Resolution No. 265KWHW:JHH:rd 11/23/60 6c
RESOLUTION NO. j~ ~-f~"~
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 THE 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
District on Tuesday, the 31st day of January, 1961, at which
election shall be submitted to the qualified voters the propo-
sition of issuing 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:
~ater Fh'cilities
Shall the South Tahoe Public
Utility District issue revenue
bonds in the principal amount
of $200,000, for the acquisition,
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
incidental thereto, as set forth in the proposition, is the
sum of $200,000.
3. The principal amount of the bonds to be issued
therefor is $200,000 and the rate of interest to be paid on
the bonds shall not exceed six per cent (6%) per annum, payable
semi -annually.
4. The Board does hereby submit to the qualified voters
of the District, at the Special District Election, this reso-
lution 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 proposition.
5o 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,
consisting 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
precinct shall be at
The election .
officers th~efor shall be as follows-
Clerk:
9. Ail persons qualified to vote at the General
District Election shall be qualified to vote upon the propositior
submitted at the Special District Election hereby called.
10. Ballots for the election shall be provided of the
form and to the number provided by law. 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 1
of this resolution, one having the word '~fES" printed before
it and the other having the word '~0" printed before it.
11. 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 '~fES" on the ballot to the right of the
proposition, and to vote against said proposition and against
the issuance of the bonds shall stamp a cross (X) in the blank
space opposite the word '~O" on the ballot to the right of the
proposition°
12. The Clerk of this District is hereby directed to
procure the necessary roster, ballot box and all other supplies
necessary to properly and lawfully conduct said election.
13. The polls shall be opened at 7:00 o'clock A.M. of
the day of the election and shall be kept open until 7:00
o'clock PoM. 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 returns thereof to the Clerk of said District
in~nediately upon completion thereof. The Board of Directors
3
will meet on the first Monday after the election to canvass the
r e turn s.
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 propositior
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 there-
in specified and to the amount stated therein.
16o This resolution shall be published once a week for
two successive weeks in the c ~z~.pa~__ \~~~_~z,~ ..... ,
a newspaper of general circulation printed and published less
than six days a week in said District, and such publication
shall constitute notice of said election. No other notice of
the election hereby called need be given.
~residen~bf SOu~h Tahoe Public Utility
District
ATTEST:
~C, leYk and ex-officio ~e~retary
4
The foregoing is a full, true and correct copy of a
Resolution 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 ~~
day of .~ ¢~j ~h~ ~ ~ , 1960, by the following vote of
the members thereof:
AYES, and in favor thereof, Directors:
Goeringer, Pankost, ~a~, Wall, Souza
NOES, Directors: None
ABSENT, Directors:
Clerk and ex-officio Secretary of the
South Tahoe Public Utility District.
Afhdav t
of
· ·
Publication
Lake Tahoe News
Resolution No. 265
STATE OF CALIFORNIA ~ ss. County of E1 Dorado ~
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 E1 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
or character of the notice intended to be given, and
notice has been published in each regular and entire
of said newspaper and not in any supplement thereof
on the following dates, to-wit:
........ D_eo_em...he ~..._2~=~_._19.6D .......................................................
Subscribed and Sworn to before
me this ..... ~ .......... '_L ....... day of
........
Nelmry Public in ~nd ~or
the County o~ E1 Derado,
81rote o~ O~lfforni~