Resolution No. 794WJML~RJH~gbb 3/24/67 12c
RESOLUTION N0o 794
A RESOLUTION DETERMINING THAT THE ISSUANCE OF
SUBDISTR!CT BONDS IS NOT SUBJECT TO PRIOR,
~INVESITGATION~ REPORT AND APPROVAL BY
CALIFORNIA DISTRICT SECURITIES COMMISSION
SOUTH TAHOE PUBLIC UTILITY DISTRICT
ASSESSMENTDISTRICT 1966-2
RESOLVED, by the Board of Directors of the South Tahoe Public
Utility District, E1 Dorado County, California, as follows~
lo The South Tahoe Public Utility District, herein called
"District," is a public utilities district formed pursuant to the pro-
visions of the Public Utility District Act (Division 7 of the Public
Utilities Code of the State of California)°
2o This Board proposes to issue on April 18, 1967, subdistrict
bonds, as follows: Assessment District 1966-2 Bonds in the amount of
$287,792°09 (less any portion of said amount which may be realized by
payment of assessments within the thirty (30) day period for paymen~~'
thereof or which may be represented by a reduction of the proposed
assessments prior to final confirmation thereof)° Such bonds are to
be issued by District under the Improvement .Bond Act of 1915o The
special assessment district, which is identified and referred to as
"Assessment District 1966-2" in the proceedings being had by this
Board with respect thereto, comprises less than the entire territory
of District°
3o Sectio~ 58753 of the District Securities Investigation Law
of 1965 (Chapter 2°5, Division l, Title 6 of the Government Code of
the State of California), provides, in part, that the issuance of sub-
district,bonds shall be subject to prior investigation~ report and
,approval by the California District Securities Commission, herein
called "Commission," whenever all of the conditions set forth in sub-
sections (a), (b) and (c) thereof are present°
4o There are more than 500 registered voters residing within
the entire South Tahoe Public Utility District°
5o The condition set forth in subsection (a) of Section 58?53
is not present°
6o This Board hereby determines that the issuance of the subh
district bonds set forth in Section 2 hereof is not subject to prior
investigation, report and approval by Commission°
7° The Secretary is directed to file a certified copy of this
resolution with Commission at least fourteen (14) days prior to date
of the issuance of the bonds°
ATTEST:
Clerk and Ex-0fTTcio S~ec~e~ary
Pf~si~en~
I hereby certify that the foregoing is a full, true and correct
copy of a resolution duly and regularly adopted by the Board of Di-
rectors of the South Tahoe Public Utility District, E1 Dorado County,
California, at a meeting thereof duly held on the 30t-h day of
M^RCH , 1967, by the following vote~
AYES, and in favor thereof, Directors~ FESLER, WAKEMAN, MELIKEAN,
KORTES, & HAGERTY
NOES, Directors~
ABSENT, Directors~
Clerk and Ex-Officio Secretary
South Tahoe Public Utility
District
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