Imperial Valley press., 1927-06-23
ORDINANCE NO. 307

AN ORDINANCE CALLING A
SPECIAL ELECTION TO BE
HELD IN THE CITY OF Ell
CENTRO ON FRIDAY THE lST
DAY OF July. 1927, AND SUB
MITTING TO THE QUALIFIED
VOTERS OF SAID CITY THE
FOLLOWING PROPOSITION,
TO-WIT:
THE PROPOSITION OF IN
CURING A BONDED INDEBT
EDNESS BY SAID CITY OF
Ell CENTRO IN THE SUM OF
FIFTY THOUSAND DOLLARS
FOR THE PURPOSE OF AC-
CURING CERTAIN RIGHTS
OF WAY NECESSARY FOR THE
QUESTION, CONSTRUCT
ION AND COMPLETION OF
CERTAIN MUNICIPAL IN
PRCVF,MENT. NAMELY, THE
WIDENING. GRADING AND
OTHERW IMPROVING
EIGHTH STREET WITHIN THE
BOUNDARIES OF SAID CITY.
INCLUDING THE ELIMINAT-
ION CT THE DATE CANAL
WITHIN THE BOUNDARIES
OF SAID CITY.
The Board Of Trustees of the City
Of FL Centro do ordain as follows:
SECTION l. Whereas the Board
of Trustee Of the City of +!
Centre. az - regular meeting of
said Pcara hcld on the lst day of
June. l92". lay vote Of two-thirds
Of al its f5.-3bcrs, duly passed and
adopted sesolution determining
that the '}'.c interest and public
necessity Of said City Of El Centre
and the Inhabitants thereof, de-
mand the acquisition. construction.
and completion by said city of q
certain municipal Improvement,
namely, the widening, grading,
and otherwise improving Eighth
Street in said City Of FL Centro
and for that purpose said public
interest and said public necessity
require the acquisition of said
rights of-way and the elimination
of the Date Canal within the boun
daries of said city. and that said
municipal Improvement and the
acquisition of said rights-of way are
necessary and convenient to carry
out the objects, purposes and powers
Of said municipality, and that the
cost thereof is and will be too great
to be paid out of the ordinary an.
nual income and revenue of said
city, and that said acquisition Of
said rights-of way viii require an
expenditure greater than the amount
allowed for such Improvement by
the annual tax levy. and that the
estimated cost of said acquisition
Of said rights-of fwav for the purpose
Of said municipal Improvement
herein mentioned. is the sum Of
Fifty Thousand $50, 100000 Dol
lars. and
Whereas said resolution was ap-
proved by the executive Of said
city, to-wit, the president of the
Board OF Trustees on said lst day
Of June. 1927, and was thereafter
and on the 10th day Of June, 1927,
duly published in the Imperial
Valley Press, :: daily newspaper Of
general circulation printed and
published in said city of +. Centre,
and
Whereas the public interest and
public necessity of said City Of
El Centre and the inhabitants
thereof. demand the acquisition of
said rights-of way for the purpose
in said resolution described, and it
is the intention of said Board of
Trustees to acquire said rights Of
way for said purpose;
SECTION II. Now therefore,
said Board of Trustees do further
ordain that special election b"
be and the same is hereby called tp
be held in the said City of FL
Centre on Friday, the lst day of
July, 1927, for the purpose OF
submitting to the qualified voters
of said city the foregoing proposit-
| ion as set forth in said resolution,
and hereinafter stated;
SECTION III. That the objects
and purposes for which the said in
debtcdness in said proposition
mentioned is proposed to be incur
red are the following, tO-wit: The
acquisition Of certain rights of wa y
for the purpose of the acquisition
construction, and completion by
said CITY of FL Centre OF IA certain
municipal improvement, namely
! the widening. grading, and other
wise improving Eighth Street within
I l..
! Guiding the elimination of the Date
! Canal within the boundaries OF
said city: that the estimated cost
of the acquisition of said rights
of-way. is Fifty Thousand ($9o,-
O0O.O0) Dollars, and said cost Is
! and will sbe too great TO he pald
out of the ordinary annual income
and revenue of said city, and sal
ACQUISITION of said rights-of-waT
will REQUIRE expenditure greater
than the amount allowed for such
Improvement by the annual tax
lew; that the amount of the prln-
,jpsl Of the indebtedness to be IN
cured therefor is Fifty Thousand
Dollars, and the maximum rate of IN
terest to be paid on said indebted
ness is six per cent per annum,
payable semi-annually, which rate
shall not be exceeded in the issuance
Of the bonds for such Indebtedness.
SECTION ". That special
election shall be held in said
City Of FL Centre on Friday. II
LIST day of July, 1927, and is hereA +
called on that day for the "")"s 3