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ORDINANCE NO. 147. <br />A:9 ORDINANCE OF THE CITY OF <br />A:EVd PORT BEACH, A MUNICIPAL <br />CORPORATION OF THE SIXTH <br />CLASS, INCORPORATED UNDER <br />THE 'LAWS OF THE STATE OF <br />CALIFORNIA, A CITY OF THIS <br />STATE WHOSE CORPORATE <br />LIMITS INCLUDE A NAVIGABLE <br />BODY OF WATER, TO -WIT: A <br />PORTION OF NEWPORT BAVI A <br />NAVIGABLE ARM OF THE PA- <br />C'PiC OCEAN, ORDERING THE <br />LJ3LIISSION TO THE QUALI- <br />i FIED VOTERS OF THE CITY OF <br />NEWPORT BEACH THE ePROPO- <br />C:TION OF INCURRING A DEBT <br />FOR THE PURPOSE OF THE <br />COMPLETION IN THE CITY OF <br />P 2'. :!PORT BEACH OF A MUNICI- <br />PP.L IMPROVEMENT,. AS SET <br />FORTH IN RESOLUTION NO. 103 <br />OF SAID CITY, TO -WIT: <br />THE COMPLETION OF A CHAN- <br />NEL BY FURTHER WIDENING, <br />DEEPENING AND STRAIGHTEN - <br />ING THE CHANNEL OF NEW - <br />PORT BAY IN SAID CITY BY <br />DREDGING THE SAME, THE <br />SAID CHANNEL WHEN WIDEN- <br />ED, DEEPENED, STRAIGHTENED <br />AND COMPLETED TO BE AP- <br />PROXIMATELY 125 FT. IN WIDTH <br />t.ND 10 FT. IN DEPTH AT LOW <br />V.'ATER OF'THE PACIFIC OCEAN,I <br />AND TO EXTEND FROM A POINT <br />!,7 OR NEAR BULKHEAD STA- <br />- ON NO. 121, AS SAID STATION <br />" OCATED AND APPEARS UP- <br />Oil TF:E MAP SHOWING HARBOR <br />:_!i!ES OF NEWPORT BAY, AP- <br />PROVED BY THE WAR DEPART - <br />":Z.NT OF 7HE UNITED STATES <br />O`: THE 18TH DAY OF JANUARY, <br />171 ?, SOUTHEASTERLY PURSU -� <br />li:C THE WATERS OF NEWPORT.. <br />BAN, AND WITHIN THE CITY OF <br />N_WPO RT BEACH, TO A POINT <br />AT OR NEAR BULKHEAD STA- <br />Ti05: NO. 107, AS SAID STATION <br />I° LOC.ITED AND APPEARS UP- <br />Cid SAID MAP, BEING THE' <br />S.H02E END OF A JETTY COW' <br />C'l-nUCTED AT THE ENTRANCE <br />10 NEWPORT BAY. <br />CALLING A SPECIAL ELEC- <br />TION FOR THAT PURPOSE, RE- <br />CITING THE OBJECTS AND PUR -, <br />POSES FOR WHICH THE IN <br />:CEBTEDNESS IS PROPOSED TO <br />BE INCURRED, THE ESTIMATED <br />COST OF THE COMPLETION OF <br />THL PUGLIC IMPROV ;MENT, <br />AMO::NT OF THE PRINCI- <br />l'A'_ OF THE INDEBTEDNESS TO <br />CC INCURRED THEREFOR, AND <br />lPE RATE OF INTEREST TO BE' <br />PAID ON SAID INDEBTEDNESS, <br />FIXING THc DATE ON WHICH <br />SUCH SPECIAL ELECTION WILL <br />CE HELD, THE MANNER OF; <br />P.- -_DIYG SUCH ELECTION, ANDI. <br />7.-i- VOTING FOR OR AGAINST <br />:: -,E INCURRING OF SUCH IN- <br />CE3T- ONESS; AND PROVIDINGI <br />THAT IN ALL PARTICULARS <br />NOT RECITED IN THIS ORD]? <br />NAN''CE, SUCH ELECTION SHALL <br />BE HELD AS PROVIDED BY LAW <br />FOR HOLDING MUNICIPAL ELEC- <br />7ION3 IN THE CITY OF NEW-1 <br />PORT BEACH.. <br />l7:tereag, on the 13th day of Janu- <br />ar�, 1 ^19, at a regular meeting of the <br />'e,�!eL ^five branch of the City of New - <br />_'t Beach, to -wit: the Board of Trus - I <br />ie_s of said City, by, a vote of more" " <br />L:aa two - thirds of all the members of <br />acid Board of Trustees. there was <br />Passed, adopted and approved Resolu -' <br />Cnn No. 103 of said City, being a Res. <br />oiuti ^n determining and declaring <br />:.at Gw public interest and also the <br />`Wrri (.'' a. mnrni?al Improvement <br />- t: e City of Newport Beach, to -wit: <br />:ne c•..np'etion of a channel by fur - <br />,;:pr v''_'_aing' deepening, and straight- <br />-rng l:ie channel of Newport Bay in <br />sq!d City by dredging the same; the <br />said el.aanel when widened, deepened, <br />s:rai- htened and completed to be ap- <br />- rrti`.mat Ay 125 ft. in width and 10 ft. <br />'n depLh at low water of the Pacific <br />Ocean, and to extend from a point at <br />cr near Bulkhead Station No. 121, as <br />said Station is located and appears <br />anon the map showing Har(bor Linea <br />cf Newport Bay, approved lid the War <br />nepartment of the United States on <br />!be 18th day of January, 1917, south- <br />pursuing the waters of New - <br />nort Bay, and within the City of New <br />" vort Beach, to a point at or near Bulk- <br />head Station No. 107, as said Station <br />is located and appears upon said map, <br />being the shore end of a jetty con- <br />structed at the entrance to Newport <br />Bdy. <br />Now therefore, at this, a subsequent, <br />meeting of said Board of Trustees of <br />the City of Newport Beach after the <br />passage, adoption and approval of <br />said Resolution No. 103: <br />The Board of Trustees of the City <br />of Newport Beach do ordain as fol- <br />lows: <br />Section 1. It having been 'deter- <br />mined and declared by Resolution No <br />103 of the City of Newport Beach, <br />passed; adopted and approved by the <br />vote of more than two- thirds of all, <br />tlhe member of the legislative branch <br />o`, said City, to -wit: the Board of Trus- <br />tees thereof, that the public interest <br />and also the public necessity demands <br />the completion in the City of Newport <br />Beach of a municipal improvement, <br />to -wit: <br />The completion of a channel by fur- <br />ther widening, deepening and straight- <br />ening the channel of Newport Bay in <br />said City by dredging the same, the <br />(said channel when widened, deepened, <br />straightened and compieted to be ap- <br />proximately 125 ft. in width, and TO <br />ft. in depth at low eater of the Pacific <br />Ocean, and to extend from a point at <br />or near Bulkhead Station No. 121, as <br />said Station is located and appears <br />upon the map showing Harbor Lines <br />Iof Newport Bay, approved by the War. <br />Department -of the United States on <br />the 18th day of January, 1917, south- <br />easterly pursuing the waters of New - <br />;port Bay and within the City of New- <br />port Beach to a point at or near B(tlk- <br />head Station No. 107, as said Station <br />is located and appears upon said map, <br />being the shore end of a jetty con- <br />structed at the entrance to Newport I <br />Bay; in order to carry out the objects, <br />purposes and powers of the City of <br />Newport .Beach, the cost of the com- <br />pletion of which municipal Improve- <br />ment will be too great to be paid out <br />of the ordinary annual income and <br />revenue of the City of Newport Beach. <br />It is further determined and de- <br />clared that the use of the word "chan- <br />nel" hereinafter yin this Ordinance <br />shall mean and shall at all times be <br />construed to mean the said municipal, <br />improvement to be completed and as <br />described in said Resolution No. 103 <br />and defined and described in this sec- <br />tion of this Ordinance. <br />It is hereby determined that the <br />Board of Trustees of the City of New- <br />port Beach propose to incur a bonded <br />,debt to pay the cost of the completion <br />of said municipal improvement, to- <br />wit: said channel, and to issue and <br />sell bonds of the city of Newport <br />,Beach to pay the cost of the comple- <br />tion thereof. <br />Section 2. The objects and pur- <br />poses for which the indebtedness is <br />proposed to be incurred is to pay the <br />pal improvement in the City of New- <br />port Beach, to-wit: said channel, for <br />the purposes of further widening, <br />deepening anal straightening the chan- <br />-nel of Newport Bay, and to complete <br />the same, which is necessary and con- <br />venient to the establishment, im- <br />provement, conduct, and maintenance <br />of a harbor by the City of Newport <br />,Beach in Newport Bay, and for the <br />furtherance of commerce and naviga - L <br />tion, and the completion of said mu- <br />Inicipal improvement being necessary <br />land convenient to carry out the ob -I <br />. <br />Ijects, puraposes and powers o£ the City. <br />of Newport Beach. <br />:action 3. The cost of the comple -I <br />tion of said municipal improvement, <br />'to-wit: said channel, is estimated to <br />!be $65,000.00, and the amount of the <br />principal of the indebtedness to be in- <br />curred therefor is the sum of $65,000: <br />00, which sum is and will be too great <br />to be paid out of the ordinary annual <br />income and revenue of the City of <br />Newport Beach. <br />Section 4. The rate of'tinterest to, <br />be paid on the said principal of the in- <br />debtedness of $65;000.00, which it is <br />proposed to be incurred is hereby fix- <br />. ed at five and one -half per cent <br />(5% %) per annum and the said Inter- <br />est at said rate shall be paid. semi -an- <br />nually.' <br />Section 5. The Board of Trustees <br />,of the City of Newport Beach hereby <br />orders the submission of the proposi- <br />tion of incurring a bonded indebtedness <br />in the sum of $65,000.00 for the pur- <br />poses set forth in said Resolution No. <br />103, and in this Ordinance llereinbe- <br />]fore mentioned and described, being <br />{ the completion of said municipal im- <br />1 provement, to-wit: said channel, to <br />the qualified voters of the City of <br />Newport Beach, and for (that purpose <br />an election ie hereby called to be held <br />" at and within the City of Newport <br />Beach on Tuesday, the 25th day of <br />February, 1919, which day Is hereby <br />( fixed as the date on which said eleo -! <br />Y tion shall be held. The said election ` <br />shall be a special election. <br />Section 6. At the special election <br />called to be held and.provided for by <br />Section 5 of this Ordinance there <br />shall be and is hereby submitted to <br />the qualified. voters of the City of <br />Newport Beach the proposition of im <br />curring a bonded debt by the City of <br />. Newport Beach In the sum of $65,- <br />000.00 with which to pay tile cost of <br />the completion of the hereinbefore <br />mentioned and described municipal' <br />improvement, to -wit: said channel, <br />the said municipal improvement be- <br />ing necessary and convenient to carry <br />out the objects, purposes . and powers <br />of the City of Newport Beach. <br />Section 7. The manner of holding <br />such swelal election and the voting <br />for or against incurring said indebt- <br />edness shall be as follows: <br />The proposition of Incurring a bond- <br />. ed debt and the issuance of the bonds <br />of the City of Newport Beach for the <br />completion of said municipal im- <br />provement, to -wit: said channel, in <br />I the sum of $65,000.00, shall be sub - <br />:Imitted to the qualified voters of the <br />City of Newport Beaelt by printed bal- <br />lot, and the ballots used at said .spec- <br />.ial election, except as otherwise pro- <br />vided for in this Ordinance, shall be <br />prepared, printed, furnished and dis- <br />tributed as provided by law for pre- <br />paring, printing; .furnishing and dis- <br />tributing ballots at municipal elec -1 <br />