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RESOLUTION NO. 2061
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA
FIXING THE TAX LEVY FOR MUNICIPAL PURPOSES FOR THE FISCAL
YEAR 1950-51 UPON ALL THE TAXABLE PROPERTY IN THE CITY OF
ARCADIA.
THE CITY COUNCIL OF THE CITY OF ARCADIA DOES HEREBY RESOLVE
AS FOLLOWS:
SECTION 1. That there shall be and there is hereby levied
for municipal purposes for the fiscal year 1950-1951, upon each
ONE HUNDRED (100.00) DOLLARS worth o~ assessed valuation of
taxable property within the City of Arcadia, (provided, that no
property within any territory heretofore annexed to the City of
Arcadia shall be taxed to pay any po~tion of the principal or
interest on bonds of the city of Arcadia outstanding on the date
of such annexation, except those properties included in the
territories designated as, "West Arcadia Annex", and "West Arcadia
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Annex No.2" which shall be taxed equally with all other property
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within the City of Arcadia to pay the bonded indebtedness of the
City outstanding for 19~6 sewer bonds heretofore authorized and
issued by the City of Arcadia or any indebtedness heretofore
authorized and to be represented by bonds of the City of Arcadia,
hereafter to be issued, as provided in Ordinance No. 6~, adopted
April 15, 19~7, and Ordinance No. 651, adopted June 3, 19~7) a tax
as follows:
For all municipal purposes, exclusive of the payment of taxes
for public library purposes, Planning Commission, payment of
principal and interest on bonded indebtedness of the City, and
payment of the obligation of the City for employees' retirement,
under provisions of the California State Employees' Retirement Act,
the sum of $.7500;
For the purpose of payment of contribution of the City of
Arcadia to State Employees' Retirement System, the sum of $.1407;
For the purpose of supporting and defraying the expense of
the public library of said City of Arcadia, the sum of $.1267~
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For the purpose of paying the principal and interest of "Library
Bonds 1929, interest and sinking fund", the sum of $.006~;
For the purpose of paying the principal and interest of "Street
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Bonds 1914, Interest and Sinking Fund", the sum of $.0137;
For the purpose of paying the principal and interest of "Street
Bonds 19~, Interest and Sinking Fund", the sum of $.0269;
For the purpose of paying the principal and interest of "Water
Bonds 1914, Interest and Sinking Fund", the sum of $.0130;
For the purpose of paying the principal and interest of "Water
Bonds 1919, Interest and Sinking Fund", the sum of $.0167;
For the purpose of paying the principal and interest of "Water
Bonds 1927, Interest and Sinking Fundll, the sum of $.0277;
,:
For the purpose of paying the principal and interest of IlSewer
Bonds 19~6, Interest and Sinking Fund", the sum of $.0~65;
For the purpose of supporting and defraying the expense of the
City Planning Commission of the City of Arcadia, the sum of $.0117;
That the rate of taxes necessary tO,be levied for the fiscal year
1950-51 for defraying the expense of maintenance and operation of the
lighting and maintenance districts of said City shall be, and the same
is hereby fixed, established and levied (pursuant to Section 18730 of
the Str.eets and Highways Code of the State of California) at the fol-
lowing rate, upon each one hundred ($100) dollars of the assessed
valuation of taxable land, exclusive of improvements, in each district:
District No.1, the sum of $.57~5; ,District No.2, the sum of
$.2~0~.
SECTION 2. The City Clerk shall certify to the adoption of this
Resolution and cause thE!. same to be published once in the Arcadia
Bulletin, a newspaper of general circuiation, printed and published in
this City, ~ thin fifteen (15) days after the date of its adoption.
I HEREBY CERTIFY that the foregoing Resolution was adopted at a
regular meeting of the City Council of the City of Arcadia, held on
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the 5th day of September, 1950, by the a~firmative vote of at least
three Councilmen, to wit:
AYES, Councilmen:' Kennett, Klomp, Nottlmgham, Schmocker and Sullivan
NOES: None
ABSENT: NOne
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City Clerk of the C~ty of Arcadia
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SIGNED AND APPROVED THIS
STH D\~'?! pv
Mayor of the City of Arcadia
ATTEST:"';;~ "
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Ci ty -Clerk ":. ~
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