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Bonds-Canvass <br />(S~.~le prop. ) <br /> <br />RESOLUTION NO. 627] <br /> <br />RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SANTA ANA, CALIFORNIA, <br />DECLARING THE I~ESULT OF THE CANVASS OF <br />ELECTION RETURNS OF SPECIAL BOND ELEC- <br />TION HELD IN SAID CITY ON MARCH 13, 1962. <br /> <br /> The City Council of the Clt7 of Santa Aha, <br /> <br />Califo~nia, DOES I{F~EBY RESOLVE, DETERMINE AND ORDER as <br />follows: <br /> <br />Section 1. That a special bond election was dulF <br /> <br />called and ~egularlF held in said citF on the 13th daf of <br /> <br />March, <br /> <br />19 62, at which election there was submitted <br /> <br />to the qualified voters of said cttF the following p~oposi- <br /> <br />rich, to wit: <br /> <br /> REVENUE BOND PROPOSITION: Shall the City of Santa Ana <br />issue water revenue bonds in the maximum principal amount of <br />$6,950,000 for the acquisition and construction of additions to <br />the revenue producing water utility of the City of Santa Ana <br />(i.e. the water supply and distribution system) for which the <br />property to be acquired and the improvements or additions to be <br />made to the equipment for such revenue-producing utility shall <br />consist of works and facilities for the production, storage, <br />transmission and distribution of water, including water storage <br />reservoirs, water wells, pumping and pressure regulating stations, <br />water transmission and distribution mains, capacity rights in <br />works and facilities to be used Jointly with other public corpora- <br />tions, facilities of existing water companies; and for the fore- <br />going appurtenances and appurtenant works, and including the <br />acquisition of all water rights, lands, easements, pipe, pumps, <br />and other property necessary therefor; tge estimate of the <br />cost of the foregoing purposes being $6,930,000; the regula- <br />tions and procedures for the sale and issuance of such bonds <br />to be as set forth in the Revenue Bond Law of 1941 (Chapter 6, <br />Part l, Division 2, Title 5 of the Government Code of the State <br />of California); and the provision to be made from the revenue <br />of such revenue-producing utility for the payment of interest <br />on, and retirement of, the bonds to be that said bonds are <br />secured by and are payable from all of the revenues of said <br />utility as now or hereafter constituted, all as more particularly <br />set forth in said Revenue Bond Law of 19417 <br /> <br /> <br />