Resolution No. 448RESOLUTION NO. 448
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CYPRESS, CALIFORNIA, CALLING, PROVIDING FOR
AND GIVING NOTICE OF A SPECIAL MUNICIPAL ELECTION
TO BE HELD IN SAID CITY ON TUESDAY, APRIL 14, 1964,
FOR THE PURPOSE OF SUBMITTING TO THE QUALIFIED VOTERS
OF SAID CITY A PROPOSITION FOR THE ISSUANCE OF WATER
REVENUE BONDS BY SAID CITY AND CONSOLIDATING SAID
ELECTION WITH THE GENERAL MUNICIPAL ELECTION TO BE
HELD ON SAID DATE.
The City Council of the City of Cypress, California, DOES
HEREBY RESOLVE, DETERMINE AND ORDER as follows:
Section 1. That a special election to be held and the same
is hereby called to be held in the City of Cypress, California, on
Tuesday, the 14th day of April, 1964, 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 fees, costs and expenses incidental to and
connected with such acquisition, construction, and financing.
Section 2. That the purpose for which said bonded indebtedness
is to be incurred and revenue bonds issued therefor is as follows:
The acquisition, construction and financing of
works and facilities for the production, storage, trans-
mission and distribution of water, including water storage
reservoirs, water wells, water transmission mains, pumping
stations, and for the foregoing appurtenances and appurtenant
works; and including the acquisition of all water rights,
lands, easements, pipe, pumps, valves, fittings, meters,
machinery, equipment, materials, apparatus, and other property
necessary therefor, and including all fees, costs and expenses
incidental to and connected with such acquisition and financing.
Pursuant to Section 54410 of the Government Code, in determining
the amount of bonds to be issued, the City Council has included (a) all
costs and estimates costs incidental to or connected with the acquisition,
construction, improving or financing of the enterprise, (b) all engineering,
inspection, legal and fiscal agent's fees, costs of the bond election and
of the issuance of said revenue bonds, bond reserve funds and working capital
and bond interest estimated to accrue during the construction period and for
a period of not to exceed twelve months after completion of construction.
Section 3. That the estimated cost of such acquisition,
construction and financing is $3,500,000. That the principal amount of
the bonds proposed to be issued is $3,500,000. That the maximum rate of
interest to be paid on said bonds shall not exceed the maximum rate
permitted by law, to wit, six percent (6 %) 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.
Section 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 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 secured by the taxing power
of the City of Cypress.
Section 5. That the enterprise referred to herein is defined
to be the entire waterworks system of the City of Cypress including,
without limitation all works and facilities to be acquired, constructed,
and financed with funds derived from the sale of the revenue bonds
herein proposed to be issued and together with all improvements and
extensions to said system later constructed or acquired.
Section 6. That the polls for said election shall be open
at seven o'clock A. M., of the day of said election and shall remain open
continuously from said time until eight o'clock P. M., of the same day,
when said polls shall be closed, except as provided in Section 14436 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 CROSS ( +) ON BALLOT ONLY WITH RUBBER STAMP;
NEVER WITH PEN OR PENCII.
(ABSENTEE BALLOTS MAY BE MARKED WITH PEN AND INK OR
PENCIL.)
INSTRUCTIONS TO VOTERS
To vote on any measure, stamp a cross ( +) 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.
CITY OF CYPRESS - WATER REVENUE .
BOND PROPOSITION: Shall the City of ,
Cypress issue water revenue bonds in the ,
principal sum of $3,500,000 for the . •
acquisition, construction, and financing .
of works and facilities for the pro- : YES : ,
duction, storage, transmission and ,
distribution of water, including water ,
storage reservoirs, water wells, water ,
transmission mains, pumping stations, ,
and for the foregoing appurtenances and .
and appurtenant works; and including the .
acquisition of all water rights, lands,
easements, pipe, pumps, valves, fittings, : . •
meters, machinery, equipment, materials, : NO . ,
apparatus and other property necessary ,
therefor, and including all fees, costs •
and expenses incidental to and connected ,
with such acquisition, construction and ,
financing? . •
Section 8. A cross ( +) placed in the voting square after the
word "YES " in the manner hereinbefore provided shall be counted in favor
of the adoption of the proposition. Across ( +) placed in the voting
square after the word "NO" 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. That in all
particulars not herein recited the election shall be held and the votes
canvassed pursuant to law for general municipal elections held in the
City of Cypress.
Section 10. That the special election hereby called shall be
and is hereby ordered consolidated with the general municipal election to
be held in said City on Tuesday, April 14, 1964, 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 general municipal election, and said
precincts, polling places and officers of election are set forth in the
resolution providing for said general municipal election, to wit,
Resolution No. 440, adopted the 27th day of January, 1964.
Section 11. That the City Clerk shall certify to the passage
and adoption of this resolution and since there is no newspaper published
in the City of Cypress shall cause this resolution to be posted in three
(3) public places in the City of Cypress for two (2) succeeding weeks prior
to said election. Said resolution shall also be published once a week for
two (2) succeeding weeks in the ENTERPRISE, but failure to publish said
resolution in said newspaper or any defect in such publication shall not
invalidate or in any manner affect said election. No other notice of
such election need be given.
adoption.
ATTEST:
Section 12. This resolution shall take effect upon its
ADOPTED, SIGNED AND APPROVED this 17th day of February, 1964.
City -Clerk o the Cit of Cypress
California
Mayor of the City of Cypress,
California
I, DARRELL ESSEX, City Clerk of the City of Cypress, California,
DO HEREBY CERTIFY that the foregoing Resolution was duly adopted by the
City Council of said City at a regular meeting held on the 17th day of
February, 1964, by the following roll call vote:
AYES: 4 COUNCILMEN: Kanel, Van Dyke, Wright and Noe
NOES: 0 COUNCILMEN: None
ABSENT: 1 COUNCILMEN: Gorzeman
j6
CI 4CLER" OF THE ITY OF CYPRESS