HomeMy WebLinkAboutResolution 1965 - 0097RESOLUTION NO.65-97-11
FIXING OUTSTANDING INDEBTEDNESS
A RESOLUTION OF THE BOARD OF DIRECTORS OF COUNTY
SANITATION DISTRICT NO.11,OF ORANGE COUNTY,
CALIFORNIA,FIXING AND DETERMINING THE OUTSTANDING
INDEBTEDNESS OF THE DISTRICT AS OF JUNE 9,1965;
AND DETERMINING THE EFFECT ON THE SEWERAGE SYSTEM
OF THE DISTRICT OF PROPOSED WITHDRAWAL OF TERRITORY
(PORTION OF ANNEXATION #5 -HUNTINGTON HARBOUR)
The Board of Directors of County Sanitation District
No.11,of Orange County,California,does resolve as follows:
WHEREAS,petitions to withdraw certain territories from
County Sanitation District No.11,of Orange County,California,
have been filed with the Board of Supervisors of Orange County,
California;and,
WHEREAS,it is necessary to determine the outstanding
indebtedness of said District as of this date;and,
WHEREAS,the Directors of County Sanitation District No.
11,of Orange County,California,are required to report as to how
said withdrawal from said District will affect the operations of
the sewerage system of the District.
NOW,THEREFORE,the Board of Directors of County Sanita
tion District No.11 does hereby FIND,DETERMINE AND RESOLVE as
follows:
Section 1.That County Sanitation District No.11 has,
as of June 9,1965,the following indebtedness against the funds
of the District:
OUTSTANDING INDEBTEDNESS OF COUNTY SANITATION
DISTRICT NO.11
AS OF JUNE 9,1965
Oper-Accumulated 1951 Bond 1958 Bond Total
ating Capital Interest &Interest &Fixed
Fund Outlay Fund Sinking Fund Sinking Fund Indebtedness
None $66,544.08 $304,000.00 $1,315,000.00 $1,685,544.08
Section 2.That the total outstanding indebtedness for
said County Sanitation District No.11 as of June 9,1965,is One
Million,Six Hundred Eighty-Five Thousand,Five Hundred Forty-Four
Dollars and Eight Cents ($1,685,544.08).
Section 3.That the proposed withdrawal of territory
described in the withdrawal petition filed with the Board of
Supervisors of Orange County,California,on June 2,1965,will
not be materially detrimental to the operation of its sewerage
system as now owned and operated by the District.
Section )4•That the territory proposed to be withdrawn
from the District is not benefited by any services performed by
the District,and the territory referred to was annexed to the
District after the bonded indebtedness was incurred.
STATE OF CALIFORNIA
sS.
COUNTY OF ORANGE
I,FRED A.HARPER,Secretary of the Board of Directors
of County Sanitation District No.~j ,of Orange County,Cali
fornia,do hereby certify that the above and foregoing Resolution
No.65~.97-11 was regularly passed and adopted at a regular
meeting of said Board on the 9th day of June
,196 5,by
the following vote,to wit:
AYES:Directors Lambert and Hirstein
NOES:None
ABSENT:Director Stewart
IN WITNESS WHEREOF,I have hereunto set my hand and affixed
the official seal of County Sanitation District No.11 ,
of Orange
County,California,this 9th day of
,1965
Fred A.Harper,Secretary,
Board of Directors of County Sanitation
District No.~,of Orange County,
Calif ornia