Resolution No. 1425 f f` • r
1A Y
WJML:RJH:gb 1/20/70 10c
RESOLUTION NO. 1425
A RESOLUTION DETERMINING THAT THE ISSUANCE OF SUBDISTRICT
BONDS IS NOT SUBJECT TO PRIOR INVESTIGATION, REPORT AND
APPROVAL BY CALIFORNIA DISTRICT SECURITIES COMMISSION
SOUTH TAHOE PUBLIC UTILITY DISTRICT
ASSESSMENT DISTRICT 1968 -3G
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 February 19,
1970, subdistrict bonab in the amount of $639,14 "(.60 for Assessment
District 1968 -3G. The bonds for said assessment district will be
designated as "Improvement Bonds, South Tahoe Public Utility Dis-
trict, Assessment District 1968 -3G." 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 1, Title 6 of the Government
Code of the State of California), provides, in part, that the issu-
ance of subdistrict bonds shall be subject to prior investigation,
report and approval by the California District 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
r w
t hir r
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 (1 days prior to date
of the issuance of the bonds.
ATTEST: Pres dent Pro Tem C;
16, South Tahoe Public Utility District
Nd2,_ ck_4;-e‘
Clerk and Ex- officio Secretary
I hereby certify that the foregoing is a full, true and cor-
rect copy of a resolution 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,,,, day
of uat ui 19), by the following vote:
AYES, and in favor thereof, Directors: Wakeman
Kortes
Hegarty
Ream
NOES, Directors: None
ABSENT, Directors: Fesier
Clerk and Ex- officio Secretary
South Tahoe Public Utility District
-2-