HomeMy WebLinkAboutResolution 1958 - 0566F~ESOLiJTION NO.5C6—3
A RESOLUTION OF THE BOARD OF DIRECTORS OF
COUNTY SANITATION DISTRICT NO.3 OF ORANGE
COUNTY,CALIFORNIA AUTHORIZING TEMPORARY
BORROTTING UNDER TH~PROVISIONS OF GOVERN
MENT CODE SECTIONS 53850 THROUGH 53855
INCLUSIVE.
~THEREAS,it is anticipated that County Sanitation District
No.3 of Orange County,California,will need to borrow the
sum of $12,500.00 to meet current obligations likely to become
due before January 1,1959,before taxes for 1958—1959 will be
received by the District;and,
WHEREAS,said sum is less than 85 percent of the revenue
anticipated from taxes for the current fiscal year,which taxes
have not been collected at this time;and,
~rHEREAS,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,THEREFORE,RE IT RESOLVED that the District borrow
the sum of $12,500.00 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 FURTHER 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.566-3 was regu
larly passed and adopted by the Board of Directors of County
Sanitation District No.3 of Orange County,California,at a
regular meeting of said Board held on the 12th day of November
1958.
~
OraMae Me?ritt,Secretary ~f the
Board of Directors of County Sani
tation District No.3 of Orange
County,California
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STATE OF CALIFORNIA )
)SS.
COUNTY OF ORANGE )
I,OR~MAE MERRITT,Secretary of the Board of Directors
of.OQunty Sanitation.District No.3 0!Orange County,:Cali~
fornia,do hereby certify that the above and foregoing Resolu
S tion No.566-3 was regularly passed and adopted by the Board
of Directors of Coi~nty Sanitation District No.3 bf Orange
County,~California,at a regular meeting of said ~pard:held
on the 12th day of N~ovember 1958,by the following roll call
vote,to wit:
M~ES:DireQtQrs Thomas Baro].di,Herbert Cook,John R.~2flham,:
Glenn G.Fry,Paul C.Furman,Earl T.Irby,Jim~~Kanno,
W.A.MacKinnon,W.A.Peak,Fra~k J.Schweitzer,Jr.,
Walter W.Walker,Willis H.Warner and.Howard N.~ornwe1l
NOES;Directors None
ABSENT:Directors None
IN WITNESS WHEREOF,I have hereunto set my hand and affixed
the official sea].of County Sanitation Distt’~ct No.3~of Qrange
County,Califàx~iia,this 12th da~r of November,1958.
Ora ~e Mer~itt,Secretary of the
Board of Directors of County
Sanitation District No.3 of
Orange County,California
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