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Home My WebLink About1959-06-02; City Council; Resolution 553RESOLUTION No* 553 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARZSBAD, CALIFORNIA, ORDERING, CALLING, PROVIDINQ FOR AND GIVING NWICE OF A SPECIAL MCTNICIPAL ELECTION TO BE HELD IN SAID CITY ON TUESDAY, JULY 28,1959, FOR THE PURPOSE OF SUBMITTING TO THE QUALIFIED VOTERS OF SAID CITY A PROPOSITION FOR THE ISSUANCE OF WATER FBVENUH- BONDS BY SAID CITY AND CONSOLIDATXNG SAID ELECTION WITH THE SPECIAL MUNICIPAL ELEZTION TO BE HELD IN SAID CITY ON SAID DATE. The City Council of the City of Carlsbad, California, DOES HEREBY RESOLVE, DETERMINE AN9 ORDER as follows: Section 1. That a special election be held and the same is hereby called to be held in the City of Carlsbad, California, on Tuesday, the 28th day of July, 1959, for the purpose of submitting to the qualified voters of said city the proposition of issuing water revenue bonds pursuant to the Revenue Bond Law of 1941 (Chapter 6, Part 1, Division 2, Title 5 of the Government Code of the State of California) in the amount and for the objects and’purposes hereinafter set forth, including all expenses incidental thereto or connected therewith. Section 2. That the purpose for which said bonded indebtedness is to be incurred and revenue bonds issued there- for is as follows: The acquisition, construction and financing of extensions, enlargements and improvements of the water system of the City of Carlsbad, including eo works and facilities for the storage, transmission and distribution of water, the reconstruction of parts of said system, and the acquisition of land, easements, rights of way and other property necessary therefor, and including all engineering, inspection and legal fees, costs of the issuance of said revenue bonds, bond reserve funds, and other costs and expenses incidental to or connected with suoh acquisition, construction and financing. Section 3. That the estimated cost of such acquisi- tion, construction and financing is $300,000. That the princi- pal amount of the bonds proposed to be issued is $300,000, That the maximum rate of interest to be paid on said bonds shall not exceed the maximum rate permitted by law, to wit, six per cent (6s) per annum, payable annually for the first year and semiannually thereafter, the actual rate or rates of interest on said bonds to be determined at or prior to the time of the sale or sales thereof. Secttion 4. That if the proposition for the incurring of bonded indebtedness so submitted receives the requisite number of votes, to wit, the votes, of a majority of all the voters voting on the proposition, revenue bonds as provided herein in not exceeding the principal amount stated in such proposition shall be issued and sold for the purpose set forth herein, Said bonds are to be revenue bonds payable exclusively - from the revenues of the enterprise and are not to be secrured by the taxing power of the City of Carlsbad. Section 5. That the enterprise referred to herein is defined to be the entire water system of the City of Carlsbad including all improvements and extensions later constructed or acquired. Section 6. That the polls for said election shall be opened at seven o'clock A.M., of the day of said election and shall remain open continuously from said time until seven o'clock P.M., of the same day, when said polls shall be closed, except as provided in Section 5734 of the Elections Code of the State of California. Section 7. That on the ballots to be used at said special election, in addition to any other matter required by law, there shall be printed substantially the following: MARK A CROSS (+) ON BALLOT ONLY WITH RUBBER STAMP; NEVER WITH PEN OR PENCIL. (ABSENTEE BALLOTS MAY BE MARKED WITH PEN AND INK OR PENCIL.) INSTRUCTIONS TO VOTERS To vote on any measure, stamp a crost (+A in the voting square after the word YES or after the word 'NO". All marks, except the cross (+) are forbidden. All distinguishing marks or erasures are forbidden and make the ballot void. If you wrongly stamp, tear or deface this ballot, return it to the inspector of election and obtain another. On absent voter ballots mark a cross (+) with pen or pencil. 0. 0 I * . . . . c * . . . . PROPOSITION W - WATER : : BONDS: Shall the City of : Carlsbad issue water revenue : bonds in the principal sum of : construction and financing of : improvements of the water system : : of said city, including works : and facilities for the storage, : : transmission and distribution’ : of water, the reconstruction of : : parts of said system, and the : acquisition of land, easements, : . .. : property necessary therefor, : and including ,all engineering, .: :_inspection and -legal fees, : costs of the issuance of said : NO : : revenue bonds, bond reserve : funds, and o%her costs and : expenses incidental to or : connected with such acquisition, : : construction and financing? . . . . . . . . * . 0 . . . . : $300,000 for the acquisition, ’- . . . . . . * . : extensions, enlargements and :YES: c . . . . . . . 0 . . . . . . . . . . I . . : rights of way and other ’ I‘ . . . . . . . . . . . . 0 . . . . . . . 0 . . . . . Section 8. A cross (+) placed in the voting square after the word WE5’t in the manner hereinbefore provided shall be counted in favor of the adoption of the proposition. A cross (+) placed in the voting square after the word “NOP’ in the manner hereinbefore provided shall be counted against the adoption of the proposition. Section 9. That the manner of holding the election shall be as - provided in this resolution and the manner of voting on the Issuance of bonds shall be as provided in this resolution. election shall be held and the votes canvassed pursuant to law for general municipal elections held in the City of Carlsbad. That In all particulars not herein recited the .! ion 10. That the special election hereby called shall be and is hereby ordered consolidated with the special 4. 0. municipal election to be held in said city on Tuesday, the 28th day of July, 1959, and such elections shall be held in all respects as if there were only one election, and only one form of ballot shall be used thereat. The precincts, polling places, and officers of election for this special election shall be the same as those provided for said special municipal election, and said precincts, polling places and officers of election are set forth in the ordinance providing for said special municipal election, to wit, Ordinance No. 1065 , adopted June 16, 1959, and entitled "An ordinance of the City of Carfsbad, California, ordering, calling, providing for and giving notice of a special election to be held in the City of Carlsbad on the 28th day of auly, 1959, for the purpose of submitting to the qualified voters of said city three propositions to incur bonded indebtedness by said city for certain municipal improvements. That the City Clerk shall certify It Section 11. to the passage and adoption of this resolution and shall cause said resolution to be published once a week for two (2) succeeding weeks prior to the election in the CARLSBAD JOURNAL, a newspaper of general circulation published less than six (6) days a week in the City of Carlsbad. notice of such election need be given. No other Section 12. This resolution shall take effect upon its adoption. ADOPTED, SIGNED AND APPROVED this 2nd day of Y of City Clerk of th e Cit Carlsbad, California. (SEAL) 0. *, 0. STATE OF CALIFORNIA COIJIPI"I' OF SAN DIEGO CITY OF CWBAD I, J. €3, PRICE , City Clerk of the City OF Carlsbad , California, DO HEREBY CERTIFY that the foregoing resolution was duly adopted by the City Council of said city and was approved by the Mayor of said city at a regular meeting of said City Council held onthe 192, and that it was so adopd%kf%o~~:A' Coats and McPherson. NOES : Councilmen None ABSENT: Councilmen None City Clerk of the City of (SEAL) Carfsbad, California -