CCSD BOA REVI ARD OF TR ISED AGEN RUSTEES NDA

ARTICLE V
SALE OF NOTES
Section 5.01
Determination of Time to Receive Bids; Notice of Sale.
The Notes shall be sold at public or private sale, as determined by the Superintendent or Chief
Financial Officer, each at a price of not less than par. Bids for the Notes of a Series shall be received at a
time and on a date to be selected by the Superintendent or the Chief Financial Officer. The three Series of
Notes may be sold on the same date or on different dates as determined by the Superintendent or the
Chief Financial Officer. The Notes shall be advertised for sale in The Bond Buyer, which advertisement
shall appear at least once, not less than seven days before the date set for the sale.
Section 5.02
Award of Notes.
Upon receipt of bids for each Series of Notes, the Superintendent or the Chief Financial Officer,
upon the advice of the Financial Advisor to the District, is authorized to award the Notes of that Series to
the bidder offering the lowest net interest cost therefor.
Section 5.03
Preliminary Official Statement and Official Statement.
The Chief Financial Officer of the District is hereby authorized to prepare and cause to be
distributed a Preliminary Official Statement in connection with the sale of the Notes and to "deem final"
the same within the meaning of Securities and Exchange Commission Rule 15c2-12. The Preliminary
Official Statement may be made available in printed or electronic formats prior to the sale of the Notes.
Following the award of the Notes as provided in Section 5.02 hereof, the Chief Financial Officer of the
District is authorized to prepare and make available to the purchaser of each Series of Notes a final
Official Statement in printed or electronic formats.
[End of Article V]
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2/22/16 Board Agenda Agenda Item 9.5B
(A&F D-IX)
Page 28 of 49