Imperial Valley press., 1927-08-08
PAGE TWO
ORDINANCE NO. 500

BONDS Oh THE CITY OF Ell
centric IN TILE FOLLOWING
SUMS AND FOR TIE FOLLOW
Ing PURPOSE TO-WIT:
FIFTY THOUSAND 1850, 00ooe)
DOLLARS FOR TIE PURPOSE
OF ACQUIRING CERTAIN
RIGHTS-OT-WAN NECESSARY
FOR THE ACQUISITION, CON
STRUCTION AND COMPILE
TON OF A CERTAIN MUNICI-
PAL IMPROVEMENT, NAME
LY, THE WIDENING, GRAD
ING AND OTHERWISE I'M
PROVING EIGHTH STREET
WITHIN THE BOUNDARIES
OF SAID CITY, INCLUDING
THE ELIMINATION OF THE
DATE CANAL WITHIN THE
BOUNDARIES OF SAID CITY.
The Board of Trustees of the City
of FL Centre, do ordain as follows:
SECTION l. Whereas the Board
of Trustees of the City of Ell Cen
tro at regular meeting of said
lard held on the first day of June,
ls27, by vote of two-thirds of ali
Is members, duly passed and
;,.-pted resolution determining
-. the public interest and public
h,,eSsity of said City of FL Centre
and the inhabitants thereof, de-
mand the acquisition, construction
and completion by said City of a
certain Municipal improvement,
namely, the widening, grading and
otherwise improving Eighth Street
in said City of FL Centre, and for
that purpose said public interest
and sad public necessity require the
tho acquisition of said rights-of-
way and the elimination of the
Date Canal within the boundaries
of said City, and that said Munich
pal Improvement and acquisition of
said rights-of way are necessary
and convenient to carry out the OBJ
lects and purposes and powers of
said municipality, and that the cost
thereof is, and will be too great to
be paid out of the ordinary annual
income and revenue of said ci5y,
and that said acquisition of SAID
rights-of-way will require an expen-
diture greater than the amount al
lowed for such Improvement by the !
annual tax levy, and that the esti- |
mate cost of said acquisition of |
said rights-of-way for the purpose
of said municipal Improvement is |
the sum of fifty thousand (S5G,oO0.-
o0) dollars, and
Whereas said resolution was ap-
proved by the executive of sad /!
City, to-wit, the president of the
Board of Trustees ON said first day |
of June, 1927, and was thereafter
and on the ninth day Of June, 1927,
duly published in the Imperial Val |
lev Press, daily newspaper of gen
eral circulation printed and publish
ed in said City Of FL Centre; and
Whereas said Board Of Trustees
at an adjourned regular meeting
thereof held subsequently tO-wit, on
the fifteenth day Of June, 1927, did
by ordinance call special election
TO be held on the fist day Of July,
1927. submitting 10 the qualified /
voters OF said City, said proposition
of mourning a bonded indebtedness
in said sum Of fifty thousand
$3.50. 900 o} dollars and for the Pur-
pose set forth in said resolution
and said ordinance was duly pass
ed and adopted and duly signed and
approved by the president of said
Board of Trustees Of said City, and
said ordinance was thereafter duly
published as therein provided, once
a dav for at least seven days prior
TO said first day of July, 1927; and
Whereas said election was regu-
Iarly held on said first day of July,
1927, as called; and
Whereas more than two thirds o.
the qualified voters. voting at said
election, voted in favor of incurring
said bonded indebtedness by said
City in said amount and for said
purpose set forth in said resolution.
and in the proposition submitted a
sara election; ana
Whereas said Board Of Trustees
at am adjourned regular meeting
thereof held on the fifth day o.
July, 1872, (being the next day fol
lowing the first Monday after said
election, the said Monday being a
legal holiday. namely Irdcrendence
Day) did canvass the returns Of
said election and did then ara There
find aud dcclare mat saic election
had been regularly held. that
sad election six hundred sAvoutre,
votes and no moro were cast. that
upon the said proposition Of incur
ring said bonded indebtedness
the sum of fifty thousand 100000
dollars, five hundred seventy five
votes were cast in favor Of said
proposition and forty-two votes
were east against said proposition,
and
Whereas the total amount of said
indebtedness is fifty thousand
($50.0o0.oo) dollars and said sum
together with all the present in
debtedness of said City is within
the limits provided by the laws of
the state Of California and II be
comes the duty Of said Board Of
Trustees IN direct the issuance Of
said bonds as provided by law aud
i'v said ordinance. being ordinance