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ORDINANCE NO. 988
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<br />AN ORDINANCE OF THE CITY OF SANTA ANA, CALIFORNIA,
<br />CALLING A SPECIAL ELECTION TO BE HELD IN SAID CITY
<br />ON THE 19th DAY OF DECEMBER, 1983, AND PROVIDING FOR
<br />THE SUBMISSION TO THE QUALIFIED VOTERS OF SAID CITY
<br />OF THE PROPOSITION OF INCURRING INDEBTEDNESS FOR THE
<br />ERECTION AND CONSTRUCTION OF A CITY HALL ON CITY
<br />OWNED PROPP:RTY, PROVIDING FOR THE ISSUANCE OF BONDS
<br />THEREFOR, FOR THE LEVYING OF A TAX FOR THE PAYMENT OF
<br />SAID BONDS, CONSOLIDATING SAID SPECIAL ELECTION WITH
<br />THE STATE SPECIAL ELECTION TO BE HELD ON DECEMBER
<br />19th, 1933, DESIGNATING THE POLLING PLACES, AND
<br />APPOINTING ELECTION OFFICEHS FOR SAID ELECTION.
<br />
<br /> WHEREAS, the City Council of the City of Santa Ana, California, at an adjourns
<br /> regular meeting, held on the 13th day of November, 1933, by a vote of more than two-
<br /> thirds of its members, duly passed and adopted a Resolution determining:
<br />
<br /> That the public interest and necessity demand the erection and construction of
<br /> a City Hall and necess~ry appurtenances thereto, upon City owned property; and
<br />
<br /> WHEREAS, said Resolution was duly approved by the Mayor of said City of Santa
<br /> Aha on the 13th day of November, 1933, and duly attested and certified to by the City
<br /> Clerk of said City on the 13th day of November, 1933;
<br />
<br /> NOW, THEREFORE, the City Council of the City of Santa Aha ordains as follows:
<br /> SECTION l: That the proposition of incurring a bonded debt for the purposes
<br /> set forth in Resolution No. 2370, adopted by the City Council of the City of Santa Ana
<br /> on the 13th day of September, 1933, be submitted to the qualified voters of said City,
<br /> at an election to be held for that purpose, and that the election shall be, and the
<br /> same is hereby called to be held in the City of Santa Aha, California, on Tuesday,
<br /> December 19, 1933, for the purpose of submitting to the qualified electors of said City
<br /> the proposition of incurring indebtedness and issuing bonds of said City for the purpose~
<br /> set forth in said Resolution No. 2370.
<br />
<br /> SECTION 2: That the objects and purposes for which said indebtedness is pro-
<br />posed to be incurred and bonds issued therefor, and the rate of interest of said bonds,
<br />are as follows, to-wit:
<br />
<br /> That the estimated cost of said municipal improvement, as set forth in the
<br />last preceding paragraph herein, is the sum of One Hundred Thousand and no/lO0 Dollars
<br />($100,000.00); that the estimated cost of said municipal improvement is and will be too
<br />great to be paid out of the ordinary annual income and revenue of the City of Santa Aha;
<br />that the amount of the principal of the indebtedness to be incurred therefor is the sum
<br />of Seventy Thousand and no/lO0 Dollars ($70,000.00); that the maximum rate of interest
<br />to be paid on said indebtedness wiS1 be five per cent (5%) per annum, which rate shall
<br />not be exceeded in the issuance of said bonds; that if the proposition for the incurring
<br />of said indebtsdmesz so submitted at said election receives the requisite number of
<br />votes, to-wit: two-thirds (2/3) of the votes of the qualified electors voting at such
<br />election, bonds of said City in the sum of Seventy Thousand and no/lO0 Dollars ($70,000.(
<br />shall be issued and sold for the purpose of erecting and constructing said municipal
<br />improvement as hereinabove set forth; that the principal and interest of said bonds
<br />shall be payable in lawful money of the United States; that said bonds shall be offered
<br />for sale and sold only to the Reconstruction Finance Corporation, or other fiscal agency
<br />of the United States of America, and in the event that aaid bonds shall not be sold to
<br />said Reconstruction Finance Corporation, or other fiscal agency of the United States of
<br />~merica, no further pr~eedlngs shall be taken for the ~rection, construction and
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