HomeMy WebLinkAbout1977-09-21 - Resolution No. 77-27•
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RESOLUTION NO. 77-27
RESOLUTION OF THE BOARD OF DIRECTORS OF THE YORBA LINDA COUNTY
WATER DISTRICT CONCERNING APPROVAL OF DESTRUCTION OF PAID OR
CANCELLED BONDS OR COUPONS UNDER CONDITIONS FIXED BY AUDITOR
OF DISTRICT
WHEREAS, California Government Code Section 53921 authorized the Treasurer
of a municipal corporation District, with the approval of the legislative
body, to fix conditions for the destruction or cremation by the fiscal agent
of any or all bonds and any or all coupons pertaining thereto which have
been previously paid or cancelled, and
WHEREAS, the Bank of America, Trust No. 77131, is fiscal agent for Yorba
Linda County Water District and has offered to provide to the District a
destruction service for paid bonds and coupons at no additional cost, and
WHEREAS, the Auditor of the District as the District's treasurer, has deter-
mined that it is in the interest of the District to enter into such an
arrangement with the Bank,
It is THEREFORE RESOLVED that the Auditor is authorized and directed to
fix terms and conditions necessary to accomplish the destruction or
cremation of any or all bonds and any or all coupons pertaining thereto
which have been previously paid or cancelled and to execute an appropriate
agreement with the Bank of America to accomplish such destruction or cre-
mation by the Bank of America at no cost to the District.
Passed and adopted this 21st day of September '77by the following called
vote:
Ayes: Directors Clodt Lindow and Korn
Noes: None
Absent: Directors Wagner and Knauft
President
Yorba Linda County Water District
ATTEST:
Secretary
Yorba Linda County Water District