Resolution, the Refunding Bonds or the provisions for their security
or payment for any cause.

DATED this 13th day of April, 2011.

BOARD OF EDUCATION OF CARBON COUNTY
SCHOOL DISTRICT, CARBON COUNTY, UTAH
By /s/ Darin Lancaster
Business Administrator
[SEAL]
Published in the Sun Advocate April 19, 2011.
    
    

These legal notices, along with those from other fine Utah newspapers, can be viewed at www.utahlegals.com.


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