HomeMy WebLinkAboutCC ORD 1953-850 Bonded indebtedness (Special)Ord. No. 850 — Page 1
ORDINANCE NO 850
ORDINANCE DETERMINING AMOUNT OF REVENUE NECESSARY FROM
PROPERTY TAXES FOR SUPPORT OF ITS DEPARTMENTS AND TO
PAY BONDED INDEBTEDNESS OF CITY OF NATIONAL CITY, CALI-
FORNIA, FOR FISCAL YEAR 1953-54.
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 indebt-
edness;
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
Clty Government and to pay the bonded indebtedness of the said City for the
fiscal year 1953-54 is as follows:
ESTIMATED EXPENDITURES FROM GENERAL FUND:
Total Current and Unrestricted: $ 889,568.42
Estimated Revenue for General Fund from all sources
other than property taxation: $520,003.00
Available Funds July 1, 1953 . 226,990.13
$ 746,993.13
To be raised by taxation for General Fund:.. $ 142,575.29
($17.074.886.40 valuation after delinquencies at .835 per $100.00 equals $ 142,575.29)
ESTIMATED EXPENDITURES TO BE RAISED BY PROPERTY TAX LEVIES
FOR FOLLOWING FUNDS:
Library .. ..$ 16,221.14
Retirement 28,173.56
Park 16,221.14
($17,074,886.40 valuation after delinquencies at:
.095 per $100.00 equals $ 16.221.14
.165 per S100.00 equals 28,173,56
.095 per $100.00 equals 16,221.14
ESTIMATED EXPENDITURES FOR BONDED INDEBTEDNESS:
Bond No. 6 $ 6,375.00
Available 1,572.69
To be raised by property taxation for Bonded Indebtedness . $ 4,802.31
Bond No. 8 $ 25,548.75
Available . 12,742.59
To be raised by property taxation $ 12,806.16
SECTION 2: That the amount to be raised by property tax for general
revenue for said fiscal year 1953-54 is the sum of S142,575.29 after delinquencies.
SECTION 3: That the amount to be raised by property tax necessary to
pay the bonded indebtedness of BOND NO. 6 for the said fiscal year is the
sum of $4,802.31 after delinquencies.
SECTION 4: 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 S12,806.16.
SECTION 5: That the amount to he raised by property tax for special
funds for said fiscal year is as follows:
(A) Library Fund $ 16,221.14
(B) Park Fund 16,221.14
(C) Retirement Fund 28,173.56
all after delinquencies.
SECTION 6: That this ordinance shall take effect on its passage and adop-
tion, 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 lath day of August, 1953, by the following vote, to -wit:
AYES: Councilmen Carrigan, McClure, Parchen, Sarn.
NAYS: Councilmen None,
ABSENT: None.
FRANK J. SARN.
Mayor of the City of
National City, California
A'ITF.ST: Irene M. Alston,
City Clerk.
I hereby approve the foregoing Ordinance this lath day of August, 1953.
FRANK J. SARN.
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. 850 of the Ordinances of the City of National City,; California,
as adopted by the City Council of said City, and approved tly the Mayor of
said City, on the l8th day of August. 1953. �.r
(Signed) IRENE M. ALSTO1P,a-✓ `jam% r/
City Clerk of the City of
National City, California.
News, It. Aug. 21. Jno. 3371.
A\T T 11 l:RI: tY CI :RTIFY that
the seitneilas been duly pgblished ac-
cording to law.
i
,4/((t
City Clerk, City of
National City, California.