BOE takes action on sale of first bond

BOE takes action on sale of first bond

At a special meeting on Monday morning, the Guthrie Public Schools Board of Education approved the adoption of a bond resolution and associated documents authorizing the issuance and sale of Series 2019 General Obligation Bonds in the amount of $1.2 million for a term of two years.

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The sale of the bond will go directly toward capital improvement projects.

Earlier this month, voters approved (71.7 percent) a $19.25 million bond for construction of a new elementary school and various upgrades to district school buildings.

In addition, the board unanimously approved a contract with BancFirst in Oklahoma City to serve as the registrar and paying agent.

Hilborne & Weidman, based out of Tulsa, was approved to serve as the bond counsel for the obligation bond. For their services, the law firm will receive $10,000 once the bond is delivered.

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