Resolution No. 125RESOLUTION NO.
RESOLUTION OF THE BOARD OF DIRECTORS OF SOUTH TAHOE PUBLIC
UTILITY DISTRICT DETERMINING THAT THE COST OF PUBLIC UTILITY
WORKS PROPOSED TO BE ACQUIRED, CONSTRUCTED AND COMPLRTED
CANNOT BE PAID FROM REVENUES OF THE DISTRICT FROM THE OPERA-
TION OF ANY PUBLIC UTILITY.
WHEREAS, this Board of Directors has determined
that the public interest and necessity of South Tahoe Public
Utility District demand the acquisition, construction and com-
pletion by said District of a public utility, to wit: Improve-
ment of the sanitary sewage disposal system of said District;
and
WHEREAS, the existing sanitary sewage disposal
system of South Tahoe Public Utility District (the only pub-
lic utility operated by said District) produces insufficien$
revenues to enable it to acquire improvements to said sani-
tary sewage disposal system, and in order to acquire, con-
struct and complete improvements to said sanitary sewage dis-
posal system said District must incur a bonded indebtedness
therefor;
NOW, THEREFORE, BE IT RESOLVED by the Board of
Directors of South Tahoe Public Utility District as follows:
The cost of said public utility, to wit: Improve-
ment of the sanitary sewage disposal system of said District,
cannot be paid from revenues of said District and said Dis-
trict has no revenues from the operation of its existing pub-
lic utilities sufficient to enable it to acquire improvements
to the sanitary sewage disposal system and in order to acquit%
1
construct and complete said improvements it is necessary
for South Tahoe Public Utility District to incur a bonded
indebtedness.
PASSED AND ADOPTED this 20th day of February,
1959, by the following vote:
AYES:
NOES:
ABSENT:
Directors Goeringer and Pankost.
None.
Director Gersick.
'PreSident of the~Board o~t'o'rs ~
of South Tahoe Public Utility District
Attes~.~*-
.~%r~ta~ o~a~d B~d of Directb~rs
2
I, EAP~LE F. PANKOST , Secretary of the BoaPd
of Directors of South Tahoe Public Utility District, E1 Dorado
County, State of California, do hereby certify that the
foregoing is a full, t~ue and correct copyof a resolution
duly adopted at an adjourned regular meeting of said Board
of Directors duly and regularly and legally held at the reg-
ular meeting place thereof on the 20th day of February ,
1959, of which meeting all of the members of said Board of
Directors had due notice and at ~hich a majority thereof
was present; that due notice of said meeting was given in
all respects as required by California Statutes 1953, Ch.
1588; that at said meeting said resolution was introduced
by Director Pankost , and read in full, and was
thereupon, upon motion of Director Pankost ...... ,
Goeri~er , adopted by the
seconded by Director
following vote:
AYES: Directors
NOES:
ABSENT:
Goeringer and Pankost.
None.
Director Gersick.
That I have carefully compared the same with the
original minutes of said meeting on file and of record in
my office and that said resolution is duly entered of record
in Book 2 of Minutes , at pages 16 to ~17 , both
inclusive, and said resolution is a full, true and correct
copy of the original resolution adopted at said meeting and
entered in said minutes. That said resolution has not been
amended, modified or rescinded since the date of its adop-
tion and the same is now in full force and effect.
J WITNESS my hand and the seal of said District,
Sec~e~ry "of .th~ Board of Directors
of South Tahoe Public Utility District