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HomeMy WebLinkAboutOrdinance 749 N.C.S. 08/08/19641: INTRODUCED . BY COUNCILMAN ALBERT J. BATTAGLI.A, JR. SEC ONDED BY ^COUNCILMAN JOHN W. CAVANAGH, JR. ORDINANCE NO. 749 N.G.S. AN ORDINANCE CALLING, A SPE- CIAL 'MUNICIPAL BOND ELECTION IN THE CITY OF PETALUMA FOR THE PURPOSE OF' SUBMITTING 'TO THE, ELECTCIRS.'OF' SAID CITY THE MEASURE'_OF. INCURRING A, BONU ED INDEBTEDNESS OF. SAID CITY FOR. THE ACQUISITION, CON) STRUCTION AND COMPLETION OF THE 'FOLLOWING MUNICIPAL IM- PROVEMENT, TO WIT: LIBRARY; DECLARINv' THE' ESTIMATED• COST OF `SAID MUNICIPAL IMPROVE- MENTi,, - THE AMOUNT OF THE iPRINCIPAL OF SAID INDEBTED. : NESS 'TO; BE INCURRED THEREFOR, AND `THE MAXIMUM 'RATEI O? INTEREST TO BE PAID THS°_ON: iMAKING PROVISION' FOR 'THE L E V Y AND COLLECTION OF TAXES: AND„_,FIXING;. THE DATE OF SAID ELECTION, THE MANNER OF.HOLDING THE''SAME, PROVID- ING FOR NOTICE THEREOF, AND CONSOLIDATING SAID SPECIAL MUNICIPAL 'BOND .ELECTION WITH THE 'STATE `OF CALIFORNIA GSN- ERAL ELECTION Tdi BE 'HELD ON NOVEMBER 3, 1964. WHEREAS ;, the Council of the City of Petaluma by resolution daily passed`.and; adopted at a meeting of the Council 'duly and regularly held, by affirmative 'vote of mor ,, than two-thirds of all its members. did determine that the public inter- est and necessity demand the acaut- 'sition, construction and completion of thei municipal improvement h�rc- inafter.. mentioned, and did further determine that the cost of said pro - 'nosed municipal improvement will be too great to be paid out of the ordinary annual income and revenge of said municipality and that said municipal improvement will r quire an expenditure greater, than th amount allowed therefor by the rn- nual "tax levy,, and will re the Incurring of a bonded indebtedpe�s therefor, which resolution was du!y entered on the minutes of sazfl meeting of the Council, and iz r� on file'and of record in the nf. "icy of said City; NOW, T_: 3- FORE, BE IT ORDAINED FY THY, COT CIT, OF THE CITY OF PETALUfJA AS FOLLOWS: Section 1. A special "municipal bon'!. election be and is hereby oidcr_:1 and -will be - held in the Cit? o: Petaluma (hereinafter called "th^ City ") ,on Tuesday, November 3. 193?-. at which election' shall be submitt ^d In the qualifiedelectors of the City f.lie 6desti6rt of incurring a bonded indebtedness of the City for the -ob- ject and purpose set 'forth to the following measure, to wit: MEASURE' (A) (Library): Shall. the City of Petaluma in., rium, . he Cit of Petaluma? ;estimated cost of the muni- Improveinerit as set forth In ail other fees incidental to or con. nected with the authorization, Ism- ance:and sale of'the Bonds evidenc- ing the indebtedness proposed to be incurred for such municipal im= provement and the costs of printing said'. Bonds and all other costs and expenses incidental to or connected with the authorization_ , issuance and rile of said l onds) is the j of 5 OA01 and the amount of, the In. ed, ^e_a vrnnused to be incurred for aid mu_ in,' 'improvement is th2 suni of $650,000. coon 2. The Council does hereby s„bniiti to the qualified electors of the _City ._at saith aoecial riuncipal bond election said measure set, forth in Section 1 of thin ordinance „and designates and refers to said,measure In the form of ballot 'b ireln2fter prescribed for use at 'said election. (a) Said special municipal bond election, shall bey held and condticted. and the votes thereof: canvassed, and the returns thereof made, and the. result thereof ascertained and de termined,'is herein provided; and in all particulars not prescribed' lr” this ordinance, said election shill be held as providedd'`:by lamb for the holding of municipal elections in the City. (b) . All persons qualified to v.,te at municipal elections in t},-- Citv at lem efld4Cn snau ne en.ed nt '7:00 o'clock A.M. of said day of election and; shall be k ^mot - nnen continuously " reaftei= until 700 o',clock P.M. of said day of elec- tion, when the polls -shall he cln"A (exrent rs nrovided In Section V435 of the Elections Code), and the clec- tion officers 1 shall'th6reupnn orocrzd to canva the ballots cast there, (ii) Said special municipal election hcrebv called shall be and is hereby consolidated with the State of Caui fornia General Election to be 'held in said City of Petaluma on Novem, her 3, 1964, all as required by and pursuant to law; and the election precincts; polling places and nfflc`crs of election within the City of` Peta- luma for the special municipal bond election hereby called, shall be thos-� selected and designated by the Bo :.rd of. Supervisors of 'Sonoma County for said €eneral election and set forth or to be set forth in the notice of election . officers and. polling nlaces for said general election "pub- lished or to be published by the County Cleric of said County, as re- quired by law, to which notice '.rer- erence is hereby specifically made for a designation of the precincts, polling places, and election offlcers of th- special munlcipal bond elec- tion hereby called. Only qualified voters of the City shall be permitted to dote at said special municipal bond . election. Th^ board of Super- visors of said County is authorized to canvass, or cause to be canvassed, the returns.of said special municinal bond election with resnect to the vote's cast in the City and to c ^ -rtify the results to the Council. (e) Only one form of ballot shall be used 'at said general election and said special mulAcipat bond election hereby consolidated there- with, which, in addition to all other matters required by law to be r. +_int- ed thereon, shall. state the measure sets `forth An Section 1 lieraof. Each wotci to vote foi'said ineisui�e here- by submitted shall sta.nn n cross (X) in the .blank space ;oppositn the word "YES" on the ballot to the right of said measure, an.d to vote against said `measure shall stam a cross (X) in the blank space oD o- site the word `SVO" on the ban,t . to the right of said measure. On absent voter ballots the cross (Y) may be marked with pen or pen ^P. Absent. voter' ballots setting forlh said imeasure .shall be issued to ?ualified electors residing within thn City entitled thereto, in the manner provided by law, and such 'absent voter ballots "shall likewise be cap- (f) At the next regular' meet'n.; of the Council occurring after the returns of said special mimic :7nl bond election have been canvassed, or caused to be canvassed, by tie Board of'5upervisors of said County, grid the certification of the results, thereof to the Council, or at a sne cial meeting called thereafter for such purpose, the Council shall cause+ to be spread upon its minutes a statement of the results of said snc- clal municipal bond "election as as- certained by said canvass. Section 3. The Council proposes to Issue and sell bonds of the 'City for the object and' purpose; but not exceeding, the amount, specified 'n said measure, if two - thirds of the qualified electors voting on such measure at said special municipal bond election shall vote in favor of said measure. Said bonds shall be negotiable in form and of the character known as serial, and shall bear interest at a rate of not to exceed six (6) per cent per annum, payable semiannual - ly (except that interest for first year after the date^ of said bonds may be, made payable at or before end nd of said year). Provision is hereby made for the payment o£', the principal of and interest on said bonds as follows: At the time of making the general tax levy after Incurring the bonded indebtedness, and annually thereafter until the bonds are paid or until there is a sniu in the treasury set apart for that purpose sufficient to meet all payments of principal and interest on the bonds as they become due, the.Council si:all levy and collect a tax sufficient to pay the interest on the bonds and such p ?rt of the principal as will b ^coree due before the pzoceeds of a tax levied at the next general tax levy will o.- avail - able; provided, however, thnt if said bonds are ut to be issued it said elution, and it is expected Cunt all m• any part of, said bonds w be sold at such dire that tn. Dr- ncipal of or int ^rest on such bons dill become clue before the procce is of It tar levied after such sale. - woeld he available to pay such pri.ci?cl or interest. the Council ^.t Cite time of filing the - annual tax levy, may levy-a tax in an amount rle sly sufficient to pay thit tion of the principal of and interest-" on said bonds which It is exozcte1 - Nvill become due before the nroceeds;- 6f the ne. succeeding tax levv'will' be available. If the earliest maturity of the bonds is more than one year after the date of issuance, t! Connell shall levv and collect an- nually a tax sufficient to pav t'i, interest_ as it..falls due and to co . stitute a sinking fund for the Pay, m eat of the principal on or before ma :iirity. Such taxes shall be levied and, collected as other City tax ^_s and shall be in addition to all ot' taxes znd shall be used only for naylr.ent rif the bonds and the in- terp.st thereon. Sett - son 4. The City Cleric of the Cite is directed to publish this ordi- nance once at least two d.2vs n ^fora ado "i.on in the PETALUMA ARGUS- COTiRIER, the official rnws- pap^r of th City, The Cit C!er'c o Vie City is also hereby directeO, , —nn the nassa ^e and ndnntion nl this crdir^nce, to publish the sari once a dry for at last sev— hs r!a 4, , th.P PETALUMA AT;rL COUBJ?R, which Is a newsnap ^r of ^cn ^ra l circulation publish°d at 1--,t six (6) days a week in the Ctr, and Fnch ,pnblication shall cnn- Sl;tute notice of said election. No nt` —r notice of the election hereby c ' e need he ,given. t'on 5. This ordinance shall be f 'iwith ent ^red upon the minutes n" f'iz Council ?nd in the Ordinance 1 3r -% of the City. This ordinance, mein^ an ordirance calling and or- dering an elrAfon, shall take effect fm7l and rfter its final passage and annroval. PASSED AND ADOPTED this 8th day, of September, 1964, by the fol- lowing vote: AYES: Councilmen BRAINERD, CAV ANAGH. JR., EI.LIS, GANS AND MAYOR VAN BEBBER. NOES: COUNCILMAN COLIN. ABSENT: COUNCILMAN BATTAG- LIA. NORMAN P. VAN BEBBER Mayor of the City Attest: LILLIAN NOMMSEN City Clerk The foregoing ordinance was pre- sented to pie for approval and is hereby 'approved this 8th day of Septernher, 1964. NORMAN P. VAN BEBBER Mayor of the City ADDENDUM: INTRODUCTION OF ORDINANCE PASSED BY THE FOLLOWING VOTE ON 8/24/64: AYES: COUNCILMAN BATTAGLIA, BRAINERD, CAVANAGH. JR., El. LIS.' GANS, AND MAYOR VAN BEBBER. NOES: NONE. ABSENT: COUNCILMMAN 'COLIN. I-hereby certify that the within ordinance was published in full once in the Petaluma Argus - Courier, a daily paper of general circulation, published within the City of Petaluma, to -wit: August 28, 1964, and that the said Petaluma Argus- Courier is the. official newspaper of the City of Petaluma. I hereby certify that the whole number of members of the Council of the City of Petaluma is seven and that the fore - going ordinance was passed by the Council at its meeting of the 8th day of September, 1964, by the following vote, to -wit: AYES: Councifien Brainerd, Cavanagh,Jr., Ellis, Gans and Mayor Van.Bebber. -- Noes: Councilman Colin. ABSENT: Councilm n Bat aglia, Jr. ATT City Jerk (SEAL) The foregoing Ordinance Number 749 New Charter Series; having been regularly passed and presented to me this 8th day of September, 1964, is hereby approved by me this 8th day of September, 1964. Effec•t/'lve date -fir •, . _ ... Mayor 8, 1964 r1 I,--.