Reso 0587-03/1981 RESOLUTION NO. 587
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SAN MARCOS COUNTY WATER DISTRICT APPROVING
OFFICIAL STATEMENT WITH RESPECT TO BONDS OF
ASSESSMENT DISTRICT NO. 76-2 (MT. WHITNEY)
WHEREAS, the San Marcos County Water District proposes to issue and
sell up to $5,579,759.34 principal amount of bonds pursuant to a resolution
entitled "Resolution of the Board of Directors of the San Marcos County Water
District Providing for the Issuance of Bonds of Said District for Assessment
District No. 76-2 Thereof in a Total Principal Amount Not to Exceed
$5,579,759.34; and
WHEREAS, there has been prepared and presented to this Board of
Directors an official statement with respect to said bonds; and
WHEREAS, this Board of Directors has reviewed the official state-
ment, has made such corrections and additions thereto as it deems proper, and
has determined that the facts set forth therein are true and correct in all
material respects to the best of its information and belief,
NOW, THEREFORE, the Board of Directors of the San Marcos County Water
District HEREBY DOES RESOLVE, ORDER AND DETERMINE that:
SECTION 1. The official statement presented to this Board of Direc-
tors on this date is hereby approved for distribution in connection with the
sale of the afores'aid bonds, in substantially the form presented.
SECTION 2. The President of the Board of Directors, the Secretary
of the District, or either of them, hereby is authorized and directed to
execute the official statement on behalf of the District and, in so doing, to
approve any further corrections and additions thereto (whether by supplement,
amendment, or otherwise as appropriate), provided that any such corrections
or additions shall be necessary to cause the information contained therein to
conform with facts material to the bonds or to the proceedings of this Board
of Directors or provided that such corrections or additions are in form rather
than in substance.
SECTION 3. The President of the Board of Directors, the Secretary
of the District, or either of them, is authorized and directed to cause to be
delivered to the purchaser of the aforesaid bonds a statement that the facts
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Resolution No. 587
contained in the official statement, and any supplement or amendment thereto
(which shall be deemed an original part thereof for purposes of such statement)
were at the time of award of the bonds, and are, as of the date of delivery of
the bonds, true and correct in all material respects and did not, at the date
of the award of the bonds, and do not, as of the date of delivery of the bonds,
contain any untrue statement of a material fact or omit to state any material
fact required to be stated where necessary to make a statement not misleading
in light of the circumstances under which it was made. The person signing the
foregoing described statement shall take such actions, with the aid of the
District's staff, prior to signing a statement, as are deemed necessary or
appropriate to verify the accuracy of the statement.
ADOPTED, SIGNED AND APPROVED this 23rd day of March, 1981, by the
following roll call vote:
AYES: Directors: Holm, Mason, Mahr, Ferguson
NOES: Directors: None
ABSTAIN: Directors: None
ABSENT: Directors: Waller
(SEAL)
ATTEST:
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