Ordinance No. 170 - RetiredWJML:RJH:gbb 7/9/68 8c
ORDINANCE NO. 170
AN ORDINANCE AWARDING SALE OF BONDS
SERIES C - $900,000
IMPROVEMENT DISTRICT NO. U-1
OF THE SOUTH TAHOE PUBLIC UTILITY DISTRICT
MEYERS AREA
BE IT ENACTED by the Board of Directors of the South Tahoe
Public Utility District, E1 Dorado County, California, that
1. Pursuant to its Resolution No. 1124 calling for bids on
the sale of $900,000 Series C Bonds for Improvement District No.
U-1 of the South Tahoe Public Utility District, adopted by this
Board on June 20, 1968, notice of said sale has been duly given,
and this is the time and place fixed by said Board for considering
bids for the purchase of said bonds, and said bids have been re-
ceived and publicly opened, examined and declared.
2. Ail 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
First California Company. 300 Montgomery
as the highest responsible bidder therefor, said sale to be sub-
ject to all of the terms and conditions set forth in the Official
Notice of Sale of said bonds 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 stated 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:
'~'ierk and Ek-offici6-Secretary
Pres ident
h Tahoe Public Utility District
I hereby certify thst the foregoing is s full, true snd
correct copy of an Ordinance 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 18th
July , 1968, by the following vote:
AYES, and in favor thereof, Directors:
Fesler, Wakeman, Hega~y~ Kortes, Ream
NOES, Directors: None
ABSENT, Directors: None
day of
Clerk and e×-officio Secretary