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Resolution No. 202~'~IHW: EAW: mh 7 - 18-60-6 RESOLUTION NO. 20~ A RESOLUTIOI~ CALLING A SPECIAL ELECTION IN THE SOUTH TAHOE PUBLIC UTILITY DISTRICT FOR THE PURPOSE OF SUBMITTING TO THE ©~ALIFIED VOTERS OF THE DISTRICT THE PROPOSITION OF ISSUING REVENUE BONDS UNDER T~'~ REVEillE BOND LAW OF 1941 TO PROVIDE FUNDS FOR THE ACQUISITION, CONSTRUCTION, IMPROVING AND FINANCING OF A WATER WORY~ AND SYSTEM, DECLARING THE PRINCIPAL AMOUNT OF THE BONDS A~ THE ~'~kXI~J~l RATE OF INTEREST TO BE PAID THEREON, AtYD 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 ~%~ day of __~ep%~n~er · 1960· at which election shall be submitted to the qualified voters the proposition of issu- ing 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: Shall the South Tahoe Public Utility District issue revenue bonds in the Water Facilities principal amount of $200,000, for the acquisition, construction, improving and financing of a water supply, storage and distribution works and system, pur- suant to the Revenue Bond Law of 19~17 2. The estimated cost of the acquisition, construction, im- proving and financing of the enterprise, and the expenses inci- dental thereto, as set forth in the proposition, is the sum of $200~000. 3. The principal amount of the bonds to be issued therefor is .~fi00, O00 and the rate of interest to be paid on the bonds shall not exceed six per cent (6~$) per annum, payable semi-annually. ~. The Board does hereby submit to the qualified voters of the District~ at the Special District Electien, this resolution and the proposition set forth in Section ! 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. 5. The bonds, including the interest thereon, shall be a special obligation of the District, payable exclusively from ~tnd 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. Ail 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. ~. 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 AMERICAN LEGION ~T.T,, U.S.~igh~y No. TA~0E YALLE~ ~ CALIFOR~IA The election officers therefor shall be as follows: Inspector: LES NAGY Judge: TED Clerk: ~ 9. Ail persons qualified to vote at the General District Election shall be qualified to vote upon the proposition submitted at the Special District Election hereby called. 10. Ballots for the election shall be provided of the f~m 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 a~d set forth i~ Section i of this reso!utio~, o~e havil~g the word ~'YES~ printed before it and the other having the word "I'~0" printed before it. 11. Each voter to vote for the proposition and for the issu- ance of the bonds shall stamp a cross (X) i~ the blank space oppo- site the word ~'YES~' on the ballot to the right of the proposition, and to vote against said proposition and against the issua~ce of the bonds shall stamp a cross (X) in the bla~k space opposite the word "N0" 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 ~:00 o'clock ~.M. of the da of the electio~ a~d shall be kept open u~'~til ~:00 o'clock ?.M. of the same day, when the polls shall be closed, except as to voters in line as provided in Section 573~ of the Electio~s Code. 1~. When the polls are closed, the election officers shall count the ballots cast the~eat and the votes cast, respectively, for and against the proposition herein stated, and shall make returns thereof to the Clerk of said District i~mmediately upo~ completion thereof. The Board of Directors will meet o~ the first Mop, day after the election to canvass the retur~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 proposition, then sai~ 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 specified and to the amou~t stated therein. 16. This ~esolutio~ shall be published once a week for t~,.~o successive weeks in the _~.~I~...T.A~ ~E~S -- , a ~ewspaper of general circulation ?righted a~d published less tha~n si:a days a wee.lc in said District, a~d such publication shall 3 const:~tute notice of ,.~,zd election. No other notice of the elec- tion hereby called need be given. :Pr~s~d'ent of Soffth Tahoe Pub-~c Utility District The foregoing is a full, true and correct copy of a resolutio~ which was duly and regularly adopted at a meeting of the Board of Directors of the South Tahoe Public Utility District, E~ Dorado County, California, duly held on the ~1~.. day of July 196% by the following vote of the members thereof: AYES, and in favor thereof, Directors: Goeringer, Pankost, Wakeman, Wall, Souza NOES, Directors: None ABSENT, Directors: None -~e~k gnd e~-~.cio Secreta:y of the South Tahoe Public Utility District Affidavit of · · Publication Lake Tahoe News held~ bonds ~ Law~' ofl ex- torth:~ $200/. Ob; of from the '~ne!/%uolXet3 'A,I; OSle sooue[ld STATE OF CALIFORNIA ~ ss. County of E1 Dorado ~ C. F. BBANDI, being duly sworn according to law, deposes and says: THAT he is and at all times herein mentioned was a citizen o{ the United States over the age o~ 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 o{ general circulation, duly adjudicated by the Superior Court o{ the State of California in and {or the County of E1 Dorado, in proceedings No. 8305 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 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: July 30, 1950 Lu~st 3, 1960 ......................... Subscribed and ~rn to before me this ..... ~-__~ .......... day of No~ Public in and for the Co~tF of El Dorado, S~te of California