HomeMy WebLinkAboutCC ORD 1946-725 Capital outlay fund (4.08)"
ORDINANCE NO. 725
AN ORDINANCE PROVIDING FOR
THE CREATION AND ACCUMU-
LATION OF A FUND FOR CAPI-
TAL OUTLAYS
The City Council of the City of
National City does ordain as fol-
lows
SECTION 1: There is hereby -crea-
ted a, fund to be known as the "Capi-
tal Outlay Fund."
SECTION 2: Said fund shall be an
accumulation of moneys of said city
as a reserve for future expenditures.
All unincumbered surplus funds re-
maining on hand in the general fund
of the City of National City at the
end of each fiscal year may be
transferred to such fund.
SECTION 3: This fund shall re-
main inviolate for the making of any
capital outlays and no moneys shall
be disbursed therefrom except for
such a purpose.
SECTION 4: The City Clerk is
hereby directed to publish this or-
dinance once in the National City
News. a newspaper of weekly circu-
lation, printed and published in the
City of National City, California.
PASSED AND ADOPTED by the
City Council or the City of National
City, California, this 31st day of
October, 194l, by the following vote,
to -wit :
AYES:: Councilmen Cordingly, New-
berry, Thatcher, Fritz.
NAYS; None.
ARSENT: Adams.
GILBERT E. FRITZ,
Mayor of the City of
National City, California.
ATTEST; FRANK W. ROGERS,
City Clerk.
I hereby ap
prove the foregoing
Ordinance this 31st day of October,
1946. •
GILBERT E. FRITZ,
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. 725 of the Ordinances
of the City of National City, Califor-
nia, as adopted by the City Council
of said City, and approved by the
Mayor. ..of said City, on the 3lst da
of October, 1946. ��'�
RANK W. t
_''
.r'.•. Ctty Cl k t-
Natio a ..4:"it Oily
News:1-att 11 ,• dno: 12217
AND I HEREBY CERTIFY
that the same has been
duly published accord-
ing,/to law.
CITY CLERK, CITY_ OF
NATIONAL CITY, CALIF-
ORNIA.