Reso 0027-07/1956 RESO:LUTION NO. [7
RESOLUTION OF THE BOARDD OF DIRECTORS OF THE SAN MARCOS
COUNTY WATER DISTRICT ESTIMATING THE MINIMUM AMOUNT OF
MONEY REQUIRED TO BE RAISED BY TAXATION FOR THE FISCAL
YEAR 1956-1957 TO PROVIDE FOR THE PAYMENT OF INTEREST
ON ITS BONDED DEBT AND CLAIMS AGAINST THE DISTRICT AND
EXPENSES TO HE INCURRED BY THE DISTRICT.
BE IT RESOLVED by the Board of Directors of the San Marcos
County Water District as follows:
WHEREAS, the Board of Directors of the San Marcos County Water
District is required to furnish the Board of Supervisors of the County of
San Diego, and the County Auditor of said County, with a statement containing
the information, facts and estimates required by Section 31701 of the Water
Code of the State of California, and
WHEREAS, San Marcos has heretofore inourred a bonded debt in the
principal amount of $998,000 for the benefit of the whole district and the
district will be required to make payments of interest on said bonded debt,
during the present fiscal year, and
WHEREAS, this Board of Directors has heretofore caused a study to
be made of the revenues which will be received by San Marcos during this fiscal
year, the expenses that will be incurred and the claims which will have to be paid
during said period, and it is apparent that it is going to be necessary to levy
taxes on all of the taxable property within the District to provide for the payment
of interest on the District's bonded debt and claims against and expenses incurred
by the District.
NOW, THEREFORE, The Board of Directors of the San Marcos County Water
District states, finds, determines and orders that:
SECTION I: That in the Judgment af the Board of Directors of the
San Marcos County Water District the revenues of said District for the fiscal
year 1956-1957 are likely to be inadequate to pay the interest on its bonded
debt, the expenses of the District and claims against the District that will be
incurred and fall due during this fiscal year,
SECTION II: That it is estimated that the minimum amount of money
required for the payment of interest on the bonded debt ef the San Marcos County
Water District as it becomes due is $30,000,
SECTION III: That the whole San Marcos County Water District was
benefited by incurring said bonded debt,
SECTION IV: That it is estimated that the minimum amount of money
required by the San Marcos County Water District for all other expenses of, and
claims against the San Marcos County Water District is $25,000,
SECTION V: That the statement required by 31701 of the Water Code
of the State of California be furnished to the Board of Supervisors and the
Auditor of the County of San Diego on or before the 16th day of July, 1956.
DATED: July 13, 1956
STATEMENT OF THE BOARD OF THE SAN MARCOS COUNTY
WATER DISTRICT, A COUNTY WATER DISTRICT ORGANIZED UNDER THE
COUNTY WATER DISTRICT LAW, FURNISHED PURSUANT TO THE REQUIRE-
MENTS OF SECTION 31701 OF THE WATER CODE OF THE STATE OF CALIFORNIA.
To the Honerable Board of Supervisors of the County of San Diego, and
to J. C. Perrige, as Auditor for said County;
The Board of Directors of the San Marcos County Water District, pursuant
to the Water Provisions of Sections 31701of the Water Code of the State of California,
hereby furnishes you, and each of you, with the following estimates and statements.
A. The minimum amount of money required for the payment of the
principal and interest on the bonded debt of the San Marcos
County Water District, as it becomes due, is estimated to be
$ 30,000.
B. That the whole San Marcos County Water District was benefited
by insurring said bonded debt.
C. That minimum amount of money required by the San Marcos
County Water District for other expenses and claims against
the District is estimated to be $25,000.
D. The San Marcos County Water District has not by Ordinance
or otherwise declared that Chapter Two of Part Seven, of
Division Twelve, of the California Water Code, shall not be
operated with respect to the San Marcos County Water District
and has never elected to proceed under Chapter Two, Part Seven,
Division Twelve, of said Water Code.
E. That a copy of the Resolution of the Board of Directors of
San Marcos County Water District determning that in the
judgment of said Board the revenues of the District will
likely be inadequate to pay the interest on the District's
bonded debt, and the expenses to be incurred by the District, and
claims against the District as they become due is attached hereto,
as Exhibit A.
To the Honerable Board of Supervisors of the County of San Diego, and to
J. C. Perrige, as Auditor for said County - - - page 2
BOARD OF DIRECTORS of the
SAN MARCOS COUNTY WATER DISTRICT
BY_________________________________
Director
BY_________________________________
Director
BY_________________________________
Director
BY_________________________________
Director
BY_________________________________
Director
DATED: July 13, 1956
Anna D, Charlton July 16, 1956
Gentlemen
Attached please find Statement of the Board of Directors of
the San Marcos County Water District containing the information,
facts and estimates required by Section 31701 of the Watar Code
of' the Stata of California.
The minimum amount ot money roquired for the payment of principal
and interest on the bonded debt, as it becomes due, is estimated
to be $30,000, and the minimum amount of money required for other
expenses and claims against the San Marcos County Water District
is estimated to be $25,000, thereby making a total of $55,000 which
would be required.
We are also enclosing a copy of Resolution No, 27 adopted by the
Board of Directors July 13, 1956, at an adJourned regular meeting
held in the Rich-Mar School, Encinitas Road, San Marcos, California.
Very truly yours,
SAN MARCOS COUNTY WATER DISTRICT
ac
Encls.
cc-W.B. Dennis
E.A. Emerson
Anna
J. 0. Perrigo, Auditor & Controller
County of San Diego
1~00 Pacific Highway
San Diego, California
Gentlemen
Attached please find Statement of the Board of Directors of
the San Marcos County Water District containing the information,
facts and estimates required by Section 31701 of the Watar Code
of' the Stata of California.
The minimum amount ot money roquired for the payment of principal
and interest on the bonded debt, as it becomes due, is estimated
to be $30,000, and the minimum amount of money required for other
expenses and claims against the San Marcos County Water District
is estimated to be $25,000, thereby making a total of $55,000 which
would be required.
We are also enclosing a copy of Resolution No, 27 adopted by the
Board of Directors July 13, 1956, at an adJourned regular meeting
held in the Rich-Mar School, Encinitas Road, San Marcos, California.
Very truly yours,
SAN MARCOS COUNTY WATER DISTRICT
ac
Encls.
cc-W.B. Dennis
E.A. Emerson