HomeMy WebLinkAboutResolution 1958 - 0565RESOLUTION NO.565-2
A RESOLUTION OF T}~BOARD OF DIRECTORS OF
COUNTY SANITATION DISTRICT NO.2 OF ORANGE
COUNTY,CALIFORNIA AUTHORIZING TEMPORARY
PORROTTING UNDER THE PROVISIONS OF GOVERN
MENT CODE SECTIONS 5)850 THROUGH 53855
INCLUSIVE.
WHEREAS,it is anticipated that County Sanitation District
No.2 of Orange County,California,will need to borrow the sum
of $55,500.00 to meet current obligations likely to become due
before January 1,1959,before taxes for 19.58-1959 will be
received by the District;and,
WHEREAS,said sum is less than 8.5 percent of the revenue
anticipated from taxes for the current fiscal yea~r,which taxes
have not been collected at this time;and,
WHEREAS,the Auditor and Treasurer of the District have
recommended and approved the aforesaid borrowing in accordance
with the provisions of Section 53851 of the Government Code:
NOW,THERFFORE,RE IT.RF.SOLVED that the District borrow
the sum of $55,500.00 and issue its promissory note to the
lender in the full amount of the money borrowed,said note to
be due and payable on or before March 31,1959 and to bear
interest at the rate of 3 percent per annum,interest payable
at maturity.
BE IT F1TRT}~R RESOLVED that the Chairman and Secretary of
the District are authorized and directed to sign the aforesaid
promissory note.
BE IT FURTHER RESOLVED that said money be borrowed from
County Sanitation District No.6 of Orange County,California.
The above and foregoing Resolution No.565-2 was regu
larly passed and adopted by the Board of Directors of County
Sanitation District No.2 of Orange County,California,at a
regular meeting of said Board held on the 12th day of November
1958.
~~~
Ora Mae Merritt,Secretary or the
Board of Directors of County Sani
tation District No.2 of Orange
County,California
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STATE OF CALIFORNIA
SS.
COUNTY OF ORANGE
I,OBA MAE MERRITT,Secretary of the Board of Directors
of County Sanitation District No.2 of Orange County,Cali
fornia,do hereby certify that the above and foregoing Resolu
tion No.565-2 was regularly passed and adopted by the Board
of Directors of County Sanitation Distric~t No.2 of Orange
County.,California,at a regular meeting of said Bo3rd held
on the 12th day of Nove~iber 1958,by the following roll call
vote,to wit:
AYES:Directors Howard .M.•Cornwell,Glenn G.Fry,A.A,Hall,
W.A.MacKinnon,~Rayi~iond L.Pound,Rex A.Parks,
Walter W.Walker,Robert Wardlow,Wlllis H.Warner
and Prank 3.Schweitzer,Jr.
NOES:Directors None
ABSENT:Directors None
IN WITNESS WHEREOF,I have hereunto set my hand and affixed
the official seal of County Sanitation District No.2 of Orange
County,California,this 12th day of November,1958.
~—~
Ora Mae.Merritt,Secretary of the Board
of Directors of County Sanitation
District No.2 of Orange County,
California
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