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ORDINM1CE NO. 455.
AI>! ORDINANC3 OF TEE. CITY COUi-!CIL OF TH8 CITY OF 1\RCADIA
CRLJ,'!'Il:G 1\ PUl!D FOR CJ,PIT;..L OUTLAYS Ji'OR PUBLIC r.;PROV~,;~;<TS.
TIlli CITY COUNCIL OF THE CITY OF ARCADIA DOLS ORDAIlf AS
FOLLO,:f, :
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SECTIon 1. A fund is hereby created for capital outlays for
public improve~ents under the nrovisions of that certain Act of the
Lee;islature of the State of California entitled:"An Act to provide for
the levy and collection of taxes and assessments for the purpose of
creatin~ a fvnd for caTJital outlays by cities, counties, cities and
counties or districts," approved July 1, 1937, and beinc; Chapter 717
of the Statutes of 1937.
SECTION 2. Such fund shall be known as "Special Fund for
Capital Outlays" and it shall remain inviolate for the makins of any
capital outlays for public improvements and no moneys shall be disbursed
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therefrom exceptinc; for such a purpose, exceptin3 upon consent of the
electors obtained as provided in said Act.
SECTION 3. Taxes may be levied upon the taxable property in
said City for the raisin~ of moneys for said fund but no levy so made
shall exceed the limitation imposed by the ~eneral laws of the State
~~~LWupon the right of said City to i~pose taxes, without the assent of two-
OI\O,MOo
A-l...t'thirds (2/3) of the qualified electors of said City voting at any'
general or special election at which such proposition may be sub~itted.
SEC~IOH 4. The City Council may transfer to such fund any
unincumbered surplus funds remuinin3 on hand in the City at the end
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\l\\0,1\0. of any fi scal yeaJ~.
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~ SECTION 5. The City Clerk shall certify to the ado~tion of
this Ordinance and prior to the expiration of fifteen (15) days from
the passage thereof, shall cause the same to be published once in the
Arcadia Tribune and Arcf'dia He\:s, a newspaper of :;eneral circulation,
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,\\),.. published anu cireulo.ted in the City of Arco.dia, and thirty (30) days
4-1,.( from and aftElr thE) final passa~e thereof said Ordinance shall take
effect and bEl in force.
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I hereby certify that the fore~oin3 Ordinance uas adopted
a<;ljourned
at mjreo;ular llcetin.; of the City Council of the City of ArcaHa, held
on the 22d day 0 f
April
, 1941, by the affirmative vote of at least
three Councilmen, to-wit:
AYES: Councilmen, Adcock, Bolz, Leeper, Ormsby and Perkins
NO:d:S: None
ABSEi-TT: None.
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Si3ned and approved this 22d day of
April
, 1941.
c~ c2~
::ayor
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ATT;'ST~,1 ~
City Cle)~
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