Resolution No. 1025· ~. WJML:RJH:eJa 2/9/68 12c
RESOLUTION NO. 1 0 2 5
A RESOLUTION DETERMINING THAT THE ISSUANCE OF
SUBDISTRICT BONDS IS NOT SUBJECT TO PRIOR
INVESTIGATION, REPORT AND APPROVAL BY
CALIFORNIA DISTRICT SECURITIES COMMISSION
SOUTH TAHOE PUBLIC UTILITY DISTRICT
ASSESSMENT DISTRICT 1967-5
RESOLVED, by the Board of Directors of the South Tahoe Public
Utility Dlstrict~ E1 Dorado County, Califomnia, as follows:
1. The South Tahoe Public Utility District, herein called
"DistrIct," is a public utxlities district formed pursuant to the
provisions of the Public Uti!ity District Act (Division 7 of the
Public Utilities Code of the State of California).
2~ This Board proposes to issue on March 7, 1968, subdis-
trict bonds in the amount of ,611 53,
.!~50 . designated as follows:
"Improvement Bonds, South Tahoe Public Utmlity District, Assess-
ment District 1967-5". Such bonds are to be issued by District
under the Improvement Bond Act of 1915. The special assessment
dIstrict, ~hich is identified and referred to as "Assessment D~s-
trict 1967-5" i~ the proceedings being had by this Board with re-
spect thereto~ comprises less than the entire territory of
District.
3. Section 58753 of the District Securities InvestigatIon
Law of 1965 (Chapter 2.5, D~vision 1, Title 6 of the Government
Code of the State of Calmfornia), provides, in part, that the is-
suance of subdistrict bonds shall be subject to prior investig8-
tion, report and approval by the California District Securities
Commission, herein called "Commission," whenever all of the con-
dmtions set forth in subsections (a), (b) and (c) thereof are
present.
4. There are more than 500 registered voters residing
within the entire South Tahoe Public Utility District.
RESD LUTION NO. 1 0 2
5. The condition set forth in subsection (a) of Section
58?53 is not present,
6. This Board'hereby determines that the issuance of the
subdistrict bonds set forth in Section R hereof is not subject to
prior investigation, report and approval by Commission.
?. 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:
and Ex off~cio Secretary
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
lSth day of FEBRUARY .., 1968, by the following vote:
AYES, and in favor thereof, Directors:
NOES, Directors: NONE
ABSENT, Directors: NONE
Wakeman
Kortes
Fesler
Hegarty
Ream
Clerk and Ex-officio Secretary~
South Tahoe Public Utility Distri¢~
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