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ORDINANCE NO. 465.
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,IK ORDIH.n.NC::; OP '!'JG'; CI';'Y COUi'fe'::L OF THE CITY or illlCAD.LA
C1L...ATING j\ PUND J"OH CJ,l'ITAL OU'l'LAYS BY SAID C flY.
'1'11,; CITY COUlICIL 0:,' 'l'lS CI'i'Y OF AHC"DIJ.\, DO<!:S OHDAIN AS
FOLLO'"S:
S~CTI0N I. A fund is hereby created for capital outlays under
the provisions of tl:.at certain act of the LeGislature of the State of
California, entitled "An Act to provide for the levy and collection of
taxes and aSS0ssments for the purpose of creatinG a fund for capital
outlays by cities, counties, cities and counties or districts, It approved
July 1, 1937 as amended by Chapter 341 of the Statutes of 1941.
S:&;CTION 2. Such fund shall be kn01"ln as "Special Fund for Cepital
Outlays" and it shall re~ain inviolate for the ~akin3 of any capital
outlays and no moneys shall be disbursed tuerefrom exceptinG.for such a
p~pose, except upon consent of the electors obtained as provided in said
Act.
S:&;CTION 3. Taxesaay be levied upon the taxable property in
said City for the raising of unneys for said fund but no levy so made
shall exceed the limitation imposed by the general laDS of the State
upon the riGht of said City to impofJe taxes, ilithout the assent of tiJO-
thirds (2/3) of the qualified electors of said City votinG at any
[leneral or spec:1al election at nhich such proposition may be submitted.
SLCTION 4. ~he City Council may transfer to such fund any
unencumbered surplus fundfJ remaininG on hand in the City at the end
of any fiscal year.
SBC1'IOLT 5. Ordinance !{o. 455 of the City of i~rca<'Ua, adopted
on the 2:?nd day of April, 1941, is hereby repealed.
SLCTIO!i 6. The City Clork shall certify to the adoption of
this Ordinance and pI'ior to the expil'stion of fifteon (15) days f'rom
the passage trereo:l J sh<lll caU3e ti1e sa:.13 to be published once in tho
Arcadia Tribune and i,rca'l1a NeilS J a ne\7Spaper of General c irculllti on,
published and circule.ted in the City of Arcadia, and thirty (30) days
from and after the fi.nal passaGe thereof said Ordinance 1;1l1all take
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effect and be in force.
I hereby certify that the fore~oing Ordinance nas adopted
at a re~ular moetill~ of the City Council of the City of Arcadia, held
on the 21st day oj'
October
, 1941, by the affirmative vote of at
least tbllee Councilmen, to-uit:
AYE8: Cotmcilmen, Adcock, Bolz, Leeper, Ormsby and Perkins.
NO"SS: None
ABSI:IJT: None
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Sic;ned anj approved this 2lstday of
October
, 1941.
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IJayor
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