HomeMy WebLinkAboutResolution 1953 - 0337RESOLUTION NO.337-7
RESOLUTION OF THE BOARD OF DIRECTORS OF COUNTY
SANITATION DISTRICT NO.7 OF ORANGE COUNTY,
CALIFORNIA,FIXING AND DETERMINING THE OUT
STANDING INDEBTEDNESS OP THE DISTRICT AS OF
DECEMBER 30,1953.
The Board of Directors of County Sanitation District
No.7 of Orange County,California does resolve as follows:
WHEREAS,certain territory has been withdrawn from
County Sanitation District No.7 on December 30,1953;and
WHEREAS,it is necessary to determine the outstanding
indebtedness of said District as of that date:
NOW,THEREFORE,the Board of Directors of County
Sanitation District No.7 does hereby FIND,DETERMINE and RESOLVE
as follows:
Section 1.That County Sanitation District No.7 has,
asof December 30,1953,the following items of indebtedness:
1.District 7’s oblIgations under the Agreement of Sale and
Purchase dated February 28,1951 for the purchase of certain
sewage disposal facilities made pursuant to the proposition
for the issuance of the District’s bonds approved at an
election held February 28,1949:
District’s share of total
payments listed under Para
graph 8,Items 1,2 and 3,
less Its share of bonds assumed
from Cities of Anaheim and Orange
in accordance with Resolution
No.142-7 adopted on
April 9,1952:$234,613.40
Excess inventory on
personal property 732.48
Construction of
additional facilities 18,071.24 $253,1U7.l2
2.DistrIct’s share of bonds assumed
from the cities of Anaheim and Orange
City of Anaheim bonds:
Principal $3,502.80
Interest 788.13
$4,290.93
City of Orange bonds:
Principal 778.40
Interest 58.38
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5,127.71
3.District 7’s obligatIon under Agreement
of Sale and Purchase dated December 12,
-
-
1951 between Che Coutty ot Orange and
County Sanitation Districts Nos.6 and 7 720.00
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$462,000.004.District bonds outstanding
5.Bond interest coupons to be
redeemed February 1~1954 to
August 1,l98~,inclusive 212 ~132.5O
~
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Section 2.That the total outstanding indebtedness for said
County Sanitation District No.7 as of December 30,195?is
Nine Hundred Thirty-three Thousand Three Hundred Ninety-seven
dollars and Thirty—three cents.~$933,397.33)
•
THE FOREGOING RESOLUTION was
adjourned meeting of the Board of
District No.7 on the 30th day of
passed and adopted at a regular
Directors of County Sanitation
December,1953.
~Z ~~
Secretary of the Board
STATE OF CALIFORNIA)
88
COUNTY OF ORANGE
I,ORA MAE MERRITT,Secretary of the Board of Directors of
County Sanitation District No.7 of Orange County,California,
hereby certify that the foregoing resolution was regularly
adopted by the Board of Directors of County Sanitation District
No.7 of Orange County,California,at a regular adjourned
meeting of said Board held on the 30th day of December,1953,
by.the following
AYES:
roll call vote:
Directors Willis H.Warner,Courtney R.Chandler
and Vincent L.Humeston
Directors None
Directors None
do
NOES:
ABSENT:
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IN WITNESS WHEREOF,I have hereunto set my hand and
affixed the official seal of County Sanitation District No.7
this 30th day of December
,1953.
~
Secretary,Board of Directors
County Sanitation District No.7
Orange County,California
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