HomeMy WebLinkAboutRES 1949-21 - Board II
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3 Tire Board of Directors of the Truckee Public Utility
4 District having determined that the public interest requires
is addition and betterments to the present existing; sjstem of wanks
g for furnishins tape inhabitants of the District with water ;
7 �j T u, , " ' w'i'(J ,s, BE IT _a, .,SOINLD, that the sun of Fifteen
Thousand Dollars ( Y15, 000 ) be borrowed by said District from
s such bents: , bauakina=; corporation , corporation , individual or in-
10 dividuals as small he willing to loan said sum to the District
11 Et a rate of interest of not to exceed five ( 5%) per cent per
12 anLiin , p a rablo monthly, said principal sum to be repayable in
13 aim.ural i.aasc a,lments of not less than. Three Thousand Dollars
14 G3 , 000) each, said sum to be used so far as is necessary in
13 �� defer yiarar the cost of additions and bettenments to the present
16 strsten, of works for furnishing the inhabitants of the District
17 wit! water .
1s '� M 11 A "1'J IR 1030ILMM that A L. Loynd , Lresident of the
is Ward , and Co Adnunds , Cleric and General Hanager of the District ,
20 be anj tha-:r are hereby authorized to execute in the namo of the
21 District anti deliver to such hank, banking corporation , c°orpora-
22 �i titan , individual , or individuals as may loan said funds to the
23 District , a promissory note of tie District for such aim of
24 non ,7 so loaned; and
25 II. ,; `i'l 1 R,,,L WAD that C. Edmunds , the Clerk and
26 III' WPM ys! , ` eager of the Board , be , and he is hareby, aut 1ori?ed
27 to deliver to said bank , baurlainq corporation , corporation , in-
28 dive ci a.l , or individuals d copy of the resolution , under the seal
29 ''I of no District , as evidence of the aut'nority of tale said.
30 I Jixectors to .al, as sa- d loan and execute the promisorry note as
31 aaho 7 stated .
32
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