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Reso 1962-146�A RESOLUTION NO. 62 -146 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 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 '113 "; and WHEREAS.,.,, the purposes for which said fund was established, have been entirely...fulfilled and there is now a sum.in said sewer C.oristruction fund in the amount of $.10,000.00, 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 $10,000.00 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; NTOW, 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 $10,000.00 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 $10,000.00 herein transferred as above. set.forth shall be used.to retire a portion of the bonded _1- indebtedness which becomes due during the fiscal year of 1.962- 1963. SECTION 3. That the Board of Directors hereby finds and determines and declares that the purposes for which said $10,000.00 was to be used, to wit: the construction of a sewer-.system in the Annexation Areas known as 13, lS and 17 have been entirely fulfilled... PASSED AND ADOPTED this 17th.da o ugust, 1962., rest a Costa ,Mesa anitary District.o ange County,. California AT 7,1' Secxe `ary By 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 that the foregoing resolution, being Resolution No. 62 -146 ,.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 17th day of August, 1962, and that the same was passed and adopted by ,.the, following Coll call vote, to wit: AYES: Me- inbers - Stephens, Norman, Porter, Hollister, and P4eyers NOES : Member s - None ABSENT:. Members - None DATED this 17th day of August, 1962. Secretary o t e R-4-ar-d—of Directors o the Costa Mesa. Sanitary District of Orange County -2-