78-533
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RESOLUTION NO. 78R-533
RESOLUTtON OF THE CITY COUNCIL OF
THE CITf OF ANAHEIM, CALIFORNIA,
ORDERING'lCALLING, PROVIDING FOR AND
GIVING NO~ICE OF A SPECIAL MUNICIPAL
ELECTIONiTO BE HELD IN SAID CITY ON
TUESDAY,:NOVEMBER 7, 1978, FOR THE
PURPOSE OFisUBMITTING A PROPOSITION FOR
THE ISSU~CE OF WATER REVENUE BONDS
BY SAID CfwY, AND CONSOLIDATING SAID
ELECTION!WITH THE STATEWIDE GENERAL
ELECTIO, TO BE HELD ON SAID DATE
The City Co~nci1 of the City of Anaheim, California
DOES HEREBY RESOLVE, bETERMINE AND ORDER as follows:
Section 1. A special election is called to be held
in the City of Anahei~, California, on TUesday, November 7,
1978, for the purpose. of sUbmitting to the qualified voters
of said City a propos~tion for the issuance of water revenue
bonds pursuant to Section 1210 of the Charter of said City and
the Revenue Bond Law of 1941 (Chapter 6, Part 1, Division 2,
Tit1e 5 of the Government Code of the State of Ca1ifornia) in
the amount and for tne purpose hereinafter set forth.
Section 2. The purpose for which the bonds are
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proposed to be issued is the acquisition, construction and
financing of additions to and improvements of the water
system of said City.
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Section 3. The estimated cost of the acquisition,
construction and financing set forth in Section 2 herein is
$14,000,000, and the s>rincipal amount of the bonds proposed
to be issued is $14,000,000. In determining the amount of
bonds to be issued, t~is City Council has included all costs
and expenses authoriz.d by Section 54410 of the Government
Code.
Section 4. The maximum rate of interest to be paid
on the bonds shall no~ exceed eight percent (8%) per annum,
payable annually or s~iannually, the actual rate or rates of
interest to be determ~ned at or prior to the time of the sale
or sales of the bonds..
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Section 5. If the proposition for the issuance of
the bonds so submitte~ receives the assent of a majority of
the voters voting on the proposition, water revenue bonds as
provided herein (in npt exceeding the principal amount stated
in such proposition) shall be issued and sold for the purpose
set forth herein. The bonds are to be revenue bonds payable
exclusively from the revenues of the enterprise, shall not
constitute an indebtedness or general obligation of the City
of Anaheim, and are not to be secured by the taxing power of
the City.
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Section 6. The enterprise referred to in Section 5
herein is defined to be the entire waterworks system of the
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City of Anaheim, inc1~ding all additions to, and improvements
and extensions of, sa!d system later constructed or acquired.
Section 7. The proposition to be submitted shall
be sUbstantially as f~llows:
WATER ~NUE BOND PROPOSITION: Shall
the City of Anaheim be authorized to finance
the acquisi~ion and construction of additions
to and impr~vements of the water system of
said city bt the issuance of revenue bonds,
not payable.' from property taxes, in an amount
not to exce.d 14 million dollars?
Section 8. The special election hereby called for
the date hereinbefore specified is hereby ordered consolidated
with the statewide ge$eral election to be held on said date,
and within the City of Anaheim the precincts, polling places and
officers of election for said special election shall be the
same as those provide4 for said statewide general election. The
manner of holding sai4 special election, including the canvass
of the returns thereof, shall be the manner prescribed by or
pursuant to law for s.id statewide general election, and the
manner of voting upon the proposition hereinabove set forth
F~' shall be the manner p~escribed by or pursuant to law for voting
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upon measures at said statewide general election. In all
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other particulars, the election hereby called shall be held
and the votes canvass.d pursuant to law for general municipal
elections held in the City of Anaheim.
Section 9. The City Clerk shall certify to the
adoption of this resolution and shall cause it to be published
once a day for at least seven days in the Anaheim Bulletin, a
newspaper of general Circulation published in the City of
Anaheim. No other notice of such election need be given.
ADOPTED, SI$NED AND APPROVED this 22nd day of
August, 1978.
ATTEST:
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Ci ty C - e - -- - -
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[SEAL]
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
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I, LINDA D. ROBERTS, City Clftk of the City of Anaheim, do hereby certify that
the foregoing Resolution NO_r.., f..8R-533 W.~. intr.oduced and adop.ted at.. are. g.Ul. ar
meetins provided by law, of ~e City Council of the City of Anaheim held on
the 22nd day of August, 1978 !by the fo~lowing vote of the members thereof:
AYES: COUNCIL MEMBERS: Ot~rholt, Kaywood, Roth and Seymour
NOES: COUNCIL MEMBERS: K~tt
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ABSENT: COUNCIL MEMBERS: NttLe
AND I FURTHER CERTIFY that tt'. ~ Mayor of the City of Anaheim signed said
Resolution No. 78R-533 on th !22nd day of August, 1978.
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IN WI11IESS WHEREOF, I have htreunto set my hand and affixed the seal of the
City of Anaheim this 22nd dat:of August, 1978.
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CITY CI; OF THE CI OF ANAHEIM
(SEAL)
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I, LINDA D. ROBERTS, City C~rk of the City of Anaheim, do hereby certify that
the foregoing is the origin1: of Resolution No. 78R-533 duly passed and adopted
by the Anaheim City Council Jon August 22, 1978.
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CITY CLERK
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