HomeMy WebLinkAboutResolution 5874 N.C.S. 09/07/1971 •
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RESOLU71I0N NV. 5874
‘44144
RESOLUTION OF INTENTION TO ISSUE
BONDS FOR SEWER PROJECT
INTRODUCED BY COUNCILMAN / and
SECONDED BY COUNCILMAN , at a
Regular Meeting at the City Council of the City of
Petaluma on the 7th day of September , , 1971.
WHEREAS , the Regional Water Quality Control Board
has requested the City of Petaluma to improve its sewerage
treatment; and
WHEREAS, in order to do so, it is necessary to fi-
nance the project through the issuance of bonds ;
NOW, THEREFORE, BE IT RESOLVED that the City Council
of the City of Petaluma declares that it intends , and will before
January of 1972 , call an election for the issuance of general
obligation bonds to finance the required sewer improvement, or
the City will exercise the authority granted by Ordinance No.
1026 N.C . S. to issue revenue bonds to. accomplish the same purpose--
that is the improvement of the sewer system. Should an election
for general obligation bonds fail, the City will use its author-
ity under Ordinance No - 1026 N , C . S , to issue revenue bonds .
I hereby certify that the foregoing reso-
lution was duty and regularly .introduced
and adopted by the Council of the City of
Petaluma on the 7th day of September
1971 , by the following vote :
AYES :. COUNCILMEN CAVANAGH, JR. , CLECAK, DALY, PERRY,JR. , AND
MAYOR PUTNAM.
NOES : NONE.
.
ABSENT: COUNCILMEN BRUNNER AND MATTEL .
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