09/24/1974 - Minutes Tigard Water District
1-74 Special Meeting
September 24, 1974
PRESENT: R. Verne Wheelwright, Chairman
John G. Schwartz, Secretary
Clarence F. Nicoll, Treasurer
Robert E. Santee, Administrator
John P. Miller, Foreman
VISITORS: Cheryl Beshears, Tigard Times
The meeting wall called to order at 7:39 p.m. by Chairman
Wheelwright.
Motion was made and seconded to approve the minutes of the last
meeting, as written. Motion carried unanimously.
Motion was made and seconded to approve Alternative #3A in lieu
of #3B as outlined in the Administrator's report of September 10,
1974 for cost of water main extension along S. W. 113th Avenue.
All four participants, Phildius, Steel, Moffatt, and Benz will share
equally in the costs with no future rebates. Motion carried unani-
mously.
Motion was made and seconded to base future rebates along S.W.
108th Avenue, south of Durham Road, on acreage in lieu of property
front footage. Motion carried unanimously.
Motion was made and seconded to authorize the Chairman and
Treasurer to borrow money on a short term basis not to exceed
$100,000. (Complete resolution attached). Motion carried unani-
mously.
Motion was made and seconded to support and pay a fair share
of a proposal by the executive board of the Tii-County Water Districts
Association to have a study made on a set of uniform rules and regu-
lations. Motion carried unanimously.
Discussion was held on delivery time of the new pump station
at the new Hi Tor reservoir site. It was agreed to accept delivery
next Spring instead of during the Winter months.
Motion was made to adjourn at 8:10 p.m. Motion carried unani-
mously.
`err
A
RESOLUTION AUTHORIZING CONTINUING BORROWING PROCEDURE FOR
UNITED STATES NATIONAL BANK OF OREGON
BE IT RESOLVED, that the Chairman and
Treasurer of the Tigard Water District
be and they hereby are authorized and empowered to borrow money in the name of the
Tigard Water District for the purpose of meeting current expenses,
, from the United States National Bank of Oregon, in accordance
with the provisions of ORS 287.402, et seq. , authorizing municipal and quasi-municipal corporations
and civil subdivisions to borrow money upon negotiable short term promissory notes, the amount so
borrowed not to exceed in the aggregate at any one time the sum of $ 100,000.00 ,
or the maximum sum that said Tigard Water District is authorized by said
statute to borrow at the time of any such borrowing, whichever is the smaller sum.
BE IT FURTHER RESOLVED, that said Chairman and
Treasurer of said Tigard Water District
be and they hereby are authorized and empowered to execute, in the name of said
Tigard Water District and sell to the Tit+ard Branch
of the United States National Bank of Oregon, negotiable short term promissory notes of said
Tigard Water District , for all sums so borrowed, such notes to be without
definite due dates, to bear interest at the rate of ..g.. % per annum, to be in the form provided
by said statute and to be in such amount or amounts as may be agreed upon between said Bank and
the said Chairman and Trattrwrcr
within the limits above specified.
BE IT FURTHER RESOLVED, that the Secretary of
Tigard Water District be and he hereby is authorized and directed to
deliver to said Bank a copy of these resolutions, properly certified by him, as evidence of the authority
of said Chairman and T}r@tt1F3 "er
to obtain said loans and execute and deliver promissory notes in accordance with the foregoing.
STATE OF OREGON
) ss.
COUNTY OF Washington )
1, John G. Schwart& , hereby certify that I am the duly
elected, qualified and acting _ Secretary of Tigard Water District
, State of Oregon, and as such in possession of the record book
containing the records of the meeting of the Bowed of Ce ailnsioners of
Tigard Water District ;
•
That the within and foregoing is a full, true and correct copy of resolutions, duly and
regularly adopted by the Boai=dof CoEmissionere of Ti ;ard Water District
at a duly called and heldt(Ecr special) meeting the of, called for that purpose and held
September 24 , 1974 , at which atlof the Cc, 1iaaioaors
were present and voted unanimoesly in favor of said resolutions;
as appears from said record bool in my possession.
In Witness Whereof, I have hereunto set my official signature this 24th
day of September , 19 74 .
•John G. / uarta (Title) Secretary
(For use under ORS 287.402 - 287.432 incL by counties, municipalities and other political
subdivisions authorized to borrow under these ORS sections.)
A-250 6,64 •
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UNITED STATES 07 ANISEP.ICA
No. STATE:OF OrlFCCoN $ 0 C3
S HORT-7 ER M NOTE IT:At -,-
(Name of Sub:livision)
For value received, Tat o,12 F,
State of Olieg,on, hereinafter designated "sub livision", acknowledges itself to owe and hereby promises to pay to bearer, at the
office of the , EA A , horn its "Shott-terto Ifote Sinhing Fund", the
sum of ji• r , - -- —-- - Dr)liais in any coin or cnellcy which at
the time of payment is legal tender for public and private debts within the United States of America, together with interest on
said p.‘incipal sum payable in like money, at tl..e rate of
per annum from the date hereof.
This note is issued under authority of ORS 287.402 to 207.432, an,1 of a ner_ohttion duly adopted by the Y- 1
of raid slid:division on "1, _ , 19 this note
and any notes of the same series of Ithe date diol tenor elscert as to run!hers (and denoininatiors and materit;es, if they vary) ,
eggrogate the principal sum of '1 'I' i i1' 1i /in
it is hereby certified, recited, and declared that all conditions, acts and things required upon the part of said subdivi-
sion to exist and to be done I performed to mahe this note and ti Oce of the issue (4 which it forias a pait, valid and binding
obligations of said subdivision, have existed and have been Oseac and performed in due time, focus end manner, as required by
the aforesaid Act; and the full faith and credit of ece said sebtlivision berclei ara sober-1114y plecl;ed for the punctual payment,
when due, of the principal of and the interest on the rotes of said ifale, lost foam raid "Filiost-term Note Sinking Fund"
as provided in the aforesaid Act.
Said suN,livision reserves the right to redeem this rote at par a.r.slacented interest whenever funds become available
therefor.
IN
WITNESS WHEREOF, the
of the said stebtlivision has cansed this rote to be signed by its_
and countersigned Li its the, corporate seal of said
suhelivision (;„:ovicled raid suiediviorihas s'..tgla a seal)) this_22' day of ,19
Couelersitit, j -a/
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(For Or.S 2S7,4,02 - 737.43:: ii ci. (s 4.3! ce J, 0,—;:!)1ts) c tiC`3, rauniciprlitics and other politietil candivision4
atal.e:u-t--110 I au , i ,le theE2 OnS r.LC II( L f tr.:.;I t.c:7 a I(1:12 Cf(lii:1st; as• al,pfleable.)
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