Reso 1971-243t
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RESOLUTION N0. 71 -243
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•
THE BOARD OF DIRECTORS OF THE COSTA MESA 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 hereto.fore 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 $19 ,557.66, 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 $2,000.00 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 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 $2,000.00 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•
r
SECTION 2. That the said sum of $2,000.00 herein
transferred as above set forth, shall be used to retire a portion
of the bonded indebtedness which becomes due during the fiscal
year 1971 -72.
SECTION 3. That the Board of Directors hereby finds and
determines and declares that the purposes for which said $19,557.66
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
fulfil, led.
PASSED AND ADOPTED this 18th day of August, 1971.
7
Pres i.dent
ATTEST:
Secr tart'
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._ 71 -243 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 regular adjourned meeting
of said Board held on the 18th day of August 19 71
and that.the same was passed and adopted by the following roll call vote,
to wit:',
AYES: Directors.- Glockner, Rima,.and Briggs
NOES: Directors None
ABSENT: Directors.- Warren and Porter
DATED this 19th day of August 19 71
KERM RIMA
Secretary of the Board of Directors
of the Costa Mesa Sanitary District
Orange County, California.
By
Assista� Secretary .