HomeMy WebLinkAbout1960-07-01 Min Ord - Board�f
1 RESOLUTION W M
2 OF
3 TRUCKEE PUBLIC ILA D ISTRT
AUTHORIZATION TO �
5. WHEREAS the Board of Directors of Truckee Public Utility
8 District have and do hereby determine that It is mace s s ary and for
7 the benefit and in the best interests of the inhabitants and
8 I residents of said District to obtain funds for the conversion of
9 certain electrical facilities and for the LaWoveme n t and expansion
10 of the water system and related utility facilities and activities
11 of said District, which said expansion, Improvement, and develop"
12 ment work requires that the District obtain a loan of funds for
13 such purposes, and
14 WHEREAS the public Utilities code of the State of California
15 provides, among other things, for the borrowing of money and the
is incurring of indebtedness by utility Ustric is in unincorporated
17 territory, said Truckee Public utility District being duly organ..
18 fzed and incorporated under and pursuant to the provisions of the
19 Public Utilities code of the State of California,
20 NOW TM EFORE , BE IT RESOLVED BY THE BOARD OF DIFLECTMS OF
21 TRUCKEE PUBLIC UTILITY DISTRICT, AS FOL M ds
22 19 That it is in the bestinterests of said District and
23 of the inhabitants and residents thereof, and the necessity for
Y
24 the expansion and improvement of utility and related facilities
25 of said District, that said District borrow funds to defray the
26 costs and expenses incurred and to be incurred by the District,
27 in reference to the conversion and expansion of electrical facilif»
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28 ties, the U+rov eme n t and expansion of water system and related
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29 ' f ac i l i t'_ B s of the District, and that the sum of $509000*00 is
30 necessary for the costs and expenses incurred and to be incurred,
31 as aforesaid, and the borring of said sum is hereby authorized
32 and approved.
BERLAIN AND C14AMBERLAIN
ATTORNEYS AT LAW
;ER COUNTY BANK BLDG. SB
{UBURN. CALIFORNIA
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48t*LAIN AND G"AMSERLAIN'.
AT"IRNEVG AT LAW
%Can COUNTY IMANK BLOGo
AU91,10M. CALIFORNIA
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2. That "id sum Of 050,000#06 A #U. be borro"'d -IMW vim
unk of California, V. A. Auburn Offtoe#ubura, California, $aid
sum to be repayable over,& ten or period -in installments of.
Priocipg, equal to at least omftteath tbereof eaeb years payable
Al ana- i14, interest av the rate of fo0r' Per coot. intere$t
payable quarterly*
3 A copy of the promissor, te ok'said District evi&ncing
y 40
the.t**btedrass- hereby autborized ond no-P-Mainabove glet fOrth is
attaciwd hereto$ marked Exhibit "A" and by this reference inc eirls
porated herein* and the President =4 Secret =y respectively of
this District are, *old esi6h of them is b(Ireby authorized and
directed to executs said note for and ou behalf of the said
District*
be
4. A'Copy of this -.said Resolution, duly cart .ice, sbol I
uro Off fur,Mlivelvd to said Book of'.%californIA , Vj, Aw 0,,", Aub
California ,together with the =Lgiasl of-tho WOMIS "
of wbi6 to attatbed' ber
fthibit "A!'* as not—A4
above* iC44-
assed adg4jLj day Of ju ly 1960 by the
p4nd opted ths
following vote I
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AERLAIN AND CHAM/ERLAINI
ATTORNEY* AT LAW
CER COUNTY BANK BLO4.
AUBURN, CALIFORNIA
CE
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,C Irk and
Ex-officio Secretary of the B*ard of DLrectors of Truckee Public
Utility District, do hereby certify that the fmcgoitig Resolution
Number S&I .,... to which this certification is attached, is a true
and correct copy of a Resolution duly passed 4nd adopted by the
Board of Directors of Truckee Public Utility District, on the
day of July, 1960 and that said Resolution has not been
amended nor modified, and is in u i affect*
z 'ecvet"y
Trmtwe Pt*Ue UtLifty Distrb:t.
(SEAL)
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