HomeMy WebLinkAboutResolution 1950 - 0039RESOLUTION OF TRE BOARD OF DIRECTORS OF COUNTY
SANITATION DISTRICT NO.7 OF TRE COUNTY OF ORANGE,
STATE OF CALIFORNIA,AUTHORIZING TRE ISSUANCE OF
DISTRICT BONDS IN THE SUM OF FOUR HUNDRED AND
EI&HTY-EIGHT THOUSAND (ksB,000.OO)DOLLARS.
September —,1950,
On motion of Director
_________________________,duly
seconded and carried,the following Resolution was adopted:
WHEREAS,in accordance with the provisions of the County
Sanitation District Act,now Chapter 3,Part 3,Division V of the
Health and Safety Code,Section 4700 to Section 4856,both in
clusive,the Board of Directors of County Sanitation District No.
7 of Orange County,created under said Act,did on the 26th day
of January,1949,by resolution,adopt the report required by
Section 4748 of said Act,of Vinton W,Bacon,Sanitation Engineer,
filed in the office of the Board of Directors on December 22,1948;
and
WHEREAS,on the 26th day of January,1949,said Board
of Directors of said District did adopt a resolution calling and
ordering a special election to be held in said District on the
28th day of February,1949,for the object and purpose of sub
mitting to the qualified electors of said District,the proposition
of incurring a bonded debt in the amount of k88,000,00 f or the
puOses stated in the said report of Vinton W.Bacon,which said
resolution also stated the estimated cost of the proposed work,
the amount of the principal of the indebtedness to be incurred
therefor,and the proportional part of such indebtedness to be
paid each and every year,and the rate of interest to be paid on
said.Indebtedness and in said resolution prescribed the manner of
holding said election and the manner of voting for or against
incurring such indebtedness;and
L
—1-.
-i;
RESOLUTION NO.~1
2
3
4
5
6
7
8
9
.~
13
14
15
16
17
18
19
20
21
S22
23
24
25
26
27
28
29
30
31
32
1
2
3
4
5
6
7
8
9
10
.~
13
14
15
16
17
18
19
20
21
•22
23
24
25
26
27
28
29
30
31
•32
WHEREAS,upon completion by the Board of Directors of
said District of the canvassing of the returns of said election,
the said.Board of Directors did,by resolution adopted on the 7th
day of I’Iarch,1949,find,determine and declare that at said.
election more than two—thirds of the total votes cast were in favor
of incurring such bonded indebtedness;and
WHEREAS,all steps necessary to be taken and acts ne—
cessary to be performed in accordance with the provisions of said.
Act and all conditions precedent to the issuance by said District
of bonds in the sum of 4k88,000.O0,which are prescribed by law
and have been fully complied with,
NOW,THEREFORE,IT IS HEREBY FOUND,DETERNI~D AND
ORDERED,by this Board of Directors of County Sanitation District
No,7 of Orange County:
1.That bonds of County Sanitation District No.7 of
Orange County in the sum of k88,000.OO shall be issued in
accordance with the provisions of said County Sanitation District
Act,as amended,for the objects and purposes set forth in the
said resolution calling said.special election.That said bonds
shall be four hundred eighty eight (488)in number.That all of
said bonds shall be of the denomination of 4~lOOO,OO arid shall be
numbered 1 to 488,inclusive;that said bonds shall be designated
and.known as “County Sanitation District No.7 of Orange County
Bonds,Series 1”,and shall be dated October 1,1950;and that the
maximum rate of interest to be paid on said bonds shall be three
percent (3%)per annum and shall after the first year be payable
semi—annually on the first day of April.and the first day of
October of each year,and for the first year shall be payable in
one installment at the end of said year;that the principal and.
interest of the said bonds shall be payable in lawful money of the
United States,at the office of the Treasurer of the County of
Orange in the City of Santa Aria,State of California.
L
-2—
1 2.That the bonds shall be numbered and mature as follows:
T}~UNITED STATES OF AMERICA,STATE OF CALIFORNIA
SERIES NO.1 *1,000.00
BOND OF COUNTY SANITATION DISTRICT NO.7
OF ORANGE COUNTY,STATE OF CALIFORNIA.
27 II
County Sanitation District No,7 of Orange County,California,a district created and.existing under and by virtue oftheCountySanitationDistrictAct,now Chapter 3,Part 3,Divis1o~V of the Health and Safety Code of the State of California,forvaluereceived,hereby acknowledges itself indebted and promises to
pay to the bearer hereof on the first day of Oôtober,l9_,at theOfficeoftheCountyTreasureroftheCountyofOrange,in the CityofSantaAria,State of California,the sum of one thousand dollarsinlawf~ul money of the United States,with interest thereon in likelawfulmoney,at the rate of
____
percent per annum,payable semi—
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
Bonds
Bonds
Bonds
Bonds
Bonds
Bonds
Bonds
Bonde
Bonds
Bonds
Bonds
Bonds
Bonds
Bonds
Borids
Bonds
Bonds
Bonds
Bonds
Bonds
Borid~
Bonds
Bonds
Bonds
Bonds
Bonds
Bonds
Bonds
Bonds
Bonds
Bonds
Bonds
Bonds
Bonds
Bonds
Bonds
Bonds
Nos.
Nos.
Nos.
Nos.
Nos.
Nos.
Nos,
Nos.
Nos.
Nos.
No&.
Nos,
Non,
Nos.
No6~
Nos,
Nos,
Nos,
Nos,
Nos,
Nog.
Nog.
Nos.
Nos.
Nog.
Non.
No5,
Nos.
Nos,
Noe.
Noe.
Nos,
Non,
Non.
Nos.
Nos.
No8.
1
14
27
40
53
66
79
92
105
118
131
144
157
170
183
196
209
222
235
248
261
274
287
300
313
326
339
352
365
378
391•to
405
419
433
447
461
475
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
13,inclusive,shall
26,inclusive,shall
39,inclusive,shall
52,inclusive,shall
65,inclusive,shall
78,inclusive,shall
91,inclusive,shall
104,inclusive,shall
117,inclusive,shall
130,inclusive,shall
143,inclusive,shall
156,inclusive,shall
169,inclusive,shall
182,inclusive,shall
195,inclusive,shall
208,inclusive,shall
221,inclusive,shall
234,inclusive,shall
247,inclusive,shall
260,inclusive,shall
273,inclusive,shall
286,inclusive,shall
299,inclusive,shall
312,inclusive,shall
325,inclusive,shall
338,inclusive,shall
351,inclusive,shall
364,inclusive,shall
377,inclusive,shall
390,inclusive,shall
404,inclusive,shall
418,inclusive,shall
432,inclusive,shall
446,inclusive,shall
460,inclusive,shall
474,inclusive,shall
488,inclusive,shall
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
be payable October
1,1951;
1,1952;
1,1953;
1,1954;
1,1955;
1,1956;
1,1957;
1,1958;
1,1959;
1,1960;
1,1961;
1,1962;
1,1963;
1,1964;
1,1965;
1,1966;
1,1967;
1,1968;
1,1969;
1,1970;
1,1971;
1,1972;
1,1973;
1,1974;
1,1975;
1,1976;
1,1977;
1,1978;
1,1979;
1,1980;
1,1981;
1,1982;
1,1983;
1,1984;
1,1985;
1,1986;
1,1987.
3.That said bonds shall be substantially in the fo11owin~
form:.
.
.
.
28
29
30
31
32
annually on the first day of April and the first day of October
of each and every year from and after the date hereof,except
that interest for the first year shall be payable in one install—
ment~at the end of said year at the said office of the County
Treasurer of the County of Orange,on presentation and surrender
of the interest coupons hereto attached,until this bond is fully
paid.
This bond is one of a series of four hundred eighty
eight bonds of like tenor and date,except as to maturity and
except that the interest rates thereof may differ,numbered res
pectively from 1 to 488,inclusive,amounting in the aggregate of
four hundred eighty eight thousand dollars.
This bond is issued by the Board of Directors of County
Sanitation District No.7 of Orange County,California,under the
authority conferred upon said Board by the provisions of said
County Sanitation District Act,andby virtue of a two—thirds
vote of the qualified voters of said district voting at an electior
duly called and held on the 28th day of February,1949,
IT IS HEREBY CERTIFIED,RECITED AND DECLARED,that said
election was duly called,duly held and duly conducted and the
notice thereof duly given and the returns thereof canvassed and
declared in accordance with all the provisions of law relating
thereto,and that all of the proceedings of the Board of Directors
of County Sanitation District No.7 of Orange County in the matter
of the issuance of this bond were regular and in strict accordance
with the provisions of said County Sanitation District Act and of
the Constitution of the State of California.It is further dé—
dared that the issue of bonds of which this bond Is one Is the
first issue of bonds of said County Sanitation District No.7.
17
This bond is in the form prescribed by resolution of the
Board of Directors of County Sanitation District No.7 of Orange
County adopted on September —,1950,and the money for the re
demption of this bond and the payment of interest thereon shall
be derived from an annual tax upon the real property in saId dis
trict and all of the said property in èaid district shall be and
remain liable to be taxed for such payments.
21
IN WITNESS WHEREOF,the said Board of Directors of Count~
Sanitation District No.7 has caused this bond to be signed by its
Chairman and countersigned by the Auditor of said district and the
seal ~‘said district to be affixed thereto,and the interest
coupons attached hereto to be signed by said Auditor by his engrave
or lithographed facsimile signature,this 1st day of October,1950.
Chairman of the Board of Directors
of County Sanitation District No,7
of Orange County.
Countersigned:
30
Auditor of the County of Orange and
31 ex—officlo Auditor of County Sanita—
tion District No,7 of Orange County.
32
1
2
3
4
5
6
7
8
9
10
.~
13
14
15
16.
.
18
19
20
22
23
24
25
26
27
28
29
(SEAL)
d
L
4.That coupons shall be attached to each of the said
488 bonds for the interest accruing thereon and that said interest
coupons of said bonds shall be numbered consecutively,shall be
signed by the Auditor of County Sanitation District No.7 of
Orange County by his engraved or lithographed signature and shall
be substantially in the following form:
ORANGE COUNTY SANITATION DISTRICT NO,7 No.
_______________
County Sanitation District No,7 of Orange County hereby
promises to pay to the bearer hereof on the 1st day of
____________
19_.,at the office of the County Treasurer of the County of
Orange,in the City of Santa Ana,State of California,the sum of
,
in lawful money of the United States,being the
_________________(annual or semiannual)interest then due on
Bond No.
______________
Series 1 of said District.
Auditor of the County of Orange and
ex—offieto Auditor of County Sanita
tion District No.7 of Orange County.
5,That the Chairman of the Board of Directors of said
County Sanitation District No,7 be,and he is hereby authorized
and directed to sign all said bonds and to affix thereto the seal
of said.district,and the Auditor of said district be,and he is
hereby authorized and directed to countersign said bonds,and to
sign by his engraved or lithographed signature the interest coupons
of said bonds,and that said bonds when so signed and countersigned
shall be delivered by said Auditor of said district to the
Treasurer of said County,and shall by said Treasurer bedelivered
to such persons in such amounts and such times as the Board of
Directors of County Sanitation District No,7 shall determine and
direct.
6.That the proceeds of the sale of said bonds shall be
placed in the Treasury of the County of Orange to the credit of
County Sanitation District No,7 of’Orange County,and all premiums
and accrued interest received shall be paid into the fund to be
used,for the payment of principal and interest on the bonds,and the
remainder of the proceeds of the sale shall be paid into the
—5-.
2~
3~
:~
6
8
9
10
11
12
13
14
15
16
i?
18
19
20
21
•22
23
24
25
26
27
28
29
30
31
32
.
L
.
1
2
3
4
5
6
7
8
9
10
ii
12
13
14
15
16.
17
18
19
20
21
•22
23
24
25
26
27
28
29
3O~
31
.32
construction fund of the district and shall be applied exclusively
to the objects and purposes mentioned in the resolution of said
Board of Directors of County Sanitation District No.7,adopted on
~anuary 26,1949,calling the special election at which said bonds
were voted.
7.That the Board of Directors shall annually,at
least fifteen (15)days before the first day of the month in which
the Board of Supervisors of Orange County is required,by law,to
levy the amount of taxes required by law for county purposes,
furnish to said Board of Supervisors,a written statement of the
amount necessary to pay the interest on said bonds for that year
and such portion of the principal thereof as is to become due
before the time for making the next general tax levy and the said
Board of Supervisors,in accordance with the duty imposed upon
them by the provisions of said.County Sanitation District Act,
shall annually at the time and in the manner of levying other
county taxes levy and cause to be collected,a tax upon the tax
able real property in said County Sanitation District No.7 of
Orange County,based upon the last equalized assessment roll of
said County,sufficient to pay the interest on said bonds for
that year and.such portion of the principal thereof as is to become
due before the time for making the next general tax levy.Said
tax shall be collected at the same time and in the same manner as
the general tax levy for county purposes and when collected,shall
be paid into the Treasury of said Orange County to the credit of
said.district and shall be used for the payment of the principal
and interest upon said bonds and f or no other purpose.The
principal and interest on said bonds shall be paid by the County
Treasurer of Orange County in the manner now or hereafter provided
by law for the payment of principal and.interest on the bonds of
said county.
AYES:
NOES:
ABSENT:
L
1 STATE OF CALIFORNIA
SB.
2 COUNTY OF OR.AN~E
3 I,ORA MAE MERRITT,Secretary of the Board of Directors
of County Sanitation District No.7 of Orange County,California,
~hereby certify that the above and foregoing Resolution was duly
6
and regularly adopted by the said Board at a ~meeting
thereof held on the
____
day of September,1950,
8
IN WITNESS V~BEREOF,I have hereunto set my hand this
9
day of September,1950.
-
~
1
Secretary of the Board of Directors
of County Sanitation District No.7
of 0range County,California
13
14
15
16
17
18
19
20
21
•22
23
24
25
26
27
28
29
30
31
32
—7..