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Home My Public Portal AboutOrd. 0269y ORDINANCE— NW '26.P � AN ORDINANCE'OF THE CITY, COUNCIL OF THE.,CITY -OF LYN "1100➢, CALIFORNIA, CALLING, FOR A CONSOLIDATED: •ELECTION TO BE HELD IN THE CITY OF'ZYNWOOD"ON TUESDAY, THE '14th DAY OF AP?IL," 1936; SUB :MITTING TO THE,QUALIFIED:VOTERS`OF SAID CITY THE 'PROPOSITION OF INCURRING A BONDED DEBT IN THE SUM OF :TWO HUNDRED AND NINETY'F'IVE THOUSAND'DOLLARS. •.FOR`'THE CONST3UCTION AND/OR ACQUISITION CERTAIN LIGHT AND,"POIVTER,WOM CONSISTING OF,A.DISTRIBUTION SYSTEM FOR TI TRANSMISSION AND' SALE OF ELECTRICITY FOR LIGHT, BEAT, POWER AAD OTHER PURPOSES, INCLUD- ING DISTRIBUTION "SUB= STATIONS` SWITCHBOARDS" TRANS - FO- EkLERS.AND ALL OTHER NECESSARY APPURTE'NANCE&, IN " ;'THE 'CITY' CF LYNWOOD', AIuT ESTABLISHING C'ONS03,IDaTED ELECTION -PRECINCTS AND VOTING PLACES A1D NAIIIIVG . ELECTION OFFICERS.FOR SAID ELECTION.)' WHEREAS, City'Council of the'City of lynwCod; California at , a. regularly called'speeial meeting held.on the 26th day of Feb ruary, 1936 by a, vote of two- thirds of'•its members' duly passed`.' and adopted a resolution No. ..956,: determining that the publ "ic I. interest, convenience and necessity demand the 'construction of* a municipal- improvement, to -wit the construction an r acquisition of certain` light and power works consisting of a distribution. sys- . tern for-the transmission and sale,of electricity for ligitLng, heat, 'cower and other purposes including distribution substations, switchboards,. transformers.and all. other "necessary appurtenances, ..in the City. Lyh wgod, 'and. I,.WHERBAS the estimated cost of said municipal improvement'is the sum of ,Two Hundred and, Ninety Five, Thousand;Dollars, and said. cost. is, and will be greater, than the amount allowed: for, such improvement' by the .annual tax ` levy and. too great to' „be -paid' out of the ordin- ary annual' income' and revenue of the City of Lynwood. NOW,,THEREFORE, The City Council The City of.ly4wood does ordain as follows: Section 1 : That'a consolidated municipal election is 'hereby oalled', and.shall.ba . in the City o' 'Lynwood, on Tuesday, the J: 14th day.of April 1936 for the object and purpose of .submitting tq. the qualified voters of "said, City the: ,proposition of, incurring a ' `bonded ' debt.for - the • purVoses set forth in said `resolut on and •hereinafter stated... 4 Section 2 : That the object and purpose for which said bonded, • debt'- is'nroposed to be incurred is•.the following 'to- wi't: The construcifon and /or acquisition.of certain light,and. power , works consisting of a' distribution system for the transmission - and sale= of,eleetricity for. light,. heat, power and including distribution stations,. switchboards, transformers.and all other necessary`appurtenances, An the C ity of Section. That estimated cost of said improvement: above 'described is 'the sum 'of Two Hundred:and`Nine,ty Five Thousand Dollars and that he amount the principal of the indebt6dness to be incurred therefor is the sum of Two Hundred.and Ninety Five'" Thousaiid.Dollars', and that the maximum rate of 'interest: to :paid on: said principal is six (6 ) pare entum.,per annum;,,x)ayable semi - annually, .ri ich rate' shall not be exceede'd'in the issuance of bonds for said• kndebtedness;. That if the preposition of incurring tne.' for `• the 'aforesaid•purpose so 'submitted at `suoh election receives the required number of votes of the qualified ,•electors. of: said -City :,•`. at said election, b'cnds' of said ,City to the amount •of Two. Hundred, and Ninety Dollars shall. be issued aid sold for• the' ,nurpese of making said public i�p Said bonds shall bear interest at.a rate not 'six (6 %) per centum.per.,annum; ' payable, semi = annually and` the - principal and interest thereon- shall be laid in law ful `money of .the'United States.. A Section 4: ; For the 'purpose of paying 'the..principal. and interest of said 'bonds,' the City Council of the City of Lynwood- shq.11, at.,the time of fixing : 'the general tax levy, and in the manner Yor such general tax levy provided; °levy and " dol.lect annually " each year until said bonds are paid, or until there-shall be.a sum, in the treasury of said ci,ty', set, apart for that. our - nose; to meet ,all sums coming due • for principal and interest•on said bonds, a „ tax sufficient. to pay the .annual interest .on said bonds, , and, also such part -of "th e, princi as shall become - due before the time,foro fixing the "next general tax le ty, provi,ded� however, that if t'h' e maturity of the indebtedness created by -the aforesaid bonds be� made to -b'egin more than one year. after "tile date o£ the'•i'ssua,nce of'said. bonds,. such tax shall be levied and collected at -the time and.in. the rranner aforesaid`, ennuaTly,.each. year, sufficient ,to fray the interest on such indebtedness • as `'it fall's `due;. and -also to x constitute a sinking fund for the payment .off the rori- ncipal thereof;, , on "or .beiore.maturty, - Said tax'snall be .inra "dditiori 'to "all 'other ` taxes levied for r un "ici pal l " ourposes and'shall. be collected at the • time "and in the same manner ss other municipal taxes are ;collected, and be used for no, other,,purpose thsn the payment of;.said bonds, and accruing` interest. - Section 5 : Provided however that l�rhen•"said•munici_aal improve 'ment ; shall become" self liquidating and when there shall be accumulated•' earnings.from the oxeration of said distribution light heat, and ,z power system, sufficient "to-pay the .maturing, principal.and interest upon",said' indebtedness - ,' the City Council :may"transfer such surplus,. to the said "s =nking fund for the -payment. and redemption '6' f said`;.' bonds, and. ? the necessity of making and levying a special tax to' pay said int;ere.st and retire said "'bonds. Section.6 That for "the holding of said consolidated election 1 r i ' 0 said City of, lyn�riood shall be dnd.is hereby.caisolidated in�o five. consolidated voting `precincts., established for holding'of a general. municipal'election�by Resolution' No'. 957,entitled "A Resolution of, the`City Coun oS the City of Lynwood, California,ealling ; a general runicipal election in accordance vtith the' provisions of the- laws of: the State.. of Californi duly passed and adopted by, the Ci.ty`Council of: the City ;of Zyn7o'od, :California, and it is hereby, nrovi•ded that the •ele'btion'precincta, polling places ,"gnd- officers,'of election, for said consolidated election; shall..be',the same,.as• thcs e::aet forth i.n the 'said Resolution dTo:; °57, �6,f the' City Council of she City of .Lyh*+_ood,. California,, calling a. general municipal elects on 'and rased and adopted` the .. 3rd:. of iiarch,:'193.6 +71ith`, which " the election' called pursuant'to the Provisions of this. Ordinance, is co nsoldat,ed.. . Section 7 : The polls aor said, election shall be ; open at the hour',ot six o'clock A 11 and' must 'be kept open 'until'tne hour of seven o'clock P "•T_I`of the same, day, 'when .the•.polis shall be closed; e cept and provided that 's f at the hour of closing there are any other. voters° in `the polling place or in line at the..doo.r, who are qualified d to vote, •an. have- not been able to do .so, 'since',. appearing, the polls shall be kept 'open a time to enable :them to vote; . tut no one who" shall - arrive at the polling ,place after seven o'clock P M shall be entitled to vote.,, although,. the 'polls may be open 77hen - he 'or she arrives.' Section 8 r That upon the;ballot.to•be.used,:at such"consohdated election; in addition to other matte s required by lacy there shall' be, printed the following proposition to be voted upon: !!SFa:'LL THE CITY4 OF LYl%T�T00D INCUt7 4 BOIiDED,DIE T OF P:7VO HUNDIZED'AYTD 1 -FIVE N L� �- PURPOSE .OF CUITSTRUCTION P.n�/OR THOUSAND ( 295 000.00) DOLl�?�S FOR 1. d. ACBUISITIOId OF CERTAIN LIGHT A JI1 P0va!Z, iTORL�S CONSIST - 0� A. DISTRI . • B[7TI01T 'SY,STET,Z FORTH THE „Tt�AI�SI ?ISSIQi1;AND ,SALE OF, ELECTRICITY 2 •LIGHT,ING, HEAT,z 'rO tER AND • OTHER. PD- RPOS`ES,` IN.CZUDING' DISTRIBUTION SUB- STATIQT7S;" S IITC 30AZDS; `i'�AbTSI'b!U ERS, A_-?D 9LL OTHER 14ECESSARY. APPURTENANCES, IN THE CITY OF..ZYff woobv p That opposite .the above ' proposi`tion to be voted' on, and -'at t`he right thereof, the words; "YES ", and . "NO ", shall be .printed on r. separate lines in voting, squares.., Sec'tion'9 That -the `consolidated electi.ori';nereby `balled to be held as aforesaid shall be lie ld and canducted and the, returns thereof + canvassed•and the result thereof declared in,,all:particulars,.,the san., as "provided by the lads of the 'State of Calif'oriiia Section 10 :.: -If any Section, .sentence,,cleuse or phrase of this Ordinatrae is' -fbr any . held to be unconstitutional, in violation of lair, or "inoperative, such; decision. shall not affect, the validity of .the'remaining 'portion: of ,•this, Ordinance.,.;. The City Council of.. the,. City, lynwood,', hereby 'declares _that it would have. passed this Ordinance .. and each Section, subsection, sentende,,,clause, and phrase,`thereof; irrespective 'of ahe fact that any one'or -more' other Sections ;`.subsections sentences,-. clauses, or phrases be declared unconstitutional- ,'in ,,,violation:,of 1an ";or inoperative, Section 11 : The ItCity Clerk shall'certify••to the passage of this :Ordinance by a` "two-thirds the rembers,of. the City Councr•1.of the, City. o.£'Lynwood; and cause the same to be published, once a, ti?eek for two suecbeding 'weekis; prior to.,the time appointed 'for 'holding. of said election, ;in `the Lynwood a Meekly news- paper of general circulation, published, 'and' circulated in 'the City 'of Lynwood, the being ' no daily paper published in:said City of. _ Lynwood, and no further notice-of said election need be given. �Adolted, Approved this 11 day of March, .1;936.. L { r ` Mayor of th _ y � Cit y f Lynwood Attest' City,Clerk`