HomeMy WebLinkAboutCC ORD 1959-953 Bonded indebtedness (Special)ORDINANCE NO.
To be raised by taxation for General Fund
ESTIMATED EXPENDITURES TO BE RAISED BY PROPERTY
TAX LEVIES FOR FOLLOWING FUNDS:
Library
Retirement
Park
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 1959-60.
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 indebtedness
of the said City for the fiscal year 1959-60 is as follows:
ESTIMATED EXPENDITURES FROM GENERAL FUND: $1,977,418.14
Total Current and Unrestricted:
Estimated Revenue for General Fund from all
sources other than property taxation . . . $1,456,775.00
Available Funds July 1, 1959 275,743.14
$1,732,518.14
?i1J1, 900.00
$68,200.00
49,600.00
80,600.00
ESTIMATED EXPENDITURES FOR BONDED INDEBTEDNESS:
Bond No. 8 $21,667.50
Available 3,073.98
To be raised by property taxation for
Bonded Indebtedness $19,530.00
SECTION 2: That the amount to be raised by property tax
for general revenue for said fiscal year 1959-60 is the sum of
$244,900.00 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 $19,530.00.
SECTION 4: That the amount to be raised by property tax
for special funds for said fiscal year is as follows:
(A) Library Fund $68,200.00
(B) Park Fund 80,600.00
(C) Retirement Fund 49,600.00
after all 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 of the City of
National City, California, this r' day of
AYES:
NAYS:
ABSENT:
ATTEST:
N r
" 1- L
a
1959.
Mayor of the City of National City, California
City Clerk
I hereby approve the foregoing Ordinance this /•: day of
,1959. Z
/
Mayor of the City 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, asadac•opted by the City Council of said City,
and approved by the Mayor of said City, on the day of ,
1959.
City Clerk of the City of National City,
California