2780ORDINANCE NO. 2780
AN ORDINANCE OF THE CITY OF ANAHEIM,
CALIFORNIA, ORDERING, CALLING, PROVID-
ING FOR AND GIVING NOTICE OF A SPECIAL
MUNICIPAL ELECTION TO BE HELD IN SAID
CITY ON APRIL 14, 1970, FOR THE PURPOSE
OF SUBMITTING TO THE QUALIFIED VOTERS OF
SAID CITY A PROPOSITION TO AUTHORIZE THE
ISSUANCE OF ELECTRIC REVENUE BONDS AND
CONSOLIDATING SAID ELECTION WITH THE
GENERAL MUNICIPAL ELECTION TO BE HELD
ON SAID DATE.
WHEREAS, the Charter of the City, in Section
1210 thereof, provides as follows:
'Bonds which are payable only out of such revenues
as may be specified in such bonds may be issued
when the City Council by ordinance shall have
established a procedure for the issuance of such
bonds. Such bonds, payable only out of revenues,
shall not constitute an indebtedness or general
obligation of the City. No such bonds payable out
of revenues shall be issued without the assent of
a majority of the voters voting upon the propo-
sition for issuing the same at an election at
which such proposition shall have been duly sub-
mitted to the qualified electors of the City.
i°It shall be competent for the City to make con-
tracts and covenants for the benefit of the holders
of any such bonds payable only from revenues and
which shall not constitute a general obligation of
the City for the establishment of a fund or funds,
for the maintaining of adequate rates or charges
for restrictions upon further indebtedness payable
out of the same fund or revenues, for restrictions
upon transfer out of such fund, and other appro-
priate covenants. Money placed in any such special
fund, for the payment of principal and/or interest
on any issue of such bonds or to assure the
application thereof to a specific purpose shall
not be expended for any other purpose whatever
except for the purpose for which such special fund
was established and shall be deemed segregated
from all other funds of the City and reserved
exclusively for the purpose for which such special
fund was established until the purpose of its
establishment shall have been fully accomplished."
NOW, THEREFORE, the City Council of the City of
Anaheim, California, DOES ORDAIN as follows:
Section 1. That a special municipal election be
held and the same is hereby called to be held in said City
on April 14, 1970, for the purpose of submitting to the
qualified voters of said City pursuant to said Charter
Section 1210, quoted in the recitals hereof, the propo-
sition hereinafter set forth of issuing electric revenue
bonds of said City in the principal amount stated in the
ballot proposition hereinafter set forth and for the
object and purpose set forth in said ballot proposition.
Section 2. That the estimated cost of the
acquisition, construction and financing described in said
ballot proposition is the sum of $8,650,000. The esti-
mated cost includes all engineering, inspection, legal or
other fees incidental to our connected with the authoriza-
tion, issuance and sale of the bonds, and the costs of
printing the bonds and other costs and expenses incidental
to or connected with the authorization, issuance and sale
of the bonds.
Section 3. The the maximum rate of interest
to be paid on said indebtedness shall not exceed seven and
one-half per cent (7,7.) per annum, the actual rate or rates
of interest on said bonds to be determined at or prior to
the time of the sale or sales thereof. Said interest shall
be payable semiannually except that interest for the first
year may be made payable at the end of said year.
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Section 4. That the manner of holding said elec-
tion (including, without limitation, the time when the
polls shall remain open) shall be the manner provided by
law for the holding of the general municipal election to
be held in said City on April 14, 1970, and the procedure
for voting for or against said proposition and for count-
ing said votes shall be the procedure provided by law in
said City for voting upon measures at said general
municipal election.
Section 5. That on the ballots to be used at
said special election, in addition to any other matters
required by law, there shall be printed substantially the
following:
PROPOSITION E (ELECTRIC REVENUE :
: BONDS): To acquire, construct and : YES
: finance additions to and improve-
: ments of the works of the City for
: supplying the City and its inhabit-
: ants with electric energy, shall
: the City of Anaheim issue electric
: revenue bonds in the principal : NO
: amount of eight million six hundred : .
: fifty thousand dollars? .
Section 6. That, if the proposition so submitted
receives the requisite number of votes, to wit, a majority
of the votes of the qualified electors voting on such
proposition, electric revenue bonds of said city, in not
exceeding the principal amount stated in such proposition,
may be issued and sold for the object and purpose set forth
in such proposition pursuant to said Section 1210 of the
Charter of the City and pursuant to an ordinance which
shall establish a procedure for the issuance of such bonds.
3.
Section 7. That the special municipal election
hereby called shall be and is hereby ordered consolidated
with the general municipal election to be held in said
city on said date and such elections shall be held in all
respects as if there were only one election and only one
form of ballot shall be used thereat. The precincts,
polling places and officers of election for this special
municipal election shall be the same as those provided
for said general municipal election and are set forth in the
resolution providing for said general municipal
election, to wit: Resolution No. 70R-72 adopted
February 3 , 19 70
Section 8. That except as otherwise provided in
this ordinance, the election called hereby shall be con-
ducted as provided by law for other municipal elections in
said city.
4.
Section 9. That the City Clerk shall cause
this ordinance to be published, within 15 days after
its adoption, in The Bulletin, a newspaper published at
least 6 days a week in the City. The City Clerk shall
also publish in said newspaper the notice entitled
"Measure To Be Voted On" in substantially the form and
manner set forth in Elections Code Section 22835 once
a week for 2 successive weeks. In such notice the
synopsis of the measure to be voted on shall be the
ballot proposition hereinbefore set forth.
Section 10. This ordinance shall take effect
upon its passage.
ADOPTED, SIGNED AND APPROVED this 10th day of
February , 1970.
ATTEST:
Cit Clerk of the City of
Anaheim, California.
(SEAL)
�-` Mayo of the City of
Anaheim, California.
5.
STATE OF CALIFORNIA
COUNTY OF ORANGE ss.
CITY OF ANAHEIM
I, Dene M. Williams , City Clerk of
the City of An , a orn a, DO HEREBY
CERTIFY that the roregoing or inance was introduced and
read at a ---- regular meeting of the City
Council duly held on the 3rd day of �FFgebbrr 19 70a
and thereafter at a ----- regular mee ng of
said City Council d—uTy held on e _1 tth�h day of ,
19 70, was reread, duly passed and a�opTed by sald City
Council and signed and approved by the Mayor of said city,
and that said ordinance was passed and adopted by a vote of
more than two-thirds of the members of said City Council,
to wit:
(SEAL)
AYES: Councilmen Dutton, Krein, Schutte,
Pebley and Clark
NOES: Councilmen None
ABSENT: Councilmen None
City Clerk or the City o
Anaheim, California.
I, Dene M. Williams, City Clerk of the City of
Anaheim, do hereby certify that the foregoing is the
original of Ordinance No. 2780, duly passed and adopted
by the Anaheim City Council on February 10, 1970, and was
published twice in the Anaheim Bulletin on February 13 and 20,
1970.
r
City Clerk