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HomeMy WebLinkAboutOrdinance #529 • ORDINANCE NO, 529 AN ORDINANCE OF THE CITY OF HUNTINGTON BEACH, CALIFORNIA, CREATING A FUND FOR CAPITAL OUTLAYS FOR PUBLIC IMPROVEMENTS, The City Council of the City of Huntington Beach, California, does ordain as follows: Section 1: A fund is hereby created for capital outlays for public improvements under the provisions of that certain Act of the Legislature of the State of Calif- ornia entitled: "An Act to provide for the levy and col- lection of taxes and assessments for the purpose of creating a fund for capital outlays by cities, counties , cities and counties or districts" , approved July 1, 1937, and being Chapter 717 of the Statutes of 1937, Section 2: Such fund shall be known as "Special Fund for Capital Outlays" and it shall remain inviolate for the making of any capital outlays for public improvements and no moneys shall be disbursed therefrom excepting for such a purpose, excepting upon consent of the electors obtained as provided in said Act. Section 3: Taxes may be levied upon the taxable property in said City for the raising of moneys for said fund but no levy so made shall exceed the limitation imposed by the Charter of the City of Huntington Beach upon the right of said City to impose taxes , without the assent of two- thirds (2/3) of the qualified electors of said City voting at any general or special election at which such proposition may be submitted. 1 Ordinance No, Ord.k 529 Section 4: The City Council may transfer to such fund any unincumbered surplus funds remaining on hand in the City at the end of any fiscal year. . Section 5: The City Clerk shall certify; to the pass- age of this Ordinance and shall cause the same to be pub- lished by one insertion in the Huntington Beach News, a weekly newspaper printed, published and circulated in the City of Huntington Beach, and thereafter it shall be in force and effect. PASSED AND ADOPTED by the City Council of the City of Huntington Beach, California, this 1 th day of May, 1948. MAYOR ATTEST: City Clerk 2 Ordinance No. 529 Ord. 5 29 ti STATE OF CALIFORNIA ) County of Orange ) ss City of Huntington Beach ) I, JOHN L . HENRICKSEN, the duly elected, qualified and acting City Clerk of the City of Huntington Beach, and ex-officio Clerk of the City Council of said City of Huntington Beach, do hereby certify that thw whole number of members of the City Council of the City of Huntington Beach, is five ; that the foregoing Ordinance was first read to said City Council at a regular meeting thereof held on the 3rd day of May, 1948, and was again read to said City Council at a regular meeting thereof held on the 17thday of May, 1948, and was passed and adopted by the affirmative vote of more than a majority of all the members of said City Council as follows : AYES : Councilmen LeBard,TerrY,Seabridge .Langenbeck, Greer NOES::: Councilmen None ABSENT : Councilmen None ty Clerk and Ex-officio Clerk of the City Council of the City of Huntington Beach, California �Z� (lrrlin�rnn AT-