4536ORDINANCE NO. 4536
AN ORDINANCE OF THE CITY OF ANAHEIM,
CALIFORNIA, AMENDING ORDINANCE NO. 2933
OF SAID CITY, RELATING TO WATER REVENUE BONDS
WHEREAS, the City Council of the City of Anaheim, acting
under and pursuant to the powers reserved to the City under Section 5
of Article XI of the Constitution of the State of California and pur-
suant to Section 1210 of the Charter of the City of Anaheim, -hereto-
fore adopted Ordinance No. 2933 entitled "Ordinance of the City
Council of the City of Anaheim, California, Providing for Procedures
for Issuance of Water Revenue Bonds of Said City";
-WHEREAS, pursuant to said Section 1210 of said Charter, and
Resolution No. 78R-533 of the City Council of the City of Anaheim, a
special municipal election was held in said City on November 7, 1978,
and at said special municipal election a majority of all the voters
voting approved a proposition entitled "Shall the City of Anaheim be
authorized to finance the acquisition and construction of additions
to and improvements of the water system of said city by the issuance
of revenue bonds, not payable from property taxes, in an amount not
to exceed 14 million dollars?;"
WHEREAS, of the 14 million dollars in bonds approved at
said special municipal election, $7,350,000 were issued and delivered
on March 12, 1980 and $6,650,000 remains unissued, with Ordinance
No. 2933 providing the procedures for the issuance of such bonds and
all other water revenue bonds of the City hereinafter authorized; and
WHEREAS, this City Council deems it necessary to amend
Ordinance No. 2933 in certain respects;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ANAHEIM
DOES ORDAIN AS FOLLOWS:
SECTION 1. Section 1 of Ordinance No. 2933 is hereby
amended to read,.in its entirety, as follows:
Section 1. The City Council, exercising the powers
reserved to the City under Section 5 of Article XI of the
Constitution of the State of California and pursuant to
t� Section 1210 of the Charter of the City, may when the
public interest and necessity require, by resolution or
resolutions, issue bonds payable only out of revenues of
the water system of the City, for such purpose or purposes
as shall have been assented to by a majority of the voters
voting upon the proposition for issuing the same at an
election at which such proposition shall have been duly
submitted to the qualified electors of the City.
SECTION 2. Section 2 of Ordinance No. 2933 is hereby
amended to read, in its entirety, as follows:
Section 2. The procedure for the issuance of such
bonds shall be the procedure set forth in the Revenue Bond
Law of 1941 (commencing with California Government Code
Section 54300), and by this reference, with the exceptions
hereinafter stated, the provisions of said Law are incorpo-
rated herein; provided, however, that
(a) = election to authorize the issuance of
said bonds other than that election required by the
City Charter shall be held, and to that end Sections
54380 to 54387 of said Government Code are not incor-
porated herein and shall not be applicable of said
bonds;
(b) The restrictions of Government Code Section
54310 shall not apply, and to that end said Section
54310 is not incorporated herein;
(c) The City Council may sell such bonds in such
manner as it may determine, either by private sale, or
by means of competitive bid, and to that end
Government Code Section 54388 is not incorporated
herein;
(d) Regardless of any maximum coupon rate of
interest specified in any ordinance or resolution
calling a revenue bond election pursuant to Section
1210 of the City Charter, said bonds may be sold at
such discont as the City Council may determine, and to
that end Government Code Section 54418 is not incorpo-
rated herein; and
(e) The bonds shall bear interest at such rates,
payable at such times, as the City Council may deter-
mine, notwithstanding any restriction contained in
Government Code Section 54402.
SECTION 3. The City Clerk shall cause this Ordinance to
be published, once within fifteen days after its adoption, in Tjj&
Anaheim Bulletin, the official newspaper of the City.
SECTION 4. Except as amended in accordance herewith,
Ordinance No. 2933 remains in full force and effect. This ordinance
shall become effective thirty days from and after the date of
adoption.
-2-
ADOPTED, SIGNED AND APPROVED this 4th day of September,
1984.
OFF
i
Mayor of the City of Anah im
( SEAL)
ATTEST:
City Clerk of the City of
Anaheim
-3-
STATE OF CALIFORNIA )
COUNTY OF ORANGE
CITY OF ANAHEIM )
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing Ordinance No. 4536 was introduced at a regular meeting of the
City Council of the City of Anaheim, held on the 28th day of August, 1984, and
that the same was duly passed and adopted at a regular meeting of said City;
Council held on the 4th day of September, 1984, by the following vote of the
members thereof:
AYES: COUNCIL MEMBERS: Kaywood, Bay, Overholt, Pickler and Roth
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
AND I FURTHER CERTIFY that the Mayor of the City of Anaheim signed said
Ordinance No. 4536 on the 4th day of September, 1984.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal
of the City of Anaheim this 4th day of September, 1984.
CITY CLERK OF THE CITY OF ANAHEIM
(SEAL)
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing is the original Ordinance No. 4536 and was published once in the
Anaheim Bulletin on the 14th day of September, 1984.
CITY CLERK