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HomeMy WebLinkAboutResolution 1951 - 0109-1~~j: i(SOLIJT~ION NO JL~—l A RE~QLUTION OF THE BO,~RD OF DIRECTORS OF ~COTThTY S~NlTt~.TiON DIST~1CT NO.1 OF THE COiJNT~1 OF O~~,STh”E OF C~LIFO~NIh NOVIJINC Ft)~THk~I:.~Us~NCE OF B0~DS 0 S~ID DiSTRICTS 1~TFE hN)UNT :OF TWO MILLION •SIX WJ.D~ED ~ND ?ORTY-FOUR THOUS..iND DOLLARS (~2,64~,OOO) _______________ _____I On motion of Diractor WilLis IL.Warner ,duly oecot~ded and carried,the following Resolution was adopted: JHERE~aS,in accordance with z)’~provialon3 of the Couflty Sanitation District i~ct,n~Chapter 3,Part ~, •Division V of the Hanith and Saf~ty Code of the State of C.i1i~o1-r~ia,this Dx~rd,On Janu.~ry 26,1949.,adopted the report r~iquir~d by Scctiori ~+74~of said Rct,of Vintori W. B~c~n,Sanitation ~n~ine~r,filed in the office of thfs Board on D~i~nber 22,l96~~nd .VHE~EhS,on the 26th day of’January,.1949,this Board adopted a resolution calling and ordering a special ol.ctlonto be held in said District on February 28,.1949, -for tha obj.~ct and purpose of submitting to t~..qualXfied ~l-’ctoz s of said District the proposition of incurring a bag~’d debt in the a’~ount of ~2,644,OOO for the purposes ~stated in the said report of Virtton ~!.Bacon;and %HERE~S,.this Board,on ~I.~rch 7,1949,duly c~n.. vaseed the returns of said e1~ction,ai~d adopted its ‘roso— ~~‘~‘1ution finding and declaring that ateaid•~e1e~tion more than two-thirds of the total voteS’ca8twe~in:tavorof incurring such bonded indebtedness; NC1~1,THEREFORE,IT IS HEREBY RESOLVED,~T~RMINEI) AND ORDERED by the Board of Directore of County Sanitation District No.1 of Orange County,AS follows: r ~.- - - —1-.:: 4 S.. 4 S. That bonds of.County.Ssuitatton D~trictJo.~#~ -of Orange Cainty in the s~of $Z,644.000.00 shall b• issued ai~eold in accordrnice with the provisions of said County 5anlZ~tion District Act for the obj.ati*rØ purpose. set forth in~the said resolution cauinj 4(.poct*~~~ ~~“lectton.Said b~d.shall be t~o thosaand .i~bundr.4 and forty-four (2,644)in mx*ber,of tb.d.n~i tiC O*~ $1,000.00 each,n~bered 1 to 2,644 inc1iv~1dsipatid “Series 1”and dated August 1,1951.Mid bonds shall bear • .,interest at irate or rates to be herëaft~r fixed not to 4 exceed siz perven~~6~)per ennum,payable anflually for the first year and s.miamnaally th.rösf~er.The ‘principal and intereet of the said bonds shall be payable in 2aw~u.l money of the United States of america ~the offic.of the ~County Treasurer of the County of Orange in the~9tty ~d’ An.,California.~ ~2.That the bOnd.~h*11 ~and be -~~~~~coneecutiv.numerical order,$6~Q0O o~*r~ust~t ~~ of the years 1952 to 1959,inclusive,and $7O,000.csii August in each of the year.1960 to 19~9,inøluaiv•.,‘;~‘ • ..•-.-..--- -.r ~-‘- 3.That said bonds sh~11 be aubstintiaU.y In ~following torn • A e ‘4, 4 WIlTED STATES OF ___ STATE OF-C~ -~.•.-.~~- OFORANQECOIJE’! ~~~BOIID .-~-‘•I ~•~.i,~. -4••_ %~4) California-,-a-district created .nd~exi1 -:~ :yfrtuO’‘of the C~anty S~.initation Distri~%- -~-~-~?art-3,Division Tot the Health and I~,,-of California.~tor-yalUe receive iS tO:~47 ~ . rt.tIke~L ~m~oney .atth.rr.teof~.percent ~,annum,payable aer~iannuaI1y~on the first dey of .P’ebruary rand the first d~y of August of each afld.every year from and ~••~after the date hereof,except that interest fOr the first shall be payable in.one installment at the end of said ~year,at the said office;of.the County 7reasurer of the ~County of Oringe~on pre8entatiOn and ~irrender of the in terest coupons hereto attached,until this bond is fully paid. •:. This bond is one of aseriee of two thousand sixhundre e~ ~forty-four bonds ‘of like tenor arid date~except as ur ty and except that the intere~rates•thereof may differ,numbered ~respectively from 1.to 2,644 inclusive ~amounting ~n the •aggregate of two million six hundred foaty-four thousand dollars. This bond is issued by the Bc*rd of DireCtors of County 1.:Sanitation District No.1 of Ordnge County,Califo~ia, under the authority ~onferred upon said Board by the pro— visions of said County Sanitatioi.District Act,and by virtue ~of a two-thirds vote of th~qualified vo~rs of said District •Y:~.voting at an election duly called and held ôn the 28th day ~._of February,1949. IT IS HEREBY CERTIFIEP,RECITED AND DEC~LA8ZD thet ~~.said election was duly called,duly he1~and duly conducted. end the notice thereof.duly given and the re~arr1t thereof ~-c~nvaased and declared in accordance with 411 the provisions law relating thereto,and that All of the proceeding.of ~~the Board of Directors of County Sanitation District No.1 ~of Orange County in th~matter of the issuance of this bond •-~werq 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 declared that the ~issue of bonds of which.this.bond is one~a the.fir.t.4eeue bonde of Mid Cour~ty Sanit~*tion Piatric~ This bond ii inthe tons prescribed:by:re~é,lutióflY ~of the Board of.Directors of County Sanitation District No.1 ~of Orange County and the money for the redemption of this bond and the payment of intr~rest thereon ehallbe derived ~from an annual tax upon the real property in said district and all of the said property in said district shall be and remain liable to be t3xed for a~ich payments.•• ~IN WIT~SS WHER~?the said Board of•Direct~e of: ~.County Sanitation Dtstr~et No.1 has cauáed thi.bond to be signed by its Chairman and.countersignedby the Auditor of said District by his facsimile signature,:and the sea].of said District to be aVfixod thereto,and the Intereatcoupone attached hereto to be signed~by said AuditOr by his facsimile signature,this first day.of August,1951... Chairman Of the Board of Directors of County Sanitation District No.1 of ~SEAL)..• .OrangeCounty. Countorsigned: ~ Auditor of tho County of ~mn~e azid ex-officio Auditor of County Sanita tion District No.3.of Orar~e County . •.•.,. • •~•-•~•~~. +~.•-.•.I f~~•~.~ (L ~~~p, -.~~‘.,~...• 4~4~ p N I —~~ ~.4.That coupons shall be attach d to eaóh ~o~C tbS. said bonds for the interest accruing thereon,And.that ‘said interest coupons of said bonds shall be.numbered consecutively, and shall be substantially in the following fo~: NO.________‘,‘• _______ On the 1st day of’ . 19 County Sanitation District No.1 of Orange ~ounty,California, will pay ta the bearer hereof,at the office of the County Treasurer of the County of’Or~nge,in the City of Santa Ana, State of California,the sum of ~___________in lawful money of the United States of America,being the ______________ (annual or semiannual)inter’est then due on Bond No. ________ Series l,of said District,dated August 1,1951.. Auçuitor of~the County of Orange a~d ex-officio Auditor of County ~ani tation District Nd.1 of Orange County 5.Th.~tt the Chairman of the Board of.Pireotors of. said County Sanitation District Nb~1 be,and he.i.hereby authorized and directed to aign all said bonds and to ~fZix thereto the seal of said district board,and the Auditor of said district be,and he is hereby Muthorised and directed to countersi~i said bonds and toei~the interest coupon8 of said bonds,and that said countersignature and 5ignature of the Auditcr may be signed by hja printed,engraved or litho grdphed signature,andthat said bonds when so eignedand, countereigned shall be ~1e1ivered.by said AuditOr of.~&id die trict to the Treasurer of..sai~’County,•.and shall,by slid Treasurer be delivered to such persons iniuch wnounts and such times.as the Board of Directârs of County Snitation District No..1 shall determine and direct.. . .Y 6e That the proceeds of the.aaL~cd’said bonde.ehafl be placed in the Treaeury otthe Coui1tyo~Orange to the credit of County:Sanitation DiatricVNó.1.of’Orar~s County, and all premiums and accrued Interest received aha1.1 be paid into the fund t~be used for the payment of principal and intere’ •........ ..—, 1~ ~I ~ -. i~-~&~~ • -- I ¶~ahal1be paid in~o the coitetructi and, axcept as otherwise p~ovidsdor ~s ap plied exclusively to the objects a ~n the resolution of asia Board of Director.of Cc 1 District No.1,ado~ed on January 26.11 •: I•~,. - special election *t which said bonds *.~ ~-~ 7.That the Board.of Directora’of e~-~ 7 ~~ shall annually,at least fifteen (15)daya bsf~.th.first day of the month 1in which the Board o~Supervi.oro of ~Orange County is required,by l~aW,to levy the amount of ta’ws required by law for Oounty purposes,furnish to .~id Board of ~upsrviaors a written atateme~t of the smoux~t n.cess~ry to pay thi Interest r ~on said bonds for that year and -.L~ieipa~ thereof as is to bscoG~~~&e befori ~~ ~general tax levy,and the aaBoir~.~~~accoranc? . .. . .•.-~...-•-r~•~~-. - ~-.with th.duty imposed-upon them b 14COUD’ Sanitation District Act ~ehal~An ~in the manner of 1*vyiflg 0th.?county tàx~i be co3~-~* lected,a tax upoi~the t4~a~te real *iflty Sanitation District No.1.of Or~ngs C~~n the 1ast’eqa1ise4’iuóa$rne~.~b11ot.uidA~~~to- ~-~-~3 pay the interest’Øn said bOnds f~;i !~,-.‘-j.-••,•~_•~.--f. of.tk.p . c11 cte~ .p~id 1~ I. r ~, ~~, _~.__,1952.. ‘.That the.Secretary of this Boerd sha1~.cause a inviting bids for saii C2,644,000 bonds to be pub a ch~d once in th~Sai1~a ~~~er •~~otic~shall be ir~words and figures as follows: NOTICE INVITING BIDS FOR.~2,644,OOO BONDS OF COUNTY S~IT~.TIO~DISTRICT NO.1 OF • V OGE COUNTY,C~I~1OhNI~. • I NCICE IS HEREBY GI7EN that sealed proposals foe’ the purchase of $2,644,000 par-.va-lue principal am~nt of bo~.d~~f County Sanitation District No.1 of Orange C~anty, Cai~fcrnia,wilibe receiycd by the Board of Directors of u~t!i1 :1i~trict at the office 01 the.Secretary of said Board in ch~Or nga County Court f~ouse,Room 205,Santa Ana, V Cn~.i~cr!.ia up to the hour bi’~:bO o’clock P.M.on V 23 $1952..V V V Said bonds were authorized at-an election held in Vs~:j1 0ia~Vrict on Febrt~ry 28.,1949 and constitute the .~~fir~t i~ue of’bonds said d1~tric.t,Said district ia org~u;ized undor and saidbonds are to be iasue’dpurauant-to th~provisions of the County S~tn1tatioz~’Dietrict.Actj Chapter 3,Part 3,Division V of the Health and Safety Code of the ~t-~e of California. V V V •~Said bonds consist of V6V 1 to ~V V 2/~41÷,inc1u~ive,ofthe denomination of 11000 each,to be datc’d august 1,1951,to be ~a~ab1i~-in.consecutiya nt~erica1 V ~~‘68.OO0 on AUgU8t 1 In each fth~ye&r 1952 to 19~9V -~•L~t~~, — ~V~V~ ~~V•~ ( - •V•• - -•V~ V inte-r.-st on the bonds of said county. .. ~.That sealed proposals for the ~urchase of-V seid ç2,644,000 of bonds shall be received byt~ie Board V at th~a office of the Secretary of this Board in .the Orange County Court House,Room 205,Santa Ana,California,up to the hour of 8~OO o’~1ock P.11.on ~• • r inclucive,and *70,000 on August l~in each tbi years.~.: 1960 to 19d9,inclusive,and to bear interest at $rate or rates not to exceed six percent (6%.)per annum,payable annually the first year and semiannually th.ereaff.er~Said bonds and the interest thereon arö payable in lawful money of the United Staten of AmerLca at th.e office of the Treasurer of said County.V •. Said bonds will be sold for.’cash only arid for n~ lean than par and accrued ~ntere~t to the data of delivery. Each bid a~ust State that the bid~ôr .offére par.and adcruad in- •tert~st to the date.of delivery,and stat~e.3opara.tely the premiums if any,offered for said bonds,and the rate.or rates of interc~. •not exceeding 6%per annum,said bonda shall bear4 which rate ~or rates shall be a multiple of one-qudrter.of one percent, •Each bid shall be.ta the entire owtbf sa~.d bonde. to exceed three rates of interest rn*y be bid,bi.~no single bond shall bear more th~n one r~teóf interest.V Bids will be canparedon the:basfe.ot n.;intdi’estl cost,which shall be deteriined by comptiting the total amount of interest which the district would he required to p~y froi~ ~~the date of the bonds to the respective maturity dateS there— • V • - ~of at the rate or rates specified in the bid and by deducting ~therefrom any premium bid ~1V~V••VV . .VVV .V .:‘.The opinion .of O’Melver.y&Myara,Los Angeles, California,approving tho v-ali.dity of said bonds,will be furnisned the successful btdder without coat to the bidder. a certified or cashier’s CheCk.for~sum ‘~at~jsisthán -. - a percent (3%)of the par value of said bonds,pey. to the order of the Treasurer ot Oranga County,must acc~mpany each bid as a guaranty that the biddet’,it success- will accept and p~y fc~r said bonds tn ictordsncewjth V. V ~~•V V~•V . -.,.~• . V V ~Lothisbid.V Tho Vpreceed5 of the chSck’ààcompan ~id shall be app~.tedon th.purcbu.prt~s;or ,~-a,w,.~ V....—,~ bid is accepted but not performe~shalt be reta~ned by the County Treasurer for the benefit of the district, less such failure of performance is caueed by any a~t~or~ omission of said county,said district,.,~an officer of ~ either of them.Checks.accompanying unaçceptedbida..wtll be.~ returned promptly.. At any time before the bonds are tçndered tm do. livery,the successful bidder may disaffirm and withdraw the proposal if the interest received by private hoXdére fru~ bonds of the same type and character shall be declared to be taxable income under present federal incometax laws,either by a ruling of the Bureau of Internal Revenue or by a decision of any f~3d~ral court,or shall be ieclared taxable ~y the terms of any federal incoi~e tax law enacted subsequcr~to the :~date of this notice. ,~.‘;;~Thiè sale of bonds has •be~n approved by.the.Jestern Investment Banking Voluntary Credit ~eatrai~t Committee, ~At the time of payment for the deliVery of said %oncis,the successful biddar will be furnisbed with a cirtifi ;~~~cate that there is no litigation pending affecting ths. ‘U.~•. ~,~validity or the bonde. Said bonds will be delivered at the office of the County Treasurer of said County.:~ The Board of Dtrector~reserves the right to reject ~‘any and all bids or to waive any irregularity or in~ormality inanybid. The bids will be opened at ths e.eting o~sai4 Board of ~~Dirt*ctors to be held January ~..~~t ~00 P.M ,at the meting place of said Boar4 in the Orange County Court House. By order of the Board of Dfrector;~f County Sauttation District Plo.1 of ~‘angeCounty,Calitornia, -~.......1’-. -‘s.. -8.. -.-;-‘~~~ ~~~‘4’ ~~. ~- T- ~— ~_._•‘4~-, •Secre~ryoithe’~oardcf~:~ ofCouñt~Sañitation Dist.~i~~i. of Orange County,Calii:onvia 10.That all prior resolutions arid orders providing f or the issudncO of &4d bonds,inc1udiz~the Resolution adopted by this Board on May 25,1949,b~,and the aanie dIC hereby rescinded and repealed.’ t~YES Directors Willis }L Warner and ‘Courtney R0 Ch~t~ NOES None ~i33~NT:Director J.L.McBride I STATE OF CaL1F~NIA 86. COUNTY OF ORi~NGE I,ORA MAE MEItRXTT,secretar7 of of Directors of County Sanitation Dietri~t No.*,1~of Orange County,Calif orhia,bezeby certify thi~the above end foro~ going Resolution was duly and regularly adopted by tho ~ Board at a regular meet4ng thereof held on t}~e 12th ~j o Jecerrber ,1952,and passed bya unanimQus ~c.. of said Board. IN WITNESS WHEREOF,I kiave hereunto Bet my hand thIs 12th day of Dseombel’, i~ ~ecretary of the Boa rd ot ,ation District ~I )ljflty’1 Califory~:L~ I adopt.ed D~c~mber 12:~1951. • :~ I •.,• RESOLUTION NO.109-1 A RESOLUTION OF THE BOaRD OF DIRECTORS OF COUNTY SANITATION DISTRICT NO.1 OF THE COUNTY OF ORANGE,STATE OF CaLIFO3.NIA, PROVIDING FOR THE ISSUANCE OF BONDS OF SAID DISTRICTS IN T}~AMOUNT OF TWO MILLION SIX HU~’DRED AND FORTY-.FOUR THOUS~tND DOLLARS (~2 ,644,000) _________ 12 1951 On motion of Director Willis H.Warner ,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 of the State of California,this Board,on January 26,1949k adopted the report required by Section 4748 of said Act,of Vinton W. Bacon,Sanitation Enginear,filed in the office of this Board on December 22,1948;and WHEREAS,on the 26th day of January,1949,this Board adopted a resolution calling and ordering a special elaction to be held in said District on February 28,1949, for the object and purpose of submitting to the qualified electors of said District the proposition of incurring a bm~debt in the ar’iount of ~2,644,OOO for the purposes stated in the said report of Vinton .Bacon;and WHEREAS,this Board,on March 7,1949,duly can vassed the returns of said election,and adopted its reso— lution finding and declaring that at said election more than two—thirds of the total votes cast were in favor of incurring such bonded indebtedness; N~,THEREFORE,IT IS HEREBY RESOLVED,DETERMINED AND ORDERED by the Board of Directors of County Sanitation District No.1 of Orange County,As follows: -1- 1.That bonds of County Sanitation District No.1 of Orange County in the sum of $2,644,000.00 shall be issued and sold in accordance with the provisions of said County Sanitation District Act for the objects and purposes set forth in the said resolution calling said special election.Said bonds shall be two thousand six hundred and forty-four (2,644)in number,of the denomination of ~l,000.00 each,numbered 1 to 2,644 inclusive,designated ~‘Series 1”and dated August 1,1951.Said bonds shall bear interest at a rate or rates to be hereafter fixed not to exceed six percent (6%)per annum,payable annually for the first year and semiannually thereafter.The principal and interest of the said bonds shall be payable in lawful riloney of the United States of America at the office of the County Treasurer of the County of Orange in the City of Santa Ana,California. 2.That the bonds shall matt~’e and be payable in consecutive numerical order,$6d,000 on August 1 in each of the years 1952 to 1959,inclusive,and $70,000 on August 1 in each of the years 1960 to 19d9,inclusive. 3.That said bonds shall be substantially in the following form: UNITED STATES OF ANERICA STATE OF CALIFOhNIA COUNTY SANITATION DISTRICT NO.1 OF ORANGE COUNTY BOND SERIES NO.1 NO. _______ $1000 County’Sanltation District No.1 of Orange County, California,a district created and existing under and by virtue of the County Sanitation District Act,now Chapter 3, Part 3,Division V of the Health and Safety Code of the State of California,for value received,hereby acknowledges itself indebted and promises to pay to the bearer hereof on the first day of August,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 one thousand dollars in lawful money of the United States of America,with interest —2— thereon in like lawful money,at the rate of _______percent per annum,payable semiannually on the first day of February and the first day of August of each and every year from and after the date hereof,except that interest for the first year shall be payable in one installment 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 in terest coupons hereto attached,until this bond is fully paid. This bond is one of a series of two thousand six hundred forty-four bonds of like tenor and date,except as t maturity and except that the thterest rates thereof may differ,numbered respectively from 1 to 2,646 inclusive,amounting in the aggregate of two million six hundred forty-four thousand dollars. This bond is issued by the Board of Directors of County Sanitation District No.1 of Ordnge County,California, under the authority conferred upon said Board by the pro visions of said County Sanitation District Act,and by virtue of a two-thirds vote of the qualified voters of said District voting at an election duly called and held on the 2dth 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 c~mvassed and declared in accordanc~with ~ill the provisions of law relating thereto,and that all of the proceedings of the Board of Directors of County Sanitatibn District No.1 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 declared that the is~ue of bonds of which this bond is one is the first issue of bonds of said County .~anitation District No.1. This bond is in the fonn prescribed by reso1ui~ion of the Board of Directors of County Sanitation District No.1 of Orange County and the money for the redemption of this bond and the payment of interest thereon shall be derived from an annual tax upon the real property in said district atid all of the said property in said district shall be and remain liable to be taxed for such payments. IN WITNESS WHEREOF,the said Board of Directors of County Sanitation District No.1 has caused this bond to be signed by its Chairman and countersigned by the Auditor of said District by his facsimile signature,and the seal of said District to be affixed thereto,and the interest coupons attached hereto to be signed by said Auditor by his facsimile signature,this first day of August,1951. Chairman of the Board of Directors of County Sanitation District No.1 of Orange County. (SEAL)N Couritersigned: Auditor of the County of Oran~e and ex-officio Auditor of County Sanita tion District No.1 of Orange County —3— 4.That coupons shall be attached to each of the said bonds for the interest accruing thereon and that said interest coupons of said bonds shall be numbered consecutively, and shall be substantially in the following form: NO.___________ On the 1st day of ____________,19 ,County Sanitation District No.1 of Orange County,California, will pay to the bearer hereof,at the office of the County Treasurer of the County of Or~~nge,in the City of Santa Ana, State of California,the sum of ~____________, in lawful money of the United States of America,being the _____________ (annual or semiannual)interest then due on Bond No. Series 1,of said District,dated August 1,1951. Auditor of the County of Orange ai~ ex-officio Auditor of County ~ani tation District No.1 of Orange County 5.That the Chairman of the Board of Directors of said County Sanitation District No.1 be,and he is hereby authorized and directed to sign all said bonds and to affix thereto the seal of said district board,and the Auditor of said district be,and he is hereby authorized and directed to countersign said bonds and to sign the interest coupons of said bonds,and that said countersignature and signature of the Auditor may be signed by his printed,engraved or litho— graphed signature,and that said bonds when so signed and countersigned shall be delivered by said Auditor of said dis trict to the Treasurer of said County,and shall by said Treasurer be delivered to such persons in such amounts and such times as the Board of Directors of County Sanitation District No.1 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.1 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 intere . on the bonds,and the remainder of the proceeds of the sale shall be paid into the construction fund of the district and, except as otherwise provided or permitted by law,shall be ap plied exclusively to the objects and purposes mentioned in the resolution of said Board of Directors of County Sanitation District No.1,adopted on January 26,1949,c~l1ing the special election at which said bonds were authorized. 7.That the Board of Directors of said district shall annually,at least fifteen (15)days before the first day of the month in which the Board of Supervisors of Or~nge 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 accordanc~ with the duty imposed upon them by the provisions of said Count Sanitation District i~ct,shall annually at the time and in the manner of levying other county taxes levy and cause to be col lected,a tax upon the taxable real property in said County Sanitation District No.I of Or~n~e County,bsed 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 on said bonds and for 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 —5— interest on the bonds of said county. 8.That sealed proposals for the purchase of said ~2,644,OOO of bonds shall be received by this Board at the office of the Secretary of this Board in the Orange County Court House,Room 205,Santa Ana,California,up to the hour of 8:00 o’clock P.M.on January 23 ,1952.. 9.That the Secretary of this Board shall cause a notice inviting bids for said ~2,644,OOO bonds to be published once in the Santa Ana Register Said notice shall be in words and figures as follows: NOTICE INVITING BIDS FOR ~2,6I+!÷,OOO BONDS OF COUNTY SANITATION DISTRICT WO.1 OF OFu~NGE COUNTY,C~.LIFORNIA NOTICE IS HEREBY GIVEN that sealed proposals for the purchase of ~2,644,OOO par value principal amount of bonds of County Sanitation District No.1 of Orange County, California,will be received by the Board of Directors of said district at the office of the Secretary of said Board in the Ornge County Court House,Room 205,Santa Ana, California up to the hour of 8:00 o’clock P.M.on January 23 ,1952. Said bonds were authorized at an election held in said district on February 28,1949,and constitute the first issue of bonds of said district.Said district is organized under and said bonds are to be issued pursuant to the provisions of the County Sanitation District Act,Chapter 3,Part 3,Division V of the Health and Safety Code of the ~of California. Said bonds consist of 2,644 bonds,numbered 1 to 2?f~44.,inclusive,of the denomination of ~l000 each,to be dat.ed August 1,1951,to be payable in consecutive numerical or~r,~68.00O on August 1 in each of the years 1952 to 1959 S . -6- inclusive,and ~70,000 on August 1 in each of the years 1960 to 19~9,inclusive,and to bear interest at a rate or rates not to exceed six percent (6%)per annum,payable annually the first year and sermiannually thereafter.said bonds and the interest thereon are payable in lawful money of the United States of America at the office of the Treasurer of said County. Said bonds will be sold for cash only and for not less than par and accrued interest to the date of delivery. Each bid must state that the bidder offers par and accrued in terest to the date of delivery,and state separately the premium. if any,offered for said bonds,and the rate or rates of interest. not exceeding 6%per annum,said ponds shall bear,which rate or rates shall be a multiple of one—quarter of one percent. Each bid shall be f~’the entire amount of said bonds. Not to exceed three rates of interest may be bid,but no single bond shall bear more than one rate of interest. Bids will be compared on the basis of net interest cost,which shall be d.eter~riined by computing the total amount of interest which the district would he required to pay from the date of the bonds to the respective maturity dates there of at the rate or rates specified in the bid and by deducting therefrom any premium bid. The opinion of OMelveny &Myers,Los Angeles, California,approving the validity of said bonds,will be furnished the successful bidder without cost to the bidder. A certified or cashier’s check for ci sum not less than three percent (3%)of the par va].ue of said bonds,pay able to the order of the Treasurer of Orange County,must accompany each bid as a guaranty that the bidder,if success f111 will accept and pay for said bonds ~n accordance with the t.er~ns of his bid.The proceeds of the check accompanying the accepted bid shall be applied on the purchase price,or -7- if such bid is accepted but not performed,shall be retained by the County Treasurer for the benefit of the district,un less such failure of performance is caused by any act or omission of said county,said district,or an officer of either of them.Checks accompanying unaccepted bids will be returned promptly. At any time before the bonds are tendered for de livery,the successful bidder may disaffirm and withdraw the proposal if the interest received by private holders from bonds of the same type and character shall be declared to be taxable income under present federal income tax laws,either by a ruling of the Bureau of Internal Revenue or by a decision of any federal court,or shall be declared taxable by the terms of any federal income tax law enacted subsequent to the date of this notice. This sale of bonds has been approved by the ~‘estern Investment Banking Voluntary Credit Restraint Committee. At the time of payment for the delivery of said bonds,the successful bidder will be furnished with a certifi cate that there is no litigation pending affecting the validity of the bonds. Said bonds will be delivered at the office of the County Treasurer of said County. The Board of Directors reserves the right to reject any and all bids or to waive any irregularity or informality in any bid. The bids will be opened at the meeting of said Board of Directors to be held January 23 ,1952,at ~:OO P.M.,at the meeting place of said Board in the Orange County Court House. By order of the Board of Directors of County Sanitation District No.1 of Orange County,California, — adopted December ________ 1951. ~ Secretary of the Board’of Directors of County Sanitation District No.1 of Orange County,California 10.That all prior resolutions and orders providing for the issuance of said bonds,including the Resolution adopted by this Board on May 25,1949,be,and the same are hereby rescinded and repealed. AYES:Directors Willis H.Warner and Courtney R.Chandler NOES:None ABSENT:Director J.L.McBride STATE OF CALIFORNIA) ss. COUNTY OF ORANGE ) I,ORA MAE MERRITT,Secretary of the Board of Directors of County Sanitation District No.1 of Orange County,California,hereby certify that the above and fore going Pesolution was duly and regularly adopted by the said Board at a regular meeting thereof held on the 12th day of December ,1952,and passed by a unanimous vote of said Board. IN ~~IThJF~5S WHEREOF,I have hereunto set my hand this 12th day of December ,1952. ~~~ Sec’r~et.iry of the Boa,fd of’Directors~ County Sanitation District No.1 of Orange County,California • ~ 12 -9— RESOLUTIOI NO..109-2 A RESOLUTION OF T1-~BOARD OF DIRECTOnS OF COUNTY SANITATION DISTRICT NO.2 OF THE COUNTY OF ORANGE,STATE OF CALIFORNIA, PROVIDING FOR THE ISSUANCH OF BONDS OF SAID DISTRICT ~N THE A~OUNT OF ONE iILLION SIX HUNDRED AND FORTY-FOUR THOUSAND DOLLARS 544 , ooo.00 ) 12 ,19 51 On motion of Director Willis H.Warner ,duly seconded and carried,the following Resolution was adopted: WH~EAS,in accordance with the ~rovisions of the County Sanitation District Act,now Chapter 3,Part 3,Division V of the Health and Safety Code of the State of California, t1~js Board,on January 25,1949,adopted the report re quired by Section 4748 of said Act,of Vinton W.Bacon, Sanitation En~ineea’,filed in the office of this Board on December 22,1948;and WHEREAS,on the 26th day of January,1949,this Boerd adopted a resolution calling and ordering a special election to be held in said District on February 28,1949, for the object and purpose of submitting to the qualified electors of said District the proposition of incurring a bonded debt in the amount of ~1,644,O0O.0O for the purposes stated in the said report of Vinton W.Bacon;and WHEREAS,this Board,on Haroh 7,1949,duly can— vas~ed the returns of said election,and adopted its reso lution finding and declaring that at said election more than two—thirds of the ~tal votes cast were in favor of incurring such bonded indebtedness; NOW,THEREFORE,IT IS HEREBY RESOLVED,DETERiIINED AND ORDERED by the Board of Directors of County Sanitation District No,2 of Orange County as follows: 1.That bonds of Cou.nty Sani.tation.Distriot No.2 of Orange County in the sum of ,~1,644,OOO.OO shall be issued and sold in accordance with the ~rovisions of said County Sanitation District Act for the objects and purposes set forth in the said resolution calling said special election.Said,bonds shall be one thousand six hundred and forty—four (l,5~4)in number,of the denomination of ~l,OOO.OO each,numbered 1 to 1,644 inclusive,d ~signated ~Series 1” and dated August 1,1951.Said bonds shall bear interest at a rate or rates to be hereafter fi::ed not to exceed six ~er— cent (6~)per annun,payable annually for the first year and. semiannually thereafter.The principal and interest of the said bonds shall be payable in lawful money of the United. States of America at the Office of the County Treasurer of the County of Orange in the City of Santa Ana,State of Cal ifornj,a. 2.That the bonds shall mature and.be payable in consecutive numerical order,~42,OOO on August 1 in each of the years 1952 to 1958,inclusive,and.$45,000 on Auaust lin each of the years 1959 to l98~,inclusive. 3.That said bonas shall be substantially in the following form: UNITED STATES OF A~ICA STATE OF CALIFORNIA COUNTY SANITATION DISTRICT NO.2 OF ORANGE COUNTY 3OND SERIES NO.1 NO.______ County Sanitation District No,2 of Orange County, CalIfornia a district created.and existing under and.by virtue of the County Sanitation District Act,now Chapter 3, Part 3,Division V of the ~ealth and.Safety Code of the State of California,for value received,hereby acknowledges ItselT indebted and promises to pay to the,bearer hereof on the first day of August,19 , at the office of the County Treasurer of the County of Orange,in the City of Santa ~na, State of California,the sum of one ‘thousand dollars in lawful money of the United States of America,with interest _0~~ thereon in like lawful money,at the rate of _____ percent per annum,payable semiannually on the first day of February and the first day of August of each and every year from and after the date hereof,except that interest for the first year shall be payable in one installment at the end of said year,at the said offibe of the County:Treasurer of the ~County of Orange,on presentation and surrender of the in— .~terest coupons hereto attached,until this bond is fully paid. This bond is one of a series of one thousand six hundred ?and fort:four—bonds of like tenor and date,except as to ~f~E~FT1_and except that the interest rates triereof may differ, c3 numbered respectively from 1 to 1,64:4,inclusive,amounting in the aggregate of one million six hundred forty—four thousand dollars. This bond is issued by the Board of Directors of Oounty Sanitation District No.2 of Orange County,California, under the authority conferred upon said Board by the pro visions of said County Sanitation District Act,and by virtue of a two—thirds vote of the ciualified voters of said District voting at an election duly called.and held on the 28th day of February,1949. IT IS HEREBY CERTIFIED,RECITED AND DECLARED that said election was dul~r called,duly held and duly conducted and the notice thereof duly r~iven and the returns thereof canvassed and declared in accordance with all the provisichs of law relating thereto,and that all of the proceedings of the Board of Directors of County Sanitation District No.2 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 declared that the issue of bends of which this bond is one is the first issue of bonds of äaid County Sanitation District No.2. This bond is in the form prescribed by resolution of the Board of Directors of County Sanitation District No. 2 of Orange County and the money for the redenption of this bond and the payment of interest thereon shall be derived from an annual tax upon the real property in said district and all of the said property in said district shall be and remain liable to be taxed for such payments. IN WITNESS WH~EOF,the said Board of Directors of County Sanitation District No.2 has caused this bond to be signed by its Chairman and ccuntersigned by the Auditor of said District by his facsinile signature,and the seal of said District to be affixed thereto,and the interest coupons attached hereto to be signed by said Auditor by his facsimile signature,this first day of August,1951. Chairman of the Board of Directors of County Sanitation District No.2 of Orange County (SEAL)Counters~gned: Auditor of the County of Orange and ex—officio Auditor of County Sanita tion DistrIct No.2of Orange County, —3— 4.That cou~ons shall be attached to each of the said bonds for the interest accruing thereon and that said interest coupons of said bonds shall be numbered consecutively arid shall be substantially in the following form: NO.________ _____________ On the let day of _______________, 19 ,County Sanitation District No.2 of Orange County,California, will pay to the bearer hereof,at the office of the County Treasurer of the County of Orange,in the City of santa Ana, State of California,the sure of ~________________, ±n lawful money of the United States of America,being the ____________ (annual or semiannual)interest then due on Bond No.__________ Series 1 of said District,dated August 1,1951. Auditor of the,County of Orange and ex—offlcio Auditor of County Sanita tion District No.2 of Orange County 5.That the Chairman of the Board of Directors of said County Sanitation District No.2 be,and he is hereby authorized and directed to sign all said bonds and to affix thereto the seal of said district board,and the Auditor of said district be,and he is hereby authorized and directed to countersign said bonds and to sian the interest coupons of said bonds,and that said countersignature and signature of the Auditor may “ce signed by his printed,engraved or litho graphed signature,and that said bonds when so signed and countersi~ned shall he delivered by said Auditor of said Di strict to the Treasurer of said County,and shall by said. Treasurer be delivered to such persons in such amounts and such times as the Board of Directors of County Sanite.tion District No.2 shall determine and direct. 3.That the proceeds of the sale of said bonds shall be placed in the Treasury of the County of Oranp’e to the cre dit of County Sanitation District No.2 of Orange County,and all premiuns and accrued interest received shall be paid into the fund to be used for the ~aynent of principal and interest 4 N. on the bonds,and the remai~ider of the proceeds of the sale shall be paid into the construction fund of the district and, except as otherwise provided or permitted by law,shall be a~— plied exclusively to the objects a~~d purposes mentioned in the resolution of said Board of Directors of County Sanitation District i’~o.2,ado’)ted on January 26,1949,calling the special election at which said bonds were authorized. 7.That the Board of Directors of said district shall annually,at least fifteen (15)days before the first day of the month in which the Board of Sucervisors 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 ~rincipal thereof as is to become due before the time for rnalzing the next general tax levy,and the said Board of Supervisors,in accordance with the duty imposed upon them by the ~rovisions of said County Sanitation District Act,shall annually at the time ai~in the manner of levying other county taxes levy and cause to be col~ lected,a t&x upon the taxable real property In said County Sanitation District No.2 of Oran~e 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 t~~e same manner as the general tax levy for county purpos~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 ~ayment of the principal and interest on said bonds and for 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 —5— S interest on the bonds of eaid county. 8.That sealed proposals for the purchase of said cl,644,000.OO of bonds shall be received by this board at the office of the Secretary of this Soard in the Orange County Court House,Room 205,Santa Ana,California,up to the hour of 8:00 o’clock P.i~i.On January 23 ,l9~2. 9.That the Secretary of this ~oard.shall cause a notice inviting bids for said.~l,644,000.00 bonds to be published once in the Anaheim Bulletin Said notice shall be in ~Tords and figures aS follows: NOTICE INVITING EIDS FOR ~l,644,O00 BONDS OF COUNTY SANITATION DISTP.ICT NO.2 OF 0RAN~E COUNTI,CALIFORNIA NOTICE IS H~R~5Y GIVEN that sealed proposals for the purchase of cl,544~,00O.00 par value principal amount of bonds of County Sanitation District No.2 of Orange County, California,will be received by the Board of Directors of said district at the office of the Secretary of said Board in the Orange County Court ~ouse,Room 205,Santa Ana, California,up to the hour of 8:00 0 clock P.1k,on January 23 , i9sz. Said bonds were authorized at an election held in said distrIct on February 23,1949,and.constItute the first issue of bonds of said district.Said district is organized under and said bonds are to be issued pursuant to the provisions of the County Sanitation District Act,Chapter 3,Part 3,Division V of the Health and Safety Code of the State of California. Said bonds consi~t of l,61~+bonds,numbered 1 to l,6i~+inclusive,of the denomination of ~l000 each,to be dated August 1,1951,to be payable in consecutive numerical order,~)42,000 on August 1 In each of the years 1952 to 1958, —6-. inclusive,and ~45,OOO on August 1 in each of the years 1959 to l98~,inclusive,and to bear interest at a rate or rates not to exceed si~:percent (e~)per annum,payable annually the first year and semiannually thereafter,Said bonds and the interest thereon are payable in lawful money of the United Stated of America at the office of the Trea~urer of said County. Said bonds will be sold for cash only and for not less than par and accrued interest to the date of delivery. ach ‘oid must stat’e that the bidder offers par and accrued in terest to the date of delivery,and state separately the premium, if any,offered for said bonds,and the rate or rates of interest, not exceeding 65~per annum,said bonds shall bear,which rate or rates shall be a multiple of one—nuarter of one ~~ercent. Each bjd shall be for the entire amount of said bonds. I~ot to exceed three rates of interest may be bid,but no single bond shall bear more than one rate of interest. Bids will be compared on the basis of net interest coet,ithich shall be determined by computing the total amount of interest which the district would be required to pay from the date of the bonds to the rcs~ective maturity dates there of at the rate or rates cpecified in the bid and by deducting therefrom any premium bid. The opinion of O’~elveny &~iyere,Los Angeles,California, apiDroving the validity of said bonds,will be furnished the successful bidder without cost to the bidder. A certified or cashier’s check for a sum not less than three percent (3~)of the par value of said bonds,payable to the order of the Treasurer of Orange County,must accompany each bid as a guaranty of that bidder,if successful,will accept and pay for said bonds in accordance with the terms of his bid,The proceeds of the check accompanying the acce~ted bid shall be applied on the purchase price,or, —7— if such bid is accepted but not performod,shall be retained by the County Treasurer for the benefit of the district,un less such failure of performance is caused by any act or omission of said county,said district,or an officer of either of them.Checks accomoanyin~unaceepted bide ~‘rill he returned promptly. At any time before the bonds are tendered for de— livery,the successful bidder may disaffirm and ~rith~raw the proposal if the interest received by private holders from bonds of the same type and character shall be declared to be taxable income under present federal income tax laws,either by a ruling of the Bureau of Internal aevenuc or by a decision of any federal court,or shall be declared taxable by the terms of any federal income tax law enacted subsequent to the date of this notice. This sale of bonds has been ap7roved by the Western Investment Banldng Voluntary Credit Restraint Committee. At the time of payment for the delivery of said bonds,the successful bidder will be furnished with a certi— ficate that there is rio litigation pending affecting the validity of the bonds. Said bonds will be delivered at the office of the County Treasurer of said County. The Board of Directors reserves the right to reject any and all bids or to waive any irregularity or informality in any bid. The bids will be opened at the meeting of said Board of Directors to be held January 23 - ,1952, at 8:00 P,i~,,at the meeting place of said Board in the Orange C~unty Court House. By order of the 3oa~d of Directors of County Sanitation District No.2 of Orange County,California, —8— 1 adopted Dec~mb~r 12 , 1951. ~c Secretary of ~‘he Board.of’Directors of County Sanitation District No.~. of Orange County,California 10.That all prior resolutions and orders providing for the issuance of said bonds,including the Resolution No. 55—C adoiDtecl by this Board on February 28,1951,be,and the same are hereby rescinded and repealed. AYES:Directors Willis H.Warner.Frank J.Schweitzer,Jr Don B1.1-laiber,Charles E.Stevens,William H.Hirstein X~Z~and Robert H.Boney NOES:Directors None ABSENT:Director Hugh W.Warden STATE OF CALIFORNIA) Cs. COUNTY OF ORANGE ) I,ORA NA ~ERRITT,Secretary of the Board of Directors of County Sanitation District No,2 of Orange County,California, hereby certify that the above and foregQii~g Resolution was duly and regularly adopted by the said Board at a regular meeting thereof held cr1 the 12th day of Dec~ber 1951,and passed by a unanimous vote of said Board. IN WITNESS WHEREOF,I have hereunto set m~hand this 12th day of December , 1951. Secretary of the Board(~of Directors of County Sanitation District No.2 of Orange County,California —9- RESOLUTION NO.109-3 A RESOLUTION OF THE BOARD OF DIRECTORS OF COUNTY SANITATION DISTRICT NO.3 OF THE COUNTY OF ORANGE,STATE OF CALIFORNIA, PROVIDING FOR THE ISSUANCE OF BONDS OF SAID DISTRICT IN THE AMOUNT OF ONE MILLION THREE HUNDRED AND SIXTY-FOUR THOUSAND DOLLARS ($1 364,000) December - 12 ,19 51 On motion of Director Joseph Webber ,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 of the State of California, this Board,on January 26,1949,adopted the report required by Section 4748 of said Act,of Vinton W. Bacon,Sanitation Engineer,filed in the office of this Board on December 22,1948;and WHEREAS,on the 26th day of January,1949,this Board adopted a resolution calling and ordering a special election to be held in said District on February 28,1949, for the object and purpose of submitting to the qualified electørs of said District the propositiQn of incurring a bonded debt in the amount of $1,364,000.00 for the purposes stated in the said report of Vinton W,Bacon;and WHEREAS,.this Board,on March 7,1949,duly can.. vassed the returns of said election,and adopted its reso lution finding and declaring that at said election more than two—thirds of the total votes cast were in favor of incurring such bonded indebtedness; NOW,THEREFORE,IT IS HEREBY RESOLVED,DETERMINED ~ND ORDERED by the Board of Directors of County Sanitation District No,3 of Orange County as follows: .. 1.That bonds of County Sanitation District No.3 of Orange County in the sum of $1,364,000.00 shall be issued and sold in accordance with the provisions 01’said County Sani—, tation District Act for the objects and purposes set forth in the said resolution calling said special election.Said bonds shall be one thousand three hundred aid sixty—five (1,365)in number,one thousand three hundred and sixty—three (1,363)of said bonds shall be of the denomination of ~l,O00.00 each,and two of said bonds shall be of the denomination of ~5O0.OO,maturity date of one of said ~500.00 bonds (Number 1330)shall be August 1,1989,and the maturity date of the other $500.00 bond (Number 1365)shall be August 1,1990, each bond to be numbered 1 to 1,365,inclusive.Said bonds shall bear interest at a rate or rates to be hereafter fixed not to exceed six percent (6%)per annum,payable annually for the first year arid semiannually thereafter.The principal and interest of the said bonds shall be payable in lawful money of the United States of America at the office of the County Treasurer of the County of Ordnge in the City of Santa Aria,State of California. 2.That the bonds shall mature and be payable in consecutive numerical order,~35,000 on August 1 in each of the years 1952 to 1988,inclusive,and $34,500 on August 1 in each of the years 1989 to 1990,inclusive. 3,That said bonds shall be substantially in the following forms UNITED STATES OF AMERICA STATE OF CALIFORNIA COUNTY SANITATION DISTRICT NO.3 OF ORANGE COUNTY BOND SERIES NO.1 NO,~$1000 County Sanitation District No.3 of Orange County, Calitornia,a district created and existing under and by virtue’of the County Sanitation District Act,now Chapter 3, Part 3,Division V of the Health and Safety Code of the State of California,for value received,hereby acknowledges itself indebted and promises to pay to the bearer hereof on the first day of August,19 ,at the office of the County Treasurer of the County of Orange.in the City of Santa Aria, State of California,the sum’of one thousand dollars in lawful money of the Unito~States of America,with interest thereon in like lawful money,at the rate of _____ percent per annum,payable semiannually on the first day of February and the first day of August of eachand every year from and after the date hereof,except that interest for the first year shall be payable in one installment 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 one thousand three i h~ndred sixty-five bonds of like tenor and date,except as ~maturity and except that the interest rates thereof may :,differ,numbered respectively from 1 to 1365,inclusive, ‘~y(amounting in the aggregate of one million three hundred thousand and sixty—four dollars. This bond is issued by the Boe*rd of Directors of County Sanitation District No.3 of Orange County,Calif ornia,under the ~uthority conferred upon sdid Board by the provisions of said County Sanitation District Act,and by virtue of a two-thirds vote of the qualified voters of said District voting at an election duly called and held on the 2~th 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 und the returns thereof canvassed and declared in accordance with all the provisions of law relating thereto,and that all of the proeedings of the Board of Directors of County Sanitation District No.3 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 declared that the issue of bonds of which this bond is one is the first issue of bonds of said County Sanitation District No.3. This bond is in the form prescribed by resolution of the Board of Directors of County Sanitation District No. 3 of Orange County and the mor~y for the redemption of this bond and the payment of interest thereon shall be derived from an annual tax upon the real property in said district and all of the said property in said district shall be and remain liable to be taxed for such payments. IN VITNESS WHEREOF,the said Board of Directors of County Sanitation District No.3 has caused this bond to be signed by its Chairman and countersigned by the Auditor of said District by his facsimile signature,and the seal of said District to be affixed thereto,and the interest coupons attached hereto to be signed by said Auditor by his facsimile signature,this first day of August,1951. Chairman of the Board of Directors of County Sanitation District No.3 of Orange County,California (SEAL) Countersigned: Auditor of the County of Orange and ex-officio Auditor of County Sani tation District No.3 of Orange County —3— 4,That coupons shall be attached to each of the said bonds for the interest accruing thereon and that said interest coupons of said bonds shall be numbered ~onsecutively arid shall be substantially in the following form: NO,_______ __________ On the 1st day of ________________ ,19 ,County Sanitation District No,3 of Orange County,California, will pay to the bearer hereof,at the office of the County Treasurer of the County of Orange,in the City of Santa aria,, State of California,the sum of 4~______________• in ]~.wful money of the United States of i~nierica,being the __________ (annual or semiannual)interest then due on Bond No. _______ Series 1 of said District,dated August 1,1951. Auditor of the County of Orange and - ex-officio Auditor o Cr~inty Sarii— tation District No.3 of Orange County 5.That the Chairman of the Board of Directors of said County Sanitation District No.3 be,and he is hereby authorized and directed to sign all said bonds and to affix thereto the seal of said district board,and the Auditor of said district be,and he is hereby authorized and directed to counter sign said bonds and to sign the interest coupons of said bonds,and that said countersignature and signature of the Auditor may be signed by his printed,engraved or litho graphed signature,~nd that said bonds when so signed and couritersigned shall b~delivered by said Auditor of said District to the Treasurer of said County,and shall by said Treasurer be delivered to such persons in such amounts and such times as the Board of Directors of County Sanitation District No.3 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.3 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 —4— on the bonds,and the remainder of the proceeds of the sale shall be paid into the construction fund of the district and, except as otherwise provided or permitted by law,shalibe applied exclusively to the objects arid purposes meri~ioned in the resolution of said Board of Directors of County Sanitation District No.3,adopted on January 26,1949,calling the special election at which said bonds were authorized. 7.That the Board of Directors of said district shall annually,at least fifteen (15)days before the first day of the month in which the Board of Superiisors of Orange County is required,by law,to levy the amount of taxes re quired 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 saiçl 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 upen the taxable real property in said County Sanitation District No.3 of Orange County,based upon the last equalized assessment roll of said county,sufficient to pay the interest c’n said bonds for that year and such portion of the princip~].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 purposed 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 on said bonds and for 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 -.5— interest on the bonds of said county. 8.That sealed proposal’s for the purchase of said $1,364,000.00 of bonds shall be received by this Board at the office of the Secretary of this Board in the Orange County Court House,Room 205,Santa Ana,California,up to the hour of 8:00 o’clock P.M.on January 23 ,1952. 9.That the Secretary of this Board shall cause a notice inviting bids for said ~l,364,OOO.OO bonds to be published once in the Buena Park News Said notice shall be in words and figures as follows: NOTICE INVITING BIDS FOR $1,364,000 BONDS OF COUNTY SANITATION DISTRICT NO.3 OF ORANGE COUNTY,CALIFORNIA NOTICE IS HEREBY GIVEN that sealed proposals for the purcahse of $1,364,000.00 par value principal amount of bonds of County Sanitation District No.3 of Orange County, California,will be received by the Board of Directors of said district at the office of the Secretary of said Board in the Orange County Court House,Room 205,Sdnta Ana, California,up to the hour of 8:00 o’clock p.m.on January 23 ,1952~. Said bonds were authorized at an election held in said district on February 28,1949,and constitute the first issue of bonds of said district.Said district is organized under and said bonds are to be issued pursuant to the provisions of the County Sanitation District Act,Chapter 3,Part 3,Division V of the Health and Safety Code of the State of California. Said bonds consist of 1,365 bonds,numbered 1 to 1,365,inclusive,1363 of which are of the denomination of $1,000 each and two of which are of the denomination of $500 each,all to be dated ktugust 1,1951,to be payable in consecutive numerical order,$35,000 on August 1 in each of the years 1952 to 1988,inclusive)and $34,500 on August 1 in each of —6— the years 1989 to 1990,inclusive,and to bear interest at a rate or rates not to exceed six percent (6%)per annum,payable annually the first year and semiannually thereafter.Said bonds and the interest threon are payable in lawful money of the United States of America at the office of the Treasurer of said County. Said bonds will be sold for cash only and for not less than par and accrued interest to the date of delivery. Each bid must state that the bidder offers par and accrued interest to the date of delivery,and state separately the premium if any,offered for said bonds,and the rate or rates of interest not exceeding 6%per annum,said bonds shall bear, which rate or rates shall be a multiple of one—quarter of one percent. Each bid shall be for the entire amount of said bonds. Not to exceed three rates of interest may be bid,but no single bond shall bear more than one rate of interest. Bids will be compared onthe basis of net interest cost,which shall be determined by computing the total amount of interest which the district would be required to pay from the date of the bonds to the respective maturity dates there of at the rate or rates specified in the bid and by deducting therefrom any premium bid. The opinion of O’Melveny &Myers,Los i~ngeles,California, approving the validity of said bonds,will be furnished the successful bidder,without cost to the bidder. A certified or cashier’s check for a sum not less than three percent (3%)of the par value of said bonds,pay able to the order of the Treasurer of Orange County,must accompany each bid as a guaranty of that bidder,if success— ful,uili accept and pay for said bonds in accordance with the terms of his bid.The proceeds of the check accompanying the accepted bid shall be applied ~n the purchase price,or~ -7— if such bid is accepted but not performed,shall be retained by the County Treasurer for the benefit of the district, unless ~ucthfailure of performance is caused by any act or omission of said county,said district,or an officer of either of them.Checks accompanying unaccepted bids will be returned promptly. At any time before the bonds are tendered for delivery, the successful bidder may disaffirm and withdraw the proposal if the interest received by private holders from bonds of the same type and character shall be declared to be taxable income under present federal income tax laws,either by a ruling of the Bureau of Internal Revenue or by a decision of any federal court,or shall be decLired taxable by the terms of any federal income tax law enacted.subsequent to the date of this notice, This sale of bonds has been approved by the Western Investment Banking Voluntary Credit Restraint Committee. At the time of payment for the delivery of said bonds, the successful bidder will be furnished with a certificate that there is no litigation pending affecting the validity of the bonds. Said bonds will be delivered at the office of the County Treasurer of said County. The Board of Directors reserves the right to reject any and all bids or to waive any irregularity or informality in any bid. The bids will be opened at the me~iting of said Board of Directors to be held January 23 —1952, at ~:OO P.M.,at the meeting place of said Board in the Orange County Court House. By order of the Board of Directors of County Sanitation District No.3 of Orange County,California, —a— adopted December 12 1951. Secretary o/the Boar4 of Directors of County Sanitation District No.3 of Orange County,California 10.That all prior resolutions and orders providing for the issuance of said bonds,including the Resolution No.55-F adopted by this Board on February 2~,1951,be,and the same are hereby rescinded and repealed. AYES: NOES: ABSENT: 55 STATE OF CALIFORNIA COUNTY OF ORANGE I,ORA MAE MERRITT,Secretary of the Board of Directors of County Sanitation District No.3 of Orange County,California, hereby certify that the above and foregoing Resolution was duly and regularly adopted by the said Board at a regular meeting thereof held on the 12th day of December 1951,and passed by a unanimous vote of said Board. IN WITNESS WHEREOF,I have hereunto set my hand this _day of December ,1951. ~ ecetary of t~Board,/of Directors of County Sanitation District No.3 of Orange County,California —9— RESOLUTION NO.109-5 A RESOLUTION OF THE BOARD OF DIRECTORS OP COUNTY SANITATION DISTRICT NO.5 OF TYE COUNTY OF OFAN9E,STATE OF CALIFORNIA, PROVIDING FOR TEE ISSUANCE OF BONDS OF SAID DISTRICT IN TEE AI.;OU2!T OF SEVEN HUNDRED NINETY-SIX THOUSAND DOLLARS (c~796,oOo) December 12 19 SL On motion of Director Willis H.Warner ,duly seconded and carried,the following Resolution was ado7ted: WHEREAS,In accordanoe with the provisions of the County Sanitation District Act,now Chapter 3,Part 3,Division V of the Health and Safety Code of the State of California, this Board,on January 26,1949,adopted the re~ort required by Section 4748 of said Act,of Vinton W. Bacon,Sanitation Engineer,filed in the office of this Board on Deoember 22,1948;and WHEREAS,on the 25th day of January,1949,this Board adopted a resolution callIng and ordering a special election to be held,in said District on February 28,1949, for the object and purpose of subriitting to the qualified electors of said District the proposition of Incurring a bonded debt in the amount of )796,000.O0 for the purposes stated in the said report of Vinton t’.Bacon;and WF:EREA~,this Board,on Larch 7,1949,duly can vassed the returns of said election,and adonted its reso lution finding and declaring that at said election more than two—thirds of the total votes cast were in favor of incurring such bonded indebtedness; NOW,THEREFORE,IT IS HEREBY RESOLVED,DETERLINED AND ORDERED by the Board of Directors of County Sanitation District No.5 of Orange County as follows: 1.That bonds of County Sanitation District No. 5 of Orange County in the sum of ~796,OOO.OO shall be issued,and sold in accordance with the provisions of said County Sanitation District Act for the objects and purposes set forth in the said resolution calling said special election.Said bonds shall be seven hundred ninety—six (796) in number,of the denomination of ~l,OOO.OO each,numbered 1 to 793 inclusive,designated 8Series i~end dated August 1, 1951.Said bonds shall bear interest at a rate or rates to be hereafter fixed not to exceed six percent (65~)per annum, payable annually for the first year arid seaianuiually there after.The principal and interest of tJle said bonds shall be payable in lawful money of the United States of America at the office of the Count:’Treasurer of the County of Orange in the City of Santa Ana,State of California. 2.That the bonds shall mature and be iayable in consecutive numerical order,~2O,OOO on August 1 in each of the years 1952 to 1937,inclusive,and ;25,000 on Au~ust Ofl 1 in each of the years 1988 to l98~and c26,000Ain the year ~ 1990. ö.That said bonds shall be substantially i-n the following form; UNITED STATES OF A~C~ICA STATE OF CALIFORNIA COUNTY SANITATION DISTRICT NO.5 OF O?~iTOE COUiTT~ BOND SERIES NO,1 NO._________el000 County Sanitation District No.5 of Orange County, California,a district created and existing under and by virtue of the County Sanitation District Act,rio~’T Chapter 3, Part 3,Division V of the Health and Safety Code of the State of California,for value received,hereby achnowledges itself indebted and ~romises to pay to the bearer hereof on the first day of’August,19,,,at the office of the County Treasurer of the County of Orange,in the City of Santa Aria, State of CaUfornia,the sum of one thousand dollars in law ful money of the United States of America,with interest —2— thereon in like lawful money,at the rate of ______ percent per annum,payable semiannually on the first day of February and the first day of August of each and every year from and after the date hereof,except that interest for the first year shall be ~aygble in one installment 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 in—-~ terest coupons hereto attached,until this bond is fully paid. This bond is one of a series of seven hundred ninety~~x—~ bonds of lil:e tenor and date,except as to denominatiun~maturity end except thet the interest rates thereof mey differ,numbered restectively from 1 to 796,inclusive,amount±ng in the aggregate of seven hundred ninety—six thousand dollars. This bond is issued by the Board of Directors of County SanitatIon District Ho.5 of Orange County,Calif ornia, under the authority oonfe~’red upon saio.Boarc~oy tne pro visions of said County Sanitation District Act,and by virtue of a two—thirds vote of the qualified voters of said DistrIct voting at an election duly oalled and held on the 28th day of February,1949. IT IS HEREBY CERTIFIED,RECITED LW DECLARED that said election was duly called,duly held and duly conducted and the notice thereof duly yiven and the returns theroof canvassed and declared ifl 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.5 of Orange County in the matter of the issuance of this bond were regular and in strict accordance with the ~of said County Sanitation District tct and of the Constitution of the ~tate of California.It is further declared that the issue of bonds of which this bond is one is the first issue of bonds of said County Sanitation District ITo.5. This bond is in the form prescribed by resolution of the Board of Directors of County Sanitation District Ho. S of Orange County and the money for the redenntion of this bond and the payment of interest thereon shall be derived from an annual tax uton the real ororerty in said district and all of the said property in said district shall be and remain liable to be taxed for such pa:eionts. IN WIT2TESthTH-:EREOF,the caid Board of Directors of County Sanitation District No.5 has caused this bond to he signed by its Chairman and countersigned by the Auditor of said District by his facsimile signature,and the seal of said Dictrict to be affixed thereto,and the interest coupons attached hereto to be signed by said Auditor by his facsimile signature,this first day of August,1251. Chairman of the Board of Directors of County Sanitation District Ho.S of Orange County (SEAL)Countersigned: Auditor of the County of Orange and ex—officio Auditor of County dcnitL— tion District No.5 of Orange County -3- 4.That coupons shall be attached to each of the said bonds for the interest accruing thereon and that said interest coupons of said bonds shell be numbered consecutively and shall be substantially in the following form: NO, __________________ On the let day of ________________, 19 ,County Sanitation District No.5 of Orange County,California, will pay to the bearer hereof,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 of America,being the _____________ (annual or semiannual)interest then due on Bond No.__________ Series 1 of said District,dc.ted August l~1951. Auditor of the County of Orange and ox—officio Auditor of County Sanita tion District No.3 of Orange County 5.That the Chairman of the Board of Directors of said County Sanitation District No.5 be,and he is hereby authorized and directed to sign all said bonds and to affix thereto the seal of said district board,and the Auditor of said district be,and he is hereby authorizod and directed to countoi~sign said bonds and to sign the interest coupons of said bonds,and that said countersignature and signature of the Auditor may be signed by his printed,engraved or litho— graphed signature,end that saId bonds when so signed and countérsigned shall be-delivered by said Auditor of said Di strict to the Treasurer of said County,and shall by said Treasurer be delivered to such persons in such amounts and such tines as the Board of DIrectors of County Sanitation District No.5 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 cre dit of County Sanitation District No.5 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 —4— S on the bonds,and the remainder of the proceeds of the sale shall be paid into the construction fund of the district and, except as otherwise provided or permitted by law,shall be a:D~ plied exclusively to the objects and purposes mentioned in the resolution of said Board of Directors of County Sanitation District ~o.5,adopted on January 25,1949,calling the special election at which said bonds were authorized. 7.That the Board of Directors of said district 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 purnoses,furnish to said Board of Supervisors a written statement of the amount necessary to ~ay the interest on said,bonds for that year and such portion of the princiral thereof as is to become due before the tine for meJ~ing the next general tax levy,and the said Board of Supervisors,in accordance with th~duty imposed u~on 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 col lected,a tax upon the taxable real orop~rty In said.County Sanitation District NO.5 of Orange County,based uron the last equalized asseSsment roll of said county,sufficient to pay the interest on said.bonds for that year and,ouch portion of the principal thereof as is to become duo before the tine for making the next :cneral tax levy.Said te.x shall be collected at the same time and in the sane manner as the general tax levy for county ;cu:poses 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 orincipal and interest on said bonds and for no other purpose. The rrincipal and interest on said bonds shall be Paid by the County Treasurer of Oran:e County in the nanner now or hereafter rovlded by law for the payment of pri:~c~al and —5— interest on the bonds of said county. 8.That see.led troposals for the ~Durchaee of said ~?96,OOO.OO of bonds shall be received by this Board at the office of the SecretariT of this Board in the Orange County Court House,Room 205,Santa Ana,California,u~ to the hour of 8:00 o’cloci~p~~January 23 , 1952. 9.That the ~ecrctary of this Board shall cause a notice inviting bids for said ~796,OOO.OO bonds to be published once in the Newport-Balboa Press Said notice shall be in words and figures as follows: NOTICE IUVITIN~BIDS FOR ~796,OOQ BONDS OF COUNTY SANITATION DISTRICT iTO.5 OF ORANGE COUNTY,CALIFORNIA NOTICE IS HEREBY GIVEN that sealed pro~osa1s for the purchase of ~796,0OO.O0 par value :~rincipal amount of bonds of County sanitation District No.5 of Orange County, California,will be received by the Board of Directors of said district at the office of the Secretary of said Board in the Oran~o County Court Houso,Room 205,Se.nte.Ana, California,up to the hour of 8:00 o~clock ?.ii.on J~nu~rv 23 ,1952. Said bonds wore authorized at an election held in said district on Fcbrua:’y 28,1949,end constitute the first issue of bonds of said district.Said dIstrict is organized under and said bonds are to be issued pursuant to tho ~Drovisions of the County Sanitation District Act,Chapter 3,Part 3,Division V of the Health and Safety Code of the State of California. S~.id bonds consist of 796 bonds,nu.~ibered 1 to ?CS,inclusive,of the denomination of ~l000 each,to be dated August 1,1951,to be payable in consecutive numerical order,~2O,0O0 on August 1 in each of the years 1952 to 198?, —6- inclusive,an~325,000 on August 1 in each of the years ON 1986 to 1969k and ~26,00OAin the year ~1990,and to bear interest at a rate or rates not to exceed six ~ercent (6%) per annum,payable annually the first year and semiannually thereafter.Said bonds and the interest thereon are payable in lawful money of the United States of America at the office of the Treasurer of said County. Said bonds will be sold for cash only and for not less than par and accrued interest to ~he date of delivery. Each bid must state the.t the bidder offers par and accrued in terest to the date of delivery,and state separately the ‘remium, if any,offered for said bonds,and the rate or rates of interest, not exceeding 6%per annum,said bonds shall bear,which rate or rates shall be a multiple of one—quarter of one percent. Each bid shall be for the entire amount of said bonds. Not to exceed three rates of interest nay be bid,but no single bond shall bear more than one rate of interest. Bids will be compared on the basis of net interest cost,which shall be determined by cors~)~tin2:the total amount of interest which the district would be required to pay from the date of the bonds to the respective natur±ty dates there of at the rate or rates specif~.ed in the bid and by deducting therefrom any premium bid. The opinion of 0~iielveny &~yers,Los Angeles,California, approving’the validity of said bonds,will be furnished the successful bidder without cost to the bidder. A certified or cashier1 s check for a sum not less ti-ian three percent (3%)of the par value of se,id bonds,pay able to the order of the Treasurer of Orange County,must accompany each bid as a guaranty of that bidder,if success ful,will accept and pay for said bonds in accordance with the terms of his bid.The ~roceeds of the check accomnanying the accepted bid shall be applied on the purchase price,or, _17_ if such bid,is accepted.but not performed,ehall be retained by the County Treasurer for the benefit of the district,un less such failure of performance is caused by any act or omission of said.county,said district,or an officer of either of them.Checks accompanying unaccepted.bids trill be returned promptly. At any time before the bonds are tendered for de livery,the successful bidder may disaffirm and withdraw the proposal if the interest received by private holders from bonds of the same type and character shall be declared to be taxable income under present federal income tax laws,either by a ruling of the Bureau of Internal Revenue or by a decision of any federal court,or shall be declared taxable by the terms of any federal income tax law enacted subsequent to the date of this notice. This salo of bonds has been approved by the ~lestcrn Investment Banking Voluntary Credit Restraint Committee. At the time of ~,ayrtent for the delivery of saId, bonds,the successful bidder will be furnished with a cert— ificate that there is no litigation pending affecting the validity of the bonds. Said bonds will be delivered at the office of the County Treasurer 0±said County. The Board of Directors reserves the right to reject any and all bids or to waive any irregularity or informality in any bid. The bids will be opened at the meetiri~of said Board of Directors to be held January 23 ,l9~, at 8:00 P.M.,at the meeting place of said Board in the Orange County Court House. By order of the Board of Directors of County Sanitation District No.5 of Orange County,California.) —8— adopted D~enih~r 12 1951. Secretary of the Board of Di~ct~s~ of Cour~ty Sanitation District No.5 of Orange County,California 10.That all prior resolutions and,orders providing for the issuance of said bonds,including the Resolution adopted by this ?oard on May 25,1949,be,and the same are hereby resci.nded and repealed. AYES:Directors Willis H.Warner,L,L.Isbeil ~Br~den Finch N0E~3~None A~3~ENT:None STATE OF CALIFORNIA ) ss. COUNTY OF ORANGE I,ORA i~E MERRITT,Secretary of the ~oard of Directors of County Sanitation District No,5 of Orange County,California, hereby certify that the above and foregoing Resolution was duly and regu~ar1y acloiDted by the said Boaj’d at a regular meeting thereof he1~L on the 12th day of Dece~t1ur 1951,and passed by a unanir~~ous vote of said Foard. IN WITNESS WHEREOF,I have hereunto set my hand this 12th a~y of December , 1951. Secretary of the Board of Directors of County Sanitation District No.5 of Orange County,California —9.-. RESOLUTION NO.109-6 A RESOLUTION OF THE BOARD OF DIRECTORS OF COUNTY SANIThTION DISTRICT NO.6 OF THE COUNTY OF ORANGE,STATE OF CALIFORNL4, PROVIDING FOR THE ISSUANCE OF BONDS OF SAID DISTRICT IN THE AMOUNT OF NINE HUNDRED ThTELVE THOUSAND DOLLARS ($912,000) December 12 ________ 19 51 On motion of Director ~Ji11is H.~:Jar~ier ,duly seconded and carried,the following Resolution was adopted: WHEREAS,,in accordance with the provisions of the County Sanitation District Act,now Chapter 3,Fart 3,Division V of the Health and Safety Code of the State of California, this Board,on January 26,1949,adopted the report required by Section 474~of said Act,of Vinton ~‘J.Bacon, Sanitation Engineer,filed in the office of this Board on December 22,194d;and WHEREAS,on the 26th day of January,1949,this Board adopted a resolution calling and ordering a special election to be held in said District on February 2d,1949, for the object and purpose of submitting to the qualified electors of said District the proposition of incurring a bonded,debt in the amount of ,~912,OOO.OO for the purposes stated in the said report of Vinton ~J,.Bacon;and WHEREAS,this Board on March 7,1949,duly canvassed the returns of said election,and adopted its resolution finding and declaring that at said election more than two-b~frds of the total votes cast were in favor of incurring such bonded indebtedness; N0~•i,.THEREJ•~’HE,IT IS HEREBY RESOLVED,DETER~INED ~ND ORDERED by the Board of Directors of County Sanitation District No.6 of Orange County as follows: —1— 1.That bonds of County Sanitation District No.6 of Orange County in the sum of $912,000.00 shall be issued and sold in accordance with the provisions of said County Sanitation District Act for the objects and purposes set forth in the said resolution calling said special election.Said bonds shall be nine hundred and twelve i.~12) in number,of the denomination of ~l,OOO.OO each,numbered 1 to 912,inclusive,designated “Series 1”and dated August 1, 1951.Said bonds shall bear interest at a rate or rates to be hereafter fixed not to exceed six percent (6%)per annum, payable annually for the first year and semiannually there after.The principal and interest of the said bonds shall be payable in lawful money of the United States of America at the office of the County Treasurer of the County of Orange in the City of Santa Ana,State of California. 2.That the .uonds shall mature and be payable in consecutive numerical order,~25,OOO Ofl August 1 in each of the years 1952 to 1984,inclusive,$30,000 on i~ugu~t 1 in each of the years 1985 to 1986,~and ~27,OOO~in the year 1987. 3.That said bonds shall be substantially in the following form; UNITED STATES OF A1v~RICA STATE OF CALIFORNIA COUNTY SANITATION DISTRICT NO.6 OF ORANGE COUNTY BOND SERIES NO.1 NO. ________ ~l00O County Sanitation District No.6 of Orange County, California,a district created and existing under and by virtueof the County Sanitation District Act,now Chapter 3, Part 3,Division V of the Health and Safety Code of the State of California,for value received,hereby acknowledges itself • indebted and promises to pay tO the bearer hereof on the first day of Augusta 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 one thousand dollars in lawful money of the United States of America,with interest —2— thereon in like lawful money,at the rate of _______ percent per annum,payable semiannually on the first day of February and the first day of august of each and every year from and after the date hereof,except that interest for the first year shall be payable in one installment 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 nine hundred twelve bonds of like tenor and date,except as to denomination,maturity and except that the interest rates thereof may differ,numbered respectively from 1 to 912,inclusive,amounting in the aggregate of nine hundred and twelve thousand dollars. This bond is issued by the Board of Directors of County Sanitation District No.6 of Oran:e County,California, under authority conferred upon said Board by the pro visions of said County Sanitation District act,and by virtue of a two-thirds vote of the qualified voters of said District voting at an election duly called and held on the 2~th day of February,1949. IT IS HEREBY CERTIFIED,RECITED aND DECLARED thdt 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.6 of Orange County in the matter of the issuance of this bond were regul~r 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 declared that the issue of bonds of which this bond is one is the first issue of bonds of said County Sanitation District No.6. This bond is in the form prescribed by resolution of the Board of Directors of County S~nitation District No.6 of Orange County and the money for the redemption of this bond and the payment of interest thereon shall be derived from an annual tax upon the real property in said district and all of the said property in said district shall be and remain liable to he tax~d for such payments. IN WITNESS WHER~OF,the said Board of Directors of County Sanitation District No.6 has caused this bond to be signed by its Chairman and countersigriod by the Auditor of said District by his facsimile signature,and the seal of said District to be affixed thereto,and the inte~’est coupons attached hereto to be signed by said Auditor by his facsimile signature,this first day of August,1951. Chairman f the Board of Directors of SEAL County Sanitation District No.6 of Orange County Countersigned: Auditor of the County of Orange and ex-officio Auditor of County Sani tation District No.6 of Orj~nc~a County —3— 4.That coupons shall be attached to each of the said bonds for the interest accruing thereon and that said intercst coupons of said bonds shall be numbered consecutively and shall be substantially in the following form: NO. ________________ On the 1st day of ___________ ,19 _______ ,County Sanitation District No.6 of Orange County,California, will pay to the bearer hereof,at the office of the County Treasurer of the County of Orange,in the City of Santa Aria, State of California,the suni of $__________, in lawful money of the United States of America,being the ___________ (annual or semiannual)interest then due on Bond No._________ Series 1 of said District,dated August 1,1951. Auditor of the County of Orange and ex-officlo Auditor of County Sanit ation District No.6 of Orange County 5.That the Chairman of the Board of Directors of said County Sanitation District No.6 be,and he is hereby authorized and directed to sign all said bonds and to affix thereto the seal of said district board,and the ~tuditor of said district be,and he is hereby authorized and directed to countersign said bonds and to sign the interest coupons of said bonds,and that said countersignature and signature of the Auditor may be signed by his printed,engraved or litho— graphed signature,and that said bonds when so signed and countersigned shall be delivered by said Auditor of said Dist rict to the Treasurer of said County,and shall by said Treasurer be delivered to such persons in such amounts and such times as the Board of Directors of County Sanitation District No.6 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.6 of Orange County, and all premiums and accrued interest received shall be paid into the fund to be used f or the payment of principal and interest —4— on the bonds,and the remainder of the proceeds of the sale shall be paid into the construction fund of the district and, except as otherwise provided or permitted by law,shall be appli€d exclusively to the objects and purposes mentioned in the resolution of said Board of Directors of County Sanitation District No.6,adopted on Januery 26,1949,calling the special election at which said bonds were authorized. 7.That the Board of Directors of said district 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 i~to become due before the time for making the next general tax levy,and the said Board of Supervisors,in accord en~e 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 taxabl~real property in said County Sanitation District No.6 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 on said bonds and for 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 princiFal and —5— interest on the bonds of said c~ounty. d.That sealed proposals for the purchase of said Nine Hundred and Twelve Thousand Dollars ($912,000.00) of bonds shall be received by this Board at the office of the Secretary of this Board in the Orange County Court House,Room 205,Santa Ana,California,up to the hour of d:OO o’clock P.M.on January - 23 ,1952 9.That the Secretary of this Board shall cause a notice inviting bids for said $912,000.00 bonds to be published once in the ~c’1ob~Hc~t.d Said notice shall be in words and figures as follows; NOTICE INVITING BIDS FOR $912 ,000 BONDS OF COUNTY SANITATION DISTRICT NO.6 OF ORANGE COUNTY,CALIFORNIA NOTICE IS HEREBY GIVEN that sealed proposals for the purchase of $912,000 par value princi~l amount of bonds of County Sanitation District No.6 of Orange County, California,will be received by the Board of Directors of said district at the office of the Secratary of said Board in the Orange County Court House,Room 205,Santa Ana, California,up to the hour of1 ~:OO o’clock P.M.on Janu.rv 23 ,1952. Said bonds wera authorized at an election held in said district on February 2d,1949,and constitute the first issue of bonds of said district.Said district is organized under and said bonds are to be issued pursuant to the provisions of the County Sanitation District Act,Chapter 3,Part 3,Division V of the Health and Safety Code of the State of California. Said bonds consist of 912 bonds,numbered 1 to 912, inclusive,of the denomination of ~lOOO each,to be dated August 1,1951,to be payable in consecutive numerical order $25,000 on August 1 in each of the years 1952 to l9~4, inclusive,$30,000 on Augt~s~1 in each of the years l9~5 to o~AV9i~+1. 19~6g and $27,000Ain the year l987~~~-±~and to bear —6— interest at a rate or rates not to exceed cix percent (6%) per annum,payable annually the first year and semiannually thor.~after.Said bonds and the interest thereon are payable in lawful money of the United States of America at the office of the Treasurer of said County. Said bonds will be sold for cash only and for not less than par and accrued interest to the date of delivery. Each bid must state that the bidder offers par and accrued interast to the date of delivery,and st~ite separately the premium,if any,offered for said bonds,and the rate or rates of’interest,not exceeding 6%per annum,said bonds shall bear,which rate or rates shall be a multiple of one— quarter of one percent. Each bid shall be for the entire amount of said bonds. Not to exceed three rates of interest may be bid,but no single bond shall bear more than one rate of interest. Bids will be compared on the basis of net interest cost,which shall be determined by computing the total amount of interest which the district would be required to pay from thedate of the bonds to the respective maturity dates there of at the rate or rates specified in the bid and by deducting therefrom any premium bid. The opinion of’O’Melveny &Myers,Los Angeles,California, approving the validity of said bonds,will be furnished thL successful bidder without cost to the bidder. A certified or cashier’s check for a sum x~ot less than three percent (3%)of the par value of said bonds,pay able to the order of the Treasurer of Orange County,must accompany each bid as a guaranty that the bidder,if success ful,will accept and pay for said bonds in accordance with the terms of his bid.The proceeds of the check aqcompanying the accepted bid shall be applied on the purchase price,or, —7— if such bid is accepted but not performed,shall be retained by the County Treasurer for the benefit of the district,unless such failure of performance is caused by any act or omission of said county,said district,or an officer of either of them.Checks accompanying unaccepted bids will be returned promptly. At any time before the bonds are tendered for delivery, the successful bidder may disaffirm and withdraw the prop~al if the interest received by private holders from bonds of the same type and character shall be declared to be taxable income under present federal income tax laws,either by a ruling of the Bureau of Internal Revdnue or by a decision of ~ny federal court,or shall be declared taxable by the terms of any federal income tax law enacted subsequent to the date of this notice. This sale of bonds has been approved by the Western Investment Banking Volunt.~ry Credit Restraint Committee. At the time of payment for the delivery of said b:nds,the successful bidder will be furnished with a certi ficate that there is no 1itig~t&on pending affecting the validity of the bonds. Said bonds will be delivered at the office of the County Treasurer of said County. The Board of Directors reserves the right to reject any and all bids or to waive any irregularity or informality in any bid. The bids will be opened at the meeting of said Board of Directors to be held .2~19c2. at ~:OO F.M.,at the meeting place of’said Board in the Orange County Court Houso. By order of the Board of Directors of County Sanitation District No.6 of Orange C~nty,California, L. adopted Dece~ibe~12 ,1951. Secretary of the Board of Directors of County Sanitation.District No.6 of Orange County,California lO~That all prior resolutions and orders providing for the issuance of said bonds,including the Resolution adopted by this ~oard on May 25,191i.9,be,and the same are hereby rescinded and repealed. AYES:Directors Willis H.Warner,Braden Finch :~nd C.N.Nelson NOES~None ABSENT:None STATE OF CALIFORNIA) ss. COUNTY OF ORANGE ) I,ORA MAE MERRITT,Secretary of the Board of Directors of County Sanitation District No.6 of OrL.~nge County,California hereby certify that the above and foregoing R~solütion was duly and regularly ddopted by the said Board at a regular meeting thereof held on the 12th day of Deca~nb~ 1951,.and passed by a unanimous vote of said Board. IN WITNESS WHEREOF,I have hereunto ~my hand this - 12th day of fl~r~rnh~r ,1951. Secretary of the Board of Directors of County Sanitation District No.6 of Orange County,California -9— RESOLUTION NO.1~9-7 A RESOLUTION OF TH BOARD OF DIRECTORS OF COUNTY SANITATION DISTRICT NO.7 OF THE COUNTY OF ORAi~OE,STATE OF CALIFORNIA, PROVIDING FOR THE ISSUAITC OF BONDS OF SAID DISTRICT IN THE AiIOUNT OF FOUR HUNDRED EIGHTY—EIGHT THOUSAND DOLLARS (c488,000) Dooamb~r 12 , 19 5] On motion of Director WIllis IL Warner ,duly seconded and carried,the following Resolution was adopted: W:-EREAS,in accordance with the provisions of the County Sanitation District Act,~ow Chapter 3,Part 3,Division V of the Health and Safety Code of the 5tate of California, this Board,on January 26,1949,adopted the report required by Section 4748 of said Act,of Vintoi~W. Bacon,Sanitation Engineer,filed in the office of this Board on December 22,1948;and WHEREAS,on the 26th day of January,1949,this Board adopted a resolution ca11in~and ordering a special election to be held in said District on February 28,1949, for the object and purpose of submitting to the qualified electors of said District the proposition of incurring a bonded debt in the amount of ~488,OOO.OO for the purposes stated in the said report of Vinton W.Bacon;and WHEREAS,this Board,on iiarch’7,1949,duly can vassed the returns of said election,and adopted its reso lution finding and declaring that at said election more than two—thirds of the total votes cast were in favor of incurring such bonded indebtedness; flow,THEREFORE,IT IS HEREBY RESOLVED,DETER~.iINED AND ORDERED by the Board of Directors of County Sanitation District No.7 of Orange County as follows: 1.That bonds of County Sanitation District No.‘7 of Orange Cou~ty in the sum of 0488,000.00 shall be issued and sold in accordance with the provisions of said County Sanitation District Act for the objects and purposes set forth in the said resolution calling said special election.Said bonds shall be four hundred eighty—eight (488)in number,of the denomination of ~1,OOO.O0 each,numbered 1 to 488 inclusive,designated “Series 1”and dated August 1, 1951.Said bonds shall bear interest at a rate or rates to be hereafter fixed not to exceed six percent (6~)per annum, payable annually for the fir3t year and semiannually there after.The principal and interest of the said bonds shall be payable in lawful money of the United 5tates of America at the office of the County Treasurer of the County of Orange in the City of Santa Ana,~tate of California. 2.That the bonds shall mature and be payable in consecutive numerical order,013,000.00 on August 1 in each •of the years 1952 to 1981,inclusive,and 014,000 on August 1 in each of the years 1982 to 1988,inclusive. 3.That said bonds shall be substantially in the following form; UNITED STATES OF Ai~RICA STATE OF CALIFORNIA •COUNTY SAluTATION DISTRICT NO.7 OF ORANGE COUNTY BOND S~IES NO.1 NO.________01000 County Sanitation District No.7 of Orange County, California a district created and existing under and by virtue of the County Sanitation District Act,now Chapter 3, Part 3,Division V of the Health and Safety Code of the State of California,for value received,hereby ackno~zledg~itself indebted and promises to pay to the bearer hereof on the first day of August,l9_,at the office of the County •Treasurer of the County of Orange,in the City of Santa Aria, State of California,the sum of one thousand dollars in lawful money of the United States of America,with interest I —2— thereon in like lawful money,at the rate of _____ percent per annum,payable semiannually on the first day of February and first day of .ugust of each and every year from and after the date hereof,except that interest for the first year shall be payable in one installment 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 in- terest couDons hereto attached,until this bond is fully paid.r_~ ‘&ftnAArv~~,_0~r, This bond is one of a series of four hundred ci nty—eight bonds of like tenor and date,except as ~o m y and ex cept that the interest rates thereof may differ,numberod respectively 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 pro visions of said County Sanitation District .ct,and by virtue of a two—thirds vote of the qualified voters of said District voting at an election duly called and held on the 28th day of February,1949. IT IS H~EBY CERTIFIED,RECIflD ~ND DECLL~BED 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 ..et and of the Constitution of the State of California.It is further declared that the issue of bonds of which this bend Is one is the first issue of bonds of said County Sanltatien District No.7. This bond is in the form prescribed by resolution of the Board of Directors of County Sanitation District No. 7 of Orange County and the money for the redemption of this bond and the payneht of interest thereon shall be derived from an annual tax upon the renl property in said district and all of the said property in said district shall be and remain liable to be taxed for such payments. IN WITNESS WHEREOF,the said Board of Directors of County Sanitation District No.7 has caused this bond to be signed by its Chairman and countersigned by the suditor of said District by his facsimile signature,and the seal of said District to be affixed thereto,and the interest coupons attached hereto to be signed by said Auditor by his facsimile signature,this first day of ~ugust,1951. Che.irman of the Board of Directors of County Sanitetion District No.7 of Orange County (SEAL)Countersigned: Auditor of the County of Orange and cx—officio Auditor of County Sanitat ion District No.7 of Orange County. -3- 4.That coupons shall be attached to each of the said bonds for the interest accruing thereon and thct said interest coupons of said bonds shall be numbered consecutively and shall be substantially in the following form: NO._________ ___________ On the let day of ______________, 19 ,County Sanitation District No.7 of Orange County,California, will pay to the bearer hereof,at the office of the County Treasurer of the County of Orange,in the City of Santa ~na, State of California,the sum of _____________ , in lawful money of the United States of America,being the ______________ (annual or semiannual)interest then due on Bond No. _________ Series 1 of said District,dated August 1,1951. Auditor of the County of Orange end ex—officlo 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 i’io.7 be,and he is hereby authorized and directed to sign all said bonds and to affix thereto the seal of said district board,and the Auditor of said district be,and he is hereby authorized and directed to countersign said bonds and to sign the inte~’est coupons of said bonds,and that said countero1~nature and signature of the Auditor may be signed by his printed,engraved or litho— graphed signature,and that said bonds when so signed and countersigned shall be delIvered by $aid Auditor of said Di trict to the Treasurer of said County,and shall by said Treasurer be delivered to such persons in such amounts and such times as the Board of Directors of County Sanitation District No.7 ~hal1 determine and direct. 6.That the proceeds of the sale of said bonds shell be placed in the Treasury of the County of Orange to the cre dit 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 -4- I. on the bonds,and the remainder of the proceeds of the sale shall be paid into the construction fund of the district and, exccpt as otherwise provided or permitted by law,shall be ap plied exclusively to the objects and purposes nentioned in the resolution of said Board of Directors of County Sanitation District No.7,adopted on January 26,1949,calling the special election at which said bonds were authorized. 7.That the Board of Directors of said district 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 tha 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 tine for making the next general tax levy,and the said Board of Supervisors,in accordance with the duty imposed upon then by the provisions of said County Sanitation District Act,shall annuelly at the tine and in the manner of levying other county taxes levy and cause to be ccl— lected,a tax u~on the taxabJ.e real property in said County Sanitation District No.7 of O:~nge County,based upon the last equalized assessment roil of said county,sufficient to pay the interest on snid 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 on said bonds and for no other purpose. The principal and interest on said bonds shall be paid by the County Treasurer cf Orange County in the manner now or hereafter provided by law for the payment of principal and —5— interest on the boflds of said.county. 8.That sealed proposals for the purchase of said 3488,000.00 of bonds shall be received by this Board at the office of the Secretary of this Board in the Orange County Court House,Room 205,Santa Ana,California,up to the hour of 8:00 o’clock P.M.on January 23 ,1952. 9.That the Secretary of this Board shall cause a notice inviting bids for said 3488,000.00 bonds to be published once in the _______________________________________ Said notice shall be in words and figures as follows: NOTICE INVITING BIDS FOR $488,000 BONDS OF COUNTY SANITATION DISTRICT NO.7 OF ORANGE COUNTY,CALIFORNIA NOTICE IS }~REBY GIVEN that sealed proposals for the purchase of ~488,000.O0 par value principal amount of bonds of County Sanitation District No.7 of Orange County, California,will be received by the Board of Directors of said district at the office of the Secretary of said Board in the Orange County Court House,Room 205,Santa Ana, California,up to the hour of 8:00 o’clock ?.j.i.on January , 1952. Said bonds were aut~~iorized at an election held in said district on February 28,1949,and constitute the first issue of bonds of said district.Said district is organized under and said bonds are to be issued pursuant to the provisions of the County Sanitation District Act,Chapter 3,Part 3,Division V of the Health and Safety Code of the State of California. Said.bonds consist of 488 bonds,nu~bcred 1 to 488,inclusive,of the denomination of $1000 each,to be dated August 1,1951,to be payable in consecutive numerical order,~l3,O0O on August 1 in each of the years 1952 to 1981, —6— inclusive,and ~14,OOO on August 1 in each of the years 1982 to 1986,inclusive,and to bear interest at a rate or rates not to exceed six percent (6%)per annum,payable annually the first year and semiannually thereafter.Said bonds and the interest thereon are payable in lawful money of the United States of America at the office of the Treasurer of said County. Said bonds will be sold for cash only and for not less than par and accrued interest to the date of delivery. Each bId must state that the bidder offers par and,accrued in terest to the date of delivery,and state separately the premium, if any,offered for said bonds,and the rate or rates of interest, not exceeding 6%per annum,s~.id bonds shall bear,which rate or rates shall be a muittole of oac—cuartor of one ~Dercent. Each bid shall be for th~entire amount of said bonds. Not to exceed three rates of interest may be bid,but no single bond shall boar more than one rate of interest. Bids will ‘be compared on the basis of net interest cost,which shall be deto~’minc-d by computing the total amount of interest which the district would be required to pay from the date of the bonds to the respective naturity dates there of at the rate or rates s:~ci-~ied in the bid and by deducting therefrom any ~remium bid, The opinion of O’Melveny &Myers,Lo~Angeles,California, approving the validity of said bonds,will be furnished the successful bidder without cost to the bidder. A certified or cashier’s chock for a sum not less than three percent (3%)of the par value of said bonds,pay able to the order of the Treasurer of Orange County,must accompany each bid as a guaranty of that bidder,if success ful,will accept and pay for said bonds in accordance with the terms of his bid..The proceeds of the check accompanying the accented bid shall be applied on the purchase price,or, ‘-7— if such bid is accepted but not performed,shall be retained by the County Treasurer for the benefit of the district,un less such failure of performance is caused by any act or omission of’said county,said district,or an officer of either of them.Checks accompanying unaccepted bids will bo returned promptly. At any time before the bonds arc tendered for de livery,the successful bidder may disaffirm and withdraw the prolDosal if the interest received by private holders from bonds of the same type and character shall be declared to be taxable income under present federal income tax laws,either by a ruling of the Bureau of Internal Revenue or by a decision of any federal court,or shall be declared taxable by the terms of any federal income tax law enacted subsequent to the date of this notice. This sale of bonds has bean a’~Droved by the Western Investment Ban1:in~Voluntary Credit Restraint Committee. At the time of payment for the delivery of said bonds,the successful bidder will be furnished with a certi ficate that there is no litigation pending affecting the validity of the bonds. Said bonds will be delivci’ed at the office of the County Treasurer of said County. The Board of Directors reserves the right to reject any and all bids or to waive any irregularIty or informality in any bid. The bids will be opened at the meeting of said Board of Directors to be held .23 ,l9~, at 8:00 P.i1.,at the meeting place of said Board in the Orange County Court House. By order of the Board of Directors of County Sanitation District No.7 of Orange County,California, —8-. I A- aciopted December 12 1951 Secretary of the Board of Directors of County Sanitation District No.7 of Orange County,Calii’ornia 10.That all prior resolutions and orders providing for the issuance of said bonds,including the RosolutionNo.55—H adopted by this Board oi~February 28,1951,be,and the same are hereby rescinded and repealed. AYES;Directors Willis H.Warner and Vincent L.Humeston NOES:None ABSENT:Direqto~J.L.McBride STATE OF CALIFORNIA) )ss. COUNTY OF ORANGE ) I,ORA ~E NERRITT,Secretary of the Board of Directors of County Sanitation District No.7 of Orange County,California, hereby certify that the above and foregoing Resolution ~as duly and regularly adopted by the said ~oard at a regular meeting thereof hold on the 12th day of December 1951,and paseod by a unanimous vote of said Board. IN WITNESS W~ER~•OF,I have hereunto set my hand this 12th day of December , 1951. Secretary of the ~oard of Directors of County Sanitation District No.7 of Orange County,California —9— RESOLUTION NO.io~n A RESOLUTION OF ‘rHE BOARD OF DIRECTORS OF COUNTY S~NIT~TION DISTRICT NO.11 OF THE COUNTY OF ORANGE,STATE OF Cj~LIFORNIA, PROVIDING FOR THE ISSUi~NCE OF BONDS OF SAID DISTRICT IN THE AMOUNT OF FOUR HUNDRED AND SIXTY THOUS4~ND DOLLi~RS ($460,000.00) December 12 _________,19 51 On motion of Director Jack Greer ,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 of the State of California, this Board,on January 26,1949,adopted the report required by Section 474S of said Act,of Vinton W. Bacon,Sanitation Engineer,filed in the office of this Board on December 22,l9Li.~and WHEREAS,on the 26th day of January,1949,this Board adopted a resolution calling and ordering a special election to be held in said District on February 2~,1949, for the object and purpose of submitting to the qualified electors of said District the proposition of incurring a bonded debt in the amount of $460,000.00 for the purposes stated in the said report of Vinton W.Bacon;and WI€R~AS,this Board,on March 7,1949,duly can vassed the returns of said election,and adopted its reso lution finding and declaring that at said election more than two-thirds of the total votes cast were in favor of inc~irring such bonded indebtedness; NOW,THEaEFORE,IT IS HEREBY RESOLVED,DETERMINED AND ORDERED by the Board of Directors of County Sanitation District No.11 of Orange County as follows: —1.- 1.That bonds of County Sanitation District No. 11 of Orange County in the sum of ~46O,OOO.OO shall be issued and sold in accordance with the provisions of said County Sanitation District ~ict for the objects and purposes set forth in the said resolution calling said special election.Said bonds shall be four hundred sixty (460)in number,of the denomination of ~l,OOO.OO each,numbered 1 to 460 inclusive,desienated ‘Series 1”and dated.August 1, 1951.Said bonds shall bear interest at a rate or rates to be hereafter fixed not to exceed six percent (6%)per annum, payable annually for the fi.r~.t yo~r and sertiannually there after.p~~riii~1pal and interest of the said bo~ic~~ha11 be payable in lawful money of the United States of America at the office of the County Treasurer of the County of Orange in the City of Santa ana,State of California. 2.That the bonds shall mature and be payable in consecutive numerical order,~,12,00O on August 1 in each of the years 1952 to 1985,inclusive,and q~l3,OOO on August 1 in each of the years 1986 to 1989,inclusive. 3.That said bonds shall be substantially in the following form: UNITED STATES OF AMERICA STATE OF CALIFORNIii COUNTY SANITATION DISTRICT NO.11 OF ORANGE COUNTY BOND SERIES NO.1 NO. _______ $1000 County Sanitation District No.11 of Orange County, Ca1iforni~.a district created and existing under and by virtue of the County Sanitation District t~Ct,n~q Chapter 3, Part 3,Division V of the Health and Safety Code of the State of California,for value received,hereby acknowledge0 itself indebted and promises to pay to the bearer hereof on the first day of August,19 , at the office of the County Treasurer of the County~TThrange,in the City of Santa Ana, State of California,the sum of one thousand dollars in lawful money of the United States of America,with interest —2- thereon in like lawful money,at the rate of — percent per annum,payable semiannually on the first day of Februciry and the first day of August of each and every year from and after the date hereof,except that interest for the first year shall be payable in one installment 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 in terest coupons hereto attached,until this bond is fully paid. This bond is one of a series of four j~jipdred si~ty bonds of like tenor and date,except as to7h~tu19~y ãiid~ex cept that the interest rates thereof may differ,numbered respectively from 1 to 460,inclusive,amounting in the aggregate of four hundred sixty thousand dollars. This bond is issued by the Board of Directors of County Sanitation District No.11 of Oran~-e County,California, under the authority conferred upon said Board by the pro visions of said County Sanitation District Act,and by virtue of a two-thirds vote of the qualified voters of said i)istrict voting at an election duly called and held on the 2~th day of February,1949. IT.IS HEREBY CERTIFIED,fiECITED 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.11 of 0r.~nge 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 CorlL.titution of the State of California.It Is further declared that the issue of bonds of which this bond is one is the first issue of bonds of said County Sanitation District No.11. This bond is in the form prescribed by resolution of the Board of Directors of County Sanitation District No. 11 of Orange County and the money for the redemption of this bond and the payment of interest thereon shall be derived from an annual tax upon the real property in said district and all of the said property in said district shall be and remain liable to be taxed for such payments. IN ~ITNESS ~ITHERT~0F,the said Board of Directors of County Sanitation District No.11 has caused this bond to be signed by its Chairman and countersigned by the Auditor of said District by his facsimile signature,dnd the seal of said District to be affixed thereto,and the interest coupons attached hereto to be signed by said tiuditor by his facsimile signature,this first day of August,1951. Chairman áf the Board of Directors of County Sanitation District No.11 of Orange County (SEAL)Countersigned; Auditor of the County of Orange and ex-officio Auditor of County Sanita tion District No,11 of Orange Count~r —3— 4.That coupons shall be attached to each of the said bonds for the interest accruing thereon and that said interest coupons of said bonds shall be numbered consecutively, and shall be substantially in the following forn: NO. ________ ________ On the 1st day of ______________ ,19 ,Courity Sanitation District No.11 of Oranga County,California, will pay to the bearer hereof,at the office of the County Treasurer of the County of Ordnfe,in the City of Santa Ana, State of California,the sum of ~______~~ in lawful money of the United States of America,being the _____________ (annual or semiannual)inter~est then due on Bond No. _________ Series 1 of said District,dated August 1,1951. Auditor of •the County of Orange and ex-cfficio Auditor of Ccunty Sanita tion District No.11 of Orange County 5.That the Chairman of the Board of Directors of said County Sanitdtion District No.11 be,and he is hereby authorized and directed to sign all said bonds and to affix thereto the seal of said district board,and the Auditor of said district be,and he is hereby authorized and airected to countersign said bonds and to sign the interest coupons of said bonds,and that said countersignature and signature of the Auditor may be signed by his printed,engraved or litho graphed signature,and that said bonds when so signed and countersigned shall be delivered by said Auditor of said Di trict to the Treasurer of said County,and shall by said Treasurer be delivered to such persons in such amounts and such times as the Board of Directors of County Sanitation District No.11 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 cre d~t,of County Sanitation District No.11 of Orange County,and all rremjums and accrued interest received shall be paid into the fund to be used for the payment of principal and ~t.ero~ -4-. on the bonds,and the remainder of the proceeds of the sale shall be paid into the construction fund of the district and, except as otherwise provided or permitted by law,shall be ap plied exclusively to the objects and purposes mentioned in the resolution of said Board of Directors of Coi.u’.ty S~r.itation District No.11,adopted on January 26,1949,calling the special election at which said bonds were authorized. 7.That the Board of Directors of said district 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 asis to become due before the time for making the next general tax levy,and the said Board of Supervisors,in accord~’-~ 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 col lected,a tax upon the taxable r~ul property in said County Sanitation District No.11 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 on said bonds and for no other purpose. The principal and interest on said bonds shall be paid by t.i’O County Treasurer of Orange County in the manner r.cw ~r hereafter provided by law for the payment of principal and —5— interest on the bonds of said county. 8.That sealed proposals for the purchase of said ~46O~,000.O0 of bonds shall be received by this Board at the office of the Secretary of this Board in th~Cran:e County Court House)Room 205,Santa ana,California,up to the hour of 8:00 o’clock P.M.on January 23 1952. 9.That the Secretary of this Board shall cause a notice inviting bids for said $460,000.00 bonds to be Huntington Beach News publiehed once in the ______________________________________________ Said notice shall be in words and figures as follows: NOTICE INVITING BIDS FOR $460,000 BONDS OF COUNTY SANIThTION DISTRICT NO.11 OF ORANGE COUNTY,CALIFORNIA NOTICE IS HEREBY GIVEN that sealed proposals for the purchase of $460,000.00 par value principal amount of bonds of County Sanitation District No.11 of Orange County, California,will be received by the Board of Directors of said district at the office of the Secreta~’y of said Board in the Orange County Court House,Room 205,Santa ana, California,up to the hour of 8:00 o’clock F.M.on January 23 ,1952. Said bonds were authorized at an election held in said district on February 28,1949,and constitute the first issue of bonds of said district.Said district is organized under and said bonds are to be issued pursuant to tlie provisions of the County Sanitation District act,Chapter 3,Part 3,Division V of the Health and Safety Code of the State of California. Said bonds consist of 460 bonds,numbered 1 to 460,inc~usive,of the denomination of $1000 each,to be d?ted August 1,1951,to be payable in consecutive num~rica1 order,$12,000 on August 1 in each of the years 1952 tc i9;~5, -6- inclusive,and ~l3,OOO on itugust 1 in each of the years l9~6 to 19~9,inclusive,and to bear interest at a rate or rates not to exceed six percent (6%)per annum,payable annually the first year and semiannually thereafter.Said bonds and the interest thereon are payable in lawful money of the United States of America at the office of the Treasurer of said County. Said bonds will be sold for cash only and for not less than par and accrued interest to the date of delivery. Each bid must state that the bidder offers par and accrued in terest to the date of delivery,and state separately the premium, if any,offered for said bonds,and the rate or rates of interest, not exceeding 6%per annum,said bonds shall bear,which rate or rates shall be a multiple of one-quarter of one percent. Each bid shall be for the entire amount of said bonds. Not to exceed three rates of interest maybe bid,but no single bond shall bear more than one rate of interest. Bids will be compared on the basis of net interest cost,which shall be determined by computing the total amount of interest which the district would be required to pay from the date of the bonds to the respective maturity dates there of at the rate or rates specified in the bid and by deducting therefrom any premium bid. The opinion of O’Melveny &Myers,Los Angeles,California, approving the validity of said bonds,will be furnished the successful bidder without Cost to the bidder. A certified or ~check for a sum not less than three percent (3%)of the par value of said bonds,pay able to the order of the Treasurer of Or~n~e County,must accompany each bid as a guaranty of that bidder,if success ful,will accept and pay for said bonds in accordance with the terms of his bid.The proceeds of the check accompanying the accepted bid shall be applied on the purchase price,or, -7- if such bid is accepted but not performed,shall be retained by the County Treasurer for the benefit of the district,un less such failure of performance,is caused by any act or omission of said county,said district,or an officer of either of them.Checks accompanying unaccepted bids will be return~d prompt ly~ At any time before the bonds are tendered for de livery,the successful bidder may disaffirm and withdraw the proposal if the interest received by private holders from bonds of the sdme type and character shall be declared to be taxable income under present federal income tax laws,either by a ruling of the Bureau of Internal Revenue or by a decision of any federal court,or shall be declared taxable by the terms of any federal income tax law enacted subsequent to the date of this notice. This sale of bonds has been approved by the Western Investment Banking Voluntary Credit Restraint Committee. At the time of payment for the delivery of said bonds,the successful bidder will be furnished with a certi ficate that there is no litigation pending affecting the validityof the bonds. Said bonds will be delivered at the office of the County Treasurer of said County. The Board of Directors reserves the right to reject any and all bids or to waive any irregularity or informality in any bid. The bids will be opened at the meeting of said Board of Directors to be held January23 ,l95~, at ~:OO PJ~I.,at the meeting place of said Board in the Orange County Court House. By order of the Board of Directors of County Sanitation District No.11 of Orange County,California, S adopted - D~~mber 12 1951. Secretary of the Board of Directors of County Sanitation District No,11 of Orange County,California 10.That all prior resolutions and orders providing for th~issuance of said bonds,including the Resolution adopted by this Board on May 25,1949,be,and the same are hereby rescinded and repealed, AYES:Directors Jack Greer,Vernon E.Langenbeck and Willis H.Warner NOES:None_- —~ ABSENT:None STATE OF CALIFORNIA) ss. COUNTY OF ORANGE I,ORA MAE MERRITT,Secretary of the Board of Directors of County Sanitation District No,11 of Orange County,California, hereby certify that the above and foregoing Resolution was duly and r~gularly adopted by the said Board at a regular meeting thereof held on the 12th day of December 1951,and passed by a unanimous vote of said Board. IN WITNESS WF~REOF,I have hereunto set my hand this 12th day of December ,1951. Secretary of the Board of Directors~ of County Sanitation District No.ii of Orange County,California —9—