HomeMy WebLinkAboutORD 1939-01 - Board :1
P
ORDLN A*,610E NOa
2 "F E S T
AN OE'D114ANCE DETERIAIIiC THAT TFE UB T.J C I i
P14D 'N ECESSITY D&MD TF,.F ACQUI SITI01:11 BY TRUCKEE
3 UBTj1CUTILI7UTITTO-WIT
THY McGTj A S Hkq I f - R 0J"4PANY WORKS FOR cUPPtfIW
PIDITT " "I
R 7� l E I HA
�� TRUCKEE
PUBTI C UT ITjjnr �It "RIC DESEEMINNG TO ACC'UI'E
THE T`RUPEF. MD A S ETS OF MCGLASFiAN
PANY SAVE AND EXCEPT ITS CASH ONHAND AND ACC���'eRECEtVABLE FIXD,,,,',G THE, PURCHASF, PRICE F SAID PUBLIC
:JJTIT 7 _j __ f,�,VpitTHE ',1 HOD AND 14ANNER OF PAYMENT SAID
PUPCRASE [' RICEAND r RO I IN FOB. A LOAN SAID
DIS'TR""ICT OF TT,T1 SMA OF $ A RATE OF INTEPYST
8 OF PER CENT PEA. ANNUM AND FOR THE
1 OF RFP PY14ENT OF SAI
9 liff-7HOD AlkID .'6'11 ANN E LO 0 OF
"7500t 000
10
wim ago "m
11
B E IT ENACTSby t he Board of D irectors 0Truckee
12 utility ity Listrict.
13Secti,on. 1. WHEREAS, the nu li c interest and necessitv
i c util "t 1y D*strict require the cqu sit 14 of T-..ruckee "I'lublby
15
T-nuc`� esn J?ubl'o, Ut*z. tv District of a c i
16
it a system forfu�ishino and
17
the inhabitants of Truckee Public Utilit�,,.�"Pistrict;'
is
S.e c t 1 )n 2. WHE'1EAS th.-
1 s Boardof i m for as C3.e t e row
n . thHt, the 1)ub li c interest and necessity of s ai('11 District
20
r tif-n c ell of the inert any' worksof
21 r
l a s han at.?r Com,.,T,)ezky, save and except its cash on hand and
22 .
c ,c tntk r..ce.lvable; and
23
Section 3. �MEREAS, the Board 0 Directors
2 ! ir,,*
+�u ? 04,-Alitv Districthas r cure and: c �
25 ,� 0.n E 0 C f,I ,sates of t e cost f ort �n � c� tructi�on and. cc i?Ietion
26
t s P i(I Listrict of worKs simil r to the wo o shaWater
27
to be P c uired lw Sg.ic. District* and
28 section 4. WHEFELS, the' boardofof
29 , s+..,r*1 ct se cu re d. F..nd n,le ced o n, f*1 1-e e stimate
s0 qP. r ,r en u e
30
, t ,.,�%_n ba T-)w ct ed. to be derived From said. � �
�. �� , utility�.i ty and
fr.-)i t h.e. )ubl 1 o u t i t .tio 0 f �.dD*strict; and.
32
s S d c t iHEREAS, the s z Board c D irlctors has
T. L. CHAMBERLAIN
ATTORNEY AT LAW
PLAC[R COUNTY RANK
NUILDINO ... ...►
TtLtPMON[ 331
AUBURN, CALIFORNIA
n
1 . . �.ted fro. .. the. ownors of AcGlashan titer Companir offers for
1 0 all%
` ...� t lip sr%id Dl• str- of all of the. existinr.. nroni.ertr
cand-
low
Water Company, save and oxcent ite ca h
ac count s re ceivab le; and
'--Pctiiln. 6 '�`HFPEAS, an offer has been receiv ed b'1 said
5
6 Di s tri ct' from McGlV.L shan Later Company to sel l to said Di stri ct
7 a I I o f the r.ronerty, works and assets
V, of M cGlash 0-at e r Company,
8 s F v e ana. eXr ceDt its cash on, hand and a ccounts receivable, for the
9 sun of Fifteen Thousa.nd l oo
) ars a ble as herpinfew
10 aftor and,
11 Section 7. MEA the Board of Directors of said Dis...
12 trice '- as d ete ine .. that said �rice, of $15,000.00 is less than
13 the cost of or .
. I T I P)I conqtruction bv said Distr* ct of �xio j�rs
rom)osp to b a cq, i red by sai d D ist r ict from
. 14 si-lilar to +Ji,:)cP lo (I o re u
15 c
. .. t n cater CoT-inanvo and
�I
erect ion 8. WHIZI.4S, : the Bo-axjj,
of aa id
0
17
lji" L tri c t a S, detorm inec.' that the Durcha(.--iorice of s ad property
18 8Md. 'Iorks to b e -so acqui red is not i s to the value
19 t .e r e o f.* and
20 Section 9. WHEREASt the., s aid Board of Directors has
%W
21 deterynA.ined that the 6SWthe 1 1 coct of acqu' s*t*on by said DI' strict of
22 SV is ronert-f and works can b e re i f rom revenues der'ved from
paid
sal , pronerty and woilKs to b e so redCqui
a i d and from nm
the be
24
utilities of •said District, in addition to t h e o the'r ne c essary
25
t A s tri ct; and
'*TTE
26 t rurch000*Section 100m'AS, sraid aserrice of a15,
t
27 is to bin raid as follows. she sum o f Twelve Thous and. Five Hundred.
28 `�T).o0) i)ollars i it cash uTo e A Ecnync to sa id. tri c , bar
29 said -aculashan ita-ter GorT-in _
qv- of all of its assets,
1-ronprty and
30 .1X lypcp
w o r'%P s s a-v e arn 0 cpi)t � its cash on hand and accounts i v ab I e
31 4 .
CX11(o]. the sum of Twenty-f iv e Hundr ed 2'�00.00)
W, i liars b the
32 )ri of the r i q,�,t by the District to those stockholders of
L. CHAMBERLAIN
ATTOONCY AT LAW
PLACCOt COUNTY BANK
BUILDING
TCLIKPNCNC 331
AUGUIRISIt CALIFORNIA
Tw..,,,,wrns4y.,.....,iA♦Y.,,"' `+lrilae}.1%C,iti.: _
1
1
di
I th
v s Of
A
Y r t,.) beve elected to Gov .� P c(; ��ha�� ��gter Co, ��n�
s u cli s t o ck
the > r-vi1p�e as to one or more
_.
,` ',} Comi -Qanycif Une r t tc r�epive, fred'`�!c��r '�.� i��c �..���. .� star
3 .
� q
. for o from t .e .t�- of
. . f ' .fty �
f
5 - ' + NlcGlashan WaterCompany, ronerty
nearer to desig
.
d o .lt at o in t onDistrict' s g �n !
�� r� VN '
7 n .. .,e(1 Tn��rt�� in i.. Town
•, r ,, r + ''' ct would charge t 1 is
;_ antit�. of �� tee for which sOL 1
8 .*
g �.t���l,~ �e � �
S. d to in the absence of such
agreement, the sum of
FrI.Or.) + aid ri t hall not be oxtended
F per ���� r�ro��.deg., t :�t1aI
�.� tom, more c r.. than �'�.ftv 0) hare of cG a aai ater Company11
12 stock; rnd
Q13 �e ct• WHEIFIAS, sad District does not have ava .
�{ n 1�..� avail.
Inp chase of sa*d ro ert nd
14
� . of $7500,00, said sum of
��i-.n s-cs5 to �� so ac ui" r„ t
15 .
0 0 t
1
`Y ne
s:
d ja
h of h r banking
a tiona c17 .nA ssociation
' .*v . or di vid al a , a w
18 st t tio i cor �ration . i . .
19 i
•n to loan said sum. to said�. District,s 'd atrate of interest not
��* Pperannu said ISum to _ e re-Darya 1e
20 tn 4 ... �
T d f 3v%W r cent .
+ 1-am ua or annual *list allment s
R_ m on�.� I)r qu art._..�rl ,
IS000006
I
crt�ia . the sum ofFiftecn ��
�.� , re ''.���..t , not -less��
22
23 DollarsDer ann ; and
Sectign
� dDistrict dew-
an24The Board of Dire of say
25 t r Tie r - tiir-
(�e''�ost �/�) /(��, . ` r . the T)ro rt, r a r to be
�� T _ ter Goinpanv can e �id1 s
out of t�6 e 1.1�ro r c fan sj
2 ..
e c ,� 13'istrict from the o erat�i n of its .oublic
2'� � v n��.. e.x.. t� ... x
r ♦ • e addition i +o n to h',,,• of -.v„r n's,s c V s s ry 1e .;,lsps o t �'.�+281 . .t 2 1n c�.d 1 �1e
g
r Dirtrict; an
,�
e and of .rector off` Sal a trict and
30 Section 1 . o
doherewbydeterr�t�ne to ac ire such. . 0 �ic �utility,31 � .�d ��.�tr1 �t �.
9
to-wit, � the art n�. or .u e or useful 71 SUP- n
32
T. L. CHAMBERLAIN
ATTORNEY AT LAW "r'r 3 '
PLACER COUNTY BANK
•UILOING
TiL.ErHONE 331
AUSURNip CALWORNIA
•
wp.ter to Vie inn-mb it nt of said District, save and excent the
-land and accounts rpceivable of McGlashan nate,r Comnaxj
h-
ritors'-tr therp..,for the n. urchaso orice 'IneredLn sr-*ci* fipd iri V%,Ak'C,
3 a-11
4 1
-�n -1-, 1- i f-1 r�r-o vas 0 ed a na to r epay the sa,id sum o 7 500.too to
"1 J
I b borro�yed. try► Cr)TR S Ur=, @-te s aid tran s..acti on, to et ar with
5 1
e intern st t .er onat the r ate of rot to e,xqeedfive (5%) Der cent
nr rmnum, in the m anner bere.
in s et for th
7
8 bection 14. IT IS H- FREBY ORDERED that this ordinance
01
1 b i-�ubli,(:;hed two9 1f or (2) weeks in tv rra SV"
10 a newspaper of pen eral c i rculat ion
11 printed and -v.,�ubli6hed in the Dietrict,
12
13
14
ti
15
g
ar mom ► `r inanoo was S Thp f oreping o d' K
17
tu
Bo day f Jme, 1943, bythe
c,rd o-' Directors on jx o
18
foilowin Votpoe
Ay es: Z70, .1 C/ a
20 foes:
21 4%N0=rdp;M-&
Ab s ent: G•�a t '
22
23
24
25 (Aetk rest en
of the Board. o Directors.
26
27
F
28
29
30
31
32
L. CHAMBERLAIN "040MM
ATTORNEY AT LAW
-#L.^Clgn COUNTY DANK
NUILDING
TIELIEP140NIE 331
UOURN, CALIFORNIA