Reso 0142-12/1960 RESOLUTION NO. 142
RESOLUTION OF THE BOARD OF DIRECTORS OF
THE SAN MARCOS COUNTY WATER DISTRICT
AUTHORIZING SECRETARY - AUDITOR TO
NEGOTIATE A LOAN WITH THE FIRST-NATIONAL
BANK OF VISTA.
BE IT RESOLVED by the Board of Directors of the San Marcos County
Water District as follows:
WHER~S, San Marcos County Water District has entered into agree-
ment with the State of California, Division of Highways for the relo-
cation of certain District facilities, and
WHEREAS, said agreement proveds the Sate of California will repay
to San Marcos County Water District the amount of money expended by the
District in accordance with said agreement, and
WHEREAS, the Board of Directors of San Marcos County Water District
deem it desirable and necessary to negotiate a loan to finance the terms
of said agreement.
NOW. THEREFORE. the Secretary - Auditor of the District he and
hereby is authorized and directed to negotiate with the First-National
Bank of Vista for a loan in amount $42,000 (Forty Two Thousand Dollars)
for a period of 60 (sixty) days.
ADOPTED, SIGNED AND APPROVED this 23rd day of December, 1960.
President of the Board of Directors
of the San Marcos County Water District
ATTEST:
Secretary of the Board of Directors
of San Marcos County Water District
SEAL