Reso 1959-108RESOLUTION NO. 108
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
R `.SE3fi,�l"t'�C�I . .108
V60.1000.00 DATED OCT OE M 11. 1956.
MPFAQ0, the Board of erectors of the Costa Mesa Sab,i;tary
Di triet ref.Omnee County, Ceaifor , ham h €retofare.eatablishad a
mar conctruetion tmd for the paxpose of installing a suer system
In, tho areas originally kwvn and desivinted as Annavati s 13,, .15,,
and 17, and now Im m . and. designated as Tax Code A "91 and
W'I MM.. the purposes for whirl b said fmd was eat,sblishad have
been entl.r" Iy fulfiUed azd there is now a. otm in said sewer construction
d in the =ount of 131000.00, being the balance after -the proses of
said frond havo been entirely :` al fillodj ard
the -said Board. of Directors desires to transfer the said
at-wi. of $13,CCC,�� said a ewer c a t ,on s"`t3 :c4 A
Redemption PwA .foi that portion of the Costa. Mega SanitaT7 M;atrigt
idtbin. TAX CodeArea► It-D", f'or'the Pose of retiriiic the bonde'd is Mtn°
masts In the original mm of 76ti,(1C .00 dated : 1956.
NOW, THE RJ 70R. E, the Beard .ol Dire tors of the Gosta Mesa SanitAry
District off' 0 -rands Comtyo aalifor�a, do 'hereby resolve., deter m a
order as fell
ob MI'MIT l.. That of $13•, 000.00 is hereby tramferi4ed frm
the aver constr"cetian fwid -to the B & I Redsavti.on :t+'t3nd for that portion
of the Coata I*sa Sardtary Dist lot vithin' Tai: C6de Aroa "B" for 'the
retiramont of the bond issao elated October 1,' 19560
SMOTMI 2. That the iatid sum of 413,OW -00 herein tr 0el%rec2
as abo vt set for a'hail be used t�,r rotire a portion of the bonded
indebtedness vbic h becomes due duriM the fiscal Year of 19,59-1960,
SXTIMI 3. That the ward of Director* hereby finds and determines
old declares that the mivposes tor which, said S13,0w.00 was to bo used,
to wits the construction of a. sewer 's7stem in the Annazation Areas kwwn