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Resolution No. 587W'~'4L:JHH:do 7/30/65 12c RESOLUTION N0. ,~-~'~/ A RESOLUTION AND ORDER APPROVING PROPOSED ANNEXATION AND C}La-NGING BOUNDARIES 0F DISTRICT ANNEXATION NO. 1965-% RESOLVED, by the Board of Directors of the South Tahoe Public Utility District, that WHERe%S, a petition signed by a majority of the qualified electors residing in certain unincorporated territory contiguous to the South Tahoe Public Utility District proposed to be annexed, and being in the same County as said District, asking that such territory be annexed to said District and consenting to such annexation without an election and with special terms and con- ditions, was addressed to the Board of Directors and filed with the Secretary of the District on the 20th day of May, 1965, in accordance with the provisions of the Public Utility District Act of the State of California; WHEREAS, the Clerk and ex-officio Secretary of the District has compared the signatures of said petition with the affidavits of registration on file with the County Clerk of E1 Dorado County~ and has found and certified to this Board that said petition has been signed by the required nmmber of electors in said territory~ and has attached his signature to the said petition and presented said petition to this Board; WHEREAS, on the ist day of July~ 1965~ this Board adopted its Ordinance No. 122 entitled, ?An Ordinance Describing Territory Proposed to be Annexed, Determining that Terms and Conditions are Necessary~ and Declaring Intention to Approve Such fmnexation~~ wherein it did describe the territory proposed to be annexed, declare its intention of approvins such annexation with special terms and conditions, and give notice fixing the time and place of hearing thereon and notifying all persons interested in, or that may be affected by the proposed anne~atio~ of said territory ¥ithin the District~ to appear at such meeting and show cause, in ~riting~ if any the~ have, ~hy said ~err~o~' ~ ~j or say of it should not be annexed as proposed in said petition~ WHER~AS~ said ordinance and notice ~ere filed ~ith the Secretary of the District and published and. posted for the time and in the manner provided by law; and WHEREAS~ no persons interested filed ~ith the Board v~ritten protests to the annexation or to the approval of the terms and conditions and no owners of ta×able property in the territory proposed to be annexed filed written protests to the proposed annexation or to the approval of the terms and conditions, and after due consideration of said protests this Board has found that all of said property proposed to be annealed will be sub- stantially benefited by annexation and has not modified the boundaries of the property proposed to be annealed. NOW, THEREFORE, IT IS FOU~, DETER~INED and ORDERED~ as follows: 1. That the territory described in said petition ~?ill be substantially benefited by annexation to said District and that said District will be substantially benefited by annexin~ said territory to said District. 2. That the boundaries of said District are hereby changed by including therein the territory described in said petition. 3. That the territory so annexed and the exterior boundar thereof are more particularly defined and established as set forth in Exhibit :~A" hereto attached and by reference made a part hereof. 2 4. That a certified copy of this resolution and order shall be filed for record in the office of the County Recorder of the County of E1 Dorado. ATTEST: President C~erk and ex-officio Secretary The foregoing is a full, true and correct copy of a re- solution which ~as 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 ~th day of 1965, by the follo~ing vote of the members thereof: AYES, and in favor thereof, Directors:~~~~/~'~-~ NOES, Directors: ABSENT, Directors: Clerk and e~-officio Secretary of South Tahoe Public Utility District WJML: JHH:mz 4/9/65 25c SOUTH TAHOE PUBLIC UTILITY DISTRICT ANNEXATION NO. 1965-4 EXHIBIT "A" All that certain real property situate in the County of E1 Dorado, State of California, more particularly described as follows: All that portion of the South half of the South half of Section 2, the East half of Section 3, the North half of the Northeast quarter of Section 10, and of the West half of Section ll, all in Township 12 North, Range 18 East, M.D.B.&M., particularly described as follows: BEGINNING at the Northwest corner of the parcel of land herein described, identical with the most Northerly corner of Lot 38 of Block 57 of Tahoe-Sierra Subdivision No. 3, as shown on the Official Map thereof, filed in the office of the County Recorder of the County of E1 Dorado, State of California, on July 5, 1946 in Map Book A, Map No. 45; thence leaving said point of beginning and along the exterior lines of said Tahoe-Sierra Subdivision No. 3, South 8° 08' West 245.62 feet, South 5° 24½' East 463.81 feet and South 49° 38' West 154.59 feet to the most Easterly corner of Lot 1 of Block 56 of said Subdivision; thence leaving said Subdivision, South 40° 22' East 425.90 feet along the South- westerly line of Martin Avenue extended Southeasterly to a point; thence meandering along the Westerly side of the Trout Creek meadow, in a Southerly direction the following courses and distances: South 3° 55' West 324.70 feet; South 29° 39' West 157.49 feet; South 3° 48' West 267.57 feet; South 14° 28' West 148.31 feet; South 21° 01½' West 149.33 feet; South 1° 28' West 278.50 feet; South 8° 49½' East 301.48 feet; South 16° 05' East 425.35 feet; South 24° 14' West 257.70 feet; South 68° 39' East 301.81 feet; South 25° 24' East 235.78 feet; South 19° 06' East 326.50 feet; South 35° 17~' East 596.10 feet; South 19° 22½' East 376.26 feet, South 3° West 350.30 feet and South 31° 50' East 143.06 feet to a 1 inch capped iron pipe stamped L.S. 2217 marking the East 1/16th corner between Section 3 and 10, 1950, from which a 2½ inch capped iron pipe marking the corner common to Sections 2 and 3, 10 and Township 12 North, Range 18 East, M.D.B.&M., bears North 89° 08' 44" East 1322.05 feet; thence continuing along the Westerly side of said Trout Creek Meadow, South 21° 40' East 265.23 feet; South · 1 8° 46½' West 287 49 feet; South 3 51½' West 270.43 feet; South 12° 18½' East 189.37 feet; South 31° 53½' East 239.04 feet and South 17° 01' West 143.34 feet to a point on the South boundary of the Northeast quarter of the Northeast quarter of said Section 10; thence along said South boundary, Easterly to the Southeast corner of the Northeast quarter of the Northeast quarter of said Section 10; thence along the Section line common to said Sections 10 and 11, Southerly 2640 feet, more or less, to the Southwest corner of the Northwest quarter of the Southwest quarter of said Section 11; thence along the South line of the North half of the Southwest quarter of said Section 11, Easterly 2640 feet, more or less, to the Southeast corner of the North half of the South- west quarter of said Section 11~ thence along the North-South centerline of said Section, North O0° 48' 13" West 1042.98 feet; thence leaving said North-South centerline North 31° 54' 30" West 564.21 feet; thence North 05° 25' 00" West 260.00 feet; thence North 09° 50' 00" West 1073.00 feet; thence North 16° 30' 00" West 582.96 feet; thence North 40° 00' 00" West 582.56 feet; thence South 82© 50' 00" East 221.14 feet; thence North 85° 19' 40° East 379.25 feet to a point on the Southwesterly line of Lake Christopher Subdivision, as shown on the Official Map thereof, filed in the office of the County Recorder of the County of E1 Dorado, State of California, on April 23, 1958 in Map Book B, Map No. 94; thence along the exterior lines of said Lake Christopher Subdivision, North 43° 37' 51" West 52.59 feet; thence North 83° 06' 11" West 192.54 feet; thence South 77° 03' 19" West 201.76 feet; thence North 86© 40' 41° West 149.14 feet; thence North 59° 10' 41" West 152.06 feet; thence North 31° 40' 56" West 185.86 feet~ thence North 64° 38' 16" West 87.58 feet; thence North 77© 28' 16" West 36.70 feet; thence North 39° 43' 46" West 248.80 feet; thence North 20° 27' 3l" West 109.31 feet; thence North 13° 04' 31" West 150.65 feet; thence North 07° 25' 31" West 63.00 feet; thence North 67°°47' 36" West 60.00 feet; thence North 07° 25' 31" West 57.52 feet; thence leaving said Lake Christopher Subdivision, and along the Easterly line of Pioneer Trail, North 06© 32' 46" West 61.68 feet; thence North 29° 50' 16" West 224.94 feet, thence North 18° 01' 06" West 77.98 feet; thence North 25© 06' 56" West 104.03 feet; thence North 33° 21' 36" West 59.32 feet; thence North 22© 32' 26" West 57.83 feet; thence North 25~ 05' 46" West 47.16 feet to the North line of the South half of the Southwest quarter of said Section thence along said North line, South 89© 09' 24" West 32.90 feet to the Northeast corner of Sierra Meadows Unit No. 4, as shown or the Official Map thereof, filed in the office of the County Re- corder of the County of E1 Dorado, State of California, on December 5, 1957 in Map Book B, Map No. 90; thence leaving said North line and along the Northeasterly line of said Subdivision, South 25© 05' 46" East 60.00 feet; thence South 22° 32' 26" East 60.00 feet; thence South 33° 21' 36" East 60.00 feet; thence South 25© 06' 56" East 100.00 feet; thence South 18© 01' 06" East 79.22 feet; thence South 29° 50' 16" East 197.08 feet; thence South 06° 32' 46" East 48.19 feet to the most Southerly corner of said Sierra Meadows Unit No. 4~ a point on the North- easterly line of Black Bart Avenue, as shown on the Official Map of Sierra Meadows Subdivision, filed in the office of the County Recorder of the County of E1 Dorado, State of California, on October 30, 1951, in Map Book B, Map No. 3; thence along said Northeasterly line, South 53© 42' 06" East 25.63 feet; thence crossing said Black Bart Avenue South 08° 42' 06" East 56.56' (to a point from which the Section corner common to said Sections 2, 3, 10 and 11, bears South 53° 56' 11" West 1224.87 feet); thence leaving said Black Bart Avenue, South 07~ 59' 10" East 176.46 feet along the said Westerly boundary of Pioneer Trail; thence leaving said boundary South 36° 45' 30" West 53.22 feet; thence North 43° 56' 30" West 322.53 feet; thence North 53° 42' 06" West 432.13 feet; thence North 12° 34' 50" West 66.57 feet to the Southerly corner of Lot 31 of the said Sierra Meadows Subdivision; thence along the exterior lines of said Sierra Meadows Subdivision, North 73© 59' 28" West 129.00 feet; thence North 78© 42' 06" West 220.68 feet; thence North 61° 42' 06" West 100.98 feet; thence North 74° 22' 06" West 106.90 feet; thence North 61° 42' 06" West 201.96 feet; thence North 53° 42' 06" West 100.00 feet~ thence North 23~ 42' 06" West 115.47 feet; thence North 53° 42' 06" West 200.00 feet; thence South 81° 17' 54'' West 141.42 feet; thence North 80° 56' 20" West 112.44 feet; thence North 61° 42' 06" West 141.39 feet; thence North 68 06" West 103.53 feet; thence North 61° 42' 06" West 100.98 feet; thence North 60° 17½ 26" West 100.67 feet; thence North 61° 42' 06" West 151.47 feet; thence North 22° 42' 06" West 58.33 feet; thence North 22° 12' 06" West 117.28 feet; thence North 55° 14' 24" West 130.97 feet; thence North 18° 56' 43" West 342.67 feet; thence North 07° 51' 29" West 100.72 feet; thence North 11* 48' 01" West 100.13 feet; thence North 22~ 06' 33" West 100.84 feet; thence North 14° 42' 06" West 100.00 feet; thence North 10© 11' 47" West 100.30 feet; thence North 03° 17' 47" East 105.15 feet; thence North 19~ 33' 08" West 100.36 feet; thence leaving said Subdivision, South 75° 18' West 25.0 feet; thence North 29~ 10' East 277.42 feet to the Northwest corner of Lot 1, Block A in said Sierra Meadows Subdivision; thence along the Northerly line of said Subdivision, North 75° 17' 24" 54" East 10~.00 feet and North 75° 25' East 40.00 feet to the Northeast corner of said Subdivision, a point in the Westerly line of Sierra Meadows, Unit No. 3, as shown on the Official Map thereof, filed in the office of the County Recorder of the County of E1 Dorado, State of California, on June 3, 1955, in Book B of Maps, Map No. 56; thence leaving said~Sierra Meadows Subdivision and along the Westerly line of said Sierra Meadows Unit No. 3, North 5~ 49' 40" West 108.05 feet; thence North 12~ 00' East 204.46 feet; thence North 6~ 00' West 180.99 feet; thence North 4© 00' West 200.50 feet; thence North 3° 38' 40" East 59.03 feet; thence North 23° 00' East 198.15 feet; thence North 43° 29' 40" East 149.8~ feet to the most Northerly corner of said Sierra Meadows Unit No. 3; thence leaving said last named subdivision and along the East line of the West half of Lot 11 oD said Section 3, Northerly to a point from which the Northeast corner of the West half of said Lot 11 bears North O0~ 30' 00" West 514.96 feet; thence leaving the East line of the West half of said Lot 11, North 81° 55' 30" West 180.04 feet; thence North 54° 30' 00" West 272.59 feet; thence North 3° 27' 10" West 324.60 feet to a 3/4 inch capped iron pipe on the North line of said Lot 11; thence along the North line of said LOt 11, Westerly to the point of beginning. Being E1 Dorado County Assessor's Parcel numbers: 25-061-13 25-081-08 25-101-02 and portions of 25-091-05 25-111-05 25-131-01 WJML:JS:fc 12/1/65 AFFIDAVIT 0FMAILING OFFICIAL NOTICE OF SALE SOUTH TAHOE PUBLIC UTILITY DISTRICT $1,400~000 SEWER REVENUE BONDS OF 1966 $700,000 -- FIRST DIVISION STATE OF CALIFORNIA County of San Mateo SS FRANCES CALHOUN, being first duly sworn, deposes and says: That she is an employee in the office of Wilson, Jones, Morton & Lynch, attorneys for the District of South Tahoe in the above project; that for and on behalf of the Clerk of said District she mailed, postage prepaid, copies of "Official Notice of Sale" in form hereto attached marked Exhibit "B" and by reference made a part hereof, to the banks and bond houses listed in Exhibit "A" attached hereto and made a part hereof by reference; that said mailing was completed on December 1, 1965. Subscribed and sworn to before me this 1st day of December . .., 1965. NO'tar'~ Public in af Cac e CO "f San Mateo, State if EXHIBIT "A" Allen & Company Municipal Bond Department 30 Broad Street New York 4, New York Allison-Williams Company Municipal Bond Department 745 Northwestern Bank Bldg. Minneapolis 2, Minnesota Allison-Williams Company Municipal Bond Department First National Bank Building St. Paul 1, Minnesota A. C. Allyn & Company, Inc. Municipal Bond Department 122 South LaSalle Street Chicago 3, Illinois American Securities Corporation Municipal Bond Department 25 Broad Street New York 4, New York Bache & Company Municipal Bond Department 120 Montgomery Street San Francisco 4, California Bailey & Company 5144 No. Palm Fresno, California Attn: Mr. John Bailey Bacon, Stevenson & Co. Municipal Department 25 Broad Street New York 4, New York Bank of America N.T. & S.A. Municipal Bond Department 300 Montgomery Street San Francisco 20, California Barcus, Kindred & Company Municipal Bond Department 231 South LaSalle Street Chicago 4, Illinois J. Barth & Company Municipal Bond'Department 3323 Wilshire Boulevard Los Angeles 5, California J. Barth & Company Municipal Bond Department 404 Montgomery Street San Francisco 4, California (2) Beckman & Co., Inc. Investment Securities Municipal Bond Department 11 Church Street Lodi, California Birr Wilson & Co., Inc. 155 Sansome Street San Francisco 4, California Attn: Mr. William C. Richardson Blair & Co., Inc. Municipal Bond Department 20 Broad Street New York 5, New York Allan Blair & Company Municipal Bond Department 135 South LaSalle Street Chicago 3, Illinois Blyth & Co., Inc. Municipal Bond Department 629 South Spring Street Los Angeles 14, California Blyth & Co., Inc. Municipal Bond Department 2100 Russ Building San Francisco 4, California Boettcher and Company Municipal Bond Department 828 17th Street Denver 2, Colorado (2) Boettcher and Company One Chase Manhattan Plaza New York, New York Attn: Mr. Arthur G. Field Boettcher and Company 135 South LaSalle Street Chicago, Illinois Attn. Mr. H. E. Hands, Jr. Boland, Saffin, Gordon & Sautter Municipal Bond Department 35 Wall Street New York 5, New York C. A. Botzum & Co. Municipal Bond Department 210 West 7th Street Los Angeles 14, California Braun~ Bosworth & Co., Inc. Municipal Bond Department 120 Broadway New York 5, New York Howard W. Brod 14032 N. Canterbury Drive Phoenix, Arizona 85023 Brown Brothers Harriman & Co. Municipal Bond Department 59 Wall Street New York 5, New York Brush, Slocumb & Co., Inc. Municipal Bond Department 465 California Street San Francisco 4~ California California Municipal Statistics, Inc. 244 Kearny Street San Francisco 8, California Charmer Newman Securities Company Municipal Bond Department 39 South LaSalle Street Chicago~ Illinois Cincotta Inc. Municipal Bond Department 208 South LaSalle Street, Suite 1230 Chicago, Illinois 60604 John Clarke & Co. Municipal Bond Department 135 South LaSalle Street Chicago 3, Illinois Coughlin and Company, Inc. Municipal Bond Department 810 Security Building Denver 2, Colorado Crocker-Citizens National Bank Municipal Bond Department 1 Montgomery Street San Francisco 20, California Attn: Mr. Horsfall Crocker-Citizens National Bank Mr. H. E. Work, Vice President P. 0. Bo× 2457 Terminal Annex Los Angeles, California 90054 Crowell, Weedon & Co. 629 South Spring Street Los Angeles 14, California Attn: Mr. Harry Sime Dempsey~Tegeler & Co. (2) Municipal Bond Department 210 West 7th Street Los Angeles 14, California R. S. Dickson & Company~ Inc. Municipal Bond Department 135 South LaSalle Street Chicago 3, Illinois Dun & Bradstreet, Inc. P. 0. Box 803 Church Street Annex New York 8, New York Attn: Mr. H. C. Grossman Francis I. DuPont & Co. 317 Montgomery Street San Francisco 4, California Attn: Mr. R. F. Peterson Francis I. DuPont & Co. Municipal Bond Department 677 South Figueroa Street Los Angeles 17, California Francis I. DuPont & Co. Municipal Bond Department 723 East Green Street Pasadena, California Mr. E. B. Eby 148 Glen Court Walnut Creek, California Euphrat Securities Co. Suite 425 Balfour Building San Francisco 4, California Attn: Mr. E. F. Euphrat First California Company (2) 300 Montgomery Street San Francisco 20, California Attn: Mr. Odus C. Horney First Municipal Investments 832 First National Bank Bldg. Phoenix, Arizona 85004 Attn: Mr. R. L. Thiessen Davis, Skaggs & Co. Municipal Bond Department 111 Sutter Street San Francisco 4, California Davis, Skaggs & Co. P. 0. Box 1171 San Jose, California Attn: Mr. V. N. Lundy Goldman, Sachs & Co. Municipal Bond Department 20 Broad Street New York 5, New York Goldman, Sachs & Co. 629 So. Sprin~ Street Los Angeles 14, California Attn: Mr. Fredrich J. Walker ii Goodbody & Co. Municipal Bond Department One North LaSalle Street Chicago 2, Illinois Hanifen, Imhoff & Samford, Inc. Municipal Bond Department 650 17th Street Denver 2, Colorado Goodbody & Co. Two Broadway New York 4, New York Attn: Mr. James F. Reilly or Mr. Charles M. Harmon, Jr. Leo Goodman, Esq. 629 South Hill Street Los Angeles~ California Grande & Co., Inc. 1605 Hoge Building 2nd and Cherry Streets Seattle 4, Washington Attn: Mr. E.P.R. Erckenbrack Hannaford & Talbot 111 Sutter Street San Francisco 4~ California Attn: Mr. Warren D. Williams Hannaford & Talbot 634 Fourth Street Santa Rosa, California Attn: Mr. Leonard Talbot (Just pertaining to Santa Rosa) Harbison & Henderson Municipal Bond Department 219 West 7th Street Los Angeles 14, California Gross and Company, Inc. Municipal Bond Department 816 West 5th Street Los Angeles 17, California Harriman Ripley & Co., Inc. Municipal Bond Department Russ Building San Francisco 4~ California J. B. Hanauer & Co. Municipal Bond Department 9300 Wilshire Blvd. Beverly Hills, California J. B. Hanauer & Company Municipal Bond Department 9 Clinton Street Newark 2, New Jersey (2) J. B. Hanauer & Co. Municipal Bond Department 703 No. Fulton Street Fresno, California (2) J. B. Hanauer & Co. (2) Municipal Bond Department 200 Sansome Street San Francisco 4, California J. B. Hanauer & Co. Municipal Bond Department 1911 5th Avenue San Diego 1, California (2) J. B. Hanauer & Co. Municipal Bond Department 1435 Alhambra Blvd. Sacramento~ California (2) Hanauer, Stern & Company (2) Raymond Commerce Bldg. 1180 Raymond Blvd. Newark, New Jersey Attn: Mr. William Hanauer, Jr. Harriman Ripley & Co.~ Inc. Municipal Bond Department 63 Wall Street New York 5~ New York Hill, Richards & Co. Municipal Bond Department 120 Montgomery Street San Francisco 4~ California J. A. Hogle & Co. Municipal Bond Department 507 West 6th Street Los Angeles 14, California D. W. Holmes & Co. Municipal Bond Department 124 South D Street Madera, California Holton Henderson & Co. Municipal Bond Department 210 West 7th Street Los Angeles, California Hornblower & Weeks Municipal Bond Department 750 Main Street Hartford 3, Conn. Hughbanks, Incorporated Municipal Bond Department Dexter Horton Building Seattle 2, Washington Hutchinson, Shockey, Eiley & Co. 208 South LaSalle Street Chicago, Illinois 60604 iii E. F. Hutton & Co. Municipal Bond Department 160 Montgomery Street San Francisco 4, California W. E. Hutton & Co. Municipal Bond Department First National Bank Building Cincinnati 2, Ohio W. E. Hutton & Co. Municipal Bond Department 14 Wall Street New York 5, New York Juran & Moody~ Inc. (3) Municipal Bond Department 114 E. 7th Street St. Paul 1, Minnesota Kirchner and Company 718 Seventeenth Street Denver, Colorado 80202 Attn~ Mr. James D. Kreidle Laidlow & Co. Municipal Bond Department 25 Broad Street New York 4, New York Lawson~ Levy, Williams & Stern Municipal Bond Department 1 Montgomery Street San Francisco 4, California Leppo, Dorking & Sherman Investment Counsel 315 Montgomery Street San Francisco 4, California Irving Lundborg & Co. Municipal Bond Department 310 Sansome Street San Francisco 4, California McDougal and Condon, Inc. 208 South LaSalle Street Chicago 4, Illinois Attn: Mr. Joseph Condon Mason Bros. 1130 First Western Building Oakland 12, California Attn: Mr. R. R. Fischer iv Mason Bros. 601 California Street - Room 1809 San Francisco 8, California Attn~ Mr. M. M. Matlock Merrill Lynch, Pierce, Fenner & Smith, Inc. Municipal Bond Department 3600 Wilshire Boulevard Los Angeles, California Merrill Lynch, Pierce, Fenner & Smith~ Inc. Municipal Bond Department 301 Montgomery Street San Francisco 4, California Meriwether Investment Company, Ltd. Municipal Bond Department 1833 W. Olympic Boulevard Los Angeles 6, California Moody's Investors Service 99 Church Street New York 7, New York Attn: Mr. Robert Riehl (2) William S. Morris & Co. Municipal Bond Department 1 Chase Manhattan Plaza New York 5, New York R. H. Moulton & Company Municipal Bond Department 510 South Spring Street Los Angeles 13, California R. H. Moulton & Company Municipal Bond Department 405 Montgomery Street San Francisco 4, California National Securities Corporation 809 Skinner Building Seattle 1, Washington Attn: Mr. C. A. McIntyre Newburger~ Loeb & Co. 5 Hanover Square New York ~, New York Attn: Mr. Richard W. Cook New York Hanseatic Corp. 110 Sutter Street San Francisco ~ California Attn: Mr. Morgan John Nuveen & Co. 135 South LaSalle Street Chicago 3, Illinois Attn~ Mr. Leo Brennon John Nuveen & Co. Municipal Bond Department 5 Hanover Square New York 4~ New York John Nuveen & Co. Municipal Bond Department 210 West 7th Street Los Angeles 14, California John Nuveen & Co. 405 Montgomery Street, Room 523 San Francisco 4~ California Attn: Mr. Robert Hammond Pacific Coast Securities Co. Municipal Bond Department 240 Montgomery Street San Francisco 4, California Paine, Webber, Jackson & Curtis Municipal Bond Department 25 Broad Street New York 4, New York Paine, Webber, Jackson & Curtis Municipal Bond Department 204 W. 7th Street Los Angeles 14, California Paine, Webber, Jackson & Curtis Municipal Bond Department 369 Pine Street San Francisco, California Piper, Jaffray & Hopwood Municipal Bond Department 115 South 7th Street Minneapolis 2, Minnesota Pohl & Company, Inc. Municipal Bond Department 413 Dixie Terminal Building Cincinnati 2, Ohio S. C. Pohlman Company Municipal Bond Department 550 California Street, Suite 780 San Francisco 4, California Wm. E. Pollock & Co., Inc. Municipal Bond Department 275 South Beverly Drive Beverly Hills, California R. W. Pressprich & Co. 75 Federal Street Boston, Mass. 02110 Publix Title Co. Suite 915 Bankers Bldg. 629 S. Hill Street Los Angeles, California Attn: Mr. Y. Stone Rand & Co. Municipal Bond Department 1 Wall Street New York 5, New York Realty Tax and Service Co. 555 Polk Street San Francisco, California Attn: Mr. Ray Goutro Refsnes, Ely, Beck & Co. Municipal Bond Department 112 West Adams Street Phoenix, Arizona Irving J. Rice & Co.~ Inc. Municipal Bond Department 202 Pioneer Building St. Paul 1~ Minnesota Sanford & Co. Municipal Bond Department 233 Sansome Street San Francisco 4, California Schwabacher & Co. 100 Montgomery Street San Francisco 4, California Attn: Mr. Ledger Robert E. Schweser Company Municipal Bond Department 208 South 19th Street Omaha 2, Nebraska Robert E. Schweser Company Prudential Building 3212 Loma Vista Road Ventura, California Attn: Mr. William E. Buckner Wm. E. Pollock & Co.~ Inc. Municipal Bond Department 45 Wall Street New York 5, New York Seasongood & Mayer Security Savings Building Cincinnati 2~ Ohio Attn: Mr. T. J. Reis R. W. Pressprich & Co. Municipal Bond Department 80 Pine Street New York 5, New York (2) V Security First National Bank Municipal Bond Department 215 West 6th Street Los Angeles 54~ California Shaw Hooker & Co. i Montgomery Street San Francisco 4, California Attn: Mr. Arthur A. Gambarasi Shaw, McDermott & Co. Municipal Bond Department 916 Liberty Building Des Moines 9, Iowa F. S. Smithers & Co. Municipal Bond Department 45 Wall Street New York 5, New York F. S. Smithers & Co. Municipal Bond Department Russ Building San Francisco 4~ California Southwest Municipal Bonds, Inc. 10202 N. 19th Avenue Phoenix 21, Arizona Attn: Mr. Lewis Offerman Standard & Poors Corporation Municipal Bond Department 345 Hudson Street New York 14, New York William R. Staats & Co. Municipal Bond Department 221 Montgomery Street San Francisco 4, California William R. Staats & Co. Municipal Bond Department 640 South Spring Street Los Angeles 14~ California State Tax Service 400 Montgomery Street~ Room 314 San Francisco 4, California Stern, Frank, Mayer & Fox Municipal Bond Department 325 West 8th Street Los Angeles 14~ California Stone & Youngberg (3) 1314 Russ Building San Francisco 4, California Attn: Mr. David Hartley Storz-Wachob-Bender Co. 3624 Farnam Street Omaha 31, Nebraska Attn: Mr. M. J. Warren Taylor and Company (2) Municipal Bond Department 439 North Bedford Drive Beverly Hills, California The Bond Buyer 67 Pearl Street New York 4, New York The Hibernia Bank Municipal Bond Department 1 Jones Street San Francisco 20, California The Manhattan Company P. O. Box 2149 Fresno, California Attn: Mr. Lee Scott The Bank of California 400 California Street San Francisco, California Underwood, Neuhaus & Co., Inc. Municipal Bond Department 724 Travis Street Houston~ Texas United California Bank Municipal Bond Department 600 South Spring Street Los Angeles 54, California United California Bank Municipal Bond Department 405 Montgomery Street San Francisco 4, California Universal Securities Corporation Investment Securities Municipal Bond Department 1410 South Third Street Las Vegas, Nevada B. J. Van Ingen & Co.~ Inc. Municipal Bond Department 40 Wall Street New York, New York 10005 M. B. Vick & Company Municipal Bond Department 120 South LaSalle Street Chicago 3, Illinois vi Wagenseller & Durst 626 South Spring Street Los Angeles 14, California The Wall Street Journal Bond Editor ~ Broad Street New York ~ New York Attn: Mr. Patrick Carberry Walston & Co., Inc. Municipal Bond Department 265 Montgomery Street San Francisco, California Walston & Co.~ Inc. Municipal Bond Department 111 West Jackson Street Chicago, Illinois Walter~ Woody & Heimerdinger Municipal Bond Department 313-314 First National Bank Bldg. Cincinnati 2, Ohio Weeden & Company Municipal Bond Department 510 South Spring Street Los Angeles 1~ California Weeden & Company Munlcmpal Bond Department 315 Montgomery Street San Francisco, California Wells Fargo Bank Municipal Bond Department ~6~ California Street San Francisco 20, California C. N. White & Co. (2) Municipal Bond Department 1201 Central Bank Building Oakland 12~ California White Weld & Co. Municipal Bond Department 20 Broad Street New York 5, New York Dean Witter & Co. Municipal Bond Department 45 Montgomery Street San Francisco 6~ California Wulff Hansen & Co. Municipal Bond Department Russ Building San Francisco 4, California Mr. T. J. Zupfer Assistant Trust Officer Bank of America N.T. & S.A. Main Office 300 Montgomery Street San Francisco, California 94120 vii OFFICIAL NOTICE OF SALE SOUTH TAHOE PUBLIC UTILITY DISTRICT $1,400~000 SEWER REVENUE BONDS OF 1966 $700,000 -- FIRST DIVISION NOTICE IS HEREBY GIVEN that sealed proposals or bids may be filed with the Clerk of the South Tahoe Public Utility District on or before 8:00 o'clock Po Mo (Pacific Standard Time) on DECEMBER 16~ 1965 for the purchase of $700,000 Sewer Revenue Bonds of 1966 - First Division, of said District, at which time said sealed proposals or bids will be publicly opened, examined and declared in the regular meeting place of the Board of Directors of said District, the Tahoe Valley Fire House, South Tahoe, California° If bids are mailed, they should be addressed to the District, Post Office Box 825, Bijou, California° FIRST DIVISION: $?00,000, consisting of either 700 bonds in number, of the denomination of $1,000 each, or shall be 140 in number, of the denomination of $5,000 each. All bonds shall be dated January 15, 1966o MATURITIES: Said bonds will mature serially and consecu- tively in numerical order from the lowest to the highest in the following amounts on January 15 in each of the following years~ $15,000 in each of the years 1967 to 1971, inclusive; 20,000 in each of the years 1972 to 1976, inclusive; 25,000 in each of the years 1977 to 19~9, inclusive; 30,000 in each of the years 1980 to 19~$, inclusive; 35,000 in each of the years 1984 and 19~5; ~0,000 in each of the years 1986 to 1988, inclusive; 45,000 in each of the years 1989 and 1990; and 50,000 in the year 1991o SUBSEQUENT DIVISIONS: The Board by this offer agrees that it will not sell any of the remaining $700,000 of bonds of the authorized issue prior to January l, 1967. DENOMINATION OF BONDS: Bidders for said bonds must indicate in the bid proposal whether the denomination of bonds will be $1,000 or $5,000° A bid which is silent as to denomination shall be conclusively presumed to be for bonds of the denomination of $5,000 each. INTEREST: The bonds of the First Division shall bear interest at the rate of not to exceed five per cent (5%) per annum from their date until paid. Said interest shall be payable semiannually on January 15 and July 15 of each year to the date of maturity. Attached to each bond shall be interest coupons payable at the times the respective interest payments thereon become due and for the amount thereof, as determined from the accepted bid for the purchase of the bonds. Bidders for the purchase of the bonds of this Division must specify the rate or rates of interest which the bonds shall bear. Bidders may bid different rates of interest irrespective of the maturities of the bonds; provided, that the spread from the lowest to the highest rate shall not exceed two and one-half per cent (2-1/2%) per annum. The EXHIBIT "B" The interest rates stated in the bid may be in multiples of any fraction of 1%o Bidders shall not be permitted to cause the in- terest for a given period to be split and represented by more than one coupon. INTEREST AFTER If the bonds or coupons are not paid MATURITY: upon presentation at maturity, or if re- deemed and duly called for redemption, interest will continue at the rate stated in the bonds until paid in full. WHERE PAYABLE: Both principal and interest are payable in lawful money of the United States of America at the Main Office of the Bank of America No To & So 300 Montgomery Street, San Francisco, California, the Fiscal Agent of the District, or, at the option of the holder, at any fiscal agency of the District in Los Angeles, California, Chicago, Illinois, or New York, New York° CALLABLE BONDS: Bonds maturing by their terms on or be- fore January 15, 1976 shall not be subject to call prior to their fixed maturity date° Bonds maturing on or after January 15, 1977, shall, by their terms~ be subject to call and redemption, at the option of the District, as a whole or in part, in inverse numerical order~ on January 15, 1977 (but not prior thereto) or on any interest date thereafter and prior to their maturity date or dates at the principal amount thereof and accrued interest thereon to the date of redemption, plus a redemp- tion premium equal to 1/4 of 1% of such principal amount for each whole twelve (12) months, and for any remaining fraction of a twelve (12) month period from the date fixed for redemption to the maturity date of the bonds; provided, however, that in no event shall the total of such premiums so paid exceed the stated annual interest rate applicable to each bond redeemed° PURPOSE OF ISSUE: Said bonds are authorized for the purpose of the acquisition., construction, improv- ing and financing of additions, extensions and improvements, in- cluding the acquisition of lands and easements necessary therefor, and all costs incidental thereto., to an Enterprise consisting of sewage treatment plant and facilities of the entire District, to- gether with all additions and improvements to said system here- after made. REGISTRATION: Bonds will be coupon bonds, registrable as to principal and interest, or as to principal only. Registered bonds may be de-registered and again become paYable to bearer° De-registered bonds are subject to re-registration in the same manner as previously unregistered bonds° AUTHORITY FOR Said bonds are authorized to be issued ISSUANCE: by Resolution No. 588 entitled "A Resolution Providing for the Issuance of Sewer Revenue Bonds, Fixing the Form of Bonds and Providing Covenants for Their Protection", adopted on October ?, 1965, by the Board of Directors of said District, pursuant to the Revenue Bond Law of 19~l (GoVernment Code~ Chapter 6, Part l, Division 2, Title 5) and in accordance With resolutions of the Board of Directors of the District submitting the question of their issu- · ,ance to the qualified voters of the District at an election held for that purpose on September 21, 1965, and as authorized by the vote of more than the requisite majority of the voters of the District voting on the proposition at said election° SECURITY: Said bonds are revenue bonds payable exclusively from the gross revenues of the District Enterprise, as defined in the Bond Resolution° In said Bond Resolution, all of the gross revenues are pledged as a direct and exclusive first charge and lien thereon to pay the principal of and interest on the bonds and to provide and maintain a Bond Fund, a Reserve Fund, operation and maintenance funds and a Surplus Fund° RATIO OF COVERAGE: The Entity covenants that it will at all times establish, maintain and collect charges sufficient, with other revenues received, to provide net revenues equal to not less than lo~0 times the aggregate amount of the principal of and interest on the bonds of this issue which shall become due and payable within the next succeeding twelve (12) months° SPECIAL 0BLIGATION~ The bonds are a special obligation pay- able from the gross revenues° They are not a debt of the District, nor a charge, lien or encumbrance upon any of its property, income, receipts or revenues other than those pledged° No recourse may be had therefor against its General Fund, credit or taxing power~ nor can it be compelled to ..... r~ise its taxing power or forfeit any of its properties therefor° TAX EXEMPT STATUS: In the opinion of Bond Counsel, interest on the bonds is exempt from taxation by the United States of America under present Federal Income Tax laws and also from taxation by the State of California under pre- sent State Income Tax lawso LEGAL OPINION: The legal opinion of Wilson, Jones, Morton & Lynch, 6B0 North San Nateo Drive, San Mateo, California, approving the validity of said bonds, will be furnished to the ~successful bidder without charge° FORM OF BID: All bids shall be for not less than all of the bonds hereby offered and FOR NOT LESS THAN 98% OF THE PAR VALUE THEREOF AND ACCRUED INTEREST TO DATE OF DELIVERY° Each bidder is requested to state in his bid the total net interest cost in dollars and the average net interest rate to be determined from the price paid, which shall be considered informative only and not a part of the bid° AWARD~ The bonds will be awarded upon the highest and best bid of a responsible bidder or bidders, considering the interest rate or rates specified and the premium or discount offered, if any° The highest bid will be determined by deducting the premium from, or adding the discount to, the total amount of interest which the District would be required to pay from the date of said bonds to their respective maturity dates at the coupon rate or rates specified in the bid, and the award will be made on the basis of the lowest ne't interest cost to the District. The lowest net interest cost shall be c:omputed between the dates aforesaid on a 360-day per year basis° The purchaser must pay accrued interest from vhe date ef the bonds to the date of delivery° The cost of printing the bonds will be borne by the District° RIGHT OF REJECTION~ The District reserves the right in its discretion~ to reject any and all bids and to waive any irregularity or informality in any bid° PROMPT AWARD~ The Board of Directors wiii take action awarding the bonds or rejecting all bids not later than 25 hour's after the expiration of the time herein prescribed for receipt of proposals; provided~ that the award may be made after the expiration of the specified time if the bidder shall not have given to the Board of' Directors notice in writing of the wi'thdrawal~ of such proposal° PLACE OF DELiVERY~ Said bonds will be delivered to the suc- cessful bidder at the Main Office of the Fiscal Agent, Bank of America No To & So Ao, 300 Montgomery Street, San Francisco, Cai. ifornia~ or at any other place mutually agreeable to both parties,. BID CHECK~ A certified or cashier's check on a re- sponsible bank or trust company in the amount of $1~,000 payable to the order of the District must accompany each proposal as a guarantee that the bidder if successful~ will accept and pay for said bonds in accord- ance with the terms of its bid° The check will not be cashed until the bonds have been delivered and the remainder of the purchase price paid to the District~ at which time it will be applied on account of the purchase price of the bonds~ but no interest shall accrue in favor of the bidder on the amount of the check° If the proposal is accepted but not performed, unless such failure of performance shall be caused by any act or omission of the District~ the check may be cashed and the proceeds retained by the District° The check accompanying each unaccepted proposal, will be returned promptly° ENCLOSURE: Ail 'bids, together with the bid check, must be enclosed in a sealed envelope addressed to the Board of Directors of the South Tahoe Public Utility District~ with the envelope and bid marked "Proposal for Sewer Revenue Bonds of 1966 - First Division" NO LITIGATION: There is no controversy or litigation pending or threatened concerning the validity of the above issue, the organization of the District or the title of the officers to their respective offices, and the District will furnish to the successful bidder a no- litigation certificate to the foregoing as of and at the time of delivery of the bonds° ADDITIONAL Additional information relative to INFORMATION~ the District~ including copies of the Prospectus and Bond Resolution, may be obtained from David Wo Callahan Po 0o Box 825 Bijou, California O r Wilson, Jones, Morton & Lunch 620 North San Mateo Drive San Mateo, California Dated: November 18, 1965 DAVID W o CALLAHAN Clerk of the South Tahoe Public Utility District 5