Reso 0125-08/1960RESOLUTION NO. 125
RESOLUTION OF THE BOARD OF OF
THE SAN MARCOS COUNTY WATER DISTRICT ESTIMATING
THE MINIMUM AMOUNT OF MONEY REQUIRED
TO BE RAISED BY TAXATION FOR THE FESCAL
YEAR 1960-1961 TO PROVIDE FOR THE PAYMENT
OF INTEREST AND PRINCIPAL ON ITS BONDED
DEBT AND CLAIMS AGAINST THE DISTRICT AND
EXPENSES TO BE INCURRED BY TEH DISTRICT.
BE IT RESOVED 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 incurred 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 and the principal 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 and principal 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 of the Board of Directors
of the San Marcos County Water District the revenues of said
District for the fiscal year 1960-1961 are likely to be inade-
quate to pay the interest and principal 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 and
principal on the bonded debt of the San Marcos County Water
District as it becomes due is $48,302.50.
SECTION III: That the whole San Marcos County Water
District was benefited by insurring 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 $41,697.50.
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 August, 1960.
DATED: August 1, 1960
STATE OF CALIFORNIA
SS
COUNTY OF SAN DIEGO
I, Anna D. Charlton, Secretary of the Board
of Directors of San Marcos County Water District DO HEREBY
CERTIFY, that the foregoing resolution No. 125 was duly
adopted by the Board of Directors of said district at a
regular meeting of said Board held on the 1st day of August,
1960, and that it was so adopted by the following vote:
AYES: Directors Blanchard, Dodds, Mahr, Smith, and Trussell
NOES: Directors, None
ABSENT: Directors None
Secretary of San Marcos County
Water District and of the Board
of Directors thereof.
SEAL
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO SS
I, Anna D. Charlton, Secretary of the Board
of Directors of San Marcos County Water District, DO HEREBY
CERTIFY, that the above and foregoing is a full, true and
correct copy of Resolution No. 125 of said Board, and that
same has not been amended or repealed.
DATED: August 2, 1960
Secretary of San Marcos County
Water District and of the Board
of Directors thereof.
SEAL
STATEMENT OF THE BOARD OF DIRECTORS OF
THE SAN MARCOS COUNTY WATER DISTRICT,
A CONTY WATER DISTRICT ORGANIZED UNDER
THE COUNTY WATER DISTRICT LAW, FURNISHED
PURSUANT TO THE REQUIREMENTS OF SECTION
31701 OF THE WATER CODE OF THE STATE OF
CALIFORNIA.
To the Honorable Board of Supervisors of the County of
San Diego, and to J.C. Perrigo, as Auditor for said
County:
The Board of Directors of the San Marcos County Water
District, pursuant to the Water Provisions of Section 31701
of 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 moneyrequired 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 $48,302.50.
B. That the whole San Marcos County Water District was
benefited by incurring said bonded debt.
C. That the minimum amount of money required by the San Marcos
County Water District for other expenses
and claims against the District is estimated to be
$41,697.50.
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.
To the Honorable Board of of Supervisors of the County of
San Diego and to J.C. Perrigo., as Auditor for said .County
E. That a copy of the Resolution cf the Soard of
Directors of San Marcos County Water District
determining that in the Judgment of said Board
the Revenues of the District will likely
inadequate to pay the interest and principal
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.
BOARD OF DIREOTiS OF
SAN MARCOS COUNTY WATER DISTRICT
...
DATED: August 1, 1960