Resolution No. 3039
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RESOLUTION NO. 3039
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON, URGING
THE LEAGUE OF CALIFORNIA CITIES TO OPPOSE ANY CHANGE IN THE
CURRENT TAX EXEMPTION ON STATE AND LOCAL GOVERNMENT BOND INTEREST.
THE CITY COUNCIL OF THE CITY OF VERNON RESOLVES AS FOLLOWS:
WHEREAS, recent proposals have been made to the United
States Congress regarding tax reform, and
WHEREAS, one of said proposals would be to eliminate
the tax-free exemption for interest paid on state and local
government bonds, and
WHEREAS, the adoption of such proposal would materially
increase the expenses of local government at a time when local
government is attempting to reduce such expenditures,
NOW, THEREFORE, BE IT RESOLVED:
SECTION 1: That the City Council of the City of Vernon
15 does hereby urge the League of California Cities to submit a
16 resolution at the League's next annual convention opposing any
17 change in the current tax exemption on State and local government
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18 bond interest.
SECTION 2. That the City Clerk of the City of Vernon
20 is hereby directed to forward a copy of this resolution to the
21 Resolution Committee of the League of California Cities.
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SECTION 3: The City Clerk of the City of Vernon is
23 hereby directed to certify to the passage of this resolution, and
24 thereupon and thereafter the same shall be in full force and
25 effect.
26 ADOPTED and APPROVED, this 16th day of September, 1969.
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ATT~
F. ' . z~eL, c~ty
Clerk
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.J. STATE OF CALIFORNIA )
) ss.
2 COUNTY OF LOS ANGELES )
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4 I, F. A. ZIEMER, City Clerk of the City of Vernon, do
5 hereby certify that the foregoing resolution, being Resolution
6 No. 3039, was duly adopted by the City Council of the City of
7 Vernon, and approved by the Mayor of said City, at a regular
8 meeting of the City Council held on September 16, 1969.
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Ci ty Cl.erk
2.
FRED M. ARNOLD
CITY CLERK
E. RUBOTTOM
DEPUTY CITY CLERK
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TELEPHON E
FRONTIER 2.1171
EXTENSION 201
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August 22, 1969
RtCE'VED
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F. A. ZIEMER
CITY CLERK
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CG&ILTIJFill>~~Illi
Honorable Mayor and
Members of the City Council
Ci ty of Vernon
4305 Santa Fe Avenue
Vernon, California 90058
Gentlemen:
The enclosed Resolution No. 4820 of the City Council of
the City of Redondo Beach -
REQUESTING THE RESOLUTION COMMcrTTEE
OF THE LEAGUE OF CALIFORNIA CITIES TO
SUBMIT A RESOLUTION TO THE LEAGUE I S
ANNUAL CONVENTION OPPOSING ANY CHANGE
IN THE CURRENT TAX EXEMPTION ON STATE
AND LOCAL GOVERNMENT BOND INTEREST
was unanimously adopted by the Redondo Beach City Council
at its regularly scheduled meeting held August 18, 1969.
The City of Redondo Beach requests your support in
opposing any change of the current tax exemption of
State and local government bond interest.
FMA:mm
Enclosure
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RESOLUTION NO. 4820
A RESOLUTION OF THE COUNCIL OF THE CITY OF REDONDO
BEACH, CALIFORNIA, REQUESTING THE RESOLUTION COMMITTEE
OF THE LEAGUE OF CALIFORNIA CITIES TO SUBMIT A
RESOLUTION TO THE LEAGUE1S ANNUAL CONVENTION OPPOSING
ANY CHANGE IN THE CURRENT TAX EXEMPTION ON STATE AND
LOCAL GOVERNMENT BOND INTEREST
WHEREAS, proposed legislation to change current tax
exemption of State and local government bond interest is before
the Congress of the United States~ and
WHEREAS, if such proposed legislation is adopted, it will
constrict substantially the market for State and local government
bonds, increase the cost of capital financing for localities, and
raise innumerable legal and constitutional problems~ and
WHEREAS, it appears that to date none of the member cities
have requested the League of California Cities to adopt a
resolution opposing such legislation~
NOW, THEREFORE, BE IT RESOLVED by the Council of the City
of Redondo Beach, California, as follows:
SECTION 1. That the Resolution Committee of the League
of California Cities be requested to submit a resolution opposing
any change of the current tax exemption of State and local government
bond interest to the Annual Convention of the League of California
Cities which is to be held in San Francisco, September 28 through
October 1, 1969.
SECTION 2. That copies of this resolution be transmitted to
each Senator and Representative from California in the Congress of
the United States and to Representative Wilbur D. Mills, Chairman,
Ways and Means Committee, U. S. House of Representatives~ Senator
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(4820)
Russell B. Long, Chairman, Committee on Finance, U. S. Senate: and
to each city in the State of California.
SECTION 3. That the City Clerk shall certify to the passage
and adoption of this resolution, shall enter the same in the Book
of Resolutions of said city and shall cause the action of the City
Council in adopting the same to be entered in the official minutes
of said City Council.
Passed, approved, and adopted this 18th day of August 1969.
WilliamF. Czuleger
Mayor
ATTEST:
Fred M. Arnold
City Clerk
(SEAL)
APPROVED AS TO FORM:
A. Roger Sailors
City Attorney
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STATE OF CALIFORNIA
COUNTY OF LOS ANGELES ss
CITY OF REDONDO BEACH
I, Fred M. Arnold, City Clerk of the City of Redondo Beach,
California, do hereby certify that the foregoing resolution, being
Resolution No. 4820 , was passed and adopted by the City Council at
a regular meeting of said Council held on the
18th day of
Auqust
1969
; thereafter signed and approved by the Mayor and attested by
the City Clerk of said City, and that said resolution was adopted by the
following vote:
AYES:
Councilmen Salvail, Westerfield,
Hayward, and Nielsen;
NOES:
Councilmen None;
ABSENT:
Councilmen Greene.
Fred M. Arnold
City Clerk of the City of
Redondo Beach, California
( SEAL)
CITY OF VERNON
CALIFORNIA
September 16. 1969
solutions Committee
ague of California Cities
Hotel Claremont
rkeley. California 94705
ntlemen:
Enclosed ls a certified copy of RefJolut;ionNo.3039 ... A
SOt.lJTION OF. THE CITY COUNCIL OF THE CITY OF VERNON. URGING
E LEAGUE OF CALIFORNIA CITIES'l'OOPPOSE ANY. CHANGE IN THE
CURRENT TAX EXEMPTION O~ STATE AND LOCALOOVERNMENT BONDINTERBST..
iah was adopted by the City Council at its regular meeting On
16. 1969.
Yours very truly,
F. A. Ziemer, City Clerk-
Director of Finance
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enc.