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HomeMy WebLinkAbout438 - Special Gas Tax Street Improvements Fund0 0 • E ORDINANCE NO. 438 AN ORDINANCE OF THE CITY OF NEWPORT BEACH RE- LATING TO THE CARE AND EXPENDITURE OF MONEYS R E C E I V E D F R O M T H E STATE OF CALIFORNIA UN- DER THE PROVISIONS OF ARTICLE 5, CHAPTER I, DI- VISION I, OF THE STREETS AND HIGHWAYS CODE. Th City of Newport Beach, by and through its City Council, does ordain as follows: SECTION 1. To comply with the provisions of Article 5 of Chapter 1 of Division 1 of the Streets and Highways Code, with ;particular reference to the amend- Infielits made thereto by Chapter 642, Statutes of 1935, there is here - lby created in the City Treasury a special fund to be known as the "Special Gas Tax Street Improve- ment Fund." SECTION 2. All moneys re- ceived by the. City from the State of California under the provisions 'of the Streets and Highways Code for the acquisition of real property 'or interests therein for, or the construction, maintenance or im- provement of streets or highways (other than State highways shall be paid into said fund. SECTION 3. All moneys in said fund shall be expended ex- clusively for the purposes author- ized by, and subject to all of the provisions of Article 5, Chapter 1, Division 1 of the Streets and High- ways Code. SECTION 4. This ordinance shall be published once in Newport News, a newspaper of general cir- culation, printed, published and circulated in the City of Newport Beach, and shall take effect and be in force thirty days after its passage. The above and foregoing ordi- nance was passed by the City Council of the city of Newport Beach at a regular meeting there- of held on the 2nd day of Decem- ber, 1935, by the following vote, to -wit: AYES, CCUNCILMEN: Gordon, Ulaire, Ellsworth, Garfield, Hil- mer. NOES, COUNCILMEN: None. ABSENT COUNCILMEN: None. The above and foregoing Ordi- nance is signed and approved by me this 12th day of November, 1935. HERMANN HILMER, Mayor, City of Newport Beach. ATTEST: FRANI{ L. RINEHART, City Clerk. Pub. —Dec. 5, 1935.