Resolution No. 2079W.JML:kUh:vm 7/12/77
RESOLUTION NO. 2079
A RESOLUTION AWARDING SALE OF BONDS
FIRST SALE - $150•,000
ASSESSMENT DISTRICT 1971 -1
RESOLVED, by the Board of Directors of the South Tahoe Public
Utility District, E1 Dorado County, California, that
WHEREAS, in proceedings being conducted by this Board pursuant to
Resolution of Intention No. 1676, adopted by said Board on April 6, 1972,
the public convenience, interest and necessity require sale of bonds
in the amount of $150,000.00;
WHEREAS, in the opinion of this Board said bonds should be sold
r at private sale; and
WHEREAS, a written offer to purchase said bonds, dated July 7,
1977, and supplemented by written specification of the exact interest
rate to be borne by said bonds, has been received from Stone & Youngberg;
NOW, THEREFORE, IT IS ORDERED as follows:
1. That said offer, as supplemented, for the purchase of said
bonds be, and is hereby, accepted, and that said bonds be, and they are
hereby, ordered sold to Stone & Youngberg, said sale to be subject to
all of the terms and conditions set forth in said accepted offer, as
supplemented.
2. That the Treasurer be, and is hereby, directed to have said
bonds printed, and that the same be immediately signed, sealed and de-
livered to said bidder on receipt of the amount therefor and upon the
Performance of the conditions contained in said offer.
3. That the interest rate of said bonds be, and the same is
hereby fixed at the rate stated in said offer, as supplemented.
r si en
South Tahoe Public ility District
ATTEST:
Olerk and ex officio Secretary
I hereby certify that the foregoing is a full, true and
correct copy of Resolution No. 2079 duly and regularly adopted
by the Board of Directors of the South Tahoe Public Utility District
E1 Dorado County, California, at a meeting thereof drily held on the
22 day of July 1977, by the following vote:
AYES, and in favor thereof, Directors: Hegarty, Kashuba, Fesler,
Fieldcamp and Cocking
NOES, Directors: None
ABSENT, Directors: None
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Clerk and ex- officio Secretary
South Tahoe Public Utility District
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