62-012 - Laserfiche WebLink

Home Browse Search

RESOLUTION NO. 62-12 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA, CALIFORNIA, AUTHORIZING CERTAIN OF ITS MEMBERS TO FILE A WRITTEN ARGUMENT FOR A CITY MEASURE. WHEREAS, an election is to be held in the City of Santa Ana on March?~ 13, 1962, at which there will be submitted to the qualified electors of said city the following city measure: REVENUE BOND PROPOSITION: Shall the City of Santa Aha issue water revenue bonds in the maximum principal amount of $6,950,000 for the acquisition and construction of additions to the revenue pro- ducing water utility of the City of Santa Aha (i.e. the water supply and distribution System) for which the property to be acquired and the improvements or additions to be made to the equipment for such revenue-producing utility ~shall consist of works and facilities for the production, storage, trans- mission and distribution of water, including water storage reservoirs, water wells, pumping and pres- sure regulating stations, water transmission and distribution mains, capacity rights in works and facilities to be used Jointly with other public corporations,~facilities of existing water com- panies; and for the foregoing appurtenances and appurtenant works, and including the acquisition of all water rights, lands, easements, pipe, pumps, and other property necessary therefor; the estimate of the cost of the foregoing purpose being $6,950,000; the regulations and procedures for the sale and issuance of such bonds to be as set forth in the Revenue Bond Law of 1941 (Chapter 6, Part l, Divi- sion 2, Title 5 of the Government Code of the State of California); and the provision to be made from the revenue of such revenue-producing utility for the payment of interest on, and retirement of, the bonds to be that said bonds are secured by and are payable from all of the revenues of said utility as now or hereafter constituted, all as more particularly set forth in said Revenue Bond Law of 19417