HomeMy WebLinkAboutCC ORD 1957-918 Bonded indebtedness (Special)ORDINANCF v0.
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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 1957-58.
WHEREAS, pursuant to Section 51508 of the Government Code
of. the State of California. the City Council of CTTY 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 indebtedness
of the said City for the fiscal year 1957-58 is as follows:
ESTIMATED EXPENDITURES FROM GENERAL FUND:
Total Current and Unrestricted:
Estimated Revenue for General Fund
from al]. sources other than property
taxation $1,273.440.00
Available Funds July 1, 1957 308,718.17
$1.. 809, 966. °7
$1,582,158.17
To be raised by taxation for General Fund 227,808.80
ESTIMATED EXPENDITURES TO BE RAISED BY PRO-
PERTY TAX LEVIES FOR FOLLOWING FUNDS:
Library 59,541.02
Retirement 31,064.88
Park 62,129.73
ESTIMATED EXPENDITURES FOR BONDED
INDEBTEDNESS:
Bond No. 8 22,172.50
Available 3,824.51
To be raised by property taxation for Bonded
Indebtedness 18,347.99
SECTION 2: That the amount to be raised by property tax
for general revenue for said fiscal year 1957-58 is the sum of
$227.808.80 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 $18,347.99.
SECTION 4: That the amount to be raised by property tax
for special funds for said fiscal year is as follows:
(A Library Fund $59,541.02
rPark Fund 62,129.73
Retirement Fund 31,064.88
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.
National City. California. this
AYES:
NAYS:
ABSENT:
Attest:
i•
"Mc,
<7 -a n .
Nonn
City Clerk.
PASSED AND ADOPTED by the City Council of. the City of
/ leC day of August. 1957.
Ti0? 1 i nlrc,40-nth . 140(4,7e
� ),
Mayor of the City of Na.tibnal City,
California
I hereby approve the foregoing Ordinance this
day of August, 1957.
Wyor of the Cif% of National City,
California
I hereby certify that the above and foregoing is a full
and true copy of Ordinance No. of the Ordinances of the City of
National City, California, as adopted by the City Council of said
City, and approved by the Mayor of said City, on the day of
August, 1957.
City Clerk of the City of National City,
California