HomeMy WebLinkAboutCC Ord 725 1967-08-07
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ORDINANCE NO. 7:z ~",
AN ORDINANCE OF THE,CITY COUNCIL
OF THE CITY OF SEAL BEACH ADDING
CHAPTER 4B TO THE SEAL BEACH CITY
CODE RELATING TO THE ISSUANCE AND
SALE OF REVENUE BONDS.
WHEREAS, the City Council of the City of Seal
Beach, acting under and pursuant to the powers reserved
to the City under Sections 6 and 8 of Article XI of the
Constitution of the State of California and Section 200
of the Charter of the City of Seal Beach, finds that the
public interest and necessity require the establishment
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by this procedural ordinance of procedures for the issuance
and sale of revenue'bonds for certain purposes.
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NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF
SEAL BEACH DOES ORDAIN AS' FOLLOWS:
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Section 1. Chapter 4B is hereby added to the
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City - Code of' tt,te ,Cit'y ,of Seal: Beach, . to, read as follows:
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"Chapter 4B. BONDS - REVENUE. ,
"Section 1. The City Council, exercising
the powers' reserved to the City under Sections
6 and 8 of Article XI of the Constitution of the
Stat'e of California and Section 200 of tl1e
Charter of the City, may when the public interest
and necessity require, by resolution or resolutions,
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issue and sell revenue bonds to provide funds for
the acquisition, construction, improvement or
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TH~ CiTY CL~i<i<'S Of-:':ICE
Ordinance Number
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financing of a, revenue producing improvement,
building system, plant, works, facilities,
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or undertaking, for the following purpose:
the obtaining,' conserving, treating and
supplying of water for domestic use, irrigation,
sanitation, industrial use, fire protection,
recreation, or any other pUblic or private
uses,. including all appurtenances to any of
the foregoing."
"Section 2. The procedure for the
issuance and sale of revenue bonds shall be
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the procedure set forth in the Revenue Bond
Law of, 1941 (commencing with Government Code
Section 54300), and by this reference, with
the exception hereinafter stated, the provisions'
of said Law 'are incorporated herein; provided,
however, that no election to authorize the
issuance. of said bonds shall be held, and to
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that ,end. se,;ti~ns ,54380 through. 54387 ,of ,said
Government Code are ,not incorporated herein
and shall not b~ applicable to the issuance
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of said revenue bon.d:;l:'~.
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.Section 2. Said Chapter 4B shall be liberally
construed.
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Section 3. The City Clerk shall certify to the
passage of this ordinance by the City Council of the City
of Seal Beach and. shall cause the same to be posted
according to law. This ordinance shall take effect thirty
(30) days after its final passage and adoption.
2.
Ordinance Number
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PASSED, APPROVED AND ADOPTED by the City
Council of the City of Seal Beach at a regular rneet'ing
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of said Council held on the
7PG
day of ,
a~r4.1J%
, 1967.'
ATTEST:
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STATE OF CALIFORNIA,
COUNTY, OF ORANGE'
. CITY .oF , SEAL BEACH
'~ "ss.,
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, ,;1, FREDERICK W. HTCKM8N ," C.ityClerk of
the City of" Seal Beach , alifornia', DO HEREBY
, CERTIFY tha~the ,foregoing ordinance ,was ,introduced at ' ,
a " 4~'I...~, regular'meeting of theC1.ty Council '
diiTy he on ,the , /7.z:;tG day of ~v " , 19fz..,
and thereafter at a /i~d.....~" re'g,ular meeting of ',' ,
. sai City COl,lnc1'l duly hel 'on the 7110 day of " ,"
. , 19t7 , was duly passed and adopted by ,
sa y ouncil anasigned and',approved by the Mayor:of ' ,
said City,.and that said ordinanc~~aa pas~ed and adopted
by the following vote, to wit:' '
,Councilmen 14~4,L,. '%~fL',
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, ' Councilmen' 7t../ff;{~
, ABSENT:' Councilmen .Z>A.P~
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"~-()~4'~"'~rt' /
..C Y lerk ,of the' y of
Seal Beach, California.
(SEAL)
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