Resolution No. 640WJML:JHH:do 12/23/65
RESOLUTION NO. 640
A RESOLUTION REJECTING BIDS FOR SALE OF BONDS
FIRST DIVISION SEWER REVENUE BONDS OF 1966
RESOLVED, by the Board of Directors of the South Tahoe
Public Utility District~ E1 Dorado County, California, that
WHEREAS, pursuant to its Resolution No. 590, A Resolution
Calling for Bids on the Sale of $700,000 First Division Sewer
Revenue Bonds of 1966, adopted by this Board on October 7, 1965,
pursuant to the terms of Resolution No. 588, A Resolution
Providing for the Issuance of the First Division of Sewer Revenue
Bonds, Fixing the Form of Bonds and Providing Covenants for Their
Protection, adopted by said Board on October 7, 1965, notice of
said sale has been duly given and this is the time and place
fixed by said Board for receiving bids for the purchase of said
bonds, and said bonds have been received and publicly opened,
examined and declared by this Board, and
WHEREAS, this Board reserved the right in its dis-
cretion to reject any and all bids;
NOW, THEREFORE, IT IS HEREBY RESOLVED that all bids
received on the First Division Sewer Revenue Bonds of 1966
be, and they are hereby, rejected.
I hereby certify that the foregoing resolution was duly
and regularly adopted and passed by the Board of Directors of the
South Tahoe Public Utility District, E1 Dorado County, California,
at an adjourned regular meeting thereof held on December 17,
1965, by the following vote of the members thereof:
AYES, and in favor thereof, Directors~ Wakeman, Kortes,
Fesler, Stewart and Bickle
NOES, Directors: None
ABSENT, Directors: None
rk arid ex-of_icio S~etary'~
Board of Directors of the South
APPROVED: Tahoe Public Utility District
(~) of the Board