Reso 0605-06/1981 RESOLUTION NO. 605
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SAN MARCOS COUNTY WATER DISTRICT, CALIFORNIA,
APPROVING AND AUTHORIZING THE EXECUTION OF
A FINAL OFFICIAL STATEMENT AND PURCHASE CONTRACT
AND THE EXECUTION AND DELIVERY OF BONDS PURSUANT
THERETO IN CONNECTION WITH ASSESSMENT DISTRICT
NO. 76-2 (MT. WHITNEY)
WHEREAS, this Board of Directors has heretofore adopted a
resolution entitled "Resolution of the Board of Directors of
the San Marcos County Water District, California, Repealing
Resolution No. 586 and Providing for the Issuance of Improve-
ment Bonds of Said District for Assessment District No. 76-2
Thereof in a Total Principal Amount of $5,579,759.34"; and
WHEREAS, in connection therewith, a purchase contract dated
June 29 has been presented to this Board of Directors pursuant
to which the aforesaid bonds would be purchased by the several
underwriters identified in Schedule I thereto; and
WHEREAS, this Board of Directors wishes to approve such
sale of said bonds and to approve an official statement with
respect :hereto,
NOW, THEREFORE, the Board of Directors of the San Marcos
County Water District DOES HEREBY RESOLVE, DETERMINE and ORDER
as follows:
SECTION 1. The proposed form of Purchase Contract, dated
June 29 and presented at this meeting, and the sale of the
bonds identified therein pursuant thereto are hereby approved;
and the President of the Board of Directors is hereby author-
ized and directed to evidence the District's acceptance of the
offer made by said Purchase Contract by executing and deliver-
ing said Purchase Contract in substantially said form.
SECTION 2. The Secretary and the Auditor of the District
are hereby authorized and directed to execute, in the name and
on behalf of the District and under its seal, the bonds
described in said Purchase Contract, all as provided for in the
aforesaid resolution authorizing the issuance of said bonds.
The Auditor is further authorized and directed to deliver said
bonds in accordance with the provisions of the Purchase Con-
tract upon receipt of the purchase price therefor specified in
the Purchase Contract.
SECTION 3. The proposed form of final official statement
presented at this meeting to be used in connection with the
offer and sale of said bonds is hereby adopted and approved,
and the President of the Board of Directors and the Secretary
are hereby authorized and directed to execute and deliver the
same as the final Official Statement of the District with such
changes as said officers shall approve, such approval to be
conclusively evidenced by the execution and delivery thereof.
The prior distribution of the preliminary Official Statement is
hereby ratified and approved.
SECTION 4. The officers of the District are hereby author-
ized and directed, jointly and severally, to do any and all
things and to execute and deliver any and all documents which
they may deem necessary or advisable in order to consummate the
issuance, sale and delivery of the aforesaid bonds and other-
wise to effectuate the purposes of this resolution, and such
actions previously taken by such officers are hereby ratified
and approved.
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ADOPTED, SIGNED AND APPROVED this 29th day of June, 1981 by
the following vote:
AYES: DIRECTORS: Holm, Waller, Mason, Mahr, Ferguson
NOES: DIRECTORS: None
ABSENT: DIRECTORS: None
~res'aan~g~ater Distri
o~Directors,ct
(SEAL)
ATTEST:
cos County
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~f STATE OF CALIFORNIA )
) ss.
~.n COUNTY OF SAN DIEGO )
e I, JAMES F. MCKAY, Secretary of the San Marcos County Water
, Z District, California, DO HEREBY CERTIFY that the foregoing is a
~ full, true and correct copy of Resolution No. ~y'9~'~of the
Board of Directors of said District, and that the same has not
z been amended or repealed.
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(SEAL)
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