HomeMy WebLinkAboutCC ORD 1960-974 Bonded indebtedness (Special)ORDINANCE NO.
ORDINANCE DETERMINING AMOUNT OF REVENUE NECESSARY FROM PROPERTY TAXES
FOR SUPPORT OF ITS DEPARTMENTS AND TO PAY BONDED INDEBTEDNESS OF CITY
OF NATIONAL CITY, CALIFORNIA, FOR FISCAL YEAR 1960-61.
WHEREAS, pursuant to Section 51508 of the Government Code
of the State of California, the City Council of CITY OF NATIONAL CITY,
CALIFORNIA is required to fix the amount of revenue, from property
taxes, necessary to support its departments for the current year and to
pay the bonded indebtedness:
NOW, THEREFORE, the City Council of CITY OF NATIONAL CITY
does ordain as follows:
SECTION 1: That the City Council of City of National City
does determine that the amount of revenue required for the operation
of departments of the City Government and to pay the bonded indebted-
ness of the said City for the fiscal year 1960-61 is as follows:
ESTIMATED EXPENDITURES FROM GENERAL FUND:
Total Current and Unrestricted:
Estimated Revenue for General Fund
from all sources other than property
taxation $1,554,541.64
Available Funds July 1, 1960 . . 306,817.89
To be raised by taxation for General Fund
ESTIMATED EXPENDITURES TO BE RAISED BY PROPERTY
TAX LEVIES FOR FOLLOWING FUNDS:
Library
Retirement $80,838.33
56,235.36
Park 91,382.46
$2,142,536.33
ESTIMATED EXPENDITURES
Bond No. 8
Available
To be raised by property taxation for
Bonded Indebtedness
FOR BONDED INDEBTEDNESS:
$20,662.50
4,536.33
$1,861,359.53
281,176.80
$17,416.20
SECTION 2: That the amount to be raised by property tax
for general revenue for said fiscal year 1960-61 is the sum of
$281,176.80 after delinquencies.
SECTION 3: That the amount to be raised by property tax
necessary to pay the bonded indebtedness of BOND NO. 8 for the said
fiscal year is the sum of $17,416.20.
SECTION 4: That the amount to
for special funds for said fiscal year is
be raised by property tax
as follows:
(A) Library Fund . . . $80,838.33
(B) Park Fund 91,382.46
(C) Retirement Fund . 56,235.36
all after delinquencies.
SECTION 5: That this Ordinance shall take effect on its
passage and adoption pursuant to Sub -section (d) of Section 36937
of the Government Code of the State of California.
PASSED AND ADOPTED by the City Council yff the City of
National City, California, this 3_Jday of ..�
1960.
AYES: !'= ^ , i _ � ; ±., n ' - E
day o
NAYS:
ABSENT
Mayor o the City o, tiona2 City,
alifornia
'City Clerk
I hereby aprove the foregoing Ordinance this _9'
, 1960.
Mayor o the Cityo 4 -'I 4
N Tonal City,
l if or ni a
I hereby certify that the above and foregoing is a full
and true copy of Ordinance No. e of the Ordinances of the
City of National City, California, s adopted by the City Council
of saild City, and approved by the Mayor of said City, on the
day of ► 1960.
City Clerk of the City of National City,
California