Reso 1965-167RESOLUTION NO. 65 -167
r,
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE 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 RETIRE-
MENT 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 $6,500.00, 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 $6,500.00 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 $6, 500.00 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 retirmenrt-', of the bond issue dated October 1, 1956.
SECTION 2. That the said sum of $6,500.00, herein
transferred. as above set forth, shall be used to retire a portion of
the bonded indebtedness which becomes due during the fiscal year
of 1965 -1966.
-1-
SECTION 3. That the Board of Directors hereby finds and
determines and declares that the purposes for which said $6,500.00
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.
� Ste.
PASSED AND ADOPTED this day of r, 1965.
ATTEST- ; A41,' � ,' - �"_"
P esi a Costa Mesa Sanitary
District of,v range County, California
Secretary
STATE OF CALIFORNIA)
) SS
COUNTY OF ORANGE )
I, ELLIS PORTER, Secretary of the Board of the Costa Mesa
Sanitary District of Orange County, California, do hereby certify
that the foregoing Resolution, being Resolution No. 65 -167, 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
1st day of September, 1965, and that the same was passed and adopted
by the following roll call vote, to wit:
AYES: Members - Norman, Porter, Nelson, Reade, Meyers
NOES: Members - None//
ABSENT: Members - 41&n_1_1
gt 1X'Z& `
DATED this Isit day of , 1965.
Secretary of t e Boar3 o .rectors
of the Costa Mesa Sanitary District
of Orange County, California.
-2-