HomeMy WebLinkAbout1959-11-12 - Board of Directors Meeting MinutesNovember 12, 1959
32
V
The regular meeting of the Board of Directors of the Yorba Linda County Water
District was called to order at the office of the District on November 12, 1959
at the hour of 7:00 P.M. by President Crist. All Directors were present and
answered the roll call. Also presentwere H. Rodger Howell, attorny, Mr. Sid
Lowry and Mr. Milo Keith of Lowry and Associates.
Upon a motion by Director Clodt, seconded by Director Wagner, and unanimously
carried the minutes of October 14, 1959 were approved as read.
1
1
The finance committee presented and recommended payment of bills against the
District in the amount of $709.47. A motion was made by Director Clodt, se-
conded by Director Milmoe and carried that the audited bills be paid.
President Crist reported for the committee appointed to assist in the purchase
of office equipment, and stated that two Stenocord dictating and transcribing
machines and one American Photocopy copying machine had been pruchased.
A,letter from Stone and Youngberg was read advising the retention of a reliable
agency to act as a paying agent for interest and principal on the bond issue
to be sold. A letter was also read from the Corporate Trust Division of the
Bank of America suggesting wording to be used on the bonds and coupons when
printed.
An agreement was presented from the Bank of America offering to act as paying
agent for the District for fees of $1.25 per bond and five cents for each in-
terest coupon honored at maturity. After thorough discussion a motion was
made by Director Wagner, seconded by Director Hastings and unanimously carried
that the Bank of America be appointed as paying agent for the District, and
that the President and Secretary-Auditor be authorized to sign the agreement.
Mr. Howell reported that he and Mr. Dahl had been working with a Title Company
on descriptions of property, easements and rights of way squired by the Yorba
Linda Water Co. over the past fifty years. Mr. Howell stated that it was his
opinion that the Title Company would agree to furnish a litigation title re-
port that would guarantee the title of all property involved in the contemplated
validation suit. A motion was made by Director Wagner, seconded by Director
Hastings and carried that Mr. Howell be authorized to obtain the report from
the Title Company if he found it necessary for the court proceedings.
Mr. Lowry and Mr. Keith presented to the Board two alternate preliminary
reports for a master sewer plan for the District. The plans were explained,
analyzed, and discussed and it was agreed that an attempt would be made to
reach a final decision on the proper plan by November 17, 1959•
An ecnomic comparision of natural gas engines versus electric motors for pump-
ing equipment by James Montgomery was presented to the Board for study. After
discussion a motion was made by Director Hastings, seconded by Director Clodt
and unanimously carried that James Montgomery be instructed to proceed with
plans for gas engines for plant one, and for electric motors for plant three.
It was agreed that further study should be given to the choice of power for
plant two.
On a motion made by Director Clodt, seconded by Director Hastings and carried
the meeting was adjourned to 3:00 P.M. Tuesday November 17, 1959•
Secre ary Auditor