HomeMy WebLinkAbout1968-05-15; Municipal Water District; Resolution 222RESOLUTION NO. 222
RESOLUTION OF THE BOARD OF DIRECTORS OF CARLSBAD MUNICIPAL WATER DISTRICT FINDING THAT Tm DISTRICT SECURITIES INVESTIGATION LAW OF 1965 DOES NOT REQUIRE APPROVAL BY THE CALIFORNIA DISTRICTS SECURITIES COMMISSION OF BONDS OF SAID DISTRICT DESIG- NATED "BONDS OF CARLSBAD MUNICIPAL WATER DISTRICT FOR IMPROVEMENT DISTRICT NO. 2, ELECTION 1957, SERIES 3."
WHEREAS, the District Securities Investigation Law
of 1965 (Government Code, Sections 58750-58761) is
applicable to bond issues of Carlsbad Municipal Water District
or any improvement district thereof; and
WKEREAS, the Board of Directors of said District
has heretofore adopted its Resolution No. 22n providing
for the issuance of bonds of its Improvement District No. 2
in the total principal amount of $125,000, said bonds being
designated "Bonds of Carlsbad Municipal Water District for
Improvement District No. 2, Election 1957, Series 3"; and
WHEREAS, said Board has also adopted Resolution
No. 221 providing for the sale of said bonds on June 5, 1968;
NOW, THEREFORE, the Board of Directors of Carlsbad
Municipal Water District DOES HEXEBY FIND, RESOLVE, DETEFWINE
AND ORDER as follows:
Section 1. That the issuance of said bonds
designated "BONDS OF CARLSBAD MUNICIPAL WATER DISTRICT
4 FOR IMPROVEMENT DISTRICT NO. 2, ELECTION 1957, SERIES 3,
_- is not subject to prior investigation, report and
approval by the California Districts Securities Commission
for the reason that the sum of the following does not
..i 1 I .fl ' .. exceed two hundred percent (200s) of the assesaed value
1. of real property within said Improvement District
No. 2
1. Said Improvement District's share of
e
1 outstanding bonded Indebtedness of
Carlsbad Municipal Water District
District (such share being in the proportion
that the assessed value of real property
within said Improvement District bears to
the
the
assessed value of real property wi.thin
entire District); and
2. Outstanding bonds of Improvement
District No. 2 ; and
3. Bonds proposed to be issued and to
be sold pursuant to said Resolution
Nos. 220 and 221 .
Section 2. That the Secretary'of this Board
is hereby authorized and directed to file a certified
copy of this resolution with the California Districts
Securities Commission at least 14 days prior to the
2.
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STATE OF CALIFORNIA
corny OF SAN DIEGO
1, William Carmichael Secretary of the
Board of Directors of
sopted by the Board of Mrectors of said District at a regular meeting of said Board
was so adopted by the folloxng vote: 19~, and that it - held on the v
McLeod. we
NOES : Di#ctors None
ABSENT: Directors None I
Secretary of Carlsbad Water Dis t ri e t and of th e Board of Di rectors thereof 1
I
proposed date of sale herein.
ADOPTED, SIGNED AND APPROVED this 15uday of
1968 May -
Pres qafq* den o t 9 Boar o
Directors of Cdrlsbad Municipal Water District.
ATTEST :
y of the Board of Directors of Carlsbad Municipal Water District.
.
3.