Reso 1974-274RESOLUTION 1,10. 74 -274��
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE COSTA
MESA SANITARY DISTRICT OF ORViGE COUNTY, CALIFORNIA,
TRANSFERRING A SUPS 01= MONEY FROM THE SEINIER CONSTRUC•-
TION FUND TO THE B U I REDEHPTION FUND FOR TAX CODE
AREA "B" FOR THE RETIREP-iENT OF THE BOND ISSUE IN THE
ORIGINAL SUM OF $760,000.00 DATED OCTOBER 1, 1956.
THE BOARD OF DIRECTORS OF THE COSTA 1MESA SANITARY DISTRICT
OF ORANGE COUNTY, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
WHEREAS, the Board of Directors of the Costa Mesa Sanitary
District of Orange County, California, has heretofore established
a sewer construction fund for the purpose of installing a sewer
system in the areas originally knoti•:n and designated as Wax Code
Area "B "; and
WHEREAS, the purposes for which said fund was established
have been entirely fulfilled and there is now a sum in said sewer
construction fund in the amount of $20,109.07, being the balance
after the purposes of said fund have been entirely fulfilled; and
WHEREAS, the said Board of Directors desires to transfer
the said sum of $1,340.00 from said sewer construction fund to the
B & I Redemption Fund for that portion of the Costa Mesa Sanitary
District within Tax Code Area "B" for the purpose of retiring the
bond indebtedness in the original sum of $760,000.00 dated
October 1 , 1956.
NOW, THEREFORE, the Board of Directors of the Costa Mesa
Sanitary District of Orange County, California, does hereby resolve,
determine and order as follows:
SECTION 1. That the sum of $1,340.00 is hereby transferred
from the sewer construction fund to the B & I Redemption Fund for
.that portion of tale Costa Mesa Sanitary District within Tax Code
Area "B" for the retirement of the bond issue dated October 1, 1956.
SECTION 2. That the said sum of $1,340.00 herein transferred
as above set forth, shall be used to retire a portion of the
bonded indebtedness which becomes due during -the. fiscal year
a,
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SECTION 3. That the Board of Directors hereby finds and
determines and declares that the purposes for which said $20,109.07
was to be used, to wit: the construction of a sewer system in the
Annexation Areas known as 13, 15, and 17 have been entirely ful-
filled.
PASSED AND'ADOPTED this 21st day of Aucgu 974.
President
ATTEST:
Secretary
STATE OF CALIFORNIA
) SS.
COUNTY OF ORANGE )
I, KERM RIMA, Secretary of the Board of Directors of the
Costa Mesa Sanitary District of Orange County, California, DO HEREBY
CERTIFY that the foregoing Resolution, being Resolution No. 74 -274
was duly passed, approved and adopted by said Board, approved and signed
by the President of said Board, and attested by the Secretary of said
Board, all at a regtj7 ar ad iAux_a N_ meeting of said Board held on the
21 s t_ day of 'L��r� u s_t 19 4 , and that the
same was _passed and adopted by the following roll call vote, to wit:
AYES: Directors - Briggs; Warren, Rima, Porter
NOES. Directors - rjone
ABSENT: Directors - Glockner
DATED this 22nd__ day of t_ , 19 74
(SEAL)
KERM RIMA ,
Secretary of the Qoard of Di e_ET6' _
of the Costa Mesa Sanitary District
Orange County, California
C
By
As istant Secretary
A 711