Ordinance No. 7 - Retired ORDINANCE NO, ~ ....
AN ORDINANCE FIXING TI~ AMOUNT OP MONEY
NECESSARY ~0 BE RAISED BY TAXATION
1951-195R
BE IT ENACTED by the Board of Directors of the South Tahoe
Public Utility District, E1 Dorado County, California, as follows~
1. It is hereby deter~tned that funds are needed to carry
out the obJecta and purposes of the District which cannot be pro-
vided for out of revenues and, therefore, a tax shall be a~d it
is hereby levied for the payment of the expenses of the government
of the District, including salaries, office expenses, and other
necessary disbursements thereof.
2. The amount of money necessary for said p~poses for ~he
fiscal year 1951-195~ I, dee~d ~o be $ /~ 2~~ .., and
said amoun~ 1~ hereby fixed as ~he a~
by ~axa~ion.
3, The rate of ta~tion for the purpose of ~aislng said
moneys I, hereby fixed ~t ~..~per $100.00 of aaaeesable pro-
perty in the District.
4. A ~er~lfied copy of thia ordlnanoe e~ll be delivered
to each, the Co~t~ A~itov and the Co~t~ Treas~ev of E1 Dorado
Co~t~.
I hereby certify t~t the fore~oinE ordinance wa~ passed
by the ~ard of DireCts of the South~ahoe public Utility District
at a meetln~ thereof held on the ~da~ of ~..~ ,
19~1, b~ the followin~ vote~
and in favor thereof,
A~,
NO~, Dlrec~or~
Dls~ric~
C1UrK and ex-orflcl~.-~cre~ or ~he'
Board of DiFeC~orff/
The Bosrd of Directors shall annually levy and collect
a tax upon all of the taxable property within said District
sufficient to pay the annual interest on the bonds of
this issue, and also to pay such part of the principal as
will fall due within the succeeding year, as may be neces-
sary to provide for the sinking fund payments of the next
succeeding year; provided, that when the interest and sink-
ing fund payments for any fiscal year on the bonds of
this issue can be met out of the surplus earnings of the
public utility and utility works for which it was issued,
or out of moneys in the general fund of the District and
theretofore ap~ropriated and transferred to the sinking
fund of such public utility and utility works, no tax
shall be levied for such purpose.
Bonds of this issue are declared by statute to have
the same force, value and use as bonds issued by a munici-
pality of this State.
IN WITNESS W~REOF, said South Tahoe Public Utility
District has caused this bond to be signed by'the Presi-
dent of the B~ard of Directors hereof and countersigned
by the Clerk, who has affixed thereto the seal of said
District, all on the ~ day of , 1951.
Countersigned:
President of the Board of
// / ,~, -' ~ / Directors of the South Tahoe
/ /~ ~ , . ~ ~,f~f,.~ P~blic Utility District
~nd e~~offl¢16.~ecr~£ /
tary of the Board o~ Directors
of said Dlstr~ct /
(S~L)
15. The interest coupons attached to each of said bonds and
evidencing interest to accrue thereon shall be numbered consecu-
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tlvely and be signed by the Treasurer by facsimile signature, and
said bonds and cou~ons shall be payable at the office of said
Treasurer, and said coupons shall be substantially in the follow-
ing form:
Coupon1 NO.
SOUTH TAHOE PUBLIC UTILITY DISTRICT
EL DORADO COUNTY, CALIFORNIA
Will Day to the bearer hereof, on the 1st day of
~-~y Tr aur~r ~oa i
said r u
District, said sum being the semi-annual interest
due on its bond No. --~ of Sewer Bonds of 1951.
Treasureg --
Except for the first coupon of each of said bonds, which shal
have the word "semi-.an~ual" omitted and shall have inserted after
the words "Bonds of ~95]." the following words: "from the date of
issue of said bond to July 1, 1952."
~6. The first maturity or redemption of the bonds to be
issued ;ursuant to sa~d Propcsition shall be and commence on July
1, 1953 and co~mencing with said date said bonds shall mature and
be redeemed in the consecutive order of their numbering, and on
July l~t of each consecutive year, $1,000 in each of the first
three years, $2,000, in each of the next three years, $3,000 in
each of the next four years, $4,000 in each of the next four years
$5,000 in each of the next four years, $6,000 in each of the next
four years, $7,000 in each of the next four years, $8,000 for each
of the next four years, $9,000 for each of the next four years,
$10,000 for each of the next four years, $12,000 for each of the
next four years.
17. Copies of this ordinance shall be posted by the Clerk at
three public places in said District. It shall also be published
twice in the
newspaper, of general circulation, printed and published in E1
Dorado County and circulated in said District, the~e being no dal2
or weekly newspaper of general circulation printed and published
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in said District. Said posting and publication shall commence
within three weeks after the date of the adoption hereof. No oth~
notice of said election need be given.
I hereby certify thet the foregoing ordinance was passed by
the Board of Directors of the South Tahoe Public Utility District
at a meeting thereof held on the ~--day of
1951, by the following vote:
AYES, and in favor thereof, Directors: Young, Crocker,
NOES, Directors: None
ABSENT, Dlrectors:~e~~
ATTEST:
"Pr~S-ide~t Of Sou-~'h ~ahoe Public
(-~ility District
~T~k a~d ex-officio ~d~reta~y
the Bi,ard of Dlrect?r~
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