HomeMy WebLinkAbout0342
ORDINANCE NO. 342.
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ARCADIA
CREATING A SPECIAL FUND ID BE KNOWH AS THE "WATER DEPARTMENT DE-
PRECIATION .AND RESERVE FUND".
THE CITY COUNCIL OF THE CITY OF ARCADIA DOES ORDAIN AS
FOLLOWS:
,
I
,
SECT ION 1:
That there is hereby oreated and estab-
lished a speoial fund to be known as the "Water Department Depreoia-
tion and Reserve Fund".
"h
,/,;
nil o~
11'0'
SECT ION 2:
That all moneys deduoted from the gross re-
oeipts of the Water Department for depreoiation and reserve shall be
oredited to said fund.
SECTION 3:
That all moneys in said fund shall be expen-
ded exolusively for the purpose of replacing pipe lines and equip-
ment of the Water System of the City of Aroadia,
Provided, that in case of an emergency, the City Counoil
of said City of Arcadia may by a four-fifths (4/5) vote of said City
Counoil, use said moneys for purposes other than provided herein.
SECTION 4:
The City Clerk shall oertify to the adoption
of this Ordinance and oause the same to be published once in the
Aroadia News, a weekly newspaper published and oirculated in said
City of Arcadia, and thirty days from the passage hereof, the same
shall take effeot and be in force.
I hereby oertify that the foregoing Ordinance was adoJted
at a regular meeting of the City Council of the City of Aroadia held
on the 27th d~ of
October
, 1936, by the affirmative vote of
at least three oouncilmen, to-wit:
AYES:
Counoilmen, Corby, Daniels, Griffitts. Bof'fman and
UcLean
NOES:
None
.,
-1-
CAd 8~
AllSENT: None
~l:~
Signed aDd approved this 2'7th day of
October
, 1936.
~~w. c;,~
Mayor (j-
ATTEST:
D
~y~
.1
-2-
od Sy~