Resolution No. 1132RESOLUTION NO. 1132
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 1967-4A
ASSESSMENT DISTRICT 1967-4B
ASSESSMENT DISTRICT 1967-4C
ASSESSMENT DISTRICT 1967-4D
ASSESSMENT DISTRICT 1967-4E
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 and after August 15, 1968,
subdistrict bonds in the amounts and for the assessment districts
hereinafter set forth, to wit:
Assessment District 1967-4A
Assessment District 1967-4B
Assessment District 1967-4C
Assessment District 1967-4D
Assessment District 1967-4E
I542,532.64
592,585.00
503,480.00
493,854'.00
651,299o00
The bonds for Assessment District 1967-4A will be designated as
"Improvement Bonds, South Tahoe Public Utility District, Assessment
District 1967-4A," and the designations for the bonds for each of
the other subdistricts will be identical thereto except for the sub-
stitution of the appropriate letter following the number 4. The
amount of the bonds to be issued for each of said subdistricts may
be somewhat less than the amounts set forth by reason of cash pay-
ments made by the owners of property prior to issuance of the bonds.
Such bonds are to be issued by District under the Improvement Bond
Act of 1915, Each of the special assessment districts, which are
identified and referred to as "Assessment District 1967-4A,"
~k~sessment District 1967-dB," "Assessment District 1967-4C," Assess-
ment District 1967-4D," and "Assessment District 1967-4E" in the pro-
ceedings being conducted by this Board with respect thereto, comprise
less than the entire territory of District.
~. Section 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
subdistrict bonds shall be subject to prior investigation, report and
approval by the California District Securities Commission, herein
cali~d "Commission," whenever all of the conditions set forth in sub-
sec%ions (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 sub-
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.
Clerk and Ex-officio Secretary
- Pr%s ident
I hereby certify that the foregoing is a full, true and cor-
rect 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 26th
day of ~ULY , 1968, by the following vote:
AYES, and in favor thereof, Directors: xWER~~R~w~, Fesler
Hegarty, Ream
NOES, Directors: None
ABSENT, Directors: Wakeman andKortes /
Clerk and Ex-officio Secretary
South Tahoe Public Utility DistriCt~(
--2--