HomeMy WebLinkAboutCity Council - 2986 RESOLUTION NO. 2986
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF HUNTINGTON BEACH OPPOSING ENACTMENT OF
FEDERAL LEGISLATION TO IMPOSE A TAX ON IN-
TEREST PAYABLE ON MUNICIPAL BONDS
WHEREAS, it has been proposed in the United States Congress
to place a limit on the tax-exempt status of municipal bonds ; and
The taxation of interest derived from the ownership of
municipal bonds would greatly curtail the financing of municipal
projects throughout not only Orange County but the entire
nation; and
The Orange County Board of Supervisors has passed a resolu-
tion vigorously opposing the adoption of such a measure by the
Congress,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Huntington Beach that it does hereby support the stand
taken in opposition by the Board of Supervisors of the County
of Orange to the proposal to limit the tax-exempt status of
municipal bonds .
IT IS FURTHER RESOLVED that the City Clerk is hereby directed
to forward copies of this resolution to the President of the
United States ; Mr. Wilbur Mills , Chairman of the House Ways and
Means Committee; Honorable United States Senators George Murphy
and Alan Cranston; and Honorable United States Representatives
James B. Utt , Richard T. Hanna, Craig Hosmer and Charles E.
Wiggins .
PASSED AND ADOPTED by the City Council of the City of
Huntington Beach at a regular meeting thereof held on the 5th
day of May, 1969 .
Mayor
1.
ATTEST :
City erk
APPROVED AS TO FORM:
City At
2 .
Res. No. 2986
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2 STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss :
3 CITY OF HUNTINGTON BEACH )
4 I , PAUL C. JONES, the duly elected, qualified and
5 acting City Clerk of the City of Huntington Beach., and ex
6 officio Clerk of the City Council of said City, do hereby
7 certify that the whole number of members of the City Council
8 of the City of Huntington Beach is seven; that the foregoing
9 resolution was passed and adopted by the affirmative vote of
10 more than a majority of all the members of said City Council
11 at a regular meeting thereof held on the 5th
12 day of May 1969 , by the following vote:
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14 AYES: Councilmen:
15 Shipley, Bartlett, McCracken, Kaufman, Matney,
Coen, Green
16 NOES: Councilmen:
17 None
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ABSENT: Councilmen:
19
None
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21 �
City Clerk and Wofficio Clerk
22 of the City Council of the City
23 of Huntington Beach, California
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