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Reso 0431-07/1976 RESOLUTION NO. 431 RESOLUTION OF THE BOARD OF DIRECTORS OF THE SAN MARCOS COUNTY WATER DISTRICT, DESIGNATING THE SUPERINTENDENT OF STREETS TO COLLECT AND RECEIVE ASSESSMENTS AND DIRECTING THE DISTRICT TREASURER TO ESTAB- LISH A SPECIAL FUND FOR Assessment District No. 75-1 (North Twin Oaks) WHEREAS, by Resolution No. 427 of the San Marcos County Water District this Board of Directors confirmed an assessment on lands lying within Assessment District No. 75-1, (North Twin Oaks), and ordered a report, assessment and diagram recorded in the office of the Superintendent of Streets; and WHEREAS, it appears that the Superintendent of Streets is covered by a blanket fidelity bond covering the faithful per- formance of his duties imposed by law in an amount deemed by this Board of Directors to be adequate; and WHEREAS, under the provisions of Section 10424 of the Cali- fornia Streets and Highways Code funds collected pursuant to an assessment under the Municipal Improvement Act of 1913 are required to be paid to the District Treasurer and placed in a special fund designated by the name of the improvement proceeding: NOW, THEREFORE, the Board of Directors of the San Marcos County Water District, HEREBY DOES RESOLVE, DETERMINE AND ORDER as follows: Section 1. There is hereby created a special fund to be known as the "Assessment District No. 75-1, North Twin Oaks Fund". Section 2. The Superintendent of Streets is hereby designated to collect and receive all funds paid on account of the assessment levied upon lands in Assessment District No. 75-1, North Twin Oaks, either upon voluntary payment or as the result of sales. -1- STATE OF CALIFORNIA ) ) ss. COUNTY OF SAN DIEGO ) I, JAMES F. McKAY, Secretary of the Board of Directors of San Marcos County Water District, do hereby certify that the foregoing resolution was duly adopted by the Board of Directors of said District at an adjourned regular meeting of said Board duly held on the 28th day of July, 1976, and that it was so adopted by the following vote: AYES: DIRECTORS: Michel, Vanderbeck, Dow, Mahr, Blanchard NOES: DIRECTORS: None ABSENT: DIRECTORS: None Secretary of the Board of Directors SAN MARCOS COUNTY WATER DISTRICT (SEAL) Section 3. The Superintendent of Streets is hereby directed to pay to the District Treasurer and the District Treasurer is directed to place all funds so received by her in the aforesaid Assessment District No. 75-1, North Twin Oaks. Section 4. This Board of Directors finds that the fidelity bond presently held by the San Marcos County Water District, covering the faithful performance by the Superintendent of Street and the District Treasurer of the duties imposed upon them by law is adequate. ADOPTED, SIGNED AND APPROVED this 28th day of July, 1976. SAN MARCOS COUNTY WATER DISTRICT ( SEAL ) ATTEST: ~~ COU~ER DISTRICT ~ tary of the rd of Directors -2-