2573ORDINANCE NO. 2573
AN ORDINANCE OF THE CITY OF ANAHEIM, CALIFORNIA,
ORDERING, CALLING, PROVIDING FOR AND GIVING NOTICE
OF A SPECIAL ELECTION TO BE HELD IN SAID CITY ON
NOVEMBER. 5, 1968, 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 A STATEWIDE
GENERAL 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 proposition for
issuing the same at an election at which such proposition
shall have been duly submitted to the qualified electors
of the City.
"It shall be competent for the City to make contracts 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 appropriate 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 election be held and the
same is hereby called to be held in said City on November 5,
1968, for the purpose of submitting to the qualified voters of
said City pursuant to said Charter Section 1210, quoted in the
recitals hereof, the proposition 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 or 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. That the maximum rate of interest to
be paid on said indebtedness shall not exceed six per cent
(60) 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.
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 in
the County of Orange by or pursuant to law for the holding
of the statewide general election to be held in said county
on November 5, 1968, and the procedure for voting for or
against said proposition and for counting said votes shall
be the procedure provided by or pursuant to law in said
county for voting upon measures at said statewide general
election.
Section 5. That on the ballots to be used at
said special election, in addition to any other matters
2.
required by law, there shall be printed substantially
the following:
PROPOSITION (ELECTRIC YES .
REVENUE BONDS): To acquire, con-
struct and finance additions to and
improvements of the works of the City
for supplying the City and its in- . -
habitants with electric energy, shall NO
the City of Anaheim issue electric
revenue ponds in the principal 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.
Section 7. That the special election hereby
called for the date hereinbefore specified shall be and
is hereby ordered.consolidated with the statewide general
election to be held on said date, and within said city
the precincts, polling places and officers of election for
the special municipal election hereby called shall be the
same as those provided for said statewide general election.
The Board of Supervisors of Orange County is hereby requested
to order the consolidation of the special municipal election
hereby called with said statewide general election, and
3.
said Board of Supervisors is hereby authorized to canvass
the returns of said special municipal election, and said
elections shall be held in all respects as if there were
only one election, and only one form of ballot, namely,
the ballots used at said statewide election, shall be
used. Said Board of Supervisors shall certify the results
of the canvass of the returns of said special municipal
election to the City Council of said city which shall
thereafter declare the results thereof. A proposition
submitted by this ordinance shall be designated on the
ballot by a letter printed on the left margin of the
square containing the description of the measure, as pro-
vided in Section 10231 of the Elections Code.
Section 3. That except as otherwise provided
in this ordinance, the election called hereby shall be
conducted as provided by law for other municipal elections
in said city.
Section 9. That the City Clerk shall cause
this ordinance to be published, wi hin 15 days after its
adoption, WENArk in The Bulletin, a newspaper
published at least 6 days a week in the City. The City
Clerk shall also publish 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.
4.
STATE OF CALIFORNIA
COUNTY OF ORANGE ss.
CITY OF ANAHEIM
I, DENE M WILLIAMS , City Clerk of
the City of Anaheim , a orn a, DO HEREBY
CERTIFY that -the foregoing or inance was introduced and
read at a - - - - - - regular meeting of the City
Council duly- held on the 3rd day of September , 19_68,
and thereafter at a regular meeting of
said City Council duly held on the 10th day of September ,
19 68., was reread, duly passed and affopTed by said -City
—
16uncil 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 Schutte. Clark and
Peblev
NOES: Councilmen None
ABSENT: Councilmen Kre'n
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city cierk or tne My o
Anaheim, California.
I, DERE M.WILLIAMS, City Clerk of the City of Anaheim
do hereby certify that the foregoing is the original Ordinance
No, 2573 and was published once in the Anaheim Bulletin on the
16th day of September, 1968.
1
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City Clerk
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