Ordinance No. 962
ORDINANCE NO. 962
ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
VERNON, CALIFORNIA, CALLING, PROVIDING FOR AND
GIVING NOTICE OF A SPECIAL MUNICIPAL ELECTION
TO BE HELD IN SAID CITY ON TUESDAY, AUGUST 12,
1986 FOR THE PURPOSE OF SUBMITTING TO THE QUAL-
IFIED VOTERS OF SAID CITY A PROPOSITION FOR THE
ISSUANCE OF GENERAL OBLIGATIONS BONDS BY SAID
CITY AND REPEALrnG AlL ORDTI'lANCE IN CONFLICl' THEREI-JITH,
SPECIAILY ORDn~CE NO. 960
THE CITY COUNCIL OF THE CITY OF VERNON DOES HEREBY RESOLVE,
DETERMINE AND ORDER as follows:
1. That a special municipal election be held and the same is
hereby called to be held in the City of Vernon, California, on
Tuesday, August 12, 1986, for the purpose of submitting to the qual-
ified voters of said City, together with any other matters submitted
to said voters at that time, the proposition of issuing general obli-
gation bonds pursuant to the Government Code of the State of
California and Proposition 46 (which proposition is subject to the
approval of the qualified voters of the State of California at an
election to be held on June 3, 1986) in an amount and for the objects
and for the purpose of the acquisition, construction and financing by
said City of municipal improvements inside or outside the City bound-
aries, including but not limited to additions, extensions and
improvements of the electrical power system of the City, and the
acquisition of land and rights of way, and including all engineering,
inspection, and legal fees, costs of the bond election and of the
issuance of the general obligation bonds, and other costs and
expenses incidental to or connected with the acquisition, construc-
tion and financing.
2. The estimated costs of such acquisition and construction and
financing, including engineering, inspection and legal fees, costs of
printing the bonds, costs of the "bond election and of the issuance of
the general obligation bonds and other costs and expenses incidental
to or connected with such acquisition, construction and financing is
$150,000,000. The maximum rate of interest to be paid on said bonds
shall not exceed the maximum rate permitted by law as of the date of
issuance of the bonds payable at the time and in the manner provided
by law. The actual rate of interest on said bonds will be determined
at the time of the sale thereof. Interest shall be payable semiannu-
ally except that interest for the first year after the date of the
bonds may be made payable at the end of said year.
3. If the proposition for the incurring of bonded indebtedness,
so submitted, receives the requisite number of votes, to-wit: the
vote of two-thirds of all the voters voting on the proposition, and
if Proposition 46 is duly enacted into law upon a vote of a majority
of the qualified voters of the State of California, general
obligation bonds as provided herein in not exceeding the principal
amount stated in such proposition shall be issued and sold for the
purposes set forth herein. Said bonds are to be general obligation
bonds payable from the income, receipts and revenues of the City,
including revenues of the enterprise and may be secured by the taxing
power (including ad valorem taxes) of the City of Vernon.
4. The enterprise referred to herein is defined to be the elec-
trical power system of the City, and other public improvements as
approved by the City Council and appurtenant works, the acquisition
and construction of additions, extensions and improvements of said
electrical power system and other public improvements as approved by
the City Council and which is proposed to be paid for with funds
derived from the sale of the general obligation bonds herein proposed
to be issued.
5. The election shall be conducted wholly by mail in the manner
provided in Chapter 5 of Division 2 (commencing with Section 1340) of
the Elections Code of the State of California. The proposition here-
inafter set forth to be submitted to the voters of the City may be
submitted to the voters at such election together with such other
propositions as may be determined by the City Clerk.
6. On the ballot to be issued at said special bond election, in
addition to any other matter required by law, there shall be printed
substantially the following proposition:
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GENERAL OBLIGATION BOND
: PROPOSITION: Shall the City
:of Vernon authorize the issuance
:of general obligation bonds in one
:or more series, in an aggregate
:principal amount not to exceed
:$150,000,000, for the .
: acquisition, construction and
:financing of municipal improvements :YES
:inside or outside the City bound-
:aries, including additions, ex-
:tensions and improvements of the
:electrical power system
:of the electrical power of
:the City and other public
: improvements, and the acquisition
:of land and rights of way,
:and including
:all engineering, inspection and
:legal fees, bond reserve funds and
:interest during the construction
:period and for a period not to
:exceed twelve months after :NO
:comp1etion of construction, and
:other costs and expenses incidental
:to or connected with such acquisi-
:tion, construction, improvement
:and financing?
7. The notice of the time and place of holding said election is
hereby given and the City Clerk is hereby authorized, instructed and
directed to give such further and additional notice of said election
in ,time, form and manner as required by law.
8. The City Clerk shall certify to the passage and adoption of
this ordinance, shall enter the same in the book of original ordi-
nances of said City and shall make a minute entry of the passage and
adoption thereof in the records of the proceedings of the City coun-
cil of said City, in the minutes of the meeting at which the same is
passed and adopted.
9. This ordinance shall be published once a day for at least
seven (7) days in a newspaper published at least six (6) days a week
in the City, or once a week for two weeks in a newspaper published
less than six days a week in the City, or posted in three public
places in the City.
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10. In all other particulars, the election shall be held and
the votes canvassed pursuant to law for special municipal elections
as required by the provisions of the Elections Code and the
Government Code.
11. Ordinance 960 of this City Council calling a special
municipal election on June 17, 1986, is hereby rescinded and
repealed, and shall be of no further force and effect.
12. If Proposition 46, which is to appear on the June 3, 1986
ballot is not duly enacted into law upon a vote of a majority of the
qualified voters of the state of California, all the actions autho-
rized hereunder shall no longer be required and will have no effect.
13. The Board of Supervisors of the County of Los Angeles is
hereby requested to permit the County Registrar to provide the City
with an official list of the registered voters of the City for use in
said special municipal election.
14. This ordinance shall take effect immediately pursuant to
Government Code section 36937(a), if it receives a vote of two-thirds
of all members of the City Council.
ADOPTED, SIGNED AND APPROVED this loth day of June, 1986.
~>t~ 0.#~
Mayor Pro-Tern Ci of Vernon
( SEAL)
ATTEST:
t:
City Clerk,
/4~4
City of Vernon
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AFFIDAVIT OF POSTING
2 STATE OF CALIFORNIA )
)
:5 COlllin OF LOS ANGELES) SS
)
4 CITY OF VERNON )
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I, Bruce V. Ma1kenhorst,
City Clerk of the City
6 'of Vernon, do hereby certify that I did, on the
111""n day o~
7 June
19 86, post three (3) copies of
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Ordinance No. 962
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one in each of the following places, to wit:
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At ths.northwes t
I It-
corner of 38th Street and Santa Fe Avenue, atthe~northeast cor-
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ner of Leonis Boulevard and Pacific Boulevard, and on the bulletin
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board in the lobby of the City Hall of the City of Vernon, locat-
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ed at 4305 Santa Fe Avenue, all in said City;'there being no
newspaper of general circulation printed and published in the City
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of Vernon.
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Signed this 11th day of
, 19~.
June
r-
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~___ /A4'~v
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Bruce V. Malkenhorst
City Clerk
Subscribed and sworn to before.rne
this ; ~i L'" day of:::::3,"uv\c , 19 ?fo.
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c-:{/~/fr') (J ..J I';
:r',K.:-;t.\.Q,,,-.o<. , ~C'R':Lt.-t:lL.CK
Notary Public in and for the County of
Los Angeles, State of California.
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. OFFlCIAL SEAL
",' .... ~"'^P.O"i , DUCKWORTH
W . ." NOTA"'v PUBLIC. CALIFORNl4
I LOS MQUES COUNlY
, My 00111111. 8lQIlres API .. 1117
.. ~~
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CERTIFICATE
State of California )
) ss
County of Los Angeles)
I, BRUCE V. MALKENHORST, Clerk of
County of Los Angeles, State of California,
the attached and foregoing are a full, true
copy of
the City of Vernon,
hereby certify that
complete and correct
ORDINANCE NO. 962
ORDINANCE OF THE CITY COUNCIL OF THE CITY OF VERNON,
CALIFORNIA, CALLING, PROVIDING FOR AND GIVING NOTICE
OF A SPECIAL MUNICIPAL ELECTION TO BE HELD IN SAID CITY
ON TUESDAY, AUGUST 12, 1986 FOR THE PURPOSE OF SUBMITTING
TO THE QUALIFIED VOTERS OF SAID CITY A PRQpOSITION FOR
THE ISSUANCE OF GENERAL OBLIGATIONS BONDS BY SAID CITY
AND REPEALING ALL ORDINANCE IN CONFLICT THERWITH, SPECIALLY
ORDINANCE NO. 960
the original of which is now on file in the office of the Clerk
of the City of Vernon, County of Los Angeles, State of California.
IN WITNESS WHEREOF, I have hereunto set my hand affixed
the official Seal of the City of Vernon" County of Los Angeles,
State of California, this 11th -- day of June , 19~.
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~ ~. - -y1 1/
City Clerk of the City of Vernon,
County of Los Angeles, State of
California