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Luis Obispo, by resolution duly passed and adopted at a meeting of said City Council duly and regularly held, by affirmative vote of more than two- thirds of all of its members, did determine that the public interest and necessity demand the acquisition, construction and completion of the municipal improvement hereinafter mentioned, and did further determine the cost of said proposed municipal im- provement will be too great to be paid out of the ordinary annual income and revenue of said municipality, and that said municipal improvement will require an expenditure greater than the amount allowed therefor by the annual tax levy and will require the in- curring of a bonded indebtedness therefor, which resolution was duly entered on the minutes of said meeting of said City Council, and is now on file and of record in the Clerk's office of said City, now, therefore, 1 �S) BE IT ORDAINED BY THE COUNCIL OF THE CITY OF SAN LUIS OBISPO, as follows: Section 1. A special municipal bond election be and is hereby ordered and will be held in said City of San. Luis Obispo on Tuesday, April 9, 1957, at which election shall be submitted to the qualified electors of said City the question of incurring a bonded indebtedness of said City for the object and purpose set forth in. the following measure, to wit: MEASURE: Shall the City of San Luis Obispo Wa er Supply) incur a bonded indebtedness in the principal amount of $3,900,000 for the acquisition, construction and completion of the following municipal improvement, to wit: Additions and improvements to the water supply, including dam on Old Creek, Whale Rock Reservoir and diversion works, pipelines, pumping stations, and connections to City distribution facilities, take -off extensions to the existing water system of the California Men's Colony and California Polytechnic College, together with lands, easements, rights-of-ways, water, water rights, and other works, property or structures necessary or convenient for the water supply of the City of San Luis Obispo? The estimated cost of the municipal improvement as set forth in said measure is the sum of $3,900,000 and the amount of the in- debtedness proposed to be incurred for said municipal improvement is the sum of $3,900,000 which estimated cost is the estimated cost to the City itself and likewise said indebtedness is the amount to be incurred by the City. The water supply project in. its entirety will be a cooperative enterprise of the City and the State of California. The estimated cost of the complete project is $6,928,700, of which amount it is contemplated that the State of California will advance approximately $3,117,400 and the balance, together with incidental expenses, will be contributed by the City. The City will not incur indebtedness in excess of $3,900,000 for said water supply. 2 Section 2. The City Council does hereby submit to the qualified electors of said City of San Luis Obispo at said special municipal bond election. the said measure set forth in. Section 1 of this ordinance, and designates and refers to said measure in the form of ballot hereinafter prescribed for use at said election. (a) Said special municipal bond election.shall be held and conducted, and the votes thereof canvassed, and the returns thereof made, and the result thereof ascertained and determined as herein provided; and in all particulars not prescribed by this ordinance, said election shall be held as provided by law for the holding of municipal elections in said City. (b) All persons qualified to vote at municipal elections in said City of San Luis Obispo upon the date of the election herein provided for shall be qualified to vote upon the measure submitted at said special municipal bond election. (c) The polls at the polling place hereinafter designated shall be opened at seven.o'clock A.M. of said day of election and shall be kept open.con.tinuously thereafter until seven.o'clock P.M. of said day of election, when, the polls shall be closed (except as provided in Section 573+ of the Elections Code), and the election. officers shall thereupon.proceed to canvass the ballots cast thereat. (d) Said special municipal bond election hereby called is hereby consolidated with the general municipal election. to be held in. said City of San. Luis Obispo on. April 9, 1957, all as re- quired by and pursuant to law and the Charter of said City; and the election precincts, polling places and officers of election within said City for said special municipal bond election hereby called shall be the same as those designated and selected by the City Council of said City for said general municipal election as set forth in its Resolution No. 181 (1957 Series), entitled "A Resolution Providing 3 For the Holding of a General Municipal Election,IM Establishing Precincts�'t'Pb olling Piaces)and Appointing Election Officers passed and adopted February 18, 1957 and also pursuant to the notice of said general municipal election. to be published on or COUNTY, about February 27 1957 in the San Luis ObispoATelegram- Tribune by the City Clerk of said City, to which Resolution and notice of said general municipal election. reference is hereby specifically made for a designation of the precincts, polling places and election officers within. said City for the purposes of said special municipal bond election.hereby' called. (e) Only one form of ballot shall be used at said general municipal election. and said special municipal bond election. hereby consolidated therewith which, in addition to all other matters required by law to be printed thereon, shall state the Measure set forth in Section 1 hereof. (f) Each voter to vote for said measure hereby submitted and for incurring said bonded indebtedness set forth in said measure shall stamp a cross (X) in the blank space opposite the word "YES" on the ballot to the right of said measure, and to vote against said measure and against incurring said indebtedness shall stamp a cross (X) in the blank space opposite the word "NO" on. the ballot to the right of said measure. On absent voters' ballots the cross (X) may be marked with pen.or pencil. (g) The returns of said election. shall be made out and signed by the election officers and shall be by them deposited with the City Clerk, together with the ballots cast at said election; and this City Council shall meet at its usual meeting place and canvass said returns on Tuesday,.April 16, 1957 (being the first Tuesday after said election.) at the hour of 8:00 P.M., and declare the result of said special bond election and the result of said general municipal election. 4 n Section. 3. The City Council proposes to issue and sell bonds of said City of San Luis Obispo in. the amount and for the object and purpose specif iedin said measure if two- thirds of the qualified electors voting on such measure at said special municipal bond election shall vote in. favor of said measure. Said bonds shall be negotiable in form and of the character known as serial, and shall bear interest at a rate not exceeding five (5) per cent. per annum, payable semi- annually (except that interest for the first year after the date of said bonds may be made payable at or before the end of said year). Provision is hereby made for the payment of the principal of and interest on said bonds as follows: At the time of making the general tax levy after incurring the bonded indebtedness, and annually thereafter until the bonds are paid or until there is a sum in. the treasury set apart for that purpose sufficient to meet all payments of principal and interest on the bonds as they become due, the City Council of the City of San Luis Obispo shall levy and collect a tax sufficient to pay the interest on. the bonds and such part of the principal as will be- come due before the proceeds of a tax levied at the next general tax levy will be available; provided, however, that if said bonds are authorized to be issued at said election, and it is expected that all or any part of said bonds will be sold at such time that the principal of or interest on such bonds will become due before the proceeds of a tax levied after such sale would be available to pay such principal or interest, the City Council, at the time of fixing the annual tax levy, may levy a tax in, an amount clearly sufficient to pay that portion. of the principal of and interest on said bonds which it is expected will become due before the proceeds of the next succeeding tax levy will be available. If the earliest maturity 5 of the bonds is more than one year after the date of issuance, the City Council shall levy and collect annually a tax sufficient to pay the interest as it falls due and to constitute a sinking fund for the payment of the principal on or before maturity. Such taxes shall be levied and collected as other City taxes and shall be in. addition to all other taxes and shall be used only for payment of the bonds and interest thereon. Section 4. The City Clerk of the City of San. Luis Obispo is hereby directed, following the introduction. and reading of this Ordinance, to cause the same to be published at least once COUNTY in. the SAN LUIS OBISPOA TELEGRAM- TRIBUNE at least three (3) days before its adoption, and upon the final passage and adoption of this Ordinance, to cause the same to be published once a day for at least seven (7) days in the SAN LUIS OBIS UMIEGRAM- TRIBUNE, which is a newspaper published at least six (6) days a week in said City of San Luis Obispo, and such publication shall constitute notice of.said election. No other notice of the election.hereby called need be given.. Section 5. This ordinance upon its final passage and adoption shall be entered upon the minutes of this City Council and in the Ordinance Book of said City. This ordinance, being an ordinance calling and ordering an. election, shall take effect from and after its final passage and adoption. PASSED AND ADOPTED this 4th day of March 1957, by the following vote: AYES: Councilmen: Nels Beck, Lowell E. Christie, Warren G. Edwards, Kenneth W. Jones, Fred H. Lucksinger NOES: None ABSENT: None Mayor o t e ity Sa . Luis Ob spo, Attest: California 0 The foregoing ordinance is presented to me for approval and is hereby approved this 4th day of March 1957• Mayor of the ty o an Ais Obispo California 7 PASSED TO PRINT this 25th day of February, 1957, by the following roll call vote: AYES: Nels Beck, Lowell E. Christie, Warren G. Edwards, Kenneth W. Jones, Fred H. Lucksinger NOES: None ABSENT: None ATTEST: i CLERK'S CERTIFICATE I, J. H. FITZPATRICK , City Clerk of the City of San. Luis Obispo, California, do hereby certify that the foregoing ordinance is a full, true and correct copy of an.ordinance in- troduced and read at a regular meeting of the City Council of said City duly and regularly and legally held on February 25� 1957, and said ordinance was thereafter duly published as required by the Charter of said City, and was thereafter finally passed and adopted by vote of at least two - thirds of all of the members of said City Council, at'an adjourned regular meeting of said City Council duly and regularly held at the regular meeting place thereof on. the 4th day of March 1957, of which meeting all of the members of said City Council had due notice, as follows: AYES: Councilmen NOES: ABSENT: That I have carefully compared the same with the ori- ginal minutes of said meeting on file and of record in my office and that said ordinance is duly entered of record in Book of Minutes of said City Council, at pages to , and in Ordinance Book No. of said City, and-said ordinance is a full, true and correct copy of the original ordinance adopted at said meeting and entered in said minutes and Ordinance Book. That said ordinance has not been. amended, modified or rescinded since the date of its passage and the same is now in full force and effect. WITNESS my hand and the seal of the City of San Luis Obispo this 4th day of March 1957. Clerk of the City of San. Luis Obispo, California [SEAL]