HomeMy WebLinkAboutRES 1957-08 - Board (4) RESOLUTION NO,S_2a
of
TRUCKEE PUBLIC UTILITY DISTRICT
AUTHORIZING THE BORROWING OF MONEY
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IJHE- EAS, -it is necessary for said Truckee Public Utility Dis-
Ict to expend funds for the relocation and improvement of certain ,
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.its utility lines and facilities by reason of State Highway con-
ruction, and
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MIEREAS, the Public Utilities Code of the State of 'California
ovidels, among ether things, for the borrowing of money and in-
rring indebtedness,
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
(.JCKEE PUBLIC UTILITY DISTRICT, as follows:
1 . That it is in the best interests of said District and the
habitants and residents thereof that said District borrow funds
defray the costs and expenses incurred by said District in i'�elo-
tion and improvement of its utility lines and facilities made
cessary by State Highway construction and freeway relocation work
said District.
2. That the sum of $10,000.00 is necessary to defray said cost
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d expenses, as aforesaid, and they borrowing of said amount is
i-vby authorized and approved.
J. Said sung shall be borrowed from the Bank of America N.T.S.A,
ucl-.ee Branch, Truckee, California; interest not to exceed 6% per
1,)urn; interest payable monthly; principal due and payable can or
fore. May 1, 1958 .
BE TT FURTHER RESOLVED:
Thai. 11 . N. Welch, President of the Board of Directors, and
�dr�.7unc�s, Clerk-General Manager of said District, be and they ar(
rcl,-by �:.utlflorized to execute in the name of said District to said
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Erik, a promissory note of said District for said sum, payable as
�oresaid.
"' Copy of this Resolution, duly certified, shall also be
klivered to said Bank
Passed and adopted this day of 1957,
r the following vote:
• �1c v ��v e'r /E�i'`1 / 4 ep"R AJ
Ayes. y�/e l� � 9 r
Noes: hotic
Absent: /<a /Q At
TRUCKEE PUBLIC UTILITY DISTRICT
By
resl en of 4t4eoard ot Directori,
`TEST:
er an ex-o icio Secretary t ereo .
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CERTIFICATION
1 4 __, Clerk of the Board of Directors
Truckee public Utility District, hereby certify that the forego-
g Resolution, to which this Certification is attached, is a true
d correct copy of Resolution No..CZgf duly passed and adopted by
e Board of Directors on al.g.� , 1957, and that said
solution has not been amended or modified and is in full force
d effect.
-/6144�
Clerk
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Truckee Public Utility District
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