HomeMy WebLinkAbout0161NORDINANCE NO. 161 New Series)
AN ORDINANCE PROVIDING FOR THE LEVY AND COLLECTION OF A TAX
TO PAY THE PRINCIPAL AND INTERESTOF THE CITY OF SAN LUIS
OBISPO SEVIER BONDS OF 1931.
WHEREAS the Council of the City of San Luis Obispo
did heretofore, to wit, on the 28th day of September, 1931,
order the issuance of $18,000 principal amount of City of
San Luis Obispo Sewer Bonds of 1931, being eighteen (18)
in number of the denomination of �1, 000 each, all dated
July 1, 1931, maturing one (1) bond on July lst in each year
from 1932 to 1949, both inclusive, said bonds bearing interest
at the rate of five (5) per cent. per annum, payable semi-
annually on January lst and July lst of each year; and
WHEREAS it is desirable to provide for the levy of
a tax to pay the principal and interest of said bonds, in
accordance with the provisions of the statute under which
said bonds were authorized, NOW THEREFORE
BE IT ORDAINED by the Council of the City of San
Luis Obispo as follows;
Section 1, The Council of the City of San Luis
Obispo shall, at the time of fixing the general tax levy, and
in the manner for such general tax levy provided, levy and
collect annually each year until said San Luis Obispo Sewer
Bonds of 1931 are paid, or until there shall be a sum in the
treasury of said city set apart for that purpose to meet all
sums coming due for principal and interest on such bonds, a
tax sufficient to pay the annual interest on such bonds, and
also such part of the principal thereof as shall become due
before the time for fixing the next general tax levy. The
-1-
taxes here -in.required to be levied and collected shall be
in addition to all other taxes levied for municipal purposes
and shall be collected at the time and in the same manner as
other municipal taxes are collected, and be used for no
other purpose than the payment of said San Luis Obispo Sewer
Bonds of 1931 and accruing interest.
Section 2. This ordinance shall be published with
the ayes and noes for two (2) days in the "Daily Telegram ", a
daily newspaper printed, published and circulated in said City
of San Luis Obispo, before its final passage, and shall there-
upon take effect and be in force from and after its final
passage and approval.
The foregoing ordinance was introduced and passed
upon by the City Council of the City of San Luis Obispo this
.7.th day of December ,1931, by the following vote:
Ayes:Joseph B..Berkemeyer,John Chapek,H.E.Cox,L.J.Defosset,
L, F.Sin she imer.
Noes: None
Absent: Done
a
Mayor r- Y--o-£ is
Obispo, State of California
Attest: '
City erk.
Presented to and approved by me this ,7day of
ece�l�r ,1931. /
Mayor of'ul- f San Ln
o, State of California.
-2-
we
Finally passed this 14th day off December 1931, by the
following vote:
eyes J.B.Berkemeyer, John Chapek, H.E.Cox, L.J.Defosset.
Noes None.
Absent : L.F.Sinsheimer.
Attest /v _
City Clerk. y.F 'r eimer., I,,Tayor.
CLERKIS CERTIFICATE
1, CALLIE M. JOHN, City Clerk of the City of San
Luis Obispo, do hereby certify that the foregoing Ordinance
was introduced and passed to print at a regular meeting
of the City Council of the City of San Luis Obispo on the
7th day of December , 1931_; .that. said Ordinance
was duly published with the ayes and noes for two (2) days in
the "Daily Telegram ", to wit: on the
1V
day of
December and the 11 day of December ,1931;
and that said Ordinance was finally passed and adopted at as,
ad joL'Iiioc- meeting of the City Council of the City of
San Luis Obispo held on the 1!-t.1 day of December ,1931,
by the following vote:
Ayes:Joseph B.Berkemeyer,John Chapek,H..E.Cox,L.J.Defosset,
L.F.Sinsheimer.
Noes: None
Absent: None
And 'I further certify that said Ordinance was present-
ed to and approved by the Mayor of the City of San Luis Obispo
on the 9 day of _ December , 1931, and is now set
forth at length in the records of the City Council of said
city in Minute Book H at page `'`''� and in Ordinance
Book 1 atpage )5 -
IN ATITNESS WHEREOF, I have executed this certificate
Z "
with the seal of said City attached this day of December,
1931.
City Clerk of the C' y of San Luis
Obispo, State of California.