HomeMy WebLinkAboutResolution 1958 - 0568RESOLUTiON NC.568-7
~RESOLUTION OF THE BOARD OF DIRECTORS OF
COUNTY SANITATION DISTRICT NO.7 OF ORANGE
COUNTY CALIFORNIA AUTHORIZING TEMPORARY
PORRO1:~TfNG UNDER TH~PROVISIONS OF GO\TERN
MENT CODE SECTIONS 53850 THROUGH 53855
INCLUSIVE.
WHEREAS,it is anticipated that County Sanitation District
iD.7 of’Orange County,California,will need to borrow the
Dun of $9,000.00 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,
WHEREAS,the Auditor and Treasurer of the District have
r~ecommended and approved the aforesaid borrowing in accordance
with the provisions of’Section 53851 of the Government Code:
NOW,THEREFORE,FE IT RESOLVED that the District borrow
the sum of ~9,0O0.O0 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 anni~m,interest payable
at maturity.
FE IT FURTHER RESOLVED that the Chairman and Secretary
of the District are authorized a~nd directed to sign the afore
said promissory note.
BE IT FURTHER RESOLVED that said money be borrowed fron~
County Sanitation District No.6 of (range County,California.
The above and foregoing Resolution No.568-7 was regu
larly passed and adopted by the Board of Directors of County
Sanitation District No.7 of Orange County,California,at a
regular meeting of said Board held on the 12th day of November
1958.
Ora Mae Merritt,~3ecretary of the
Board of Directors of’County Sani
tation District No.7 of Orange
County,California
—1—
~TATE OF CALIFORNIA
Ss~
COUNTY OF ORANGE
I,ORA MAE MERRITT,Secretary of ths Board of Directors
of County Sanitation District No.7 Of Orange County,Cali
fornia,do hereby certify that the above and foregoing Resolu
tion No.568...7 ~as regularly passed and adopted by the Poard
of iir~ctors of County Sanitation District No.7 of Orange
County,California~at a regular meeting of said Poard held
on the 12th day of November 1958,by the following roll call
vote,to ~iit:
AYES:Directors Charles E,Hart,A.A.Hall,Rex A.Parka,
A.H.Meyers,Willis H.Warner arid Jerome KIdd.
NOES:Directors None
ABSENT:Directors None
IN ~JITNESS WHEREOF,I have hereunto set my hand and affixed
the official seal of County Sanitation District No.7 of Orange
County,California,this 12th day of November,1958.
~
Ora Mae Merritt,Secretary of
The Board of Directors
Of County Sanitation District No.7
Of Orange County,California
-2-