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10/27/1938 - Minutes FIFTH REGULAR METING + +- REGULAR MEETING, October 27, 1938: The regular monthly meeting of the Board of Commissioners of Tigard Water District, Washington County, Oregon, was held at the Old Auditorium,f tzt/Ic2 0', Tigard, at 7:30 P.M., October 27, 1933. Present: Chairman Johnson, and Commissioners Leslie, Vincent, and Lewis . Minutes of meeting of September 22, 1938, approved. State Industrial Accident Commission: Workmen's Compensation Statute. --Ordered accepted. Tigard Yater Company-- Bil1 of sale of the company's system, accepted, and payment in full, 3500, ordered. F.so , U. 3. National Bank: Resolution confirming appointment of the United States National Bank of Portland, Oregon, as paying agent for the District for the payment of bond coupons and principal, as hereto attached. --- Carried. Note to First Bank of Tigard, dated August 19, 1918, paid, cancelled. --- Filed. Public Liability and Property Damage Policy, P.M. 1592f, Metropolitan Casualty Ins. Co. --- Approved and filed. Bills audited and payment approved: (L0-12) WPA Dist 18 Pac States C-I Pipe Co 6-3" gate valves at 11.54 67.86 --- First Bank of Tigard Note $100; int 70c --- -- 100.70 20 Teal,.1infree,McCulloch Shuler & Kelley Incorporation opinion --- -- 100.00 21 OregontateHgwy Comm Blue Prints of new roads 2.05 --- ® 22 Irwin Hodson Co Printing bonds #1/40,440,00082.50 --- 23 Henry Tymer Co., Inc Mapping materials 3.05 --- -- (10-22) 24 Pac States C-I Pipe Co Inv 10-15 less 4244.77 & 2% 1189.93 --- -- (10-27) 25 Consolidated Sup Co WPA materials 6452.38 --- -- 26 FI.Tymer Co Inc Mapping materials 15.60 --- -- 27 Union Oil Co Kerosene 7.43 --- -- 28 F.Stedman Rent 9-18 to 10-18 5.00 --- -- 29 Void ___ __ _-_ _- 30 Arise Sery Sta Gasoline and Kerosene 9.08 --- -- 31 C.K.Cartcr a/c engineer'g-supervis.WPA 1000.00 --- -- 32 G.C.Johnson a/c legal serv. 500; paid coun- ty clerk for cert.copies,sien- ers, 1.40; paid c.clerk trans- cript part of proceedings 4505.40 --- -- 33 Tigard ,Water Company In full far their water system complete 3500.00 --- -- �., 34 Tigard Lumber Co WPA materials 14.36 --- -- '1 35 Tigard Ael Co Fuel--dPA 5.50 --- - • - * 36 Wm. Arise 2 wrenches 4.00 --- -- 37 G.f:.'Sood Hauling tools 3.00 --- -- Amer 38 Consolidated Sup Co Materials ' 843.91 --- 39 Void --- _-_ _ 40 Wfl.M.Evans Idn. premium PI&PD policy 192.50 --- Total bills paid $13903.55 200.70 Tax levy: Pursuant to notice, a public hearing was held on the tax budget adopted b* the Tax Budget Committee. Thereafter, the following resolution was adopted: TIGARD WATER DISTRICT d Washington County, Oregon TAX BUDGET - 1939 1938 1939 First Last 6 mo. 6 mo. Budget REVENUES: Cash on hand, 1/1 ---- -- ---- -- -- Water Revenues ---- -- 180 00 1440 00 Installations ---- -- 400 00 400 00 Miscellaneous 100 00 (a) 40382 44 ---- Taxes -___ -_ __ 2300 00 TOTALS 100 00 40962 44 4140 00 DISBURSEMENTS: Water Cost ---- -- 320 00 1100 00 rumpe Operation ---- -- 150 00 600 00 Office, Elections, etc. 100 00 50 00 200 00 Maintenance ---- -- 100 00 200 00 Miscellaneous ---- -• 80 00 ---- TOTALS 100 00 700 00 2100 00 Installations ---- -- 400 00 400 00 Construction -- -- 39000 00 ---- •- Debt Payments, Int. 1450 00 Emergency Fund ---- -- 862 44 190 00 Balance, 12/31 ---- -- ---- -- ---- TOTALS 100 00 40962 44 4140 00 (a) BOND PROCEEDS: Principal, $40,028.00, Accrued Interest, $354.44, Total, $40,382.44 BONDS OUTSTANDING: $20,000 at 3-3/4%, $20,000 at 3-1/2%, Total $40,000. TAX LEVY FOR YEAR 1939: SAS, we, the Board of Commissioners of Tigard Water District, Washington County, Oregon, heretofore duly appointed a tax budget committee, which committee prepared and certified the above tax budget, and we, after due notice given, held a public meeting for the discussion thereof, as by law required, now, therefore, BE IT RESOLVED, that the above tax budget for the year 1939 is hereby adopt- ed, and, based thereon, this Board hereby levies a tax upon all property taxable for District purposes, for the year 1939, of fourteen hundred fifty dollars for debt purposes and eight hundred fifty dollars for general purposes, a total of twenty-three hundred dollars, to be levied, assessed and collected upon the tax roll of said county for the year 1939. And the Secretary is hereby directed, to furnish a true copy hereof to the County Clerk and the County Assessor, and to do all things necessary to carry out the purpose hereof. PASSED, October, 27, 1938 BOARD OF COMMISSIONERS, TIGARD WATER DISTRICT, Emil A. Johnson, Chairman, (( ( Seal ) ) ) G. M. Leslie, Secretary. A true copy G. M. Leslie, Secretary Tigard Water District TIGARD - 1939 Alow Whereas, Tigard Water District of Washington County, Oregon. a municipal corporation under the laws of the State of °regon, has out- ' standing a bond issue described as follows: Name of Issue - Tigard Water District Bonds: Serial numbers - 1/40 inclusive Date of issue - 7/1/38 Interest rate - 1-20 inclusive at 33/4 per cent No' s. 21-40, 3i per cent Maturities - yearly on January 1, 1945/65 inclusive as follows: 1 '1, 1945/54, $ 1000 per yr., total, $ 10,000.00 " " 1955/59, 2000 " " ° 10,000.00 t' " 1960/64, 3000 " " " 15,000.00 " " 1965 5000 " " n 5,000.00 Total $ L}0,o0o.e0 Callable - No • Amount authorized and issued -840,000.00 vow Total outstanding as of 9/29/38 - 840,000.00 Tax Exempt- Yes Reported stolen or lost - None accompanied by outstanding• coupons with the following Due dates - January 1st and July 1st Amounts - from bonds No' s. 1-20 inclusive, $18.75 each; from No's 21-40 inclusive, $17.50 each Now, Therefore, Be It Resolved,that the United States Naticral Bank of Portland, TOregon), Coupon Department, is hereby employed to act as the raying agent of this body and the * officers of this body is hereby authorized, from funds in the treasury of this corp- oration, seasonably in advance of the due date of the courons and bonds pay- able at the times above set forth, to remit by check to said The United States National Bank of Portland (Oregon), Coupon Department, the full amount nec- essary to pay coupons and/or principal of bonds next maturing, together with the additional sum of 2% of the face value of the said coupons and 1/2% of the face value of the said bonds, as and for the compensation of said bank for performing such service. Said bank is thereupon authorized to pay out Nor the money so placed with it in payment of the coupons next maturing as the • same shall he presented upon their due dates, and likewise to pay any of the principal of the above listed bonds, when called or due and presented. Be It Further Resolved, that coupons and/or bonds so paid by said bank shall be cancelled by it, listed and delivered to Mr. G. C. Johnson, Counsel for this body, who is hereby authorized to receipt therefor to said bank. Be It Further Resolved, that any coupons and/or bonds not in order for pay- ment for any reason, must be returned by said Counsel to said bank, within two d^ys of receipt of the same by him from it. Said bank, however, is hereby released from any and all liability to this body for moneys paid out by it for any or all of said coupons and/or bonds not returned within said two dv's after receipt by said. Counsel. *treasurer, clerk, secretary or other disbursing officer TIGARD WATER DISTRICT 1e Z-(2".:4 By S retary. (Seal) r i Payment of dater Bills: ORDERED, that water bills may be paid to S. 3. Barber, Superintendent, aayside Inn, or at Sahubring and Bieder- man's, and that a commission of 2% shall be paid collectors other than the Superintendent. Adjourned. ) ti a firman / *retary rw Sale of Water System to TIGARD WATER DISTRICT; w.r. A meeting of the Board of Directors of the TIGARD WATER COiv 'ANY, a corp- oration of '.dashington County, Oregon, was held at Tigard, Oregon, on September 3, 1938, directly after the meeting of stockholders of TIGARD WATER COMPANY, after due notice given, upon the question of the sale of the water distributing system of the C�OLiflANY, and the dissolution ofTIGARD 'WATER COI ANY. Directors present: `J _/� - , -pt‘i cam' r4 ' . ,7 /s�-.ter f (?/Ltte.(22-;C/ L' / Directors absent : Director trmoved the adoption of the following res- ' olution, seconded by Director aer (/f0 47 "BE IT RESOLVED, by the Board of Directors of TIGARD WATER COTe ANY, that pursuant to authorization and direction of the stockholders of the TIGARI) WATER COo;1JA<]Y, this day given, this Board of Directors hereby accepts the proposition of the TIGARD WATER DISTRICT, DATED August 22, 1938, and filed as a part hereof, for the purchase of the domestic water distributing system of the TIGARD WATER COMPANY, for the sum of Thirty-Five Hundred Dollars 03,500.00), effective at a date to be agreed, and subject to the terms in said offer set up. """ AND, BE IT FURTHER RESOLVED, that the Chairman and Secretary of this Board are hereby authorized and directed to duly execute all documents necessary to said transfer, and to do all things required for the full completion thereof ." A roll call upon the adoption of the above resolution resulted: Voting "Aye", Directors: 7lit� ✓ Voting "Nay", Directors: -- -- - - -- Whereupon the Chairman declared the resolution adopted, this 3rd day of September, 1938. 771.'(</g, 7,tetoti • Chairop C Secretary BILL 0 F SALE vow TIGARD WATER COMPANY, a corporation of Tigard, Washington County, Oregon, in consideration of Three Thousand Five Hundred Dollars (0,500.00) in cash, to it in hand paid by TIGARD WATER DISTRICT, a municipal corporation of Wash- ington County, Oregon, hereby sells, assigns, and sets over unto TIGARD WATER DISTRICT, the following property; i All of its mains, laterals, services, master meter, equipment, materials • on hand, tools, and all other things now used as a part of the � present water distributing plant of said TIGARD WATER COMPANY. All easements, contracts and rights in connection therewith now used in the operation of said system. All of which is free from tax, incumbrance, or debt of any nature. TIGARD WATER DISTRICT to transfer present users from the COMPANY lines to the proposed DISTRICT lines without cost to such users, as to such trans- fer, charge being made only for repairs or replacements found necessary. This bill is herewith dated as of October 1, 1938, and all water or serv- 1 ice earnings for service prior to October 1, 1938, shall remain the property of said COMPANY, with the privilege of coallecting same during the month of October, 1938, and not thereafter. All charges and services from and after October 1, 1938 shall accrue to the TIGARD WATER DISTRICT, including unpaid installments arising prior to said date on service installations. The COMTANY's treasury balance, stock, and other assets, except as above named, are not a part of this transaction. WITNESS the hand and seal of TIGARD WATER COMPANY, by its duly authorized officers, 4(44A Tigard, Chairman, and P. E. Lewis, Secretary. "04 • 7 A; ••• 4 • I State of Oregon, County� of '.Washington, ss. 8t+1 Tigard and P. E. Lewis, being firtlf4uly sworn, say, We are the individ- uals who signed above bill of sale. I, .£ Tigard, am the Chairman of said com- pany, and I, P. E. Lewis, am the Secretary of said Company. Said company is the sole owner of the above-conveyed property, and there is no lien or claim whatsoev- er, including taxes for 1938, against same. WITNESS out hands and seals as of "'"' October 1, 1938. • Sub/dayooctober, 193e. ibed and sworn to before me, this f Notary Public for Oregon�1 ) My Commission Expires t/// 3,"