HomeMy WebLinkAboutRES 1957-08 - Board RESOLUTION NO
of
TRUCKEE PUBLIC UTILITY DISTRICT
AUTHORIZING THE -BORROWING OF MONEY
G41V-4,'REAS, it is necessary for said Truckee Public Utility Dis-
ict to expend funds for the relocation and improvement of certain 'i
its utility lines and facilities by reason of State Highway con-
ruction, and
MIEREAS, the Public Utilities Code of the State of 'California
1
ovides , amoncr4::7 other things, for the borrowing of money and in-
rring indebtedness,
Not�3 THEREFORE, BE IT RESOLVED BY THE BOARD f3F DIRECTORS OF
tJCKEE PUBLIC UT11-JITY DISTRICT., as follows:
le That it is in the best interests of said District and the
habitats and residents thereof that said District borrow funds
defray the costs and expenses incurred by said District in �rel.o-
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 $1a,000.00 is necessary to defray said costs,
(J exp uses, as aforesaid, and the" borrowing of said amount is
1-e-L)y authorized and approved.
3. Said sum shall be borrowed from the Bank of America N.T*S*A,
interest not to exceed 6"/p per
Branch, Truckee, California;
num; interest payable monthly; principal due and payable on or
fore. May 1, 1958 .
BE IT FURTHER RESOLVED:
-1 0 ThaL 11 . M, �,,JeICII , President of the Board of Directors, and
vi V-aun u I
uns, Cleric-General :vianaaer of said District, be and they ar(
._E i,�: z,,.uthorA*:0-zeC1 to execute in the name of said District to said
ink, a promissory nape of said District for said sum, payable as
"oresaid.
Copy of this Resolution, duly certified, shall also be
slivered to said Bank
Passed and adopted this _�014-
day of 19 5 7,
r the following vote:
: ?"4 /?,f vq s
dyes N/e
/�/� /7�r� t� ri
, �
Noes: hoc
Absent:
TRUCKEE PUBLIC UTILITY DISTRICT
By
rest en o t e oar a Director;
"TEST:
Jer an ex-o icio Secretary there .
-2-
CERTIFICATION
vh4& Clerk of the Board of Directors
Truckee Public Utility District, hereby certify that the foregow
g Resolution, to which this Certification is attached, is a true
d correct copy of Resolution No. XZ r duly passed and adopted by
E. Board of Directors on /�� ���t ��� 1957, and that said
11,A
solution has not been amended or modif ied and is in full force
d effect.
Clerk
Truckee Public Utility District