Resolution No. 272· KWP5;: JHH: mjs 1-24-61 8c
RESOLUTION NO. 272
A RESOLUTION CALLING A SPECIAL ELECTION IN THE
SOUTH TAHOE PUBLIC UTILITY DISTRICT FOR THE
PURPOSE OF SUBMITTING TO THE QUALIFIED VOTERS
OF THE DISTRICT TEE PROPOSITION OF ISSUING
REVENUE BONDS UNDER THE REVENUE BOND LAW OF
1941 TO PROVIDE FUNDS FOR THE ACQUISITION,
CONSTRUCTION, IMPROVING AND FINANCING OF A WATER
WORKS AND SYSTEM, DECLARING THE PRINCIPAL AMOUNT
OF THE BONDS AND THE MAXIMUM RATE OF INTEREST TO
BE PAID THEREON, AND PROVIDING FOR NOTICE THEREOF
WATER PROJECT
RESOLVED, by the Board of Directors of the South Tahoe
Public Utility District, E1 Dorado County, California, as follows:
1. A Special District Election is hereby called and
ordered and will be held in the South Tahoe Public Utility Dis-
trict on Tuesday, the 7th day of March, 1961, at which election
shall be submitted to the qualified voters the proposition of is-
suing revenue bonds pursuant to the Revenue Bond Law of 1941 of
the State of California, for the purpose of providing funds for
the objects and purposes set forth in the following proposition
to-wit:
PROPOSITION:
Water Facilities
Shall the South Tahoe Public
Utility District issue revenue
bonds in the principal amount
of $325,000, for the acquisitions,
construction, improving and
financing of a water supply,
storage and distribution works
and system, pursuant to the
Revenue bond Law of 19417
2. The estimated cost of the acquisition, construction,
improving and financing of the enterprise, and the expenses in-
cidental thereto, as set forth in the proposition, is the sum of
$325,000.
3. The principal amount of the bonds to be issued there-
for is $325,000 and the rate of interest to be paid on the bonds
shall not exceed six per cent (6%) per annum, payable semi-annual-
ly.
4. The Board does hereby submit to the qualified voters
of the District, at the Special District Election, this resolution
and the proposition set forth in Section 1 hereof. The Board
proposes to issue and sell revenue bonds of the District in the
amount and for the objects and purposes specified in the proposi-
tion.
5. The bonds, including the interest thereon, shall be a
special obligation of the District, payable exclusively from and
secured by the revenues of the District water works and system,
and shall not be secured by the taxing power of the District, and
the District and its officers shall not be under any obligation
to pay same excepting from said revenues.
6. All of the bonds of this issue are equally and ratably
secured, without priority, by a lien upon the revenues herein
pledged to the payment thereof.
7. The said Special District Election shall be held and
conducted, the votes thereof canvassed, the returns thereof made,
and result thereof ascertained and determined as herein provided;
and in all other particulars not prescribed by this resolution
the election shall be held and the votes canvassed pursuant to
law for general district elections in the District.
8. There shall be one (1) precinct for said election, con-
sisting of a consolidation of all the precincts thereof as last
established by the Board of Supervisors of the County of E1 Dorado
that are contained within the present boundaries of the District.
The polling place for said consolidated election pre-
cinct shall be at the American Legion Hall, U. S. Highway 50,
Tahoe Valley, California.
The election officers therefor shall be as follows:
9. All persons qualified to vote at the General District
Election shall be qualified to vote upon the proposition sub-
mitted at the Special District Election hereby called.
10. Ballots for the election shall be provided of the form
- 2 -
and to the number provided by iai. On the ballots, in addition
to any other printed matter which may be required by law, two
voting squares shall be set off to the right of the proposition
submitted at the election and set forth in Section i of this reso-
lution, one having the word "YES" printed before it and the other
having the word ~NO" printed before it.
ll. Each voter to vote for the proposition and for the
issuance of the bonds shall stamp a cross (X) in the blank space
opposite the word ~'YES" on the ballot to the right of the proposi-
tion, and to vote against said proposition and against the is-
suance of the bonds shall stamp a cross (X) in the blank space
opposite the word "NO" on the ballot to the right of the proposi-
tion.
12. The Clerk of this District is hereby directed to pro-
cure the necessary roster, ballot box and all other supplies
necessary to properly and lawfully conduct said election.
13. The polls shall be opened at l:00 o'clock P.M. of the
day of the election and shall be kept open until 6:00 o'clock
P.M. of the same day, when the polls shall be closed, except as
to voters in line as provided in Section 5734 of the Elections
Code.
14. When the polls are closed, the election officers shall
count the ballots cast thereat and the votes cast, respectively,
for and against the proposition herein stated, and shall make re-
turns thereof to the Clerk of said District immediately upon com-
pletion thereof. The Board of Directors will meet on the first
Monday after the election to canvass the returns.
15. If, at said election, it appears that a majority of
all the votes cast thereat were in favor of and authorize the
issuance of revenue bonds in the amount stated in the proposition,
then said proposition shall be deemed to have been accepted and
approved by the electors and revenue bonds shall be issued to
defray the cost of the acquisitions and improvements therein
-3-
specified and to the amount stated therein.
16. This resolution shall be published once a week for two
successive weeks in the
a newspaper of general circulation printed and published less than
six days a week in said District, and such publication shall con-
stitute notice of said election. No other notice of the election
hereby called need be given.
PresidehT~I' So~th Tahoe Publi¥ Utility
District
ATTEST:
-'Clerk and ex-officiO Secreta~P
The foregoing is a full, true and correct copy of a Reso-
lution which was duly and regularly adopted at a meeting of the
Board of Directors of the South Tahoe Public Utility District,
E1 Dorado County, California, duly held on the 19th day of
January, 1961, by the following vote of the members thereof:
AYES, and in favor thereof, Directors:
Goeringer, ?ankost, Wakeman, Wall, Souza
NOES, Directors: None
ABSENT, Directors: None
:: ?
Olerk and eX'officio Secretary 'of the
South Tahoe ~blic Utility ~i~trict
-4-
·
Affidavit
of
· ·
Publication
Lake Tahoe News
South Tahoe 'Public
,~ Utility District issue reveuue
· ~, bonds in the principal amount
~"~ o£ $325;000,'£or ,the acqulsttlons~~
.... ~'~0nstrllctl~n~' Improving and fl,
nanclng of a water supp~, stor.
' age :and .'distrl~tion works' and-
,,the
therein
Shall ~e~ pub-
News, a
print-
l.pub.~
o£ the
eld
members
rtct
8,
'UeOl. uq!13n~$suo9 'o1 ale
................. EasaL~&io=._.Na .... 9~2. ........................................
STATE OF CALIFORNIA ~ ss.
County of E1 Dorado J
C. F. BRANDI, being duly sworn according to law, deposes
and says: THAT he is and at all times herein mentioned was
a citizen of the United States over the age of 21 years and
that he is not a party to, nor interested in the above entitled
matter; that he is the printer of LAKE TAHOE NEWS, a
weekly newspaper of general circulation, duly adjudicated
by the Superior Court of the State of California in and for
the County of E1 Dorado, in proceedings No. 8805 by decree
filed July 26, 1956, to be a newspaper of general circulation
in the Judicial Township of Lake Valley and in the County
of El Dorado and in the State of California.
That the notice annexed hereto was printed and pub-
lished in said newspaper in type not smaller than nonpareil,
preceded with words printed in blackface type, not smaller
than nonpareil, describing or expressing in general terms the
purpose or character of the notice intended to be given, and
said notice has been published in each regular and entire
issue of said newspaper and not in any supplement thereof
on the following dates, to-wit:
........ F_eh zma ry-. __4 ,---1-..qb1 ............................................................
Subscribed and Sworn to before (-~ , /
me this ...... /-- .................... Y / (.' ~ / r ! //=
. 1,:_._5_.
Notary Public in and for
the County of E1 Dorado,
State of California
VEB 141961