1974-615RESOLUTION NO. 74R -615
A RESOLUTION OF THE CITY COUNCIL'OF
THE CITY OF ANAHEIM, CALIFORNIA,
ORDERING, CALLING, PROVIDING FOR AND
GIVING NOTICE OF A SPECIAL MUNICIPAL
ELECTION TO BE HELD IN SAID CITY ON
TUESDAY, MARCH 4, 1975, FOR THE PURPOSE
OF SUBMITTING A PROPOSITION FOR THE
ISSUANCE OF ELECTRIC REVENUE BONDS BY
SAID CITY, AND CONSOLIDATING SAID
ELECTION WITH VARIOUS SCHOOL DISTRICT
ELECTIONS TO BE HELD ON SAID DATE.
The City Council of the City of Anaheim,
California DOES HEREBY RESOLVE, DETERMINE AND ORDER
as follows:
Section 1. A special election is called to
be held in the City of Anaheim, California, on Tuesday,
March 4, 1975, for the purpose of submitting to the
qualified voters of said City a proposition for the
issuance of electric 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, Title
5 of the Government Code of the State of California) in
the amount and for the purpose hereinafter set forth.
Section 2. The purpose for which the bonds
are proposed to be issued is to finance the construction
and :cqui siti_on of facilities, property and rights related
to tl}e generation, traT?smission and distribution
of electrical energy.
Section 3. The estimated cost of the acquisition,
construction and financing set forth in Section 2 herein
is $150,000,000, and the principal amount of the bonds
proposed to be issued is $150,000,000. In determining
the amount of bonds to be issued, this City Council has
included all costs and expenses authorized by Section
54410 of the Government Code.
Section 4. The maximum rate of interest to be
paid on the bonds shall not exceed eight percent (8
per annum, payable annually or semiannually, the actual
rate or rates of interest to be determined at or prior
to the time of the sale or sales of the bonds.
Section 5. If the proposition for the issuance
of the bonds so submitted receives the assent of a majority
of the voters voting on the proposition, electric revenue
bonds as provided herein (in not 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.
Section 6. The enterprise referred to in
Section 5 herein is defined to be the entire electric
system of the City of Anaheim, including all improvements
and extensions later constructed or acquired.
2.
Section 7. The proposition to be submitted
shall be substantially as follows:
ELECTRIC REVENUE BOND PROPOSITION:
In order to provide more economical electrical
service, shall the City of Anaheim be authorized
to finance the construction and acquisition of
facilities, property and rights related to the
generation, transmission and distribution of
electrical energy by issuing revenue bonds, not
payable from property taxes, in an amount not
to exceed 150 Million Dollars?
Section 8. The special election hereby called
for the date hereinbefore specified is hereby ordered
consolidated with the school district governing board
elections to be held on said date in the following school
districts:
North Orange County Community College District
Rancho Santiago Community College District
Anaheim Union High School District
Fullerton Union High School District
Anaheim City School District
Placentia Unified School District
Centralia School District
Magnolia School District
Savanna School District
Orange Unified School District
Buena Park School District
Fullerton School District
Carden Grove Unified School District
Within the respective portions of the City of Anaheim,
lying within each of said school districts, the
precincts, polling places and officers for election for
3.
said special election shall be the same as those provided
for said school district elections. The manner of holding
said special election, including the canvass of the
returns thereof, shall be the manner prescribed by or
pursuant to law for said school district elections,
and the manner of voting upon the proposition hereinabove
set forth shall be the manner prescribed by or pursuant
to law for voting upon measures at said school district
elections. In all other particulars, the election hereby
called shall be held and the votes canvassed pursuant to
law for general municipal elections held in the City of
Anaheim.
Section 9. The Superintendent of Schools of
Orange County is hereby requested to order that said
special election and said school district elections be
consolidated in the manner hereinabove set forth and in
accordance with law, and the Registrar of Voters of Orange
County is hereby authorized and requested to canvass the
returns of said special election in the manner provided
by law and to certify the results of said canvass to this
City Council.
Section 10. 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.
4.
Section 11. The City Clerk shall file certified
copies of this resolution with the Superintendent of
Schools of Orange County and with the Registrar of Voters
of said County.
ADOPTED, SIGNED AND APPROVED this 17th day of
December, 1974.
ATTEST:
)91. 24 cz4 ,„e_.)
City Clerk of thety of
Anaheim, California
(SEAL
of the City of
aheim, California
5.
(SEAL)
STATE OF CALIFORNIA
COUNTY OF ORANGE ss.
CITY OF ANAHEIM
I, ALONA M. HOUGARD, City Clerk of the City of Anaheim, do
hereby certify that the foregoing Resolution No. 74R -615 was intro-
duced and adopted at a regular meeting provided by law, of the City
Council of the City of Anaheim held on the 17th day of December,
1974, by the following vote of the members thereof:
AYES: COUNCIL MEMBERS: Kaywood, Seymour, Pebley, Sneegas
and Thom
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
AND I FURTHER CERTIFY that the Mayor of the City of Anaheim
approved and signed said Resolution No. 74R -615 on the 17th day of
December, 1974.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed
the seal of the City of Anaheim this 17th day of December, 1974.
CITY CLERK OF THE CITY F
I, ALONA M. HOUGARD, City Clerk of the City of Anaheim, do
hereby certify that the foregoing is the original of Resolution No.
74R -615 duly passed and adopted by the Anaheim City Council on
December 17, 1974.
7 i e .4
City Cler
ANAHEIM