Reso 1961-134RESOLUTION NO. 134
A RESOLUTION OF THE BOARD OF DIRECTORS OF COSTA MESA
SANITARY DISTRICT OF ORANGE COUNTY, CALIFORNIA,
TRANSFERRING A SUM OF MONEY FROM THE SEWER CONSTRUCTION
FUND TO THE B & I REDEMPTION FUND FOR TAX CODE AREA
"B" FOR THE RETIREMENT OF THE BOND ISSUE IN THE
ORIGINAL SUM OF $760,000.00 DATED OCTOBER 1, .1956.
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 known and designated as Tax 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 $11,000.00, 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 $11,000.00 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
bonded 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, do hereby resolve,
determine and order as follows:
SECTION 1. That the sum of $11,000.00 is hereby transferred
from the 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 retirement of the bond issue dated October 1,
1956.
SECTION 2. That the said sum of $11,000.00 herein transferred
as above set forth shall be used to retire a portion of the bonded
Be
indebtedness which becomes due during the fiscal year of
1961 -1962.
SECTION 3. That the Board of Directors hereby finds
and determines and declares that the purposes for which said
$11,000.00 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 fulfilled.
PASSED AND ADOPTED this 23rd day of August, 1961.
P esi o he Costa Mesa
Sanitary ' b�Ntrict, Orange County
Calif or
-ATT T:
ecretary
By
Assistant Secretary
STATE OF CALIFORNIA )
SS
COUNTY OF ORANGE )
I, A. H. HOLLISTER, Secretary of the Board of the Costa Mesa
Sanitary District of Orange County, California, DO HEREBY CERTIFY,
tha
that the foregoing resolution, being Resolution 134, 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 an adjourned regular meeting of said Board,
held on the 23rd day of August, 1961, and that the same was passed
and adopted by the following roll call vote, to wit:
AYES: Members - Stephens, Norman, Porter, Hollister and Meyers
NOES: Members - None
ABSENT: Members - None
DATED this 23rd day of August, 1961. .
Secretary of the Board of Dire ors
of the Costa Mesa Sanitary District
of Orange County, California
-2-