Ordinance No. 50 - Retired u~DINANCE NO. -~'
~. ~,nD±~ANCE AWARDING SALE OF BONDS
FIRST SALE - $650,000
~iA~±TAHY SEWERAGE PROJECT NO. 1959-1
b~ Iq' I~ACIED by the Board of Directors of the South Tahoe
l~olic Utility District, E1 Dorado County, California, that
1. Pursuant to Resolution of Intention No. 146 adopted by
this Board on August 20, 1959, and its Resolution calling for
bids on the sale of bonds, notice of said sale has been duly give~
and this is the time and place fixed therein for receiving bids
for the purchase of said bonds, and said bids have been received
and publicly opened, examined and declared by .this Board.
2. All written bids received for the purchase of said
bonds, excepting the bid herein stated, be, and they are hereby,
rejected and said bonds be, and they are hereby, ordered sold to
ORANI~:& CO., INC., HOGEBUXLDING, ~_.,ATTL~4, WA.~HZNGTO~',
as the highest responsible bidder therefor, said ~ale to be sub-
jcct. to all of the terms and conditions set forth in the Notice
of Sale and in said accepted bid.
3. That the Clerk be, and he is hereby, directed to have
said bonds printed forthwith, and that the same be immediately
signed, sealed and delivered to said bidder on receipt of the
amount therefor as above stated, and upon the performance of the
conditions contained in said written offer.
4. That the interest rate of said bonds be, and the same
is hereby, fixed at the rate stated in said bid.
ATTEST:
Cler~"~"nd ~x-offlcio Secretary
Pre s i'de nt ,.~
I ~0y c~,~ ~ar~ the foregoing is a ful4 true and
~o~_~ copy o~ a~ 0xd~ance adopted by the Board of Directors
of t~e South T~oe Public Utllity District, E1 Dorado
Ca~ifo~ia, az a m~e~ing ~hereof duly held on the 14th day of
January, 1960, by the following vote:
AYES, and in favor thereof, Directors:
Goeringer, Pankoft, Wakeman, Wall, Gersick
NOES, Directors: None
ABSENT, Directors: None
~erk and e~fflclo ~ec~ta~