Reso 1964-160RESOLUTI CN NO
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE COSTA MESA
SANITARY. DISTRICT. OF ORANGE _COUNTY, CALIFORNIA, TRANSFERRING
A SUM _ 00 MC Y . FROM TH_ E SEWER CONSTRUCTIONw FUND T6
A& I REDEMPTION FUND- 60 Y TAX CODE :AREA . !'B "..FOR THE .RETIREMENT
(3F_ THE, BOND., ISSUE -.IN _THE ORIGINAL SUM, OF . $760,000_.00. DATED „
OCTOBER.. 1, ..1956. ,_ R
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 ' "Bet; 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 $7,500.00, 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 $7,500.00 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 10 ,.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 $7,500.00 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 retirement of the bond issue dated October, 1,, 1956.
SECTICN 2. teat the said sum of $7,500.00, 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
1964 - 1965.'
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SECTION 3. That the Board of Directors hereby finds and
determines and:: declares that the purposes for which said $7,500.00
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.
PASSED AND ADOPTED this 10th day of August, 1964.
Yresxaent r/ ne costa rjesa sanitary
District f ange County., California
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acre ary
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 "Resolutioi n No. � /,�, 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
10th day of August, 1964, and that the same was passed and adopted .
by the following,roll call vote, to wit:
AYES: Members - Stephens, Norman, Hollister and Meyers.
NOES Members None
ABSENT Members - Porter.
DATED this 10th day of August, 1964.
Secretary of e Board of ectors of
the Costa, Mesa Sanitary District of
Orange County, California
I
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