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Ordinance No. 437 -1- AN ORDINANCE OF THE CITY OF VERNON, STATE OF CALIFORNIA, ORIlEllING. CALLING, PROVIDING FOR AND GIVING NOTICE OF A SPECIAL ELECTION TO BE IlELD IN SAID CITY ON WEIlNESIlAY, TIlE lUTH DAY OF Sl&PTEMBEIl, 1930, FOll TIlE PURPOsE OF SUB!.IITTING TO THE QUALIFIED VOTERS OF SAID CITY THE FOLLOWING PROPOSITION OF IN- CURRING A IlEBT, TO-WIT: THE PROPOSITION OF INCURRING A IlEBT IN THE SUI! OF TIlIlEE MILLION NINE IIUNtilED THOU- SAND DOLL/IRS FOR THE PtJRPOSE OF ACQUIltING, CONSTRUCTING AND COMPLETING A CJ:RTAIN REVENUE-PRODUCING IlUNICIPAL II!PROVEMENT. TO-WIT: WORKS FOll GENERATING, TRANB!.IITT- ING AND DISTRIBUTING ELECTRICITY FOR THE PURPOSE OF SUPPLYING SAID CITY .AND ITS INHABITANTS WITH LIGHT, HEAT AND POWll:ll, INCUJDING Tlli: ACQUISITION OF LANDS. RIGHTS OF WAY, MACHINERY, APPARATUS AND OTllEll PRoP- ERTY, AND Tlli: CONSTRUCTION OF ELECTRIC GENERATING WORKS, SUB-STATIONS, TRANSMISSION AND DISTRIBUTING LIliES, CONDUITS AND OTIIiR WORKS NECESSARY TIIEllEFOR. WHEREAS, the City Councilor the City or Vernon, in the Oounty ot Los Angeles, State at California, by Resolu- tion No. 599 !,asse<1 and adoph<1 by a vote or two-thir<1s or all or ite members, at a regular meeting or sai<1 City Council held on Monday, the 18th day or August, 1930, at the City Hall in said City, being its regular place of meeting therein, did <1etermine that the public interest and necessity or sai<1 City demanded the acquisition, oonstruction and completion of a certain revenue-producing municipal improvement, to-wit: works for generating, tranemitting and d1stributing electric1ty ORDINANCE NO.. 437 ..2- for the purpose of supplying said City and Its Inhabitants with light, heat and power, including the acquisition of landa, rights of way, machinery, apparatus and other prop- erty, and: the constructioIl ot' electric generating works, sub- stations, transmission and distributing lines, conduits and other works necessary therefor, and that the estimated cost of said improvement, to-wit: the sum of Three Million Nine Hundred Thousand Dollars I.s and will be too great to be paid out of the ordinary annual Income and revenue of said City of Vernon, and WHEREAS, said reeolutlon wsa duly signed by the Mayor of said City, and duly attested by the City C~k thereof, on the eald 18th day of AUgust, 1930, and entered In the Book of Resolutions of said City and a minute of the passage and adoption thereof made on the minutes of the lIISeUng at which the same "as passed and adopted, NOW, THEREFORE, The City Council of the City of Vernon, California, do ordain as follows: Section 1. That a Special MUnicipal Election be, and the same Is hereby ordered and c aUed to be held In said City of Vernon on Wednesday,the lOth <lay of September, 1930, end that at said Special Election there shall be eub- mltted to the qualified votere of said City of Vernon the proposition of Incurring a debt for the purpose set forth in said resolution hereinabove referred to, and herein- arter stated. Section 2. The objeots and purposes for which said debt is proposed to be inourred are as tollows: the aoqulsltlon, construction and completion by said City of -3- Vernon ot a certain revenu,e-produclng munioipal improvement I to-wit: works tor generating, transmitting and distributing electricity tor the purpose ot supplying said City and its inhabitants with light, heat and power, inclUding the acqui- sition of lands, rights of' way, machinery, apparatus and other property. and the construction of electric generating works, sub-stations, transmission and distributing lines, conduits and other works necessary therefor. Section 3. That the estimated cost of this pro- posed revenue-producing municipal improvement above des- cribed. namely, the acquisition, construction and completion of works tor generating, transmitting and distributing elec- tricity for the purpose or supplying said City snd its in- habitants with light, heat and power, including the acqui- sition at lands, rights of way, machinery, apparatus and other property, and the construction of electric generating worke. SUb-stations, tranamlssion and distributing lines, conduits and other works necessary therefor, 1s the sum of Three Million Nine Hundred Thousand Dollars, and the amount of the principal of the indebtednese to be incurred there- for is the eum of Three Million Nine Hundred Thousand Dol- lars (13,900,000.00); and the maximum rate of interest to be paid on said indebtedness is Six per centum (6~) per annum. payable semi-annually, which rate ehall not be ex- ceeded in the issuance of bonds for such indebtedness; thai it the proposition to incur the indebtedness tor said pur- pose so submitted at such election receives the requisite number of votes, to-wit: two-thirds of the votes of all the qualified voters of said City voting at such election, bonds of eaid City in the amount ot Three Million Nine Hun- dred Thousand Dollars ($3,900,000.00) shall be ieeued and -4- sold for the purposs of acquiring, constructing and complet- ing said revenue-producing munioipal improvement; said bonds shall bear interest at a rate not exoeeding eix per oentum (6~) per annum, payable semi-annually, and the principal and intereet thereof ehall be payable in lawful money of the United statee of America. section 4. That for the purpose of paying the principal and interest of said bonde, the City Council of Baid City shall at the time of fixing the general tax levy, and in the manner for suoh general tax levy provided, levy and collect annually each year until such bonds are paid or until there be a sum in the Treasury of said City set apart for the p~po8e, to meat all sums ooming due for the prin- cipal and interest on said bonds, a tax sufficient to pay the annual interest on suop bonds and also such part of the principal thereof as shall become due before the time for fixing the next general tax levy; provided, however, that if the maturity of the indebtedness created by the aforesaid prcposed issue of bonds be made to begin more than one year after the date ot the issuance of such bonds, then the tax for the purpose of paying the principal and interest ot the bonds, the maturity of which 1s so deterred, shall be levle~ and collected at the time and in the manner aforesaid, annually each year, sufficient to pay the inter- est on Quch indebtedness as it falls due and also to con- etitute a sinking fund for the payment of the principal thereof on or before maturity; said taxes shall be in addition to all other taxes levied for municipal purposes, and shall be collected at the same time. and 1n the same manner as other municipal taxes are collected, and be used for no other _5_ Section 5. That the speoial election hereby called and ordered to be held ehal1 be held and oonaucted and the votes thereat received and canvassed and the returns made and the result thereof asoertained, determined and declared as herein provided, and in all partIculars not recited herein, aooording to the laws of the State of California providing for and governing special Eleotions in the City of Vernon. There ehall be printed on the ballots to be used at such Special MUnicipal Election, in addition to the other matters reqUired by law, the following proposition, to be voted upon, to-wit: .Shall the City of Vernon, California incur a bonded indebtedness cf Three Killion Nine HUndred Thousand Dollars ($:5,900,000.00) for the purpose of aoquiring, con- structing and completing a certain revenue-vroducing muni- cipal improvement, to-wlt~ works tor generating, transmitting and distributing eleotricl.ty for the purpose of supplying eaid City and its inhabitants with light, heat and power, includ-o lng the acquisition of lands. rights of way, machinery, ap- paratus and other property, and the construction of electric generating works, sub-stations, transmission and distributing lines, conduits and other works necessary therefor?" And opposite said proposition to be voted upon. and to the right thereof, shall be printed the words .Yes. and MNo. on separate I1nes with a voting square opposite and to the right of each of said 1I0r4s. section 6. At said Special Eleotion the polls shall be opened at 6:uu o'olock A. M. of the day of such election, purpose than for the payment of said bonds and accruing 1nterest. -6- Section 8. The City Clerk shall certify to tre Alice PIllsbury - Clerk Carr i e Jo'inn - Clerk Cora Smith - Clerk Nellie Alvarez - Judge Katherine Smith - Judge Esteban Peralta - Inspector City Hall of the City of Vernon, 4305 Santa Fe AvenUe. - Polling Plaoe said special eleotion shall be held is hereby designated, and the following named persons are hereby appointed and named as officers ot election for such special municipal election precinct, to-wit: hereby established as the special municipal election pre- cinct in said oity for the holding of said epecial eleo- tion; the following polling place wherein the voting for Vernon, heretofore established by the Board of Supervisors of theCounty of Los Angeles on the 9th day of pecember, 1929, for the holding of state and county elections, is supplies that may be neces6ary to properly and lawfully conduct said Special Election. Section 7. That for the purpose of holding said Special Election, hereby called, the regular election pre- cinot, embracing all of the territory within the City of The City Clerk 1s hereby directed to procure all when the polls shall be closed, except as provided in Sec- tion 1164 of the Political Code of the State of California. and be kept open until 7:00 o'clock P. M. of the same day, -7- Vernon, California, do hereby cer~lty that the whole number , ATTI!:ST: l\'-'-~ 7~ ~4'l/~ r,,;C . .;;; ty ,}~rkL /____ ./ c..'" I _" L.--- _- - ~ -..- STATE OF CALIFORNIA, ) COUNTY OF LOS ANGELES, ) sa. CITY OF VERNON. ) I, T. J. FURLONG, Clty Clerk of the Clty of ./ /~~~/ / 41 >/; :. . Mayor . ,c" . . lng of sald Clty Council held on Tuesday, ths 19th day of August, 1930. lmmediately upon its paasage end adoption. PASSED AND ADOPTED by the City Council of the City of Vernon, California, at a regular adjourned meet- Section 10. This Ordinance ehall take effect pur!Joses. than the aforesald posting shall be deemed necessary, and such posting of the Ordinance shall be sufficient for all Seotion 9. No other notioe ot suoh electIon Northwest corner of 37th street and Santa Fe Avenue. paesage and adoption of this Ordinance by a vote of two- thirds of all of the members of the City Council of eald City ot Vernon, and, there being no newspaper published in the City of Vernon, thie Ordinance shall be posted for two sucoeeding weeks in three publio places in the City of Vernon, to-wit: st the entrance to the City Hall of the City of Vernon, 4305 santa Fe Avenue; at the North- ~ . liT' corner or 38th Street and Santa Fe Avenue; at the -g- ) ( ".es) .glU.xo JO _ol{~ :> 'uou.reA JO ".xetO '<:HO -- ~I -- /.' UH~"II N:!l'nIOIUlOO :J.N~ay aUDIT lIID'IIOlIIOOO :S:!lOlll 3uOl.rn,11 pUB Sj:'UOg'I '.RAe,! 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