(Published in the Stillwater News Press March 12, 19, 26, 2015. 3t) NOTICE OF SALE OF BONDS In accordance with Title 62, Oklahoma Statutes 2011, Sections 353 and 354, as amended, notice is hereby given that the Board of Education of Independent School District Number 16 of Payne County, Oklahoma, will receive bids by sealed bid, facsimile bid, electronic (Parity®) bid or similar secure electronic bid on the 14th day of April, 2015, at 11:00 o'clock A.M., Central Time, at the Board of Education Administration Building, 314 South Lewis, Stillwater, Oklahoma for the sale of $2,800,000 Building Bonds, Series 2015A of said School District, which Bonds will mature $310,000 in two years from their date and $310,000 annually each year thereafter until paid, except that the last installment shall be $320,000. The Board of Education intends to convene in Special Session at 5:00 o'clock P.M. at said location and date to consider and take action to award the Bonds. Said Bonds shall be sold to the bidder bidding the lowest true interest cost the Bonds shall bear, and agreeing to pay par and accrued interest for the Bonds. The lowest true interest cost will be calculated by doubling the semi-annual interest rate necessary to discount the debt service on the Bonds to the price bid for the Bonds. The date from which the annual true interest rate will be calculated is May 1, 2015. Each bidder shall submit with his bid a sum in cash, cashier's or certified check, electronic (wire) transfer or financial surety bond payable to the Treasurer of the District, equal to two (2%) percent of the par value of the Bonds, or $56,000. If a Financial Surety Bond is used, it must be from an insurance company licensed to issue such bond in the State of Oklahoma, and such bond must be submitted to the District or the Financial Advisor prior to the opening of the bids. The Financial Surety Bond must identify each bidder whose Deposit is guaranteed by such Financial Surety Bond. The District reserves the right to reject all bids. WITNESS my official hand and the seal of said School District this 10th day of March, 2015. (SEAL) /s/ Annette Jones Clerk, Board of Education
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