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ORDINANCE NO. ?h► <br />AN ORDINANCE OF THE CITY OF <br />NEWPORT BEACH, A MUNI( <br />PAL CORPORATION, INCORPOR- <br />ATED UNDER THE LAW'S OF <br />THE STATE OF CALIFORNIA, BY <br />THE BOARD OF TRUSTEES <br />THEREOF, AS THE LEGISLA. <br />TIVE BRANCH OF SAID CITY, <br />ORDERING THE SUBMISSION OF <br />THE PROPOSITION OF INCURR. <br />ING A BONDED DEBT FOR THE <br />PURPOSES SET FORTH IN RES. <br />OLUTION NO. 337 OF SAID CITY, <br />TO THE QUALIFIED VOTERS OF <br />THE CITY OF NEWPORT BEACH, <br />CALLING AN ELECTION TO BE <br />HELD FOR THAT PURPOSE, RE- <br />CITING THE OBJECTS AND PUH- <br />POSES FOR WHICH THE INDEBT. <br />EDNESS IS PROPOSED TO BE EN. <br />CURBED, THE ESTIMATED COST <br />OF THE PROPOSED PUBLIC LY- <br />PROVEItENT, THE AMOUNT OF <br />THE PRINCIPAL OF THE IN. <br />DEBTEDNESS TO BE INCURRED <br />THEREFOR, AND A MAXIMITMH <br />RATE OF INTEREST TO BE PAID• <br />ON SUCH INDEBTEDNESS, AND <br />FIXING THE DATE ON WHICH <br />SUCH ELECTION WILL RE HELD, I <br />THE MANNER OF HOLDING SUCH <br />ELECTION, AND THE VOTING <br />FOR Of? AGAINST INCURRING <br />SUCH INDEBTEDNESS, AND PRO. <br />TIDING THAT IN ALL PARTICU. <br />LARS NOT RECITED IN THIS <br />ORDINANCE SUCH ELECTION; <br />SHALL BE HELD AS PROVIDED <br />BY LAW FOR HOLDING MUNI. <br />CIPAL ELECTIONS IN THE CITY <br />OF NEWPORT BEACH. <br />Whereas, the Board of Trustees of <br />the City of Newport Beach, as the I <br />legislative branch thereof, at a reg -; <br />ular meeting thereof held on the 30th: <br />day of July, 1925, by the vote of two - <br />thirds and more of all the members <br />of said Board of Trustees passed <br />Resolution No. 337 of the City of <br />Newport Beach, determining that the <br />public interest and also the public <br />necessity demands the completion by <br />the City of Newport Beach of the mu- <br />nicipal water works thereof as set <br />forth and described in Resolution <br />No. 337, the cost of which will be too <br />great to be paid out of the ordinary <br />annual Income and revenue of the <br />municipality;, <br />New therefore, at this, a subse -• <br />quent meeting of the Board of Trus- <br />tees of the City of Newport Beach, <br />after the passage of Resolution No. <br />337, and held the 10th day of August, <br />1925, the same being a regular meet- <br />ing thereof — <br />The Board of Trustees of the City <br />of Newport Beach do ordain as fol- <br />lows: <br />SECTION 1 <br />It having been determined by Res- <br />olution No. 33, Of the City of New- <br />port Beach, passed by the vote of <br />two- thirds and more of all the Mem- <br />bers of the Board of Trustees of the <br />City of Newport Beach as the legis- <br />lative branch thereof, that the public <br />interest and also the public necessi- <br />ty demands the completion by the <br />City of Newport Beach of the muni- <br />elpal water works thereof In order <br />to carry out the objects, purposes <br />and powers of the City of Newport <br />Beach, the cost of which will be too <br />great to he paid out of the ordinary <br />annual income and revenue of the <br />City of Newport Beach. <br />the City of Newport 13eaca. <br />The maximum rate of interest to <br />,bc paid on such indebtedness shall <br />be and is hereby fixed at six per can- <br />turn, per annum, payable semi -an- <br />nually, which rate Of interest shall <br />.not be exceeded fti the issuance of <br />;bonds for such indebtedness. <br />SECTION 2 <br />The Board of Trustees of the City <br />of Newport Beach hereby orders the <br />submission of the proposition of in- <br />curring a bonded debt by the City of <br />Newport Beach for the completion <br />of the municipal water works there- <br />of in the sum of $350,000, being for <br />the objects and purposes set forth <br />in Resolution No. 337 and bereinbe- <br />fore in this Ordinance described, to <br />the quaP.tied voters of the City of <br />Newport 11j, ' aOi ::ad icr that pvrposr; <br />an election is :iercby called and or- <br />dered to be held W a7@ within Ibe <br />Ci!.y of Newport Beo�h on Thursday, <br />the 10th day of September 1925, which <br />day is hereby fixed as the date on <br />which said election will be held, and <br />the election shall be a special elec- <br />lion <br />_ <br />It Is hereby further and also de- <br />termined and declared that the Board <br />of Trustees of the City of Newport <br />Beach propose to incur a.bonded debt <br />and to issue and sell the bonds of <br />the city of Newport Beach to pay the <br />cost of the completion of the muni- <br />cipal water works of the City of <br />Newport Beach, as set forth in said <br />Resolution. <br />The objects and purposes for which <br />the indebtednes% is proposed to be <br />incurred is the completion of the mu- <br />nicipal water works of the City of <br />Newport Beach, consisting of the ac- <br />quisition by the City of '.Newport <br />Beach of additional water bearing <br />land upon which to drill wells for <br />the production of water, rights of <br />way on which to construct and main. <br />tain pipelines for conveying water, <br />a reservoir site upon which to con-1 <br />struct and maintain a reservoir for <br />the storage of water, also the acqui- <br />sition of pumps, engines, pipe, ma- <br />cbnlery, apparatus, appliances, and <br />all other necessary property with <br />which to construct, and the con- <br />struction by the City of Newport <br />Beach of water wells, pumping plants, <br />storage reservoir, and pipelines ' toil <br />the production, storage. and convey- <br />ance of water for the extinguishment <br />Of fire, the flushing of public sewers, <br />the cleansing of public streets, and <br />All other municipal .purposes of the <br />City of Newport Beach, and fior the <br />domeslic use of 'the inuabftants there -' <br />of. <br />The 'use 'heteiiiaftet 'fn This Ordi- <br />nance of khe words "completion of <br />the 'municipal 'water works of the <br />City of Newport Beach" means :and i <br />shall d', all times,and'pla_es be held <br />and co-istrued toomeen 'lie municipal <br />improvement . describrd In this "Or- <br />dinance and set forth in Resolution <br />No. 337 of the City of Newport Beach. <br />The estimated cost of the proposed <br />Public improvement, being the eom- <br />p!etion of the municipal water vorks <br />of the City ce Newport Beach. is the <br />sum of $350,000, and tile 'amount of <br />the principal of the indebtedness to <br />be incurred tberefor is the sum of i <br />$350,000, which sum is and will be <br />too great to he paid out of Ufa ordl -. <br />nary annual Income and revenue of <br />L`t T \l <br />At the said Special election 'there i <br />shall be and is hereby submitted to <br />the qualified voters of the City of <br />.Newport Beach the proposition of in -' <br />earring a bonded debt by the City <br />of Newport Beach in the sun of $350,- <br />000.00 for the completion of the in <br />nicipal water works of the City of <br />Newport Beach. <br />SECTION 3 <br />The manner of holding such special l'I <br />election and the voting for or againsti <br />incurring such indebtedness shall be li <br />as follows: <br />The proposition of incurring a <br />bonded debt by the City of Newport', <br />Beach in the sun of 8350,000.00 for <br />the completion of the municipal wa -+ <br />,ter works thereof, sball be submitt -i <br />led to the qualified voters of the City <br />of Newport Beach by, printed ballot, I <br />On said ballot the nroposiftii:' -Eeg � <br />er with the amount of the principal1 . <br />of the indebtedness to be incurred <br />therefor shall be stated and the bal- <br />lot used at such election, except as <br />otherwise provided for in this Or -j <br />dinance, shall be prepared, printed,' <br />furnished, and distributed as provid- <br />ed by law for preparing, printing, <br />f .furnishing and distributing ballots <br />for municipal elections in the City <br />of Newport Beach. <br />Every ballot sball have printed on <br />the back thereof the words M. IJN1- <br />CIPAL TICKET and on the face <br />thereof the following: <br />j BOND ELECTION <br />I CITY OF NEIVPORT BEACH <br />]INSTRUCTION TO VOTERS:Tu vote) <br />in favor of the ,proposition stamp a <br />,cross (X) in the voting square at <br />the right of the word YES following <br />the proposition to be voted upon. Tol <br />i vote against the proposition Stamp <br />Ia crass (X) in the voting square at <br />i the right of the word NO following <br />the proposition to be voted upon. <br />ALL MARKS EXCEPT THE CROSS <br />I(X) ARE FORBIDDEN. ALL DIS -t <br />ITINQL'ISHING MARKS OR ERA -! <br />I SU,RES ARE FORBIDDEN AND <br />iNIAKE THE BALLOT VOID. If you <br />, )VRONGLY STAMP, TEAR, 'OR DE- � <br />iFACE THIS BALLOT RETURN IT <br />Ito the Inspector of e!ec(ion and ob- <br />tain another. _.. <br />PROPOSITION <br />Shall the City of Newport <br />Beach incur a bonded debt <br />and issue and sell the bonds <br />thereof in the suin of $350,- <br />000.00 for the cour pietion of <br />the municipal water works i <br />of tl.e City of Newport <br />Beach, consisting of the ac- <br />quisition by the City of New- <br />port Beach of additional YES <br />water bearing land upon <br />1 which to drill wells for the i <br />production of water, rights <br />of way on which io construct <br />and maintain pipelines for <br />�I conveying water; a reservoir <br />site upon which to construct <br />and maintain a reservoir for. <br />the storage of water. also <br />the acquisition of pumps, <br />engines, pipe, machinery, <br />apparatus, appliances and <br />all other necessary .proper- NO i <br />ty with which to construct <br />and the construction by the <br />City of Newport Beach of <br />it water wells, pumping plants, j <br />storage reservoir, and pipe- 1 <br />lints for the production, f+ <br />