Resolution No. 841WJML: KIJ ~ ........ ,,~
RESOLUTION NO. 841
RESOLUTION AMENDING RESOLUTION NOo 825, ENTITLED
"A RESOLUTION PROVIDING FOR THE ISSUANCE OF
$2,700,000 PRINCIPAL AMOUNT OF BONDS OF THE SOUTH
TAHOE PUBLIC UTILITY DISTRICT FOR IMPROVEMENT DIS-
TRICT NOo U-1 AND FOR THE ISSUANCE OF SAID BONDS
IN SERIES~ PROVIDING FOR THE LEVY OF A TAX IN SAID
IMPROVEMENT DISTRICT TO PAY THE PRINCIPAL OF AND
INTEREST ON SAID BONDS; DESIGN~.TING $900,000 PRIN-
CIPAL AMOUNT OF SAID BONDS AS SERIES A, DESCRIBING
THE AMOUNT¢ DATE AND N~.~ERS OF BONDS OF SAID SER-
IES A AND OF THE COUPONS TO BE ATTACHED THERETO,
FIXING THE MAXIMUM RATE OF INTEREST THEREON AND
PRESCRIBING THE MATURITY THEREOF"
$2,700,000 BONDS OF
SOUTH TAHOE PUBLIC UTILITY DISTRICT
FOR
IMPROVEMENT DISTRICT NO. U-1
SERIES A - $900,000
RESOLVED, by the Board of Directors of the South Tahoe Publi~
Utility District, E1 Dorado County, California, that
lo Section 4 of the Resolution cited in the title, adopted
by this Board on the 4th day of May, 1967, is amended to read as
follows:
"4° Series A Bonds shall bear interest at the rate of not to
exceed six and one-half percent (6-1/2%) per annum from their date
until paid° Said interest shall be payable on July 2, 1968, and
semiannually thereafter on the 2nd day of January and the 2nd day
of July of each year to the date of maturity. Attached to each
said bond shall be interest coupons payable at the times the re-
spective 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 Series A Bonds must specify the
rate or rates of interest which the bonds shall bear. Bidders
may bid different rates of interest irrespective of the maturi-
ties of the bonds, provided that the spread from the lowest to
the highest rate shall not exceed two and one-half percent
(2-1/2%) per annum. The interest rates stated in the bid may be
in multiples of any fraction of one percent° iBidders shall not
be permitted to cause the interest for a given period to be split
and represented by more than one coupon°
2o The words "as amended" shall be inserted after the phrase
"May 4, 1967," in the tenth line of the ??~%h paragraph on page
ii of the Exhibit "A" Bond Form°
ATTEST
, PresicIent
I hereby certify that the foregoing is a full,, true and
correct copy of a resolution duly and regularly adopted by the
Board of Directors of the South Tahoe Public Utility District,
E1 Dorado County, California, at a meeting thereof duly held
on the ° day of ~,~-- , 1967, by the following vote:
AYES, and in favor thereof, Directors:
Wakeman
Kortes
Fesler
Meli~ean
Hegarty
NOES, Directors: None
ABSENT, Directors~ None
Clerk and ~Ex-0ffiCio 'Secretary
South Tahoe Public Utility
District