HomeMy WebLinkAboutDistrict 07 Minutes 1951-12-26372
MINUTES OF REGULAR ~ETING
BOARD OF DIRECTORS
COUNTY SANITATION DISTRICT NO.7
December 26,1951 at ~:OO p.m.
Board of Supervisors’Room
Court House
Santa Ana,California
Chairman Finch called the joint meeting of the,Districts’
Boards to order at ~:2O p.m.
The roll was called and the Secretary reported a quorum of
the Board to be present.
Directors present:Vincent L.Humeston and
Courtney R.Chandler
Directors absent:Willis H.Warner.
Others ,present:Raymond R.Ribal,Chief Engineer and
General Manager
C.Arthur Nisson,Jr.Attorney
E.J.Marks
Harry Ashton
John Coiwell
Carl Thornton
Nat H.Neff
J.A.Woolley
K.J.Harrison
W.H.Goodrich
Ora Mae Merritt,Secretary
Minutes of Meeting A motion was made,d~i1y seconded and
~December 12.~carried,approving the minutes of the
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meeting held on December 12,1951,
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as mail3d out.
Report of the Chief Mr.Raymond R.Ribal,Chief Engineer
Engineer and General and General Manager read his report to
Manager the Directors.This report is on
file in the office of the Secretary.
At the request of Mr.Ribal,Mr.Nisson reported upon
legal work,and stated that the Coi:nty Counsel had requested
that District No.3 pass a resolution in the place of Reso
lution No.110-3,adopted on the 12th of December,as there
had been discovered what might be a flaw in the proceedings
in the matter of date contained in the resolution.
Mr.Nisson reported upon a procedure whereby the Districts
bonds would receive wider coverage on bids from eastern
buyers by the provision of a collection agency for principal
and interest payments in New York,San Francisco and
Los Angeles.Mr.Nisson introduced Mr.W.H.Goodriàh,Manager
of the Bond Department of the Bank of America in Los Angeles.
Mr.Goodrich recommended that the Districts adopt the procedure
as described by Mr.Nisson,and led a general discussion on
the advantages of this method of payment of bond principal
and interest,
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‘I
Amendment to The Board of Directors adopted
Sale of Bonds Resolution No.111+-7,amending
Resolution Resolution No.109-.7,This
Resolution is attached hereto and
made a part of these minutes.
Negotiation of a A motion was made,duly seconded
~ntract with the and carried by the Board of Direct
~~n~of America ors of County Sanitation Districts
Nos.2,3,5,6 and 7 that the Chief
Engineer and General Manager and the attorney for the
Districts be authorized and directed to negotiate a contract
with the Bank of America for the purpose of carrying out
the terms of the method of’payment,pursuant to Resolution
No,114-7.
Emp1o~ent of A motion was made,duly seconded and
Staff;and Fur carried by the Boards of Directors
chase of Office of 0~~i~y Sanitation Districts Nos.
r~Fnitue and
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2,3,5,6 and 7,authorizing the
Equ~p~ent Chief Engineer and General Manager
to:
1.Purchase office furniture of approximately $3,200.00
2.Purchase office equipment of approximately $1,600.00
3.Employ two stenographers at the rates of ~2O0.00 per month
and $246.00 per month,respectively.
Payment for After a review of services performed
Services to by the Joint Administrative Organ-
District No.8 ization for the benefit of County
Sanitation District No.~,in accord
ance with minute order under date of December 13,1950,a
motion was made by the Boards of Directors of County Sanitatiun
Districts Nos.2,3,5,6 and 7 that County Sanitation Distr
ict No.~be requested to continue the payment of ~p5O.OO
per month,plus the cost of’any special services rendered,
to the Joint Administrative Fund of County Sanitation Distr
icts Nos.1,2,3,5,6,7 and 11.
Adjournment Upon a motion made,duly seconded and
carried,the Chairman declared the
meeting adjourned at 9:20 p.m.
~Zi~s~X Ahm~4
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Chairman of the Board of Directors
of County Sanitation District No.7
ATTEST:of Orange County,California
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Secretary of the Boa~d of Directors
of County Sanitation District No.7
of Orange County,California
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~7 L~
RESOLUTION NO.114-7
A RESOLUTION OF THE BOARD OF DIRECTORS OF COUNTY
SANITATION DISTRICT NO.SEVEN OF THE COUNTY OF
ORANGE,STATE OF CALIFORNIA,AMENDING RESOLUTION
NO.109-7 DATED DECEMBER 12,1951
On motion of Director Courtney R.Chandler
,duly
seconded and carried,the following Resolution was adopted:
WHEREAS,information received from prospective municipal
bond buyers and experts in the field of municipal securities indi
cate that a change in the place of payment of the bonds of this Dis
trict is highly desirable and likely to obtain a wider range of
prospective bond purchases,and
WHEREAS,it appears that the best interests of the
District will be served by providing that the bonds of County
Sanitation District No.Seven__of Orange County,California,
may be paid at places other than at the office of the Treasurer
of Orange County,CalIfornia:
NOW,THEREFORE,IT IS HEREBY RESOLVED,DETERI”IINED AND
ORDERED by the Board of Directors of County Sanitation District
No.Seven of Orange County,as follows:
That Resolution No,109-7 entitled “A Resolution of
the Board of Directors of County Sanitation District No.Seven
of the County of Orange,State of California,Providing for the
Issuance of Bonds of Said Districts in the Amount of Four Hundred
Eighty—eight Dollars (),,
dated December 12,1951,is hereby amended in the following respects:
1.That at the end of paragraph 1 of Section 1 of said
Resolution after the work “California”,the period be changed to a
comma and the following clause be added:“or at the Main Office of
the Bank of America National Trust and Savings Association in the
City of Los Angeles,California,or the City of San Francisco,
California,or at any fiscal agent of said County Sanitation Dis
trict No.Seven in the City of New York,New York,at the option
of the holder.
2.That in Section 3 of said Resolution the first para
graph constituting the written form of bond be changed in the
following respects:That after the words “first day of August,
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37 5
19 ,“the words “at the office of the County Treasurer of the
County of Orange,in the City of Santa Ana,State of California”
be stricken and deleted from the form of said bond;and further
That commencing with the third line from the end of the
first paragraph t~ie phrase “at the said office ~f the County
Treasurer of the County of Orange”be stricken and deleted;and
further
That there be added to the end of the first paragraph of
said section constituting the form of said bond the following
sentence:“Both principal and interest of this bond are payable
at the office of the County Treasurer of said County in the City of
Santa Ana,California,or at the Main Office of the Bank of America
National Trust and Savings Association in the City of Los Angeles,
California,or the City of San Francisco,California,or at any
fiscal agent of said County Sanitation District No.
Seven
in the
City of New York,New York,at the option of the holder.
3.That in Section 4 of said Resolution the form of
coupon given therein be changed in the following respects:
That in the fifth typewritten line of the form of coupon the words
“State of”be striken and that there be added after the word
“California,”the following clause:“or at the Main Office of the
Bank of America National Trust and Savings Association in the City
of Los Angeles,California,or the City of San Francisco,California
or any fiscal agent of said County Sanitation District No.Seven
in the City of New York,New York,at the option of the holder,”
4.That Section 9 describing the form of notice inviting
bids be amended by changing the period after the word “County”
at the end of the fourth paragraph to a comma and adding thereafter
the following clause:“or at the Main Office of the Bank of America
National Trust and Savings Association in the City of Los Angeles,
California,or the City of San Francisco,California,or at any
fiscal agent of said County Sanitation District No.Seven_in the City
of New York,New York,at the option of the holder.
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1)
The foregoing resolution was introduced by Director Courtney
R.Chandler
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who moved its adoption.Said motion was seconded
by Director VincentL.Humeston__,and was car:ied by the following
vote:
AYES:Directors CourtneyR.Chandler and Vincent L.Humeston
NOES:None
ABSENT:Director Willis H.Warner
STATE OF CALIFORNIA)
ss
COUNTY OF ORANGE )
I,ORA MAE MERRITT,Secretary of the Board of Directors
of County Sanitation District No.Seven of Orange County,Californi~
Ihiereby certify that the above and foregoing Resolution was duly and
regularly adopted by the said Board at a regular meeting thereof
held on the 26th day of December,1951.
IN WITNESS WHEREOF,I have hereunto set my hand and seal
this 26th day of December,1951.
Secretary of the Board o Directors
of County Sanitation District No.Seven
of Orange County,California.
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