Resolution No. 1022WJML:RJH:gbb 2/12/68 12c
1022
RESOLUTION NO.
A RESO!UTION DETERMINING THAT THE ISSUANCE OF
SUBDiSTRICT BONDS IS NOT SUBJECT TO PRIOR
INI~STIGATION, REPORT AND APPROVAL BY
CALIFORNIA DISTRICT SECURITIES COMMISSION
SOUTH TAHOE PUBLIC UTILITY DISTRICT
ASSESSMENT DISTRICT 1967-1
RESOLVED, by the Board of Directors of the South Tahoe Public
Utility District, E1 Dorado County, California, as follows:
1. The South Tahoe Public Utility District, herein called
"District," is a public utilities district formed pursuant to the
provisions of the Public Utility District Act (Division 7 of the
Public Utilities Code of the State of California).
2. This Board proposes to issue on March 21, 1968, subdis-
trict bonds in the amount of $563,121.40, designated as follows:
"l~provement Bonds, South Tahoe Public Utility District, Assess-
ment District 1967-1". Such bonds are to be issued by District
under the Improvement Bond Act of 1915. The special assessment
district, which is identified and referred to as "Assessment Dis-
trict 1967-1" in the proceedings being had by this Board with re-
spect thereto, comprises less than the entire territory of
District.
3. Section 5875B of the District Securities Investigation
Law of 1965 (Chapter 2.5, Division 1, Title 6 of the Government
Code of the State of California), provides, in part, that the is-
suance of subdistrict bonds shall be subject to prior investiga-
tion, report and approval by the California District Securities
Commission, herein called "Commission," whenever all of the con-
ditions 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.
5. The condition set forth in subsection (a) of Section
58753 is not present.
6. This Board hereby determines that the issuance of the
subdistrict 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-officio 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
15th
day of
AYES, and in favor thereof, Directors:
1968, by the following vote:
Wakeman
Kortes
Fesler
Hegarty
Ream
NOES, Directors: None
ABSENT,
Directors:
None
Clerk and Ex-officio Secretary
South Tahoe Public Utility Distric~
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