Resolution No. 1798 •
WJML:RJH:gbl 4/23/73 10c
RESOLUTION NO 1798
A RESOLUTION DETERMINING THAT THE ISSUANCE OF SUBDISTRICT
BONDS IS NOT SUBJECT TO PRIOR INVESTIGATION, REPORT AND
APPROVAL BY CALIFORNIA DISTRICTS SECURITIES COMMISSION
SOUTH TAHOE PUBLIC UTILITY DISTRICT
ASSESSMENT DISTRICT 1972 -1
RESOLVED, by the Board of Directors of the South Tahoe Public
Utility District, El Dorado County, California, as follows:
1. The South Tahoe Public Utility District, herein called
"District," is a public utilities district formed pursuant to the
provisions of the Public Utility District Act (Division 7 of the
Public Utilities Code of the State of California).
2. This Board proposes to issue on or after May 17, 1973,
subdistrict bonds in the amount of $380,103000 for Assessment Dis-
trict 1972 -1. The bonds for said assessment district will be
designated as "Improvement Bonds, South Tahoe Public Utility Dis-
trict, Assessment District 1972 -1." The amount of the bonds to be
issued may be somewhat less than said amount set forth above by
reason of cash payments made by the owners of property prior to is-
suance of the bonds. Such bonds are to be issued by District under
the Improvement Bond Act of 1915. Said special assessment district
comprises less than the entire territory of District.
3. Section 58753 of the District Securities Investigation Law
of 1965 (Chapter 2.5, Division 2, Title 6 of the Government Code of
the State of California), provides, in part, that the issuance of
subdistrict bonds shall be subject to prior investigation, report
and approval by the California Districts Securities Commission,
herein called "Commission," whenever all of the conditions set forth
in subsections (a), (b) and (c) thereof are present.
4. There are more than 500 registered voters residing within
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the entire South Tahoe Public Utility District.
5. The condition set forth in subsection (a) of section 58753
is not present.
6. This Board hereby determines that the issuance of the sub-
district bonds set forth in section 2 hereof is not subject to prior
investigation, report and approval by Commission.
7. The Secretary is directed to file a certified copy of this
resolution with Commission at least fourteen (14) days prior to date
of the issuance of the bonds.
ATTEST: President
kbor South Tahoe Public Utility District
, /
C erk and Ex o f cio Secretary
I hereby certify that the foregoing is a full, true and correct
copy of Resolution No. 1798 duly and regularly adopted by the Board
of Directors of the South Tahoe Public Utility District, El Dorado
County, California, at a meeting thereof duly held on the 3rd day of
May, 1973, by the following vote:
AYES, and in favor thereof, Directors: Wakeman
Kortes
Fesler
Hegarty
Ream
NOES, Directors: None
ABSENT, Directors: None
Clerk and Ex officio Secretary
South Tahoe Public Utility District
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